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paulsandhu
Jul 10, 2018 6:43 PM

Deep bullish Bat Long

Gold/U.S. DollarFXCM

Description

P.A is testing a weekly demand area above a key support level. The pattern has completed w/ RSI divergence and an engulfing candlestick formation on the daily which has been confirmed (taking bit of a conservative entry with this one) as the trade was executed after the 4h M.A's crossed to the upside. The expected rally would also be supported by the recent weakness in the USD. Long w/ T1 and T2 indicated on chart.
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