spaceangel

spaceangel

Overview: I am providing an outlook on the GBP/JPY pair for the next 3months. Currently, the pair is in the Accumulation Phase. Current Phase: We are observing an ongoing Accumulation Phase, which is critical for identifying potential trading opportunities. This phase typically involves a period of consolidation where the market gathers strength before making...

spaceangel

Overview: I am providing an outlook on the GBP/JPY pair for the next 12 months. Currently, the pair is in the Accumulation Phase. Current Phase: We are observing an ongoing Accumulation Phase, which is critical for identifying potential trading opportunities. This phase typically involves a period of consolidation where the market gathers strength before making...

spaceangel

am currently bearish on the NASDAQ and am closely monitoring critical support levels that indicate the conclusion of Internal Wave 5. We anticipate a potential rally on the buy side, specifically in Internal Leg 4, which may take the form of patterns such as ABC, WXY, or Flat before a reversal and continuation of the primary downtrend. The current market...

spaceangel

I am currently bearish on the NASDAQ and am closely monitoring critical support levels that indicate the conclusion of Internal Wave 5. We anticipate a potential rally on the buy side, specifically in Internal Leg 4, which may take the form of patterns such as ABC, WXY, or Flat before a reversal and continuation of the primary downtrend. The current market...

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spaceangel

Based on current analysis, I am bullish on GBP/JPY. The existing templates remain valid, and I will be leveraging this opportunity next week through price action strategies. Further details will be provided in upcoming updates, focusing on the internal cycles across the 4-hour, 1-hour, and 15-minute timeframes.

spaceangel

Revised Analysis: EUR/GBP Market Outlook Shift: Bias Change: Transitioned from a bearish to a bullish outlook. The shift indicates a potential for a deeper correction to the upside, suggesting that previous bearish expectations may no longer apply. Counter-Trend Position: In a risk-off environment, this adjustment suggests a positioning against the prevailing...

spaceangel

Current Analysis: Correction Buy (ABC Pattern): We’re observing an ABC correction pattern. HTF Leg 1 has developed well, and we're about to complete Wave 3 in this leg, entering a markdown phase. Current Position: Leg C: We’re in Leg C of the ABC pattern, which should deliver an impulse move. However, internal indicators aren't fully confirming this setup...

spaceangel

End of Wave 5: Divergence Check: Verify Wave 5's completion with RSI or MACD divergence (price making new highs but indicators not). Look for reversal candlestick patterns like shooting stars or bearish engulfing at the highs. Adding to Position: Corrective Wave: Prepare for a potential corrective wave (ABC pattern or ending diagonal). Use tight stop-losses due...

spaceangel

Nasdaq Trading Update: Current Status: Sell Invalidated: The standard deviation hit for Nasdaq indicates that our sell position has been invalidated, validating our current pullback buy position. Price Action: The internal and external delivery structures, as well as price action, are respecting general rules and demonstrating strong, favorable patterns. The...

spaceangel

Nasdaq Trading Update: Current Analysis: Accumulation Phase: The Nasdaq is currently in Phase C of the accumulation phase. I am considering placing a buy stop order above the Last Point of Support (LPS) in this phase. Wave Structure: It appears that Wave 5 has developed, and the target for Leg 5 has been reached. We are likely seeing the end of a correction,...

spaceangel

XAU/USD Update: Current Stance: I am maintaining a bullish outlook on XAU/USD. The cycle template was updated yesterday, though I faced posting limits on TradingView. Market Structure: Accumulation Phase: The market seems to be at a pivotal point, suggesting that the accumulation phase has been successful. We appear to be on the verge of a new market...

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Current Focus: Correction and Internal Impulses: I am monitoring potential corrections within the current market structure, particularly looking for opportunities to buy based on internal impulses. As mentioned last week, the NASDAQ has shifted with MSB arrays, indicating a potential counter-trend scenario. Market Structure and Strategy: Potential Buy...

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USOIL Update: Weekend Analysis Revision: The weekend template for USOIL did not perform as anticipated. It appears that we may have just completed the Spring phase of the market cycle. Despite this, our overall bias remains bullish for the time being. Current Strategy: Buy Stops: I have set buy stop orders with half of the usual risk exposure, as indicated in...

spaceangel

AUD/USD Update: Analysis from Weekend: The AUD/USD pair is following our weekend analysis closely. Current fundamental indicators remain supportive, and overall market sentiment is favorable. The accumulation phase is proceeding as anticipated, with price action maintaining stability. Technical Outlook: We are nearing the onset of Wave 1 within the larger Wave 3...

spaceangel

GBP/JPY Update: Weekend Analysis: The GBP/JPY trade has progressed according to our expectations. The impulse moves are aligning perfectly with the anticipated patterns following the accumulation phase. Current Status: We are now in Leg 3 of the current structure. The market has been behaving as predicted, and we are approaching our target levels. Action Plan:...

spaceangel

I have revised my analysis of EUR/GBP and continue to seek buying opportunities. However, the market outlook has shifted, indicating a potential deeper correction to the upside. This adjustment suggests a counter-trend position in a risk-off environment.

spaceangel

Sentiment Update – July 27, 2024 Intra-Day Sentiment: 11% Bearish, 89% Bullish Daily Sentiment: 27% Bearish, 73% Bullish Overall Outlook: Favorable for Buying Upcoming Economic Events and Expected Impact on XAU (Gold): Monday, July 29, 2024, 04:30 PM (US) Dallas Fed Manufacturing Index: Anticipated PMI of 53.00 points. Expect a bullish effect on USD, leading to...

spaceangel

Sentiment Update – July 27, 2024 Intra-Day Sentiment: 31% Bearish, 69% Bullish Daily Sentiment: 23% Bearish, 77% Bullish Overall Outlook: Favorable for Buying Upcoming Economic Events and Expected Impact on NASDAQ (NAS): Monday, July 29, 2024, 04:30 PM (US) Dallas Fed Manufacturing Index: Expected PMI of 53.00 points. A bullish outlook for the USD suggests a...