Trader_Joe_Lee

XAUUSD Harmonic Patterns, Inside bar, and structure combination

Short
Trader_Joe_Lee Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD rallied since the FED announcement, while the price here I got several reason to give the short a shot.

The Bat pattern is not a perfect one as B point didn't retrace enough to 0.382 of XA, while when there are 3 reasons combination, it's good enough for me.
Plan: Short @ 1287.40 with an out @ 1290.40 , 1st kick @ 1284.40

Let's see how it goes



Comment:
Got my 1st kick @ 1284.40 yo!
Comment:
Time to lower my out from 1290.40 to 1289.70

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.