XAUUSD ABCD Extension & Harmonic Butterfly pattern Short

Gold/U.S. DollarFXCM

Description

⋅ Jul 4, 2016 4:55 PM

Right now XAUUSD sits on 88.6% of the last high. I expect it to shoot past this point and continue to ABCD presented or Butterfly Pattern. iExpect a slight drop from the 88.6% and than a continuation upward.

Comment

⋅ Jul 5, 2016 10:41 PM

Sorry all i meant a Crab Pattern !

Trade closed: target reached

⋅ Jul 12, 2016 6:23 PM

Target reached on trade 450 PIPS MADE !

Comments

OncleJer

⋅ Jul 5, 2016 4:37 PM

To have a butterfly, X-B must be a 786 retracement and AC must be either a 382 or a 886 ratio, butterfly is invalid

Milan_Trades

⋅ Jul 5, 2016 10:41 PM

yes sorry i meant to say crab

OncleJer

⋅ Jul 5, 2016 11:02 PM

Beautiful charts regardless!