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Could the rising wedge still be valid on the EUR/USD?With short positions still being held at 1.0788 and 1.0645, I'm looking to see if we break below that pivotal zone which would potentially open things up for sellers to come pouring in. I will not look to add any positions as of right now. The best course of action is to stay patient and observe the price action. If we do break, I will lower stop losses to control risk and let it ride potentially towards 1.0100. Trade idea is invalidated if we find strong support around 1.0600 - 1.0550 zone.
by InternalTraderNYC
GoldViewFX - Market UPDATEHey Everyone, The power of staying in the one direction plays out again with support holding for a lovely push up. Those of you who are following our plans to buy dips, well done!!. 1824 our first BULL TARGET now complete. We now also have a EMA5 cross and lock above 1824 opening the next level at 1833 and potentially 1844, as the range is open. Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips. IMPORTANT NOTE FOR NEW FOLLOWERS Swing range opening does not mean a full test but even staying within the swing range will allow us to buy dips, taking safe entries for safe exits on Goldturn resistance levels. Its a structural level of support range. BULLISH TARGETS TARGETS 1824 - DONE EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841 BEARISH TARGETS EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792 SWING RANGE 1792 - 1785 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
GoldViewFX - Market UPDATEHey Everyone, Fantastic start to the week. We got the Goldturn above 1810 when market opened. We highlighted this on our analysis below, which confirmed the move up. However, it followed with a move down allowing us to get our long positions in for a perfect entry, taking a nice take profit at 1816 for a safe exit confirmed with our signal. The move down before pushing up also broke the 1810 level leaving gaps open below into the swing range. As mentioned before the swing range does not mean a full test but even staying within the swing range will allow us to buy dips, taking safe entries for safe exits on Goldturn resistance levels. Gaps are left up and down. Trying to catch both is what the market wants. We will, as always trade this one way. LAST POST Please see our updated 1H chart Goldturns and targets. Price is currently testing a support structure at 1810. EMA5 has started to do a turn just before the market closed but not a full Goldturn. First few hours of market open is crucial, as a confirmed full Goldturn above 1810 will confirm a immediate bounce to 1824, as the next target and a cross below 1810 will open targets towards the swing range. EMA5 cross and lock above 1824 will open targets upto the next resistance structure. Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips. BULLISH TARGETS TARGETS 1824 EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841 BEARISH TARGETS EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792 SWING RANGE 1792 - 1785 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
15
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1H chart Goldturns and targets. Price is currently testing a support structure at 1810. EMA5 has started to do a turn just before the market closed but not a full Goldturn. First few hours of market open is crucial, as a confirmed full Goldturn above 1810 will confirm a immediate bounce to 1824, as the next target and a cross below 1810 will open targets towards the swing range. EMA5 cross and lock above 1824 will open targets upto the next resistance structure. Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips. BULLISH TARGETS TARGETS 1824 EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841 BEARISH TARGETS EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792 SWING RANGE 1792 - 1785 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
34
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4H chart Goldturns and targets. The 4H chart is looking bearish with price closing with a break below 1817 structure opening the swing range. We will also keep in mind a potential pull back to 1836. The opening of the swing range does not mean the full 1779. Price can test the first level within the swing range at 1797 Goldturn and also find support. Usually we see a reaction or a bounce on any of the Goldturns within the swing range. The break of the swing range will break a big structural support and potentially open a new range below. Its decision time on the chart so lets see what the market brings this coming week. Short-term technical structure may look Bearish but the overall long term structure is still in a Bullish framework. We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips. Bullish Targets 1836 EMA5 CROSS AND LOCK ABOVE 1836 WILL OPEN 1854 and 1865 BEARISH TARGETS EMA5 CROSS AND LOCK BELOW 1817 WILL OPEN 1797 AND 1779 SWING RANGE 1779 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
GoldViewFX - WEEKLY CHART UPDATEHey Everyone, This is the weekly chart we have been tracking since last year. As you can all see, we tracked this move all the way down and then all the way up level to level. We then saw the reaction on the axis trendline resistance for the move down. This Axis trendline was respected perfectly. There is still room for further movement down as we are seeing price head towards the swing range. The swing range is a strong support zone and we will likely see a reaction within this range. As you have seen previously, while tracking the weekly chart you we will see swings up and down. The weekly move requires detachment resets that can take a week to hit, making it difficult to establish a intraday setup. Therefore, we will use our smaller timeframe setups to navigate and trade this range level to level, while keeping the overall structure in mind. As always, we will keep you all updated with regular updates throughout the week and how we manage the 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 - MONTHLY CHART UPDATEHey Everyone, Please review our monthly chart update. This is still valid and very much in play and gives us an overall picture of what we are likely to see and why. The monthly chart we have been tracking for a few months now, allowed us to predict and ride the entire Bull run close to its final target zone. Although there's room left above to test the ATH, we were well overdue some correctional retracement, which is taking place this month. We also had a EMA5 detachment below between the 1832 - 1810 range, which fell inline with the movement down and played out perfectly for the touch. This monthly candle close will be crucial to see if this EMA5 detachment provides the dynamic support to start another Bull run or a test to 1777 for the Goldturn support. We still have a few days before the month closes and so its crucial to see where we finish off with the monthly close. The room to open a new range below is very close, as we see price play in the central zone of the monthly chart structure. 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, We close off the week with our signal TP hit for today. As advised yesterday we had the EMA5 cross and lock below 1824 opening the swing range. This gave us the heads up to wait patiently for the drop. We didn't expect a full swing range test in one go but at least to the next Goldturn at 1810, which was HIT perfectly. We took our signal for 30pips from the bounce for a perfect exit. The swing range is open so we need to keep that in mind when planning to buy dips next week and extend our tradeable range accordingly. We will now come back Sunday with our multi-timeframe analysis and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
5
Technical Analysis on the EUR/USD and what to look forward toFX:EURUSD We take a look at what the EUR/USD may do going forward and how the current short positions unfolded. We have made a nice and steady decline into the main Pivotal zone and the question now is, do we stay short or watch for buyers to come back into the market and swing momentum back to the upside. In this Video, I describe the thought process and outlook on what price action may be showing us next. Hope you enjoy the video and analysis.
by InternalTraderNYC
2
GoldViewFX - Market UPDATEHey Everyone, Price is testing support structure at 1817. We waited patiently and took a buy entry with a safe exit at 1825. It looks like this level is being tested again now and a break below this level with EMA5 will open the 4H chart swing range. The 1h CHART has already locked below 1824 confirming further movement down. However the 4H chart lock will also further reconfirm the movement down. Staying above the swing range maintains the overall Bullish structure in this short term trend down. Therefore, we will we only execute calculated trades from support levels to make sure we remain with our long term trend and use our sell setups to identify the support floors for bounces to catch like today. LAST UPDATE Please see our updated 4H chart Goldturn levels and targets. 1817 Goldturn, which was the previous swing range provided support for the swing up. This is level is a strong support structure. Should we see 1817 challenged and broken with EMA5 we will see the new swing range open below down to 1779. However, right now we are seeing 1817 support providing a nice push up with a candle body close above 1836 opening a gap to 1854. This gap target of 1854 will be strengthened should we see ema5 cross and lock above 1836 with a potential follow through to 1865. Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips. Bullish Targets 1854 1865 EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1882, 1894 and 1906 Bearish Targets 1836 - DONE 1817 - DONE EMA5 CROSS AND LOCK BELOW 1817 WILL OPEN 1797 AND 1779 SWING RANGE 1797 - 1779 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
GoldViewFX - Market UPDATEHey Everyone, We are seeing a ranging day today with price moving sideways and MA's starting to converge together. We usually see this before a breakout or NEWs release and in todays case FOMC minutes. This gives us a opportunity to trade between a tight range. Taking buys from dips using our 1H chart range allows us to pick entries and exits. We are paying small due to FOMC later today and will now wait patiently for any deeper drops into support to buy dips. Please also see our last update on this chart below regarding the 1854 gap, which is now open due to EMA5 cross and lock above 1836. We will wait for FOMC to be over and resume organic movement before tracking this target. As always keep it light and tight!! LAST UPDATE Please see our updated 4H chart Goldturn levels and targets. 1817 Goldturn, which was the previous swing range provided support for the swing up. This is level is a strong support structure. Should we see 1817 challenged and broken with EMA5 we will see the new swing range open below down to 1779. However, right now we are seeing 1817 support providing a nice push up with a candle body close above 1836 opening a gap to 1854. This gap target of 1854 will be strengthened should we see ema5 cross and lock above 1836 with a potential follow through to 1865. Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips. Bullish Targets 1854 1865 EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1882, 1894 and 1906 Bearish Targets 1836 1817 EMA5 CROSS AND LOCK BELOW 1817 WILL OPEN 1797 AND 1779 SWING RANGE 1797 - 1779 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
15
#NZDCAD Analysis by We Trade WavesHey guys, above is NZDCAD Analysis and update for all of you, we are expecting market to go up but we will not enter before getting our Buy Setups and even if market goes down to break the low once more, we will look for Buy Setups again. Can the market change the structure? Sure, if so we will update you here or during our live sessions DO NOT JUMP IN - Jumping in without using stop loss or risking big or following anyone blindly leads to big losses. You have to wait for your setups and use proper risk management! If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment. What we are sharing here is our point of view on what could be the next move in the market based on We Trade Waves wave analysis concept so this is a directional bias and not signals... DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES: 1) Do not over-risk 2) Do not over-trade 3) Do not trade without stop loss 4) Never ever add to losing position DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis. Trade with care We Trade Waves Team
Long
by WeTradeWAVES
4
GoldViewFX - Market UPDATEHey Everyone, Patience always pays off. We were waiting patiently for the support test and we got the drop into the retracement support zone identified on the chart followed with a nice push up into 1841. We took our buy signals from the weighted support structure and took profit at 1837 for a safe exit. We are still within the chart setup range and our levels and structures are still active. We will continue to trade this level to level and track the movement with EMA cross and lock. We will also continue to buy dips from weighted support levels, inline with our overall long term structure. ORIGINAL UPDATE 1833 and 1824 is a support structure providing price support for the bounce. The next resistance structure is sitting at 1857 for a potential challenge. If we see EMA5 cross and lock above 1857 we are likely to see the upper levels open up. For support test a 1833 challenge looks likely. However should we see further bearish momentum a challenge at 1824 is still in range. Should we see EMA5 cross and lock below 1824 then it will open the swing range for a challenge. Failure to break 1824 with EMA5 will see a new Goldturn created above it, providing support for a push up. - THIS PLAYED OUT PERFECTLY We will track this movement level to level up and down and buy dips confirmed with signals. Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips. Bullish Targets 1852 1857 EMA5 CROSS AND LOCK ABOVE 1857 WILL OPEN 1863, 1867, 1872, 1876. Bearish Targets 1833 - DONE 1824 EMA5 CROSS AND LOCK BELOW 1824 WILL OPEN 1810, 1802 AND 1792 SWING RANGE 1792 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
18
NZDCHF Setting Up For Another Sell-OffOn the daily timeframe NZDCHF has been decreasing. We can see a clear lower low and lower high. I'm interested in this setup because. I just lost a 4 hour trade which means price is retracing. If price continues to retrace and can stay below 0.58632, I'll be looking for a sell. What can invalidate this trade? 1. If price does not come back to my estimation zone I will not be triggered into the trade which means price is still moving down. 2. If I am triggered into the trade and price passes 0.58632, I'll be stopped out of the HTF trade. This means price can potentially go higher and I must readjust. Am I ok with the invalidations? Yes. they are what keep protect me from overtrading and tell me how I should adapt. How am I managing the trade? This setup is a 2.24 risk to reward setup. This means whatever my position size is I will gain double and more on the trade. I don't risk more than 1% on an trade. So if I were to risk 1% my reward will be 2.24%. I risked 0.50% my reward will be 1.12% Whatever I risk is my loss and I am ok with what that is. My goal is to lose what I risk or lose no money at all by setting break even points if price moves in profit. I do believe it's important to set all parameters before entering trades. My belief: I deserve to sleep peaceful at night while my trades run. Well, this is my analysis after losing my first trade. I'm excited to keep this journey going. Safe trading. Be blessed. Shaquan
Short
by ShaquanLopez
1
GoldViewFX - DAILY CHART UPDATEHey Everyone, Please see the daily chart we have been tracking with an update from last weeks analysis. LAST WEEKS UPDATE The daily chart saw a rejection from the resistance zone driven by news into just above 1857 Goldturn support. However 1857 is not a strong weighted Goldturn and therefore if momentum continues we may see further move down to 1817, which is a stronger support level for a reaction in price. 1817 area is also inline with MA63, which may also provide some dynamic support and we are also likely to see the remaining MAs magnetise up to form a consolidation area of support. - This played out, as analysed with the 1817 challenge and the reaction bounce from support allowing us to capitalise on the move. Beautiful! Price is still at a crucial level and we need to assess more price action in this range to establish a blueprint. We will trade this remaining month with caution, as a break down below 1817 will likely open the low 1700s. We need to make sure any longs are protected and no long holds on any trades. Banking in stages with our strategy to buy dips at 30 to 50 pips at a time, instead of chasing the bull by the horn, allowed us to take a perfect exit riding the entire bull run without getting stuck at the top. This is the GVFX style of trading and we must continue to track and trade like this. This remaining month is about being patient and waiting for establishing a fresh Blueprint and then we can start HUNTING again. PLEASE BE PATIENT!!!! 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 - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone, Please review our monthly chart update from last week. This is still valid and very much in play and gives us an overall picture of what we are likely to see and why. LAST WEEKS UPDATE This is the monthly chart we have been tracking for a few months now, which allowed us to predict and ride the entire Bull run close to its final target zone. Although there's room left above to test the ATH we were well overdue some correctional retracement. We also have a EMA5 detachment below at 1832. However, 1865 is also a Goldturn support level that may also provide some support. Historically we have seen the test zone above tested at least 3x before we see price fall below 1865. Therefore, there is a good probability potential for another run up to test the zone above going by historical price action. - This played out perfectly for the EMA5 detachment we highlighted last week. This detachment on the monthly chart is now complete. Moving through each timeframe allows us to see what price is trying to do on the shorter timeframes and gives a clearer picture overall. This months closing candle will be an important one, to assess weather price will go back for the test zone challenge or break down into the lower support. 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