XAUUSD, 15-MINUTES TIMEFRAME CHART
XAUUSD, 15-minute timeframe chart
XAUUSD formed a bullish Engulfing pattern.
General outlook
XAUUSD has been under selling pressure within the last day.now the price display a bullish Engulfing pattern.The price ready to rise.
Possible scenario
The best way to use this opportunity is to place a buy order at 2,736.
Set your stop loss at 2,728. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,755. ($19.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
XAUUSD formed a bullish Engulfing pattern.
General outlook
XAUUSD has been under selling pressure within the last day.now the price display a bullish Engulfing pattern.The price ready to rise.
Possible scenario
The best way to use this opportunity is to place a buy order at 2,736.
Set your stop loss at 2,728. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,755. ($19.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
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