Andre_Cardoso

One thousand dollars Butterfly // Eventual Cypher // IF=THEN ®

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD

AB=CD completed...

With eyes fixed on the butterfly targeting the 1000$, without losing sight of the eventual cypher or a reverse on price If it break the daily and weekly resistance;

Sell the Cypger @D
Buy the Butterfly @D

CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD

BUTTERFLY
Point B:
78.6% XA
Point C:
38.2% AB
88.6% AB*
Point D
161% ext BC
261% ext BC*
Targets:
TP1 61.8% CD
TP2 127% CD

Check ratios: (also previous published idea - link below)
- link below

Safe Trades;

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.