Raymond_Jeffries

Raymond_Jeffries

Looking at Ethereum there looks to be another Ascending Wedge forming. You can see we had a bigger one in January that broke out and now we are in consolidation again. My prediction is a breakout to the upside due to the bullish market beforehand and price action. Looking for the 1.272 Fib ext at 1932 for initial targets up to the 1.618 fib extension at 2050.

Raymond_Jeffries

Hey everyone I have two Harmonic Patterns setting up here on the EURUSD similar to my last post on GBPJPY. There is one setting up to the upside and downside. They have pretty deep D completion points so there is going to be a decent risk reward. Markets are clearly channeling so until we break this I will be looking for structure plays and pattern setups. -Raymond J.

Raymond_Jeffries

Hey everyone I have two Harmonic Patterns setting up here on the GBPJPY. There is a Bearish Gartley Pattern close to completion and if we can move down we have a Bullish Gartley Pattern setting up as well. The Pound pairs have been giving us a lot of chop and in these markets I look for structure plays and advanced patterns. -Raymond J.

Raymond_Jeffries Updated 

There is a nice Head and Shoulders Pattern setting up here on NZDCAD. There would be a nice location for stops right above the left shoulder and on the right shoulder retest we have a Double Top setting up as well with Bearish Divergence. If you want to wait for a confirmation you can wait for the neckline to break and then get involved on a retest and pullback....

Raymond_Jeffries Updated 

Looking at this GBPJPY for a long trend continuation setup with a double bottom on the 15m time frame. Gives us an opportunity to place stops and get a great risk reward setup. This isn't a trade in my portfolio that has a high win percentage but you can see the risk reward makes it worth taking for myself. The risk/reward is currently sitting at 1/4.5 roughly....

Raymond_Jeffries Updated 

Looking 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

Raymond_Jeffries

Looking 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...

Raymond_Jeffries Updated 

Looking at this level for a short on the NZDUSD 60m. We haven't gotten a confirmation for entry yet but this may be an area to look for a double top or a 3 bar reversal if you're aggressive. Setting up for a pretty decent reward to risk with just over 2.5/1. -Raymond Jeffries

Raymond_Jeffries Updated 

Looking at AUDUSD we have been in a decent consolidation zone and what that says to me is structure trades or patterns. Right now I have a Bat Pattern on the radar with stops above structure. -Raymond J.

Raymond_Jeffries Updated 

I have been waiting on this breakout for a while now. Predicted this one a few weeks back. Once we get a break above then look for a retest to get involved. If we get the break then short term 77.80's and long term possibly 80.50's. -Raymond J.