kopparam

xauusd,240, dragon pattern in play

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
468 views
7
Anatomy of Dragon pattern
A.Head of the Dragon
B. Formation of first leg
C. Hump (must be 0.38 to 0.5 of AB)
D. Second leg (can be 0.618 to 1.27 of BC )
E. Trend line breakout (Long Trigger)
F. First target at 1.27 of CD
G. Second target at 0.886 to 1.0 of AB
H. Third target at 1.38 of AB
I. STOP: Place a stop few ticks below
Comment: trade activated @74
Comment: stops @ breakeven
Comment: stops hit @break even

Comments

thx for sharing...let's hope it will work bro! bulls seem stubborn these days...
Reply
maybe it will good go short near MA
Reply
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