IOX-FX DAILY UPDATE XAUUSD - 22/11/2021
Hi everyone
Today we have found a butterfly pattern in the 1D timeframe, in the monthly structure we had the rejection of the bearish trendline of the bearish triangular pattern.
I have executed a sale in 1845 with a goal of 1804.
The trade has reached its target + 410 pips.
Then we have found a buttefly pattern in a 3h timeframe, which in the end we have not executed because it has not confirmed with any candlestick pattern, so the analysis has been invalidated.
Today we have found a butterfly pattern in the 1D timeframe, in the monthly structure we had the rejection of the bearish trendline of the bearish triangular pattern.
I have executed a sale in 1845 with a goal of 1804.
The trade has reached its target + 410 pips.
Then we have found a buttefly pattern in a 3h timeframe, which in the end we have not executed because it has not confirmed with any candlestick pattern, so the analysis has been invalidated.
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