Community post
Trading XAU/USD — Harmonic Patterns
Dear Steemians!
Today I will present a harmonic pattern of the XAU/USD, called Dragon. The Chart is going in an up-trend, obviously.
The first D1-chart illustrates the situation using only a channel, according to the rules of Michael J. Parson´s "Channel Surfing".
The second D1 will show the "Bullish Dragon".
The last D1 uses the harmonic figure — the Dragon — in combination with the Andrew Pitchfork.
And last but not least: you can take the pin bar from the price action idea to trade long. The entries are marked, SL and take profit similarly.
As you can reproduce the charts are nearly naked, not messy and clearly understandable.
What do you think about Channel Surfing or Harmonics?
Lucky hands!
Replies (2)
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by JoPe from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
img credz: pixabay.com
Nice, you got a 8.0% @minnowbooster upgoat, thanks to @quincho
Want a boost? Minnowbooster's got your back!