GBP/CHF range setupGBP/CHF FX:GBPCHF
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The simple technical setup for a long trade in a range market. We start analyzing from the Daily TF and we can spot the reaction to the resistance level and we go down to the 4HR TF for entry trigger. The price has already moved a distance from the area of the value zone but a 1:3 Risk Reward is still possible. We can go even to lower TF for better entry the important part is that the SL is placed a distance below the previous day's low so we are protected from fakeouts.
*Indicators*
The ATR-average true range which shows the average fluctuation of the price
Currency strength meter -shows how much one currency is strong relative to another in our case the green line is the GBP and the orange one is the CHF.
Check out my other ideas.
Forextradingzones
CADCHF FORCAST UPDATE : SELL- on the weekly chart : after last week's green candle that closed with a rejection off the level . this week started with a bearish movement that could continue to the end of the week
- on the daily chart : very strong selling signal given to us by friday's candle with a confirmation candle is forming today
- personal opinion : the price will dive down . but just incase wait for today's candle to end
- best move : SELL, but not before today's candle end
XAUUSD - KOG REPORT!KOG Report:
In last week’s KOG report we again suggested we weren’t convinced by the bullish sentiment in Gold and we would be targeting lower levels on Gold. We stated that as long as the price stays below that 1960-65 level our target will be the 1890-95 price point. We updated this during the week with our plans together with the levels and targets for the short destination which you can see has now completed. We completed 17 targets across numerous pairs in Camelot giving us a pip capture which again was through the roof. That’s along side all the free trade ideas we had posted on TradingView.
So, what can we expect in the week ahead?
We will be looking for some bullish momentum in Gold in the week ahead with the immediate level we want to target being the 1917-20 region and above that 1925-30. What we do want to see however is a swoop on some voids below which could give us a double bottom on the 4H timeframe. The concerning thing for us is we still have lower targets that are active on Gold, so we will trade the new week and first few days of the month with caution. There is a chance they can swing low into the void, take liquidity from there and then push the price up before facing resistance and then dropping it again! For that reason we will have the weeks bias a bullish but overall bias will remain bearish for now! We want to see how the 1925-30 price point takes in the price if it gets there. We have shown the levels we are looking at and together with the support and resistance levels. We will break this down during the course of the week and take it step by step making sure we remain in the right direction on Gold, as we have been. Again, that 1960 price level is very possible and again, if we get that far up, we will be looking for the price to remain below this level to maintain our bearish view.
Theirs is every possibility this can begin to settle in between this range of 1875 and 1930 so look out for the range, plot the levels and use the range trading strategy we have shared on TradingView previously. We will link it to this post for you!
So as always, we will trade this with two scenarios in mind. Please read this carefully as the we can do so much to create the roadmap on the chart without cluttering it with too many lines and arrows.
Scenario 1:
We open and price find support around where we have closed or just below here. We feel this would be a good opportunity to test the long trade into the first level of 1915-17 and breaking that the next level of 1930. 1930-35 is where we want to again assess the price action and the structure of the chart before deciding whether to hold our trades or to then release all the longs and test the short trade back down to test the patterns neckline. Please note, that breaking above the 1935 price region could entail the price going further into the higher resistance level of 1960-65 where again we will look for the short. From 1935-1960 we will switch to our level to level trading strategy holding partial longs from the lows, if we get the entry!
Scenario 2:
Price pushes up from the open. We will not go long, rather wait for a retest of support to go long or if it doesn’t hit the 1915-17 level, or wait for the 1915-17 level to either resist the price or turn into support. Once this is confirmed we will be happy to go long to target the higher levels for support levels until we reach 1930-35 and above that 1960. At 1960 we feel the opportunity again will arise to short the market down into the lower support regions starting at 1910. We will of course update during the week.
In summary:
We have a lower level of 1858 as a target and higher level of 1960 and above that 1995 again. We either want to lows to be complete to give us the entries for the longs into the higher levels, or, we want the high to be complete so we can short it again down into our lower targets. New week, new month, we have a rule in Camelot where we take it easy during the first few and last few days of the month. Let the market settle and find its feet, the trades will come, it just requires patience, and patience pays!!
Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. Please do support us by hitting the like button, leaving a comment and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
AUDCHF FORCAST - on the weekly chart : the price went under the resistance after breafly breaking it
- on the daily chart : clear selling signal from the last day of the week
- personal opinion : the price will keep on fluctuating until it settles on a down trend
- best move : if you an open selling position hold it , if not wait until we see a confirmation
CADJPY FORCAST UPDATE : SELL / DOUBLE- on the weekly chart: strong attack from the sellers
- on the daily chart : double top pattren is formd with a confirming red movment going on att the moment
- personal opinion : the price gonna take a dive down
- best move : wait until the candle ends and closes red , then go in as sellers
CADCHF FORCAST : UPDATE (HOLD) - on the daily chart : a very big green candle appears in the start of the day still going strong
- on the 15 min chart : the price is above the VWAP and the 2 HMA lignes currently testin the 208 HMA
- personal opinion : the price will know a slight drop but not a sever one
- best move : hold for now : when the candle closes above the level you can double if you want
GOLD New Entries + Exits (Best Reverse Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
Gold for 25.04.2022 Monday : 1965,1940,1905.. levels to watch !If you are thinking to trade Gold on US session today, here is our expected bullish and bearish liquidity activation zones for 21.04.2022.
Expected Bullish Activity: From 1965 to 1985 (1975)
Expected Bearish Activity: From 1905 to 1880 (1885)
Lets see what happens with the market. Stay connected with us online. !
Thank you
CHFJPY FORCAST / SELL- on the weekly chart : a clear selling indicatore represented in last week's candle after a very long uptrend
- on the daily chart : 3 red canles with good volume shows a good momentume downwards
- personal opinion : the price chances of going down are 90%
- best move : SELL NOW
Gold for 21.04.2022 Thursday : 1960 & 1940 are levels to watch !If you are thinking to trade Gold on US session today, here is our expected bullish and bearish liquidity activation zones for 21.04.2022.
Expected Bullish Activity: From 1960 to 1985 (1975)
Expected Bearish Activity: From 1940 to 1915 (1920)
Lets see what happens with the market. Stay connected with us online. !
Thank you
Fibonacci Premium vs Discount ✅ 📝 Fibonacci is a sequence that came up with a Smart mathematician name Leonard Fibonacci came with a sequence that proved that everything in the universe repeats itself in a specific mathematical. From the petals on a flower, to the spiral patterns on snail's shell, all fulfilled with a specific numerical sequence. The same Fibonacci sequence applies in everything and anywhere including Trading. When a retracement begins as buyers will come take their profits and leave, new buyers will come in at specifici levels using the Fibonacci retracement.
📉 I use the Fibonacci retracements for entries and for take profit zones i will show that in an example on how go about doing it. Please everything that i am going to show here be ensure that you practice until you have fully mastered price action
📉I use the fib placing from the lowest body of the candle to the highest body of the candle if we are in a bullish momentum(aiming to go long)
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📝 Remember its a Fibonacci retracement. What you should remember is what i said at the beginning of the Fib that when buys take their profits and leave, new buyers get it a retracement that's where you also get it. It also vice versa when in a bearish momentum.