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Sankapathum
Apr 23, 2019 1:33 PM

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

GoldOANDA

Description

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.
Comments
Ronnie_Dong
Sankapathum
@Ronnie_Dong, Good idea brother. I think it will fill up at least one profit objective of the pattern before it continues the downtrend. Which in this case is about 1700 pips which is good. Let's see...:)
Ronnie_Dong
@Sankapathum, HAHA,nice ! let's wait and see
Sankapathum
Hey guys! check out my new youtube channel. Here is the link to my first video.
youtu.be/Z3Eam6Gx0-0
Sankapathum
Hey guys! check out my new youtube channel. Here is the link to my first video.
youtu.be/Z3Eam6Gx0-0
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