Xauusd:
The price of the Xuausd has formed a butterfly pattern.
Possible corrective movement before seeing new bearish impulses, based on the analysis in higher timeframes that I will leave here below.
Possible target: 1855
The price of the Xuausd has formed a butterfly pattern.
Possible corrective movement before seeing new bearish impulses, based on the analysis in higher timeframes that I will leave here below.
Possible target: 1855
Comment:
Analysis invalidated, the price has not confirmed.
Comment:
The analysis has been invalidated for the following reasons:
The butterfly pattern was not confirmed, as what to expect is a candlestick pattern that confirms a change in trend.
It is very important to wait for that candle pattern, since in my case I was trying to trade a correction of a downtrend.
The butterfly pattern was not confirmed, as what to expect is a candlestick pattern that confirms a change in trend.
It is very important to wait for that candle pattern, since in my case I was trying to trade a correction of a downtrend.
We are still waiting for confirmation and for the pattern to be completed