Wait 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.
A 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...
Gold 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!
Hello 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...
Looking 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.