GOLD BIAS: BUY CONTINUATIONZoom the chart to see clearly . Gold is going up strong within the channel now. This analysis is based on the daily timeframe: in the daily timeframe, an inside bar candlestick pattern has formed, signaling the bullish continuation of the market. Your stop should be below the small horizontal line and target the high of the market, the 1811.01 level.
Forexanalysis
XAUUSD Has A Big Potential to Short on Monday! TF:15MWhy short?
First, the uptrend on the higher timeframe (4h-1d) has showing a weakness by breaking a previous higher low.
Second, the price now has reached the strong supply zone from a CHoCH (Change of Character) structure.
Third, There is an imbalance of a candlestick at price 1785.07-1786.10 on 4H timeframe that must to be filled.
Fourth, RSI on the high point.
Fifth, Got a bearish RSI divergence from a previous higher low.
These five reasons is enough for me to execute.
Thank me later and always #DYOR (Do Your Own Research) :)
Bitcoin / USD set to go up from 16850 to 18500 .bitcoin / USD is making consolidation pattern which was seen earlier as well before it moving in upward direction as shown in chart. it is also trading in Descending channel pattern . as per analysis we might see bitcoin to move till 18500 before this it can move towards support level and bounce back towards 18500. if it breaks that resistance level it can further move towards the 19000 and 19500 levels .
trade with risk management.
views /opinions are welcome to discuss in comment below.
Potential bullish continuation EURCADBought EURCAD
Entry 1.4435
Tp 1.4515 (80 pips)
TP2 1.4620 (185 pips)
SL 1.4365 (70 pips)
NOTE: This is a pure technical analysis trade.
Daily chart showing a strong bullish momentum trade well above the EMA. EMA crossover at 1.3141 price. Going to the 1H chart, it show a clear break of previous resistance.
GoldViewFX - MARKET UPDATEHey Everyone,
Closing off the week on a nice high today. As mentioned yesterday price was testing 1777 support structure and we were looking for the structure to hold for a push up. This played out perfectly. We jumped in adding long positions from the bottom confirmed with our signal target and layered all the way to the H4 MA21 touch right into our entry zone from yesterday not only covering yesterday's position but also bonus pips from the bottom.
As you can all see the support and resistance structures, we identified using Goldturns are being respected well. Until we see either one of these break with an ema5 cross and lock, we can continue to play within this range.
As you can all see our 1H and 4H ideas posted Sunday have now all been completed. We will now come back Sunday with our Multi timeframe analysis and trading plans for the coming week.
Hope you all Enjoy your weekend and let's pray and hope for a smashing finish to the year!!
BULLISH TARGETS
1801 - DONE
1815 - DONE
EMA5 CROSS AND LOCK ABOVE 1815 WILL OPEN 1822, 1833, 1843
BEARISH TARGETS
1788 - DONE
1777 - DONE
EMA5 CROSS AND LOCK BELOW 1765 WILL OPEN 1756, 1747, 1738
SWING RANGE
1738
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GoldViewFX
XAUUSD TOP AUTHOR
💵U.S.Dollar/Canadian Dollar 💵Analyze (12/16/2022)!!!The U.S.Dollar/Canadian Dollar made a Descending Broadening Wedge and broke the upper line of it.
I expect U.S.Dollar/Canadian will go up at least until the resistance zone.
🔅U.S.Dollar/ Canadian Dollar Analyze ( USDCAD ) Timeframe 2H⏰.
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.
💵U.S.Dollar/Swiss Franc💵Analyze (12/16/2022)!!!U.S.Dollar/Swiss Franc was able to complete the falling wedge pattern on the support zone.
I expect the U.S.Dollar/Swiss Franc will go up until the downtrend line & important trend line.
🔅U.S.Dollar/Swiss Franc Analyze (USDCHF) Timeframe 4H⏰.
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.
💵British Pound/U.S.Dollar 💵Analyze (12/15/2022)!!!British Pound/U.S.Dollar was able to make a double top pattern on the resistance zone.
Also, the British Pound/U.S.Dollar broke the important uptrend line.
I expect British Pound/U.S.Dollar will go down to PRZ(Price Reversal Zone).
🔅British Pound/U.S.Dollar ( GBPUSD ) Timeframe 30min⏰.
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.
#USDCAD will it continue going lower??As far as market structure concerns we have 1H timeframe bearish impulsive move which broke the low and as a result formed a Lower low. since then price is in bullish corrective move which by the way shows price non-intention of going higher (otherwise it would be as an impulsive move)
Now price is at 4H timeframe Clean Break area which provides important resistance and also we had one very strong reaction off of this area which showed us how powerful is this area. now we are going to test that area once more and hopefully we can see the liquidation from above the previous wick so then we can open our short position.
Just remember price closing above the arrow means that the idea has failed and we need to wait for more confirmation.