Primary Context The chart displays a long-term structural analysis on the 12M (Yearly) timeframe, revealing a potential major market setup unfolding. Key areas of interest and decisive moves are clearly marked, showcasing a calculated roadmap for the pair's next moves. Key Observations The highlighted purple triangle illustrates an expanding structure with...
A Look at the Bigger Picture The GBPAUD pair is presenting a fascinating long-term structure, characterized by clear phases of liquidity hunts and trend shifts. Here's an in-depth breakdown: Key Zones and Observations: Historical Expansion Price has demonstrated a multi-decade bullish structure, with clear wave movements leading into critical highs. The pair...
GBPCAD appears to be following a clear structure with identifiable waves and liquidity points. Based on the long-term projection, the pair seems to be progressing through corrective and impulsive waves, targeting significant levels. The chart suggests the possibility of a broader accumulation phase that leads to a strong move toward liquidity zones before a...
Key Levels to Watch Primary Bullish Targets (Wave 5 Upside Goals): 584.86 – Inducement Wave 3: The next major resistance zone to watch as GBP/JPY climbs toward the Wave 5 extension. Traders could take partial profits here or use this level to monitor bullish strength. 676.53 – Wave 5 Extension (1.618 Fibonacci): This represents the main target for Wave 5. Price...
Narrative Overview USD/ZAR is pushing higher into a critical Wave 5 expansion. The pair is now heading toward significant Fibonacci resistance levels with momentum on its side. Traders should focus on opportunities to position for Wave 5 completion, while watching key invalidation points to manage risk. Key Levels to Trade the Wave 5 Upside Immediate Targets for...
Key Levels Resistance: 1.60990 - Potential Wave 3 peak. 4.40000 - Historical resistance level from Wave (B). Support: 0.70668 - Accumulation Phase support in Phase A. 1.11110 - Bullish Order Block (12M) and major pivot level. Entry Plan Primary Entry: Place limit buys around 1.11110, aligning with the Bullish OB support zone. Additional accumulation within the...
Key Structure Levels: Current Price Zone: 1.4699 Major Resistance Levels: 2.17757 (1.236 Extension - Volume Divergence by Wave 5): Key target for Wave 5 progression. 2.55985 (1.618 Extension - Diagonal Wave 5): Long-term supercycle target. 1.61850 (Inducement Wave 3): Potential reversal or short-term target. Major Support Levels: 1.20068 (Swing Low - Wave 2): Key...
Trading Idea Breakdown for USD/JPY (12M Timeframe) Key Structure Levels: Current Price Zone: 147.67 Major Resistance Levels: 358.44 (Wave 5 Target/Range High): This represents the completion of the supercycle. 179.22 (12M Resistance Line): Significant midpoint equilibrium. 161.99 (Discount Zone - Wave 3-4 Pullback): Zone to watch for price re-accumulation. Major...
EUR/GBP Analysis Breakdown 1️⃣ Key Structure Zones Premium Zone (Above Equilibrium): Price is currently testing the premium zone as marked by the 0.5 Equilibrium Level. Significant resistance zones: 0.84473 (Potential Wave 3 completion) and 0.84554 (1.618 Fibonacci projection). The region also aligns with possible liquidity grab zones (Buy Side BSL) where...
USD/CHF has been trading in a critical zone, with signs of potential distribution emerging. The Wyckoff structure on this chart highlights key phases—will we see a breakdown, or could this turn into a fakeout and rally 🚩 Key Levels to Watch: Resistance at 0.8956 (potential UTAD) Support near 0.8845 (SOW confirmation zone) 🔥 This week’s focus: Waiting for price...
1. Overview of Market Structure and Key Phases Phase A: Establishing the Range Selling Climax (SC): Defined at 20,254.0, marking the exhaustion of selling pressure. Automatic Rally (AR): Price rebounds from SC to approximately 20,650.5, indicating short-term bullish demand. Secondary Test (ST): Price revisits near the SC zone to confirm support. ST is evident just...
Here is a detailed breakdown and trading plan for the NASDAQ 100 (NAS100) based on the provided chart analysis, using the same structured format for clarity. NASDAQ 100 (NAS100) Market Breakdown & Trading Plan 1. Market Context and Structure Phase and Current Movement: Left Chart (1H): NAS100 is in Wave 4 of a larger Elliott Wave sequence, moving within a...
Trend Overview: NAS100 has recently completed Wave 5 of a higher-degree impulsive structure, indicating a potential trend reversal or a corrective move is imminent. This is consistent with Elliott Wave Theory, where after a 5-wave move, the market typically retraces in a corrective 3-wave pattern (ABC). Key Structural Observations: Wave 5 Characteristics: Sharp...
Key Observations Current Strong High & Invalidation Point (70.34): Marked as Wave 0 and serves as the critical level for invalidating any bearish outlook. If this level is breached, it may signal the continuation of the bullish trend. Primary Distribution Structure: The chart is showcasing Wyckoff Distribution with the following features: Preliminary Supply...
Current Market Structure Overview Key Swing Highs & Lows: The price has formed a weak high around the 21,245.7 level, which indicates potential liquidity above this zone. The recent low at 20,309.1 is protected, suggesting that the market may seek support in this area if downward momentum prevails. Consolidation Phase: The price is currently in a balanced range,...
Bitcoin is approaching a critical level after breaking $103k, but is this a genuine rally or just an inducement? With liquidity resting below $86,850, traders should watch for potential traps. Here's a breakdown of the potential moves heading into the week. With institutional interest increasing and ongoing discussions about ETF approvals, Bitcoin’s price action...
Detailed Breakdown of DXY Chart 1️⃣ Context & Market Narrative The chart suggests a pivotal moment with a potential reversal or continuation of the current trend. 108.071 acts as a significant level, where price is showing signs of exhaustion. 106.77 emerges as a critical support zone, with strong buying activity in this area. 2️⃣ Key Observations The price has...
1. Current Market Context Phase and Structure Left Chart (1H): Price is currently in Wave 4 of a larger structure, moving within a corrective phase. Wave 5 is expected to complete the bullish push, potentially reaching 2,680.70 or slightly higher, before a Thursday/Friday correction into a bearish weekly close. Right Chart (4H): Price recently completed a Phase...