GcNaif

Long on Bullish ABCD and Bullish alt BAT

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
I am expecting this to be a high probability trade based on the completion of two harmonic patterns. Nice confluence of 2 fib extensions at D of ABCD . Also on hourly it printed a nice pin bar and reverse from the confluenced ratio price. As long as the price stays above last week low and fib confluence at 1166 its a buy for me.
For me Alt bat has been a very reliable and successful pattern in the past.
All the targets and SL on chart

I could be wrong but as per my analysis i see it as a good probability trade. If i get stopped out then there is always a next trade - thats the beauty of forex trading.

I am a Chart Slave.Thank you TradingView and @nmike.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.