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SailTheWave
May 10, 2016 1:14 PM

Confirming BatPattern or Not? decision very near! 

Gold/U.S. DollarFXCM

Description

Pattern is not completed yet.
i'm awaiting to see if pattern will be confirmed or not (reaching point D).
i will enter long if 1248-1243 area will be hit as per pattern.
I'm still watching to see if anticipating to go long as it seems 1260-1270 support area seems very strong.
2 channel greenn and blu are convergent: market will take a decision here?

Comment

Decision taken. Pattern invalidated.
I'm evaluating a new plan.
Any idea is welcome.

Comment

Pattern may be still valid.
Strong channel support is now again approached: if broken we may see falling to 1248-1244 area and confirm bat pattern.
I'll go long at 1248.
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