Sankapathum

GOLD - 4HOUR(240) -Classic AB=CD BUY LONG BIG Rise Expected.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Picture Perfect Classic AB=CD pattern completed.
RSI showing bullish diversions.
4444 pips over rise expected.
Reward/Risk = 3.46
Trade active
Comment: First Profit Objective reached. Taking 50% of the profit and movnig stops to break even to get into a risk free trade.
Comment: Had to adjust the target few pips because of the change of the pattern completion after entering the trade. Still got about 190 pips of profit and trade is still active. Hopefully we will see a rally up and we will get filled of whole 444 pips.
Trade closed manually: Got 200 pips of profit and market turned back and reached stop loss. Still this was a good trade with 200 pips of profit.