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EUR/NZD Short, GBP/USD Long, AUD/USD Short and GBP/AUD ShortEUR/NZD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
GBP/USD Long
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
AUD/USD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
GBP/AUD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
April 17th Trade Journal & Stock Market AnalysisApril 17th Trade Journal & Stock Market Analysis
EOD accountability report: +816.25
Sleep: 6 hour, Overall health: Testing out new supplement, Sleep has been low, but energy level has been good. (testing out Ocimum tenuiflorum for sleep and adding Ginkgo Biloba W/LM)
**Daily Trade Recap based on VX Algo System**
9:29 AM Market Structure flipped bearish on VX Algo X3!
11:05 AM VXAlgo YM X1 Buy Signal
11:47 AM Market Structure flipped bullish on VX Algo X3!
3:30 PM Market Structure flipped bearish on VX Algo X3!
3:40 PM VXAlgo ES X1 Buy signal (double signal)
**Monday plan--> **watch for rejection of 48M Resistance for breakdown to 1D MOB
Nasdaq - Printing The Obvious Bottom!Nasdaq ( TVC:NDQ ) already finished the correction:
Click chart above to see the detailed analysis👆🏻
After we witnessed a minor "crash" of about -25% over the past couple of weeks, the bottom might be in on the Nasdaq. We simply saw another very bullish all time high break and retest and depite the possibility of a second retest, I am (still) extremely bullish at these levels.
Levels to watch: $17.000
Keep your long term vision,
Philip (BasicTrading)
Gold - Heading Higher For Another +30%!Gold ( TVC:GOLD ) won't stop any time soon:
Click chart above to see the detailed analysis👆🏻
Back in 2015 we witnessed a significant rounding bottom formation on Gold, starting the next major bullrun. With the all time high breakout back in the end of 2023, this rally was just confirmed and after the recent trendline breakout, Gold can still head much much higher.
Levels to watch: $4.000
Keep your long term vision,
Philip (BasicTrading)
Tesla - This Is Actually Not Gambling!Tesla ( NASDAQ:TSLA ) still looks quite bullish:
Click chart above to see the detailed analysis👆🏻
Just a couple of weeks ago I published a bunch of analysis, explaining all the reasons for a potential -40% drop on Tesla. However on the higher timeframe, Tesla still looks quite strong and with the bullish break and retest playing out so far, we could even see new all time highs soon.
Levels to watch: $260, $400
Keep your long term vision,
Philip (BasicTrading)
Are US Tariffs Similar To The COVID-19 Global DisruptionThis video is in response to a question asked by one of my followers on TradingView.
He specifically asked if the current US Tariffs create a similar situation to the COVID-19 supply disruptions and how it may result in longer-term market disruptions.
In this video, I try to answer these questions and highlight the differences I see related to what is happening now vs. the COVID-19 shutdown.
It is an interesting question.
I certainly see similarities, but I also see vast differences in terms of how the global markets are attempting to address the US tariff issues.
First, the current tariff issues are somewhat self-inflicted, not something like COVID-19 (unavoidable).
Second, the global central banks acted in concert to present immense liquidity to support a global shutdown with COVID. I don't see that happening right now.
Supply-side disruptions are evident, but we'll see how they play out over the next 60- 90+ days.
Longer-term, I hope these tariff issues are resolved before the global economy moves into a deeper recession. I will state that hard assets are likely to take a hit over the next 60-90+ days across the globe.
Any moderate (think 15 to 35%) slowdown in production, shipping, and consumption across the globe is going to be felt all over the planet. It is not going to be isolated to just one or two areas.
This is the smackdown that I don't believe anyone is really ready for. And that creates the urgency to resolve the tariff issues asap.
Hope this helps.
Get Some.
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Dow jones 38500?Dow jones 38500?
The Dow Jones Industrial Average (DJIA) has been experiencing volatility recently, influenced by factors such as weak earnings reports and global economic concerns. The index fell 507 points (1.3%) in its latest session, primarily due to a sharp decline in UnitedHealth shares following an earnings miss