VasilyTrader

trading a harmonic cypher pattern with confirmation

Long
VasilyTrader Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar

hey guys,

on gold we have a nice opportunity to catch a bullish movement after a strong selloff.
on a 4 h chart we have a completed bullish cypher pattern and the market has already entered a buying zone.
+we have a heavily overgought RSI.

for confirmation we have a nice inversed head and shoulders pattern on a 1 h chart.
wait for a bullish violation of a neckline, the target is around 1300 level.

good luck!
Comment:
sorry for a mistake
RSI is oversold :)
Trade active
Comment:
target 1 hit

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