Wave Analysis
GBPCAD’s Bullish Surge: What’s Next? 💹 The GBPCAD has been in a strong bullish trend, reaching into previous highs on the daily timeframe—a key liquidity zone! 💰 This is a crucial area where smart money may take profits or induce a retracement before the next move.
📉 Given that price is currently overextended, I’m not looking to buy at these highs. Instead, I’ll be watching for a potential pullback into an unresolved imbalance, where we could see a high-probability long setup—if price action confirms the move. 🧐
💡 Patience is key in trading. Chasing price at extreme levels often leads to significant losses. I’ll be waiting for the right conditions to align before looking for an opportunity.
⚠️ Not financial advice. Always trade responsibly!
📊 Let me know your thoughts in the comments below.. 👇
BRIEFING Week #9 : Is this just a Bad Dream ?!Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
Most overbought in 10 years !? I've used 3 forms of technical analysis to make a case for a major top forming in the European markets. If this turns around, it could lead to a 10% selloff very quickly and if this transforms into a bear market then 20% drop is totally on the cards. Nothing goes up forever.
BTC hitting key demand zone as forecast weeks agoIf you've been following the narrative here, you know what we are looking at. This dip is to establish the yearly low in BTC as forecast before the new year's candle started.
Let me know what you're seeing and we'll discuss it in the next video. Be sure to sub & like. Thanks for watching.
BTC still on bearish movement#BTCUSD on bearish retracment, price is still bearish till 73800 which have bullish reverse.
Firstly we need to see price to break below 79300 which is sell stop on #BTC sell, Target 76k-73800.
Below 73800 holds bullish retracment which will push the price above 81k-82k for new confirmation.
Price bullish on #BTC is not valid yet.
btc buyy buy now now yesssss Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. It is a decentralized digital currency that operates on a peer-to-peer network without the need for intermediaries like banks or governments.
GOLD, NAS, & BTC Daily Overview: Whole Market BleedingDXY is fundamentally bullish but this recent bearish retrace has allowed us to put risk on for a few weeks but the last few sessions have been hungry for correction.
We all know that before we can continue to rally, it will be wise to allow the market to collect more supporters at better pricing. This alongside inefficient price delivery zones will make easy targets for sellside revisit market wide.
Tesla - Elon Is Playing The Charts!Tesla ( NASDAQ:TSLA ) is perfectly respecting structure:
Click chart above to see the detailed analysis👆🏻
Two months ago Tesla perfectly retested the previous all time high resistance and closed with a massive rejection wick. This means that a correction - which is currently happening - is expected and after the bullish break and retest, we will then finally see new all time highs.
Levels to watch: $280, $400
Keep your long term vision,
Philip (BasicTrading)
GBPAUD Bullish Trend: Trade Idea with Entry, Stop Loss & Targets📈 The GBPAUD has been in a strong bullish trend, rallying to trade at a premium. 📈 In this video, we analyze the trend, market structure, and price action, while exploring a strategy focused on a retracement into 50% of the previous day's range. 🛠️ I also share a detailed trade idea, including potential entry points, stop-loss levels, and target zones. 🚀 Please note: this is not financial advice. #ForexTrading #GBPAUD #TeschnicalAnalysis #ScalpingStrategies #TradingIdeas"
Elliot Wave Theory Analysis on DOGENew to Technical Analysis here but I am loving my learning journey. Watch this absurdly long video to see my thoughts on where I think we are in relation to past cycles and how after deep thought on the Elliot Wave Patterns I have found it astonishingly lines up to a tee with past cycles. I didn't modify it anyway to make it line up ------ it just did!
Gold Bullish To ATH Of $2,964?!Bare in mind Gold is not out of its danger zone just yet. While internal structures might have turned bearish, on the bigger TF we are yet to see any huge structure to turn bearish.
Price still remains within a huge range & buyers are still holding above our precious ‘Wave X’ low. We could still see a schematic play out between Wave X & Wave Y. This means another ATH could still be incoming👀
XAUUSD Is RangeBound! What's Next?In this video, I revisit my earlier analysis of gold, and my perspective from back then remains unchanged. Gold is currently range-bound and struggling to break through its recent highs. In the video, we examine price action, market structure, the trend, and other key elements of technical analysis. Previously, gold was trending with significant momentum, but that momentum has since diminished. All of this is explained in detail in the video, which is not intended as financial advice.
US30 Dow Jones Equal Lows & Structure Shift - Is This Reversing?The US30 is showing key signs that could point to a potential reversal. 🔄 On the 4-hour timeframe, we can see equal lows 🟢 that have been tested three times, followed by a liquidity sweep 💧 and a sharp rally 🚀—indicating possible accumulation by larger market participants.
For confirmation of a Dow Jones bullish reversal, we’ll need to see a pullback forming a higher low 🔽 and then a break in market structure to the upside 📊. In this analysis, we dive into potential price action scenarios based on specific conditions outlined in the video 🎥. If these conditions are not met, the setup will be invalidated ❌.
⚠️ This is for informational purposes only and should not be considered financial advice. 💼
GBPUSD Rally: Will It Retrace? Key Liquidity Zones & Trada Idea.📈 The GBP/USD has seen a significant rally recently, with previous highs on the weekly and daily higher timeframes acting as potential upside targets. But the big question is: how far could the pair retrace? 🤔 On the daily timeframe, we can clearly see a bullish imbalance that might serve as an internal range liquidity target for a pullback. This aligns with the market's natural behavior of seeking liquidity and rebalancing inefficiencies. 🔄
In this video, we dive into the trend 📊, market structure 🧩, and price action 🎯, discussing key factors like the imbalance and liquidity dynamics to keep in mind. Plus, we share a trade idea based on a specific set of rules on the 15-minute timeframe ⏱️.
⚠️ Not financial advice – this is for educational purposes only! 🚨
Bitcoin Overextended? Key Levels & 15-Min Chart Setup Revealed!📈 Bitcoin seems overextended right now. 🔑 In my opinion, it's testing key support levels. I'm watching for a retrace into the midpoint of the previous price swing for a potential short opportunity. 🎥 In the video, I break down key insights on the trend, market structure, and price action, and show exactly what I'm looking for on the 15-minute chart for an entry. 🚨 Not financial advice! 📉
Bitcoin BTC Breaking Structure? Key Levels & Trade Setup!👀 👉 In this video, we analyze Bitcoin (BTC) and its recent price action. The four-hour chart shows a bearish break of structure, and my short-term bias remains bearish. I'm waiting for a short entry, aiming for previous lows highlighted in the video. This is not financial advice.
XAUUSD Breakout or Pullback? Planning for My Next Move!👀 👉 XAUUSD is currently moving sideways within a range. I’m watching for a potential buying opportunity if it breaks above the range high or pulls back to a key support level. In the video, we discuss how price action might develop and what to watch for when identifying trade opportunities. Here, I’m sharing my trading plan and my approach to analyzing price action, market structure, and trends to spot potential setups. 🚨 Not financial advice.