TheGoldRoom

TheGoldRoom

Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance,trend channel, consolidation period ————— Key Takeaway: Price has been ranging in consolidation for some time in this downward trend channel and it about time we see some bearish movement. We are waiting for a bounce off high volume level, top of trend...

TheGoldRoom

Pair: USDJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, double top ————— Key Takeaway: Price has been consolidating around this level of resistance for some time and seems to be breaking it bearish. we have seen a double top form indicating reversal and have also been using high volume level as strong resistance...

TheGoldRoom

Pair: GBPCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, fake-out ————— Key Takeaway: Alot of bearish strength for the pair and price as created a fakeout at these vital resistance levels indicating price is going to downtrend, we have entered this trade as these 3 vital areas seem hard to break ————— Level...

TheGoldRoom

Pair: CADJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle ————— Key Takeaway: Alot of bearish strength for the pair and we are currently consolidating in a ascending triangle pattern after big push down, we cannot break resistance along with high volume level so we are waiting for a break of...

TheGoldRoom

Pair: EURJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break, retest of broken support ————— Key Takeaway: Seen a very drastic break of trend channel last week that we were fortunate to catch a trade on :) we have now broken vital support and we are currently in the re-test phase. If price...

TheGoldRoom

Pair: USDJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, fakeout? ————— Key Takeaway: Seen a break of trend line last week but you have to remember this was only due to JPY's attempt in aiding the currency, the bearish spike did not last long and is already back on the rise. Looking for...

TheGoldRoom

Pair: USDCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle ————— Key Takeaway: Alot of bullish momentum for this pair meaning we will be looking for long trades only. Huge bullish candles have formed which leads us to believe that this major level of resistance above will be broken. We might see...

TheGoldRoom

Pair: USDCAD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, fibonacci retracement ————— Key Takeaway: Alot of bullish momentum for this pair meaning we will be looking for long trades only. We saw bears come through a bit before market close last week and we recon the momentum will continue to the vital levels...

TheGoldRoom

Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break, retest of vital areas ————— Key Takeaway: Alot of bullish momentum for USD which has caused this pair to show alot of downward momentum. We have already seen a break and caught some pips from this on Friday, will be looking for retest...

TheGoldRoom

Pair: AUDCAD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern break ————— Key Takeaway: Price is seeing a lot of bullish pressure and we have just seen a break of a major resistance trend line, we are waiting for a close above dynamic resistance as price could be producing a fake out which we have to...

TheGoldRoom

Pair: EURJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern ————— Key Takeaway: Price trended and then went into ranging, we have seen loads of weakness in the EUR which leads me to believe we will go into another trending period (bearish) ————— Level needed: need a close by...

TheGoldRoom

Pair: AUDJPY Timeframe: 1D Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, double bottom ————— Key Takeaway: Price has already broken price to the upside of the ascending triangle and come back down for a re-test. We have also seen that a double bottom has formed indicating strength of the resistance turned...

TheGoldRoom

Pair: USDCAD Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, head and shoulder pattern ————— Key Takeaway: USD is dropping significantly today and we are going to squeeze gains out of this retracement. Bounced very nicely off resistance on the right hand shoulder and seeing great bearish pressure now...

TheGoldRoom

Pair: XAUUSD POTENTIAL BREAKOUT Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle ————— Key Takeaway: Price has been downtrending for some time and would not be surprised we we see price break this level of support on ascending triangle, going to wait for US open and see what the movement...

TheGoldRoom

Pair: NZDUSD Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break ————— Key Takeaway: Price has stuck to this hugely ranged trend channel for quite sometime and it is possible we could in fact see breaks. We need to see closes and re-tests below this level of support before we can enter, always...

TheGoldRoom

Pair: CADJPY Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, bounce off key levels ————— Key Takeaway: Seen a big retracement for the pair of the past couple of weeks down to a critical level that has now been touched, we are looking for a big swing of bullish momentum before signs for entry...

TheGoldRoom

Pair: USDCHF Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, breakout ————— Key Takeaway: There is a lot of strength for USD itself so the main bias is bullish, we will be looking for breaks of resistance. We have already broken high volume level we just need a close above resistance ————— Level needed: need a...

TheGoldRoom

Pair: AUDUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending wedge pattern, head and shoulder pattern ————— Key Takeaway: Seen alot of bearish pressure for the pair but the market closed near a pullback level last week. We need to see price maybe retrace a bit more before coming back down. ————— Level...