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USDJPY WHAT NEXT AFTER 140.000 BREAK?Hi Traders! Please see target levels for USDJPY below. TARGET 1 - 142.255 TARGET 2 - 144.108 *APEX LEVEL* - 151.946 USDJPY continues with bullish momentum. A couple of weeks ago, we had a long term view (link to idea below) that USDJPY would target the 140.000 level. However, we did not think it would do this so quickly. After a brief pullback from the 140.000 level, we have carried on with momentum and the 142.255 pivot resistance level looks to be the next target. Further to the upside, if we break 142.255, then we have the 145.108 pivot resistance and finally, we have our Apex resistance level at 151.946. *The Apex (our way of saying special resistance) level* of 151.946 is an area we do not often reach. We have only reached this area a handful of times in the past 40 years, so this is a major resistance level. To the downside, if we fail to push around the 140 level and break back below the 138.136 pivot support, we will then go back into the range. Please do not forget to like, comment and follow. We appreciate your support. BluetonaFX
by BluetonaFX
4
BluetonaFX - SILVER CHART UPDATEHey Traders, This chart ideas was shared last week. We shared targets and highlighted that if we saw support break below 23.854 pivot point, we will see the level below open to 22.904. This was hit perfectly once the level was broken. We are now seeing the SILVER PIVOT CHANNEL (OUR UNIQUE WAY TO DRAW CHANNELS) bottom being respected. UPDATED LONG RANGE TARGETS TARGET 1 - 23.854 TARGET 2 - 24.681 TARGET 3 - 25.097 TARGET 4 - 25.518 As long as price maintains above this level we should see a test to our targets above. We will trade this movement in stages from support to resistance and maintain a Bullish stance overall. Please like, comment and follow to support us, we really appreciate it. BluetonaFX
TVC:SILVER
by BluetonaFX
2
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1h chart Goldturn levels and targets. We are seeing price settle in the central zone of the Goldturn descending channel supported by the 1941 Goldturn level support structure. Price is now sitting above the channel half line with targets above at 1952 and 1961 towards channel top. The retracement and swing range are all areas of potential bounces to capture some movement. We are looking for a clean EMA5 break of the channel top or bottom and not price alone to confirm a breakout and not a fakeout in either direction. 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 1952 1961 EMA5 CROSS AND LOCK ABOVE 1961 WILL OPEN 1978 BEARISH TARGETS 1941 EMA5 CROSS AND LOCK BELOW 1941 WILL OPEN THE SWING RANGE SWING RANGE 1918 - 1895 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
24
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4h chart Goldturn levels and targets. If you look at last weeks update on this chart, highlighted with the circle, you will see some nice level to level action that we tracked and traded. We got the target at 1982 followed with the retracement to 1962 and then a re-test at 1982, as shows by the arrows we drew. The rejection at 1982 then followed with a drop into the swing range, inline with the axis trendline support for another bounce. This chart idea gave plenty of opportunity to secure some nice entries and exits from buying dips, as part of our plans. We have now updated the setup for the coming week with immediate target at 1961 and a break and lock above this level will open levels above. A rejection here and we also need to keep in mind the retracement range 1934 AXIS support for another push up. A break below the retracement range and the next support we are looking at will be the swing range, also another area for support, inline with the axis trendline support. The retracement and swing range are all areas of potential bounces to capture some movement. 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 1962 EMA5 CROSS AND LOCK ABOVE 1962 WILL OPEN 1982 BEARISH TARGETS 1942 1934 EMA5 CROSS AND LOCK BELOW 1934 WILL OPEN THE SWING RANGE SWING RANGE 1918 - 1899 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
GoldViewFX - WEEKLY CHART UPDATEHey Everyone, This is our weekly chart mid to long term projections we have been tracking for a while now. We saw the rejection at the axis trendline with ema5 failing to break the trendline creating a new resistance Goldturn at 1999. We stated last week that overall our weekly chart idea shows the target level for this drop into the retracement range, which played out perfectly. We are now looking for this retracement range to hold, as support for another push up. This retracement area on the weekly chart is a crucial test at support structure. A break below this level and the range will be opened up to include the swing range into the 1858 range. 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. PREVIOUS 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
14
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