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Sellsetup

Get ready to short GBPUSDHello everyone !. This signal meets all shorting requirements except the "M" pattern that will definitely form once price hits the flipping zone which is also a confluence and price will therefore be touching the trendline for the third consecutive time. The DXY has been bearish which has been taking the price of GBPUSD to previous highs and once the news for Jolts job openings Is out, DXY will bounce back to it's monthly high and send GBPUSD and subsequent XXXUSD pairs back down. Once fundamentals come out and supports our analysis,please go all in using proper risk management but we have an incredibly bearish bias on GBPUSD. Price should head back down to it's 1.34400 region before any more major move !.
Short
by LaBOSS_FX
2
GoldViewFX REPORT - Updated Levels & Target$$Hey All, Earlier today we posted the H4 range and trading zones to support entries and exits and our overall analysis, please see related post on range management below. We updated our hourly chart levels with stronger Goldturn support and resistance levels to help trade these levels. Goldturn Resistance levels: 1808 1830 1850 1872 Goldturn Support levels: 1788 1766 1747 1726 The range between each level is roughly 20pips to 30pips. This will be enough for us to observe EMA5 cross and close with candle body close to confirm target to next level and allow us to move the range with the price action. We can see 1788 broken with EMA5 and candle body close leaving an open target to 1766. This is likely to get HIT and a crucial support area that we are likely to see some support on. Hopefully enough support to resume with more upward movement. The pattern in which the price is moving and price staying supported above the this range is keeping us within our Bullish structure. Should we see 1766 break with EMA5 candle body close then we will start seeing the lower levels, 1747 and 1726. On market open, as much as we can see 1766, we will take caution because the break on 1788 with EMA5 confirming 1766 was off the back of momentum from last weeks news events. Normally I like to see price settle down from news driven momentum and to start seeing some organic movements. It is the organic movement and EMA5 break and candle body close that is more stronger to target. We can already see end of play Friday price retraced and broke back above 1788 and EMA5 is also following for a cross above 1788 and sitting just on the line creating a Goldturn. We need to observe this in the first hour of the market open to see if EMA5 has crossed and locked with candle body close. Should this break and lock above 1788 it will open gap to 1808, which will be the more organic break and target. The ideal sequence we can potentially see play out will be 1766, 1808 and then 1830 with some resistance at 1820 before 1830. If the order of sequence doesn't quite play out we are still likely to see these targets get hit in some order. Please stay close for regular updates throughout the week. Should we make any changes to our trading plan, we will be sure to update you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - RANGE MANAGEMENT SETUPHey All, We will post our usual analysis for the week on our weekly GoldView report shortly before market opens. This is a quick post using historical ranges using range HIGH and range LOWs to create support and resistance trading zones and the range of the potential swing in the trading zone. Its really important, as a trader to identify the potential reversal in order to manage the reversal on your equity and exposure without making rational cuts too early or hold a reversal, when the swing range is too big for your exposure. Every trade entered; 8 out of 10 times it reverses, we need to work this into our trading psychology in order to make room for this in our risk management and make sure the potential swing falls within our risk appetite. We have highlighted the zones to BUY and SELL with the central zone for take profit, which is inline with the ranges consolidation area allowing any swings and momentum based movement to come back to this range for consolidation, providing a safe zone to take exits before you find yourself trading against the range and outside of the SWING RANGE. If you find yourself trading against the range, it should only be within the swing range, which provides more confidence in coming back into direction then stretching out your equity, with no plan or a range management map. We hope you find the range management map useful for the current range and it helps you to see a clearer picture of what the price is doing. Remember nobody can tell you what the market will do or predict the movement 100%. The best anyone can do is use historical data to have a better idea and speculation of what the price may potentially do, based on what it did before and how it reacted to similar market dynamics before. Please don't forget to like, comment and follow to support us, we really appreciate the likes and it helps us to bring more content to you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
GoldViewFX - 4H chart UPDATE and PROJECTIONThis is our 4chart update. We can see price broke out of the Goldturn channel to the downside and now challenging the bottom of the range box 2. Price has crossed this level down but now we are waiting to see EMA5 cross this level with a candle body close. This will then open gaps to 1770 and 1766. We expect to see some support at 1766, 1770 levels and then hopefully a formation of a new EMA5 channel targeting 1789, 1804, 1814, 1826 on the next run. I hope all our updates and analysis has served everyone well this week. Please don't forget to like, comment and follow to support us, we appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
GoldViewFX - Updated LEVELS and TARGET$$We have updated all the strong Goldturn levels using historical turns. We will look to see how EMA5 breaks each level with candle body close to allow us to trade each level in stages and analyse its movement at the same time. We hope to see the price find support and retrace back to its Bullish structure. We can see from zooming out, each time an ascending channel is broken to the downside, in this market structure, we see retracement back up to test the channel again. We can potentially see some retracement down to as low as 1766 to then resume back to target 1808, 1828. The market has dropped 2 ranges, we have had an awesome month of targets being hit. This is not the time to jump back in. We will let the momentum settle and price settle into a range before we start to commit to new positions. Please don't forget to like, comment and follow to support. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
GoldViewFX - Update on LEVELS and TARGET$$We posted this last week and this was a live example of back to Benchmark. We got our 1852 target although we were hoping to also see 1856, which is left open and then FOMC triggered the move down also inline with a strong resistance, we already identified for shorts last week. see below; This chart played out testing the 1850 zone and then dropping to the floor of the channel. Crucial area for the Bulls to potentially find support. Although we missed the 1856 Target (see below) which was our final target and inline with some of our channel ceilings, we still remain confident to pick up buys from better entries here. The chart below, which we have been following all week played out perfect again hitting all targets, however final target slipped and the drop down has now stalled, at the zones we identified as a strong support to still maintain bullish structure for us to buy dips. Charts and levels all point towards support here and we hope to see some movement up from here. However we will let the FOMC momentum settle before making any strong plans. We are taking signals both ways but will be keeping the LOTS small and just observing till the end of the week. The Goldturn levels are strong levels, if you follow them, then just watch how they break with EMA5 and candle body close, to confirm next level. Please don't forget to like the post, comment and follow, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
GoldViewFX - 4H Chart UPDATE & RANGE VIEWHey everyone, A quick update for end of play today. As you can see the chart speaks for itself, we have hit our first target at 1852. Those of you, who have been following all our posts, would have seen how we have been calling each target step by step. Price has reached the Goldturn channel half line at 1852 and now we need to see EMA5 cross this level to confirm movement to the upper level of the channel to the next target at 1856, 1859 AXIS (strong level) and 1872. We will review this by each level and keep you all posted. Current RANGE VIEW (See related post below on how to read Range View) Its beautiful to see the Range Boxing in action here, showing a range view of the current price range and the entry into the new Range box, which is also inline with our overall analysis on 4H chart. FOMC tomorrow, so we plan to stay out and if we decide to play, we will only be using small LOTS to test waters. Please don't forget to like, comment and follow. We really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
15