Phils_Ocean

Phils_Ocean

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 Target is next strong horizontal resistance on daily chart Just for educational purpose. This is no investment advice. Learn how to trade on demo...

Phils_Ocean

GBPUSD 4H Chart - Price Action & Wave Analysis Market made higher highs, with clear Wave 3 Monthly double bottom and strong bullish candle Currently in Wave 4 with 5-Wave correction Retracement should end around 38% or in rare case 50% Fibonacci Wave 2 made deep correction to exactly 61% Fib, so shallow on wave 4 is expected Look for significant 1h or 4h...

Phils_Ocean

AUD/USD made nice 5-wave structure, which can be labelled as wave 1 New higher high has been made Currently in complex correction Waiting for impulsive end of correction around horizontal support Support lines up with 50% Fibonacci retracement Wait for 1h/4H price action signal to enter the market