Long 1242 tp that would be a 61.8 retracement
Almost anytime gold has gotten to the 1224 area it goes back up to 1243. now we are on a trend but price has stalled out at 1223.95 and hasn't been wanting to go down. a price break at 1227.10 will give the signal to buy till 1243. also Rsi had a down trent that broke. higher lows are being made
So it was a bat pattern all along. In my previous post i thought this was a gartley. Now the bat pattern has completed. Entry and stop loss are listed as well as tp's. See you at the top.
Looking at the EURUSD there is a couple of things that stand out. 1) We have price stopped at the 61.8 fib level. Tested 3 times 2) at 1.05478 we have a support/ resistance level. price dropped below it but quickly reversed, came back above it and is now currently testing it for support. 3) RSI seems to be making higher lows. If my calculations are correct, this...
Seems like a Gartley is in play. Shorting till .71500. Following that i am going to enter a buy at .71498 to be exact
Short term sell is in the making. Any time that price has reached this area it has almost always reversed to the .7154 area. 4 hr candle has printed a shooting star. wont be long until it starts to drop. However in the long term picture here is a buy. If you go in for the sell have a tight SL I'm aiming to take profit around .71715