spaceangel

spaceangel

Sentiment Analysis (July 27, 2024): Intraday Sentiment: 48% bearish, 52% bullish Daily Sentiment: 50% bearish, 50% bullish Overall Sentiment: The sentiment is neutral, but with a slight tilt towards buying. Upcoming Economic Events and Trading Recommendations: Monday, July 29, 2024 04:30 PM ET - United States Dallas Fed Manufacturing Index Expectation: PMI...

spaceangel

I am planning to increase my buy positions within 50% of the current range that has recently formed. I anticipate a potential breakout to the upside and a subsequent markup phase, making additional buys more sensible under the current conditions. Alternatively, if you prefer a swing trading approach, it may be prudent to wait for a more definitive sell...

spaceangel

"I have revised my bias on EUR/GBP from a short-term perspective. I am no longer anticipating bearish price action; instead, we are likely entering a correction phase with potential for upside movement. While this presents a trading opportunity, the delivery may be inconsistent, thus increasing the risk. Currently, accumulation is in play, and I have already...

spaceangel

Update on Gold: I entered a buy position during the New York session at 7 PM yesterday. My focus is on acquiring leg 2 from the internal cycle, with the limit set by the point of control. Given that Fridays often exhibit reversal patterns, this aligns with our technical analysis and timing. The confluence of harmonics and the re-accumulation schematic supports...

spaceangel

I am currently monitoring GBP/JPY for potential bullish setup conditions. Based on ongoing analysis, it appears we are nearing the conclusion of a WXY correction phase, which could mark a pivotal turning point. Pending confirmation of the WXY pattern, there is potential anticipation of new highs. I plan to enter a buy stop order as indicated in the image...

spaceangel

UPDATE TAKING PARTIAL SIGNAL WAS GIVEN YESTERDAY BTCUSD on the 1-hour timeframe as of July 24, 2024 shows a clear redistribution phase indicating the end of wave 1 in the higher timeframe structure. The harmonic pattern confirms a bearish bias as a counter-trend move before potential correction of wave 1 to generate liquidity for higher levels. Buying at present...

spaceangel Updated 

It is evident that the bullish long-term cycle has nearly concluded, making long-term buying strategies impractical at this stage. The impulse cycle for leg 5 within leg 5 on the daily timeframe is nearing completion, pending confirmation with standard deviations and a definitive UTAD setup. Currently, we are in phase B. The target for the current buy option is...

spaceangel

Internally, we have likely completed leg 1 towards the downside, with the current distribution schematic marking a structural shift. Selling Nasdaq around 20400 is considered optimal trade entery supported by the value area high. Without forming leg 2, long-term selling perspectives face challenges under current conditions. Consequently, selling at present is a...

spaceangel

Unfortunately, I believe the overall Nasdaq cycle has concluded, signaling an imminent deep correction on a quarterly basis. Standard deviations in time and price have been breached, alongside key economic events shaping the next four years' trade opportunities. Internally, we have likely completed leg 1 towards the downside, with the current distribution...

spaceangel

It is evident that the bullish long-term cycle has nearly concluded, making long-term buying strategies impractical at this stage. The impulse cycle for leg 5 within leg 5 on the daily timeframe is nearing completion, pending confirmation with standard deviations and a definitive UTAD setup. Currently, we are in phase B. The target for the current buy option is...

spaceangel

Based on the current XAUUSD data, it is evident that the bullish long-term cycle has concluded, rendering long-term buying strategies impractical at this stage. The impulse cycle for leg 5 within leg 1 on the quarterly timeframe has completed, supported by standard deviations and a clear distribution phase. Additionally, upcoming economic events related to the US...

spaceangel

Unfortunately, I believe the overall Nasdaq cycle has concluded, signaling an imminent deep correction on a quarterly basis. Standard deviations in time and price have been breached, alongside key economic events shaping the next four years' trade opportunities. Internally, we have likely completed leg 1 towards the downside, with the current distribution...

spaceangel

Update on XAUUSD: Target hit with 20RR secured; 50% position still open. Currently observing unclear price action suggesting a potential downside correction, making short positions risky. Adopting a wait-and-see approach as volatility (FVG model) indicates a countertrend scenario. On higher timeframes, liquidity generation and range manipulation are critical....

spaceangel

Based on current data, BTCUSD on the 1-hour timeframe as of July 24, 2024 shows a clear redistribution phase indicating the end of wave 1 in the higher timeframe structure. The harmonic pattern confirms a bearish bias as a counter-trend move before potential correction of wave 1 to generate liquidity for higher levels. Buying at present carries risk as a...

spaceangel

I am currently monitoring GBP/JPY for potential bullish setup conditions. Based on ongoing analysis, it appears we are nearing the conclusion of a WXY correction phase, which could mark a pivotal turning point. Pending confirmation of the WXY pattern, there is potential anticipation of new highs. I plan to enter a buy stop order as indicated in the image...

spaceangel Updated 

"I am currently monitoring GBP/JPY for potential bullish setup conditions. Based on ongoing analysis, it appears we are nearing the conclusion of a WXY correction phase, which could mark a pivotal turning point. Pending confirmation of the WXY pattern, there is potential anticipation of new highs. I plan to enter a buy stop order as indicated in the image...

spaceangel

As anticipated, gold is advancing upwards, and our current position offers a risk-to-reward ratio of 1:13. I am awaiting the New York open to potentially scale in additional buy positions if favorable opportunities arise. The trading template remains valid with multiple converging factors supporting our strategy. Currently, I do not identify high probability...

spaceangel

As discussed over the weekend, I maintain a bearish bias on EUR/GBP, driven by both fundamental and technical analyses that point towards a continuation of downward momentum. This sentiment is bolstered by the prevailing strength observed in the Pound. The established trading framework remains robust, with multiple confirmatory signals already validated. Entry...