EverythingForex

Gold - What Do 3 Crabs And A Bat Have To Do With Gold?

FX:XAUUSD   Gold/U.S. Dollar
695 0 16
I've been waiting on this large H&S pattern for some time. Now that prices are at the top of the consolidation, it may be the right time to trade this H&S pattern. Yes, I know the correct way is to trade it only after it has broken the shoulder but trading it that way to me has always been much too conservative. The risk of trading it now is at it's lowest.

Wave B may have just completed. If so, then the next move is wave C down. A couple of patterns also are completed and are also pointing down: A bat and a crab .

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.

If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to: efxselect.com for more info.

Faceb00k: http://goo.gl/Mb81w7
Website: www.efxselect.com to subscribe

Go to efxselect.com to subscribe and get these signals in REAL-TIME!
BIG NEWS! Want a FULL WEEK of FREE ACCESS to my member's charts & analysis? If you want it, PM me! Also, for all who PM me, you will be entered to win a FREE MONTH'S Subscription! PM me for details!
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out