FX:XAUUSD   Gold Spot / U.S. Dollar
803 26 16
UPDATE#3: The breakeven stop loss has been hit. All positions are now closed for this setup.

UPDATE#2: Target #1 achieved, stop loss moved to break even.

UPDATE #1: Still no conformation from price action. Waiting on the sidelines for now.

Hello Traders,

Here we have a really good bullish cypher pattern that has already completed. Usually I enter at the 78.6% fib retracement level but in this case I am willing to wait a little longer, so that I can get confirmation from the price action. This will also allow me to reduce my risk on this setup, if the market comes even more deeper into the cypher pattern . So for now, I am on the sideline and waiting for good conformation. See the chart for more details.

Note: We might also be getting a potential double bottom at the 78.6% level. Watching this level very closely.

Please feel free to AGREE or DISAGREE with this idea. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
+1 Reply
moneymaking rizwanhits
Thank you Rizwanhits :)
UPDATE #3:All positions are now closed for this setup.
TahirAli moneymaking
Hi moneymaking,I would be thankful to you if you please explain me how to upload a chart on this page as I am keep failing to do that.
+1 Reply
moneymaking TahirAli
Hey Tahir, I can definitely help you with this, I had a similar problem. I used to look at other people charts and saw other people posting their comments with their charts. So here is how you do it.

First, go to which ever chart you want to share in the comment section. Then there is a little grey camera icon near the bottom right hand corner of the chart click on that and copy the link. Then go to the comment section and write in your comment. Then to add the chart with your comment, click on the "uptrend" like icon on the top right hand corner of the "comment section". Lastly, just paste your chart link that you copied earlier and you will be able to upload a chart with your comments. I hope this helps Tahir, please do let me know if you need more help with this. All the best :)
+1 Reply
TahirAli moneymaking
Thanks a lot moneymaking for all your help.I will surely contact with you if I find any further problems and sorry for the late reply as I was fishing whole day and just came back.
+1 Reply
moneymaking TahirAli
No problem mate :)
UPDATE#3: The breakeven stop loss has been hit.
Excellent, congrats!
+1 Reply
moneymaking IvanLabrie
Thank you Ivan :)
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