TradingView
KamalFX
Apr 18, 2016 9:35 AM

GOLD BAT PATTERN X SUPPLY Short

Gold/U.S. DollarFXCM

Description

Same old same old, price is hopefully about to complete a bat pattern which is lining up with a supply zone. Price has been making lower lows and lower highs so we are currently in a bearish trend and price is pulling back to key structure which also lines up with the 38.2/50 Fibonacci retracement level.

So we have a bat pattern completion, a supply zone, the 38.2/50 fib level and key structure, in fact if you keep scrolling left you will see how many times price has reacted off of this structure level.
More