Is BTCUSD low at 25350 going to hold this time?We have entered on 4h confirmation bar and as of tuesday this week, the 4h bottom has gone onto confirm on the daily timframe. Let's see if it continues further upwards and go onto confirm the bottom on the weekly timeframe according to our smart money framework indicator.
BTCUSD(Long)
E - 26626
SL - 25827
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1. 7 steps to achieve consistent trading performance
www.tradingview.com
2.7 steps for strategy construction
www.tradingview.com
Previous reference image
Tradingstrategies
Is Brent going to hit its daily target - Stretch principleThis trade we are looking at on Brent oil is based on the stretch principle. We have entered on the close of the confirmation bar(the one with the dot) according to our smart money framework indicator and our trend alignment with the the higher timeframes.
E - 1.2643
SL - 1.2547
T - To be confirmed(TBC)
So far,it is going in our favour as it has taken out the upper stretch line which gives the bigger range from open(BRO) a higher probability to form in that direction. We will be tracking this move and managing it as we go along. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1. 7 steps to achieve consistent trading performance
www.tradingview.com
2.7 steps for strategy construction
www.tradingview.com
3.Stretch principle videos
Refer to related ideas links as below
Is GBPUSD low at 1.2547 going to hold and become a W bottom(1)We have entered on a 4h bottom confirmation according to our smart money framework indicator and for it to go onto confirm the bottom on daily and then weekly.
E - 1.2643
SL - 1.2547
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1. 7 steps to achieve consistent trading performance
www.tradingview.com
2.7 steps for strategy construction
www.tradingview.com
THE ART OF RANGE MANAGEMENT - WITH THE TREND OR AGAINST Hey Everyone,
Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions.
Now a question that typically arises here is why would it still be advisable to buy when the market is pushing down? Firstly, let me assure you that the same algorithms, experience and strategies that we use to achieve a 97% hit rate with our bullish directional bias also gives us the heads up, or down if you will, on when the market is going down. Don't think for a moment that we only know how to analyse a bull market or up trends. We share targets/signals for both buys and sells but choose not to hedge out of choice. Our published results remain consistently profitable month in month out!!
In my experience, in the current market conditions, it is much safer to get out of a stuck buy position than a stuck sell position. That's not to mention the clean PSYCHOLOGICAL PROFILE that is achieved when trading in just one direction. And although hedging can in theory work, it requires years of experience and in the end, is simply not worth the effort. I am more than capable of hedging effectively but the fact that I do not should tell you something.
Let us look at an example to further answer the question highlighted above. When you have short-term bearish momentum down, we take buys from key supports or MAs which act as dips. Remember that the market does not go up or down in a straight line (with the rare exception of short-lived parabolic moves). So, when the market is going down and hits one of our key levels, a buy from that point will go back up for 20 to 30 or 30 to 40 pips (this number of pips has been calibrated based on back testing) before resuming back down.
You can think of it like this. The market moves in a zigzag manner. The zig is that part of the leg which is going down to create lower lows (if the downward trend is continuing). The zag is that part of the leg which takes a breather and pushes back up with momentum for our entry and quick pip-take range to create a lower high (if the downward trend is continuing) before heading back down again. We catch the right and safest waves (buys) in and out and surf to success. When price hits a key structural support or stops creating lower lows and lower highs, we then reassess for entries with a wider range of pip capture.
Hope this post helps our followers to understand how we keep our psychology strong!!
GoldViewFX
XAUUSD TOP AUTHOR
GBPNZD ____ INCOMING BEARISH MOVEHello Traders,
GBPNZD has been heavily bullish and with this bullishness, it created imbalances which can also be referred to as price inefficiency which would be made efficient or rebalanced in the future.
Last week, there was a bearish CHOCH on the daily timeframe which indicates a shift from bullish to bearish. Could this mean that price is ready to rebalance the inefficiencies? I don't know but the probabilities are positive.
I will be waiting to see if price will trade into the daily supply orderblock. When this happens, I will go into the 1hour timeframe to see if there will be a shift in structure to go short. If I don't see, I don't trade.
Price might not get to the order block due to the strong bearish move and just continue. Our job is to wait.
See below for correlated pairs: EURNZD, NZDCHF & NZDSGD
Follow for more updates like this.
EURNZD ANALYSIS
NZDCHF ANALYSIS
NZDSGD ANALYSIS
Cheers,
Jabari
USDJPY: Strong Support and Upward TrendThe price reached a strong support level and touched the ascending trendline. With a long-term upward trend, I expect further upward movement. It is worth examining the processes on lower timeframes and looking for entry points.
If you find it useful, like, follow, share!
Good trading!
CRUDE OIL UPDATE, LAST ZONES FOR BULLS For me, everything above 80 dollars is bullish. Bounced back from the last range and fib 0.381.
We are also at the VAH of the previous range, the 50 and 200 daily EMA that it currently holds. In front of this zone comes the 50 100 200 daily MA.
I would most like to see scam wick to VAL which is also 0.618 fib 73.28$
Two big trades with real risk reward that can go through.
I'm not sorry if this strategy doesn't work, the last two chances for the bulls and should be used.
Best luck.
USOILLast time I hung up when there was a daily 3 divergence on Daily and retest VAL and I wrote that I expect another retest. Now we are testing POC plus a few minutes ago we received positive news that there is even more stimulation compared to August 16. There is also a 4h divergence on momentum and RSI here, the stop below the start is worth trying.
Tell me your opinion about this!
RUNE gonna rune?Most crypto asset are all going to test the May 2022 level before getting rejected. Some get there, so do not and get there and pass it but still get rejected over time. Rune started similar race toward same level and it is still holding, but will that continue till the top of 2021, I doubt it, but if it does, its goo for entry 3. For now i expect the direction as shown on the chart using the CSTP indicator to analyze the market volume sentiment conditions.
#tradesmartly
Is BTCUSD low at 28477 going to hold and become a W bottom(2)This is in reference to our previous idea of looking at a potential entry on daily seller bar high to be taken out for price to continue further upwards and go onto confirm the bottom on daily and then weekly according to our smart money framework and indicator.
The bottom has not held and price is going further down. The trade is now invalid and the
order will now be cancelled. Refn image from our previous idea as below.
Is GBPUSD low at 1.2616 going to hold and become a W bottom(3)This is in reference to our previous idea of us entering on the 4H timeframe bottom confirmation towards a daily bottom and then a weekly bottom to confirm. It was entered based on price and volume spread analysis rationale.
As of today,the daily bar seems to be going in our favour for the 4th day in a row. Let us see if the bottom confirms on the daily today according to the Smart Money framework and indicator.
If it does, we would have got the 1st part right of the 4h bottom confirming to become the daily bottom and then the last part which we need to see if it goes to confirm the weekly bottom.
Refn Images as below.
Waiting for EURUSD weekly top to confirm before trading P1 moveWe are looking to capture a weekly P1 move on EURUSD after the top confirms on the weekly timeframe. We are following the smart money framework based on cycles and the volume spread analysis methodology to catpure the turning points in the market and to ride the big runners.
Is GBPUSD low at 1.2616 going to hold and become a W bottom(2)This is in reference to our previous idea of us entering on the 4H timeframe bottom confirmation towards a daily bottom and then a weekly bottom to confirm. It was entered based on price and volume spread analysis rationale. Let us check and see if the bottom confirms today according to the smart money framework. So far, the daily is going in our favour.:)
Refn Images as below.
GoldViewFX - Gold LEVELS and TARGETS for the weekHey Everyone,
Please see our updated 1h chart levels and targets.
Price is ranging sideways between 1910 and 1918. 1918 is a weighted level of resistance and the next Bullish target. We will need to see 1918 break and lock to open the levels above.
1919 and 1902 fall in the retracement test range and likely areas of test. We will keep this in mind when taking buys from dips. A break and lock below 1902 will open the swing range, which will allow us to track the movement down and the catch bounces up. This style allows us to naturally fall back in the long term trend without looking for the bottom or top.
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
1918
EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS
1937 -
1946 -
BEARISH TARGETS
1910 -
1902 -
EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE
SWING RANGE
1895 - 1884
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
DOLLAR (DXY) ____ ANOTHER BULLISH RALLY Hello Guys,
This week might end the dollar bullishness as I speculate that Friday 'could' be the last bull run before the bearish move starts...
If you look at the daily chart of the dollar index, you would notice how price was manipulated to get people to sell the dollar only for it to reverse and rally. This rally, however, should continue.
It would be nice to see price retrace into the order block and see if price will change from bearish to bullish before continuing the rally. However, due to the manipulation that happened yesterday, there is a chance that price would not retrace to the order block before continuing to rally.
Since the dollar is bullish, it simply means that pairs such as AUDUSD, GBPUSD, and NZDUSD would print a bearish candle by the end of Friday while USDCAD & USDCHF would print bullish candles.
Follow for more updates like this.
Cheers,
Jabari
GoldViewFX - 4H Chart LEVELS and TARGETS for the weekHey Everyone,
Please see our updated 4h chart levels and targets.
We are in bearish formation respecting the Goldturn descending channel and currently testing the 1911 Goldturn support. We have 1918, as the immediate Bullish target with a break and lock above this level will provide the momentum to test the channel top.
Price has found support at 1911 for a bounce towards the channel half-line also inline with the target to 1918. Ema5 cross and lock above 1918 will open the range above also inline with the channel top.
We will continue to buy dips using the weighted 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.
Retracement and swing ranges have been updated for correctional retests.
BULLISH TARGETS
1918 -
EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS
1927 -
1934 -
BEARISH TARGETS
1911 -
1902 -
EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE
SWING RANGE
1882
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
GoldViewFX - Daily chart mid/long term TargetsHey Everyone,
Please see our Daily chart update that we have been tracking. Price bounced off the resistance structure leaving a long term gap to 1992. The rejection played into the Axis support level.
EMA5 previously failed to break this level, which followed with a bounce back up. If we see EMA5 cross and lock below this level then we are likely to see the range below open up.
The range below will also provide dynamic swings throughout the movement, allowing us to buy dips using the smaller timeframes.
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
BTCUSD ____ TRADE IDEA FOR DAY TRADERS & SEMI-SWING TRADERSHello Guys,
I don't trade crypto for personal reasons but a friend requested I do this for her and I thought to share it here too.
Although BTCUSD still needs to reach lower before rallying, I speculate that the coming week will be bullish for a particular trading pattern I have come to understand differently than what is been taught or written about. I would do an educational post on this someday.
Right now, you'd notice that price is hunting sell-side liquidity and is likely to complete this move into a daily order block after which I speculate that price would rally to hunt buy-side liquidity.
Follow for more updates like this.
Cheers,
Jabari
EURNZD ____ TRADE IDEA FOR DAY TRADERS & SEMI-SWING TRADERSHello Traders,
EURNZD rallied almost throughout this week and at some point it is expected to retrace. If you go on your monthly chart and use your Fibonacci to calculate the extension, you would notice that price just traded to the first expected price target and it make sense that the price should start the retracement from there.
On the 1-hour chart, you would notice that a CHOCH has formed which could lead to a retracement in price.
Follow for more updates like this.
Cheers,
Jabari