Phils_Ocean

Phils_Ocean

After completing the correction around the 61% Fibonacci level, market made its first impulse to the upside Currently in corrective mode, but the fast move to the upside should continue really soon This will be a fast one, as we are in Wave 3 of Wave 3 Have a look at my EURUSD Analysis to see the consequences of the dollar devaluation

Phils_Ocean

EURUSD just finished its Wave 2 at the 50% Fibonacci We got a ABC Correction with an extended Wave C to 1.41 Fib Extension From here we should see a rally to new highs with Wave 3 Have a look at my last analysis of EURUSD for a more long term picture. Please leave a comment if you would like to receive an video about my Wave analysis.

Phils_Ocean

Give me a like and follow for further powerful Elliott wave Analysis. On Wednesday EURUSD finished it's first 5-waved impulsive move to the upside at ca. 1.11150 We are currently in Wave 3 of the bigger picture and wait for a retracement (wave 2) to add to our position for Wave 3 of Wave 3 Correction could end tomorrow with USD news before continuing to...

Phils_Ocean

Chart looks pretty clean, correction should end around horizontal support and channel downside lines up with fib lvl

Phils_Ocean Updated 

Have a look at my last analysis of EURUSD from last Friday Price made a Fake Breakout to the downside and afterwards its first impulsive move to the upside This Monday morning in London session it corrected to 50% Fib level, where our entry was made Perfekt 1H Pinbar was formed at 50% Fib level and fake breakout below trendline was quickly bought. ...

Phils_Ocean Updated 

EURUSD made a fake breakout below last horizontal support Price touched lower trendline for 3. Touch Entry was made on 5min Chart, already on BE Have a look at the chart below for exact entry This is for educational purpose only. This is no investment advice. Trade with demo account first before risking your own money.

Phils_Ocean

Gold is in a complexe correction, just like USDJPY One last push to the downside is expected to strong support There we should see a strong price action signal combined with RSI divergence We then will see a rally to new daily highs around 1620-1650 This is for educational purpose only. This is no investment advice. Trade with demo account first before...

Phils_Ocean

USDJPY is in a complexe correction. Market moved higher with decreasing volume and is overbought on daily and weekly Chart Smart Money is patiently waiting for the last high before the huge fall will take place WXY Correction is nearly done, we should see one last high next week to around 110.000 - 110.200 Trade will be placed IF a significant price action...

Phils_Ocean Updated 

EURGBP sits currently at Channel trendline around 0.85300 with acts as strong support Last week we got first move to the upside with set new highs on 1h/4H Yesterday market corrected strongly in 5-Wave manner to 89% Fib Level We have an engulfing pattern on 12H chart with retest of falling inner trendline Price already moved 40 pips to the upside since this...

Phils_Ocean

GBP/USD made nice higher Highs and bullish engulfing on monthly chart Currently in ABC correction with wave C to complete Wave C should at least correct to 38% Fib Level, but deeper correction is more likely We have multiple support at around 1.26 Rising Trendline Falling Channel/TL Retest Horizontal Support 50% Fibonacci Level We are currently short...

Phils_Ocean

Market made a new daily high which hat clearly 5 Waves and was marked as Wave 1 Then we got a complex WXY correction to exactly the 61,8% Fibonacci level Price got rejected and formed a 5 Wave move to the upside, with wave 5 only slightly breaking the high Follow by an Wave A, overshooting Wave B and Wave C, which corrected in 5 Waves. We now got a 1h...

Phils_Ocean

Market made a classic fake breakout / fakeout to the downside and was bought quickly 1h Pinbar was formed and RSI divergence occurred Previous analysis from 17/11/2019: EURGBP made nice 5 wave move to the downside currently sitting around horizontal support price under falling TL and right at rising longterm TL &Falling wedge formation Looking for...

Phils_Ocean

This is a Multi-Timeframe Analysis, for the other mentioned timeframes have a look at the screenshots below! GBPAUD is since 3 years in corrective sideways pattern Currently sitting at the 50% retracement of the last massive 5-wave move to the downside. the whole move to the upside is not impulsive and likely to break to the downside Today we had RSI...

Phils_Ocean

EURGBP made nice 5 wave move to the downside currently sitting around horizontal support price under falling TL and right at rising longterm TL &Falling wedge formation Looking for catching a bigger retracement to at least 38% Fib Look for significant Price action and RSI divergence on lower timeframe and 4H Could lead to bigger turn, we'll see Have...

Phils_Ocean

GBPUSD is currently not in an impulsive phase. Compared to AUDUSD or EURUSD, GBP still needs one more move to the downside I think Wave X just finished and we'll see the finishing wave z This wave could end around 38% Fib retracement or extend to 50% Retracement Even an overextension to 61% is possible, but highly unlikely As always be patient, watch the...

Phils_Ocean

Market moved to the upside on Friday, after in made a nice Fakeout below bullish mother bar. See my last analysis to get better understanding on how to trade the market. Now we'll wait, just set SL according to market conditions and look for other opportunities. Market made higher highs and higher lows Large ABC correction with flat wave B and extended...

Phils_Ocean

Not much has changed since my last analysis. Market made nice move to upside on Friday so no bearish weekly candle was formed. Market made 5-Wave move to the upside after double bottom on weekly chart Looks like the correction of wave 2 has ended and bigger wave 3 is about to start Market landed on the pip at 61,8% Fib level, small SL Trade already on...

Phils_Ocean

Market made higher highs and higher lows Large ABC correction with flat wave B and extended wave C Nice fakeout made at last low and 61% Fib level & Weekly inside bar fake breakout! Bullish engulfing 4H price action pattern