Phils_Ocean

Phils_Ocean

GBPUSD made an impressive 5-Waved move to the upside. Since then we got a big sell of 600 pips which also happened in 5 waves. This wave can either be labelled wave A or Wave 1. We have to wait to see how the market develops. Currently we are at the end of wave 2/B and are about to start wave 3/C. We already got a nice entry at the 61,8% Fibonacci level which...

Phils_Ocean Updated 

NZDUSD made a strong move to the upside over the last sessions. Have a look at the price from Elliott wave perspective We had the first motive Wave which consisted of 5 waves. Wave 2 of the bigger picture made a correction to the 50% Fibonacci level since the middle of November we were in a bigger wave 3, price marking constantly new highs without major...

Phils_Ocean

Price is still under falling trendline and forming a triangle/wedge pattern. So far no breakout above the resistance occurred and we are patiently watching. Triangle & Wedge pattern are typical forms of a Wave 4 correction RSI was in the extremes, what is typical for a Wave 3 A final push to the support is likely to occur This final wave 5 would also most...

Phils_Ocean

We are tracking the moves of AUDUSD since some weeks now. Have a look at the previous analysis to see the power of Wave pattern. Price is going strong in predicted waves We are at the end of minor wave 3 in the extended wave 3 (turquoise) Wave 4 should start really soon Correction of Wave 4 should be shallow, because wave 2 made deep correction We then...

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NAS100 made its move to the upside and touched the upper trendline of the channel. The 5-Waves are finished and a bigger correction should occur 1H Pinbar Sell Signal - Price action formed RSI Divergence at the end of wave 5 Market opened with a gap which could lead to a daily island reversal candlestick pattern! Good R:R with short position. We...

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The indices have been rising for several years now and I think we are not finished yet for the bigger picture to fall. But on a daily timeframe we covered a lot of ground the last weeks without any major correction. The indicators are overbought and sitting in the extremes. On the lower timeframe we are also overbought and first signs of a trend change show...

Phils_Ocean

GBP made some really interesting moves the last two weeks. Anybody who is familiar with the Elliott wave Theory was expecting the final push to the upside. We now have finished the 5-Wave structure to the upside, which took place since September. The Brexit is pretty clear right now and UK will face some macroeconomic difficulties. From the technical perspective...

Phils_Ocean

We finally got some movement on this pair. Have a look at my weekly Analysis to get a grasp of the bigger Picture: Price was sitting on the rising trendline and the 78% Fibonacci level Weekly and Daily indicators are strongly oversold. In the last hours we got a classic fake breakout with the NZD News. Price should rise from here strongly over the...

Phils_Ocean

AUDUSD is constantly making higher highs and higher lows The uptrend can nicely counted with the Elliott Wave Theory After we finished the bigger wave 2 we got some nice strong impulsive moves to the upside Have a look at my Analysis below how we traded this pair Market found Support at the rising trendline and is strongly advancing towards the recent...

Phils_Ocean

AUDUSD is currently at a decision point. Market made a higher high with the bigger Wave 2 (Red) Followed by higher highs and higher lows in the ongoing wave 3. The descending trendline was broken to the upside in impulsive fashion Price currently sits at the retest of this long term TL which lines up with 38% Fib lvl So right now everything indicates a...

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Gold is still in a complex correction with one impulsive move to the upside still outstanding. Market corrects in a classic WXY Wedge/Flag pattern with no clear direction yet given. Price most definitely needs to make one more push to the downside before the major impulse to the upside occurs.

Phils_Ocean

AUDNZD completed the selloff of the multiyear 5-Wave to the downside. Market is currently oversold on weekly and daily chart with support coming from technical as well as from fundamental site. The AUD is going to gain a lot of strength over the coming weeks and months. So keep your eyes open for long trades as we will get a strong move to the upside. Price hit...

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Elliott Wave is a powerful tool and predicted the move correctly! Follow us to receive future updates! Market made its ABC Correction with no Close under the 50% Fibonacci Level We then got a bit of messy upside price action, which is typical for the start of a Wave 1 The Long trend continued and we got a good push to the upside as Wave 3 started The move...

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Previous Wave Analysis hit again! Follow and like to get future updates! Have a look at my last Analysis to see the predicted move! AUDUSD corrected in an classic ABC correction to 50% Fibonacci NO Close under 50% Level on 4H chart Wave 3 took place and a lot of pips were gained Position was entered on 15min Pinbar with SL of 10 pips! The move...

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GBPCAD is at the end of a move! Market conditions line perfectly up with upcoming News. Volatility is expexted! Market made significant 5-Wave impulsive move to the upside Currently we finished Wave 5 of the upside movement which took place for the last months Market made a 5-Wave move in the channel Yesterday it made an attempt to break above the recent...

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Market dropped significantly and reached to outside of the structure RSI is heavily oversold while price sits at 61% Fibonacci level Some kind of upside movement will happen, because the price needs a rebound Have a look at my EURUSD Idea to see the EUR strength. This is for educational purpose only. No Investment advice. Trade with demo account...

Phils_Ocean

GBP News will dominate this Week! Expect a lot of volatility due to political decisions. Price broke out after moving sideways for over one month (wave 4) The frist impulsive move was 5-waved labelled as orange wave (i) We then got an extended wave 3 which touched to lower side of resistance. Also RSI and stochastic market massively overbought which is...

Phils_Ocean

Market is currently in corrective mode after big upside move We are slowly grinding towards support with weekly stochastic getting oversold Price still needs to go down a bit further before next buy position is possible We are waiting for significant price action and lower timeframe trend change Important news are coming which often act as a good...