I have read dozens of ideas to short gold . I just can`t short superbull. Looking for 1556.00 to fill bearish butterfly . 1500 was my line in the sand. It appears solid support after major resistance TL got taken out. My Stop is what I can afford to lose.
Even though it seems like BTC is creating sort of support - I prefer short positioning. Pattern looks good, exact TP level was previously resistance ( you`ll have to scroll back ). Trade with what you can afford to lose. Cheers
USDJPY was short from double top 4H TF. Targeting looks solid as the price aims to fill bullish bat harmonic pattern at 106.00 - 106.10
I think that there is still some profit that I can take if the market is up to fill the Alternative Bat in the supply. IMO, GBPJPY is still bear market and scalping should do great both ways, long and short. I will use this setup as a gauge and, preferably get from logs to short positions once the bearish pattern gets filled.
This one was a tricky play, but some points got a bit more clear. I prefer a short positioning here because: 1. Daily evening star at the resistance TL with a follow through, as the next lower high indicate that I have the third point for ----- 2. Harmonic Garley pattern to fill One more thing that keeps me alerted is a flat top wedge, or ascending triangle...
This is pure technical outlook and I am aware that BREXIT fundamental facts will certainly take place in confirmation or invalidation of the setup. As my primary goal is to follow what market does - I prefer long positioning because: 1. bullish prints of reversal are very strong; 2. 2 harmonic patterns might be filled in the supply ( the first one is a Gartley...
Weekly tweezers top, Daily evening star, 2 deep crabs (harmonics) filled in supply - this has to pull back significantly to demand levels and targeting harmonic targets look pretty god. I will follow the market.