GoldViewFX - Gold ROUTE MAP UPDATEHey Everyone,
As you can see from yesterday updated. The cross and lock below the retracement range opened the swing range for a challenge, which was tested perfectly.
Throughout the week we suggested these weighted levels like our algo generated swing range, will provide a reaction of 30 to 40 pip bounces. This played out perfectly giving a clean 40 pips plus, inline with our plans to buy dips.
We will now either wait for the full swing back up or a lock below the swing range will open the level below. We will track and trade this level to level with our strategy.
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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS
1945 - DONE
EMA5 CROSS AND LOCK ABOVE 1945 WILL OPEN THE FOLLOWING BULLISH TARGET
1954
1965
BEARISH TARGETS
1936 - DONE
EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE
SWING RANGE
1923 - 1914
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
Strategy!
XAUUSD Will today be the day of recovery?On Gold, we have a bearish setup as the price has reached a very important demand level, formed by the last short candle before the rally in the 1927 area, and thus breaking the relative swing high at the 1924 level. The goal will be to look for a long position during the pre-market opening of the American market. I remind you that today we have very important US data, so maximum attention is required. In fact, I anticipate a relatively calm dollar session with a strong rebound after the data release, which is optimal for providing some momentum during the London closing. Let me know what you think. Happy trading to everyone.
YY JOYY Options Ahead of EarningsAnalyzing the options chain and the chart patterns of YY JOYY prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
EURUSD ICT Long entry is here!On EURUSD, we have a bearish structure with the dollar pushing the euro down. Currently, we can observe 4 structural swing low breaks at H4. Therefore, the price is in a total buy situation. Personally, I'm waiting for a structural change at M15 during the London or New York session to go long with a target at 1.08. Let me know your perspective, greetings, and happy trading to everyone.
Initiation. Accumulation. PumpHow to trade coins after listing? Here is logic of IAP model
BINANCE:APTUSDT
When people get tokens after airdrop or launchpad, most likely on first candle we will see seller pressure. This model works in general only for fundamental projects, where even people who get tokens for free will hold it for long term. Because we got a lot of examples when this model doesn't work and price crashed under listing price. Also we need pay attention in what market period we see this listing. Because if it's a beginning of bear market this model most likely also will not works.
Initiation - Formation price imbalance in the broad price range at the time of listing
coins can be interpreted as an initiating impulse, who doesn't leave fair traded price zones on ways of its formation and in here will be be nearest target. We can use Fib from the bottom to the top candle before correction or just count only body of first Daily close candle.
Accumulation - Price reaction to price imbalance initiating impulse is
a direct indication of the presence or lack of accumulation character on the chart. Zones for accumulation before pump will be classic 0.618 / 0.71/ 0.86 levels by fib.
Pump - last stage of this model is a Pump, minimal target for this trade can be -0.27 and -0.618 level by fib where you can fix profit. On this example with Aptos it was over 500% pump. After pump depends of market stage and cycle price can continue parabolic move up or correction again to 0.5 or 0.618 level by same fib.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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$25,000 Is The Price To HOLD: New Video Up!In a bull market, this blue horizontal line represents the lowest closing price between the point after all 6 MA's moved below the point of control and the point where all 6 MA's were no longer below the point of control.
This pattern has happened 3 other times in bitcoins history (2011, 2012, 2020, and now in 2023) but has not happened every cycle.
Nevertheless, when this price line is established, the price has never again closed below the line. Will we brake the pattern this cycle? Or will the pattern continue. What are your thoughts?
GBPUSD The economy is recovering!On GBP/USD, we have a bearish setup with the price breaking through a swing low at 126.50 and 126.60, as well as forming a swing low around 1.2560. Therefore, we have all the conditions to look for a long position on Monday at the opening of the London session. A bullish entry that could take the price towards the marked box, which initially serves as support and has now become a resistance zone that could temporarily halt the price before a continuation upwards. Let me know what you think. Happy trading to everyone.
USDJPY Dollar Depreciation Incoming!I'm examining the USD/JPY chart and I've identified a potential bullish trading setup (Ullish). On the 4-hour chart (H4), I've noticed congestion between two key levels: a swing high at 146.29 and another level at 146.08. There has been a spike of just 0.1 pip above the previous swing high, which seems like an interesting signal to me.
I plan to wait for a possible price reversal on a 15-minute chart (M15) during the London or New York sessions. My trade target would be to aim for a support/resistance level at 145.49. Let me know what you think, greetings, and happy trading to all.
EURUSD NFP, it was all already written!I observed on the EUR/USD chart how the post-NFP decline was anticipated, as the price bounced precisely off a support zone before and turned into resistance afterward. As the price went down, it broke the swing low at the 1.0782 level, effectively setting the stage for a potential long entry on Monday at the London or New York opening. I remember that this strategy involves entries at two very specific times and, as confirmation, foresees a structural upward shift, in this case, on the M15 chart.
Nonetheless, I'm truly impressed by how everything played out exactly as I had predicted. Please comment and leave a like to support my work. Happy trading, and have a great weekend, everyone!
GBPUSD The perfect uncertainty before NFP!On GBP/USD, it's possible to observe that the price is currently in a state of total uncertainty, positioned precisely between two very strong zones. The first zone is located higher up, where a decline could be anticipated, and the second zone is situated lower down, where a long position could be considered. This setup has been executed by following swing low and swing high strategies with spikes and Fibonacci Volatility Grid (FVG) to identify the best reaction points. Tomorrow, the Non-Farm Payrolls (NFP) data will shake the market; until then, the entire range of the dollar, including the American, Canadian, Australian, and New Zealand dollars, is not tradable, at least if one aims for a sound risk management approach. Of course, after tomorrow's data and the opening of the New York session, it will be the opportune moment to seek entries on the dollar. Let me know your thoughts. Happy trading to all!
XAUUSD 2 Entries BOX and US news!Today we have important data on the dollar, which could significantly impact gold. I've identified two potential zones where I'll be looking for an entry for a long trade. The first one is between 1935-1937, and the second one is 1914-1924. Both of these are areas identified after structural breakouts on the H4 chart, meaning the market broke through swing highs and formed these boxes for potential rebounds before continuing upward. Just a reminder to everyone that I'll only be seeking market entry during the first hour of the American session, I will search to identify structural changes within these boxes. Please let me know your thoughts, comment, and leave a like. Appreciate the support for our work.
PDD Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PDD Holdings prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $4.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
EURJPY Waiting London or New York to Sell!On EURJPY, we have a bullish setup. I'm looking for a breakout on the H4 chart of a swing high at the level of 159.50. Tomorrow, at the London or New York open, I'll wait for confirmation for a bearish setup, aiming to short the asset until the highlighted gray box between the zone of 158.60 and 158.80. Within this area, there's a crucial demand zone that marks the last bearish H4 candle before the uptrend and structural change in the asset. Let me know your thoughts. Happy trading to all!
XAUUSD Buy zone after 3 Bos!On the dollar, we have a bullish setup with the price breaking upwards past three swing highs, creating a very significant demand zone. In fact, between the levels 1924 and 1914, we have the last bearish candle before the upward movement. This means that I will be looking to initiate a buy right within that zone. Naturally, once the price retraces to that area, I will patiently wait for a bullish m15/h1 setup to form, allowing the price to confirm my setup!
GBPJPY Long structure with Entry Box!On GBP/JPY, we have a bullish structure forming after the market experienced a pullback in the H4 timeframe. In fact, I highlighted a bullish candlestick pattern following the market retracement. In that zone, I will go and search for a structural change on the M15/H1 timeframe to confirm my long-term view. Subsequently, I will enter the market with the target set at the first swing high at the level of 187Y. My stop loss will be positioned 5 pips below the lower side of the mentioned zone. Please leave a like and comment in support of our work. Regards, Nicola, CEO of Forex48 Trading Academy.
SPWH has been on a YTD downtrend SHORTSPWH, a sports and recreational retailer had a bad week or two as seen on the 60-minute
chart. Reversion to the mean and the rubber-band perspective says that what goes down
must go up. SPWH has fallen into deep undervalued territory. It has been down trending for
most of this year. At the moment it might be correcting into a short trade or put option entry.
SPWH trend down might get synergy from the S & P helping entrench the trend down.
I will zoom into the 5-30 minute time frames and short SPWH from a pivot high. I may take
a large number of shares and then hedge the position with a couple of call options above the
current money with an expiration of 4-6 week for purposes of risk management and insurance
against a reversal in the price action.
EURGBP Looking for a Long entry!In the EURGBP pair, we have a long setup where the price has broken a previous swing high at the level of 0.8585. The price then retraced within the last bearish candle on the H4 timeframe, which led to the breakout of the swing high. In this area, I'm looking for a bullish entry if the market on the M5 timeframe shows signs of a bullish structure, namely forming higher highs and higher lows. Of course, the stop loss, in case of a long entry, will be positioned around 0.8550, and the target will be the level of the previous swing high at 0.8660.
EURJPY HBD + FVG Bullish structure!The market is currently bridging a divergence between two bullish trendlines. The pair is continuing its ascent towards absolute highs; at the moment, it retraced to the lower part of the divergence, where we have a Hidden Bullish Divergence (HBD) on the H1 timeframe. This zone could potentially trigger an immediate price increase towards the upper part of the divergence and eventually break the structure.
My market entry will be planned if the market, in the zone between 158.10 and 158.30, creates an upward setup with two M15 candles. In that case, I will enter the market aggressively with a very tight stop and target around 159.50, which corresponds to touching the previous swing high. Let me know your thoughts, comment, and leave a like to support our work. Greetings and have a great day.
GBPJPY Change of the structure - Long setup!On this pair, we have a bearish setup on the H4 timeframe, with the price reaching the 183.38 area where it created a spike on a swing low. This false breakout has provided the market with a bullish momentum that could lead the price to break the bearish trendline, potentially pushing it to the 184.70 area as the first target, followed by 185.70 as the second target. Let me know your perspective on this market, drop a like, and comment to support our work. Happy trading to everyone.
TRADING IS THE MOST REWARDING BUSINESS WORLDWIDETRADING IS THE MOST REWARDING BUSINESS IN THE WORLD.
But 99% of traders don't know how to win.
6 STEPS TO BECOME A TRADING SNIPER:
1. Develop A+ setups
- Focus on low risk, high reward
- Don't worry if you need time to execute
- You don't need to catch every market's movement to be successful
One setup is enough to kill in the trading arena.
2. Focus on A+ setups
- Execute like a machine when you spot an A+ setup
- Forget anything else. Don't take stupid trades just because you don't have opportunities
Trust your setups. Trust your plans. Trust your execution.
3. Control your emotions
Waiting is the hardest trading skill:
- You need patience to wait for your setups
- You need discipline to execute your setups
- You need confidence to win with your setups
Traders, like snipers, wait 99% of the time.
4. Know your system like a brother
- Know the details. RR, WR, strengths and weaknesses.
- Know what to expect: "If x happens, I'll do this. If y happens, I'll do this."
Always have a plan.
5. Aim for 1%
If average traders practice 1 hour per day, start practicing 2 hours per day.
If average traders review trades once a week, start reviewing trades every day.
If average traders never shapes minds, start meditating every day.
To be the 1%, do what the 99% don't do.
6. Become a trading sniper
- Focus on A+ setups
- Control your emotions
- Always have a plan
Shape your weapons. Shape your trading.
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