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robus
Jul 14, 2016 7:39 AM

XAUUSD : Potential Reversal Suspected to 1419 Long

Gold/U.S. DollarFXCM

Description

Bulkowski's Inverted Scallop in sight on Daily.
Has Trendline Resistance at around 1325-1327
EMA20 on daily at 1325 may provide necessary bounce.

A: 1305.38
B: 1375.92

(B - A) x 61% = Height of Impulse
B + Height of Impulse = Target Price.

($1375.92 - $1305.38) X 61% = $42.82
1375.92 + 42.82 = 1418.74

Trade active

Buy Limit triggered 1325

Comment

Getting there !

Comment

SL revised to 1320

Comment

Towards the target !

Comment

Still hopeful.
Comments
AlphaDreams
It feels nice to be on the right side at the right time and have know early. Good analysis.
robus
its happening
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