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GoldViewFX - MARKET UPDATEHey Everyone, And we finish of this week with a 1005 Hit rate on our ideas. Once again our swing range did exactly what it says on the tin. We got a nice drop yesterday into the swing range where we picked up our buys for a perfect swing up into 1957 Goldturn for a perfect exit. 1957 Goldturn resistance was respected to perfection giving the perfect rejection for another drop into the swing range. We are no out of all positions and closing for the week. Please note that the markets will be closed this Monday due to the public holiday in the US (along with Switzerland, UK, France and Germany). The White House and Congressional Republicans are frantically trying to tie up a deal before the long weekend but time is running out before market close today. Regardless of whether a deal is reached or not in the last minute, please note that volatility in the gold market will remain in play until the 9th of June. Expect big swings both ways as standard intra-day moves and sudden and deep downward breaks if traders roll out of their gold positions to cover margin calls on other assets in case of an actual stock market crash or an irrational fear of a crash. Trade safe, trade the GVFX way. Have a lovely weekend with your loved ones and please don't forget to like the post to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
USDJPY BULL FLAG TRADE IDEAHi Traders! We have a bull flag setup here on the 2H USDJPY chart. This usually happens after a big rally up or down (flag pole) followed by a consolidation period before continuing with momentum. We are now in the consolidation period and looking to continue pushing up. The level to break here is 138.878. If this is broken, we expect another push to 139.000 and possibly a test of 140.000. Our long term bullish ascending triangle on the 1D chart (link to this idea provided below) is still in play and also supports this idea. Very important though, that we also look at the possibility of the pattern failing and moving to the downside. PLEASE NOTE: that if the pattern fails, it will turn from a Bull Flag to a Double Top, which is a REVERSAL pattern, and will change from bullish to bearish. The bottom of the flag at 137.424 must hold to avoid the reversal. We do have key levels around the 137 area with a previous resistance swing high around 137.774, so there are opportunities on both sides. Please do not forget to like, comment and follow, we would love to hear your thoughts! Thank you for your support. BluetonaFX
by BluetonaFX
4
GoldViewFX - MARKET UPDATEHey Everyone, After banking profits yesterday, we waited patiently today for the drop to take place from the rejection. Our weekly chart idea shows the target level for this drop into the retracement range, playing out perfectly. Our 4h CHART is already in the swing range test and may see some bounces for scalp buys but not for a full turn, as there is room for more movement down, until we see our higher timeframes daily/weekly into a bullish turn with ema5. We will stick with our long term trend buying dips but manage swings for entries on the mid term bearish trend. We will use our multi timeframe analysis to navigate the range up and down and pick our sweet entries and exits in between. LAST WEEKLY UPDATE Price is now sitting below the axis trendline and also a new Goldturn has formed below the axis trendline making this chart Bearish. We already saw price head towards the retracement range last week with room still left for more - THIS PLAYED OUT EXACTLY HOW WE SAID ON SUNDAY 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
16
GBPUSD BEAR CHANNEL CONTINUES Hi Traders! The bear channel on GBPUSD continues. We have a very simple regression channel here on 1H chart to show this. The market has been hitting the support of the channel and coming off the resistance of the channel almost perfectly. A set up like this gives numerous opportunities for entries and exits and also very good risk-reward opportunities by trading within the range of the channel. Please do not forget to like, comment and follow, we would love to hear your thoughts! Thank you for your support. BluetonaFX
by BluetonaFX
3
GoldViewFX - MARKET UPDATEHey Everyone, This is just beautiful!!!! We got the price into the retracement zone inline with the channel half-line for a perfect bounce into the targets level to level as outlined by the rout map on the chart. As part of our plans to buy dips we took a clean trade at the retracement level for a ride up. We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets. Our long term projection still remains Bullish. BULLISH TARGETS 1990 - EMA5 CROSS AND LOCK ABOVE 1990 WILL OPEN 2006 BEARISH TARGETS 1965 - DONE 1957 - DONE EMA5 CROSS AND LOCK BELOW 1957 WILL OPEN THE SWING RANGE SWING RANGE 1940 - 1929 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
19
GoldViewFX - MARKET UPDATEHey Everyone, We start the week with our 1H chart playing out in a tight range. Although a tight range our Goldturn channel is being respected well, as the channel half line is providing dynamic support to the price. If this is continues to support above the half line we should see a challenge to the channel top. We took a nice buy for 50 pips from the half-line support with a safe TP. As stated on the weekend, we are expecting some ranging movement within the channel up and down and will wait patiently for a break and close above the channel top or bottom for a breakout to the next range. We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets. Our long term projection still remains Bullish. BULLISH TARGETS 1990 - EMA5 CROSS AND LOCK ABOVE 1990 WILL OPEN 2006 BEARISH TARGETS 1965 - 1957 - EMA5 CROSS AND LOCK BELOW 1957 WILL OPEN THE SWING RANGE SWING RANGE 1940 - 1929 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
14
AUDUSD RECTANGLE PATTERN IDEAHi Traders! We have a rectangular range setup here on the 1D AUDUSD chart. With the rectangular setup, though it is a neutral formation where it can breakout to either side, there is a bearish bias here. The reason for this is by looking at the price action; there is a long term uptrend here on the 1D chart. However, with the retracement to the uptrend, there is no momentum to continue upwards at all. We also had a Head & Shoulders idea a few days ago (link included below) to support this idea. The level to look out for the support break is 0.65644. If we break and close below this area, then the target area is 0.63864. That being said, we still cannot ignore the idea of possibly breaking to the upside. The level to break and close above is 0.68242 and then possibly a test of the psychological level of 0.70000. Please do not forget to like, comment and follow, we would love to hear your thoughts! Thank you for your support. BluetonaFX
by BluetonaFX
4
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1H chart levels and targets. We have also added a Goldturn channel (our unique channel drawing method). We have already had a nice test on the channel bottom also inline with 1957 Goldturn support for a bounce up up to 1977 Goldturn resistance. We have a candle body close above 1977 leaving a immediate gap target to 1990 Goldturn. A EMA5 cross and lock will solidify this gap confirmation. This target is also inline with ma200 touch. We have also updated a retracement range for a potential reset also inline with the channel half-line. We are expecting some ranging movement within the channel up and down and will wait patiently for a break and close above the channel top or bottom for a breakout to the next range. We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets. Our long term projection still remains Bullish. BULLISH TARGETS 1990 - EMA5 CROSS AND LOCK ABOVE 1990 WILL OPEN 2006 BEARISH TARGETS 1965 - 1957 - EMA5 CROSS AND LOCK BELOW 1957 WILL OPEN THE SWING RANGE SWING RANGE 1940 - 1929 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
7
GoldViewFX - DAILY CHART UPDATEHey Everyone, Please review our daily chart idea that we have been tracking over the last few months level to level. We completed the Bullish targets and saw price come down to test the retracement range, highlighted by us on the chart over 2 weeks ago. We have highlighted a potential route map of what we expect on this timeframe on the mid to long term projection. This daily chart structure remains Bullish overall; we just need to use our smaller timeframe setups to identify break and lock to track the movement level to level. 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 - MARKET UPDATEHey Everyone, PIPTASTIC finish to the week for us!!! After hitting our Bull target, we saw price drop hitting all Bearish targets and then each structure was broken with ema5 opening movement to the next structure. When we identified the break of the swing range break with ema5, we expected a drop into the next structure and waited patiently for price to find support at 1952 for a perfectly executed buy, as part of our plans to buy dips for a ride all the way upto 1977, over 200 pips.!! We were able to track and trade the movement level to level, structure to structure. BULLISH TARGETS 2021 - DONE EMA5 CROSS AND LOCK ABOVE 2021 WILL OPEN UPPER LEVELS 2036 AND 2O47 - NO CROSS AND LOCK BEARISH TARGETS 2006 - DONE EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1989 - DONE 1977 - DONE We will now come back Sunday with our multi timeframe analysis and trad8ing plans for the coming week. Have a great weekend everyone and please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR up to the next structure at 1977, over 200 pips.
OANDA:XAUUSD
by Goldviewfx
11
GoldViewFX - MARKET UPDATEHey Everyone, I wanted to share this chart again to highlight the swing down we were expecting. As we continued with our plans to buy dips, we maintained our risk management due to the detachment reset below; highlighted on the chart and also the axis trendline acting as resistance. Our Bullish targets were complete on our 1h chart idea earlier this week before the big drop and now any open positions can be managed with buying dips from this lovely drop. We will let the market play out tomorrow and then update all our levels and fresh targets for the coming week and range over the weekend. GoldViewFX LAST UPDATE Hey Everyone, Please review the full plan that was shared below on last weeks update. The only new thing to add to this, is the fact that we have a big detachment below to EMA5. We may see some big swings to attach price to ema5 and then continue with the bullish move again. We will need to keep this in mind throughout the month, while trading the intraday movements on the shorter timeframes and manage our risk accordingly to absorb any potential swings. PRE-LAST WEEKS UPDATE After tracking and trading our previous monthly chart idea over the last few months and smashing all our targets, we have now updated the monthly chart idea with a new updated long range/term target at 2185 AXIS. Price is currently at a crucial part of the range testing and playing on the axis trendline. We will need to see price close above the axis trendline this month to open the range above. Ema5 cross above the axis trendline will further support the movement. If we see price and EMA5 play under the AXIS trendline then we can expect price to test 1865 Goldturn for a retest and to establish support for a bounce. We will now use the smaller timeframes to track and trade the movement level to level keeping our long ter chart idea idea in mind. We will continue with our plans to buy dips, as our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold. Ema5 break above the axis trendline will potentially secure movement into the new ATH range. 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
11
GoldViewFX - MARKET UPDATEHey Everyone, As stated yesterday the swing range was not fully complete and there was room for further move down. We got the full test on the swing range today completing this entire chart setup with all BULLISH and BEARISH targets now complete on this idea. The swing range identified gave a nice swing bounce to catch. As long as EMA5 remains above the swing range we should see a push up. A break below the swing range and we see the structure below open up for target. We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated axis targets. Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart. BULLISH TARGETS 2021 - DONE EMA5 CROSS AND LOCK ABOVE 2021 WILL OPEN UPPER LEVELS 2036 AND 2O47 BEARISH TARGETS 2006 - DONE EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1989 - DONE 1977 - 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
20
BluetonaFX - EURUSD Trade IdeaHi Traders! Please see the updated chart for EURUSD. We have a possible reversal to the bearish price channel. We have the first resistance around the 1.09082 level, which is the April 17th 2023 low that we broke as Support. If we retrace from 1.09082 instantly, we are likely to target the support level of 1.08313, which is the low for April 10th 2023. If we break and close above 1.09082, the next key resistance level is 1.09433. We are currently above the 50 Moving Average. However, this is slowly looking to turn. This also supports the possibility of a reversal to the bearish momentum. Please do not forget to like, comment and follow. We appreciate your support. BluetonaFX
by BluetonaFX
GoldViewFX - MARKET UPDATEHey Everyone, As mentioned yesterday price was playing between the structure 2006 and 2021 and we needed either one to break to confirm movement to the next structure. First we had a test on the retracement range, which gave a nice bounce that allowed us to capture clean 50 pips. We then finally got one of the structure break at 2006 with ema5 opening and confirming the swing range target, which we are now seeing hit and challenged. Our setup strategy and this chart idea has allowed us to track the movement up and down level to level. The swing range is not fully complete and has room for further move down but its well within the support structure so can expect some bounces up to capitalise on. We expect to see some side by side ranging movement on this range to establish range before a fresh breakout. We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated axis targets. Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart. Our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold. BULLISH TARGETS 2021 - DONE EMA5 CROSS AND LOCK ABOVE 2021 WILL OPEN UPPER LEVELS 2036 AND 2O47 BEARISH TARGETS 2006 - DONE EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1989 - 1977 1989 - 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
14
GBPUSD 12/05/2023 IDEA UPDATEHi Traders! Our trendline break setup on 12/05/2023 fulfilled our idea, we rallied to retest the trendline break and had a small squeeze back inside the trendline before moving back down. There was a great risk-reward opportunity here for a re-entry short and we are now looking for another test of May 2023's lowest level at 1.24355 to see if we can break and continue to the downside. We will continue to keep a close eye on this one and will inform you of any other setups we identify. Please like, comment and follow to support us. We really appreciate it. BluetonaFX
by BluetonaFX