Structuretrade
Todays Decisive time for LONG or SHORT for GBP/USDWait for a Bullish close here on hourly chart or for more accuracy wait for break of this zone we are in right now. We shall most probably get a chance to enter long or short on retest of this zone. As of Now it looks like GBP/USD has lacking volumes below this level. It might just go bullish from here. I am talking about intraday sentiment only.
AUDCAD - Bullish Deep Gartley @ XA Bullish Deep Gartley Pattern complete at X might be a Harmonic Pattern that traders may forego. Well, for me this is 1 of the best setup as I got the lowest risk possible and highest return.
And to make things even better, I've engaged a single target short with 2unit when the candle break and close outside of my channel as a potential bearish flag formation.
In a way, this trade is risk-free for me. If you decide to engage the trade, you have to observe how the candle react when it approach this region.
Gold on structureGold has made a structure and is now still (kinda) respecting the repetition of this structure.
Expectation is that it will go down to around 1810-1825 close to new year, in the first few weeks of 2021 (January-Februari) it will probably shoot back up to the 1900
Let's hope it keeps his structure!
USDJPY Multiple Pattern SetupsLooking at this pair it looks like we have a few patterns setting up. Depending on what you trade we have a valid Bear Bat Pattern and Bear Gartley Pattern as well. I will be looking at taking the first to complete which is the Bear Bat Pattern. The Risk/Reward to target 1 is about 1/1.25 and to target 2's is roughly 1/2.
-Raymond Jeffries
NZD Short at a Level of StructureLooking at this level for a short on the NZDUSD 60m. We haven't gotten a confirmation for entry yet but this may be an area to look for a double top or a 3 bar reversal if you're aggressive. Setting up for a pretty decent reward to risk with just over 2.5/1.
-Raymond Jeffries