Phils_Ocean

Phils_Ocean

GBPAUD is currently in a correction after the last 900 pips fall. Price sits at the 61% Fibonacci level, but has not yet rejected the level. To participate in the next fall with over 1000 pips you have to be patient. Price could make one last push to the upside before finishing wave B. We will look for some nice significant price action and a trend change of the...

Phils_Ocean

EURGRP found support after finishing wave 5 of wave C. Price made a nice 4H pinbar buy signal at the 61% Fibonacci level. After the 5 wave impulse to the upside and the ABC correction, we should now see new daily highs.

Phils_Ocean

GBPJPY moved pretty corrective for the last weeks forming Wave B. This is typical for this correction pattern. We now got: Sell Pinbar at key resistance 50% Fibonacci retracement of Wave A Break of rising trendline After the rapid movement of wave A and the corrective retest of wave B, we should now see a pretty fast 5-waved move to the downside. This...

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AUDUSD had a nice breakout this night. News create volatility, but the direction is long given. Price broke through the falling trendline after finding Support at the rising TL Ending diagonal finished of wave C, finishing of wave 2 Wave 3 should take place now and rech new daily highs Price could move pretty rapidly without any major corrections, typical...

Phils_Ocean Updated 

GBPUSD is forming an bullish trend on 4H timeframe. Price is making higher highs and higher lows. After the impressive 5 motive waves, we are now in the larger correction of wave 2. Wave A was a pretty sharp drop of 600 pips. Price is now forming Wave C of wave B. We should reach the upper limit of the channel which lines up with the 100% Fibonacci...

Phils_Ocean

EURUSD is moving in a bigger wedge formation and reached lower rising support. Price dropped in 5 Waves from the top of the structure. And the fifth wave was also made out of 5 waves. We have a nice RSI divergence between wave 3 & wave 5 on the 1H chart. Price is forming buy signals: Pinbar candlestick on 1H Morning star pattern on 4H Double Bar...

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CHFJPY is at an interesting point right now. Like most of the Yen Pairs it is at the top of the outer structure and a nice move to the downside will happen next. We discussed CHFJPY last week with the same outlook: Since then we finally finished Wave 5 and got a classic fake breakout aka Fakeout. The channel was broken to the upside with a last push of...

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NZDJPY like pretty much all the Yen pairs is showing us a sell signal. Price is still in correction mode after rallying +450 pips with wave 3. The first push to the downside was labelled as wave A, followed by a Wave B. We now have: Price Action sell signal on 1H TF with RSI divergence Daily tweezer top candlestick pattern, an exhaustion pattern which...

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GBPUSD is still on track with last analysis: Wave B was retracing to 61% fibonacci level We are currently in Wave C to the downside Wave C and therefore wave 2 could correct very deeply, if an extension of wave c happens First target is the 50% lvl, which is +250 pips away Price should drop pretty easily there before any major upside is possible. I...

Phils_Ocean

Price formed a sell signal around the recent high. This last wave can be counted as a wave B and we should now see a impulsive wave C to the downside. First TP: +350 pips

Phils_Ocean Updated 

EURJPY finally showed its hand with the last daily close. Price formed a sell signal after stalling around the recent high. This last wave can be counted as a wave B and we should now see a impulsive wave C to the downside. In my opinion wave 1 is finished and some kind of sideways correction could take place. This would be some kind of flag/wedge pattern and...

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The weekly momentum is finally kicking in. After the fake breakout on the weekly TF we had a retracement the whole week. Long term perspective: We now got: Retracement to 61% fibonacci level 5-Wave structure to support RSI-Divergence on 1H Oversold indicators on 4H Price action candlestick signal at support

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EURJPY is like all the YEN pairs at an interesting point. Follow me to receive future updates with detailed Elliott wave analysis. EURJPY made higher highs and higher lows over the last months and weeks and formed a 5-waved motive wave After this significant move to the upside we got a ABC correction, which is a bigger wave A At the moment we are at the end...

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CHFJPY is like all the YEN pairs at an interesting point. Have a look at my detailed Elliott wave analysis. Macros suggest a demand for JPY as the indices (Nasdaq, Dax, ect.) are about to turn south and the Japanese will take profit which they are going to convert into Yen. The JPY is also a security currency and risk-on will attract the flows. We now have a...

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Gold made an interesting move last week and showed its hand. Have a look at my Elliott wave analysis: The last weeks we had another impulse to the upside after a long and complex correction This was the fifth and is labelled as Wave 5 As you can see Wave 5 = Wave 1 (100%) We reached to liquidity area and the upside of the channel A nice Pinbar Sell signal...

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The weekly close is near and an interesting pattern formed. Have a close look at the weekly chart to see the power of this pattern. We now have: Outside mother bar, No close out of the box Classic fake breakout Wave 5 finished on Daily/4H timeframe Market was sold off, but quickly recovered and closed inside the box. This indicates, that the selloff was...

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NAS100 made strong movement today with a lot of volatility due to news. Price sits currently at the top of the structure and the third touch of the outer trendline was made. We have a nice clear 1H sell signal with RSI divergence across last three highs. This may not be the final top before the inevitable fall comes, but a quick trade with some nice potential....

Phils_Ocean

AUDNZD is in its final move to the downside. Have a look at my wave count: Market finished Wave 4 which is a classic triangle pattern Price broke through support with its final Wave 5 to form bottom we are getting a nice RSI divergence across higher timeframes Market sits currently at long-term trendline 4H double bar candlestick pattern was formed,...