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tntsunrise
Apr 29, 2016 1:37 AM

Gold BAT Pattern Finally come Short

Gold/U.S. DollarFXCM

Description

Gold BAT Pattern

Enter at 1275.41
SL :1268
TP1: 1249.10
TP2: 1232.44
TP3: 1161.88

Trade active

Order filled at 1275.41 and 1276

Comment

sl 1286 above the X point

Comment

Comment

In money for 30 pips arleady

Comment


2nd try failed
who did not short can short now

Trade closed: stop reached

stopped at 1286
Comments
JZA80
How's that short going for ya?
lemezohaib
1348 next long target!
Loii
daily RSI is near 70
harilaos
please reconsider, according to all charts XAU goes up and up.
uperth
Hi Jack, so we breached a strong resistance level up north. Are we going north now for a while, the same in Gold , Silver and Oil? Shall we go in for long trades? Would you have some targets?
harilaos
I play only short sited +20-25 picks and tp … then follow the momentum keeping my sl small near break even. No one really knows if a price will go up or down. All tools are ex post and draw lines are helping us view only consolidations. Trends are macro and news related. Regarding gold it seems that will go up for sure to 1305 and then god knows. Regarding USDJPN ??, eurjpn seems going up. Any way I appreciate your charts and comments. My best regards Harilaos
JayM
Sell gold at 1330 to 1051.
Saravan


Do you guys notice today is the last trading day of the month and gold closed on a high note. As far as I see this is a real break out not a bull trap.
hankchef
Crab pattern - Bearish- I don't know if it is correct, Jack, can you review it pls?
SergioMontanoTYMIW
Why you want to short after soo much momentum on today's move up?

I understand its a bat pattern but do you look for other confirmations?
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