POTENTIAL BULLISH CYPHER PATTERN ON GOLD'S 1H TIMEFRAME!
Hello traders, i hope you had a nice trading week.
We have a potential bullish Cypher pattern on 1h timeframe.
TECHNICAL OBSERVATIONS
1.We have stochastics at overbought area.
2.Currently price action seems weak.
3.Fibonacci retracements coincide with price structure.
4.Pattern completion at 1.250-1.247$/Ounce area.
POSSIBLE LONG TRADE
STOP LOSS AT 1.243$/OUNCE
ENTRY PRICE WITH PENDING ORDER AT 1.248,50$/OUNCE
FIRST TARGET T1 AT 1.258,60$/OUNCE
SECOND TARGET T2 AT 1.264,70$/OUNCE
THANKS FOR SUPPORT!
HAPPY TRADING!
We have a potential bullish Cypher pattern on 1h timeframe.
TECHNICAL OBSERVATIONS
1.We have stochastics at overbought area.
2.Currently price action seems weak.
3.Fibonacci retracements coincide with price structure.
4.Pattern completion at 1.250-1.247$/Ounce area.
POSSIBLE LONG TRADE
STOP LOSS AT 1.243$/OUNCE
ENTRY PRICE WITH PENDING ORDER AT 1.248,50$/OUNCE
FIRST TARGET T1 AT 1.258,60$/OUNCE
SECOND TARGET T2 AT 1.264,70$/OUNCE
THANKS FOR SUPPORT!
HAPPY TRADING!
코멘트:
By the way being on the bearish side we can look for shorting reasons at those level with buy stop above 1,276$/ounce area..
코멘트:
I hope some of you listen for this short trade now soon we will have cypher completion let's see if price action will validate this bullish pattern..
거래청산: 타겟 닿음:
We can see after the lows of 1,251.40 we had the pattern comletion gold reached our first target..
코멘트:
Second target reached..
Keep following for more profits...
Keep following for more profits...
