Short term Short based on ABCD & Butterfly Short

Gold/U.S. DollarFXCM

Description

⋅ Jun 19, 2015 3:17 AM

Trade is based on the completed two harmonic patterns bearish butterfly and bearish abcd. 1204-1207 area is acting as resistance for now, also divergence on stoch .

Target and Sl on chart.

XAUUSD

Comments

IvanLabrie

⋅ Jun 22, 2015 2:14 PM

Good, target 2 would be scary for longs if hit but still possible.

GcNaif

⋅ Jun 22, 2015 2:24 PM

thanks Ivan, yeah that trendline around 1179 is the decision point. lets see how it goes

Tony1200

⋅ Jun 23, 2015 1:19 AM

Good call!!

GcNaif

⋅ Jun 23, 2015 2:13 PM

Thanks tony

IvanLabrie

⋅ Jun 19, 2015 3:27 AM

I'm actually long here and got a limit buy below.
Let's how it pans out tomorrow.

moneymaking

⋅ Jun 19, 2015 3:29 AM

It's like either Gc will get your money OR you will get Gc money, LOL. Such an interesting but ruthless truth about the markets :)

GcNaif

⋅ Jun 19, 2015 3:31 AM

so true, advantage of knowing the risk before getting into trade keeps you in market for next trade.

moneymaking

⋅ Jun 19, 2015 3:32 AM

Exactly Gc, your thinking is so much similar to mine, LOL :)

GcNaif

⋅ Jun 19, 2015 3:31 AM

thanks Ivan , its a very short term, lets see what we get from it

IvanLabrie

⋅ Jun 19, 2015 3:37 AM