Gold (XAUUSD): Deep Bullish Crab formation? Short then Long
In 4 hours chart I saw Bullish Crab pattern although the C leg reversal sign doesn't seem to be strong enough. But I gonna risk some pips here to capture this downside move.
1st target can be at 1211 as there is a strong support and also the Bullish Gartley will be completed at that level. (XA leg 0.786).
R:R 12.11
SL will move to breakeven when price hit 1245.
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
Hit the like button if you agree with my idea. As it will give me confidence to continue posting my idea. And feel free to comment in a respectful manner if you have a different view on it. Appreciate :)
1st target can be at 1211 as there is a strong support and also the Bullish Gartley will be completed at that level. (XA leg 0.786).
R:R 12.11
SL will move to breakeven when price hit 1245.
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
Hit the like button if you agree with my idea. As it will give me confidence to continue posting my idea. And feel free to comment in a respectful manner if you have a different view on it. Appreciate :)
Trade closed: stop reached