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Akil_Stokes
Sep 13, 2017 2:44 PM

GOLD - Bat Pattern & Ab=CD Pullback Long

Gold/U.S. DollarFXCM

Description

Just took a look at this with our live room members, but we have a potential bullish bat formation lining up with an ab=cd pattern coming right into a killzone that we had drawn out from the higher timeframe. I'm not expecting a continuation trade out of this one due to where price is located, but i would expect to see some sort of reaction at that level.

Akil
Happy Champions League Match Day

Comment

Just doubled checked that Bat Formation & the "C" leg doesn't meet the requirements. Got to take it out of the equation, still like the overal zone however, just not for pattern reasons anymore
Comments
PHL
I would love to buy around 1300, but Akil isn't that BC leg too short? Doesn't even get to the 38.2. Cheers, Pat
Akil_Stokes
@PHL, Correct, i just noticed that. Bat invalid! Thanks!!
PHL
@Akil_Stokes, no problem, that's what the community is for :)
Akil_Stokes
@PHL, Indeed it is!!!
dtech369
thanks. does not show on my radar but will monitor.
Akil_Stokes
@dtech369, You're welcome
Neofibs
Hi Akil, I have the same set up. Thank you.
Akil_Stokes
@Neofibs, You're welcome
ripon02
thank you sir
Akil_Stokes
@ripon02, you're welcome
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