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#EURJPY selling position opportunityAs we discussed before in #JPYBASKET analysis ( you can see it in related ideas ) we believe JPY is aiming for higher prices due to technical and fundamental analysis, and in order to take advantage of this move we can sell other currencies against JPY. Price currently in EURJPY pair is moving down and has formed bearish channel in 4H timeframe which can be tested one more time during today trading time or tomorrow. moreover, price managed to get very close to 4H timeframe high and base on market structure analysis if price want to continue moving downward in 4H timeframe it shouldn't close above this area. In conclusion, for taking a short position on this pair base on 4H time frame we need to see price tap into any of two line drove above the price but fail to close above it. and then get rejected from the area. which can prove that sellers are in the market and also the capitulation move is over too. Also for more validation you can wait to see market structure in lower timeframe also shifted in the favor of the downside move.
Short
by mohemati
6
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1H chart Goldturn support and resistance levels and targets. Although the chart structure is Bullish, and we are expecting another challenge to 1806 Goldturn, we must keep in mind this is a resistance structure and failure here may start with some retracement into the areas below. Our plans to continue to buy dips are still in play and we will keep the retracement levels in mind when planning entries. BULLISH TARGETS 1798 1806 EMA5 CROSS AND LOCK ABOVE 1806 WILL OPEN 1815 AND 1822 BEARISH TARGETS 1789 1783 1777 1769 EMA5 CROSS AND LOCK BELOW 1769 WILL OPEN THE SWING RANGE SWING RANGE 1754 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
14
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS`Hey Everyone, Please see our updated 4H chart Goldturns support and resistance levels and targets. The chart structure is looking very much Bullish with all MAs lined up for another push up. However, we will continue to trade this level to level confirmed with EMA5 cross and lock. 1801 and 1815 are an open TARGET left from last week. We will need to see EMA5 cross and lock above 1815 to open the upper levels. We also have a retracement range to 1788 - 1777 to keep in mind when planning any entries. Our plans to buy dips from support levels are still in play. We will look to track and trade the movement level to level using EMA5 cross and lock level to level. BULLISH TARGETS 1801 1815 EMA5 CROSS AND LOCK ABOVE 1815 WILL OPEN 1822, 1833, 1843 BEARISH TARGETS 1788 1777 EMA5 CROSS AND LOCK BELOW 1765 WILL OPEN 1756, 1747, 1738 SWING RANGE 1738 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 - DAILY CHART UPDATEHey Everyone, This is our daily chart update which we have been tracking for a while. We have had another candle body close above 1790 last Friday once again opening the longer range gap to 1856. However, we would like to see EMA5 cross and lock above 1790 to strengthen and confirm this target. We can see EMA5 has now approached this level and very close to challenging and crossing, this is a significant and important challenge on the daily chart. 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 - WEEKLY CHART UPDATEHey Everyone, This is the weekly chart we have been tracking and following for our long-term targets. Another weekly candle body close above 1787. We did see some retracement down last week. However, as you can see, this retracement was due to the detachment to EMA5. Soon as price attached to the EMA5, we saw price continue to push back up and break 1787. We have now seen two weekly candle body close above 1787 opening up a long range gap to 1858. 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 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. 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
4
GoldViewFX - Market UPDATEHey Everyone, Fantastic finish to the week with a lovely push up into our TARGETS and our chart idea playing out as projected. We started the day with our first target 1797 being hit, which we called yesterday for public and VIP. This was hit perfectly - BOOOOOM!!! We then had a buy signal to 1805, which we planned entries from the drop, milking multiple entries and exits till we got the final TP to 1805. The Core PPI data came in greater than forecast and that should have put pressure on gold in a similar fashion to what occurred on Monday. The whipsaw candle on the data release however suggests that this month has been another tally of asymmetrical data and the Fed pivot is no nearer to being a done deal. The Core PPI and the relatively muted response in the gold market suggests that the overall bullish structure will remain in place. We have an interesting new year so stay profitable by following the GVFX strategy and paying attention to how we do things around here. We will now come back Sunday with our full 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! Hope you all have a great weekend. GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
huge short possibility for 1,000+pips or 10,000points us30Market has stopped out early sell entrants taking liquidity on double top forming at current monthly high. Market is in the ideal zone for short on double top pattern formation. Seeking sell position to swing down to the next level which will be around 32850 for roughly 1,300pips or 13,000points as market should make a lower low. 1st tp for short term profits would be 400-500pips or 4,000-5,000points for those that aren't willing to swing trade.
OANDA:US30USDShort
by JeffCarmon
💵Australian Dollar/U.S.Dollar💵Analyze(Short term,12/08/2022)🦈Australian Dollar/U.S. Dollar was retraced from the resistance zone by Bearish 🦈Shark🦈 Harmonic Pattern. Also, we can see one of the best signals in the RSI indicator at 15 min timeframe = Bearish Failure Swing Signal👇 I expect the Australian Dollar/U.S. Dollar will go down at least until the support zone. 🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) Timeframe 15min⏰. 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.
Short
by pejman_zwin