Get started

Buysetup

GoldViewFX - 4H Chart UPDATE & RANGE VIEWHey everyone, A quick update for end of play today. As you can see the chart speaks for itself, we have hit our first target at 1852. Those of you, who have been following all our posts, would have seen how we have been calling each target step by step. Price has reached the Goldturn channel half line at 1852 and now we need to see EMA5 cross this level to confirm movement to the upper level of the channel to the next target at 1856, 1859 AXIS (strong level) and 1872. We will review this by each level and keep you all posted. Current RANGE VIEW (See related post below on how to read Range View) Its beautiful to see the Range Boxing in action here, showing a range view of the current price range and the entry into the new Range box, which is also inline with our overall analysis on 4H chart. FOMC tomorrow, so we plan to stay out and if we decide to play, we will only be using small LOTS to test waters. Please don't forget to like, comment and follow. We really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
15
GoldViewFX 4H Chart UPDATE & IDEAHey Everyone, A quick update following on from our post this morning. The targets we identified for our buys were hit perfectly and retraced from the Goldturn as identified. We maintained our plans to buy dips and taking positions from Goldturn supports identified. Here we have the 4h chart update, showing a Goldturn channel that we broke out of and now broken back in. We have identified the potential future break of this channel with a supporting trendline and should our plans maintain support, then we shall see price go back up and hit our channel top target at 1852 and 1856. We have updated the 4H chart Goldturn Levels and as long as 1790 is not broken, our 4H chart bullish structure remains. 1H CHART UPPDATE (SUPPORT AND RESISTANCE LEVELS) Please don't forget to like our post, comment and follow, as always we appreciate it and it helps us to keep you all updated with our ideas. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - 1H Chart UPDATE on TARGET$We posted this yesterday (see related post below) identifying the Bullish movement yesterday will look for support at 1828 Goldturn. This is once again playing out perfectly. If this holds at 1828 as support we should see another push to the upside. This is another example of strong resistance turning into support. A break or range between the two Goldturns 1828 - 1840 will now determine our current range and projected range. All our buy signals TPd at 1842 given the Premier Club the perfect exits. Pleasw dont forget to like, comment and follow, it really helps us to bring more regular updates and analysis to you all.
OANDA:XAUUSDLong
by Goldviewfx
4
GoldViewFX - Updated LEVELS and TARGET$Hey All, Just a quick update and illustration of what the price is trying to do. The Goldturn trendline is giving us a steady move up with enough time to assess any change in the structure. If EMA5 finds support close to 1838, then we will see the move up towards the upper targets. However, as you can see from the blue triangle sitting below the Goldturn trendline, we can expect retracements down to 1830 and it will still support the structure to buy dips. 1830 level will also be the half way mark from benchmark; if price finds support at 1830 and starts the Bull Run, then we said this happens (see related back to benchmark post below) when price shifts a range and therefore price doesn't need to go back to benchmark, otherwise we would always see price come back to Benchmark 1816 level. We will remain Bullish above 1816, and any changes to our plans we will keep you all updated. FOMC is tomorrow so I will only be taking small LOTs and low exposure. Please don't forget to like the post, comment and follow, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
13
$CHRW ready to move higher after breaking its ~17 month base?* Great earnings in the recent quarters * Strong up trend * High 3-month relative strength of 3.82 in the Industrial sector * Has a U/D Volume Ratio of 0.94 (ideal would have been > 1) * Pays out a generous dividend * Breaking out of its ~17 month base * Due to the recent volatility it had a slight pullback after its previous breakout * Has been holding up really well over the past week when the general market was selling off like crazy. This is showing relative strength and institutional demand. * Used the broken level as support and pushed higher from there Trade Idea: * It is not advised to trade breakouts in the current market conditions. * If you want to enter with a small position, now would be a great time to enter as the price is just breaking out once again. * If you're looking for a better entry you can look for a buying opportunity around the $105.7 area as that should continue serving as support moving forward.
NASDAQ:CHRWLong
by HaseebKhan_90
GoldViewFX - Update on LEVELS & TARGET$$ Hey Everyone, Just a quick update from yesterdays analysis. Our setups for buying dips still in play and we have started to see this play out with price hitting two targets 1838 and 1844. We had a rejection at 1844 and saw price come down to 1838. If 1838 resistance now turns into support and holds this level we will see the continuation of the Bull run. If this level fails to hold and breaks through with EMA5 cross and candle body close below this level, we will see price go further down to the Goldturns we have identified to find support. Each of these support levels are buying opportunities for us. Any sell signal that are being activated, we are taking with small LOTs. Our main focus is on buying dips, as the current structure supports it. Any changes to our plans, we will keep all our followers updated. RANGE VIEW The range view shows price sitting in a dead zone. 1830-1847, outside of the most recent historical Range Boxes (see related post on RANGE BOXING below). We are taking caution at this range, as price can take a swing either way and change the structure. Stay close for more updates. Please don't forget to like, comment and follow; it really does help us to bring more content to you. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GoldViewFX - XAUUSD LEVELS - TARGET$ - ANALYSISWe had a perfect finish last week with our BUY's hitting target and buying dips according to our plans throughout the month. Price hit target at 1847 and followed with a retracement down to 1832 and found support. We have a Goldturn support level at 1832, which needs to hold to continue with the Bullish move to targets at 1850 and beyond. If price does not find support here at 1832 and we see this Goldturn level break with EMA5 cross and candle body close, we will see price move down to the next Goldturn support at 1826. We should then see continuation of the Bull run, if price is supported on this level. However we will watch closely to see if this level is broken with EMA5 cross and candle body close, which will then open targets to 1819, 1816, 1812 and 1806, being the lowest level we can see, while still maintaining the Bullish structure and for us to continue to buy dips. All support and resistance levels are clearly marked on the chart. Current RANGE VIEW from historical price range The current range view shows a breakout and now sitting between two ranges 1830 - 1847. We will look for a EMA5 break and candle body close into either of the immediate Range Boxes to confirm movement and play within the new Range Box. Daily chart view The daily view is also inline with our overall analysis. Keep watching for regular updates throughout the week, as we make changes and adaptations to our plans along the way. Please don't forget to like, comment and follow to support us, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
5
GoldViewFX - RANGE BOXING = RANGE VIEW - STRATEGYHey All, We had some great feedback from our back to BENCHMARK strategy (see related post below) and wanted to share another simple strategy that I have been developing and using for many years that I call, Range Boxing. A term I thought was the perfect cliche of two words for this strategy. RANGE BOXING creates what we call a RANGE VIEW; A clear view for price action within pre-determined zones. This then allows us to trade a ranging market and get out before a RANGE BREAKER or gear up to ride the RANGEBREAKER by identifying the RANGE SHIFT. I will define each term below and then walk you through the strategy. RANGE SHIFT This is the early signs of a range breaker or a merger of a range and allows us to start identifying when the price is about to break out of a range or MERGE (more likely). RANGE BREAKER The break out of the range into another range confirmed with EMA5 break and candle body close above or below the RANGE BOX RANGE BOX Boxes created around a side by side price range, defining the top and bottom of the box with EMA5 Goldturns (See all my previous posts on Goldturns) Its the way we draw SUPPORT and RESISTANCE. They create levels with less noise and more suited to trade Gold. Please see example below of a RANGE BOX, created using GOLDTURNS. RANGE VIEW This is created by using historical range boxes in the same range and bringing over the boxes to the current price range. This now gives you the view of the projected range. HOW TO USE THE STRATEGY Strategy can be used on higher time frames for longer term direction, however I find it more effective to trade with on the 1 HOUR and or 4 HOUR chart. I zoom out of the chart and look for the last time the price was in this range and identify the 3 ranges. One range above (RANGE1), the middle range (RANGE 2) and the bottom range (RANGE 3). I then created boxes around those ranges 1,2 and 3 using the highs and lows of the Goldturn levels. (See example above). Once this is done, I now bring those boxes and stretch the boxes across to the current price range. This now gives us the RANGE VIEW. I always put a half line across the range of a RANGE VIEW. It allows me to break down the zone to identify the RANGE SHIFT. I can now trade the current range using these levels, bouncing up and down the range. Identifying each level break and rejection using Goldturns and EMA5 breaks. If a box is broken with EMA5 and a candle body close, its a range breaker and it opens target to the entrance of the next RANGE BOX. To enter the RANGE BOX we again look for EMA5 to break inside with a candle body close, which then confirms movement to the half line and then same again for the target to the top of the RANGE BOX. A rejection by resistance, will then have the price come back down to find support, until we see another breakout. We can start to identify early breakouts by identifying a RANGE SHIFT and a fake BREAKOUT by Goldturn rejection. Please see the example of the chart, RANGE 3 into RANGE 2. When the half line is broken up from range 3, price started to find support on the half line from resistance to support. This allowed us to identify the structure for a RANGE SHIFT. RANGE SHIFT's are easier to catch then a RANGE BREAKER, as a RANGE SHIFT is a merger approach into a new range. I can now also apply the Back to BENCHMARK strategy, as an overlay on each range to support a BREAKOUT or RANGE SHIFT. I hope you all find this setup useful and it adds as an additional tool to support your trading analysis. Please don't forget to like, comment and follow, it really helps us to bring more quality content to you all. GoldViewFX XAUUSD TOP AUTHOR
FX:XAUUSD
by Goldviewfx
19
GoldViewFX - BACK TO BENCHMARK - BASIC ANALYSIS STRATEGYWe promised to share this with some of our newbies and thought it would be good to share it with you all. This is a prime example of how any Fundamental event related spikes up or down, come back to where the spike started; we refer to this, as Benchmark at GoldView. The framework resets when a strong Range breaker shifts two ranges and in that case it will retrace half the Benchmark. Looking at current chart, we have done half way, so either it pushes up from here or the lowest we can see it go to for now is 1814. Hope this helps, Please don't forget to like, comment and follow to support us GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
24
GoldViewFX - 4H Chart LEVELS & TARGETS$$We have been posting upon post about being in a Bullish structure for weeks with our ideas and needless to say all our ideas have played out and our plans on buying dips throughout the month has paid off. We have drawn a Goldturn channel, which has been respected well and price has been supported well, at the bottom of the channel. Its not had much play in the upper part of the channel. However price has now broken the half line of the channel. If price can now find support on this half line, it will re-affirm movement to the upper levels. 1856 is the next target, which it can go do now or ideally we would like to see some retracement, support and then push up. This will then allow us to get some good entries. Should we get a strong rejection on this zone, which is likely at the upper levels going by historical data, we will update our plans accordingly and share with our followers. 1H CHART This was posted this morning before the movement up. We identified 1847, as the next target. This was done perfectly! For our new followers; please see related posts below, to see how we called the movements before they happened! Please don't forget to like the post, comment and follow to support our work. It helps us bring more to you on this platform. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
15
GoldViewFX - H1 Updated LEVELS & TARGETS$$Our upper levels have opened up and we have drawn the Goldturns to cover this range by taking historical data in this same price range with targets up to 1847 and above. The upper part of the GOLDTURN channel drawn using Goldturns is sitting at 1862. We are expecting another push up, however we may get some retracement to 1830 level to find some support. We have updated the chart with all the Goldturn support and resistance levels to follow. We will watch how EMA5 challenges these levels to confirm direction and sequence of the movement. Our plans to buy dips still remain, as the bullish structure is still in play. If this changes we will update our plans accordingly. DAILY CHART EMA5 has broken 1818 daily chart Goldturn opening gap to 1850. Please don't forget to like, comment and follow to support us, we really do appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
$BERY breaking out of its ~8 month base!* Excellent earnings quarter over quarter * Strong up trend in the long term * Incredibly high 3-month relative strength of 20.49 in the Consumer Cyclical sector * Breaking out of a ~8 month base with higher than average volume * Base depth is ~21.5% hence the max probable ROI for this trade would be ~21.5% if the trade goes in our favor * Recently broke above its all-time-highs indicated by the red line at $60.77 and retested it as support Trade idea: * The price is just breaking out of its base for the second time. * Earnings coming up and can be expected to give a positive surprise. NOTE: * Given the current market conditions, it is suggested that we sit in cash. * But, if you are willing to still jump in, now would be a great time as the price is just breaking out. * If you are looking for a better entry, you can look for an entry around the $70.90 area. * If you have access to volume profiles you can see that the $70.9 area did get quite a bit of volume. * So, if this does break back below $72.95 we can expect the $70.9 area to hold as support while the general market corrects.
NYSE:BERYLong
by HaseebKhan_90
1