Get started

Buysetup

GoldViewFX - Cup And Handle PATTERNHey All, Quick update with a cup and handle formation on the hourly chart. In line with some immediate targets. Also note the new Goldturn at 1785, which is the new Support to watch out for today. A break with EMA5 on this levels will open the lower targets. Please review our report from yesterday (see related ideas below for our overall weekly analysis). Please don't forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
BTC RETRACEBTC hit the lower ascending trendline and bounced up nicely, which could suggest we see a deeper retrace for the month of Feb. A break under the trendline carries a risk of 27k imo, so IT'S important to stay vigilant. In the evenT price can hold the current lows, and STAY ABOVE the TL, I see a potential for a deep retrace into the 50k area. When we get there, I assume there will be a significant challenge. To start the month, I suspect we will range between 40k and 35k for a bit before it attempts to get back over 42k. In my opinion, it may take more than one hit to break back over the near-term res. but once above, it will open up further upside, imo.
INDEX:BTCUSDLong
by Entrenched
4
GoldViewFX REPORT - Updated Levels & Target$$Hey All, Earlier today we posted the H4 range and trading zones to support entries and exits and our overall analysis, please see related post on range management below. We updated our hourly chart levels with stronger Goldturn support and resistance levels to help trade these levels. Goldturn Resistance levels: 1808 1830 1850 1872 Goldturn Support levels: 1788 1766 1747 1726 The range between each level is roughly 20pips to 30pips. This will be enough for us to observe EMA5 cross and close with candle body close to confirm target to next level and allow us to move the range with the price action. We can see 1788 broken with EMA5 and candle body close leaving an open target to 1766. This is likely to get HIT and a crucial support area that we are likely to see some support on. Hopefully enough support to resume with more upward movement. The pattern in which the price is moving and price staying supported above the this range is keeping us within our Bullish structure. Should we see 1766 break with EMA5 candle body close then we will start seeing the lower levels, 1747 and 1726. On market open, as much as we can see 1766, we will take caution because the break on 1788 with EMA5 confirming 1766 was off the back of momentum from last weeks news events. Normally I like to see price settle down from news driven momentum and to start seeing some organic movements. It is the organic movement and EMA5 break and candle body close that is more stronger to target. We can already see end of play Friday price retraced and broke back above 1788 and EMA5 is also following for a cross above 1788 and sitting just on the line creating a Goldturn. We need to observe this in the first hour of the market open to see if EMA5 has crossed and locked with candle body close. Should this break and lock above 1788 it will open gap to 1808, which will be the more organic break and target. The ideal sequence we can potentially see play out will be 1766, 1808 and then 1830 with some resistance at 1820 before 1830. If the order of sequence doesn't quite play out we are still likely to see these targets get hit in some order. Please stay close for regular updates throughout the week. Should we make any changes to our trading plan, we will be sure to update you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - RANGE MANAGEMENT SETUPHey All, We will post our usual analysis for the week on our weekly GoldView report shortly before market opens. This is a quick post using historical ranges using range HIGH and range LOWs to create support and resistance trading zones and the range of the potential swing in the trading zone. Its really important, as a trader to identify the potential reversal in order to manage the reversal on your equity and exposure without making rational cuts too early or hold a reversal, when the swing range is too big for your exposure. Every trade entered; 8 out of 10 times it reverses, we need to work this into our trading psychology in order to make room for this in our risk management and make sure the potential swing falls within our risk appetite. We have highlighted the zones to BUY and SELL with the central zone for take profit, which is inline with the ranges consolidation area allowing any swings and momentum based movement to come back to this range for consolidation, providing a safe zone to take exits before you find yourself trading against the range and outside of the SWING RANGE. If you find yourself trading against the range, it should only be within the swing range, which provides more confidence in coming back into direction then stretching out your equity, with no plan or a range management map. We hope you find the range management map useful for the current range and it helps you to see a clearer picture of what the price is doing. Remember nobody can tell you what the market will do or predict the movement 100%. The best anyone can do is use historical data to have a better idea and speculation of what the price may potentially do, based on what it did before and how it reacted to similar market dynamics before. Please don't forget to like, comment and follow to support us, we really appreciate the likes and it helps us to bring more content to you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
$CHD ready to move higher after breaking out of ~17 month base?* Excellent earnings quarter over quarter * Very strong up trend on the monthly time frame * High relative strength of 2.75 in the Consumer Defensive sector * Pays out a quarterly dividend * Breaking out a ~17 month base * Both monthly and weekly candles show a large bullish hammer candle * The weekly chart used the base resistance of $97.53 as support and mad a very strong move higher on earnings today Trade Idea: * Now's a great time to enter as the price is just breaking back higher. * Held up very well during a massive correction. * If you're looking for a better entry you can look for opportunities near the $100.7 area as that should serve as a temporary support level.
NYSE:CHDLong
by HaseebKhan_90
GoldViewFX - 4H chart UPDATE and PROJECTIONThis is our 4chart update. We can see price broke out of the Goldturn channel to the downside and now challenging the bottom of the range box 2. Price has crossed this level down but now we are waiting to see EMA5 cross this level with a candle body close. This will then open gaps to 1770 and 1766. We expect to see some support at 1766, 1770 levels and then hopefully a formation of a new EMA5 channel targeting 1789, 1804, 1814, 1826 on the next run. I hope all our updates and analysis has served everyone well this week. Please don't forget to like, comment and follow to support us, we appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
GoldViewFX - Updated LEVELS and TARGET$$We have updated all the strong Goldturn levels using historical turns. We will look to see how EMA5 breaks each level with candle body close to allow us to trade each level in stages and analyse its movement at the same time. We hope to see the price find support and retrace back to its Bullish structure. We can see from zooming out, each time an ascending channel is broken to the downside, in this market structure, we see retracement back up to test the channel again. We can potentially see some retracement down to as low as 1766 to then resume back to target 1808, 1828. The market has dropped 2 ranges, we have had an awesome month of targets being hit. This is not the time to jump back in. We will let the momentum settle and price settle into a range before we start to commit to new positions. Please don't forget to like, comment and follow to support. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
$ENSC entry PT 1.25-1.50 Target PTs 6-7 and higherEnsysce Biosciences shares are trading higher after Zacks Small-Cap Research set a $23 valuation on the stock. Ensysce Biosciences, Inc., a clinical-stage biotech company, engages in developing various prescription drugs. The company is developing tamper-proof opioids using Trypsin Activated Abuse Protection and Multi-Pill Abuse Resistance platforms. Its products treat severe pain and assist in preventing deaths caused by opioid abuse. The company is headquartered in La Jolla, California.
NASDAQ:ENSCLong
by BADQOMOCAWGOWLD
GoldViewFX - Update on STRUCTURE and LEVELSDaily chart remains in a Bullish structure, although we saw a big rejection at 1852 target. We have a Goldturn trendline being supported in an upward trend, which is still in a Bullish setup. Until we see EMA5 on the daily chart crossing 1801 level the setup remains Bullish to pick buy entries once momentum settles. However we have eased up on buying dips, as the remaining timeframes have started to change structure. Please see updates on HOURLY and 4HOUR charts below. 4HOUR CHART This chart just about maintains the Bullish structure but price is about to challenge 1791 with EMA5. A break down on this level will change the Bullish structure on H4, however right now still holding. This is at a transitional stage and best to wait for momentum to settle. HOURLY CHART UPDATE The hourly chart has changed structure and broken down strong supports, that have opened up lower targets, in the short term that momentum can easily go and hit. Our sell signals are starting to take strength. However this is all momentum driven so far and we will wait for all timeframes to fall in line before making a new trading plan for the coming weeks. We will now observe the market over the next few trading days and make any changes needed to setups for a transitional switchover in direction and strategy if needed. Please don't forget to like, comment and follow to support us, we really appreciate it and it helps us to bring regular updates to you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
GoldViewFX - Update on LEVELS and TARGET$$We posted this last week and this was a live example of back to Benchmark. We got our 1852 target although we were hoping to also see 1856, which is left open and then FOMC triggered the move down also inline with a strong resistance, we already identified for shorts last week. see below; This chart played out testing the 1850 zone and then dropping to the floor of the channel. Crucial area for the Bulls to potentially find support. Although we missed the 1856 Target (see below) which was our final target and inline with some of our channel ceilings, we still remain confident to pick up buys from better entries here. The chart below, which we have been following all week played out perfect again hitting all targets, however final target slipped and the drop down has now stalled, at the zones we identified as a strong support to still maintain bullish structure for us to buy dips. Charts and levels all point towards support here and we hope to see some movement up from here. However we will let the FOMC momentum settle before making any strong plans. We are taking signals both ways but will be keeping the LOTS small and just observing till the end of the week. The Goldturn levels are strong levels, if you follow them, then just watch how they break with EMA5 and candle body close, to confirm next level. Please don't forget to like the post, comment and follow, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
$MATX breaking out of a base on base pattern!* Great earnings * Very strong up trend on the monthly time frame * Very high 3-month relative strength of 2.73 in the Industrials - Marine Shipping sector * U/D Volume Ratio of 0.85 (above 1 is preferred) * Upper base depth of 19.06% * Currently trading with volume 184.01% above its 15 day average * During the formation of the upper base it also created a cup and handle pattern * And is now breaking out with tonnes of volume. Warning: * Given the current market conditions, it's considered better to sit in cash and wait for the general conditions to stabilize. Trade Idea: * Now's a great time to enter since the price is really close to the broken level. * If you're looking for a better entry, you can look for an entry opportunity near the $91.49 area. * Consider keeping a tight stop since the general market conditions are unfavorable and also consider booking profits early for the same reason.
NYSE:MATXLong
by HaseebKhan_90
$PROG Next Target PT 2.25 and higherProgenity, Inc., a biotechnology company, provides develops and commercializes molecular testing products in the United States. It offers Innatal, a noninvasive prenatal screening test offered to women early in pregnancy to screen for chromosome abnormalities, such as down syndrome, trisomy 18, trisomy 13, and sex chromosome disorders through the analysis of cell-free DNA; Preparent that screens for carrier status of hereditary diseases prior to or early in pregnancy; and Riscover, a hereditary cancer screen that analyzes 31 genes associated with inherited risk of 12 types of cancers, including the BRCA1/2 genes for hereditary breast, ovarian, colorectal, endometrial, pancreatic, and other cancer syndromes, as well as for the five genes associated with Lynch syndrome. The company also provides Resura, a noninvasive prenatal test for families at risk for rare single gene disorders; and Preecludia, a preeclampsia rule-out test. In addition, it offers anatomic and molecular pathology tests, and COVID-19 PCR testing services, as well as test products that includes chromosomal microarray for pregnancy loss, which evaluates the genetic cause of miscarriage; maternal serum screening for chromosomal disorders; and preimplantation genetic testing for use with artificial reproductive technologies. Further, the company develops therapeutic solutions for gastrointestinal-related disorders, such as PGN-001, PGN-300, PGN-600, and PGN-OB2. It also owns and operates laboratory. Progenity, Inc. was formerly known as Ascendant MDX, Inc. and changed its name to Progenity, Inc. in November 2013. The company was founded in 2010 and is headquartered in San Diego, California.
PLong
by BADQOMOCAWGOWLD
GoldViewFX - 4H Chart UPDATE & RANGE VIEWHey everyone, A quick update for end of play today. As you can see the chart speaks for itself, we have hit our first target at 1852. Those of you, who have been following all our posts, would have seen how we have been calling each target step by step. Price has reached the Goldturn channel half line at 1852 and now we need to see EMA5 cross this level to confirm movement to the upper level of the channel to the next target at 1856, 1859 AXIS (strong level) and 1872. We will review this by each level and keep you all posted. Current RANGE VIEW (See related post below on how to read Range View) Its beautiful to see the Range Boxing in action here, showing a range view of the current price range and the entry into the new Range box, which is also inline with our overall analysis on 4H chart. FOMC tomorrow, so we plan to stay out and if we decide to play, we will only be using small LOTS to test waters. Please don't forget to like, comment and follow. We really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
15
GoldViewFX 4H Chart UPDATE & IDEAHey Everyone, A quick update following on from our post this morning. The targets we identified for our buys were hit perfectly and retraced from the Goldturn as identified. We maintained our plans to buy dips and taking positions from Goldturn supports identified. Here we have the 4h chart update, showing a Goldturn channel that we broke out of and now broken back in. We have identified the potential future break of this channel with a supporting trendline and should our plans maintain support, then we shall see price go back up and hit our channel top target at 1852 and 1856. We have updated the 4H chart Goldturn Levels and as long as 1790 is not broken, our 4H chart bullish structure remains. 1H CHART UPPDATE (SUPPORT AND RESISTANCE LEVELS) Please don't forget to like our post, comment and follow, as always we appreciate it and it helps us to keep you all updated with our ideas. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - 1H Chart UPDATE on TARGET$We posted this yesterday (see related post below) identifying the Bullish movement yesterday will look for support at 1828 Goldturn. This is once again playing out perfectly. If this holds at 1828 as support we should see another push to the upside. This is another example of strong resistance turning into support. A break or range between the two Goldturns 1828 - 1840 will now determine our current range and projected range. All our buy signals TPd at 1842 given the Premier Club the perfect exits. Pleasw dont forget to like, comment and follow, it really helps us to bring more regular updates and analysis to you all.
OANDA:XAUUSDLong
by Goldviewfx
4
GoldViewFX - Updated LEVELS and TARGET$Hey All, Just a quick update and illustration of what the price is trying to do. The Goldturn trendline is giving us a steady move up with enough time to assess any change in the structure. If EMA5 finds support close to 1838, then we will see the move up towards the upper targets. However, as you can see from the blue triangle sitting below the Goldturn trendline, we can expect retracements down to 1830 and it will still support the structure to buy dips. 1830 level will also be the half way mark from benchmark; if price finds support at 1830 and starts the Bull Run, then we said this happens (see related back to benchmark post below) when price shifts a range and therefore price doesn't need to go back to benchmark, otherwise we would always see price come back to Benchmark 1816 level. We will remain Bullish above 1816, and any changes to our plans we will keep you all updated. FOMC is tomorrow so I will only be taking small LOTs and low exposure. Please don't forget to like the post, comment and follow, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
13
$CHRW ready to move higher after breaking its ~17 month base?* Great earnings in the recent quarters * Strong up trend * High 3-month relative strength of 3.82 in the Industrial sector * Has a U/D Volume Ratio of 0.94 (ideal would have been > 1) * Pays out a generous dividend * Breaking out of its ~17 month base * Due to the recent volatility it had a slight pullback after its previous breakout * Has been holding up really well over the past week when the general market was selling off like crazy. This is showing relative strength and institutional demand. * Used the broken level as support and pushed higher from there Trade Idea: * It is not advised to trade breakouts in the current market conditions. * If you want to enter with a small position, now would be a great time to enter as the price is just breaking out once again. * If you're looking for a better entry you can look for a buying opportunity around the $105.7 area as that should continue serving as support moving forward.
NASDAQ:CHRWLong
by HaseebKhan_90
GoldViewFX - Update on LEVELS & TARGET$$ Hey Everyone, Just a quick update from yesterdays analysis. Our setups for buying dips still in play and we have started to see this play out with price hitting two targets 1838 and 1844. We had a rejection at 1844 and saw price come down to 1838. If 1838 resistance now turns into support and holds this level we will see the continuation of the Bull run. If this level fails to hold and breaks through with EMA5 cross and candle body close below this level, we will see price go further down to the Goldturns we have identified to find support. Each of these support levels are buying opportunities for us. Any sell signal that are being activated, we are taking with small LOTs. Our main focus is on buying dips, as the current structure supports it. Any changes to our plans, we will keep all our followers updated. RANGE VIEW The range view shows price sitting in a dead zone. 1830-1847, outside of the most recent historical Range Boxes (see related post on RANGE BOXING below). We are taking caution at this range, as price can take a swing either way and change the structure. Stay close for more updates. Please don't forget to like, comment and follow; it really does help us to bring more content to you. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12