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!
GBP JPY long opportunity to continueHello traders and analysts,
Here is our quick take for GBP JPY - we have had some very good moves on this pair as of late with great opportunities to buy.
Overall the wave is bullish.
With a move on the Monday - to possible sell back to the zone in purple, for longs to regain.
This move could be possible due to the recent structure - price will be needed to hold above the support for long, but keep in mind the wick fills needed on the four hour.
Overall bullish - let's await the Monday move.
The trade we will be taking is the least path of resistance.
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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