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BULLISH ON EURCAD. SWING TRADEEntry: 1.4455 TP 1.4665 SL 1.4380 Vice-President of the European Central Bank Luis de Guindos stated that he believes the actions taken by the ECB so far has not been sufficient. ECB policymaker, Peter Kazimir pointed our that restrictive rates and strong action are necessary and should be in place for a longer period. At least in the first half of 2023. Also said that any recession resulting from this plan will be short and manageable. The current sentiment is mixed. As increasing rates for the euro may contribute to the recent uptrend, but it is uncertain whether markets are completely pricing in the hawkish tone
Long
by ErnieTrades_
GoldViewFX - Market UPDATEHey Everyone, And we close off the year on a high, we've had quite the booming year in 2022 here at GVFX. To have an industry-leading hit rate for winning trade ideas and ROI for the accounts that we personally trade, whilst sharing that success with novice traders and followers. What a fantastic finish to the year for us. All our chart ideas for this week once again have played out according to our analysis. This chart was updated yesterday for today and once again we had a nice push up into our highlighted target area. BOOOM! We will now come back on Monday with our multi timeframe analysis and trading plan for the coming week. We have some exciting developments for 2023 and wish everyone a successful trading journey in the new year regardless of whether you are part of the GVFX team or not BULLISH TARGETS 1802 - DONE 1807 - DONE EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 - DONE Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
22
GoldViewFX - How to draw support and resistance levelsHey Everyone, This is a repost for our newbies. As promised alongside our analysis and reports we will also be posting basic educational posts to help newbies. Today we show you how to draw support and resistance levels the GoldViewFX way. There are so many ways to draw and establish support and resistance levels. Typically this is an area where price stabilizes and fails to break providing support or resistance to price. Visually this can be represented by drawing a line to identify those areas. This can be drawn and identified in different ways. The 3 ways we draw support and resistance levels are as follows; Firstly we identify where price is stabilized, this is likely to show a collection of candles side by side or by a candle or wick touch to a price and then a big retracement. 1 - We draw a line on the top or bottom of the candle body close of an area that price fails to break. Typically the highest or lowest wick from the collection of candles. 2 - We draw a line on the top or bottom of the candle body close of an area price fails to break. Typically the highest candle from the collection of candles. 3 - We identify the turning point of our moving average line (EMA5 IN OUR CASE). We then draw a line on the top or bottom of this turn (This is unique to us, so don't forget if you see it anywhere else). Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
18
GoldViewFX - Market UPDATEHey Everyone, As you can see once again our updated idea posted yesterday has once again HIT perfectly as shown by the arrows. Price is still within the range and with the upper level structure open once again for a challenge at 1822 and 1828. However, We will continue to buy from support levels and not chase the upper structure without support tests, like we have been, to protect us from swings and provide safe entries. Taking extra caution now due to month and year end potential profit taking... If we see the channel bottom broken with a EMA5 cross and lock below 1793 then we will potentially see the full swing range. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top. BULLISH TARGETS 1802 - DONE 1807 - DONE EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 - DONE BEARISH TARGETS 1793 EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772 SWING RANGE 1772 - 1779 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. 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 | Watching for a reversal The price on AUDUSD fell to new lows Tuesday, December 20, 2022. If this is a true price reversal, price can potentially stay below 0.68921 and decline back down to 0.66281. What will invalidate this analysis is if price pushes back past the high price of 0.68921. If this analysis does not work out The invalidation of the analysis can lead us back up to true weekly timeframe to analyze the true bearish trend of AUDUSD. However, we are not there so following the current trend on the daily is more valid. This is a beautiful 2.15 risk to reward trade. It’s worth the look. I’d love to read your thoughts on this pair. Also, thanks for the likes and support!
Short
by ShaquanLopez
1
BUYING DIPS/SELLING TOPS - KEEPING A CLEAN PSYCHOLOGICAL PROFILEHey Everyone, Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions. Now a question that typically arises here is why would it still be advisable to buy when the market is pushing down? Firstly, let me assure you that the same algorithms, experience and strategies that we use to achieve a 97% hit rate with our bullish directional bias also gives us the heads up, or down if you will, on when the market is going down. Don't think for a moment that we only know how to analyse a bull market or up trends. We share targets/signals for both buys and sells but choose not to hedge out of choice. Our published results remain consistently profitable month in month out!! In my experience, in the current market conditions, it is much safer to get out of a stuck buy position than a stuck sell position. That's not to mention the clean PSYCHOLOGICAL PROFILE that is achieved when trading in just one direction. And although hedging can in theory work, it requires years of experience and in the end, is simply not worth the effort. I am more than capable of hedging effectively but the fact that I do not should tell you something. Let us look at an example to further answer the question highlighted above. When you have short-term bearish momentum down, we take buys from key supports or MAs which act as dips. Remember that the market does not go up or down in a straight line (with the rare exception of short-lived parabolic moves). So, when the market is going down and hits one of our key levels, a buy from that point will go back up for 20 to 30 or 30 to 40 pips (this number of pips has been calibrated based on back testing) before resuming back down. You can think of it like this. The market moves in a zigzag manner. The zig is that part of the leg which is going down to create lower lows (if the downward trend is continuing). The zag is that part of the leg which takes a breather and pushes back up with momentum for our entry and quick pip-take range to create a lower high (if the downward trend is continuing) before heading back down again. We catch the right and safest waves (buys) in and out and surf to success. When price hits a key structural support or stops creating lower lows and lower highs, we then reassess for entries with a wider range of pip capture. Hope this post helps our followers to understand how we keep our psychology strong!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
26
GoldViewFX - Market UPDATEHey Everyone, As you can see our 4H chart idea has been playing out well with Bullish targets now all Hit, including our extended targets we shared yesterday to 1822 and 1828 - BOOOM! Price retraced down and found support at our channel floor, where we confidently took our long position for a perfect exit at 1809 confirmed with our algo. Price is now back in the range and therefore our chart idea is now back in play to track and trade using EMA5 cross and lock, as we continue to buy dips from support levels. If we see the channel bottom broken with a EMA5 cross and lock below 1793 then we will potentially see the full swing range open. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top. BULLISH TARGETS 1802 - DONE 1807 - DONE EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 - DONE BEARISH TARGETS 1793 EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772 SWING RANGE 1772 - 1779 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. 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, Our 4H chart setup is also playing out perfectly with 1802 and 1807n now HIT completing the setup. We are now looking for EMA5 to cross and lock above 1707 on this chart to confirm 1817, 1822 and 1828. Although 1807 has locked on the 1H chart it will strengthen the direction further by also locking on the 4H chart by extending the targets to 1822 and 1828 If we see the channel bottom broken with a EMA5 cross and lock below 1793 and we will potentially see the full swing range open. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top. BULLISH TARGETS 1802 - DONE 1807 - DONE EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 BEARISH TARGETS 1793 EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772 SWING RANGE 1772 - 1779 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GoldViewFX - Market UPDATEHey Everyone, As you can see both our targets, we highlighted on this idea are now complete. We trailed tis up from 1800 banking profits at 1807 and trailed to 1810. Price closed last week testing 1798 Goldturn just below the MA200 moving average. We had a EMA5 cross and lock above 1795 last week above the structure opening 1803 and 1807. We saw 1803 HIT and rejected leaving 1807 still open. We need to keep this 1807 target in mind. - BOOOOOM THIS PLAYED OUT TO PERFECTION. EMA5 has now crossed and locked above 1807 leaving 1814 and 1819 open. We will track and trade this movement level to level keeping in mind when levels and structures are open with EMA5 to strategically place our entries, as we continue to buy from dips. BULLISH TARGETS 1803 - DONE 1807 - DONE EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1814 AND 1819 BEARISH TARGETS 1795 1791 1786 EMA5 CROSS AND LOCK BELOW 1786 WILL OPEN 1783, 1780, 1777 SWING RANGE 1773 -1777 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - BENEFITS OF USING SMALL LOTS TO MANAGE RANGESThe temptation of using bigger lot sizes is something all traders experience in some parts of their trading journey. Yes, the wins can be nice, but the losses can be even greater and damaging. The benefits outweigh every time!!! MOVE BIG RANGE We cannot emphasize enough the benefits of breaking down lot sizes to micro lots to learn how to move and manoeuvre the range in a volatile market. Using small lots allow you to do this. MORE FLEXIBILITY The flexibility to add to existing positions or get better entries is only possible when account is not over exposed. Smaller lots give you the flexibility to chop and change and add to positions, allowing you to move big ranges and making changes throughout the move. POWER OVER FEAR Bigger lots exposes our accounts, which makes decision making very hard due to fear of loss and blown accounts. Small lots allow you to control and manage fear throughout the process. STRONG PSYCHOLOGY Having power over your fears is the greatest feeder to a strong psychology for a traders mindset. Strong psychology allows a trader to build consistent performance and profits. LIVE TO FIGHT ANOTHER DAY The ability to get second chances is something everyone can appreciate in life. Smaller lots allow you to make mistakes and try again. Hope some of our new traders find this information useful. Please don't forget to like, comment and follow to support our work. We really appreciate it! GoldView
OANDA:XAUUSD
by Goldviewfx
18
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our 4H chart updated Goldturn support and resistance levels and targets. As you can see price is respecting our Goldturn channel and now testing the lower channel bottom also in line with 1793 Goldturn support. If we see the channel bottom broken with a EMA5 cross and lock below 1793 and we will potentially see the full swing range open. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top. BULLISH TARGETS 1802 1807 EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1717, 1722 and 1728 BEARISH TARGETS 1793 EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772 SWING RANGE 1772 - 1779 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. 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 - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our 1H chart updated Goldturn support and resistance levels and targets. Price closed last week testing 1798 Goldturn just below the MA200 moving average. We had a EMA5 cross and lock above 1795 last week above the structure opening 1803 and 1807. We saw 1803 HIT and rejected leaving 1807 still open. We need to keep this 1807 target in mind. If we see price stay above 1795 on market open, we should see another test at 1803 and 1807 that was left open. A break below 1795 and the Goldturn trendline and we could see price back into the retracement range. A EMA5 cross and lock below 1786 and we will see price into the swing range. We will track and trade this movement level to level keeping in mind when levels and structures are open with EMA5 to strategically place our entries, as we continue to buy from dips. BULLISH TARGETS 1803 1807 EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1814 AND 1819 BEARISH TARGETS 1795 1791 1786 EMA5 CROSS AND LOCK BELOW 1786 WILL OPEN 1783, 1780, 1777 SWING RANGE 1773 -1777 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. 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 - DAILY CHART STRUCTURE AND ANALYSISHey Everyone, Please see am updated daily chart structure, As you can see the daily chart is very much in a Bullish stance challenging the resistance structure in the range AT 1817. Although we saw price break above this level, we need to see either a candle body close or for stronger confirmation EMA5 cross with a candle body close above this level to open 1857 Goldturn. If we see a rejection at this level and as we are seeing now then price will go and test the lower range at 1742. However, this rejection right now may find support above ma200 as EMA5 is still above ma200. If we see MEA5 cross ma200 then it will further solidify the move down to 1742. The range into 1742 is still within a swing zone and therefore we will remain with our long-term stance to buy dips from these swing zone levels using our smaller timeframe setups to pick entries. As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - WEEKLY CHART UPDATEHey Everyone, This is the weekly chart we have been tracking and following for our long-term targets. Just like last week another weekly candle body close above 1787. We did see the push down once again like last week. However, as you can see, this retracement once again went down for the detachment to EMA5 and found support like last week. Soon as price attached to the EMA5, we saw price continue to push back up and break 1787 and close above it. We have now seen 4 weekly candle body close above 1787 opening up a long range gap to 1858 but not confirmed. However, please keep in mind a similar situation highlighted on the chart previously. We can still see a rejection on this zone for a bigger drop into the lower range, as seen on the last historical challenge. We need to see EMA5 cross and lock above 1787 and not just candle body close to confirm the break and gap target to 1858. This is how we confirm whether it's a breakout or fake out. EMA5 has slowly creeped up and is now touching 1787 and at crucial challenge point of this level. We will either see the big retracement down or the cross and lock to open and confirm the 1858 target We will use our smaller timeframe setups to navigate 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
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - END OFF WEEK UPDATEHey Everyone, Following on from yesterday, as expected a nice bounce from 1783 Goldturn. We trailed our long positions all the way upto 1800 for a perfect finish to the week. We have a back to benchmark range at 1815 from yesterday's breakout, which we expect a retest on at some point and also a gap above left open to 1831. We will keep these levels in mind in mind and as always look to get in from the right support levels, like we did today. Any big drops are buying oppurtunites for us. We will now come back boxing day for our multi timeframe analysis and plans for the coming week. Although volumes will be low during the holiday period, we will be active as always and continue to monitor and update the chart ideas. Enjoy your weekend with family and loves ones. 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, We slowed down yesterday after hitting our 1822 target and expected retracement to jump back into the longs. There was an ema5 detachment to 1805 which we identified as the first point of support for retracement, which was HIT perfectly. We tested the waters with a small buy position, which we took out as we could see price heading for our once-a-month MA21 touch on the daily chart, which is also in line with ma200. This usually provides good dynamic support, so we took a stronger buy position from the bottom to bank and trail. As you can see from the daily chart although we saw a well overdue retracement down in gold today the overall structure still remains in a Bullish framework, and we are still within the swing range of our 1H chart. If we see a EMA5 cross below ma21 on the daily chart we can expect the lower support highlighted to be tested otherwise failure to cross and we should see price head back into hitting the upper levels that have now been left open. Waiting patiently and taking strategic entries, like we do, is the safest way to trade these conditions and range management is crucial. 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
18