TradingView
dzulmonsterfx
Jul 16, 2019 5:25 AM

Consolidation out of curiosity  Long

GOLD (US$/OZ)TVC

Description

Assalamualaikum guys, hope you guys doing well !

Based on h4 chart, I strongly believe this precious metal is undergoing consolidation. My view is bullish based on counting A-B-C-D-E flag pattern.

What is our strategy ?

We buy with risk until lower 1385.743 and reward target at 1441.00. I assume market could break the flag pattern trendline. If it doing so, we will count the fifth wave.

Good luck !

Comment

Broke our flag trendline. Happy pipping !

Trade closed: target reached

Happy weekend !
Comments
Bullandbeartrading
Very good RR!
dzulmonsterfx
@Bullandbeartrading, it should be ! well, we can plan our trade. Let the market decide ! :)
More