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Akil_stokes

GBPAUD: Potential Bat Formation w/ Equal Measured MovesHey traders, looking at the GBPAUD here for a potential bullish advanced bat formation. In very similar fashion to the EURJPY trade from a few days ago, this started off as a simple look at the market putting in equal measured moves combined with fibonacci ratio confluence & then morphed into a potential advanced pattern formation as I looked a little closer. The cool thing about this chart is that the equal measured moves are not only on the extensions (in red), but also on the retracements (in blue). Always pretty neat when the market moves like that.
Long
by Akil_Stokes
14
GOLD: The Next Pullback Into A Potential ShortLooking for a simple trend continuation trade here on gold as the market consolidates in it's latest pullback. The "Initial Killzone" that i drew out is a combination of the two bigger killzones that I've identified combined with levels of Fibonacci ratio confluence. If you were to zoom out to the daily chart you'll also notice a previous level of structure support that may now act as potential resistance rest there as well. Speaking of the daily, i'm getting somewhat of a mixed signal from the chart. An initial looks shows clear sailing down to 1100-1050's level, however I would suspect that the previous level of inside consolidation won;t make that ride so easy. Not to mention the unexpectancy that comes with this being a non farms week.
FX:XAUUSDShort
by Akil_Stokes
13