We could aggressively sell at the D completion and stop loss just above the X point. Or for those who wants to wait for confirmation, you could wait for a candle stick pattern formation like pinbar or bearish engulfing candle, or a candle lower low, lower close. See also related ideas.
A good RR opportunities available with extend TP points.
A bearish and bullish advance pattern to its completion.
See related ideas for previous analysis on this pair.
Let's just keep it simple, two bullish pattern and one is already completed. Which is which? Every pattern has their own pros and cons. Think deeper.
We got a winning cypher from our previous posted anaylsis here on this pair. Market went down from a pattern completion of AB=CD and some our going to take profits already. Let's spot on some Long opp once again here on their profit takings as i am expecting market to go up. Here on the 15 mins we got a bullish divergence. And a staircase step of structure to the...
For those who didn't catch my analysis here on the GJ for a short opp. This could be another opportunity to go short once a BO will happen. The idea is to short upto a certain bullish pattern for TCT or the other way around. See the comment section for the previous analyis.
A lower TL is broken we could short for 50 pips and once the pattern is completed we could go Long from there. SL would be just below the X point.
Long on the Cypher. See related ideas also from our previous analysis.e
A bullish AB=CD and Shark is already completed.
Long. Take note of the bearish Cypher Pattern, it is still valid. See related ideas from our previous analysis on this pair.
We still also got a valid bearish Cypher pattern on the HR4/Daily.
A Break of an upper trendline already. Target could be extended on a bearish pattern formation.
So obviously a break of the support is a good candidate to go short upto a certain pattern formation before it reverses to the upside. But if price respect and doesnt want to break the support, a good candidate for long may be good right now on a cypher pattern formation
A Bullish Bat Pattern is completed as market is consolidating right now. We got 4 potential Targets. The extended Target would be a pattern formation which is a bearish Cypher Pattern that we could go short this market. SL would be just below the X point.
On the daily TF we could see that the market is already at its over bought condition. A BO may be a good candidate to sell this pair up to an extended target at a pattern formation or so.
Look on my long term analysis on the Gold. A break of the neckline and a retest on the resistance now becomes support may be a good zone to buy Gold.