Hi traders,
On this gold chart we can see a clear rejection at the previous structure area. If we get the retracement towards the top of the arch (1230 area) and drop from there, we will get a perfect double AB=CD pattern at 1213.97.
Cheers
On this gold chart we can see a clear rejection at the previous structure area. If we get the retracement towards the top of the arch (1230 area) and drop from there, we will get a perfect double AB=CD pattern at 1213.97.
Cheers
Comment:
Price retraced a a few pips further than I expected. We have a completed AB=CD pattern now.
Trade closed: target reached
