Gold Bullish crab + bullish engulfing - Rocket to 1880
Hey everyone,
today we have a nice bullish setup on gold based on a bullish Crab (harmonic pattern) which is a pattern with a very high winning rate of 90%, so this trade should go well.
Also there is the bullish engulfing which is a trend reversal candlestick where the buyers engulfed the whole bearish candle, meaning that bulls took all the strenght from the market and are now preparing for an impulsion.
and also price is above moving average indicator so it is the perfect moment to buy. This trade have a nice Risk to Reward ratio of 1:6.
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See you
today we have a nice bullish setup on gold based on a bullish Crab (harmonic pattern) which is a pattern with a very high winning rate of 90%, so this trade should go well.
Also there is the bullish engulfing which is a trend reversal candlestick where the buyers engulfed the whole bearish candle, meaning that bulls took all the strenght from the market and are now preparing for an impulsion.
and also price is above moving average indicator so it is the perfect moment to buy. This trade have a nice Risk to Reward ratio of 1:6.
Don't forget to like and subscribe if you want more content
See you
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also you can tell me what you think in the comment section