Financial Wave. spx500Our preferable scenario was violated by the price rising above 4010. The fall of the index is in doubt, and this scenario may be completely canceled if it rises above 4320. We don’t cancel the fall option, it is possible if the SPX500 returns below 3900. We will continue to look the SPX500.
Trdaing
GoldViewFX - Market UPDATEHey Everyone,
We had a PIPTASTIC start to JUNE, buying dips from support levels has played out perfectly. We saw price challenge the full swing range at 1830, which we highlighted as a strong support zone. We then rode the buys up Goldturn to Goldturn.
We had all the MAs touch on the push up just MA200 is due around the 1851 mark. We can see potential retracement down to 1845 - 1839 and then another push up. We will be looking for EMA5 cross and lock or candle body close to confirm each level.
BULLISH TARGETS
1851, 1857, 1860
BEARISH RETRACEMENT TARGETS
1845, 1839
SWING RANGE
1830
We are confidently buying from support levels and using any drops for those sniper entries banking 20 to 40 pips at a time to avoid swing traps.
As always we will keep you all updated with any changes to our plans with regular updates throughout the day, please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey Everyone,
Another awesome day!!! We HIT both the TARGETS we called yesterday 1888 and 1896.
Price moved up to hit 1904 Goldturn and retraced the full movement down and now found support at the Goldturn trendline, as expected. As long as EMA5 remains above this trendline level we should see price move back up. Should EMA5 break below this trendline then we can expect the full swing range to be tested before another push up. We must consider this while managing our risk.
Bullish TARGETS
1888, 1896, 1904
RETRACEMENT RANGE
1869
SWING RANGE
1856
We will keep a close eye on this tomorrow and keep you all updated. Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
EURUSD 20% two trades running /forecastHere we go again guys. EU long as forecasted what a week so far!! running 20% in two trades and we only just started moving.
We hit POI then BFI have started stacking orders to initiate bullish order flow, i can see this through the price action on the lower time frames. My target is the highs liquidity
Trading plan for EURUSD, GBPUSD, USDJPY for 17/12/2019EURUSD*
The technical cross-section**:
Trend: 0
A strength of trend: 3
Overbought/oversold : none
The priority area of transactions : buying
Buying in the area of 1,1120 with a stop below 1,1090 and a profit in the area of 1,1160.
Buying in the area of 1,1070 with a stop below 1,1040 and a profit in area 1,1160
Selling in the area of 1,1220 with a stop above 1,1260 and a profit in area 1,1160.
GBPUSD
The technical cross-section:
Trend : 1
A strength of trend: 4
Overbought/oversold : overbuying
The priority area of transactions: buying
Buying in the area of 1,3340 with a stop below 1,3200 and a profit in the area of 1,3320.
Buying in the area of 1,3150 with a stop below 1,3100 and a profit in the area of 1,3240.
Selling in the area of 1,3400 with a stop above 1,3450 and a profit in area 1,3300.
Selling in the area of 1,3500 with a stop above 1,3550 and a profit in area 1,3400.
USDJPY
The technical cross-section:
Trend: 1
A strength of trend: 3
Overbought/oversold: none
The priority area of transactions: buying
Selling in the area of 109,60 with a stop above 109,90 and a profit in area 109,00.
Buying in the area of 109,10 with a stop below 108,80 and a profit in the area of 109,60.
Buying in the area of 108,60 with a stop below 108,30 and a profit in the area of 108,90.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analysis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
Trading plan for EURUSD, GBPUSD, USDJPY for 18/03/2019EURUSD*
The technical cross-section**:
Trend: -1
A strength of trend: 0
Overbought/oversold : none
The priority area of transactions : selling
Selling in the area of 1,1380 with a stop above 1,1430 and a profit in the area of 1,1260.
The purchase in the area of 1,1260 with a stop below 1,1220 and a profit in area 1,1340.
GBPUSD
The technical cross-section:
Trend : 0
A strength of trend: 2
Overbought/oversold : none
The priority area of transactions: buying
The purchase in the area of 1,3200 with a stop below 1,3160 and a profit in area 1,3340.
The purchase in the area of 1,3120 with a stop below 1,3080 and a profit in area 1,3240.
Selling in the area of 1,3350 with a stop above 1,3390 and a profit in the area of 1,3250.
Selling in the area of 1,3450 with a stop above 1,3490 and a profit in the area of 1,3350.
USDJPY
The technical cross-section:
Trend: 1
A strength of trend: 3
Overbought/oversold: none
The priority area of transactions: buying
Selling in the area of 112,00 with a stop above 112,40 and a profit in the area of 111,10.
The purchase in the area of 111,10 with a stop below 110,70 and a profit in area 111,80.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analysis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
BTCUSDT BITTREXBTC has been looking quite strong for the past few days, breaking up into the 7k region and has continued up to the 7300 area where it faces some strong resistance.
As you can see on the daily chart there has been multiple pull backs to the 61.8 fib level after each impulse move. The 61.8 fib level for the most recent push lines up perfectly with the next daily resistance level at around 7413.
I feel that this will be a very strong level of resistance and after the strong run BTC has already had to get to this area, I feel there is a high chance it will be rejected and retrace down to look for support.
However, after trending down for the whole of 2018 so far, BTC has finally made its first higher low on the daily after bouncing at the 5900 support. This is a good sign that BTC might finally be starting to turn around and go bullish. We still need a few more confirmations first though.
I will be watching closely over the next few days/weeks and looking for another higher low to be formed. This would be achieved if the 6750 support is respected and that level would be a healthy pullback before the next push. If we do get a bounce from that level or another support level for a higher low, we may see BTC continue to move up to retest that long term down trend/wedge top line and potentially break out to confirm a new bullish trend.
Waiting for confirmation before entering my long position.
I am also using smaller time frames to trade longs/shorts on bitmex during these choppy market times and will be posting some of my XBTUSD charts soon.