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EURUSD / BREKOUT ASCENDING CHANNEL - 4H EURUSD Tendency , the price is under bullish pressure , until trading above turning level at 1.101 . Turning Level: The price is currently trading above this level around 1.101. As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected. support Level (1) : around 1.095 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 1.101. If the price reaches 1.095 , and stabilizes below it, it will likely attempt to reach support level (2) support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 1.088 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 1.078 . Resistance Level (1): As long as the price remains above the turning level of 1.101 , it suggests a rising towards 1.108 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2). Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.113 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 1.116 . Channel Trend: breakout ascending channel . TARGET LEVEL : RESISTANCE LEVEL : 1.108 , 1.113 , 1.116 . SUPPORT LEVEL : 1.095 ,1.084 , 1.78 .
Long
by ArinaKarayi
US30 ( UNDER BULLISH PRESSURE ) - 4H US30 HELLO TRADERS Tendency , prices is under upward pressure , until trading above turning level at 40,680 Upward Condition :The price is currently experiencing bullish momentum. As long as it remains above the 40,680 turning level , it is likely to move upward toward the resistance levels of 41,040 and then 41,401. Downward Condition :To reach the 40,239 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 40,680. If it stabilizes below support level (1) , a further decline toward the support level (2) at 39,812 can be anticipated . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 41,040 . RESISTANCE LEVEL (2) : 41,401 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 40,239 . SUPPORT LEVEL (2) : 39,812 . TURNING LEVEL : 40,680 .
EIGHTCAP:US30Long
by ArinaKarayi
NAS100USD / BREAKOUT THE CHANNEL - 4H NAS100USD Tendency , the price is under bullish pressure , until trading above turning level at 19,600 . Turning Level: The price is currently trading above this level around 19,600 . As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected. support Level (1) : around 19,188 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 19,600 . If the price reaches 19,188 , and stabilizes below it, it will likely attempt to reach support level (2) . support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 18,747 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 18,337 . Resistance Level (1): As long as the price remains above the turning level of 19,600 , it suggests a rising towards 20,234 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2). Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 20,553 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 20,793 . Channel Trend: breakout descending channel . TARGET LEVEL : RESISTANCE LEVEL : 20,234 , 20,553 , 20,793 . SUPPORT LEVEL : 19,188,18,747 , 18,337 .
OANDA:NAS100USDLong
by ArinaKarayi
PEPEUSD / UNDER UPWARD PRESSURE - 4H PEPEUSD - 4H TIME FRAME HELLO TRADER S Tendency , prices is under upward pressure , until trading above turning level at 0.000007 Upward Condition : The price is currently showing bullish momentum. As long as it stays above the turning level of 0.000007 , it is likely to move upward toward the resistance levels at 0.000008 and then 0.000009 . Downward Condition : To reach the 0.000006 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 0.000007 . If it stabilizes below support level (1) , a further decline toward the support level (2) at 0.000005 can be anticipated . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 0.000008 . RESISTANCE LEVEL (2) : 0.000009 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 0.000006 . SUPPORT LEVEL (2) : 0.000005 . TURNING LEVEL : 0.000007 .
Long
by ArinaKarayi
BCHUSD / INSIDE ACCOMULATION ZONE - 4HBCHUSD - 4H TIME FRAME HELLO TRADERS Tendency , prices is under upward pressure , until trading above turning level at 322.79 Upward Condition : If the price remains stable at the turning level at 322.79 , it is expected to rise toward the resistance level of 355.50 . Should it hold above this level, a tend to further rise to reach resistance level at 400.97 . Downward Condition : To reach the289.29 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 322.797 . If it stabilizes below support level (1) , a further decline toward the support level (2) at 264.16 can be anticipated . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 355.50 . RESISTANCE LEVEL (2) : 400.97 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 289.29 . SUPPORT LEVEL (2) : 264.16 . TURNING LEVEL : 322.79 .
BINANCE:BCHUSD.PLong
by ArinaKarayi
3
GOLD ROUTE MAP UPDATEHey Everyone, Another PIPTASTIC day on the charts today with our analysis playing out perfectly. After hitting targets yesterday we stated that we were seeing 2500 Goldturn providing support, which will likely follow with the upper levels being retested. We got the 2509 and 2519 re-tested, as analysed and then another rejection now into 2500 again. No ema5 cross and lock below 2500 provided support once again with the perfect bounce into 2509. We are now seeing a range being established between 2500 and 2519/2533 and will need to see ema5 cross and lock on either weighted support or resistance level to determine the next move. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2509 - DONE EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2519 - DONE POTENTIALLY 2533 BEARISH TARGETS 2500 - DONE EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2488 (DONE) - 2472 EMA5 CROSS AND LOCK BELOW 2472 WILL OPEN THE SWING RANGE SWING RANGE 2458 - 2446 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our analysis playing out perfectly. Yesterday after hitting the retracement range we got the bounce and advised that it was heading for 2509. - 2509 was hit perfectly followed with cross and lock opening 2519 and potentially 2533, should momentum allow. 2519 was also hit today and upto 2532 slightly short of 2533. Just beautiful how the analysis played out. We are now seeing 2500 Goldturn provide support and will like to see new the upper levels retested. Failure to break into 2533 will follow with a stronger rejection. We are likely to see price range between these weighted levels to establish a range before breaking out. We will confirm the breakout with our cross and lock strategy above or below the weighted levels to confirm direction. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2509 - DONE EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2519 - DONE POTENTIALLY 2533 BEARISH TARGETS 2500 - DONE EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2488 (DONE) - 2472 EMA5 CROSS AND LOCK BELOW 2472 WILL OPEN THE SWING RANGE SWING RANGE 2458 - 2446 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
XAGUSD / GENERALLY PRICES UNDER BULLISH PRESSURE - 4HXAGUSD HELLO TRADERS Tendency , the price is under bullish pressure , until trading above turning level at 28.58 . Turning Level: The price is currently trading above this level around 28.58 . As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected. support Level (1) : around 27.80 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 28.58 . If the price reaches 27.80 , and stabilizes below it, it will likely attempt to reach support level (2) . support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 27.08 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 26.44 . Resistance Level (1): As long as the price remains above the turning level of 28.58 , it suggests a rising towards 29.56 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2). Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 30.75 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 31.64 . Channel Trend: the prices trading rate within the descending channel . TARGET LEVEL : RESISTANCE LEVEL : 29.56 , 30.75 , 31.64 . SUPPORT LEVEL : 27.80 , 27.08 , 26.44 .
OANDA:XAGUSDLong
by ArinaKarayi
BITCOIN / UNDER BULLISH PRESURE - 4HBITCOIN HELLO TRADERS Tendency , the price is under bullish pressure , until trading above turning level at 55,101 . Turning Level: The price is currently trading above this level around 55,101 . As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected. support Level (1) : around 51,322 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 55,101 . If the price reaches 51,322 , and stabilizes below it, it will likely attempt to reach support level (2) . support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 47,703 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 44,845 . Resistance Level (1): As long as the price remains above the turning level of 55,101 , it suggests a rising towards 61,267 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2). Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 65,742 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 69,670 . Channel Trend: the trading rate within the descending channel . TARGET LEVEL : RESISTANCE LEVEL : 61,267 , 65,742 , 69,670 . SUPPORT LEVEL : 51,322 , 47,703, 44,845 .
Long
by ArinaKarayi
2
Market News Report - 18 August 2024As it did last week, the yen was the biggest loser, losing against the New Zealand dollar, the Australian dollar, and the British pound. Fundamentally, our outlooks from last week remain the same for all but one market. Let's cover each one in more detail now. Market Overview Below is a brief technical and fundamental analysis breakdown for all major currencies. US dollar (USD) Short-term outlook: bearish. The latest Fed meeting was overall dovish. However, STIR (short-term interest rate) markets have suggested a 53% probability for a rate cut next month, down from 68% last week. The Fed isn't pressured to lower the interest rate due to recent positive retail sales and employment numbers. While this indicates steady growth, the fundamental bearish outlook remains. Peep at the FOMC minutes on Wednesday in preparation for the new federal funds rate in mid-September. The DXY chart aligns perfectly with the fundamentals, having just broken a recent key support. However, the break wasn’t strong enough, so 102.358 is still an area of interest for major support. Meanwhile, the key resistance is far away at 107.348 and will likely remain untouched for some time. Long-term outlook: bearish. Markets anticipate at least two rate cuts before the year ends despite there being less urgency on the Fed (as mentioned earlier). The latest Consumer Price Index (CPI) and jobs data indicate a cooling of the US economy, another bearish sign. Only geopolitical risks, bond market selling, and interest rate differentials can affect this overall sentiment. So, we cannot rule out a bullish fight for the dollar, but it is unlikely to happen, at least quickly. Euro (EUR) Short-term outlook: weak bearish. The latest EU retail sales indicate that the consumer is taking some time to recover from the inflation shock. The European Central Bank (ECB) has stressed they are data-dependent. For fundamental analysts, it means that certain economic data like employment may boost the euro While also indicating that their interest rate meeting is 'wide open,' markets see an 87% chance of a cut next month (up from 78% last week). Interestingly, the chart tells a different story. The euro broke the latest major resistance, a possibility which we suggested in our last report. We must now zoom out to a daily chart to see the next target (1.11396) more clearly. Meanwhile, the key support area lies far below at 1.06494. Long-term outlook: weak bearish. The ECB hasn't committed to a specific future path with the interest rate. They are data-dependent, meaning data around inflation, growth, and wage improvement can lift the euro. British pound (GBP) Short-term outlook: bearish. The Bank of England (BoE) cut the interest rate by 25 basis points at the start of this month. However, they remain data-dependent and have no set future path. STIR markets are currently pricing in an additional two cuts for the remainder of 2024. A key theme for the central bank currently is fighting persistent inflation in the United Kingdom. Any future misses here would likely weaken the GBP. As with the euro, the British pound has been saved by dollar weakness on the charts. Still, the major resistance (1.31424) is some distance away, while the key support (1.26256) is also far away. With both outlooks for GBP and USD being bearish, this market is open to moving in any direction going forward. Long-term outlook: weak bearish. The interest rate is the chief bearish driver for the pound. However, STIR markets predict a rate hold next month. Furthermore, two-way risks remain based on upcoming economic data (e.g., inflation, labour, economic growth). Japanese yen (JPY) Short-term outlook: weak bullish. The Bank of Japan’s (BoJ) recent decision to hike the interest rate is bullish for the yen. However, STIR markets expect a hold (100% probability, from 95% last week) at the next meeting. Watch out for the year-on-year inflation rate for JPY on Friday. USD/JPY continues to cool down or retrace after its multi-week massive decline. The major support level to watch is 140.252. Meanwhile, the major resistance (at 161.950) is too far for traders to worry about. Long-term outlook: weak bullish. In addition to the recent rate hike, other bullish catalysts for the yen include lower US Treasury yields. The Bank of Japan is actively intervening in the forex markets, contributing to the JPY's upside last month. However, having moved quite a distance, a further retracement is imminent. Australian dollar (AUD) Short-term outlook: weak bullish. The Reserve Bank of Australia (RBA) unsurprisingly kept the interest rate unchanged on Tuesday to keep the fight against persistent inflation rate. Based on their language, a hike isn't out of the question this year. Like many currencies, the Aussie remains data-sensitive, whether we look at economic growth, labour, or inflation going forward. The recent rise in China's share prices, which correlates with the Aussie, has been positive for the currency. Still, there is doubt over the longevity of this run. As further proof of the short-term outlook, the Aussie market has risen noticeably. It's only about 130 pips away from the nearest major resistance at 0.67986, while the major support level is down at 0.63484. Long-term outlook: weak bullish. The RBA remains hawkish as per last week's meeting, focusing on core inflation. Overall, it's crucial to be data-dependent with the Aussie, with recent labour data keeping the bullish script alive. However, keep in mind that the Australian dollar is exposed to slow economic growth in other countries, being a pro-cyclical currency. New Zealand dollar (NZD) Short-term outlook: bearish. The New Zealand dollar is the only currency for which we have updated the short-term outlook (from neutral to bearish). This is mainly due to the central bank dropping the Kiwi's interest rate from 5.50% to 5.25% last Monday. Lower-revised cash rate projections also hint at the potential for further cuts in the near future. Diarise the upcoming new year-on-year retail sales number as the main high-impact news for the Kiwi. Like its closest relative (AUD), the Kiwi has retraced upwards after just scraping the recent support area at 0.58524. This still remains the focal point, while the major resistance is at 0.62220, an area which it is unlikely to test soon. Long-term outlook: weak bearish. The central bank's dovish stance in its latest meeting (where it cut the interest rate) puts the Kiwi in a 'bearish bracket.' However, as a risk-sensitive currency like the Aussie, any growth data in China could trigger bullishness for NZD. As with its counterpart, traders should be data-dependent. Canadian dollar (CAD) Short-term outlook: bearish. The ongoing mortgage stress in Canada has forced the Bank of Canada (BoC) to be dovish, the first major bearish catalyst. With a rate cut last month, STIR markets have raised the probability to 99% (from 88% a week ago) of the same next month. Watch out for the upcoming data on the CAD inflation rate and retail sales this week. Thanks to dollar weakness, the CAD continues to strengthen mildly. It now looks to test a fairly recent major support target at 1.35896, while the major resistance is far ahead at 1.39468. Long-term outlook: weak bearish. Expectations of a rate cut remain the focal point, with the BoC governor Macklem himself saying it's reasonable to expect more cuts in the future. Moreover, STIR markets have priced in an additional cut sometime this year (aside from the one for next month). The mortgage stress remains a major factor in this interest rate policy, and the BoC will have to cut rates to alleviate it. However, encouraging oil prices, along with improvements in jobs, inflation, and GDP, may redeem the Canadian dollar. Swiss franc (CHF) Short-term outlook: bearish. STIR markets forecast a rate cut in September (an 82% chance) and December this year. Secondly, SNB expects a moderate improvement in inflation, GDP (Gross Domestic Product), and unemployment to rise slightly in the near term. However, the Swiss franc can strengthen during geopolitical tensions like the Middle East crisis. Despite a notable retracement, USD/CHF is largely bearish. The key support area to consider is 0.84323. Meanwhile, the major resistance level is far higher at 0.92244. Long-term outlook: weak bearish. The expected rate cut in the next SNB meetings for 2024 is the main bearish driver. However, the SNB's chairperson, Thomas Jordan, expressed that "appreciation of the Swiss Franc has an impact on monetary policy." This means that potential intervention by the central bank can go either way. Conclusion The fundamental outlooks of each currency have remained unchanged from the previous weeks, except for the New Zealand dollar. However, as expected, prepare for anything on the charts while aligning this activity with the fundamental summaries.
by CityTradersImperium_CTI
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our 1h chart idea playing out perfectly, as analysed. We got the cross and lock below 2500 opening the retracement range, which was hit perfectly. This followed with the perfect bounce for a nice catch and now heading for 2509. We currently have a gap above at 2509 and will need a cross and lock above this level to open the range above. Failure to test and break 2509 level will follow with a rejection for another retracement test to the full retracement. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2509 EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2519 2533 BEARISH TARGETS 2500 - DONE EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2488 (DONE) - 2472 EMA5 CROSS AND LOCK BELOW 2472 WILL OPEN THE SWING RANGE SWING RANGE 2458 - 2446 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
16
NAS100USD ( TRADING BELLOW TURNING LEVEL ) ( 4H )NAS100USD Yesterday, we reached our target of +450 pips. The current price is trading below the turning level at 19,547. As long as it remains below this level, it’s likely to continue declining towards the first support level. Tendency , the price is under bearish pressure , until trading below turning level at 19,547 . Turning Level: The price is currently trading below this level around 19,547 . As long as it remains stable and stays below this level, a drop toward the support level is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level can be expected. Resistance Level (1): around 20,080 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 19,547. If the price reaches 20,080 , and stabilizes above it, it will likely attempt to reach resistance level (2) . Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 20,538 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 20,969 . Support Level (1): As long as the price remains below the turning point of 19,547, it suggests a drop towards 19,115 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2). Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 18,696 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 18,315 . Channel Trend: the trading rate within the ascending channel. TARGET LEVEL : RESISTANCE LEVEL : 20,080 ,20,538 , 20,969 . SUPPORT LEVEL : 19,547 , 18,696 , 18,315 . Time Frame : 4H
OANDA:NAS100USDShort
by ArinaKarayi
SNXUSDT ( INSIDE ACCOMULATION ZONE ) ( 4H )SNXUSDT HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 1.395 . Turning Level: The price is currently trading below this level around 1.395 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected. Resistance Level (1): around 1.530 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 1.395. If the price reaches 1.530 , and stabilizes above it, it will likely attempt to reach resistance level (2) . Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.658 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 1.829 . Support Level (1): As long as the price remains below the turning level of 1.395, it suggests a drop towards 1.226 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2). Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 1.115 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 1.005 . Channel Trend: the trading rate within the descending channel . TARGET LEVEL : RESISTANCE LEVEL : 1.530 ,1.658 ,1.820 . SUPPORT LEVEL : 1.226 , 1.115 , 1.005 .
Short
by ArinaKarayi
DOTUSDT ( BREAKOUT CHANNEL ) (4H)DOTUSDT HELLO TRADERS Tendency , the price is under downward pressure , until trading below turning level at 4.949 TURNING LEVEL : the price of this level at 4.949 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE ZONE : this zone between 5.532 and 5.958 , in order to see this zone the price need breaking turning level at 4.949 , breaking this price indicates an increase and reaching the resistance level (1) at 5.532 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 5.598 , after breaking this zone it will be attempt to reach resistance level (3) at 6.532 , selling have already increase in this zone . SUPPORT ZONE : this zone between 4.012 & 3.595 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 4.012 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 3.595 CORRECTIVE : the price corrective at 4.949, before dropping . TARGET LEVEL : RESISTANCE LEVEL : 5.532 , 5.958 , 6.532 . SUPPORT LEVEL : 4.012 , 3.595 .
Short
by ArinaKarayi
3
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2509 Goldturn resistance and 2500, as Goldturn support. We currently have a gap above on market open at 2509 and below at 2500 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2509 EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2519 2533 BEARISH TARGETS 2500 EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2488 - 2472 EMA5 CROSS AND LOCK BELOW 2472 WILL OPEN THE SWING RANGE SWING RANGE 2458 - 2446 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
19
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2510 Goldturn resistance and we have 2468, as Goldturn support. We currently have a gap open above at 2510 and below at 2491/2468 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2510 EMA5 CROSS AND LOCK ABOVE 2510 WILL OPEN THE FOLLOWING BULLISH TARGET 2529 POTENTIALLY 2550 BEARISH TARGETS 2491 2468 EMA5 CROSS AND LOCK BELOW 2468 WILL OPEN THE FOLLOWING BEARISH TARGET 2436 EMA5 CROSS AND LOCK BELOW 2436 WILL OPEN THE SWING RANGE SWING RANGE 2416 - 2389 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
3
DAILY CHART UPDATEHey Everyone, Please see update on our daily chart structure that we have been tracking and trading successfully for a while now. Last week we advised that a new Goldturn turn created a current ema5 cross and lock above 2405 opening 2464 again. Also keeping in mind the final gap we had open with candle body close above 2464 to 2521, which we shared, as a long range target for several weeks now. - 2464 was hit perfectly last week and then currently we are seeing the breakout into the all time high and heading towards our final target at 2521. We are keeping this protected should we see any sharp corrections. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone, Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months. Last week we stated that we had multiple attempts on the channel top and now we got the candle body close above 2434 opening the 2505 gap. - This gap was now completing hitting our final target on this chart at 2505 - BOOOOOM!! Now this is a crucial week coming up because if this break is to sustain itself on this new range we will be looking for price to find support above the channel top on a correctional retest and then a continuation above. However, if we see on the re-test of the channel top a break into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. If we see a continuation above then we will share a new updated weekly chart idea that we can then continue to track and trade for the months to come. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
USDCAD ( TRADING BELOW TURNING LEVEL ) ( 4H )USDCAD HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 1.375 . Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.375 , leading to rise that could reach the resistance level (1) 1.383 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.387 and 1.394 . Downward Zone: as long as the price remain below the turning level at 1.375 , it may drop towards the support level (1) at1.367 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.360 and 1.354 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.375 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 1.383 ,1.387, 1.394 . SUPPORT LEVEL : 1.367 , 1.360 , 1.54 .
Short
by ArinaKarayi
2
LTCUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )LTCUSD HELLO TRADERS inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) . Tendency, the price inside sensitive are between two turning level around 61.61 and 55.90 . Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 61.61 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 65.88 , after by closing 4h candle above it reach a resistance level (2) at 68.41 . Downward Zone: by breaking turning level (2) at 55.90 , the price should be trying to reach support level (1) 49.77 , after stabilizing below this level could further support to reach of as next level at 47.45 . TARGET LEVEL : RESISTANCE LEVEL : 65.88 ,68.41 . SUPPORT LEVEL : 49.77 , 47.45 .
BINANCE:LTCUSD.P
by ArinaKarayi