TheGoldRoom

TheGoldRoom

Pair: EURUSD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, head and shoulders pattern ————— Key Takeaway: Overall very bearish for the EUR and this seems like an amazing point to short as we have seen a break of support and a re-test using it as resistance, we will see how we start when the market...

TheGoldRoom

Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation break ————— Key Takeaway: Been ranging for some time now and we finally saw some breaks to the downside toward the end of last week, we are looking for re-tests of this broken level of support before shorting as USD has gained some strength...

TheGoldRoom

Pair: USDCHF Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation period, ascending triangle pattern ————— Key Takeaway: Price has tested this level of resistance more than once now and we are seeing possibilities of price coming back through bearish. We have spotted a very strong trend line on the 4H...

TheGoldRoom

Pair: USDCAD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation period ————— Key Takeaway: Seen a vast period of consolidation for the pair recently and we have just seen a bounce off support, we are looking for breaks of the next level of short term resistance before looking for the possibility of...

TheGoldRoom

Pair: GBPUSD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway: Just approached a very significant level of resistance where we have seen alot of consolidation. We could either see a bounce or break, we have to be ready for either move ————— Level needed: need a close by...

TheGoldRoom

Pair: GBPCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance ————— Key Takeaway: Approaching strong resistance and high volume level, we are looking for a bounce before price reverses ————— Level needed: need a close by 1.11360 ————— Trade: SHORT RISK:REWARD 1:9 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION

TheGoldRoom

Pair: EURGBP Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, breakout, descending triangle ————— Key Takeaway: Just approached mass support with alot of historical strength, we have also followed along with our downward trend line for some time. We need to see a break and retest of this level of support before...

TheGoldRoom

Pair: USDJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, breakouts ————— Key Takeaway: We have seen price consolidating in a ascending triangle manor for the past week and we might finally see a breakout this week. We have been using resistance and high volume profile together and the...

TheGoldRoom

Pair: USDCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation period, breakout ————— Key Takeaway: Loads of strength for USD we have seen a break of resistance before market close on Friday and we are expecting a retest of this broken level before proceeding upward. ————— Level needed: need a close by...

TheGoldRoom

Pair: USDCAD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation period, triple touch ————— Key Takeaway: Loads of strength for USD at the moment and we have seen that this pair has been consolidating for some time. We have seen weakness of CAD also last week so we are looking for long entries of this pair....

TheGoldRoom

Pair: GBPUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern break, ascending triangle pattern ————— Key Takeaway: Last week we saw a break of pennant pattern and the pair showed overall strength with BOE attempts in rescuing GBP. We are looking for a break of this next level of resistance and a...

TheGoldRoom

Pair: EURUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, retracement trade (pullback) ————— Key Takeaway: The pair has been repeating the same pattern of breaking, re-testing and reversing from significant levels of support for some time and as we can see here we are about to repeat...

TheGoldRoom

Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, pullback, fib levels ————— Key Takeaway: Overall bias for the pair is bearish as we have been down trending in this trend channel for weeks now, we could expect to see some sort of pullback to resistance at the start of the week before...

TheGoldRoom

Pair: EURCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break or bounce ————— Key Takeaway: Alot of bullish movement for the pair so we could see break of the trend channel although this momentum could be exhausted and we could bounce and reverse bearish ————— Level needed: need a close by...

TheGoldRoom

Pair: EURGBP Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern ————— Key Takeaway: We have seen a break of consolidation and are now looking for breaks of this descending triangle pattern, we are keeping bias open so we could breakout either way, we just have to be ready when it does...

TheGoldRoom

Pair: NZDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, support break, retest, pennant pattern break ————— Key Takeaway: We have seen price break the pennant pattern to the downside and a bounce off of resistance trend line, we have entered short and are aiming for the next major swing low ————— Level needed:...

TheGoldRoom

Pair: GBPUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, resistance break, retest, pennant pattern ————— Key Takeaway: We have seen a break of resistance, we need to see a re-test of this level as newly found support before entering long, TP1/2 will reflect the incoming trend line of the pennant and we will have...

TheGoldRoom

Pair: EURUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, double top?, ascending triangle pattern ————— Key Takeaway: Price has reached resistance level and could possibly be forming a double top, if we do we will look for short trades. On the other hand EUR has been showing some signs of bullish steam so we could...