Get started

Tradingidea

GoldView Report and Roadmap $$HOURLY CHART We had a strong push from the bulls last week and we hit our 1808 target level. Price was rejected at this level and retraced to the next Goldturn support at 1797 and candle close. However the week closed with a bullish candle close above 1797 and EMA5 yet to test so we may find support here to continue further movement to the upside. We also had an ema5 cross and candle body close above 1808 level as highlighted on the chart opening 1819 target. If price does not find support at this level and we get confirmation for a break down, then we have identified the levels price will test before resuming the open targets above. We have continued to enjoy the setups suitable for this market structure and no change of plans till we see the 1766 level broken and secured comfortably. DAILY CHART We have a 1775 Goldturn support on the daily chart that price and Goldturn being supported by currently. A rejection here will give the bullish momentum needed for the breakout above. WEEKLY CHART Weekly chart formed a pennant pattern forming a bullish outlook. We draw this using Goldturns to identify targets within. A target of 1827 identified. Planning a projected move around the range identified and how the lot sizes used effects the exposure of the account, while doing this; allows us to move the identified range and targets without fear. As always any change to the market structure and our setups we will identify and execute necessary stops and resume with an updated plan. Hope you all find our trading ideas and plans useful and it provides some insight into how we trade. Please don't forget to give us a LIKE, COMMENT and FOLLOW to support us. It helps us to continue to share our analysis with you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
GBPUSD LONG - Einstein Says So Hi traders Please check out our simple analysis of Gbp/Usd. Again this was on our watch list from a 4hr our perspective last week so I thought id share the daily perspective to give you the bigger picture. I do anticipate we could see the top of the channel but my exit will be at the 0.618 of the impulsive move. Do you agree with this set up? If you do let me know in the comments below. Hope you have a profitable week and remember keep it simple stupid! The Fx Chartist
Long
by TheFxChartist_
1
AUDUSD: Approaching August 21 lows and bottom of channelAUDUSD is falling towards the 0.7100-15 area where the bottom of the channel that contains the move from October highs and the lows of last August coincide. The extreme RSI levels are sowing that a reaction is possible from these levels but a new low will be made as there is a lack of divergence... We will BUY at these levels setting the stops below 0.7070, targeting 0.7135-45 area. We will use any pullback towards resistance for sell positions.
Long
by Chartist-Trading
EURUSD: Heading towards critical resistance areaEURUSD is heading for 1.1290-1300 area where multiple technical resistance indications are gathered as seen in the chart. We believe that the breakout from this area without prior retracement is difficult so we will test this assumption with Sell orders at 1.1295, setting the stops above 1.1330. Our initial target will be 1.1260. If a retracement occur before 1.1280 towards 1.1250-55 we will try Buy orders targeting the 1.1290-00 area, setting the stops below today's lows
Short
by Chartist-Trading
EURUSD: Waiting for the 1.1340 breakout to enter longEURUSD has already tested the bottom of the daily channel that you can see in the chart below showing the initial signs of reversal and now the top of the hourly channel at the 1.1335-40 area is going to be tested. We have already bought small positions in order to test our upside scenario and we are going to add more with an hourly break of the 1.1340. We will set the stops below the candle that will lead to the breakout targeting initially 1.1380-85.
Long
by Chartist-Trading
Update on the movement of EURUSDHello traders, our trade is going on as planned, however with the current outlook on the EURUSD, it seems a double top is forming on the H4 TF (more visible on the H1 and H2 TF). This could mean buyers should be cautious or lock in some pips on the long trade. The 1.16400 is an important price to be monitored. If bulls are unable to push below this price, then we can hold on to our long position. However if bears should break below this price to the neckline found between 1.1626 and 1.1617 zone, then it is a confirmation that a reversal has commenced on H4 and price will shoot further down. for now, we still hold our long position, but lock in some profit and be on alert. Remember we are also expecting high impact news on Thursday and Friday. I believe the outcome of this news will greatly impact the next direction of the Fiber. your contributions are welcome. You can also follow me on trading view, twitter, medium and Youtube to get more update on EURUSD and other pairs.
Long
by babasholajoshua
quick day trading long position on EURUSDHello, traders! Based on our EURUSD lookout, I emphasize that a double top formation formed on the weekly TF in which the neckline was broken. Right now, the price is heading to the neckline (around 1.17) for a retest (where we took our short-term long trade). Looking at the D1 and H4 TF, it seems the price is retesting the median line and the broken short-term resistance before it continues to the upside. It should also be noted that bears manage to find resistance at 1.16686. However, with the strong bullish momentum, this zone can be broken. With this situation, another short-term long position can be open with a good RR. An entry (buy limit) at 1.16331, with SL placed around 1.16085 and TP around 1.17100. The RR is 1:3.68. We are taking risk with tight SL, making the risk less risky. If you like my analysis, you can follow me and feel free to add your thought or opinion. You can also ask any question. Disclaimer : Trading forex involves high risk, and is not suitable for all investors. Before deciding to trade forex, you should consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss of investment or capital during trading.
Long
by babasholajoshua
USDJPY is testing its upward channel for once moreUSDJPY is testing for once more the top of its rising upward channel. Besides of the channel the pair is testing multi highs at the 114.35-65 area where we believe that sellers would emerge aggressively. We have opened SELL positions at 114.35 preparing to add more on any new upside towards the 114.55-65 area. We will set our stops above 115.20 for 113.20 target. We will come back with updates... Below you can see the weekly chart of the pair. RSI is testing also its previous highs that have led to corrections...
Short
by Chartist-Trading
2
AUDUSD: Testing critical resistance at 0.7350-60 areaAUDUSD is testing critical resistance at the 0.7350-60 area. Besides the hourly readings that we see in the chart, the pair is also testing the basic down trendline that we can see in the Daily attached chart (yellow trendline in the hourly. The move will find us sellers at current levels adding more at 0.7360. We'll set our stops above 0.7385 targeting 0.7315 and 0.7290 initially... We will update if needed... Daily chart follows
Short
by Chartist-Trading
1