NZDJPY thesisHope you are having a great week so far, This is how i'm currently looking at NZDJPY pair; Trading within support and resistance formation. Price broke structure within that S&R and has potential to trade lower. I'm currently waiting for a 1H bearish set up to go short. What's your thought on this pair?
Forexanalysis
GoldViewFX - Market UPDATEHey Everyone,
Another fantastic day of catching pips from buying dips.
As advised yesterday after hitting our target of 1940, that we will now need to see 1940 - 1945 break with EMA5 to confirm the next range above and Failure to break this level will see price head down to find support again. - This played out perfectly with price finding support at our identified retracement range. We then waited for our signal confirmation and rode the move up back to 1941.
We are now ranging between both structures 1918 to 1940, playing tennis. The range will help us to identify entries and exits safely until we see a break of either structure with EMA5 cross and lock.
If we see a confirmed breakout of either support or resistant structure, we will update the chart and our followers accordingly.
Please also keep in mind our daily chart setup (see below), which is also playing out perfectly.
We will continue with our plans to buy dips and will use our Goldturns to identify and navigate up and down to pick safe entries and exits.
EMA5 CROSS AND LOCK ABOVE 1924 OPENED THE FOLLOWING TARGETS
BULLISH TARGETS
1930 - DONE
1934 - DONE
1940 - DONE
BEARISH TARGETS
1924 - DONE
1918 - DONE
EAM5 CROSS AND LOCK BELOW 1918 WILL OPEN 1911, 1904 AND 1895
SWING RANGE
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!
75 - 100pips long UsdChfMarket has previously created a nice level where a possible bullish push could be generated. Also, inverted head and shoulder pattern could be printed if price action completes pattern from neckline. If price action is warranted this bullish push should run for 75-100 pips for a nice risk to reward.
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone,
Quick update on our 4H chart.
As you can see this is playing our beautifully with price respecting the Goldturn ascending channel.
We advised yesterday that price was challenging and hovering just below the half-line of the channel and that If the half line holds we will see movement down into the retracement zone for a challenge. - This played out perfectly with price hitting the retracement zone on the nose followed with a nice push up back into the channel.
We also HIT our 1941 Target which completed this chart idea. We will need to see a EMA5 cross and lock above 1941 also inline with the channel half-line to see another attempt on the channel top.
We will track and trade the movement level to level using our EMA5 cross and lock strategy to confirm the movement and we will continue to buy dips from support levels to allows us to handle and manage swings safely.
BULLISH TARGETS
1941 - DONE
EMA5 CROSS AND LOCK ABOVE 1941 WILL OPEN 1952, 1964 and 1975 (INLINE WITH CHANNEL TOP)
BEARISH TARGETS
1916 - DONE
1906 -
EMA5 CROSS AND LOCK BELOW 1906 WILL OPEN 1893, and 1876.
SWING RANGE
1876
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
25 minutes ago
Trade closed: target reached
GoldViewFX - MARKET UPDATEHey Everyone,
Another fantastic day for us with our last update yesterday highlighting 1940 being the last remaining target on this chart idea.
This target was HIT today - BOOOOOM!!
This also followed with a sharp tank down in price but once again found support at the identified retracement range, which provided support for another push up.
We will now need to see 1940 - 1945 break with EMA5 to confirm the next range above. Failure to break this level will see price head down to find support again.
We will continue with our plans to buy dips and will use our Goldturns to identify and navigate up and down to pick safe entries and exits.
EMA5 CROSS AND LOCK ABOVE 1924 OPENNED THE FOLLOWING TARGETS
BULLISH TARGETS
1930 - DONE
1934 - DONE
1940 - DONE
BEARISH TARGETS
1924 - DONE
1918 - DONE
EAM5 CROSS AND LOCK BELOW 1918 WILL OPEN 1911, 1904 AND 1895
SWING RANGE
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
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our 1H charts with updated Goldturn support and resistance levels and targets. We have also marked all the structured zones that will allow us to identify potential breakouts to the next zone and allow us to navigate this up and down level to level.
We had EMA5 crossing above 1924 opening the upper levels, which one by one got hit. However, it left a target at 1940 open and retraced back looking for support. The levels above are now all open once again.
We will continue with our plans to buy dips and will use our Goldturns to identify and navigate up and down and pick out safe entries and exits.
EMA5 CROSS AND LOCK ABOVE 1924 OPENNED THE FOLLOWING TARGETS
BULLISH TARGETS
1930
1934
1940
BEARISH TARGETS
1924
1918
EAM5 CROSS AND LOCK BELOW 1918 WILL OPEN 1911, 1904 AND 1895
SWING RANGE
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
GoldViewFX - DAILY CHART UPDATEHey Everyone,
Please see our updated daily chart setup and structure.
PRE-LAST WEEKS UPDATE
The daily chart remains very much Bullish with a candle body close above 1857 opening a gap target to 1879 only. However, if we see EMA5 follow through and cross and lock above 1857 then we will potentially see the full upper range open to the next resistance structure upto 1927.
- This played out to perfection, as we saw the EMA5 cross and lock above 1857 with plenty of opportunity to get in for the movement catching the ride up. We got the movement up all the way from 1857 to 1921, which still leaves a small gap to 1927 open.
LAST WEEKS UPDATE
Our next challenge to track and observe will be a cross and lock above 1927 to open levels upto 1968.
- This is playing out now but EMA5 has not crossed 1927. However, we have 2 candle body close above 1927, which is the first level of confirmation but we will need to see the ema5 cross and lock to confirm this movement and validate the break to open the upper level upto 1968
We need to be mindful and, as always not to chase the bull from the front. We will wait for our usual dips to support confirmed with our signals before taking buys using our smaller timeframe setups, managing a tight and effective risk exposure. This will allow us to absorb these swings safely before riding the wave back up, as you have already seen us do time after time.
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
GoldViewFX - WEEKLY CHART UPDATEHey Everyone,
This is the weekly chart we have been tracking and following for our long-term targets and as you can see this is playing out perfectly.
As highlighted last week, we got the EMA5 cross and lock above 1858 with our next target of 1928 HIT last week. The weekly candle failed to close above this level , which may now follow with some retracement but ultimately the last longer range target above remains open, now that we have the cross and lock above 1858.
As you have seen previously, while tracking the weekly chart, we will see swings up and down and a slow climb starting with candle body closes followed with ema5 detachment touches down for retracements, before we get a push up to hit the next targets.
Looking at historical movements in this range, we will keep in mind expected swings down, which have historically been good buying opportunities from the dips
We will use our smaller timeframe setups to navigate and trade this range level to level.
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
GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone,
This is our Monthly setup that we have been tracking and trading for the last 4 months and as you can see this has played out perfectly hitting all our Bull targets like we projected. Please review the last 4 months update on this chart so you will be able to see how well this played out.
We are now at strong resistance zone and although there is room for tests above highlighted by our last arrow into the test zone, its an area where a lot of traders will get stuck both ways. Historical data shows, although this level of zone is a resistance area, we see aggressive movements into the upper areas without price being able to sustain itself, which always leads to wick outs.
We are now likely to get those tests above followed with retracements. It is crucial for us to use our smaller timeframes to navigate potential swings and capitalise on the move.
We will now also slow down with our intraday trading, as the next 4 weeks will be crucial in terms of long term direction for gold. If the test zone manages to secure candle body closes then we can also gear up for a test to all time high and potentially beyond this year.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - END OF WEEK UPDATEHey Everyone,
What can I say... Our chart idea has absolutely played out to perfection. Not only have we traded the movement but we tracked it level to level and in order.
As you can see, we had the first test to 1919 resistance structure beginning of the week, clearing the first run of our Bull targets. We also highlighted and projected the retracement range, identified for the support test providing the perfect buying opportunity for the ride up, which we caught with layers on the way down to ride all the way up. This was confirmed with the levels that were left open on the first challenge to 1919 confirmed with EMA5 lock.
We will now come back Sunday with our multi timeframe analysis and trading plan 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
💵Australian Dollar/Japanese Yen💵Analyze (01/19/2023)!!!The Australian Dollar/Japanese Yen is enclosed between two zones of resistance and support and the line of the downtrend and uptrend lines.
The Australian Dollar/Japanese Yen has reacted well every time it hits the downtrend and uptrend lines in the support and resistance zones.
This time, the Australian Dollar/Japanese Yen was able to make a 🌅Morning Star Candlestick Pattern🌅 on the uptrend line too, and I expect the Australian Dollar/Japanese Yen to rise to the resistance zone again.
We can also see Regular Divergence(RD+) between the price and RSI indicator.
🔅Australian Dollar/Japanese Yen Analyze ( AUDJPY ) Daily Timeframe⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just 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.