Very choppy price action, but it seems like XRP is preparing to sell off towards $0.55 as possibly its FIRST target. ⭕️LQ swipe at $0.73. ⭕️Selling Divergence At It's High. ⭕️CHOC, Indicated Bearish Structure. ⭕️EQ Lows At $0.46.
If you look left at the price action, you’ll see there was small liquidity sitting at $2,007. This has now been taken out, marking an OVEREXTENDED Wave V. Possible to still push a little higher on internal price action (smaller TF), but let’s wait for price to settle down on the external side. 2 Possible Scenario's On Next Play👇🏽 1. Gold drops from here & breaks...
Expecting 1 more downside correction on GBPJPY, before we see the FINAL impulse move to the upside. Expecting buyers to peak around $190-$194, before downtrend begins. ⭕️3 Sub-Wave Impulse Complete for Wave 5. ⭕️2 Sub-Waves (IV, V) Still Pending. ⭕️Selling Momentum Slowing Down.
Recommended to close out GBPJPY buy positions now, as Wave V zone has pretty much now been reached. Price will range for the remainder of 2023, before dropping in 2024📉 - 1,230 PIPS Profit Secured🎯 - Holding Period: 120 Days🎯 - Called LIVE For You All🎯
Seen some CRAZY, CRAZY price action tonight. A few hours into market open & Gold rocketed up 180 PIPS! Seems like sellers don’t have enough momentum to retrace price just yet, but either way it puts our Gold buy position into higher profits 🎉 You can check out the 'before' analysis below.
We're currently seeing an overextended Wave V, which is trapping early sellers & later buyers. What convinces me that we're at the top, or getting close to it is the choppy price action & consolidation phase we're currently witnessing. Is BTC ready to drop now, or will we see 1 last push up to liquidate all new buy & sell positions? Looking at 2 possible...
I’ve taken a small position here at a minor supply zone. I’m doing it as protection, just incase Gold drops heavy & doesn’t create a deep Wave B correction. Only a minor sell, major sell will be taken at Wave B.
Gold is doing 1 of the 2 options, as we anticipated on the previous analysis. We're seeing market in its consolidation phase, where price is ranging & creating an order block & supply zone. Next week should be followed by a break below this consolidation (end of Wave A), followed by a Wave B retest of the supply zone.
GBPJPY played out exactly how we outlined on our analysis. We called the top, followed by a bearish retracement towards $176.500. If you caught the top, you would have caught 730 PIPS towards our Wave IV target. Now towards the next target of $190 (Wave V)!
First update of the week - GBPJPY! Bullish momentum is slowing down, as we get near to the top. Institutional money managers are opening their sellers order, making GBPJPY go into a redistribution phase. We should see more & more sell orders being opened & the official downtrend start very soon, around January 2024. Which is just over a month & a half away😉
Gold Buy Position 1: Running 3,680 PIPS in Profit📈 Gold Buy Position 2: Running 3,600 PIPS in Profit📈 Gold Buy Position 3: Running 3,470 PIPS in Profit📈 Gold Buy Position 3: Running 3,470 PIPS in Profit📈 Gold Buy Position 4: Running 1,660 PIPS in Profit📈 Gold Sell Position 1: Running 600 PIPS in Profit📉 Gold Sell Position 2: Running 430 PIPS in Profit📉 We called...
Next bull run just around the corner‼️ For this next bull run, this is your chance to buy Gold at cheap prices & hold towards new ATH’s, if you haven’t bought already☝️
We've seen a lot of structures get broken to the downside yesterday, indicating a stronger sell off opportunity. If you look to the right, you'll see later on (few days) we expect Gold to come retest this zone for Wave B. In order for this to be a good Wave B retest zone, we expect 1 of the following 2👇🏽 1. Strong move down here, leaving imbalance which’ll be...
We've seen a lot of structures get broken to the downside today, indicating a stronger sell off opportunity. If you look to the right, you'll see later on (few days) we expect Gold to come retest this zone for Wave B. In order for this to be a good Wave B retest zone, we expect 1 of the following 2👇🏽 1. Strong move down here, leaving imbalance which can be filled...
Gold analysis still valid, we just experienced a much deeper retracement to the upside then expected. I’m still waiting for a strong move down (Wave A), then wait to enter on Wave B correction for a safe entry. Always sticking within the risk parameters for our Gold Fund investors🤝
Binance CEO Chanpeng Zhao has been forced to resign today for not carefully implementing anti-money laundering regulations. They have also been ordered to pay $4.3 billion in fines to the DOJ (Department of Justice), after months of investigation.
Market structure offering a possible short opportunity for BTC. High risk trade as market could still move higher. Use low risk. ⭕️5 Bullish Wave Complete. ⭕️LQ Sitting At Wave 4. ⭕️Overbought Market Conditions, Based On SEC ETF Rumours. ⭕️Binance Lawsuit Worrying Markets. ⭕️Break of Structure On 1H TF.
Last position closed at B/E as we saw the previous high get taken out. I have re-analysed the waves & changed on the charts. Expecting 1 more sub-wave to complete Wave 1 (Wave V). I will wait for an impulse move down (Wave A) & enter on Wave B correction as it’s the safest route.