GoldViewFX - DAILY CHART UPDATEHey Everyone,
Please see the daily chart setup we have been tracking for a few months now. with our final target at 1992 being HIT last week. We now have price close above 1992 leaving a long range gap target to 2026. EMA5 cross and lock above 1992 will solidify the confirmation for the push up into the higher levels.
However, we have a EMA5 detachment below, which is why we are seeing the retracement and expect this to re-attach before we can access a re-test above. If price finds momentum during the attachment to ema5, we may also see price go the for the retracement zone challenge.
We will use our smaller timeframe chart ideas to track the movement level to level to pick entries and exits.
This chart has been playing out perfectly over the last few months, as we continue to track the movement to buy dips.
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
Tradingsignal
ZEUS Bullish MACD Setup - High Accuracy of Winning TradesOur MACD Setup is created to reveal winning entry points for a trade with high accuracy.
In our MACD Setup we combine multiple conditions to recognize only strong entry points.
Multiple factors need to be met in confluence:
1. Recognize the Trend = Bullish / Bearish Trend (50 EMA is Above / Below 200 EMA)
2. There is a MACD Cross = Bullish / Bearish MACD Cross (MACD Cross is Below / Above Zero Horizontal Line)
3. Avoid False Signals in a Sideways Markets = MACD Cross far from horizontal zero “0” line
4. Filter only Strong Trend Situations = Candle Close above/below 200 EMA
5. Avoid Extreme Values in RSI = check if there is way to go before we get oversold/overbought
6. Our Algorithm Filters Signals in Side Trend and Low Volume Markets
Let´s explain the conditions step by step
1. Recognize the Trend
Exponential Moving Average (EMA) is one of the most effective trend identification indicator. Traders like it because of it its simplicity.
EMA is usually used in combination between 200 days (as a slow indicator) and 50 days (as fast indicator of the trend).
Bullish Trend = EMA 50 is Above EMA 200
Bearish Trend = EMA 50 is Below EMA 200
2. There is a MACD Cross
After we recognized the Trend (Bullish Trend in our case) we would like to trade with the trend so we are looking for Bullish MACD Cross.
Bullish MACD Cross is Below Zero Horizontal Line
3. Avoid False Signals in a Sideways Markets
So we found Bullish MACD Cross and now we want to be sure that the Cross far away from the Zero Horizontal Line.
Our algorithm filters crosses and shows only signals with decent distance form Zero Horizontal Line.
4. Filter only Strong Trend Situations
Once we have met the first three criteria (Bullish Trend and Bullish MACD Cross far from Zero Horizontal Line) we need confirmation that the market is still strong and is moving forward in an uptrend.
So we look at price action and there need to be Candle Close Above EMA 200 . Closing about EMA 200 indicates continuation of the trend.
5. Avoid Extreme Values in RSI
The other condition is based on RSI and we are looking only for situations where RSI is not overheated so there is a way for trend continuations.
In our case RSI was in the middle values so we can expect market to continue its uptrend.
6. Our Algorithm Filters Signals in Side Trend and Low Volume Markets
We have developed our own Algorithm which filters signals in low volume markets and side trend.
NASDAQ - double bottom, channel upThe price is moving up in a ascending channel, broke a strong level. After a pullback I expect further upside until the next significant resistance.
D1:
Good trading!
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Gold - go up, or go down?The price has reached a significant resistance, if it breaks the level, the target price is 1960, if unsuccessful, we will expect for it to head towards support at around 1865.
Next levels:
Supports: 1865; 1808; 1770
Resistances:1960; 1995; 2050
H4:
ETH/USD possible trading ideaOkay so when we have a look at the chart we can see that the price is not moving much these days. What we can see now is that the price has not gone below a small time frame support now and that we also have a possible ascending wedge happening. I think that this could be a valid ascending wedge because we got at least 3 times that the wedge was touched and did not got crossed. What I am now waiting for is for the price to go back to that wedge and see what it will do then.
I think that the price will go above the wedge and then do a retest of that wedge before we get the real big and good pump to the top. I think that this could take a while before we got this and that the big profits could even take longer because we have all of the trading in crypto that is going a little slower then we are used to.
So for now it is waiting and just keep an eye out the price to get to the wedge and then wait for the retest before we can enter the trade.
If you have any questions, feel free to send me a PM.
If you like the idea don't forget to leave a like and feel free to comment your idea for this pair.
Trading opportunity for AXSUSDT Axie InfinityBased on technical factors there is a Long position in :
📊 AXSUSDT Axie Infinity
🔵 Long Now 9.24
🧯 Stop loss 8.06
🏹 Target 1 10.45
🏹 Target 2 12.00
🏹 Target 3 14.85
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
GoldViewFX - DAILY CHART UPDATED STRUCTUREHey Everyone,
Please see updated daily chart structure.
We are at a very crucial support zone on the daily chart, challenging 1660 Goldturn, which we saw price bounce off on Friday and failed to cross below, leaving room for a recovery this week.
We will be monitoring this chart closely for EMA5 cross and lock confirmation to track this movement range to range. If we see another challenge to 1660 and then followed with EMA5 cross and lock below 1660, it will open targets to 1610 and 1578.
We will need to see a new Goldturn above structure support to provide momentum for EMA5 to cross and lock 1705 for a Bullish recovery.
We remain above the setup level with plans for the push up still in line with our technical setup. However, keeping in mind the FEDS rate hike and more pricing in action, we need to manage risk and range accordingly to absorb any swings before falling in line with organic technical movements.
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD INVALIDATED ITS BULLISH VIEW? BELOW 1670 TARGET 1637Looking Back at Mar 22, 2021, We talked about XAUUSD in consolidation level.
Since that time, XAUUSD has tested its historical time and failed. Then reversed in deep correction.
As I said at previous idea Mar 22, 2021,
"Break and hold above 1925 would resume medium term bullish view to test 1990 and all time high 2075 level.
Break below 1660 would invalidate its bullish view."
Now, XAUUSD break below 1670 and 1660, invalidated its bullish view.
If XAUUSD Hold Below 1670 then its Bearish Continue To Target :
1637, 1534, and 1200.
Resistance at 1740.
EURUSD D, ABOVE 1.0189 TARGET 1.0268 & 1.0368EURUSD made a false break below Strong Support 0.98999, and the rebound.
After That, EURUSD HIT TARGET at 1.0078, 1.0134, 1.0189.
As we talked at previous idea,
"While Above 0.9899, EURUSD then Potential Rebound To 1.0078, 1.0134, 1.0189."
Now, Can EURUSD rebound continue?
If EURUSD Break Above Fibo 61.8% 1.0189, then Potential Target at 1.0268 & 1.0368.
Strong Resistance at 1.0368, If Break, then Bullish.
But while EURUSD still Below Fibo 61.8% 1.0189, it Still Bearish.
Strong Support at 0.9899, If Break, then Bearish Continue To Target 0.9840.
Next Bearish Target 0.9710.
(From AB=CD pattern, where D=0.9710).
GBPUSD W, Above 1.1405 Target 1.1760 & 1.1934GBPUSD rebound after hit 1.1405 level.
As we talked at previous idea,
GBPUSD "If Break and hold Below 1.1876 then Potential Target is 1.1624. Strongest Support at 1.1411."
Now, GBPUSD hit Fibonacci 1.618% and formed Double Bottom around 1.1405.
Outlook,
While Above 1.1405, then GBPUSD Potential Target at 1.1760 & 1.1934.
But If Fail To Hold Above 1.1934, then GBPUSD is Still Bearish.
Strong Resistance at 1.2293.
Anyway, If GBPUSD Break Below 1.1405, then Potential Target at 1.1341 & 1.1227.