Harmonic Patterns
Trading a Short at this stage based on my trading rules belowA. TRADING RULES
1. Identify external range liquidity.
2. Wait for ERL to be broken and retraced in the 5min chart for clarity.
3. Mark Highs and lows of the break and retracement in 5mins chart.
4. Wait for this high or low to be broken with 3 strong candle displacement leaving a FVG in 5 mins chart.
5. Using Fib retracement, enter trade at 50% discount on the FVG.
6. Place SL on the opposing ERL marked on screen.
7. TP on the opposing internal range liquidity or external range liquidity.
8. If the above conditions are not met, DO NOT TRADE.
RULE 2
If on retracement, the FVG is violated on 50% retracement, enter short or long as the case may be.
If Marked point high and low is partially broken with FVG which then gets violated, enter for the long or short reversal as the case may be.
Congratulations if you traded it! More free money! In today’s video, we dive into some critical mindset shifts that often take beginner traders years to understand and embrace. Looking back, if I had truly grasped these concepts in my early trading days, I could have saved myself over 100K in losses. That was the price I paid for my trading education—but because I made those mistakes, you don’t have to.
As a beginner trader, make sure you have a system with positive expectancy, clear entry and exit points, and strong risk management. Test your system thoroughly—what if I told you that you could calculate your system’s annual income and predict exactly what it could earn in a month, a year, or even 10 years?
Also, shoutout to everyone who profited from yesterday’s setups—free money, once again! 🚀 See you in bootcamp!
👉 Watch the full video for all the details!
📉 Check out the full breakdown video! 📺
🔔Enquire for 121 lessons / academy
XAUUSD long hank you for gathering today as we explore some of the most pressing topics in global markets: the relationship between the XAUUSD price, Bitcoin (BTC) price, and the profound impact of political figures like former President Donald Trump on these assets.
As we all know, XAUUSD—the price of gold against the US Dollar—has historically been a safe haven asset, a hedge against uncertainty, inflation, and geopolitical turmoil. For centuries, gold has maintained its allure and its purchasing power, and even today, in a world of digital currencies and advanced financial instruments, it remains a cornerstone of investor portfolios.
Now, when we talk about Bitcoin, things become a little more complex. Bitcoin has emerged as a new form of digital asset, a decentralized currency that promises a financial system outside the traditional bounds of central banks and government regulation. It’s been dubbed "digital gold" by many, and while its volatility is well-documented, Bitcoin has also garnered attention as a store of value, especially in times when trust in traditional financial institutions is wavering.
But how do these markets—gold and Bitcoin—intersect with the shifting political landscape? Specifically, how does Donald Trump factor into this dynamic?
As many of you know, Donald Trump’s influence on markets—particularly in his role as a business tycoon and former president—has been profound. During his presidency, we saw drastic shifts in economic policies, trade deals, tax cuts, and regulatory changes that undoubtedly impacted the price of gold. Trump’s “America First” policies and his approach to monetary policy, particularly his stance on the Federal Reserve, raised concerns about inflation and the stability of the US Dollar, often sending investors rushing to gold as a safe-haven.
But it wasn’t just traditional markets that felt the ripple effect. Bitcoin, which was still in its infancy during much of Trump’s presidency, saw an explosive rise in the years following his time in office. With the increasing uncertainty in global economic systems, Bitcoin became more appealing as an alternative asset. Its appeal was not only as a store of value but also as a protest against what many saw as the centralization and manipulation of currency by the state.
However, Trump’s post-presidency actions and statements continue to affect market sentiment. His political rhetoric, his influence on policies regarding cryptocurrencies, and his outspoken views on issues like inflation and government spending can cause significant swings in the price of both gold and Bitcoin.
When Trump makes headlines, markets respond. Whether it’s his comments on the Federal Reserve, his influence on regulations surrounding cryptocurrency, or his potential candidacy in the upcoming elections, these events often bring a level of volatility that investors in both gold and Bitcoin have to navigate. The question remains: Will Trump’s impact result in further strengthening of Bitcoin as an alternative to fiat currencies? Or will gold, in its timeless role, continue to thrive as the go-to safe haven in times of political and economic uncertainty?
As we look to the future, there are several key factors to consider:
Inflationary Pressures: With Trump’s economic policies, particularly around fiscal spending, inflation has been a topic of concern. In times of rising inflation, both gold and Bitcoin tend to perform well as they offer a store of value outside of traditional currencies.
Regulatory Developments: Trump’s stance on cryptocurrency and financial regulation could shape the trajectory of Bitcoin’s future. If policies around digital currencies become more restrictive, it could have a negative impact on BTC prices. Conversely, a more open regulatory environment could bolster Bitcoin’s appeal.
Global Uncertainty: In moments of geopolitical crisis or domestic instability, both gold and Bitcoin tend to see increased demand. Trump’s influence in global affairs—whether through trade wars, foreign policy decisions, or his potential return to political power—could contribute to such uncertainty, further driving up the prices of both assets.
In conclusion, whether we are talking about the ever-resilient XAUUSD or the fast-evolving world of Bitcoin, the influence of figures like Donald Trump cannot be underestimated. His actions and rhetoric shape market sentiment, and understanding how these factors play into the price movements of gold and Bitcoin is crucial for any investor today.
Thank you.
Beginner traders ignore this! Congrats if longed! My next tradeIn today’s video, we dive into some critical mindset shifts that often take beginner traders years to understand and embrace. Looking back, if I had truly grasped these concepts in my early trading days, I could have saved myself over $100K in losses. That was the price I paid for my trading education—but because I made those mistakes, you don’t have to.
As a beginner trader, make sure you have a system with positive expectancy, clear entry and exit points, and strong risk management. Test your system thoroughly—what if I told you that you could calculate your system’s annual income and predict exactly what it could earn in a month, a year, or even 10 years?
Also, shoutout to everyone who profited from yesterday’s setups—free money, once again! 🚀 See you in bootcamp!
👉 Watch the full video for all the details!
📉 Check out the full breakdown video! 📺
🔔Enquire for 121 lessons / academy
Xrp - Two Digits After The Breakout!Xrp ( CRYPTO:XRPUSD ) is about to break out:
Click chart above to see the detailed analysis👆🏻
Just three months ago we finally saw the overall expected symmetrical triangle parabolic breakout on Xrp. However Xrp is now retesting the previous horizontal all time high resistance. With all the bullish momentum a breakout is very possible, leading to two digits.
Levels to watch: $2.5, $10.0
Keep your long term vision,
Philip (BasicTrading)
Potential bearish reversal?GBP/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 192.22
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
Stop loss: 193.80
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 190.37
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Could the price reverse from here?NZD/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 88.60
Why we like it:
There is a pullback resistance level.
Stop loss: 89.18
Why we like it:
There is a pullback resistance level that is slightly below the 127.2% Fibonacci extension.
Take profit: 87.78
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce?USD/JPY is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 155.02
Why we like it:
There is an overlap support level.
Stop loss: 154.19
Why we like it:
There is a pullback support level that aligns with the 138.2% Fibonacci extension.
Take profit: 156.61
Why we like it:
There is an overlap resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?EUR/USD has reacted off the resistance level that is a pullback resistance that is slightly below the 100% Fibonacci projection and could drop from this level to our take profit.
Entry: 1.0426
Why we like it:
There is a pullback resistance level that is slightly below the 100% Fibonacci projection.
Stop loss: 1.0467
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.0343
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.