fximperija
Long

Correction to 1315-1316 area...

FX:XAUUSD   Gold/U.S. Dollar
96 2 1
...and bullish cont. With recent $ weakness Gold             grows stronger.
HatZ
2 years ago
Its possible. If you move the chart back a bit, you can see a larger bull cypher which completes on the bottom trendline.
Is it possible that the bull gartley here will result in a small bull retracement, it will continue down to complete the cypher before finally heading upward?
Reply
fximperija HatZ
2 years ago
I saw the cypher you are referring to but the structure for the impulse leg is weak, just a minor res. area with no real ret. On the other hand the impulse leg I choose has a nice ret. for the move up which created this possible cypher. So, I don't imply that the bigger cypher of yours is not going to complete, just my observation and reason not to pick that one for my trade setup. There is one more reason to believe that you might be right. Looking at your X there was no ret. to this structure level, a test, a confirmation, so the PA might as well drop to those levels testing and confirming the breakout. We'll see. The Ukraine situation is very sensible and markets will react. Looking at EURRUB and USDRUB, very significant moves.
Reply
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