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

FX:XAUUSD   Gold Spot / U.S. Dollar

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

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

Safe Trades;
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... :|
indeed, thanks ;)
This is a great pattern sir, great job. Your very educated with the market, very happy to learn from your ideas---J Madrid
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
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