Gold on structureGold 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!
Structuretrading
USDJPY Multiple Pattern SetupsLooking 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.
-Raymond Jeffries
EURJPY Bearish Structure TradeLooking at this structure short on the EURJPY on the 60m. We have a clear level of structure looking left, price has gone overbought, there is bearish divergence with a double top. With Stops above the highs we have a pretty good risk/reward even for more conservative targets above the .50's handle. If youre more aggressive you can shoot for a lower level of structure. Not looking for a big move but just some relief.
-Raymond Jeffries
EU buying to sell I have been pretty swamped so didn't get to update the charts to share.
The week started off nicely with a beautiful buy trade that never went into DD. Looking forward to seeing where price turns and riding that puppy down!
The sell this week might hold for a HTF target with MASSIVE gains. Feel free to indulge.
~Blessed Trading~
EU this week... Strength and PowersUpdating my charts for the week so far, I've missed three trading opportunities. One I stayed out of and two I slept through.
Alerts help but sleep is important. I wish I had set alerts. I'm happy to miss a couple trades if it helps keep my health up.
ps. I'm paying (by not profiting) for sleeping in though, that was a beautiful trade and my system would have gotten me a 10:1. No stress, keeping an eye out for more opportunities.
Practicing my charting, it really helps to follow my own journey and maintain consistency.
Details on chart. Hindsight is great isn't it...
Feedback welcome.
~Blessed Trading~