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NZDCHF Setting Up For Another Sell-OffOn the daily timeframe NZDCHF has been decreasing. We can see a clear lower low and lower high. I'm interested in this setup because. I just lost a 4 hour trade which means price is retracing. If price continues to retrace and can stay below 0.58632, I'll be looking for a sell. What can invalidate this trade? 1. If price does not come back to my estimation zone I will not be triggered into the trade which means price is still moving down. 2. If I am triggered into the trade and price passes 0.58632, I'll be stopped out of the HTF trade. This means price can potentially go higher and I must readjust. Am I ok with the invalidations? Yes. they are what keep protect me from overtrading and tell me how I should adapt. How am I managing the trade? This setup is a 2.24 risk to reward setup. This means whatever my position size is I will gain double and more on the trade. I don't risk more than 1% on an trade. So if I were to risk 1% my reward will be 2.24%. I risked 0.50% my reward will be 1.12% Whatever I risk is my loss and I am ok with what that is. My goal is to lose what I risk or lose no money at all by setting break even points if price moves in profit. I do believe it's important to set all parameters before entering trades. My belief: I deserve to sleep peaceful at night while my trades run. Well, this is my analysis after losing my first trade. I'm excited to keep this journey going. Safe trading. Be blessed. Shaquan
Short
by ShaquanLopez
1
GoldViewFX - DAILY CHART UPDATEHey Everyone, Please see the daily chart we have been tracking with an update from last weeks analysis. LAST WEEKS UPDATE The daily chart saw a rejection from the resistance zone driven by news into just above 1857 Goldturn support. However 1857 is not a strong weighted Goldturn and therefore if momentum continues we may see further move down to 1817, which is a stronger support level for a reaction in price. 1817 area is also inline with MA63, which may also provide some dynamic support and we are also likely to see the remaining MAs magnetise up to form a consolidation area of support. - This played out, as analysed with the 1817 challenge and the reaction bounce from support allowing us to capitalise on the move. Beautiful! Price is still at a crucial level and we need to assess more price action in this range to establish a blueprint. We will trade this remaining month with caution, as a break down below 1817 will likely open the low 1700s. We need to make sure any longs are protected and no long holds on any trades. Banking in stages with our strategy to buy dips at 30 to 50 pips at a time, instead of chasing the bull by the horn, allowed us to take a perfect exit riding the entire bull run without getting stuck at the top. This is the GVFX style of trading and we must continue to track and trade like this. This remaining month is about being patient and waiting for establishing a fresh Blueprint and then we can start HUNTING again. PLEASE BE PATIENT!!!! 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
4
GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone, Please review our monthly chart update from last week. This is still valid and very much in play and gives us an overall picture of what we are likely to see and why. LAST WEEKS UPDATE This is the monthly chart we have been tracking for a few months now, which allowed us to predict and ride the entire Bull run close to its final target zone. Although there's room left above to test the ATH we were well overdue some correctional retracement. We also have a EMA5 detachment below at 1832. However, 1865 is also a Goldturn support level that may also provide some support. Historically we have seen the test zone above tested at least 3x before we see price fall below 1865. Therefore, there is a good probability potential for another run up to test the zone above going by historical price action. - This played out perfectly for the EMA5 detachment we highlighted last week. This detachment on the monthly chart is now complete. Moving through each timeframe allows us to see what price is trying to do on the shorter timeframes and gives a clearer picture overall. This months closing candle will be an important one, to assess weather price will go back for the test zone challenge or break down into the lower support. 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 - Market UPDATEHey Everyone, This is the 4H chart we posted on Sunday for this week. As you can see this has played out as analysed by us. Each Goldturn break confirmed and hit level to level allowing us to navigate the movement down and bank pips all week with perfect entries and exits The 1H chart below, as suggested yesterday, should 1833 lock, we will see the lower levels. This played out and therefore we switched to the 4H chart, which highlighted the 4H swing range level, which was respected providing the perfect swing for the move up now to complete the week and swing of over 200 pips. This week has been the perfect example of showing you all how riding with or against the short term trend does not stop you from catching pips, if you are able to pick your entries and exits well. Both our 1H chart and 4H chart have given over 100 pips in buys, while moving down. We will now come back on 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
20
GoldViewFX - Market UPDATEHey Everyone, Piptastic day for us once again. The swing range is providing some nice long entries with over 100 pip captures multiple times. Yesterday we advised that we were looking for EMA5 to create a turn above the swing range for the swing to take place. - This played out perfectly with the perfect new Goldturn created on the nose of the swing range above 1833. - PERFECTION!! We will remain with our plans to buy dips until we see EMA5 cross and lock below 1833, otherwise we should see this support hold. However, if we see EMA5 cross and lock below 1833 then we will see the next support structure open up. We will update the new levels should this happen and share with you all. We will trade and navigate this range using our EMA5 lock strategy and weighted Goldturns and keep you all updated. BULLISH TARGETS 1867 - DONE 1872 1876 EMA5 CROSS AND LOCK ABOVE 1884 will open 1896 and 1903 BEARISH TARGETS 1863 - DONE 1857 - DONE EMA5 CROSS AND LOCK BELOW 1857 WILL OPEN 1853 - DONE. 1849, 1841 and 1833 SWING RANGE 1833 - 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
14
GoldViewFX - THE ART OF RANGE MANAGEMENT Hey Everyone, Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions. Now a question that typically arises here is why would it still be advisable to buy when the market is pushing down? Firstly, let me assure you that the same algorithms, experience and strategies that we use to achieve a 97% hit rate with our bullish directional bias also gives us the heads up, or down if you will, on when the market is going down. Don't think for a moment that we only know how to analyse a bull market or up trends. We share targets/signals for both buys and sells but choose not to hedge out of choice. Our published results remain consistently profitable month in month out!! In my experience, in the current market conditions, it is much safer to get out of a stuck buy position than a stuck sell position. That's not to mention the clean PSYCHOLOGICAL PROFILE that is achieved when trading in just one direction. And although hedging can in theory work, it requires years of experience and in the end, is simply not worth the effort. I am more than capable of hedging effectively but the fact that I do not should tell you something. Let us look at an example to further answer the question highlighted above. When you have short-term bearish momentum down, we take buys from key supports or MAs which act as dips. Remember that the market does not go up or down in a straight line (with the rare exception of short-lived parabolic moves). So, when the market is going down and hits one of our key levels, a buy from that point will go back up for 20 to 30 or 30 to 40 pips (this number of pips has been calibrated based on back testing) before resuming back down. You can think of it like this. The market moves in a zigzag manner. The zig is that part of the leg which is going down to create lower lows (if the downward trend is continuing). The zag is that part of the leg which takes a breather and pushes back up with momentum for our entry and quick pip-take range to create a lower high (if the downward trend is continuing) before heading back down again. We catch the right and safest waves (buys) in and out and surf to success. When price hits a key structural support or stops creating lower lows and lower highs, we then reassess for entries with a wider range of pip capture. Hope this post helps our followers to understand how we keep our psychology strong!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
18
GoldViewFX - Market UPDATEHey Everyone, This chart is playing out as analysed, giving us enough head start to take action. As shown on the chart, EMA5 broke 1857 and locked on Monday opening the swing range, which we were waiting on before making fresh commitments. The swing range is now complete today. We got a signal activation on the swing range for a quick 30 pip buy, which we banked. Patience was key!! Like snipers we waited for the swing range. Any running trades can also be protected should we ride up from here if the swing activates fully. We are looking for EMA5 to create a turn above the swing range for the swing to take place. We will keep a close eye on this challenge. If EMA5 breaks and locks below the swing range then we are likely to see the levels below open up. We will trade and navigate this range using our EMA5 lock strategy and weighted Goldturns and keep you all updated. BULLISH TARGETS 1867 - DONE 1872 1876 EMA5 CROSS AND LOCK ABOVE 1884 will open 1896 and 1903 BEARISH TARGETS 1863 - DONE 1857 - DONE EMA5 CROSS AND LOCK BELOW 1857 WILL OPEN 1853 - DONE. 1849, 1841 and 1833 SWING RANGE 1833 - 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
15
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1h chart Goldturn support and resistance levels and targets. The 1H chart looks bearish in structure with price ranging between 1857 - 1884. We have an immediate candle body close above 1863 leaving an open gap to 1867. If momentum picks up then we will see 1872 and 1876 also hit. However, we have a retracement zone identified at 1853-1857 and if momentum picks up while doing the retracement, we may see gaps open to the full swing range. The overall long term trend structure is still Bullish, so we just need to be smart in managing this current bearish structure without any big commitments. If we manage the range and the support and resistance levels, we can still trade this level to level, taking buys from dips and still ride against the bearish structure and collect pips. This is called range management! BULLISH TARGETS 1867 1872 1876 EMA5 CROSS AND LOCK ABOVE 1884 will open 1896 and 1903 BEARISH TARGETS 1863 1857 EMA5 CROSS AND LOCK BELOW 1857 WILL OPEN 1853. 1849, 1841 and 1833 SWING RANGE 1833 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
8
GoldViewFX - DAILY CHART UPDATEHey Everyone, Please see the Daily chart idea we have been tracking since last week. LAST WEEKS UPDATE The daily chart saw a rejection from the resistance zone driven by news into just above 1857 Goldturn support. However 1857 is not a strong weighted Goldturn and therefore if momentum continues we may see further move down to 1817, which is a stronger support level for a reaction in price. 1817 area is also inline with MA63, which may also provide some dynamic support and we are also likely to see the remaining MAs magnetise up to form a consolidation area of support. - This is playing out with our 1879 Bullish target getting HIT. Although 1857 seems to be providing some support with the potential for another push up, we do need to keep in mind that should 1857 fail to hold, 1817 is part of our daily chart setup for potential support reaction. Our plans to buy dips is still in play and now that we have seen a nice drop in price, we just need to be patient and let the momentum exhaust and then we can safely start taking positions from support levels with 30 to 50 pips exits, which will allow us to ride against any short term trend profitably should we fall against it. 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
4
GoldViewFX - MONTHLY CHART UPDATEHey Everyone, Please review our monthly chart update from last week. This is still valid and very much in play and gives us an overall picture of what we are likely to see and why. This is the monthly chart we have been tracking for a few months now, which allowed us to predict and ride the entire Bull run close to its final target zone. Although there's room left above to test the ATH we were well overdue some correctional retracement. We also have a EMA5 detachment below at 1832. However, 1865 is also a Goldturn support level that may also provide some support. Historically we have seen the test zone above tested at least 3x before we see price fall below 1865. Therefore, there is a good probability potential for another run up to test the zone above going by historical price action. 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
4
GoldViewFX - Market UPDATEHey Everyone, Great finish to the week for us with price heading for the bearish targets, as we expected with 1853 hit, which is also a weighted level. A break below this weighted level will open the lower levels. However, as its a weighted level we expected some support here and took our buy signal all the way to 1867 for a perfect signal TP with protected trail. BOOOOM! As stated already, we expect swings and also movement towards bearish targets. However, we will continue to use these drops to buy dips with 30 to 50 pip TPs. The long term trend and structure still remains Bullish. Therefore, we will continue to identify the Bearish targets with our Bull targets but only to use for managing swings and identifying potential buy entries from these drops. Our unique strategies and setups allow us to trade with or against the trend and still bank profits. The key is in identifying the entries and exits, which we do day in day out. We will now come back Sunday with our updated multi timeframe analysis and trading plans for the coming week. BULLISH TARGETS 1871 - DONE 1877 - DONE 1883 - DONE EMA5 CROSS AND LOCK ABOVE 1883 WILL OPEN 1889, 1895, 1901 AND 1907 1889 - DONE BEARISH TARGETS 1864 - DONE 1853 - DONE 1841 EMA5 CROSS AND LOCK BELOW 1853 WILL OPEN 1841, 1833 AND 1826 1833 1826 SWING RANGE 1792 Have a great weekend all and 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, As expected and stated yesterday price is still ranging between both structures. We were able to capitalise on this by carefully taking a buy signal from the bottom of the structure into the resistance structure for a perfect exit in accordance with our plans to buy dips. Not much to change or adapt on this chart, as price is still within the range and therefore setup and levels are re-useable, until we see EMA5 cross and lock either structure to confirm breakout direction. Although we have Bearish targets on the chart, we do not target them directly but instead use them to manage potential swings, as we remain with our long term plans to buys dips using strategic support levels for entries and exits. BULLISH TARGETS 1871 - DONE 1877 - DONE 1883 - DONE BEARISH TARGETS 1864 - DONE 1853 1841 1833 1826 SWING RANGE 1792 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
19
GoldViewFX - Market UPDATEHey Everyone, Another great day of collecting pips from the support structure to the resistance structure buying dips. Our trading plan is playing out as expected. Price is ranging between both structures. We will need to see EMA5 cross and lock either stricture to confirm breakout direction. As we stand we have completed all the bullish targets before a structure is broken for the next set of levels. Although we have Bearish targets on the chart, we do not target them directly but instead use them to manage potential swings, as we remain with our long term plans to buys dips using strategic levels for entries and exits. Price has now fallen back into the support structure for another test. We expect price to play tennis between these structures until one breaks. BULLISH TARGETS 1871 - DONE 1877 - DONE 1883 - DONE BEARISH TARGETS 1864 - DONE 1853 1841 1833 1826 SWING RANGE 1792 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
12
GoldViewFX - Market UPDATEHey Everyone, Great start to the week with our updated 1H chart idea already playing out. Price went for the retracement zone we identified on our chart during Tokyo session, hitting 2 Bullish targets. Price then failed to break above 1883 and bounced off the retracement zone for a retest on yesterdays Goldturn low and now playing between both the identified strictures. We can see a potential gear up for another push up. However, we will require ema5 lock confirmation to trade it level to level. We will need to see EMA5 cross and lock above 1883 to confirm movement towards upper levels. We also expect some side by side ranging movement between structures, which we will track and trade level to level. BULLISH TARGETS 1871 - DONE 1877 - DONE 1883 BEARISH TARGETS 1864 - DONE 1853 1841 1833 1826 SWING RANGE 1792 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
20
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1h chart Goldturn support and resistance levels and updated targets. We had a 1000 pip tank last last week from a nice bull run into the resistance structure. Price has now found some support at 1864 Goldturn support structure. 1853 is our weighted Goldturn so a break below this will open the lower levels. However failure to break this level and we should see price head up into the retracement range. When we see a tank in price like this, usually we expect some consolidation before shifting range again. We can expect some tight ranging movement, which we can trade between structures but will need to establish support and resistance with a few retests to confirm range. Its too early to make commitments now, as the price tank and momentum was off the back of NFP news and will need this to settle back into organic movement to resume normal action. We avoided getting stuck in the tank down and therefore we are in a lovely position again to buy dips, as we have had a nice drop and now even if price moves further down, it puts us in a comfortable situation to Catch retracements up from further dips. BULLISH TARGETS 1871 1877 1883 BEARISH TARGETS 1864 1853 1841 1833 1826 SWING RANGE 1792 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
10
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4H chart weighted Goldturns and targets. Although we saw a well overdue retracement and tank in price on Gold last week, as you can see by zooming out, we are still in a strong uptrend long term. Price is now testing support structure with still room to move down to 1836. If we see a EMA5 break below 1836 we are likely to see the full swing range. We are likely to see some more swings and then establish a safe tested range to trade between. We will use our EMA5 cross and lock above and below our weighted Goldturn support and resistance levels to track and trade the movement up and down level to level. We will now wait patiently for price to settle and then continue with our long terms plans to buy dips. BULLISH TARGETS 1871 1894 1917 BEARISH TARGETS 1836 1802 SWING RANGE 1802 - 1772 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
4