CDW breaking out of a 5 month base with volume!* Perfect earnings
* Very strong up trend since inception
* High 3-month relative strength of 1.65 in the Tech sector
* Pays out quarterly dividends and just last quarter it increased its dividends!
* Broke out of a ~5 month base with volume
* Broke out late December and has been consolidating since then right above the breakout point
* Even with the uncertain market conditions it's managing to stay above the broken base.
Trade Idea:
* You can enter at today's closing price if you don't mind a little volatility.
* If you're looking for the perfect entry, you may wait for the price to turn a bit lower and enter near the $203.30 area
* Due to current market conditions it's better to wait and see what may happen.
* If you're a bit more conservative you may wait for a break above this current range and look for an entry near $207.72
Caution:
* A daily close below $198.14 would negate the idea.
Buysetup
GoldViewFX DAILY chart UPDATE $$We expected a drop in price due to the Goldturn created below the 1818 Goldturn resistance level, further strengthening this level.
We also identified a Goldturn support area of 1789, which also fell in line with the ascending trendline support we drew forming an axis level of 1787 for support. This was respected beautifully!!
This is a crucial challenge. We will watch how this plays out before planning any further BUYs.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Updated levels and Targets$$We have had a nice Bull run to hit pretty much all our targets above.
We expected a drop from the 1830 resistance area, which played out nicely. We capitalised on a few sell signals during this movement down.
We are still in a market structure that supports buying dips and therefore we will continue to pick up entries. However the framework for buying dips had a floor support of 1766, which has now moved upto to 1787. Therefore we expect this level to hold and if so we will continue buying dips. However if we find this level to break then we will re-assess our strategy for this market condition and update our followers.
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GoldViewFX
XAUUSD TOP AUTHOR
CADJPY Bullish Continuation, LONG!As we are currently in a risk-on market JPY in weak. CADJPY has been trending up and now it's retesting a 4H orderblock from where we can anticipate continuation of the bull run . Looking for a buying opportunity around 90.500 level with a potential target of high above.
OHI (Tentative Buy)Omega Healthcare Investors, Inc. engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities. Its portfolio consists of long-term leases and mortgage agreements. The company was founded on March 31, 1992 and is headquartered in Hunt Valley, MD.
OHI has been in a selling trend for the last two quarters of 2021, and appears to be heading toward a price breakout of the current resistance.
Why? 3 Potential Indicators:
1) A bullish wedge is forming on the long-term daily chart.
2) RSI has crossed 50, is moving toward the upside
3) Candles in the last few days are trading above the Bollinger Bands, signaling price breakout to higher high and higher low in the coming weeks.
Entrance Strategy: When price breaks a current resistance level.
Exit Strategy: Take profits at new ATH or after 10% increase.
ADP looking to head higher prior to earnings?Note:
I last mentioned this around late October 2021.
Since then it's gone up and consolidated while the rest of the market was turning down.
This shows institutional support technically and it's also doing really well fundamentally.
* Amazing earnings quarter over quarter
* Incredibly strong long term up trend
* High 3-month relative strength of 2.64 in the Industrial sector
* Broke out of a roughly month long base last week
* Came back down to a buying range and now increasing in volume again
Trade idea:
* Right now's a good time to enter as it's using it's 10 EMA as support.
* It's 2.1% above the broken resistance which is still very close
* Offering a great risk to reward ratio
* If you're looking for a better entry, you can look for an opportunity near the $240.11 area
Caution:
* A break below $236.13 would negate this idea.
GoldViewFX Projection & update on TARGETS$$This is an update from yesterdays post.
Al targets being HIT, as mapped out by us. Price is currently challenging 1813 Goldturn resistance. If this holds we will see another drop towards 1800 - 1795. However if we get EMA5 to cross this level with a Goldlturn, then we will safely resume to next target 1822 and 1828.
We are getting signals both ways between these levels and both are getting hit according to the range mapped out.
DAILY CHART VIEW
The daily chart is showing a strong level of resistance here. Usually this is the ideal setup to short on this level. We banked our buys to be safe, however we will not be shorting here yet. The structure here was developed with higher Goldturns, which gives us an early indication that there is a chance for this level to be broken this time.
HOURLY CHART
We have drawn a Goldturn channel, which is being respected well. Price is challenging the central zone of the channel. A break on this level with EMA5 will confirm the movement to the top end of the channel. A rejection here will see us at 1800 again.
So far so good and no changes to our plans. Any change to the market structure and we will be sure to update with a new setup and trading plan.
Please don't forget to like, comment and follow to support our work. It helps us to keep sharing!!
GoldViewFX
XAUUSD TOP AUTHOR
GoldView UPDATE on TARGETS$$3 HOUR CHART VIEW
We posted our Goldturn broadening wedge yesterday, which has been respected well alongside our Goldturn support and resistance levels. Price was rejected at the top of the channel resisting at the strong 1830 level, price retraced down to the level identified.
We may have some sideway movement here and then we anticipate some movement up to the targets identified above. This zone of 1800 - 1790 are areas that we expect to be supported. If we see EMA5 break this support level then the setup will change and we will make changes to our plans. So far so good !!!
We have highlighted each Goldturn support and resistance level, which we will watch closely for a break with EMA5 and candle body close above or below to confirm momentum for the next level to be tested.
DAILY CHART VIEW
The daily chart Goldturn 1818 resistance level failed to break with EMA5 highlighted yesterday, therefore we saw the movement down. We are now testing the 1802 Goldturn support. If this breaks then the lower levels identified will open up. We will post new sequence of targets should this happen. For now our plans on buying dips remain.
The breakout zones identified on the daily chart either side, are areas that we will not trade on first approach into the range. The structure changes when these zone open up, so its important for us to sit and wait for a blueprint of the range, before re-applying a new setup that is suitable for the new structure.
HOURLY CHART
Hourly chart support and resistance levels identified and a Goldturn broadening wedge. Lower channel being tested. We will look for EMA5 to cross each level to confirm momentum to next with candle body closing after cross. The axis levels identified are the stronger Goldturn levels that price always challenges while playing in the range. Top end axis allows us to short and lower end axis allows us to long. We also tend to use these levels for targets for exits.
As always we hope you find our ideas useful and we would greatly appreciate a like, comment and follow to support us. We really do appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
SCHW looking to reach new highs?* Great earnings
* Strong up trend
* High 3-month relative strength of 3.72 in the Financial sector
* Breaking out of a base on base pattern with higher than average volume
* Broke out a few days ago but due to the market conditions it had a slight pull back to the breakout point
Trade Idea:
* If you don't mind a little volatility and want to catch the bigger move, you can enter now as indicated.
* The price is only 1.73% away from the broken level
* However, if you're looking for a better entry, you can look for one around the $84.30 area as that should serve as support moving forward.
Goldview Updated LEVELS & TARGETS$$We had a strong Bullish close on the top end of our 3HOUR chart Goldturn broadening wedge. This can break out of this wedge and start another bull run towards the upper targets on the chart. We may get a pump to the next level at 1837 and then retrace down to find support. Fib retracement of 50% level from this impulse is at 1805.
We will look to see if we get a cross of ema5 with candle body close above 1828 to confirm 1837 and 1855. However a rejection here or a new Goldturn created under this wedge will confirm the retracement down to find support.
DAILY CHART LEVEL
1818 is a strong resistance level on the daily chart created with two historical Goldturns. A break of 1818 with EMA5 on the daily chart is a significant challenge and one to keep an eye on. We will be watching this closely. Break on this level with EMA5 and candle body close will open up the upper range.
We are still very much Bullish and any retracements to strong support levels we will use for entries. Any changes to this we will update.
Two strong supports have been identified for entries OR if they break down with EMA5 then we will re-evaluate our plans, as the technical structure will change.
Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
AUDUSD SHORT TERM BUY ANALYSISPrice on the daily timeframe has been increasing. The evidence can be seen better on the four hour timeframe.
You will notice a series of higher highs and higher lows being made.
If price can pullback towards 0.72550, it'd be best to observe if the buyers can push price back up to the previous 4 hour higher high and beyond.
SUPERTREND AND EMA x2 Strategy for XAUUSD SWING TRADINGTools(Indicators) used:
Supertrend Indicator from KivancOzbilgic no changes.
EMA used twice. Set Length on first EMA at 20 change color to Blue (any you want but I will explain using the settings used).
Set Length on second EMA at 50 change color to Yellow
CHART 5 MINS and UP but under 1H.
Preferred instrument is FXOPEN:XAUUSD
Strategy:-
We enter a trade upon confirmation of the following conditions.
1. When the supertrend suggests a buy. We confirm entry only when the blue line crosses the yellow from below.
If both the conditions are true we place a buy order taking the previous lowest point as stop loss and profit at 1:1
2. When the Supertrend suggests a sell. We confirm entry only when the blue line crosses the yellow line from above.
If both the conditions are true we place a sell order taking the previous highest point as stop loss and profit at 1:1.
This is the strategy that I am using and I have been able to close 90% trades in profit.
The strategy holds good almost every currency pairs and major cryptos. But I have not tried it on stocks. So reviews and suggestions are welcome to improve the strategy
Please Like and Comment....
Disclaimer: The views expressed are for educational purpose only and do not constitute to trading advice. Please do your own research before acting on the views expressed herein.
$BIRD – SI 45%Allbirds, Inc. manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks. It sells its products through its retail stores in the United States and internationally, as well as online. Allbirds, Inc. was formerly known as Bozz, Inc. The company was incorporated in 2015 and is based in San Francisco, California.
Goldview UPDATED levels and OPEN targets $$We have updated our goldurn support and resistance levels and drawn a Goldturn wedge.
We are still confidently buying dips and this is working out perfectly. We banked at 1820 and anticipated the drop, as you can see from the links to related posts below.
We have a broken Goldturn at 1796 opening a gap to 1787, however our Goldturn wedge is acting as support on this level so not wise for us to target this.
Now keeping an eye on ema5 to break 1802 Goldturn to confirm 1808 and 1816 in line with our overall analysis.
We are still buying dips and will update any changes to our plans if the market structure changes. Our setups remain strong and therefore sticking to our plans.
Please don't forget to like, comment and follow to support us, we appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
GoldView UPDATE on TARGET $$We posted this chart yesterday with updated Goldturn levels. We clearly marked the 1802 level that EMA5 needed to cross with candle body close confirmation to confirm 1808. This crossed and confirmed the target which was eventually hit today. Just like we predicted. We don't like to blow our own trumpet too much but we do draw some of the best support and resistance levels for gold in our unique way
We are now looking for EMA5 to cross 1808, which has just started to happen and then wait for a candle body close confirmation to confirm our final axis target to 1816. This does not mean we will rush to take a position, as always we will wait for a reversal to get a nice entry for a position.
For those who are following our updates daily, you can see we do things differently and we have been pretty much nailing our analysis. Please continue to show your support by liking, commenting and following us. It helps us to continue to share our ideas with you and we do really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
BNB 600 $ OR 450 $ ?Hey !
we have potential long trade to take 17 % profit at least !
this daily candle ( 30 DEC ) is retesting 510 $ support. ( btw as you all know the trends or supports or resistance are area guys ).
don't trade this setup if we didn't get a clear retest.
the green box is a sec buy opportunity.
everything depends on BTC.
entry : 520
targets : 604 , 640
sl : 499 ( 5%)
not financial advice.