Trading_Jazz
Short

(2h) Bearish Butterfly Completed at 161% extension // ®

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

Support & Resistance levels:

resistanceD1- 1253.08
resistanceH1 - 1279.555
resistanceH4 - 1267.989
resistanceMN1 - 1191.302
resistanceW1 - 1263.13
------------------------------------
supportD1 - 1211.386
supportH1 - 1250.542
supportH4 - 1224.671
supportMN1 - 1046.211
supportW1 - 1046.211


BEARISH 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

Safe Trades;
https://open.spotify.com/track/38oji9ErDcfO39sxV4YLFh
Hi
there was also a triangle, we just broken that and we tested support at 1250 its very likely to test it again and move much higher from there dont think really shorting is smart to do here... :|
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indeed, thanks ;)
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This is a great pattern sir, great job. Your very educated with the market, very happy to learn from your ideas---J Madrid
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Trading_Jazz jmadrid.pom
Thanks jmadrid.pom, i'm happy to share my ideas, and please, not a "sir" just a regular guy with 37 ;) you'r very welcome. Cheers
Reply
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