XAUUSD: Bullish cypher pattern Long

Gold/U.S. DollarFXCM

Description

⋅ Mar 9, 2017 11:51 AM

Hi traders,

On the XAUUSD we have a potential bullish cypher pattern taking shape on the 4H timeframe. Hoping to enter at the start of next week. Entry and completion is at point D, where my buy limit is.
Target is 1215.

Cheers!

Comment

⋅ Mar 10, 2017 11:03 AM

AB=CD pattern is completed. May already see a retracement from here.

Comments

SpLiFT

⋅ Mar 9, 2017 8:53 PM

You've got a nice 786 Cypher completion @ 1196 with equal moves in CD leg completing there.

11021992

⋅ Mar 9, 2017 9:03 PM

@SpLiFT, Yeah, true. I will keep an eye out for price action around that area too.

sanfxscalper

⋅ Mar 9, 2017 12:31 PM

Aggressive players can long above 1205.7 as it broke the trendline in Hourly time frame. Place SL at 1203 and TP at 1223.75

shamanforeignexchange

⋅ Mar 9, 2017 11:52 AM

good eyes

11021992

⋅ Mar 9, 2017 11:52 AM

@shamanforeignexchange, Haha, thanks! Let's see how it works out.