Hey Everyone, Following on from the 1H chart analysis, I have applied a new setup on the 4H chart and tried to simplify the roadmap to guide the movement for me. We have an AXIS target at 1940, which needs an EMA5 break and candle body close above 1905 GOLDTURN to confirm LOCK. We are looking for EMA5 to create a new Goldturn above 1890 to then HIT 1905 and...
Another awesome day of trading for TEAM GOLDVIEW!! 1806 Goldturn axis was hit, as per our post on the 16th December (see related post below). We identified this as a target and a strong level of support. Price was rejected at 1806 and failed to break down so we saw a retest back to 1820 level. Our buy entries from 1806 were all banked at 1819 and now we see price...
GBPJPY - As per the price action & daily chart patterns it is expected to go down from here. My approach will be a sell here at current price 156.730 Potential downside target 155.700 Maintain stop loss around 157.150 Trade as per your risk appetite, I will be glad to see your likes & comment.
Sell: GBP / AUD Sell limit: 1.84950 SL @ 1.85630 TP @ 1.83010 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone
Price is on a bullish momentum and abiding to our ascending trendline. We see potential for short pullback from our sell entry at 0.93235 in line with 100% Fibonacci extension towards our Take Profit at 0.92731 in line with 23.6% Fibonacci retracement . Stochastics are at a level where dips previously happened. Any opinions, news, research, analyses, prices,...
#cadjpy, weekly char forming lower low and lower high, high supply zone between 92.10-30. use 0.5% risk cmp, use remaining 0.5% pending sell limit order by 92.05-10. stop loss 92.60 while target 89.30.
1. At the supply zone 2. Upper parallel line modified pitchfork 3. RSI at resistance NZDUSD Short
Price has been consolidating in a parallel channel. We see a potential entry at 1.37532 which is a graphical overlap and in line 61.8% Fibonacci extension and potentially climb higher towards our Take Profit in line with 127.2% Fibonacci extension. Technical indicators are showing bullish momentum. Alternatively, our stop loss is placed at 1.37155 in line with 50%...
Strength both in the funding and carrying pairs in the chart due to the interest rates decisions. However, U.S Dollar has more demands so we keep our bias short, with caution!!
#EURGBP 05 04 2021 The price movement of this pair is characterized by strong price jumps. In 2019, it showed a rapid rise, but also plummeted from the resistance level of 0.928. Then she repeated the same rise-fall movement in early 2020. And already in April last year it touched the resistance level for the third time. From this level, the price reversed in the...
USDCAD analysis Long. I'm not sure if it is right, I just want to share my idea ;)
As We Broke down from monthly to weekly timeframe we are seeing shift of momentum to upside. we clearly see structure now creating higher highs and higher lowers and now we see price retrace to the daily support area and --> we see a nice double bottom with a nice higher low indicating price will have buyers power to push the market higher. i will do a quick...
*****Please follow, like, and support this idea, if it helped you in anyway***** ***This is not a financial advise*** In long at EurJPy - going well till this time hope to contonues Expert, please share your view - will lear more from your view points
Gold is going short for me as per now, as we see on the chart, it created a harmonic pattern and it reached the resistance level, so gold will have to test the support level. therefor we are going to execute a sell for gold and don't worry about the lot size.
Yesterday GBP/USD price broke through the key technical level of 1.3000 and posted it's first lower low on the 4H timeframe since late July. Today price looks to be returning to test the 1.3000 support turned resistance zone, which is also in confluence with the weekly descending trend line. As a result of this confluence we are expecting a strong rejection from...
Mid-term Forecast: Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.6791). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in an uptrend and the beginning of downtrend is expected. . The price is above the 21-Day WEMA...
Good Morning Traders. All indicators are bearish on the chart with the upper trendline having acted as resistance twice and price seems to break through the the 69.55 level. I do not consider this to be a strong level and with no immediate strong support level on the daily chart I willing to place a long term trade on this pair. On chart the next strong level...