SasikumarMani

"Rising Wedge" pattern Target Reached. Wait for Retracement

Short
SasikumarMani Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Now Rising Wedge Pattern Target achieved. Wait for completion of Retracement to Next Trade.
Trade closed: target reached:
Reached 0.5 Fibonacci Retracement. The market may bounce at a 0.5 or 0.6 retracement level, or it may indicate a trend failure.

Refer this image 0.5 fib Retracement Level :
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.