Get started

Xausd

EURCHF ON THE MOVE!!! Hi Traders Please see the chart above Eur/Chf. We are extremely excited about this opportunity which we will break down with you below. What are we forecasting now and why? • Our first step is always to break down a pair with multi time frame analysis so let’s do that to begin with. On the Daily time frame Eur/Chf has been in a bearish descending trend with no real correction at all. We are now expecting that correction which has been initially signalled by price rejecting and breaking out of this trend. • We can see price has also created a nice double bottom which we are now validating with the confluence of the above break of trend. • Price has now created a simply impulse and correction move respecting a key Fibonacci level at 0.318 and showing a rejection as well as a rejection of previous resistance now turned support. • Moving down onto the 4hr chart we can see that our EMA’s have now turned bullish, and we are buying from oversold conditions. How will we enter the short? • This trade is active now. We have the market rejecting the Fibonacci key level and finding additional support from the 50 and 200 EMA’s. We may see price consolidate a little around this zone but ultimately, we want to see a big bullish move. Where will our first target be? • If you look back to around August / September 2021 we see this exact same scenario with a massive bearish run followed by a nice bullish correction. This correction back in August / September 2021 took us to the 0.5 Fibonacci level of the impulse and this is where we will be targeting first. We will then monitor the price action and potentially leave part of this trade open towards our target 2 but will react to price once we get there. Let me know in the comments below if full break downs like this are helpful and if you would like me to go into more detail for anything illustrated on the charts. If you agree with this idea, be sure to hit the thumbs up and if you haven’t done so already follow for more set ups like this and full breakdowns. Thanks in advance, The Fx Chartist
Long
by TheFxChartist_
4
GOLD looking up 🦐GOLD on the daily chart after the last impulse retraced at the 0.786 fibonacci level. The price after the consolidation is now attempting to break above the resistance. According to Plancton's strategy if the price will break above and satisfy the ACADEMY rules we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
22
XAU Entries + Exits! (REVERSE IS GUARENTEED IF PLAYED CORRECTLY)The ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how to play it: How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
FX:XAUUSD
by ExclusivelyFX
1
Gold remains undecisive Holds On a strong Trend-lineGold is currently undecisive price is at a key level both bullish and bearish scenario applies. Price could respect the prolonged blue trendline and form sort of like a 1-2 1-2 sequence and makes a move to the upside I also like the fact that we are currently trading on a 78,6 Fibonacci retracement. The bearish scenario suggests that we are forming a 1-2-3-4-5 and we are trading at the 3rd wave phase and we need to wait for wave 4 to occur before selling.
TVC:GOLD
by Weshareio