IOX-FX - XAUUSD - butterfly + bearish triangular pattern
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Xauusd:
In daily timeframe we have a butterfly pattern.
In monthly structure we have the rejection of the downtrend line. We have a bearish triangular pattern.
The 1834-1830 level is a support zone where the price could make a price reversal.
In case that zone breaks, we would target the 1804 level, which is the 0.618 level, which coincides with the uptrend line.
In daily timeframe we have a butterfly pattern.
In monthly structure we have the rejection of the downtrend line. We have a bearish triangular pattern.
The 1834-1830 level is a support zone where the price could make a price reversal.
In case that zone breaks, we would target the 1804 level, which is the 0.618 level, which coincides with the uptrend line.
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+330 pips
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+370 pips
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TARGET REACHED + 410 PIPS
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