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BluetonaFX - EURUSD Potential Double Bottom OpportunityHi Traders! There is a potential double bottom opportunity on the EURUSD 4H chart. The market has found support around the 1.07661 area, which is where the market had its first price rejection to the downside. After bearish momentum on Friday, the market found support again near 1.07661, and the bearish momentum seems to have exhausted, so there is an opportunity to go long near this area for a potential retest of the neckline at 1.80350. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
Long
by BluetonaFX
GoldViewFX - Gold Route map for the coming week.Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We have 1945 Goldturn resistance target open for a test. We will need to see 1945 break and lock to open the range above. We also have the retracement zone between 1936 that may require a correctional re-test. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and the catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends. BULLISH TARGETS 1945 EMA5 CROSS AND LOCK ABOVE 1945 WILL OPEN THE FOLLOWING BULLISH TARGET 1954 1965 BEARISH TARGETS 1936 EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE SWING RANGE 1923 - 1914 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GoldViewFX - 4H CHART UPDATED LEVELS AND TARGETSHey Everyone, Please see our updated 4h chart levels and targets. Price is playing between both the weighted structures 1927 - 1944. We will need to see either level cross and lock to open the next range above or below. We have a immediate bullish target at 1944 and a correctional retracement target at 1927. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and the catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends. BULLISH TARGETS 1944 EMA5 CROSS AND LOCK ABOVE 1944 WILL OPEN THE FOLLOWING BULLISH TARGET 1957 1963 BEARISH TARGETS 1927 EMA5 CROSS AND LOCK BELOW 1927 WILL OPEN THE SWING RANGE SWING RANGE 1917 - 1913 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
1
GoldViewFX - Gold Route Map UPDATEHey Everyone, A fantastic finish to the week and month for us, with this weeks gold route map playing out to perfection once again!!! Our weighted level cross and lock breaks gave us plenty of time to get in for the movement all the way to the targets in true level to level fashion. Today we secured a buy from the dip, as stated yesterday for a safe exit before NFP for 50 pips to finish off the week. We are now seeing rejection from the resistance structure as expected with just a small gap from the 1954 level. We will now come back Sunday with our multi timeframe analysis and a route map for the coming week. Hope you all have a smashing weekend and please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GoldViewFX - Gold Route Map UPDATEHey Everyone, And we did it again!!! We got the cross and lock on 1920 to open upper targets and BOOOOM 1930 NOW HIT!!! Only the last gap to 1943 left. However, as you all know, we wont chase from the top but instead take from dips like we did today. We will keep the above targets and range in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down for any correctional retracements and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends. BULLISH TARGETS 1920 - DONE EMA5 CROSS AND LOCK ABOVE 1920 WILL OPEN THE FOLLOWING BULLISH TARGET 1930 - DONE 1943 BEARISH TARGETS 1910 - 1901 - EMA5 CROSS AND LOCK BELOW 1901 WILL OPEN THE SWING RANGE SWING RANGE 1888 - 1882 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GoldViewFX - 4H Chart updated Levels & TargetsHey Everyone, Please see our updated 4h chart levels and targets. Price is playing between both the weighted structures 1903 - 1917. We will need to see either level cross and lock to open the next range above or below. We have a immediate bullish target at 1917 and a correctional retracement target at 1903. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and the catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends. BULLISH TARGETS 1917 EMA5 CROSS AND LOCK ABOVE 1917 WILL OPEN THE FOLLOWING BULLISH TARGET 1927 1941 BEARISH TARGETS 1903 EMA5 CROSS AND LOCK BELOW 1903 WILL OPEN THE SWING RANGE SWING RANGE 1879 - 1870 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
AUDUSD will go UP by Double Bottom Pattern🚀AUDUSD was able to break the 🔴 resistance zone($0.64620-$0.64530) 🔴. Now, we are watching the pull back to the resistance zone . Also, we can find the Double Bottom Pattern(Standard) . 🔔I expect AUDUSD will go UP at least to the upper line of the Ascending Channel and next 🔴 resistance zone($0.65030-$0.64920) 🔴. 🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
12
GoldViewFX - WEEKLY CHART MID/LONG TERM PROJECTIONHey Everyone, Please see our last update on this chart below to get upto date with our chart flow on this idea. Price is now testing the channel bottom and testing strong support levels. We are expecting reaction bounces in this range to . A break below this range with ema5 cross and lock below this channel bottom will open the range below, in which case the structure dynamics will change and we will update to a new weekly chart plan. Failure to lock below the channel bottom and we are likely to see a 1954 axis retest at some point. MR GOLD LAST UPDATE Hey Everyone, Please see update on our weekly chart projection. We stated last week that although we had the candle body close above 1954 AXIS, we did not get the ema5 cross and lock above this level and therefore no solid confirmation. This played out and confirmed the rejection, which followed with a push down. Price is within the weekly swing range, with room for 1894 - 1877 channel floor test in the short term. Overall you can see we are in a Bullish ascending Goldturn channel maintaining a long term uptrend. We will continue to see swings and ranging movement until we see the half-line test with ema5 lock above the 1954 axis level for a breakout into the upper half of the channel. We need to keep in mind we are now at the bottom part of the channel and therefore swings to complete the channel bottom and then test the top need to be part of our long term plans. We will use our smaller timeframes to buy from dips to be able to catch the ride up safely without missing the train. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
1
Decoding the Rising Wedge Pattern in Forex Trading 📈📉👩‍💼 In the world of forex trading, recognizing and understanding chart patterns can provide traders with invaluable insights into potential price movements. One such pattern, the rising wedge, is a powerful tool for identifying impending trend reversals. In this article, we'll delve into the details of the rising wedge pattern, explore its characteristics, and provide real-world examples to help you navigate the forex market more effectively. 🚀📊🔍 Decoding the Rising Wedge Pattern The rising wedge is a bearish reversal pattern characterized by its narrowing price range between two ascending trendlines. It signals a potential shift from an uptrend to a downtrend, often preceding significant price declines. Key features of the rising wedge pattern include: 1.Two Sloping Trendlines: The upper trendline connects the higher highs, while the lower trendline links the higher lows. As time progresses, the price range between these trendlines contracts, creating a wedge-like shape. 📉↗️📉 2.Volume Analysis: Typically, volume diminishes as the pattern develops. This reduction in volume signifies decreasing interest and participation in the upward movement. 📉🔊📉 3.Bearish Implications: The narrowing price range indicates weakening buying pressure, as sellers gradually gain momentum. A breakout below the lower trendline confirms the pattern's completion and suggests a potential trend reversal. 🐻📉📈 Examples 1.Currency Pair A - EUR/USD: 2.Currency Pair B - GBP/JPY: 3.Currency Pair C - AUD/NZD: Navigating the Rising Wedge Pattern 1.Confirmation: While the pattern provides a bearish signal, traders often wait for a breakout below the lower trendline to confirm the reversal before entering a trade. 🔄🔍📉 2.Risk Management: Place stop-loss orders above the upper trendline to protect against false breakouts. ⛔️📈🛡 3.Target Levels: Project the potential price decline by measuring the height of the pattern and subtracting it from the breakout point. This can guide your profit-taking strategy. 📏📊💰 Mastering the recognition and interpretation of the rising wedge pattern empowers forex traders to anticipate trend reversals and execute trades with confidence. By studying the pattern's characteristics, volume trends, and breakout confirmation, you can enhance your trading strategy and make informed decisions in the dynamic forex market. 📚🔍📊 With the rising wedge pattern in your arsenal, you'll be able to ascend to profitable insights and navigate the forex market with skillful precision. 📉🔍💼👩‍🏫✨ Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
5
BluetonaFX - EURUSD Potential Head & Shoulders OpportunityHi Traders! We have a potential Head and Shoulders opportunity on the EURUSD 1D chart. The price action is telling us that there is a bearish bias due to the market being in a descending price channel with lower highs and lower lows; additionally, the market is also below our 20 EMA. We are looking for a break and a close below the neckline to target 1.08500. As long as we remain below the 20 EMA (we MUST stay below the 20 EMA) and in the descending channel, our bearish view will continue. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
2
NzdUsd- In search of the next support (could be 0.5750)After flirting with 0.6050-0.6070 zone support, exactly a week ago, NzdUsd managed to break under and at the time of writing is trading well under the psychological 0.6. The overall structure is strongly bearish and we could probably see down continuation. 0.6050 is now resistance and, in my opinion, rallies towards 0.6 should be sold considering a stop above resistance. As the title says, 0.5750 could be swing trader's target.
Short
by Mihai_Iacob
8
GoldViewFX - Market UpdateHey Everyone, We started our trading day with 1926 Benchmark target complete, as stated yesterday. Our swing range also did what it says on the tin and gave the perfect swing into 1932, inline with our plans to buy dips. EMA5 failed to break the 1916 Goldturn, creating a new Goldturn, confirming the push up for the swing range action. We are now seeing the swing range challenge once again. Failure to break will see another rush up or a ema5 lock below will open the range below. We will continue to buy dips using our support levels taking 30 to 40 pips maintaining tight risk management. Exposing small entries allows us to navigate these dips without pressure using our strategic levels for safe entries and exits. BULLISH TARGETS 1942 - DONE EMA5 CROSS AND LOCK ABOVE 1946 WILL OPEN THE FOLLOWING BULLISH TARGETS 1951 - 1959 - BEARISH TARGETS 1937 - DONE 1932 - DONE EMA5 CROSS AND LOCK BELOW 1932 WILL OPEN THE SWING RANGE SWING RANGE 1926 - 1916 1926 - DONE 1916 - DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
BluetonaFX - USDJPY Traders Anticipating US Inflation DataHi Traders! Ahead of the US CPI data in a couple of hours, USDJPY is trading with momentum, and we could finally see the 145.073 resistance level broken if the inflation outlook looks positive for the US. Looking at the 1W chart, the market looks bullish; we are above the 20 EMA; last week's high was broken; and even with the weaker than expected US jobs report announced last week, the US dollar is still showing strength. If the inflation data is stronger than expected, there is a strong possibility that the market breaks the 145.073 resistance level. Above this level is the psychological 150 level, which is the next long-term target that the market will look to test if the bullish momentum continues. Above 150 is our Apex level at 151.946, which is our record high. Depending on the outlook in the US, we may see this level at some point this year. Though USDJPY looks bullish, the market is currently in a range zone, and the resistance at 145.073 must break to confirm the bullish view. On the other side, below is the 137.915 level, which has been our strong support level over the past few months. If the inflation outlook looks weak and the bullish US dollar's bullish outlook becomes bearish, this level will be the likely long-term target level for USDJPY. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
2