XAUUSD - BUTTERFLY PATTERN FORMATION

two days back I post this pair based on a H4 Cypher Pattern formation completed, I said the pullback won't hit my second profit target 61.8 fib ratio. and said I am still bullish on this pair. Now as you know you need to update your markings as the market moves. While doing that, I saw interesting patterns forming, which are ABCD & also Butterfly pattern. now besides the patterns, trading base market structure, are we seeing the price breaking the previous structure highs & hitting 1300 mark? :) hmmm Interesting, well only time & price action will tell. for now this is my mid-term analysis, I am seeing a very nice trend continuation to upper side. now what I want see is the price breaking the B point and close above the previous structure highs and then scale down to daily or H4 chart for a small pullback to can go long again. :)

Plan your trade & trade your plan. :)