Sellsetup
Oil at 2011 Highs - What to look forThis isn't strictly a technical analysis. I'd like to gage the market sentiment and geo political tensions before I commit to a trade. If I see price break support but I'm seeing bullish headlines, I won't take a oil short. I'm waiting for a bearish catalyst and a break of the support I pointed out.
Below are some bullish and bearish headlines I'll be looking out for.
Bearish Oil Headlines Examples:
Cease Fire in Ukraine
Russians Withdrawal
Iran Nuclear Deal reached
Refusal to sanction Russian Oil
More reserves released
Bullish Oil Headlines Examples:
Military action involving NATO countries
No fly zone implemented over Ukraine
More nuclear weapon rhetoric
Sanctions on Russian oil exports.
NATO countries supplying weapons/equipment to Ukraine.
Iran nuclear deal negotiations fall apart
GoldViewFX - 4H CHART UPDATEHey Everyone,
BOOOM !!! BOOOOM!!! BOOOM!!!!
We absolutely smashed the targets!!!
We confidently called the 1940 and 1959 Target on the 4H chart setup, which we have been following closely throughout week. The retracement and swing range gave us the confidence to remain Bullish buying dips and our intra day H1 levels allowed us to trade this up safely.
We have banked plenty of pips for the week and now starting the weekend early. I will be back before market opens on Sunday with analysis and a trading plan for the coming week.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey Everyone,
What an awesome day for us and our followers. We called it all the way up with plenty of entries and exits within the levels.
Dips to previous day Goldturn 1922 gave us the first entry and then 1926 Intra day Goldturn gave us more buying opportunities, all the way to take profit at 1939.
Our Analysis played out perfectly once again!!
We remain bullish buying DIPs and have now moved our swing range up to 1897 to support the bullish structure. We have an immediate retracement range of 1926 Goldturn, to look out for buying opportunities.
We have 1939, 1948, 1953 and 1960 as TARGETS. We will take these with signal confirmations and continue to buy dips from support and exiting early with 20 to 30 pips, knowing we have targets above give us the confidence to milk the range! Any changes to the structure and setup, we will keep you all updated.
We have NFP tomorrow so we plan to stay out in the morning and then look for a support entry after the movement.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market update & LEVELSHey Everyone,
Yet again another awesome day of trading. If you followed our analysis, we said we would buy dips and not chase the Bull run from the front, so we took exits on all our longs PERFECTLY. Market followed with plenty of drops to get into buys using our H1 chart levels, Goldturn support to Goldturn resistance. Taking Buys for 20 to 30 Pips from each support allowed plenty of safe exits.
1939 Goldturn Provided the resistance for exits and any sells and the repeat dip to 1920 support gave plenty of Buy opportunities to exit on 1931 Goldturn throughout the day. This is how we play the range!!
We remain Bullish but our setups are geared for Buying from dips from Goldturn support levels within the swing range. A break below the swing range will change this for us, in which case I will update the setup and keep you all updated. But for now to safely ride this trend we must keep jumping on from the retracement rather than the momentum !!!! This then allows a safe exit should the trend change with a breakout.
We will trade the range on the H1 chart levels and buy dips from support levels and exit 20 to 30 pips at a time. Sell signals at this range is also safe for me, but I will only trade small Lots on the shorts and usual risk allocation for the longs.
We have had some great feedback and a strong following in such short space of time, due to the quality of our content and the outcome of all our analysis. Please always remember these are my personal trading ideas for education and support and not to be used for your own Trading without professional advise or experience. Trading is risky always manage your risk and trade safe!
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone,
Another awesome day of buying dips from support confidently with our Bullish setups, all thanks to the Bullish structure of the 4H CHART.
We had the Goldturn created above 1890, which gave us the confirmation to buy at that level every time the price dropped. However we maintained discipline and only took the buys with signals. Once we saw the Goldturn created above 1890 and the EMA5 break and close above 1905 opening 1940 axis, it gave us the confidence to buy from any drops close to 1890 level. Using the 1H chart allowed more entries, see below;
We remain Bullish, as the structure supports the setups, but we have our swing range in mind to cover any swings in the current volatile market conditions, this swing range has been maintained perfectly once again. Waiting patiently and buying from dips at Goldturn support levels and taking 20 to 30 pips at a time is the best method for this market condition. Historical back testing has given me years of blueprints to match the right trading style for the right market condition.
As always I will update any changes to the plan throughout the week. However as of now the roadmap is playing our perfectly and so not much update needed. I'm going to be confidently using the range and Goldturns and buying dips from deeper drops from support.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATE & ROADMAPHey Everyone,
Following on from the 1H chart analysis, I have applied a new setup on the 4H chart and tried to simplify the roadmap to guide the movement for me.
We have an AXIS target at 1940, which needs an EMA5 break and candle body close above 1905 GOLDTURN to confirm LOCK. We are looking for EMA5 to create a new Goldturn above 1890 to then HIT 1905 and above!
We have an AXIS target at 1854, which needs an EMA5 break and candle body close below 1890 to open 1870 and then a break and lock below 1870 to confirm 1854 AXIS.
Whilst we can see some movement down, the 4H CHART STRUCTURE looks very much BULLISH. We remain confident in buying dips from SUPPORT GOLDTURNS.
We will update all our setups daily throughout the week so stay tuned for the updates and please don't forget to LIKE, COMMENT and FOLLOW to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MARKET UPDATE & ROADMAPHello Followers,
Hope everyone had a great weekend!!
Lets start with the 1H chart analysis; We had a volatile week last week with war tension pushing Gold price up. Remember we already traded this movement technically and confidently for the last 2 months and not due to the news. Those trying to buy the news will find themselves stuck, as you already saw the push up followed with a deep correction back to benchmark.
Personally, while I will remain vigilant to what is going on around the world, my trading is based on pure technicals, enforced with strong money management. News will always have two sides, one side showing movement up and another will show movement down. Technicals allow you to jump onto that trend and measure that movement to trade it in levels. Right now while war news may show movement up, on the flip side we have FEDs announcement in MARCH that will potentially put negative pressure on gold. So there's good argument for both cases.
So how do I trade this?
I have already identified we are still in an uptrend with a Bullish structure. This supports our movement up technically and taking buys from support Goldturns and EMA5 breaks to next Goldturns, gives us confidence in taking buys. We are also expecting another 1974 challenge!
If we see a break below 1877 swing range, we can SELL to target 1855 and then 1824 and below, confirmed with EMA5, before we consider taking buys again.
As you can see we are expecting swings in both direction. We will be trading this Goldturn to Goldturn with buys above 1877. Sells below 1877 and then Buys again from deeper corrections. As always, I will be breaking this down, target by target daily and sharing during the week, so please stay tuned and follow the updates.
DAILY CHART - STRUCTURE AND SWING RANGE
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - DAILY CHART UPDATEWe posted this daily chart with TARGETS mapped out a month ago.
We have now HIT all targets - 1857, 1900, 1927, 1952, 1977, BOOOOM !!!!!!!
The daily chart structure remains very much Bullish. We have also moved the swing range up and adjusted the Goldturn trendline to support our setups. The chart has room for retracement and therefore we will be using the H1 and H4 levels to buy dips from support.
We remain Bullish and our plans to buy dips still remain strong. We will update any changes to this accordingly.
Thank you all for your likes and comments, we really appreciate it!!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATEHey All,
Sharing update on our 4h chart.
All targets HIT and although we had a sharp drop from 1974 to 1878 the 4h candle wicked out (highlighted on the chart) from the Goldturn half-line, maintaining the bullish structure.
We expect to see some ranging and then a challenge again at the Goldturn channel top. Unless we see EMA5 break below 1897 with a candle body close, we will remain Bullish. Price and EMA5 remaining above 1897 helps us continue with our plans, Any changes to this and we will be sure to update you all.
Don't let the news and market manipulation fool you. I keep it simple and follow what the chart shows me. And right now price is back to where we started and that's after all the action!!!! Like I always say.....BACK TO BENCHMARK!!! (SEE RELATED POST)
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H CHART MARKET UPDATEHey All,
Quick update on the 1H CHART.
I like this chart, as key Goldturn levels have been updated with strong support and resistance highlighted in red for buying and selling.
We had the support test at 1891 zone we identified for buys and we took the ride up confidently, managing our risk with the swing range in mind. 1912 still open and only 20 pips away but we have taken profit and will now observe and wait for another entry. Next Immediate target in range is 1912.
Thank you all for your support and as promised we will continue to invest our time and resources to provide daily updates and analysis. Please kindly like, comment and follow to support us!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H Chart Market UDPATEHey Everyone,
End of day update for you all. As you can see from yesterdays chart our analysis played out beautifully !!!
We had the support test at the 1890 zone (Goldturn channel Half line) exactly like we identified and then took buys to 1903 and 1909 TARGETS. We also have 1920 Target but we closed profit, as price reached the Goldturn channel top and we may see some resistance here and therefore banking early and waiting for retracements will be the best option to continue buying dips.
For now we need EMA5 break with candle body close above 1909 to confirm breakout of the channel and provide us with the confidence to continue with the technical trend.
We will continue to buy dips but will wait for the right opportunity. As always we will keep you updated with any changes to our plans.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART LEVELS & TARGETSHey Everyone,
The 4H CHART trading idea played out perfectly.
We have now updated the levels and targets.
The Goldturn channel was respected well, supported on the half line and HIT our 1909 target at the top of the channel. If the half line supports well, we may get our 1921 AXIS HIT sooner before any deeper corrections.
We need to keep in mind the swing range when taking longs should price find resistance on the top of this channel. We are hoping the Half line of the channel provides the support needed to hit 1909 again and above without testing the full swing range. However we cant ignore this swing range, as it looks more significant here on the 4h chart due to the Goldturn channel.
We remain Bullish buying dips, however we will also consider any sell setups at this range should any signals activate for us.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H CHART MARKET UPDATEHey Everyone,
Yes we called it again 1912 TARGET HIT BOOOOOM $$ !
The 1891 Goldturn support held well like we expected and gave us more buy entries, which we took 20 to 30 pips at a time.
We remain Bullish and expecting another 1912 challenge and will continue to buy from dips. We need to see a EMA5 break on 1912 to open 1920 and if we have a candle body close with it, it will open 1931.
However any sell signals at 1912 or 1920 are also safe to take with small LOTS and with 20 pip exits.
I am taking buys from support and keeping the SWING RANGE in mind for Stops.
As always we will post updates should our setups change, so please stay tuned for updates.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UDPATEHey Everyone,
Quick update on our plans and the market. Although a US holiday, we were able to BANK PIPS in true traditional fashion!!!!
Our target for 1912 is still open and as planned we are only taking buys from dips from support. We were expecting retracements down to 1884 levels of which we achieved 1887, which gave us nice buy entries that we banked on the push up again.
Although we have a target of 1912, taking buys from dips and getting out with 20 to 30 pips is the safest way to catch the ride. This gives us the opportunity to make more pips by taking exits and getting re-entries for the same target. This provides two advantages;
1. We get to milk more pips, as bonus for the same target and then the final TP.
2. Should the market reverse on us and plans change for our target to 1912, at least this way we were able to minimize potential losses by having the opportunity to bank a few times from the dips even without the final TARGET to TP.
We are only able to follow this setup confidently due to the current market structure.
1891 seems to have formed 3 recent Goldturns providing some strong short term support that may provide the momentum needed for our target. However we will manage risk according to the swing range.
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GoldViewFX
XAUUSD TOP AUTHOR
US30 4 HR SELL BIASAfter being on an uptrend for a while, us30 is retracing back to it's point of origin, the retracement leg for me is confirmed when i see the confirmation of a downtrend, my idea id to wait for the fifth point which am denoting with the oderblock for price to finish it's retracement leg down .
GoldViewFX - GOLD MARKET REVIEWHey Everyone,
Okay let's get ready for another week of trading. We remain Bullish in our outlook and we continued our plans on buying from dips from support areas last week. We will continue with the same plan this week, as our setups support the structure of the market and we will wait patiently for those entries.
1912 is our Next Bull target but its not one we will target directly from this price range. This is how traders get stuck!
We have identified a retracement range of 1884 and a swing range of 1867. These two levels can easily be taken out in the course of this weeks action and therefore will be considering this when picking entries and identifying stops and managing our risk.
Taking buy entries from the dips and banking 20 to 30 pips at a time allows us to protect profits on the ride up and get out earlier, should the need arise with minimal exposure rather than getting stuck in the swings. We remain bullish above 1854 and comfortable with this setup for buys.
DAILY CHART
The daily chart view is very much Bullish and 1912 is also inline with our analysis, as a target.
We have drawn a Goldturn channel here, which is being respected well and should this continue, we will expect a support challenge in the range of 1854 at some point, which is also inline with our analysis before resuming back up to break 1912 and open 1933.
We will continue to buy from support levels and take 20 to 30 pips at a time, at the same time we will be confident in taking sell signals from resistance levels at this range. We will keep you all updated with regular updates with any changes to our plans and setups daily.
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GoldViewFX
XAUUSD TOP AUTHOR
Bitcoin Levels that cant be ignored Hi Everyone and thanks for stopping by here is a recent recap of the BTC activity to date .
January started with a drop from $47,459 to $39,600 followed by market buys at the
SFP at $39,600K we then move up to $44,500 but encounter a big rejection at the 0.382 fib level
which is a big sign of continued weakness .
From here we are pushed down to test $32,900 and while at this region everyone was still expecting
much lower the retail market was very bearish with eyes on 29 XXX and lower.
Well we all know what happens when sentiment is too one sided and in true BTC style the market
did not disappoint.
BTC took the lows at $32,900 and went on a 2 week rally back up to $44,500 and in doing so
managed to get the masses bullish again.
In retrospect all that happened was we printed a Lower High after retesting the .382 / $44,500 where we rejected back in 13 January .
Below us we have the 200EMA as a potential support $37,900 but for me this will only be a short lived bounce as I think over the
next few months we will just continue with the current trend .
Needless to say that doesn't mean that we cant continue to range in the lower 30s for X amount of time and pickup nice bounces within this range.
There has been no change in Market structure from our 2 week rally and unless something changes in the near future then I say prepare and plan for the Levels
that no one wants to believe could happen .
Thanks a lot if you made it this far and pls drop me a like and a follow .
Tools used * Neg Fib *, Standard Fib + Fib Speed fan