Wave Analysis
Bitcoin - When will we see the breakout?BITSTAMP:BTCUSD is preparing its most bullish breakout of the entire trading history!
After a couple years of trading experiences, you will simply stop paying attention to your emotions. Looking at the chart of Bitcoin objectively, you can see that everything is still incredibly bullish. Despite the hesitancy at the previous all time high, Bitcoin is also not rejecting it towards the downside. Eventually, we will just see a monstrous bullish breakout.
Levels to watch: $70.000
Keep your long term vision,
Philip - BasicTrading
Pre-FOMC Analysis: EUR/USD and GBP/USD OutlookPre-FOMC Analysis: EUR/USD and GBP/USD Outlook
In this video I will share with you my trading strategies regarding EUR/USD and GBP/USD ahead of the FOMC interest rate decision.
It will be an interesting day and that is why it's important to have a trading plan well prepared in advance.
📺You may watch the video for further details📺
Thank you and Good Luck!
AUD/NZD Short, NZD/CAD Short and WTICO/USD ShortAUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/CAD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Nvidia - The tide is (finally) turning!NASDAQ:NVDA is about to create a bearish reversal which will lead to a -60% correction!
Charts just don't lie at all - instead fundamentals are always an illusion. Nvidia was retesting a major resistance trendline and is starting a significant bearish reversal. Nothing changed fundamentally but Nvidia is already down -25% over the past couple of days. This is just the beginning of another potential bear market, like we saw it back in 2018 and 2021...
Levels to watch: $55
Keep your long term vision,
Philip - BasicTrading
AUD/NZD Short, AUD/CAD Short, WTICO/USD Short and NZD/CAD ShortAUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
WTICO/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/USD Short, NZD/CAD Short, EUR/NZD Long and NZD/JPY ShortAUD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Short and AUD/NZD LongEUR/NZD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Long
Minimum entry requirements:
• If area of value tapped into by way of a three touch structural approach, risk entry after a 15 min rejection from it.