i am seeing two potential bullish harmonic patterns i.e potential abcd and potential gartley. I will be trading the CD leg of these patterns. On both the pattern expected D is at the Trendline(blush dash line ) and broken trendline(previous broken trendline). My entries will be below 1232 and i will add more below 1227 and stop loss at 1244.
Comment
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got the target, closed some n left couple on table
Any comments on why this pattern is not completing on XAUAUD for same time and fib levels??
GcNaif
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hi @vintv, sorry i dont know about xauaud, did not look at that chart, the reason for that one not to follow gold maybe due to aussie weakness, cos both aussie n gold were falling today. anyways i dont know much about that pair
vintv
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Hmmm yeah, both XAUAUD and XAUUSD were shaping to be exactly the same pattern. And I wished to trade the CD leg of the pattern in XAUAD the same way you did with XAUUSD, but you're right its the weakness in aussie dollar that is causing a delay in the pattern formation whereas the XAUUSD went on to complete its pattern.