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NzdUsd- In search of the next support (could be 0.5750)After flirting with 0.6050-0.6070 zone support, exactly a week ago, NzdUsd managed to break under and at the time of writing is trading well under the psychological 0.6. The overall structure is strongly bearish and we could probably see down continuation. 0.6050 is now resistance and, in my opinion, rallies towards 0.6 should be sold considering a stop above resistance. As the title says, 0.5750 could be swing trader's target.
Short
by Mihai_Iacob
8
USD CAD - Demand in control, outlook to 1.40+G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Daily chart Weekly Chart Monthly Do you enjoy the setups? Professional analyst with 7+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIII
by LupaCapital
GoldViewFX - Market UpdateHey Everyone, We started our trading day with 1926 Benchmark target complete, as stated yesterday. Our swing range also did what it says on the tin and gave the perfect swing into 1932, inline with our plans to buy dips. EMA5 failed to break the 1916 Goldturn, creating a new Goldturn, confirming the push up for the swing range action. We are now seeing the swing range challenge once again. Failure to break will see another rush up or a ema5 lock below will open the range below. We will continue to buy dips using our support levels taking 30 to 40 pips maintaining tight risk management. Exposing small entries allows us to navigate these dips without pressure using our strategic levels for safe entries and exits. BULLISH TARGETS 1942 - DONE EMA5 CROSS AND LOCK ABOVE 1946 WILL OPEN THE FOLLOWING BULLISH TARGETS 1951 - 1959 - BEARISH TARGETS 1937 - DONE 1932 - DONE EMA5 CROSS AND LOCK BELOW 1932 WILL OPEN THE SWING RANGE SWING RANGE 1926 - 1916 1926 - DONE 1916 - DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
BluetonaFX - USDJPY Traders Anticipating US Inflation DataHi Traders! Ahead of the US CPI data in a couple of hours, USDJPY is trading with momentum, and we could finally see the 145.073 resistance level broken if the inflation outlook looks positive for the US. Looking at the 1W chart, the market looks bullish; we are above the 20 EMA; last week's high was broken; and even with the weaker than expected US jobs report announced last week, the US dollar is still showing strength. If the inflation data is stronger than expected, there is a strong possibility that the market breaks the 145.073 resistance level. Above this level is the psychological 150 level, which is the next long-term target that the market will look to test if the bullish momentum continues. Above 150 is our Apex level at 151.946, which is our record high. Depending on the outlook in the US, we may see this level at some point this year. Though USDJPY looks bullish, the market is currently in a range zone, and the resistance at 145.073 must break to confirm the bullish view. On the other side, below is the 137.915 level, which has been our strong support level over the past few months. If the inflation outlook looks weak and the bullish US dollar's bullish outlook becomes bearish, this level will be the likely long-term target level for USDJPY. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
2
BluetonaFX - AUDUSD Potential Support Break OpportunityHi Traders! We have a potential support break opportunity here on the AUDUSD 1D chart. The market looks to be heading towards the previous range zone support of 0.65953. The market has been trading with lower highs and lower lows and is currently in a descending price channel. There has also been a break below our 20-day EMA. The important level here is 0.65953. A break and close below this level will be confirmation for an entry to short for a possible continuation towards 0.64583. This is 2023's low for AUDUSD, so if the market approaches that level, we expect some support there. If we do not get a break and a close below 0.65953, then we will look for buying opportunities to target upside levels near the resistance area at 0.68999. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
GoldViewFX - MARKET UPDATEHey Everyone, Our chart idea is playing out as analysed. We stated yesterday that 1946 cross and locked opening the swing range. This played out perfectly today hitting the swing range. We also stated that each of these structures will give a bounce to catch 30 to 40 pips. Once again this also played out. Our chart ideas setup allows us to trade with the short term trend or against it. Cross and lock below the swing range will open the levels below, Which we can continue to track level to level. The levels are still active and we can continue to buy dips using our support levels, taking 30 to 40 pips at the weighted levels only. If you back test the levels we share, you can see how effectively they can be used to trade against short terms swings. We finished off today with a 50 pip capture safely against the swing. BULLISH TARGETS 1960 - DONE 1965 - DONE EMA5 CROSS AND LOCK ABOVE 1965 WILL OPEN THE FOLLOWING BULLISH TARGETS 1971 DONE 1977 AND POTENTIALLY 1983 BEARISH TARGETS 1951 - DONE 1946 - DONE EMA5 CROSS AND LOCK BELOW 1946 WILL OPEN THE SWING RANGE SWING RANGE 1932 - 1923 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
How To Lose Small When Trading BigLosing trades aren't always bad. It's when you don't manage the trade before you lose that can make losing trades bad. Let me walk you through 4 positions that I stacked week and show you how I avoided losing thousands of dollars and kept the loss to under 1%. Firstly, it's important to understand that I am a swing trader which means I observe a variety of higher timeframes. Secondly, I use my own strategy called TMP. It's based around every pullback within the trend cycles so I can trade the continuation of the trend. Thirdly, This analysis was mostly done on the weekly, daily, 4 hour, and 2 hour timeframe. Lastly, I aim for more than 2:1 reward to risk trades and for these trades I was sure to keep my losses below $500 a trade. Trade 1 s3.tradingview.com This trade was based on the weekly timeframe. The reward to risk was around 4.50 and I knew I'd be in this trade long term. Probably around a month or so, maybe longer. I risked 0.50% in the trade because I needed to build the analysis and I knew I wanted to stack more trades in case price went my way which you will see me begin to build in the new few trades. Trade 2 s3.tradingview.com This trade was based on the 4 hour timeframe. Price made a new higher high on the 4 hour. I set a pending order so when price pulled back it would trigger me into the trade. This trade was a 8:1 reward to risk ratio. I risked 0.50% on this trade. Price began to go my way. I felt good about the trade. Trade 3- Trailing the stop begins s3.tradingview.com Price made a new higher high. I had to drop down to the 2 hour timeframe to get a good view of this trade. My feelings on this trade was neutral. I reminded my self that no matter what I'd follow my rules. So I set another pending order and went about my day. The Reward to risk on this trade was a 16:1. I risked 0.25% on this trade. Now at this time I'm sitting at 1.25% of risk in 3 trades. This was when I decided to move my stop loss on both trades underneath the third trades higher low. I had just a little risk left on both of these trades but nothing heart stopping. I was stoped out of the third position for a for around -0.27%. But my first two trades continued to run. Trade 4- The last stand s3.tradingview.com Then price went my way. I realized I wanted to be long again and the entry sat right where I'd just entered my precious losing trade. The reward to risk was 19:1. Whew! This was the opportunity of opportunities for me this week and I couldn't avoid entering. So I set another pending order to buy. It triggered and a few hours later, I lost the trade. and my other trades were taken out as well. I lost a total of $761. This was only 0.76% loss in my account because of how I managed my trades as price went up in profit. Had I kept my trades at the same risk(1%) and never moved my stop loss I could have lost $4000 this week. The key to losing small is to build out your positions each time price makes a new high or low depending on the direction of the trade. I built 4 positions and I have to say I would do it again. The potential for big rewards to risk got me, and I knew risk 1% on each trade would have meant I'd lose my funded account due to their drawdown rules. I cannot lose 3% in one day. Thats very manageable when you decrease your risk per trade. Thats what had to be done. If you don't think you can pass a challenge by decreasing you risk, your rewards aren't big enough. If you learn anything from the trades I entered this week, the previous statement above is how can lose small while trading big. Do I still believe NZDCAD can go up? Yes! As long as price stays above the weekly higher low. I'll build out this scenario again. Well, I really do pray you enjoyed this recap from my trading this week. I had no other trades on my other currency pair so it was a smooth trading week. Be sure to like this article if you enjoyed it and found it intriguing. If you have any questions do ask them below. Much love and blessing❤️ Shaquan
Long
by ShaquanLopez
2
BluetonaFX - EURUSD All Eyes Now On Euro With ECB PendingHi Traders! All eyes are now on the Euro, and traders are eagerly anticipating the European Central Bank's (ECB) interest rate decision and their press conference later today. Looking at the price action on the EURUSD 1D chart, the Euro has found support near the previous cup resistance at the 1.10120 level. Depending on the outcome we get later from the ECB, the Euro may possibly continue its bullish momentum and target the 1.12757 resistance level for a potential breakout. On the other side, if we get any possible signs of Euro weakness from the ECB, then 1.10120 is the target support level, with a possible opportunity for a break and continuation below. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX  
by BluetonaFX
2
GoldViewFX - Market Update and RANGE MANAGEMENT. Hey Everyone, We started our week with a nice 30 pip catch of the 1962 Goldturn breakout. Ema5 has also crossed and now left a gap to 1973. We are seeing some sideways ranging action, which is drawing the MAs together to converge. We usually see this pre-event to gear up for another breakout. These are the ideal conditions to trap retail traders, as you start to chase targets because gaps will form both ways, leaving you hanging if you don't have a RISK MANAGEMENT and RANGE MANAGEMENT plan. This is where our strategy to buy dips and stick to one direction comes into play. Using our Goldturn levels to buy dips on the smaller timeframes allows us to safely catch 30 to 40 pips even against the trend, always giving us a safe exit. This allows us to fall naturally back into the wave when price ends up in our direction eventually. Please see screenshot below of how effectively we were able to buy against the trend and then naturally fall back into the trend the last two months. We have consistently done this for the last 17 months with our followers. The above strategy coupled with our algo generated activations, give us the Bullet proof edge. We will continue with our plans to buy dips and track the movement level to level, as our long term projection still remains Bullish. However, we have a high volatility week on the forex calendar and FOMC, so expect swings and gaps both ways. STAY SAFE! BULLISH TARGETS 1962 - DONE EMA5 CROSS AND LOCK ABOVE 1962 WILL OPEN THE FOLLOWING BULLISH TARGETS 1973 1979 AND POTENTIALLY 1983 BEARISH TARGETS 1956 EMA5 CROSS AND LOCK BELOW 1956 WILL OPEN THE RETRACEMENT RANGE EMA5 CROSS AND LOCK BELOW 1944 WILL OPEN THE SWING RANGE SWING RANGE 1923 - 1916 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
Overcoming Anxiety & FOMOMy next trade setup on NZDCAD is only based off of me seeing clearly after experiencing FOMO and Anxiety. I pray Tradingview allows this type of conversation to happen because I truly feel like we don't talk about anxiety and Fomo enough in a spiritual manner. If this resonates with you, please share how it helps you by commenting below. Don't forget to like the video as well. Many thanks for watching this video. Thank you. My trade idea on NZDCAD: I'm awaiting for the daily candle closure. If it's bullish I'm buying back up to the -0.27 Fiboncaci Level -Shaquan
by ShaquanLopez
6
GOLD Analysis 24July2023Last weekend Gold fell more than bullish trendline, it could be that at this time the price entered into the correction period. If you see, the price is held strong enough in the resistance area which in my opinion is also a liquidity area. Usually areas like this in the future will be pierced. Therefore, I try to add Elliot notation to this analysis chart, assuming that currently the correction period enters Wave 4, then the price will at least be stuck in SND which intersects with Wave 1 and then will continue bullish again
PEPPERSTONE:XAUUSD
by Hokusai_FX
GoldViewFX - Weekly Chart Gold ProjectionHey Everyone, This us our weekly chart idea that we have been tracking over the weeks. It has been playing as projected with the push up from support we shared last week. Please review the last update below to stay with the flow of our long term projection on this idea. We have a candle body close above 1956 leaving a gap to 2000. However, the channel half-line is acting as resistance. EMA5 cross and lock above the 1954 Axis will solidify the move by providing the momentum to break the half line for the range above. However, we need to keep in mind we are at the centre of the channel and therefore swings to test the channel bottom or top need to be part of our long term plans. As always we will use our smaller timeframes to manage this level to level. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR LAST UPDATE Hey Everyone, Please see our weekly chart update, which has been playing out on every weekly review. We stated we were long term Bullish on this chart with short term bearish. We saw price go for a test to the channel bottom, which was supported by 1894 Goldturn for a push up. This push up was highlighted last week by us due to the price detachment to ema5 above and 1954 AXIS TARGET. This was completely to perfection. This is a strong area of resistance on the weekly chart with 1954 axis resistance and the channel half line providing resistance. We will no look for ema5 lock above 1954 to open the range above. Chart look bearish short term with a long term bullish outlook, as the short term target areas have potential for a nice bounce up. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
1
USDJPY will go UP by Inverse Head and Shoulders Pattern🚀USDJPY is moving on 🟢 support zone(139.10 JPY-137.60JPY) 🟢. Also, USDJPY has managed to form an Inverse Head and Shoulders Pattern in the support zone. I expect USDJPY to start growing after completing the pullback to the neckline and at least touch the 🎯 target 🎯 of the Inverse Head and Shoulders Pattern. 📚Since the Regular Divergence(RD+) between the right and left shoulders is clearly visible, this point adds to the validity of the Inverse Head and Shoulders Pattern. 📚Another sign that increases the validity of the Inverse Head and Shoulders Pattern is that the momentum of USDJPY approaching the neckline is greater on the right shoulder than on the left shoulder. 🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
49
BluetonaFX - GBPUSD Potential 1.30000 Retest OpportunityHi Traders! There is potential for a retest of the psychological 1.30000 level on the GBPUSD. We can see here on the 1D chart that the market has been extremely bullish since the long-term resistance break of the 1.28486 level. We have had a price rejection at the 1.31424 level, and the market has now broken below the 1.31000 handle, which provides opportunities for possible shorts back to 1.30000. If we get a pullback to 1.30000 and the level does not hold, there is another target at 1.28486; this is the level that the market broke out from, leading to the push towards 1.31424. Keep stops tight here; if the market continues to the upside instead and 1.31424 breaks, the market is likely to continue towards 1.32000, and we will look for buying opportunities instead. Please do not forget to like, comment, and follow, as your support helps us greatly. Thank you for your support. BluetonaFX
by BluetonaFX
4