💁♂️🟨XAUUSD / 1H As you can see, in the one-hour time frame of the range of 1763, there is a negative reaction.💹
If the support range of 1750/1755 is maintained. The possibility of growth up to the range of 1768/1770 can be considered. Otherwise, further correction.💹
In the daily time frame, it is important to stabilize the price above the 1760 range for a positive trend.❗️⚠️
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
Forexanalysis
USDJPY: BEARISH Market Analysis! Watching for CONTINTUATION!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
In HTF, after a long uptrend inside a wedge, the market finally broke the structure to the downside, starting its bearish impulsive phase.
At that time, we were waiting for a LTF correction, to proceed the downward movement, and that’s exactly what the market performed.
However, in LTF, the market looks evolving the structure and it may be not ready yet to the complete its second impulsive phase.
As you can see on the chart, the retracement is started and we can’t predict where and/or when is gonna finish.
When, where and why would we step into the market?
The overall bias looks still very bearish, and we will be looking for a short position if the market will form further continuation or potentially retest the swing high for a bigger structure, trying to enter the market during the reversal formation if confirmations will be formed.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
EURUSD: Will The Price Continue To Rise?EURUSD - Bullish Pattern In Development
The EURO began to rise over the last few days and optimism
for the FED to hold off on further interest rate hikes are helping
the EURO regain some of its lost territories.
During the coming week, both scenarios are possible in my opinion
considering that the price is only at the beginning of a possible
change in trend.
Targets:
🎯 1.0585
🎯 1.0760
Thank you and Good Luck!
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see updated Goldturn levels and targets for our 1H chart setup.
Price is ranging between both support and resistance structures. We saw price tested 1758 resistance twice last week but EMA5 failed to cross 1758 confirming the rejection foe the push down. We then saw price break below 1750 but EMA5 failed to cross 1750, which confirmed the rejection for the push up. We will need to see a break of either of these levels with EMA5 cross and lock to confirm the next structure.
BULLISH TARGETS
1754
1758
EMA5 CROSS AND LOCK ABOVE 1758 WILL OPEN UPPER LEVELS (1761, 1765, 1767)
BEARISH TAREGTS
1750
1746
EMA5 CROSS AND LOCK BELOW 1746 WILL OPEN THE FULL SWING RANGE
SWING RANGE
1730
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 - 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see updated 4H chart weighted Goldturn levels and targets. We are now seeing price range sideways between 1739 - 1755.
EMA5 failed to cross 1739 twice forming a double bottom confirming the push up. We are now seeing price test 1755 but failed to cross with EMA5. We will need to see this level break to confirm 1778.
Our plans to buy dips from support levels is 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
1755
1778
1797
BEARISH TARGETS
1739
1718
SWING RANGE
1707
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,
Please see our updated weekly chart analysis.
As you can see our long-term plans on the weekly chart is playing out perfectly. Although we are Bullish long term, we identified EMA5 detachment below, which was attached last week on the retracement, as expected and analysed by us, followed with the push up once again.
This area of resistance that price has challenged; historically always tested more than once and then eventually broken to the upside, otherwise followed with a huge drop down, which we currently can't see.
This is our long-term view, so we will keep this in mind while tracking and trading the movement level to level on the shorter timeframes.
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
EUR/AUD DOUBLE BOTTOMA possible EUR/AUD Double bottom pattern spotted on weekly.
what is a double bottom?
A double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. It describes the drop of a security or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (that may become a new uptrend). The double bottom looks like the letter "W." The twice-touched low is now considered a significant support level. While those two lows hold, the upside has new potential.(investopedia)
GoldViewFX - END OF WEEK UPDATEHey Everyone,
Quick closing post for the week. We had a TARGET at 1761 yesterday, which was HIT during the Tokyo session. However, EMA5 failed to cross 1758, which followed with a rejection, as stated yesterday a failure to cross and lock 1758 will follow with this rejection.
However, we remained Bullish from Dips and strategically took buys from the drop using our Intraday levels and MA touches and finally rode the move up again.
We will now come back Sunday with our full multi timeframe analysis for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GBPNZD: A Complex Scenario AheadGBPNZD: A Complex Scenario Ahead
After the price broke down from the previous Head & SHoulder pattern
we can see that it didn't move down further.
Price is moving within a large corrective pattern during all the month
of November.
I am expecting the price to test 1.9500 before it moves down again.
However we have to collect data near 1.9500 before we jump into this sell
opportunity.
Targets:
🎯 1.9345
🎯 1.9245
🎯1.91300
Thank you and Good LucK!
CRYPTO BTC 1:8 RR Trade (2.60%)Another beautiful day for the bitcoin market. We got ourselves loaded in this beautiful trade on bitcoin at 16379. Recently Bitcoin market has taken bearish BOS on the daily timeframe. As a result after taking external structure liquidity on daily market may wanna retrace back to grab the minor structure liquidity that has been marked on the chart. So for that time being we can take long trade if the setup permits. And that is what we expected. M15 Structure was bullish and our aim was to get in the trade. Market took the first pullback, inducing short sellers to generate liquidity for the market makers. Price grabbed all the liquidity in the M15 fractal leg and tapped on the extreme Orderblock. Entry was made after confirmation with target being M15 major structure high and SL below sweep. Now this trade is at BE. Fingers Crossed :D
Happy Trading!
-Team Lamda
EURGBP | Interesting Price Development Inside The TriangleEURGBP | Interesting Price Development Inside The Triangle
Since at the beginning of October EURGBP is developing a big
triangle pattern in time and in price as well.
Price is actually testing a very strong support area and it can rise up again
and the probability is very high that it can test the top of the pattern again.
Targets:
🎯 0.8695
🎯 0.8780
Thank you and Good Luck!
EURAUD CHART ANALYSIS POSTED ON SUNDAY 20 NOVEMBER 2022EURAUD CHART ANALYSIS BUY AND SELL ON REJECTION!!!
TRICKY ONE... Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Trade safe use proper risk management always.
CADJPY: BEARISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
Since a while, this market has been moving and rising up inside a big corrective structure, but enable to break the high of September, it gave us a clue of losing of momentum, confirmed in lower time frame by the formation of an expanding structure broke to the downside.
The impulsive phase looks started already, breaking the main HTF corrective structure and currently consolidating, eventually for the next impulsive phase.
When, where and why would we step into the market?
The general bias for JPY pairs, is still quite bearish according with our view, then we will be looking only for short positions.
The market reached the bottom of the structure and if the further breakout and continuation will be confirmed, we will definitely enter CADJPY, targeting the next level at about 102.500.
However, we don’t exclude the possibility of reverse, so with no confirmation, no entry.
Just another little tips, CAD news on the calendar, so be carefully If you are entering this market!
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.