Forexignals
EURNZD, H4 | Potential bearish reversalWe're seeing price test a major overlap resistance along with a 38.2% Fibonacci retracement. A reversal from here could potentially see prices drop all the way down to our overlap support.
In terms of potential stop loss levels, we're placing it slightly above te 50% Fibonacci retracement to give it a bit of breathing space.
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GoldViewFX - MARKET UPDATEHey Everyone,
We got our first target on our 4H chart idea at 1922, which is our resistant structure. As stated on our chart, we need to see EMA5 cross and lock above 1922 to open the upper levels. We also advised that If we see this area resist, we will possibly see movement into the retracement range. EMA5 has now failed to cross 1922, followed with the retracement starting to play out now.
However, our 1H chart idea (see related post below) has hit the upper targets 1923 and 1927 and also crossed and locked 1919 opening the upper levels.
Although we are seeing the rejection at the 4H chart resistance level, EMA5 has crossed and locked above the channel and the upper levels are also open on the 1h chart, which suggests we are likely to see another retest at this 4H chart resistance level at some point.
We will need to see a break above ema5 cross and lock above 1922 to get another clean run into the upper levels on this chart.
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.
EMA5 CROSS AND LOCK ABOVE 1922 WILL OPEN 1932, 1941, 1950 and 1964
BULLISH TARGETS
1922 - DONE
1932 -
1941 -
1950 -
1964 -
BEARISH TARGETS
1914 -
1905 -
1896 -
EMA5 CROSS AND LOCK BELOW 1905 WILL OPEN 1896, 1880 and 1871.
SWING RANGE
1854
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
GoldViewFX - WEEKLY CHART UPDATEHey Everyone,
This is the weekly chart we have been tracking and following for our long-term targets.
Previously we hit our 1858 target, which we identified with our analysis and setups and we also advised that we had a new long range target at 1928 and then 1986. This was confirmed with candle body close only, which is also playing out perfectly. The move up was very aggressive so EMA5 has not had a chance to cross and lock. EMA5 cross and lock will only strengthen these targets further.
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.
Locking 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
GBPJPY | How Can You Trade The Bearish Wave? Trading StrategyGBPJPY | How Can You Trade The Bearish Wave?
In the 4-hour chart, the price is showing
a very strong resistance zone located between 163.50 - 163.90
On the 60-minute chart, we have a possible head and shoulders pattern.
We have to wait until the price drops below the neckline
pattern and after that the price has higher chance to move lower and reach our targets.
It's a very simple and effective strategy :)
I hope you enjoyed it.
Thanks and Good Luck!
GBPJPY bullish continuation! | 10th Feb 2022Prices are on bullish momentum and abiding to an ascending trendline. We see the potential for a bounce from our buy entry at 155.860 in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and ascending trendline support towards our Take Profit at 156.959 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement. Our bullish bias is further supported by K% line showing bullish momentum and prices trading above our Ichimoku cloud resistance.
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NZD/USD Signal - USD Initial Jobless Claims - 9 Sep 2021NZDUSD is trending to the downside today prior to the USD Initial Jobless Claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair has broken to the downside of the support trendline, and has bow formed a resistance trendline.
AUDJPY approaching 1st support, potential for a further rise!AUDJPY dropped nicely and is likely to bounce from 1st support, where the graphical overlap, 61.8% fib retracement, 127% fib extension are. Potential target could be at graphical swing high is. Stochastics also shows a bullish momentum is building.
AUDNZD Reversed Off Resistance, Prepare For Further Drop!Sell below 1.0915.
Stop loss at 1.0944.
Take profit at 1.0857.
Reason for the trading strategy (technically):
AUDNZD reversed off its resistance at 1.0915 (61.8% Fibonacci extension, 76.4% & 50% & 50% Fibonacci retracement) where it is expected to drop further to its support at 1.0857 (100% Fibonacci extension, horizontal swing low support).
Stochastic (34, 5, 3) reversed off its resistance at 89% where a corresponding drop is expected.