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racinge
Oct 9, 2018 7:01 AM

Gold / XAUUSD Possible Cypher Pattern Short

GOLD / U.S. DOLLARICE

Description

still learning. *This is my view, and is not meant as advice for others to trade!

this pattern could be in the making. Let's see if price really goes down to the C leg, 1176.16. Going long from this point, could be rewardable on it's way to the D leg, 1199.76, where reversal is expected.
Once, if, at the D leg, 1st target is Fib retracement from C to D leg, at the .382 level and 2nd target will be at the .618 level.

Constructive comments/criticism appreciated :)

Safe trading
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