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
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+1 Reply
Akil_Stokes PRO prince125700
In advanced pattern formations stops need to go beyond the "X" leg
Reply
Add trend line support. Can be seen higher timeframe.
+1 Reply
Nice!
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bunah2 sinbu
Yes
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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
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
1277$ then down
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Good Job Akil
+1 Reply
Thanks you
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brilliant (y)
+1 Reply
Thanks
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hatzitesla Akil_Stokes
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
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
Good job Akil, i m definitely gonna follow you from now on. keep great work
+1 Reply
Akil_Stokes PRO PriceActionTracker
Thank you
Reply
Lol This is pretty bad guessing without holding any fundamentals :) Seems to be have no idea about macro economy.
+1 Reply
Targets were hit on this trade.
+1 Reply
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
Thanks in advance
Reply
Akil_Stokes PRO Gursimersingh
By my rules yes the 61.8 is still valid.
Reply
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