GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone,
We have been following this chart for a while, so thought we would update the current state of play with it.
The retracement range has broken through however EMA5 is still above the retracement range of 1777 and therefore the long term structure is still intact, as price is still within the structures swing range.
Historically price was able to challenge the 1684 swing range while ema5 staying supported above 1777. I plan to keep 1684 in mind while planning layers to BUY dips from support levels in the lower time frames.
The volatility in this market condition can take out buyers and sellers, if margin and risk is not managed according to the sizes of the potential range. There's buys and sells to be taken but without learning and knowing how to manage swings can play havoc with a traders psychology.
As always we will keep you all updated with any changes to our plans throughout the day. Please don't forget to like, comment and follow to support us, we really appreciate it!
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Tradinganalysis
USDCHF W, 1.0026 DONE & REJECTED, TESTING 0.9547, THEN REBOUND?USDCHF hit the target at 1.0000 & 1.0026 after broke and hold above 0.9901.
As I said at previous Idea: "Break and hold above 0.9901, open the way to key psychological level 1.0000 and 1.0026 (Triple Top and also its Strongest Resistance now)."
But, As that's a psychological and Strongest Resistance, then USDCHF rejected from that level.
Now, USDCHF is heading to 0.9547.
While Above 0.9547, Consolidating 0.9547-0.9650, STILL BULLISH.
Break Below 0.9547, Open The Way To Test MA 200 0.9512 & 0.9470.
But, Break Below 0.9470, Potential Retest 0.9296.
Below 0.9296 potentially retest 0.9091.
Nifty gap UpNifty is going to gap up today, I am expecting it to open just above my supply zone at arround 15900 levels in this case breaking that 15800 to downside will be little bit difficult and nifty will hopefully continues to fill the gap formed earlier I will look for reversal or fall from supply formed at 16100 levels.
6 candles range, and a 0.618 fib pullback. So we did get this pullback, it was a bit stronger then i did expect, we need to see some sign of strength upwards now.
We do have a high of 0.00018808, and a swing low (pb) of 0.00012600, let us see if we can break the upwards trendline, and continue the trend.
New update if we break the 0.00014540 area...
ger30 sell now! ger30 easy sell oppurtuntiy right now make sure to manage risk and make sure to secure profits on the way down
BTC/USDT by CryptoTradersWWThis month, keep it simple with BTC!
The symmetrical triangle was perfectly retested, which is a bullish indicator. However, the market is encountering resistance at the TPO point of control drawn from the start of 2021, which, if broken and held above, would likely lead to additional highs. When price was within this pattern, the 50 - 3-day Moving average served as dynamic support, and it will serve as additional line of defense if price falls back into the triangle.
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Potential reversal area for big continuation of EURAUDTimeframe H4.
Forecast: Market will fall again after couple attempts to re-test the previous high 1.532
Trading Plan: If market goes up and re-test the previous 1.532 then look for the potential reversal signal to jump in the trade.
Target: The previous Low 1.455
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Trade with care and always put stoploss.
BTC/USD - UpdateFollowing up on yesterday's report, the resistance at $39K was simply breached, despite the fact that it had previously been tapped.
The price is currently encountering resistance. $42K is a key support and resistance level for several support and resistance flips. If the price breaks through this level, it may test the $44300 daily barrier and maybe the upper trendline. When we approach the larger symmetrical triangle pattern, proce makes the bigger transaction.
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XAUUSD Price Action Breakdown-BullishGold is currently in a strong bullish trend. During the Asian session and London Session, price made a strong pullback which was needed in order for the bullish trend to continue. As long as price continues to respect the structure and create higher highs and higher lows, we continue the bullish momentum to at least retest the highs that were created yesterday.
BTCUSD 15M Chart Analysis Swing Trading Zones!Play the chart with simple rules:
Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry"
Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example)
Play with minimum 2 positions. Once trades hits TP1, change stop loss to break even, making it a risk free trade. If passes TP2, change stop loss again to TP1 to lock in profit if trade goes in reversal. Have tight stop losses to lock in profit, If trade hits TP3, closes.
If you do see a reversal (For example going from TP2 short to TP1 short, get into a BUY and have take profit @entry point)
If trade breaks through our TP3, wait for a candle to come back to it and reverse the trade back to entry.
US30 Daily TF Analysis. More Bearish Momentum!Price has been bearish all month. There is a high chance that it can continue to the major level of support. Daily Candle has closed below the 200EMA which indicates that price has a higher probability of continuing its down trend. Whenever candles start printing below the 200EMA, this is usually a sign of a trend reversal. Anticipating a pull back early in the week but then a continuation to 33600. If price breaks the market structure and fails to form support, there could be more bearish momentum heading towards the end of the month and going into February.
1. Price has been bearish all month. There is a high chance that it can continue to the major level of support
2. Daily Candle has closed below the 200EMA which indicates that price has a higher probability of continuing its down trend. Whenever candles start printing below the 200EMA, this is usually a sign of a trend reversal. Anticipating a pull back early in the week but then a continuation to 33600
3. If price breaks the market structure and fails to form support, there could be more bearish momentum heading towards the end of the month and going into February
XAUUSD - Long PlayWe have the 1st Long of the year coming off a win with out first trade of the year - It's a bit of a risker one but lets see if we can keep it going.
Currently since were in an accumulating range it's a risker set up. However, there's some nice confluence within the micro structure.
The possible MA crosses along with the break and retest of the trend line shows some possible bullish price action, we also have the second touch off the ascending trend line so there's reasonable points to look for some longs.
US30 Scalping setup for 12/22/21Price is testing a major level of Resistance on the 4H TF that was broken last week. This current movement up could be a pullback for price to reject and then continue bearish once 35280 is broken. Or price can find support from the 200EMA and then continue its bullish movement to retest the previous high at 35900. Waiting for market open volume at 9:30 am to look for a potential buy or sell depending on how price action moves. It is more ideal to wait until the 15M candle or 30min candle to close first before placing a trade with the establish direction.
UPDATE on gold targets. 2 done! 1 to go!! $$Our second target at 1786 is now done. We had the support target at 1774 done earlier and expected this to be supported for now, which played our perfectly. Now 3rd target at 1796 is due. We will review this and update with any changes and how we manage any changes.
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