Buysetup
GoldViewFX - MARKET UPDATEHey Everyone,
Quick update to close off the week.
What a fantastic finish to the week closing off today with hitting both our TARGETS at 1905 and 1915. Market closed with retracement down to MA21 on the 4h chart, which is a nice reset to start the week on market open.
1884 has formed a nice level of support and should provide support for another push up.
We will come back on Sunday with a full multi timeframe market review to plan for the month ahead.
Please don't forget to like our post, we really appreciate the support and it helps us bring more content to you all.
GoldViewFX
XAUUSD TOP AUTHOR
$ENSV entry PTs 1.85-2.70 Next Target PTs 10-13-22 and higherEnservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. It offers frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company owns and operates a fleet of approximately 338 specialized trucks, trailers, frac tanks, and other well-site related equipment. It operates in the eastern United States region comprising the southern region of the Marcellus Shale formation and the Utica Shale formation in eastern Ohio; Rocky Mountain region consisting of western Colorado and southern Wyoming, central Wyoming, western North Dakota, and eastern Montana; and the Central United States region, including Eagle Ford Shale and Permian Basin in Texas. Enservco Corporation was incorporated in 1980 and is headquartered in Longmont, Colorado.
$HUSA entry PT 3-3.70 Next Target PT 35 and higherHouston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2020, the company owned interests in four gross wells. Houston American Energy Corp. was incorporated in 2001 and is based in Houston, Texas.
$ADM offering a pull-back recovery entry?Notes:
* Great earnings record in the past 2 years
* Very strong up trend in all time frames
* Offering a potential pull-back recovery entry
* Recovering with well above average volume
Technicals:
* Sector: Consumer Defensive - Farm Products
* Relative Strength vs. Sector: 4.42
* Relative Strength vs. SP500: 8.38
* U/D Ratio: 1.62
* Base Depth: 14.79%
* Distance from breakout buy point: 0.45%
* Volume 73.23% above its 15 day average.
Trade Idea:
* You can enter now as the price is recovering from the pull-back with higher than average volume.
* If you're looking for a better entry you can look for an opportunity around $93.5
* Or even $92.1 given the current market conditions
* Manage risk accordingly
$CHD breaking out of a ~4month cup and handle!Notes:
* Excellent earnings record
* Very strong up trend in the long term
* Breaking out of a ~4 month base
* Formed a larger cup with high handle on the monthly time frame
* Broke out with higher than average volume before earnings
Technicals:
* Sector: Consumer Defensive - Household & Personal Products
* Relative Strength vs. Sector: 1.3
* Relative Strength vs. SP500: 2.47
* U/D Ratio: 1.3
* Base Depth: 9.52%
* Distance from breakout buy point: 0.05%
* Volume 61.09% above its 15 day average.
Trade Idea:
* You can enter now as the price is extremely close to the breakout level
* If you're looking for a better entry you can look for an opportunity around $103.37
* Or due to the current market conditions $103 is also possible
* Manage risk accordingly
GoldViewFX - 1H & 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone,
Being patient while price worked its way down, paid off. We avoided getting stuck while we completed the bull run with all targets HIT, without getting stuck using our strategy. We took sniper entries with safe exits and today we started to take sells with our Sell signal HITTING TP.
The 4H chart GOLDTURNS have been updated and we can see we have a EMA5 break and close below 1896 opening TARGET to 1881 (complete) and 1869 with a retracement range of 1914.
Please see 1H CHART below with updated lower GOLDTURN levels. We have broken out of two ranges and EMA5 has also crossed and locked below 1888 opening the lower levels of 1885 and 1877. We still have a retracement range of 1907 and 1917. A retest and failure on these two resistance levels will give us more confidence in adding to our SELL targets.
We are trading small LOTs to avoid getting stuck as the upper range is still in view and we have some retracement due when the steam runs out. This is where we need to be careful, as BULLISH retracements can easily gain momentum when the Bulls make a run.
As always we will keep you all updated with and changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
LONDON LONGS GOLD SETUPIm currently long on gold this late night before nyc starts due to this nice set up asian session range created dipping below a order block low inside a demand zone created at a prev daily level. price tested the demand zone and broke strucure leaving the clue for this set up once it came and attacke the sell stops resting below prev nyc lows. I also noticed a fair value gap created after the low was breached showing bull volume and a market shift. Im expecting for price to hit the bos high created at the prev daily close and attack prev daily high for london session liquidity grab before nyc session. if price sells off and breaks demand level again then this idea is no longer valid. my target is tues and mondays high, i will be trailing profit once first poi is hit. thanks for watching
GoldViewFX - MARKET UPDATE Hey Everyone,
Quick update from yesterdays post. Not much change in analysis, as we had some tight movement sideways.
We were able to take some buys from 1894 up to 1907.
As long as 1888 stays intact for now we expect price to steadily move back up to 1917 for a challenge. A failure to break above 1917 will confirm further movement down to challenge 1888. A break above 1917 will open targets back up to 1921, 1926, 1932, 1937 and back up to 1945. A break below 1888 will open the lower levels, which we will update and share soon as we see this break with EMA5 cross and lock.
As always we will keep you all updated with any changes to our plans. Please don't forget to like, comment and follow to support us. We really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
RIOT Calls *Not Financial Advice* *All Speculation*Looking to buy Call options for RIOT. Depending on how BTC reacts to 38000 resistance level will be the determing factor to if I buy these call options. If we see a break at 38000 then RIOT will more then likely trade down to $10 a share, this is where im looking to buy in. However if we see a reversal at 38000 then RIOT will likely trade into 11.5-12 zone. If we dont see a reversal at 38000 then im speculating market will retest at 36000. The exact play im looking at is a RIOT 11.5 Call Expiring May 6. Entry zone is $10 area and Exit Zone is 11.5-12 area.
QQQ Calls ??? 4/26 - 4/29 Analysis Looking for QQQ to bounce of 318 and retest this restistance. If I see a reversal at 318 I will be buying call options that expire 4/29. If this goes how I predict then I will be looking to sell my option contracts in the 324-327 Zone before the contracts expire. Depending on how QQQ reacts to 322 resistance will determine my exit.
$DOW breaking out of a ~13 month base. Can it go higher?Notes/Thoughts:
* Great earnings record
* Strong up trend
* Breaking out of a ~13 month base with higher than average volume
* Recently used historical highs of $65.56 as support
* Last bullish hammer indicating tonnes of demand below $67.49
* Extremely close to the broken resistance of $67.49 offering a great risk/reward
Technicals:
* Sector: Basic Materials - Chemicals
* Relative Strength vs. Sector: 9.19
* Relative Strength vs. SP500: 8.08
* U/D Ratio: 1.2
* Base Depth: 29.46%
* Distance from breakout buy point: 0.86%
* Volume 46.06% above its 15 day average.
Trade Idea:
* You can enter now as the price is really close to the broken base resistance
* Manage risk accordingly
* If you're looking for a slightly better entry you may wait for the price to pull back to $67.49
* Due to the nature of this choppy market I've reduced my stop and targets accordingly.
$WLK ready to head higher?Notes/Thoughts:
* Strong earnings in the recent quarters
* Strong up trend in the longer time frames
* Broke out of its base and started to move higher but due to recent market conditions it pulled back and is now showing signs of continuation
* Close to the pullback recovery area of $127.11
* Recently tested historical all-time-highs of $114.47 as support
Technicals:
* Sector: Basic Materials - Specialty Chemicals
* Relative Strength vs. Sector: 13.47
* Relative Strength vs. SP500: 11.83
* U/D Ratio: 1.45
* Base Depth: 12.05%
* Distance from breakout buy point: 0.75%
* Volume 19.05% above its 15 day average.
Trade Idea:
* You can enter now as the price is still close to the pull back recovery buy area
* Manage risk accordingly
* Due to the current choppy market conditions I've tightened my stop to 4% and reduced my target to 6%.
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey everyone,
We saw price move from 1992 to 1926 last week. We were able to pick buy trades using support levels and exiting with 20 to 30 pips at a time. The overall trend is still Bullish and therefore we were not confident in riding the short term trend change with the volatile momentum.
We are in a range of 1945 to 1917, which we have seen price play in this range below. Its a range where it will be too early to commit anything long term. If we see a break below 1917 we can see lower levels open up 1907, 1901, 1894 and 1888. A failure to break the 1917 level will see us back to 1945. We expect price to play within this range. A break above 1945 will open up the upper range again.
BULLISH TARGETS
1937, 1945
BEARISH TARGETS
1927, 1921, 1917
SWING RANGE
1917
As long as EMA5 remains within the range 1917 - 1945 we can bounce between support and resistance taking 20 to 30 pips at a time to avoid getting stuck in a breakout. We may be in a short term downtrend but EMA5 has not crossed ma21 on the daily chart to confirm further Bearish movement and remains in a uptrend.
We will be watching this closely and keep you all updated. Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
USDCAD weekly outlookHello guys,
Based on the chart, a breakout happened on a resistance area last week and now we are waiting for a pullback on our support area (change of polarity feature) and if all the things go well, we can consider a good buy opportunity for following days.
Note: This post will be update base on market reaction.
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GBPAUD-LONGGBPAUD is a correlating pair with AUDUSD. my bias on a technical perspective for AUD is short, as seen on a high time frame, the AUSSIE has been going down strong. with a possible retracement, it can potentially continue to drop & a result, GBPAUD will most likely go long. For GBPAUD, on a weekly timeframe, a shooting star printed on a crucial monthly support zone, with a Moving average cross over on a daily time frame which shows a possible push to the upside. this is my overall opinion on a technical standpoint. throughout the week, we will have to keep an eye out for our fundamentals.
what do you guys think?
$STER breaking out of its IPO base with cup and handle!* Great earnings so far
* Breaking out of its IPO base with a cup and handle pattern
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 10.83
* Relative Strength vs. SP500: 406.08
* U/D Ratio: 1.68
* Base Depth: 48.82%
* Distance from breakout buy point: 1.81%
* Volume 39.73% above its 15 day average.
Trade Idea:
* Playing the break of the handle
* You can enter now as the price is still close to the broken base
* Or if you're looking for a better entry you can look for an opportunity around $27.24.
* Manage risk according to your entry and tolerance
$VIST ready to push higher?Notes/Thoughts:
* Strong up trend in the recent years
* Okay earnings with growth expectation
* Closed just above resistance of $9.07
* During the consolidation from March 23, 2022 the volume was decreasing; now it's increasing and back above the average
* A high Relative Strength along with the high UD Ratio shows this may be ready to move higher.
Technicals:
* Sector: Energy - Oil & Gas E&P
* Relative Strength vs. Sector: 1.79
* Relative Strength vs. SP500: 11.04
* U/D Ratio: 1.68
* Base Depth: 21.26%
* Distance from breakout buy point: 0.11%
* Volume 6.71% above its 15 day average.
Trade Idea:
* You can enter now as the price is just above the broken resistance
* The entry now is providing a good risk/reward ratio
* Manage risk according to your tolerance
NIFTY buying idea explainedNIFTY is in channeled uptrend and completed 3 waves up.
It has to complete its 4 th wave correction upto 17560 as ABC zigzag .
this is 2nd confirmation for buying set-up, where 3 confluence of support lines coincides
Buy after wedge break-out on Friday(08/04/22). for a solid bull run of 5 waves as c5 to take our nifty once again to the resistance zone near 18500
GoldViewFX - MARKET UPDATEHey Everyone,
Quick update from yesterdays analysis. We saw retracement down to 1940 Goldturn but no candle body close or ema5 cross to confirm 1931, so we waited patiently for a Goldturn to be created above 1940 to give us confidence to start buying dips again. 1944 and 1952 HIT perfectly as planned, which we walked through in stages with our members.
Please see updated targets and levels to look out for below; Please also note we have BENCHMARK still open at 1976. (see related post below)
TARGETS
1961, 1969
RETRACEMENT RANGE
1944 - 1952
SWING RANGE
1927 - 1931
4H CHART UPDATE
This chart was posted on the 17th APRIL and now clearly shows the swing range in action at 1939.
We are trading levels Goldturn to Goldturn and using our unique INTRADAY LEVELS and taking no more than 20 to 40 pips maximum to avoid any traps. Patiently with discipline we are navigating the market with profit!
Please don't forget to like, comment and follow to support our work, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR