JakeDailly81

JakeDailly81

Correction followed by the next push to the downside breaking the previous lower low formed. Target 1.24470 area.

JakeDailly81

Let me know your thoughts below!

JakeDailly81

I have 3 scenarios for GBPUSD, A, which didn't happen at market open which was that price will break the support straight away, B is a minor pullback into the minor resistance level before the bears take control & finally C which is the major pullback into the major resistance level which is the previous lower high before the bearish rally to the downside. Lets...

JakeDailly81

Depletion of the bearish pressure, think we will now see price push to the upside and break the major previous high. Setting my target at around 1.13665 which is the next major high. Firstly looking for a retest of the high which we have just broken of the consolidation range to show that is it indeed a strong level before dropping down to lower timeframes to zone...

JakeDailly81

Head & shoulders formation. Now waiting for the break & retest before entering.

JakeDailly81

A nice breakout of the ascending wedge pattern, now looking for a retest of a previous high before entering a buy. Quite a big gap before a previous level of resistance is so I will be looking to ride the wave all the way up.

JakeDailly81

A nice head & shoulders starting to form, lets see if we can get the right shoulder and then the sell of period. Let me know your thoughts below!

JakeDailly81

Personally, would like to see Gold come back down and retest before I enter any positions. My overall bias is long with an ascending channel formation being shown, however, after a short period of a counter trend and test of the channel support we now see price going back up. Lets see if we get the retest! Let me know your thoughts below!

JakeDailly81

Head & Shoulders Pattern, waiting for break of the neckline.

JakeDailly81

A nice breakout of the wedge pattern, would like to see the support, now resistance retested before an entry. A nice risk/reward ratio of 1:4.

JakeDailly81 Updated 

After a head and shoulders breakout pattern, I think we are now seeing a inverse head and shoulders pattern starting to form with the left shoulder complete, now the head is forming. I want to see price reject the support and with minimal risk I will be looking for longs into 0.58450 level before looking for a continuation of the buy or a sell to form the right shoulder.

JakeDailly81 Updated 

Here we can see a retest of the descending triangle pattern, I think price will again reject the triangle resistance and short into the triangle support. However, before entry, I will look for definite conformation of the rejection again, although if we see breakout I will be looking for a retest and a continuation before longs.

JakeDailly81 Updated 

Here we can see a nice breakout from the triangle formation, with my upside target achieved, I would like to see a short-term pullback before longs once again, I think we may see gold hit the $1900 level once again! Long term bias is defiantly long.

JakeDailly81 Updated 

Descending triangle formation, a nice breakout and now the retest. Short opportunity with a nice 1:5.5 ratio.

JakeDailly81

A nice head & shoulders breakout and retest, however I would like price to come back up and test the resistance of the pervious low before the bulls take the driving seat once again forcing price to the downside. Target 1.15100.

JakeDailly81

Once again, I think the bulls are in the driving seat, I would like to see price retest the previous low before the continuation to the downside. On the higher timeframes, we can see the pair is in a descending wedge with price slowly being squeezed until we see the breakout. Once price reaches my target of 126.900 I will be looking for an opportunity to buy at...

JakeDailly81

Overall bias is still bullish, the bulls are still in the driving seat with a clear rejection off the long term descending trend. I think we may see a short-term pullback before a continuation to the downside. Price has now fallen back in to the ascending channel which was previously broken out of before the fall back into this range. I will be looking for the...

JakeDailly81

Ascending triangle formation with price being squeezed now, potential breakout, want to see a retest before going long on this position. $1748 is the target. Risk/reward 1:7.