Akil_Stokes
Long

XAUUSD: Bullish Bat Formation

FX:XAUUSD   Gold/U.S. Dollar
Bullish Advanced Bat Formation on Gold            

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company


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prince125700
10 months ago
SL??
+1 Reply
Akil_Stokes PRO prince125700
10 months ago
In advanced pattern formations stops need to go beyond the "X" leg
Reply
sinbu
10 months ago
Add trend line support. Can be seen higher timeframe.
+1 Reply
Akil_Stokes PRO sinbu
10 months ago
Nice!
Reply
bunah2 sinbu
10 months ago
Yes
Reply
hobss2004
10 months ago
Hi Akil.. I have a question here. i think it will touch 61.8 level and then will go down? isn't right?
+1 Reply
Akil_Stokes PRO hobss2004
10 months ago
I have not clue what price action will do, the market tends to do what ever it wants, whenever it wants to. All we can do is try and make consistent educated predictions
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DipenBarot hobss2004
10 months ago
1277$ then down
Reply
bunah2
10 months ago
Good Job Akil
+1 Reply
Akil_Stokes PRO bunah2
10 months ago
Thanks you
Reply
hatzitesla
10 months ago
brilliant (y)
+1 Reply
Akil_Stokes PRO hatzitesla
10 months ago
Thanks
Reply
hatzitesla Akil_Stokes
10 months ago
Actually things went totally on the downside but it went with your side for a while which leads me to think that many trades also traded the bat??
+1 Reply
Akil_Stokes PRO hatzitesla
10 months ago
It doesn't necessarily mean that they bought the bat, in fact i doubt that was the case. There were however buyers at that level of previous structure support before the eventual drop
+1 Reply
PriceActionTracker
10 months ago
Good job Akil, i m definitely gonna follow you from now on. keep great work
+1 Reply
Akil_Stokes PRO PriceActionTracker
10 months ago
Thank you
Reply
isaac312 PRO
10 months ago
Lol This is pretty bad guessing without holding any fundamentals :) Seems to be have no idea about macro economy.
+1 Reply
Akil_Stokes PRO isaac312
10 months ago
Targets were hit on this trade.
+1 Reply
Gursimersingh
10 months ago
HI Akil I want to ask you one thing Bat pattern has condition of .382-.5 retracement which is AB leg, is it .618 also preferable?
+1 Reply
Gursimersingh Gursimersingh
10 months ago
Thanks in advance
Reply
Akil_Stokes PRO Gursimersingh
10 months ago
By my rules yes the 61.8 is still valid.
Reply
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