It appears that gold is currently in wave 4 of 5. Simultaneously it has tested the entries and one critical zone of the Prz on a harmonic pattern it's forming, falling typical harmonic motion and retracing slightly to retest all the levels of the prz until one large fall off. Finally the Stochastic indicator just had a bullish cross in the over bought zone. Now...
We have a bearish Gartley on the H1, the PRZ is set between the 78.6% Retracement of XA and the 88.6% XA. 1.618 extension of BC is marked because the market has room to grow, and the stop loss is set at a little above 100% of XA, in case the market is overbought and touches that 100% retracement level. Entry Can be anywhere within the PRZ.
The pound is in a tough spot right now with Brexit however, the technical signs are showing a bat pattern and a truncated 5th wave of the Elliot pattern. Confirmation for sell is after it retests the .886 of the retracement XA leg and breaks below the .382 extension of the AB leg with stop loss set at the A level of the Bat pattern. 1:3 Risk reward 200+ pip gain...
