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GoldViewFX - STEP2 - HOW TO TRADE BLUE PRINT ZOOMED INThis is a follow up post from the previous post (SEE RELATED IDEAS POST BELOW) on zooming out to identify historical ranges and moving across the levels to the current range. This post now zooms into the current range, with the historical range highlighted. We then draw our Goldturn support and resistance levels and are now able to use EMA5 indicator to trade these levels. We also add other analysis and indicators alongside this to further strengthen our move. Hope this was useful, please don't forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
GoldViewFX HISTORICAL DATA = BLUE PRINTWe always advise, as the basis of all technical analysis, is to zoom out and view the overall range and find price ranges similar to the current price range. This allows us with a greater chance to map out a potential blue print for the current range by following how price reacted historically in the same range. This allows you to see how the historical range is being respected both ways and only by zooming out and bringing the historical range in view, in line with the current range, we are able to identify and predict these movements in the most basic form. We then use indicators and setups to trade within those levels for specific entries and exits. Please don't forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
6
4H chart update and Axis Targets $$We have identified Goldturn Axis Levels (Using a formula derived from Goldturns) 1799 Axis done on previous range. 1770 axis level was challenged and supported. This level is also our range breaker level so unless this level is taken out we are still in line to target 1784 and 1796 Axis level targets. If 1770 level is broken with EMA5 close awe will re-evaluate targets and update our plans accordingly. We keep our lots small and range big !! Please don't forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDLong
by Goldviewfx
14
Goldturn strategy in action TARGET$ HITWe posted this on the 29th of December. The levels were drawn using Goldturns and then we also identified the gaps left open after broken with our Goldturn EMA indicator. Both targets were HIT. The levels identified are still very much in play, as the price action is back in the range. We will review new gaps and targets on these levels over the course of this range. Please don't forget to like, comment and follow to support us! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
GoldViewFX - End of week UPDATE on TARGETS$$Fantastic week for us and our followers. 1787 held for now like we anticipated and created a Goldturn just above it, which was the first sign that the support was going to hold. We had price wick out at 1782 but no candle body close below 1787 level. 1795 Goldturn was the next level - Again this was HIT just like we analysed!! We are now looking for EMA5 to cross this level to confirm 1802. We already have a candle body open above 1795 just as i'm typing this, which is a good sign for further movement to the upside. However If 1800 is rejected then the 1787 level will have a good chance to break through. We still remain buying dips and will continue to do so, till the current structure changes. Right now these strong support levels identified are allowing us to maintain the same framework. Any changes to our plans and setup, we will be sure to update you all. Please don't forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
CTVA breaking out of an 8 month cup and handle?* Exceptional earnings * Very strong up trend * High 3-month relative strength of 1.24 in the Basic Materials sector * Pays out dividends and two quarters back it increased its dividends * Breaking out of a cup and handle pattern * Also offering a pocket pivot entry * Base of the cup is ~8 months long and ~17.6% deep * The stock is relatively new and this is it's 2nd stage base Trade Idea: * You can enter now as it's just breaking out of the handle and is offering a great risk/reward ratio
NYSE:CTVALong
by HaseebKhan_90
CB looking to reach new highs?* Exceptional earnings * Very strong up trend * High 3-month relative strength of 2.43 in the Finance sector * Pays out quarterly dividends * Breaking out of a ~5 month base Trade Idea: * You can enter now as the price is just breaking out of the base. * Today's price action printed a bullish pin bar which indicates that there's tonnes of demand around the $196.43 area. * Offering a great risk to reward ratio * Given the current market conditions you may want to wait or trade a smaller size Caution: * A daily close below the $193.12 area would put this idea in danger.
NYSE:CBLong
by HaseebKhan_90
CDW breaking out of a 5 month base with volume!* Perfect earnings * Very strong up trend since inception * High 3-month relative strength of 1.65 in the Tech sector * Pays out quarterly dividends and just last quarter it increased its dividends! * Broke out of a ~5 month base with volume * Broke out late December and has been consolidating since then right above the breakout point * Even with the uncertain market conditions it's managing to stay above the broken base. Trade Idea: * You can enter at today's closing price if you don't mind a little volatility. * If you're looking for the perfect entry, you may wait for the price to turn a bit lower and enter near the $203.30 area * Due to current market conditions it's better to wait and see what may happen. * If you're a bit more conservative you may wait for a break above this current range and look for an entry near $207.72 Caution: * A daily close below $198.14 would negate the idea.
NASDAQ:CDWLong
by HaseebKhan_90
GoldViewFX DAILY chart UPDATE $$We expected a drop in price due to the Goldturn created below the 1818 Goldturn resistance level, further strengthening this level. We also identified a Goldturn support area of 1789, which also fell in line with the ascending trendline support we drew forming an axis level of 1787 for support. This was respected beautifully!! This is a crucial challenge. We will watch how this plays out before planning any further BUYs. Please don't forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
GoldViewFX - Updated levels and Targets$$We have had a nice Bull run to hit pretty much all our targets above. We expected a drop from the 1830 resistance area, which played out nicely. We capitalised on a few sell signals during this movement down. We are still in a market structure that supports buying dips and therefore we will continue to pick up entries. However the framework for buying dips had a floor support of 1766, which has now moved upto to 1787. Therefore we expect this level to hold and if so we will continue buying dips. However if we find this level to break then we will re-assess our strategy for this market condition and update our followers. Please dont forget to like, comment and follow us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
9
OHI (Tentative Buy)Omega Healthcare Investors, Inc. engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities. Its portfolio consists of long-term leases and mortgage agreements. The company was founded on March 31, 1992 and is headquartered in Hunt Valley, MD. OHI has been in a selling trend for the last two quarters of 2021, and appears to be heading toward a price breakout of the current resistance. Why? 3 Potential Indicators: 1) A bullish wedge is forming on the long-term daily chart. 2) RSI has crossed 50, is moving toward the upside 3) Candles in the last few days are trading above the Bollinger Bands, signaling price breakout to higher high and higher low in the coming weeks. Entrance Strategy: When price breaks a current resistance level. Exit Strategy: Take profits at new ATH or after 10% increase.
NYSE:OHILong
by lydiascherr777
ADP looking to head higher prior to earnings?Note: I last mentioned this around late October 2021. Since then it's gone up and consolidated while the rest of the market was turning down. This shows institutional support technically and it's also doing really well fundamentally. * Amazing earnings quarter over quarter * Incredibly strong long term up trend * High 3-month relative strength of 2.64 in the Industrial sector * Broke out of a roughly month long base last week * Came back down to a buying range and now increasing in volume again Trade idea: * Right now's a good time to enter as it's using it's 10 EMA as support. * It's 2.1% above the broken resistance which is still very close * Offering a great risk to reward ratio * If you're looking for a better entry, you can look for an opportunity near the $240.11 area Caution: * A break below $236.13 would negate this idea.
NASDAQ:ADPLong
by HaseebKhan_90
GoldViewFX Projection & update on TARGETS$$This is an update from yesterdays post. Al targets being HIT, as mapped out by us. Price is currently challenging 1813 Goldturn resistance. If this holds we will see another drop towards 1800 - 1795. However if we get EMA5 to cross this level with a Goldlturn, then we will safely resume to next target 1822 and 1828. We are getting signals both ways between these levels and both are getting hit according to the range mapped out. DAILY CHART VIEW The daily chart is showing a strong level of resistance here. Usually this is the ideal setup to short on this level. We banked our buys to be safe, however we will not be shorting here yet. The structure here was developed with higher Goldturns, which gives us an early indication that there is a chance for this level to be broken this time. HOURLY CHART We have drawn a Goldturn channel, which is being respected well. Price is challenging the central zone of the channel. A break on this level with EMA5 will confirm the movement to the top end of the channel. A rejection here will see us at 1800 again. So far so good and no changes to our plans. Any change to the market structure and we will be sure to update with a new setup and trading plan. Please don't forget to like, comment and follow to support our work. It helps us to keep sharing!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
15
GoldView UPDATE on TARGETS$$3 HOUR CHART VIEW We posted our Goldturn broadening wedge yesterday, which has been respected well alongside our Goldturn support and resistance levels. Price was rejected at the top of the channel resisting at the strong 1830 level, price retraced down to the level identified. We may have some sideway movement here and then we anticipate some movement up to the targets identified above. This zone of 1800 - 1790 are areas that we expect to be supported. If we see EMA5 break this support level then the setup will change and we will make changes to our plans. So far so good !!! We have highlighted each Goldturn support and resistance level, which we will watch closely for a break with EMA5 and candle body close above or below to confirm momentum for the next level to be tested. DAILY CHART VIEW The daily chart Goldturn 1818 resistance level failed to break with EMA5 highlighted yesterday, therefore we saw the movement down. We are now testing the 1802 Goldturn support. If this breaks then the lower levels identified will open up. We will post new sequence of targets should this happen. For now our plans on buying dips remain. The breakout zones identified on the daily chart either side, are areas that we will not trade on first approach into the range. The structure changes when these zone open up, so its important for us to sit and wait for a blueprint of the range, before re-applying a new setup that is suitable for the new structure. HOURLY CHART Hourly chart support and resistance levels identified and a Goldturn broadening wedge. Lower channel being tested. We will look for EMA5 to cross each level to confirm momentum to next with candle body closing after cross. The axis levels identified are the stronger Goldturn levels that price always challenges while playing in the range. Top end axis allows us to short and lower end axis allows us to long. We also tend to use these levels for targets for exits. As always we hope you find our ideas useful and we would greatly appreciate a like, comment and follow to support us. We really do appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
13
SCHW looking to reach new highs?* Great earnings * Strong up trend * High 3-month relative strength of 3.72 in the Financial sector * Breaking out of a base on base pattern with higher than average volume * Broke out a few days ago but due to the market conditions it had a slight pull back to the breakout point Trade Idea: * If you don't mind a little volatility and want to catch the bigger move, you can enter now as indicated. * The price is only 1.73% away from the broken level * However, if you're looking for a better entry, you can look for one around the $84.30 area as that should serve as support moving forward.
NYSE:SCHWLong
by HaseebKhan_90