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GBPUSD, H4 | Potential Bearish Reversal?GBPUSD is seeing major resistance at the 1.2577 level which is an overlap, 100% projection and is seeing bearish divergence vs price. A reversal from here could see prices being pushed all the way down to 1.2477. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com):  ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
6
GoldViewFX - MARKET UPDATEHey Everyone, Our chart idea and levels have been respected perfectly with our retracement range holding once again and supporting the price again for a nice push up today. We caught the move inline with our plans to buy dips for a nice finish back to benchmark move. EMA5 has also broken the weighted level leaving a gap to 1979. As always we only take entries from dips using our levels and don't chase targets from the top. We will continue with our plans to buy dips and track the movement level to level. Our long term projection still remains Bullish. BULLISH TARGETS 1952 - DONE 1963 - DONE EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN 1979 19798 - BEARISH TARGETS 1937 - DONE EMA5 CROSS AND LOCK BELOW 1941 WILL OPEN THE SWING RANGE SWING RANGE 1918 - 1895 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
GoldViewFX - DAILY CHART UPDATEHey Everyone, We had another piptastic day today catching the move up from support for a perfect exit at 1968 resistance level before the drop. Price is now heading back to the retracement range and as long as this retracement level holds, we should see another push to the upside to test the resistance structure. We are likely to see bounces between support structure to resistance structure until one breaks. A break below the retracement range and we will look for a deeper move down into the swing range. We are buying dips from support levels using our smaller timeframe chart ideas and taking early exits using our Goldturns before any swings like today. 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
18
GoldViewFX - MARKET UPDATEHey Everyone, Another great day on the charts today with our final bullish target hit at 1963. 1963 is a weighted Goldturn level and therefore will need a EMA5 cross and close above this level to open remaining targets above. Failure to cross and lock and we are likely to see another support re-test below. We will continue with our plans to buy dips and track the movement level to level. Our long term projection still remains Bullish. BULLISH TARGETS 1952 - DONE 1963 - DONE EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN 1979 BEARISH TARGETS 1937 - DONE EMA5 CROSS AND LOCK BELOW 1941 WILL OPEN THE SWING RANGE SWING RANGE 1918 - 1895 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
22
BluetonaFX - USDJPY PROGRESS REPORTHi Traders! We are now at a crucial point with USDJPY. Is there enough momentum for another push to break the 142 level or are we going back below the 138 level? We have highlighted our calculated Vector 142.255 level on the chart. After breaking and closing above our previous double top Vector level of 137.915, we had a push towards 142.255 but had major resistance there as we had not been this high for over six months. We now have a pullback to the bullish momentum at 140.922. 137.915 is the key level here. If we stay above this level, we are likely to see another push to test 142.255. However, if we break and close below 137.915, then the long term trend will most likely change to bearish. We will keep a close eye on this and hope to make progress in the next few days. Please do not forget to like, comment and follow as this helps us greatly. Thank you for your support. BluetonaFX
by BluetonaFX
2
BluetonaFX - AUDUSD RANGE SETUPHi Traders!, We are back inside the range zone on AUDUSD. After multiple breaks of the range zone, we have not continued with the direction of the break, which tells us that both buyers and sellers are currently undecided long term as to where to go from this area. We have highlighted the range zone on the chart. Resistance to the zone is at 0.68183 and support is at 0.65664. From analysing the price action on the chart, we recently had a pin bar morning star candle after a range zone break at the 0.64583 level. The pin bar morning star is a strong reversal candle pattern, therefore a push to the upside of the range may be on the cards here. As long as we are above 0.65664 there are opportunities for long positions and with a look to exit near the top at 0.68183. To the downside, to look for a continuation, we must break and close below the pin bar morning star candle at 0.64583. We will keep an eye on this in the next few days and will give you a progress update. Please do not forget to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
2
EURUSD TRADING LEVELSHi Traders! Please see our calculated Vector levels to watch out for this week on the EURUSD 1D chart: VECTOR RESISTANCE 1 - 1.08047 VECTOR RESISTANCE 2 - 1.09298 VECTOR SUPPORT 1 - 1.06352 VECTOR SUPPORT 2 - 1.05161 We currently have a support bounce after hitting the 78.6 Fibonacci (marked 'C' on the chart) retracement level (which also lines up with our Vector 1 support) from the 'A' to 'B' swing (also drawn on the chart). Resistance was found near our Vector resistance 1 at 1.08047, so now we wait to see if we retest the 78.6% Fibonacci level/Vector support 1 for a possible push further down to Vector support 2 at 1.05161, or if we retest Vector resistance 1 again to see if there is potential for a push towards the Vector resistance 2 at 1.09298. We will notify you of any progress as soon as possible when we see any key market updates. Please do not forget to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
2
BluetonaFX - SILVER CHART UPDATEHey Traders, Please see update on our silver chart idea from last week. We now have our first Bullish pivot target complete at 23.854. We will continue to track this movement confirmed with break and close above or below the pivot levels. Please like, comment and follow to support us, we really appreciate it. BluetonaFX LAST UPDATE Hey Traders, This chart ideas was shared last week. We shared targets and highlighted that if we saw support break below 23.854 pivot point, we will see the level below open to 22.904. This was hit perfectly once the level was broken. We are now seeing the SILVER PIVOT CHANNEL (OUR UNIQUE WAY TO DRAW CHANNELS) bottom being respected. UPDATED LONG RANGE TARGETS TARGET 1 - 23.854 TARGET 2 - 24.681 TARGET 3 - 25.097 TARGET 4 - 25.518 As long as price maintains above this level we should see a test to our targets above. We will trade this movement in stages from support to resistance and maintain a Bullish stance overall. Please like, comment and follow to support us, we really appreciate it. BluetonaFX
TVC:SILVER
by BluetonaFX
2
XAUUSD Weekly Outlook !!!!XAUUSD is currently trading at 1948.100 towards the end of last week we saw gold reach a strong resistance point where we had a harsh rejection, aided also by the strong red file news on Friday afternoon - Average Hourly Earnings m/m - Change in the price businesses pay for labor, excluding the farming industry Forecast - 0.3% Actual - 0.3% Non-Farm Employment Change - Change in the number of employed people during the previous month, excluding the farming industry Forecast - 193k Actual - 339k Unemployment Rate - Percentage of the total work force that is unemployed and actively seeking employment during the previous month Forecast - 3.5% Actual - 3.7% This week could go two ways, we will either see price continue to put pressure on the bears and drive price below our support level 1932.160 from there our next area of sensitivity would be in the range : 1920.458 - 1903.815 eventually achieving our bear market goal of between 1828.708 - 1809.931. On the other hand, we could see price reject from the 1932.160 support if this outcome does occur i believe that price will trading within the range we have traded in all week ( 1985.749 - 1932.160 ) I will update this theory of outcomes throughout the week and relay on this markup to see where we are at, markets open in 2 and a half hours wish everyone a great trading week.
OANDA:XAUUSDShort
by ForexMastered
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1h chart Goldturn levels and targets. We had a nice run from the support structure into the resistance structure with a breakout outside the channel last week, which then followed with a tank down back into support structure on Friday after NFP. There is room left for further move down to complete the full retracement range also inline with the channel top re-test. We expect price to find support here for a bounce. The retracement and swing range are all areas of potential bounces to capture some movement. We are looking for a clean EMA5 break of the weighted Goldturn levels to confirm a breakout and not a fakeout in either direction. We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets. Our long term projection still remains Bullish. BULLISH TARGETS 1952 1963 EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN 1979 BEARISH TARGETS 1937 EMA5 CROSS AND LOCK BELOW 1941 WILL OPEN THE SWING RANGE SWING RANGE 1918 - 1895 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
18
GoldViewFX - MARKET UPDATEHey Everyone, Our 1H chart idea shared last Sunday is now complete with all targets HIT. The last target at 1978 needed a cross and lock above 1961 to open 1978. This confirmation gave us enough time to get in for the 1978 target for a perfect finish. We are now seeing a rejection on this level with a massive drop down into support due to NFP. Any open buy positions can be managed with buying dips, as per our long term plans once market settles back into organic movement. Our long term projection still remains Bullish. BULLISH TARGETS 1952 - DONE 1961 - DONE EMA5 CROSS AND LOCK ABOVE 1961 WILL OPEN 1978 - DONE BEARISH TARGETS 1941 - DONE EMA5 CROSS AND LOCK BELOW 1941 WILL OPEN THE SWING RANGE SWING RANGE 1918 - 1895 We will now come back Sunday with our multi timeframe analysis and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend all!!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
GBPUSD TRIANGLE BREAK 31/05/2023 IDEA UPDATEHi Traders! Our GBPUSD triangle break idea on 31/05/2023 broke out but not in the direction we anticipated (PLEASE SEE LINK TO ORIGINAL IDEA BELOW). After a support test to the downside of the triangle, we had a very strong bullish momentum swing to the upside with a break and close to the upside of the triangle resistance. Our upside Vector resistance level of 1.23467 did come into play and we have had a slow down to the bullish momentum around that level which we have highlighted on the chart. This idea is why we always consider both sides in our analysis and proof that you should NEVER get attached to a view. If you do have a view on a trade, ALWAYS consider the other side and adapt. PLEASE NOTE: LATER TODAY, THE NON-FARM PAYROLL (NFP) WILL BE ANNOUNCED THEREFORE THE MARKETS WILL BE VERY THIN, SO PLEASE TRADE CAREFULLY! Please remember to follow, like and comment. We appreciate your support. Trade safely and responsibly. BluetonaFX
by BluetonaFX
2
GoldViewFX - MARKET UPDATEHey Everyone, Another PIPTASTIC day for us with our 4H chart idea playing out level to level for those who are following this idea since Sunday with regular updates. Yesterday we completed all our bullish targets on this chart and highlighted the weighted Goldturn at 1962 needed a cross and lock to open 1982. We got the activation in the morning confirming the target and now look at the perfect exit at 1982. Clean 200 pips! We will now need to see 1982 break and close to open the range above or a rejection will follow back into the retracement range towards the axis trendline. The retracement and swing range are still areas of potential bounces to capture some movement. We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets. Our long term projection still remains Bullish. BULLISH TARGETS 1962 - DONE EMA5 CROSS AND LOCK ABOVE 1962 WILL OPEN 1982 1982- DONE BEARISH TARGETS 1942 - DONE 1934 - DONE EMA5 CROSS AND LOCK BELOW 1934 WILL OPEN THE SWING RANGE SWING RANGE 1918 - 1899 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
22
AUDUSD BEAR FLAG 30/05/2023 IDEA UPDATEHi Traders! Our AUDUSD bear flag idea on the 30/05/2023 (LINK TO ORIGINAL IDEA BELOW) broke and closed to the downside of the flag around 0.64904 to fulfil our idea. We got to the 0.64583 level (near our 0.64500 forecast) when we noticed a big volume spike on our volume indicator. This let us know that a lot of traders were exiting positions due to the May 2023 Nonfarm Payrolls (NFP) announcement tomorrow. The market is now thin and volatile, so 0.64583 was a great exit price if you entered and held from the flag breakout at 0.64904. We will continue to analyse the markets and inform you if any opportunities arise, but please be careful as the markets are very thin and there is a current lack of volume due to the NFP announcement tomorrow. Please do not forget to comment, like and follow. We appreciate your support. Trade safely and responsibly. BluetonaFX
by BluetonaFX
2
GoldViewFX - MARKET UPDATEHey Everyone, Our 4H chart idea is now also complete like our 1H chart idea, hitting all our active targets from the retracement range into the bullish targets inline with our plans to buy dips. We are now seeing price test the 1962 level. We will need to see a cross and lock above this weighted level to open the range above otherwise a rejection to follow. Our 1H chart already has a lock above 1961 opening the upper range. The retracement and swing range are all areas of potential bounces to capture some movement. We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets. Our long term projection still remains Bullish. BULLISH TARGETS 1962 - DONE EMA5 CROSS AND LOCK ABOVE 1962 WILL OPEN 1982 BEARISH TARGETS 1942 - DONE 1934 - DONE EMA5 CROSS AND LOCK BELOW 1934 WILL OPEN THE SWING RANGE SWING RANGE 1918 - 1899 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
14
BluetonaFX - GBPUSD TRIANGLE BREAK IDEAHi Traders! We have a simple triangle setup here on the GBPUSD 4H chart. There is a *Vector* level (our unique way of highlighting key and important levels in our FX charts) at 1.22746. The last time we were below 1.22746 was over two months ago around the end of March 2023, so there is bound to be some support if we approach that level again for the first time since April. We are now waiting for a possible break and close to the downside to target 1.22746. If we fail the break to the downside, we have a Vector level to the upside of the break and close of the triangle at 1.25467. Please remember to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
2
USDCAD growth with the help of uptrend line🚀USDCAD was able to break the 🔴resistance zone🔴 and is currently completing a pullback to the broken 🔴resistance zone🔴. I expect USDCAD to continue its upward trend with the help of the uptrend line; the upward trend of USDCAD can continue at least up to the resistance line and 🔴heavy resistance zone🔴. 🔅U.S.Dollar/Canadian Dollar (USDCAD), 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 gladly 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
10