THE KOG REPORT THE KOG REPORT
In last week’s KOG Report we said we would be looking for price to attempt the high, fail and make the move downside. This worked well in the early part of the week giving traders a fantastic capture for the short trade into the red box target levels which were all complete. During the week we update trades with the plan to long, and although there was a break from the red box, our lower red box bounced price giving the long trade completing the move.
It was only towards the end of the week where we started ranging that we only managed to capture short scalps on the upside move before the suggesting we call it a day, thankfully before the small decline from the level.
So, what can we expect in the week ahead?
We have a key level here of 3310-6 which has been a previous pivot in this range and is holding price down at the moment. This now make a crucial support region forming at the 3280-5 level with extension of the move into 3275. If this level holds and the red box reacts, we can see price push up from here and attempt to target the 3400 level again, which is towards the top of the range.
It’s this lower red box that needs to be watched for the break, as a break here will target the 3250-55 region initially and then go for the potential swing low around the 3210-2- region which in this scenario maybe the ideal long trade.
As always, we’ll update traders through the week with our analysis and red box target levels but for now, let’s see if we gap on open. Please remember, the market gaps with intention, the intention is usually to get traders in chasing the gap as soon as they see immediate exhaustion, this hardly ever works on gold and BTC especially. We’ve back tested the stretch, so please play caution on chasing gaps.
More choppy and ranging price action expected!
KOG’s bias of the week:
Bullish above 3285 with targets above 3306, 3310, 3321 and 3335
Bearish below 3285 with targets below 3267, 3255 and 3240
RED BOXES:
Break above 3290 for 3297, 3306, 3310, 3320 and 3330 in extension of the move
Break below 3280 for 3277, 3270, 3267 and 3255 in extension of the move
Many of our followers and traders have seen the power of the red boxes, Imagine this on your own TV screen, 4H for swing trading, 1H for day trading and 15min for scalping. Any pair on any chart 23hrs a day. Add to that the Knights indicator giving you swing points, key levels and retracement levels and our custom volume indicator telling you when to long, when to short and when to stand back from your trades.
LEARN AND GENERATE YOUR OWN SIGNALS. You don't need any of us to guide you.
KEY LEVEL 3237!
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
Tradingviewindicators
AAPL: No longer the apple of the eyes of the investors EPS: $1.88 vs. $1.94 estimated, down 10.9% year over year
Revenue: $117.15 billion vs. $121.10 billion estimated, down 5.49% year over year
iPhone revenue: $65.78 billion vs. $68.29 billion estimated, down 8.17% year over year
Mac revenue: $7.74 billion vs. $9.63 billion estimated, down 28.66% year over year
iPad revenue: $9.4 billion vs. $7.76 billion estimated, up 29.66% year over year
Other Products revenue: $13.48 billion vs. $15.23 billion estimated, down 8.3% year over year
Services revenue: $20.77 billion vs. $20.67 billion estimated, up 6.4% year over year
Gross margin: 42.96% vs. 42.95% estimated
BTCUSD ❕ FORMING BULLISH CUP PATTERNThe unexpected crisis from the collapse of FTX further created FUD on DAX speculation of collapse of cryptos causing panic among investors selling or withdrawing their crypto. But, being chartist and trend follower, BTC looks more in forming a bullish cup pattern. However, nothing is certain until it happens. My prediction is BTC has found bottom and consolidating before making next rally to test resistance level 30,000.
As Warren Buffett put it: “The stock market is a device which transfers money from the impatient to the patient.”
Disclaimer:
Non-financial advice, only for educational purposes.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSD ❕ 2HR UPTREND SIGNALBTCUSD on 2hr chart formed a bullish harami based on VP ALGO indicator level, expecting a bullish reversal to test resistance at 18000 level, if successful it will be bullish to head towards the psychological resistance level 22000.
Disclaimer:
Non-financial advice, only for educational purposes.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Anyone else is in AUDUSD sells 🙌📉👍After a successful long trade closed our script a few hours later said it was time for a sell.
That trade is now in full swing.
Entry details are shown on the chart.
We're only looking for TP3.
I covered the previous sell trade in an idea earlier this week.
This trade has now closed for a profit as the 'buy' opportunity has presented.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
AUDUSD RBA Support Level📉 AUDUSD Technical Analysis by CeoCodes
👋🏼 Hello Traders, Welcome to Technical Analysis for AUDUSD live chart to track latest price changes & predict price movements.
–
Follow Ceo Codes 🎖
CURRENT LEVELS:
🟡 Support➔➔ 0.7596
🟣 Resistance➔➔ 0.764
🎯 Target➔ ➔ 0.763
☠️ Stop Loss➔➔ 0.7584
(Levels From Chart)
CURRENT EVENTS:
RBA’s statement contained both hawkish and dovish elements giving us an expectation of a volatile session and sideways price action bouncing off support & resistance.
👉🏼 Here is the @CeoCodes technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the @CeoCodes strategy will trigger.
Thank you! 🙏🏼
Have A Great Trading Day!
Ceo Codes
BTCUSD Bitcoin Choppy at 35K📉 BTCUSD Technical Analysis by CeoCodes
👋🏼 Hello Traders, Welcome to Technical Analysis for Gold live chart to track latest price changes & predict price movements.
–
Follow Ceo Codes 🎖
CURRENT LEVELS:
🟡 Support➔➔ 35943
🟣 Resistance➔➔ 41502
🎯 Target➔ ➔ 41502 - 42892
☠️ Stop Loss➔➔ 34553
(Levels From Chart)
CURRENT EVENTS:
The past few days has seen retail traders take profit from the recent sharp rally causig choppy price action. Analysts at JP Morgan believe that the currency’s price will jump to $146,000 in the long term.
👉🏼 Here is the @CeoCodes technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the @CeoCodes strategy will trigger.
Thank you! 🙏🏼
Have A Great Trading Day!
Ceo Codes
ETHUSD Ethereum $1400 Test📉 ETHUSD Technical Analysis by CeoCodes
👋🏼 Hello Traders, Welcome to Technical Analysis for Gold live chart to track latest price changes & predict price movements.
–
Follow Ceo Codes 🎖
CURRENT LEVELS:
🟡 Support➔➔ 1090.36
🟣 Resistance➔➔ 1298.60
🎯 Target➔ ➔ 1298.60 - 1350.66
☠️ Stop Loss➔➔ 1038.30
(Levels From Chart)
CURRENT EVENTS:
Ether may once again be set to test the US$1,400 threshold. ETHs recent slip to around the US$915 mark was in large part due to investors cashing out their profits after the asset hit a relative high of US$1,348 on January 10.
👉🏼 Here is the @CeoCodes technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the @CeoCodes strategy will trigger.
Thank you! 🙏🏼
Have A Great Trading Day!
Ceo Codes
USDCAD Price Outlook Economic news is expected to be the main mover of USDCAD in the coming week.There are five Canadian events in the upcoming week, including tier-1 employment releases.
IMPORTANT ECONOMIC EVENTS:
Manufacturing PMI
Raw Materials Price Index
Trade Balance
Ivey PMI
Employment Report
LOOKING FOWARD:
The US dollar is expected to remain under pressure, with possible reversals, with the US runoff election in Georgia on Tuesday. The results will determine which party will control the US Senate.
TODAY RESISTANCE:
Very simple targets of previous lows.
Target 1 - 1.2714
Target 2 - 1.26948
AUDUSD eyeing recent resistance 0.7640 AUDUSD prices have opened the day long and ar pusshing towards the multi-month high 0.7640.
CURRENT EVENTS:
Sydney raises emergency levels amid the second wave of the virus. In the USA, Colorado’s finds the first case of the covid variant found by the UK.
LOOKING FOWARD:
US stimulus and the virus news will be the key ahead of the US session when the second-tier activity and housing data will challenge the sentiment. If the DXY continues to print lower, AUD/USD is up for challenging the June 2018 top near 0.7675.
TODAY RESISTANCE:
Very simple targets calculated by the indicator from the current intraday price range.
Target 1 - 0.7637
Target 2 - 0.76508
EURUSD 💶 EURO Rejection above 1.22?EUR/USD recently has failed to keep gains above 1.22.
CURRENT PRICE ACTION:
Bulls are rushing psychological hurdle of 1.22 for the third consecutive day.
If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.
TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 1.22147
Target 2 1.22535
LEVELS TO WATCH
Price consoliation or volatility above 1.22147 can trigger a bull trap.
GBPJPY 🤓 Old Skool Charting ABCD👀 LEARNING ABCD
ABCD pattern is as old as end of day data received your fax machine at the market close.
To spot this chart pattern, all you need is to be a little observant & use of the Fibonacci chart tool.
✍🏼 CHARTING THE LINES
AB and CD are known as the legs while
BC is the correction.
If you use the Fibonacci retracement tool on leg AB, the retracement BC should reach until the 0.618 level. Next, the line CD should be the 1.272 Fibonacci extension of BC.
🤓 FOR THE NERDS
The length of line AB should be equal to the length of line CD.
The time it takes for the price to go from A to B should be equal to the time it takes for the price to move from C to D.
... to be continued in the comments
BTCUSD BITCOIN ExposedCURRENT EVENTS:
The bitcoin and cryptocurrency community, fiercely protective of its privacy, has been rocked by a massive data breach that's seen the personal information of over 270,000 bitcoin and cryptocurrency users published online.
LOOKING FOWARD:
Price area on the chart has continued to form major price structures is 24500-24300 as investors get shakey on Christmas Day.
TODAY SUPP)RT:
Very simple targets of previous low.
Target 1 - 2400
XAUUSD GOLD retrace off 1900CURRENT EVENTS:
Gold prices spiked to $1900 in Asia session yesterday, jumping to 6-week highs after lawmakers in Washington agreed to $900 billion package of pandemic aid.
LOOKING FOWARD:
Covid Crisis has European nations close all travel and traffic with the UK – the world's 5th largest economy – where a new strain of Covid-19 forced the Government to impose new lockdown restrictions and ban any Christmas gatherings across most of the country.
TODAY SUPPORT:
Very simple targets of previous lows.
Target 1 - 1868.89
Target 2 - 1851.22
GBPUSD Sterling COVID fearsChristmas is cancelled and New Years celebrations are on hold as the new strain of COVID fears spread along with the virus accross the world.
Risk is back on and Brexit talks continue to drag into Christmas week.
Targets
1. 1.3413
2. 1.3362
3. 1.3294
Trade halting 1.3280 and the monthly bottom. Waiting for consolitation at this level if not before.
AUDUSD Risk OnWeekend events with a new strain of COVID in the UK has increase risk fears.
Cases of UK's highly contagious mutant COVID strain have been detected in returned travellers in Australia increaing fears that we are not winning the battle with COVID worldwide just yet.
AUDUSD room for a bullish run past 0.760 but not quite yet.
Eying short targets of 0.756 0.754 first.
Monero XMRUSD Suprise Price ActionThe news reads "Monero Shoots Up 10%"
Price action on the chart is forming a retrace to the major Psychological level of 150.
For Monero to resume it Bull Ride, we need to see consolidation forming aroun this 150 level before a stronger move up.
PRICE ACTION
Retrace Target intra Day to around 152.50
Consolidation Zone for longer term trading 149-152, will re-assess when we get there.
BITCOIN BTCUSD Buy the news, Sell the factNEWS
Bitcoin has hit a record value of $19,920.53 this month, prompting a surge of interest from British investors.
JPMorgan Predicts $600 Billion Bitcoin Demand
The Bank said that even 1% of asset allocation by large financial companies would result in $0.6 trillion BTC demand. The bank expects financial services companies from the US, EU, Japan and the UK to allocate at least 1% of assets in Bitcoin, with an expected Bitcoin demand of $0.6 trillion.
FACT
Bitcoin's Price Action around 1950 triggers intraday retraces.
When COVID fears & Gold price increase, BTCUSD price shows aggressive corrections.
TARGETS
Intra Day level 19118
Level To Reasses Overall Trend 18985