Look for the possible Price Action form 61.8 Fib or 4H Imbalance to be filled after the correction
Lets see if the 1H structure shifts for a possible sells on this pair
2 possibilities but still bearish Bias
Looking at the Dollar Index we can see a Double bottom and an Ascending Triangle formation on the neckline to break the barrier for the dollar to strengthen. Ascending Triangle is a continuation Price Action pattern So we can see the Dollar strengthening against all the Major FX pair. Watch out for that move.
An inverse Head & Shoulder have been formed and a possible long entries await on Neckline Retest
The 4H Imbalance have reacted and now just waiting for the Daily structure shift to confirm the sells on the retest pullback strategy
Wait for the 4H structure shift to confirm sells
For scalpers a 1H sniper entry will be an easy catch to jump in the move earlier. 1H structure break-retest and enter
Wait for the Equal Highs to be taken off first for a nice Short pullback
Symmetrical Triangle Formation. Either Side break out can give a direction to the pair move
Wait for 4H Structure Shift to confirm Buys
GBPCAD Short 4H Pullback After a nice Friday Impulsive move we are all Time Frame on Sell Bias on this pair. A corrective move towards the resistance area will be awaited on Monday. Will be waiting for a good 123 candlestick price action pattern
USDCAD Short Opportunity after seeing a corrective upward movement
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!
CADJPY is seated on the MA200 on the 1-hourly chart, resisted on the 4-hourly chart's resistance level and look pretty flat on the daily chart, an aggressive shorting opportunity has been engaged due to the tight stop with huge profit potential.
Pullback from Ressistance Level. R-R Ratio 1: 1.5 Pure Structure Trading