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GoldViewFX 4H Chart UPDATE & IDEAHey Everyone, A quick update following on from our post this morning. The targets we identified for our buys were hit perfectly and retraced from the Goldturn as identified. We maintained our plans to buy dips and taking positions from Goldturn supports identified. Here we have the 4h chart update, showing a Goldturn channel that we broke out of and now broken back in. We have identified the potential future break of this channel with a supporting trendline and should our plans maintain support, then we shall see price go back up and hit our channel top target at 1852 and 1856. We have updated the 4H chart Goldturn Levels and as long as 1790 is not broken, our 4H chart bullish structure remains. 1H CHART UPPDATE (SUPPORT AND RESISTANCE LEVELS) Please don't forget to like our post, comment and follow, as always we appreciate it and it helps us to keep you all updated with our ideas. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - 1H Chart UPDATE on TARGET$We posted this yesterday (see related post below) identifying the Bullish movement yesterday will look for support at 1828 Goldturn. This is once again playing out perfectly. If this holds at 1828 as support we should see another push to the upside. This is another example of strong resistance turning into support. A break or range between the two Goldturns 1828 - 1840 will now determine our current range and projected range. All our buy signals TPd at 1842 given the Premier Club the perfect exits. Pleasw dont forget to like, comment and follow, it really helps us to bring more regular updates and analysis to you all.
OANDA:XAUUSDLong
by Goldviewfx
4
GoldViewFX - Updated LEVELS and TARGET$Hey All, Just a quick update and illustration of what the price is trying to do. The Goldturn trendline is giving us a steady move up with enough time to assess any change in the structure. If EMA5 finds support close to 1838, then we will see the move up towards the upper targets. However, as you can see from the blue triangle sitting below the Goldturn trendline, we can expect retracements down to 1830 and it will still support the structure to buy dips. 1830 level will also be the half way mark from benchmark; if price finds support at 1830 and starts the Bull Run, then we said this happens (see related back to benchmark post below) when price shifts a range and therefore price doesn't need to go back to benchmark, otherwise we would always see price come back to Benchmark 1816 level. We will remain Bullish above 1816, and any changes to our plans we will keep you all updated. FOMC is tomorrow so I will only be taking small LOTs and low exposure. Please don't forget to like the post, comment and follow, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
13
GoldViewFX - Update on LEVELS & TARGET$$ Hey Everyone, Just a quick update from yesterdays analysis. Our setups for buying dips still in play and we have started to see this play out with price hitting two targets 1838 and 1844. We had a rejection at 1844 and saw price come down to 1838. If 1838 resistance now turns into support and holds this level we will see the continuation of the Bull run. If this level fails to hold and breaks through with EMA5 cross and candle body close below this level, we will see price go further down to the Goldturns we have identified to find support. Each of these support levels are buying opportunities for us. Any sell signal that are being activated, we are taking with small LOTs. Our main focus is on buying dips, as the current structure supports it. Any changes to our plans, we will keep all our followers updated. RANGE VIEW The range view shows price sitting in a dead zone. 1830-1847, outside of the most recent historical Range Boxes (see related post on RANGE BOXING below). We are taking caution at this range, as price can take a swing either way and change the structure. Stay close for more updates. Please don't forget to like, comment and follow; it really does help us to bring more content to you. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GoldViewFX - RANGE BOXING = RANGE VIEW - STRATEGYHey All, We had some great feedback from our back to BENCHMARK strategy (see related post below) and wanted to share another simple strategy that I have been developing and using for many years that I call, Range Boxing. A term I thought was the perfect cliche of two words for this strategy. RANGE BOXING creates what we call a RANGE VIEW; A clear view for price action within pre-determined zones. This then allows us to trade a ranging market and get out before a RANGE BREAKER or gear up to ride the RANGEBREAKER by identifying the RANGE SHIFT. I will define each term below and then walk you through the strategy. RANGE SHIFT This is the early signs of a range breaker or a merger of a range and allows us to start identifying when the price is about to break out of a range or MERGE (more likely). RANGE BREAKER The break out of the range into another range confirmed with EMA5 break and candle body close above or below the RANGE BOX RANGE BOX Boxes created around a side by side price range, defining the top and bottom of the box with EMA5 Goldturns (See all my previous posts on Goldturns) Its the way we draw SUPPORT and RESISTANCE. They create levels with less noise and more suited to trade Gold. Please see example below of a RANGE BOX, created using GOLDTURNS. RANGE VIEW This is created by using historical range boxes in the same range and bringing over the boxes to the current price range. This now gives you the view of the projected range. HOW TO USE THE STRATEGY Strategy can be used on higher time frames for longer term direction, however I find it more effective to trade with on the 1 HOUR and or 4 HOUR chart. I zoom out of the chart and look for the last time the price was in this range and identify the 3 ranges. One range above (RANGE1), the middle range (RANGE 2) and the bottom range (RANGE 3). I then created boxes around those ranges 1,2 and 3 using the highs and lows of the Goldturn levels. (See example above). Once this is done, I now bring those boxes and stretch the boxes across to the current price range. This now gives us the RANGE VIEW. I always put a half line across the range of a RANGE VIEW. It allows me to break down the zone to identify the RANGE SHIFT. I can now trade the current range using these levels, bouncing up and down the range. Identifying each level break and rejection using Goldturns and EMA5 breaks. If a box is broken with EMA5 and a candle body close, its a range breaker and it opens target to the entrance of the next RANGE BOX. To enter the RANGE BOX we again look for EMA5 to break inside with a candle body close, which then confirms movement to the half line and then same again for the target to the top of the RANGE BOX. A rejection by resistance, will then have the price come back down to find support, until we see another breakout. We can start to identify early breakouts by identifying a RANGE SHIFT and a fake BREAKOUT by Goldturn rejection. Please see the example of the chart, RANGE 3 into RANGE 2. When the half line is broken up from range 3, price started to find support on the half line from resistance to support. This allowed us to identify the structure for a RANGE SHIFT. RANGE SHIFT's are easier to catch then a RANGE BREAKER, as a RANGE SHIFT is a merger approach into a new range. I can now also apply the Back to BENCHMARK strategy, as an overlay on each range to support a BREAKOUT or RANGE SHIFT. I hope you all find this setup useful and it adds as an additional tool to support your trading analysis. Please don't forget to like, comment and follow, it really helps us to bring more quality content to you all. GoldViewFX XAUUSD TOP AUTHOR
FX:XAUUSD
by Goldviewfx
19
Could be a slippery slide lower on the ASXThe ASX200 is under pressure as price falls into the weekend on stock market meltdown fears. US rate rises and inflation, along with other concerns, are weighing on bullish sentiment and testing the patients of buyers. Is this the calm before the inevitable storm? To me, the 7175 level is the line in the sand after the recent RTF (Double Top) at 7625, and buyers will need to hold the line if we are to see higher prices. Price has extended into the level so may see a bounce on some bargain hunting in coming sessions although this will largely depend on how the US performs tonight. US bonds are pointing to four rate rises this year which is more than expected and pressuring markets. There are some saying that the US Fed has made a mess of easing and have left it too late to contain inflation so will be chasing with faster tightening. If this is the case, I do not see traders wanting to add risk to portfolios or Funds willing to support price...so now is the time I am happy to be cautious hence the recent short on the ASX200 CFD. Check out our website and follow us on social media.
ASX:XJOShort
by TradeTheStructure
3
GoldViewFX - 4H Chart LEVELS & TARGETS$$We have been posting upon post about being in a Bullish structure for weeks with our ideas and needless to say all our ideas have played out and our plans on buying dips throughout the month has paid off. We have drawn a Goldturn channel, which has been respected well and price has been supported well, at the bottom of the channel. Its not had much play in the upper part of the channel. However price has now broken the half line of the channel. If price can now find support on this half line, it will re-affirm movement to the upper levels. 1856 is the next target, which it can go do now or ideally we would like to see some retracement, support and then push up. This will then allow us to get some good entries. Should we get a strong rejection on this zone, which is likely at the upper levels going by historical data, we will update our plans accordingly and share with our followers. 1H CHART This was posted this morning before the movement up. We identified 1847, as the next target. This was done perfectly! For our new followers; please see related posts below, to see how we called the movements before they happened! Please don't forget to like the post, comment and follow to support our work. It helps us bring more to you on this platform. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
15
GoldViewFX - H1 Updated LEVELS & TARGETS$$Our upper levels have opened up and we have drawn the Goldturns to cover this range by taking historical data in this same price range with targets up to 1847 and above. The upper part of the GOLDTURN channel drawn using Goldturns is sitting at 1862. We are expecting another push up, however we may get some retracement to 1830 level to find some support. We have updated the chart with all the Goldturn support and resistance levels to follow. We will watch how EMA5 challenges these levels to confirm direction and sequence of the movement. Our plans to buy dips still remain, as the bullish structure is still in play. If this changes we will update our plans accordingly. DAILY CHART EMA5 has broken 1818 daily chart Goldturn opening gap to 1850. Please don't forget to like, comment and follow to support us, we really do appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - Daily Chart UPDATE and TARGETSThis is an update from our previous Daily chart update. We were observing the challenge on the 1818 Goldturn Level last two days to see how EMA5 locks on this location. EMA5 has failed to cross above the 1818 Goldturn level. A rejection here, we can see from historical challenges can follow with movement down and open target to 1801. Although we remain buying dips, as the structure for our setup remains Bullish, we will expect some movement down. Signals activated here we will take both ways and risk manage this range 1801 -1818. 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 - 3H CHART UPDATE & TARGETS$Another awesome day of trading for TEAM GOLDVIEW!! 1806 Goldturn axis was hit, as per our post on the 16th December (see related post below). We identified this as a target and a strong level of support. Price was rejected at 1806 and failed to break down so we saw a retest back to 1820 level. Our buy entries from 1806 were all banked at 1819 and now we see price hover in between. Its interesting to see, resistance levels like 1806 are now turning into strong support levels. This is a key example of the Bullish structure that gives us confidence to buy dips. We will now wait to see 1806 break to confirm movement to the lower levels and if so we will change up our plans and update you all accordingly. There is room for price to challenge the lower part of the channel, however MA200 is also providing support here and this can give the momentum needed for a challenge back to 1817 and then 1825. A bull flag formation is also inline with the upper part of the channel flagpole target at 1850. All signals we took have TP'd and we are proud to say with a 100% hit rate for January. (See related post below on H1 targets) Please dont forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
FX:XAUUSD
by Goldviewfx
8
GoldViewFX - H1 UPDATE and TARGET$This was posted yesterday and the levels are playing out. Price moved up during Tokyo market open and found resistance again at 1823 Goldturn, followed with movement down. EMA5 has now crossed below 1817 with a candle body close, confirming further movement down and a gap to 1806, however price found support at 1810, which is a historical Goldurn from December, which we have highlighted now. Our setups remain same until we see a break below 1795 with EMA lock and confirmation. Please dont forget to like, comment and follow, we appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
GoldViewFX - UPDATE on TARGETS$$This was posted on the 12th of JAN. We called both targets top and bottom. We identified a broken Goldturn 1823 with EMA5 crossing with candle body close and leaving a gap confirming a move to 1828. This played out perfectly!! 1828 was an area that has been rejected before more than once therefore the level has strengthened as resistance. We highlighted that should EMA5 fail to cross this with candle body close we will get the rejection to 1817. This played out perfectly too! The Goldturn range is now 1817 to 1828. Price is now challenging 1817. We will look to see if EMA5 crosses this level to open up the lower levels. If we see a Goldturn created above 1817, then we can expect the price to go back to challenge the upper levels again. We remain confident in our setups and will continue to share updates and ANY changes to our plans. We have had another smashing week and now wish you all a great weekend. We will be sure to share our analysis for the coming week Sunday night, so don't forget to check in. Please don't forget to like, comment and follow, it helps us to bring more updates to you, so keep supporting us!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
USDJPY OHLC (SELLS) MONTHLY STRUCTURE (Jan 2022USDJPY OHLC (SELLS) MONTHLY STRUCTURE (Jan 2022) Please support this idea with LIKE if you find it useful.. Monthly Structure for USDJPY In a Daily timeframe appears to be OHLC (open low high close) with a huge bearish Divergence from 20th October 2021 till current market price. Candle formation at resistance 'Evening Star' CuRrent Priceline is also within the sell pressure zone. Patience, we currently waiting for a TDI cross. Priceline must cross below bloodline to confirm the presence of sellers in market. Caution as this is the open of a new year hence price is bound to consolidate. After the daily TDI cross plays out, switch to H4 and be on the lookout also for OHLC and a TDI cross to confirm sells before executing trades in M15. Trade with Caution. Wait for valid entries. Please support this idea with LIKE if you find it useful. P A T I E N C E + D I S C I P L I N E
Short
by PeanutButter