Gold Long: Wave 3 of 5I believe we have completed wave 4 of 3 and is currently in wave 3 of 5. In fact, it should be wave 3 of 3 of 5.
The risk-reward is quite good over here. We are risking 20 points for 110 points of profits.
Good luck!
Fibonacci
Gold Long: Update on Elliott Wave CountsI suggest that we have seen wave 1 of 3 and wave 2 of 3 completion and is now going into a wave 3 of 3 that is expected to break out of the ascending triangle.
The stop loss is now adjusted to 3200 and the most conservative target gives us $3300 even though we are still aiming for >$3500.
Good luck!
Bitcoin Long: Wave 3 of 3 of 3; Target $148,000I've previously called to be neutral of Bitcoin after identifying a wave 5 up on 11th May. Now, I believe that it is once again time to long Bitcoin as I am expecting a wave 3 of 3 of 3 up.
The stop loss should be generous at $100,500 if you can afford it.
The price target if wave 3 = wave 1 is $130,000; The price target if wave 3 = 1.618x Wave 1 is $148,000.
Good luck!
ETHUSD Long: Start of Wave 3 UpAs I explained the wave counts for Ethereum, I believe that we have seen the end of a wave 2 correction and the next wave should be a wave 3 up.
I presented the breakdown of the down move using both Elliott Waves and Fibonacci extension.
As mentioned, the stop loss should be below wave C low or if you can stomach more risk, below the low of previous wave 4. The price target is >$3800.
Good luck!
How to Use Drawing Tools on TradingViewThis tutorial video discusses why and how traders use different types of trading tools, how to access the trading tools in Tradingview, and a few examples of how and why you might apply them.
Learn more about using Tradingview to trade futures with Optimus Futures:
optimusfutures.com
Disclaimer: There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary.
GBPUSD - Trend Continuation Trading Using Structure & Ice ZonesA technical walkthrough of a simple price action trading setup using structure. In this trade specifically we're looking for a bullish trend continuation trading opportunity that occurs after the violation of structure (and a head and shoulders pattern neckline) which also lines up with a current Ice Zone.
If you have any questions or comments about the trading opportunity, please leave them in the comments section below as well as any pairs or trading ideas that you'd like me to touch on in future videos.
Akil
USDJPY Short: Video WalkthroughHello, this is the video walkthrough on the USDJPY short idea that I posted 7 hours earlier. Price has since moved down so you would either scale in your short position, or do this on a smaller size based on your risk management. But definitely for this idea, the invalidation point, and thus the stop loss, will be if price moves above the wave Y high.
Good luck!
GBPUSD WEEKLY ANALYSIS After seeing the pair close bullish the prior week we could see the momentum continue to the upside but with a reversal pattern forming we will have to wait and see what the pair does
Bitcoin Neutral to Bullish: Completion of 5-wave structureIn this video, I break down the wave structure of Bitcoin and go through in detail the wave counts and where there are breakdowns in the wave structures. I also go through the bitcoin peak price for the most recent wave using 2 Fibonacci extension levels.
My outlook is that Bitcoin is going to go much further as this completion is likely to be a sub-wave 1 of cycle wave 5 instead of being the cycle wave 5 itself. I support this notion by referencing to Etherum where there was a false breakdown.
Gold short: A Video Walkthrough on AnalysisOver in this video, I went through live on how I analyze the Gold Chart (I did not prepare before hand). Here, I propose that Gold has further to to fall and set 3 different targets and how I derived the targets.
USDJPY: Detail Technical Analysis and USDJPY CharacteristicsIn this long video, I go through USD/JPY short idea in 2 parts:
Part 1: Detailed Technical Analysis and Elliott Waves
1. Head and shoulders - daily
2. Completion of Elliott Waves
3. Breaking down of A-B-C
4. Measurement rules on profit targets.
Part 2: USDJPY as a product (characteristics)
1. It's a flight-to-safety product similar to Gold
2. thus also a short equity markets product.
2. It is a short dollar product.
EURJPY BUYIn this video we can see that the pair closed really bullish last week breaking above key area of resistance on the daily and on the 4hr too, we could expect a continuation of that move to the upside with the confluences listed out in the video.
GBPUSD SELL After seeing the way last week closed we could expect the market to continue it push to the downside following how the previous week closed and the 4hr structure pushing to the downside on this pair
Bitcoin long: Expects Wave 5 Extension, Target $112,608I provide an update to the Bitcoin Elliott Wave primary wave counts. Here's a few things to note:
1. Primary Wave 3 = Primary Wave 1. Wave 3 is actually slightly longer than wave 1 but for the purpose of ascertaining whether it extends, we take the position that it did not.
2. Expects Primary Wave 5 extension of at least 1.618x of Primary Wave 1, giving us a target of $112,608.
3. Stop below Primary Wave 4, around $92,750.
Gold Short: Update to wave counts and H&SThis is an update to the Gold short idea that I posted yesterday. I showed how we can draw another head-and-shoulders and demonstrated how to use Fibonacci extensions set take profit targets.
GBPUSD ANALYSIS From the previous trading day we see that the market closed on bearish but looking at the big picture we can see that the pair is still in a bullish tend
EURJPY ANALYSISA quick breakdown into what to expect on eurjpy for the new trading day after seeing the daily candle close really bearish and the 4hr still pushing to the downside in terms of structure
EURJPY ANALYSISIn this video we see a break down of the pair coming into a new week after seeing last week close as a bullish engulfing and the structure on the 4hr showing HH and HL which is a confirmation of bullishness.
GBPUSD ANALYSIS In this video we see that the previous week was bullish and we could expect that momentum to continue seeing that the daily and 4hr timeframes all indicate that buyers are currently pushing the market
Nifty Analysis & Trade Plan for Friday, 25th AprilNifty Analysis & Trade Plan for Friday, 25th April
Nifty Analysis & Trade Plan for tomorrow, Thursday, 24th AprilNifty Analysis & Trade Plan for tomorrow, Thursday, 24th April
S&P500 Long then Short: Last Wave 5 of 5In this video, I updated the wave counts for S&P500 and expects a last wave 5 of 5 (thus the long). I uses 2 Fibonacci extensions to project the final target and chose the lower of the target as the TP.
Once the target is reached, then we look for a reversal signal before entering short. The target of the short will be the end of sub-wave 4 as illustrated.
Good luck!
