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GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Great start to the week with our chart idea playing out in true level to level fashion. We started with the play into the highlighted retracement range with no cross and lock below confirming the bounce, as highlighted by our arrow onto the 2155 Goldturn for the perfect reaction and now heading towards our Bullish target at 2166 A cross and lock above 2166 will open the range above and a failure to lock above will follow with a rejection back to 2155 and 2147. If 2147 Goldturn support breaks we are likely to see the swing range open. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2166 EMA5 CROSS AND LOCK ABOVE 2166 WILL OPEN THE FOLLOWING BULLISH TARGETS 2175 2182 BEARISH RETRACEMENT TARGETS 2155 - DONE 2147 - DONE EMA5 CROSS AND LOCK BELOW 2147 WILL OPEN THE SWING RANGE SWING RANGE 2137 - 2129 EMA5 CROSS AND LOCK BELOW 2129 WILL OPEN THE STRUCTURE SUPPORT STRUCTURE SUPPORT 2113 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! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
Possible trend shift in NZDUSD – going short SELL 0.60773 - 0.61129 Add to Watch List Signal ID: 71667 Time Issued: Wednesday, 29 April 2020 02:00:15 GMT Status: open Entry: 0.60773 - 0.61129 Limit: N/A Stop Loss: 0.61663 The Tidal Shift Strategy has just sold NZDUSD at 0.60951. The system recommends entering this trade at any price between 0.60773 and 0.61129. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.98201, which suggests that the NZDUSD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00142, so the stop loss has been set at 0.61663. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Short
by FXCM
8
USDJPY appears oversold SELL 110.774 - 111.84 Signal ID: 71240 Time Issued: Friday, 20 March 2020 00:00:15 GMT Status: open Entry: 110.774 - 111.84 Limit: N/A Stop Loss: 113.440 The Congestion Opportunities Strategy has just sold USDJPY at 111.307. The system recommends entering this trade at any price between 110.774 and 111.84. The signal was issued because the 28-hour Relative Strength Index indicates that the USDJPY may be oversold, while the Speculative Sentiment Index reading of 1.14 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 2.133, so the stop loss has been set at 113.44. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
Short
by FXCM
1
CHFJPY appears oversold BUY 108.764 - 108.972 Add to Watch List Signal ID: 69511 Time Issued: Friday, 22 November 2019 20:00:15 GMT Status: open Entry: 108.764 - 108.972 Limit: N/A Stop Loss: 108.530 The Congestion Opportunities Strategy has just bought CHFJPY at 108.868. The system recommends entering this trade at any price between 108.764 and 108.972. The signal was issued because the 28-hour Relative Strength Index indicates that the CHFJPY may be oversold, while the Speculative Sentiment Index reading of 1.438 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.417, so the stop loss has been set at 108.451. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
Long
by FXCM
1
Breakout Identified in AUDJPY SELL 74.929 - 75.156 Add to Watch List Signal ID: 69187 Time Issued: Wednesday, 06 November 2019 06:43:15 GMT Status: open Entry: 74.929 - 75.156 Limit: 74.486 Stop Loss: 75.395 The Breakout Opportunities system has just sold AUDJPY at 75.077. The system recommends entering this trade at any price between 74.929 and 75.156. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.936, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 75.395 and a profit target has been set at the 1 Day ATR level at 74.486. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Short
by FXCM
SHORT NZDUSD Approaching Resistance, Prepare For A Reversal NZDUSD is approaching its resistance at 0.6769(100% Fibonacci extension , 23.6% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 0.6714(horizontal swing low support). Ichimoku cloud is showing bearish cloud where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by FlowState
Possible trend shift in GBPUSD – going longThe Tidal Shift Strategy has just bought GBPUSD at 1.31507. The system recommends entering this trade at any price between 1.31272 and 1.31742. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.16354, which suggests that the GBPUSD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00188, so the stop loss has been set at 1.30569. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 63935 Time Issued: Tuesday, 26 February 2019 08:00:16 GMT Status: open Entry: 1.31272 - 1.31742 Limit: N/A Stop Loss: 1.30570 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
1
NZDUSD approaching support, potential bounce! NZDUSD is approaching our first support at 0.6619 (horizontal overlap support, 23.6 % Fibonacci retracement, 61.8% Fibonacci extension, breakout level) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6716 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 23.6%, 61.8% Fibonacci retracement). RSI (89) is also seeing a bullish exit and we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
2