GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey everyone,
We saw price move from 1992 to 1926 last week. We were able to pick buy trades using support levels and exiting with 20 to 30 pips at a time. The overall trend is still Bullish and therefore we were not confident in riding the short term trend change with the volatile momentum.
We are in a range of 1945 to 1917, which we have seen price play in this range below. Its a range where it will be too early to commit anything long term. If we see a break below 1917 we can see lower levels open up 1907, 1901, 1894 and 1888. A failure to break the 1917 level will see us back to 1945. We expect price to play within this range. A break above 1945 will open up the upper range again.
BULLISH TARGETS
1937, 1945
BEARISH TARGETS
1927, 1921, 1917
SWING RANGE
1917
As long as EMA5 remains within the range 1917 - 1945 we can bounce between support and resistance taking 20 to 30 pips at a time to avoid getting stuck in a breakout. We may be in a short term downtrend but EMA5 has not crossed ma21 on the daily chart to confirm further Bearish movement and remains in a uptrend.
We will be watching this closely and keep you all updated. Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
Buysetup
USDCAD weekly outlookHello guys,
Based on the chart, a breakout happened on a resistance area last week and now we are waiting for a pullback on our support area (change of polarity feature) and if all the things go well, we can consider a good buy opportunity for following days.
Note: This post will be update base on market reaction.
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GBPAUD-LONGGBPAUD is a correlating pair with AUDUSD. my bias on a technical perspective for AUD is short, as seen on a high time frame, the AUSSIE has been going down strong. with a possible retracement, it can potentially continue to drop & a result, GBPAUD will most likely go long. For GBPAUD, on a weekly timeframe, a shooting star printed on a crucial monthly support zone, with a Moving average cross over on a daily time frame which shows a possible push to the upside. this is my overall opinion on a technical standpoint. throughout the week, we will have to keep an eye out for our fundamentals.
what do you guys think?
$STER breaking out of its IPO base with cup and handle!* Great earnings so far
* Breaking out of its IPO base with a cup and handle pattern
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 10.83
* Relative Strength vs. SP500: 406.08
* U/D Ratio: 1.68
* Base Depth: 48.82%
* Distance from breakout buy point: 1.81%
* Volume 39.73% above its 15 day average.
Trade Idea:
* Playing the break of the handle
* You can enter now as the price is still close to the broken base
* Or if you're looking for a better entry you can look for an opportunity around $27.24.
* Manage risk according to your entry and tolerance
$VIST ready to push higher?Notes/Thoughts:
* Strong up trend in the recent years
* Okay earnings with growth expectation
* Closed just above resistance of $9.07
* During the consolidation from March 23, 2022 the volume was decreasing; now it's increasing and back above the average
* A high Relative Strength along with the high UD Ratio shows this may be ready to move higher.
Technicals:
* Sector: Energy - Oil & Gas E&P
* Relative Strength vs. Sector: 1.79
* Relative Strength vs. SP500: 11.04
* U/D Ratio: 1.68
* Base Depth: 21.26%
* Distance from breakout buy point: 0.11%
* Volume 6.71% above its 15 day average.
Trade Idea:
* You can enter now as the price is just above the broken resistance
* The entry now is providing a good risk/reward ratio
* Manage risk according to your tolerance
NIFTY buying idea explainedNIFTY is in channeled uptrend and completed 3 waves up.
It has to complete its 4 th wave correction upto 17560 as ABC zigzag .
this is 2nd confirmation for buying set-up, where 3 confluence of support lines coincides
Buy after wedge break-out on Friday(08/04/22). for a solid bull run of 5 waves as c5 to take our nifty once again to the resistance zone near 18500
GoldViewFX - MARKET UPDATEHey Everyone,
Quick update from yesterdays analysis. We saw retracement down to 1940 Goldturn but no candle body close or ema5 cross to confirm 1931, so we waited patiently for a Goldturn to be created above 1940 to give us confidence to start buying dips again. 1944 and 1952 HIT perfectly as planned, which we walked through in stages with our members.
Please see updated targets and levels to look out for below; Please also note we have BENCHMARK still open at 1976. (see related post below)
TARGETS
1961, 1969
RETRACEMENT RANGE
1944 - 1952
SWING RANGE
1927 - 1931
4H CHART UPDATE
This chart was posted on the 17th APRIL and now clearly shows the swing range in action at 1939.
We are trading levels Goldturn to Goldturn and using our unique INTRADAY LEVELS and taking no more than 20 to 40 pips maximum to avoid any traps. Patiently with discipline we are navigating the market with profit!
Please don't forget to like, comment and follow to support our work, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
NAS 100 Short Term Long Set Up Welcome back! Here's an analysis of this pair!
**NAS100 - We are monitoring 13950.00 area for a potential short term buy. 1 hr. structure is bullish, pull back to support, price above 50 MA. If structure is broken, trade will not be valid. If our entry criteria rules are met, we will enter the trade.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
$REXR breaking out of a cup and handle with Pocket Pivot!Notes:
* Excellent earnings
* Very strong up trend in the long term
* Breaking out of a ~4 month cup and handle
* Printed a pocket pivot
* Good earnings report
Technicals:
* Sector: Real Estate - REIT - Industrial
* Relative Strength vs. Sector: 1.69
* Relative Strength vs. SP500: 5.56
* U/D Ratio: 1.15
* Base Depth: 19.23%
* Distance from breakout buy point: -2.13%
* Volume 28.87% above its 15 day avg.
Trade Idea:
* You can entry now and play the pocket pivot
* Or you can look for an entry around $78.7 area for a better risk/reward ratio
* Manage risk accordingly
$EW breaking out of a ~8month base!Notes:
* Good earnings record
* Very strong up trend on the monthly
* Breaking out of a ~8 month base for the second time
* Has been ranging tightly for the past few weeks between $123.27 and $119.94
Technicals:
* Sector: Healthcare - Medical Devices
* Relative Strength vs. Sector: 1.2
* Relative Strength vs. SP500: 3.88
* U/D Ratio: 1.13
* Base Depth: 20.9%
* Distance from breakout buy point: 1.01%
* Volume 18.81% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still very close to the breakout point
* If you're looking for a slightly better entry you can wait for an opportunity around $123.27 or 119.94
* Manage risk accordingly
$GGB breaking out of a ~11month base!Notes:
* Great earnings in the recent quarters
* Strong up trend in the recent years
* Breaking out of a ~11 month cup shaped base with higher than average volume
* During the recent pull back the volume was decreasing indicating bullishness.
Technicals:
* Sector: Basic Materials - Steel
* Relative Strength vs. Sector: 7.19
* Relative Strength vs. SP500: 13.71
* U/D Ratio: 0.8
* Base Depth: 56.93%
* Distance from breakout buy point: 0.31%
* Volume 14.02% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of the base
* Manage risk accordingly
$PLD breaking out of a cup with handle!Notes:
* Excellent earnings
* Very strong up trend in the longer time frames
* Breaking out of a ~5month cup with handle pattern with higher than average volume
Technicals:
* Sector: Real Estate - REIT - Industrial
* Relative Strength vs. Sector: 2.29
* Relative Strength vs. SP500: 7.54
* U/D Ratio: 0.96
* Base Depth: 20.72%
* Distance from breakout buy point: 0.3%
* Volume 34.89% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out with higher than average volume and good earnings report.
* If you're looking for a slightly better entry you can wait for an opportunity around the $168 area
$PLUG entry PTs 26.50-27.50 Next Target PT 46.50 and higher^ Plug Power Inc (NASDAQ: PLUG) has signed an agreement with retailer Walmart Inc (NYSE: WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen.
The hydrogen will power material handling lift trucks across Walmart distribution and fulfillment centers in the U.S.
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the mobility, material handling, and stationary power markets in North America and internationally. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzer, a hydrogen generator optimized for clean hydrogen production. The company offers its products to retail distribution and manufacturing businesses through a direct product sales force, original equipment manufacturers, and dealer networks. It has a strategic partnership with Airbus SE to decarbonize air travel and airport operations with green hydrogen; and Fortescue Future Industries to manufacture electrolyzer technology in Australia. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
GoldViewFX - MARKET UPDATEHey Everyone,
The hourly chart has HIT all the Bullish TARGETS identified. Once again our strategy to take 20 to 40 pips at a time using our levels gave us safe exits on our buys. Even when the market moves outside the technical sequence due to external news our technical analysis gave us the exit with precision!!
The market took the price down using St. Louis Fed President James Bullards comment as an excuse. Bullard said that hikes of 75 basis points should not be ruled out. The last increase of that size was in 1994. They have taken out some of the retail traders and will now buy back in at a lower price to reach the upper targets again. PATIENCE is staying out and coming back in with the smart money.
The market may now move sideways here in this range before we see it settle back into organic movement. 1961 GOLDTURN support level was a strong level that got taken out, opening 1952 and 1944, which was HIT. 1944 is our next significant support level. EMA5 break and close here will see 1940, 1931 and 1927 open for TARGETS. Failure to break 1944 will see price BACK to BENCHMARK (SEE RELATED POST BELOW ON BACK TO BENCHAMRK)
BULLISH TARGETS
1952, 1961, 1969
RETRACEMENT TARGETS
1944, 1940, 1931
SWING RANGE
1921
DAILY CHART
The daily chart structure is very much Bullish and the overall trend is clear. MA's are still aligned in order ma5, ma21, ma50, ma200. Even taking into consideration the FULL SWING RANGE of the daily chart should ema5 cross over some of the MA's, we still remain in a clean uptrend.
I remain confident in BUYING dips in this market condition and taking 20 to 40 pips at a time will give us a better chance in navigating curve balls the market throws at us. Today was the perfect example! We will trade this range Goldturn to Goldturn and entries and exits using our custom daily INTRADAY levels that we share with our members daily.
As always we will keep you all updated with our trading plans daily. Please don't forget to like, comment and follow to support us, it helps us bring more content to you all.
GoldViewFX
XAUUSD TOP AUTHOR
$HYMC Next Target PTs 3.25-3.75 and higherHycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine covering an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2021, its Hycroft mine had measured and indicated mineral resources of 9.6 million ounces of gold, and 446.0 million ounces of silver. Hycroft Mining Holding Corporation is headquartered in Winnemucca, Nevada.
$USEG Next Target PTs 13-18 and higherU.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas. As of December 31, 2021, the company had an estimated proved reserves of 1,344,626 barrel of oil equivalent; oil and natural gas leases covered 89,846 gross acres and 5,757 net acres; and 146 gross producing wells. U.S. Energy Corp. was incorporated in 1966 and is based in Houston, Texas.
GoldViewFX - MONTHLY CHART UPDATEHey Everyone,
We have not shared the monthly chart for a while and wanted to share this, as we have identified an EMA5 cross and lock above 1867 MONTHLY CHART GOLDTURN for the first time!!! This confirms the next monthly level at 2074 and also supports the cup and handle pattern, which has a higher TARGET set to break the ATH.
As always we expect swings but manage our risk using our custom intra day levels that we share daily with our members that give us safe entries and exits.
Please also note we do not trade patterns alone but do use them to support our overall analysis.
Please don't forget to show your support by hitting like on this post, we would really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
$SBLK ready to push higher after printing a Pocket Pivot?Notes/Thoughts:
* Broke out of $29.87 once again this time with tonnes of volume and a printed a pocket pivot!
* With increased hedge fund activity it makes sense to get in now
* Has the relative strength and the UD Volume indicating that it's ready to move higher
Technicals:
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 11.25
* Relative Strength vs. SP500: 10.98
* U/D Ratio: 1.24
* Base Depth: 21.77%
* Distance from breakout buy point: 1.98%
* Volume 106.73% above its 15 day avg.
Trade Idea
* The idea here is to play the pocket pivot.
* The pocket pivot seems to be valid as it's emerging from the 10/20 EMAs
* This seems like a good entry as it broke out from $29.87 with tonnes of volume and we can expect it to continue higher
* Managing risk tightly as I don't want to lose more than 4% on this trade
* If you're looking for a better entry you can look for an opportunity around the $29.87 area and manage risk accordingly
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS$Hey Everyone,
We have broken out of the GOLDTURN channel and then saw price support at 1961 providing another push up. As long as EMA5 stays above 1961, the upper levels will stay open for the open TARGETS.
1984 TARGET open due to EMA5 cross and lock with candle body close.
TARGETS - 1976, 1984, 1990, 1996
RETRACEMENT RANGE
1961
If 1961 is broken we will see lower GOLDTURNS open for target, however we will still remain BULLISH and will wait till we see deeper corrections with new Goldturn support to be created for us to continue to BUY dips again.
These significant GOLDTURN levels we pick out allow us to know when to pause before we continue to buy or sell and our strategy for this market condition to buy 20 to 40 pips at a time allows us a better chance to avoid getting stuck in any swings.
SWING RANGE
1952
1961 support is crucial to maintain upper TARGETS.
As always we will keep you all updated with daily updates on how we manage the range. Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone,
We have updated the 4H chart Goldturn levels and we will now watch how EMA5 reacts to the immediate Goldturn support and resistance levels. As long as EMA5 is maintained above 1957 we will remain confident in buying dips and taking 20 to 40 pips at a time will allow us to get out safely with a better chance to avoid getting stuck in any swings.
TARGETS
1975, 1995, 2017
EMA5 cross and lock with candle body close gap to next GOLDTURN will confirm each level at a time. We will wait to see EMA5 cross 1975 to open the upper targets. Failure here we will see a challenge at 1957. EMA5 break below 1957 will change our 4H chart setup, as the lower targets 1939 will open up. However we will still remain within the Bullish swing range, which will still give us confidence to buy dips.
RETRACEMENT RANGE
1957
SWING RANGE
1939
We will closely observe the Goldturn challenges on this chart. As always we will keep you all updated throughout the week.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR