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XAUUSD Gold Bearish Bat and Short Opportunity TP3 Reached 360 Pips

XAUUSD Gold Bearish Bat and Short Opportunity

Description: Chartreaderpro find a Harmonic Bearish Bat Pattern formation on the Daily Chart. A potential reversal is predicted at D.

Trade Period: Midterm

Pair / Instrument: XAUUSD Gold

Time Frame: D1

The trend in the Timeframe: Bullish

The trend in the Daily Chart:  Bullish

Trade Based On: Harmonic Bearish Bat Pattern

Accuracy: %80

Recommended Lot Size: 0.06@ 10 K Account with 1:100 Leverage

Trade:  Short

The Area Of The Entry:  1244 – 1250

Stop Loss: 1260

Target 1: 1230 / TARGET REACHED

Target 2: 1218

Target 3: 1207 / TARGET REACHED 360 PIPS

Target 4: 1187

What to Pay Attention:

You can view the setup: XAUUSD Gold Bearish Bat Pattern

 

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

XAUUSD Gold Bearish Bat Pattern : Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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