TheGoldRoom

TheGoldRoom

Pair: GBPUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel ————— Key Takeaway: been ranging in our downward trend channel for some time and there are alot of bearish fundamentals for GBP, we need to see a bounce off broken support turned resistance and the top of our trend channel ————— Level...

TheGoldRoom

Pair: GBPUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway: If we see a break above our rounded number and top of pennant patter on the next 4H close we will be looking for potential buy trades. We need to also see alot of volatility for the pair. ————— Level needed: need a...

TheGoldRoom

Pair: AUDCAD Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern ————— Key Takeaway: Alot of bullish momentum for AUD as it is altogether, we are at a critical level of reaction at the moment by the top of our descending triangle. We are looking for a close above this level on the 4H...

TheGoldRoom

Pair: USDCHF Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance ————— Key Takeaway: Seen some good strength for USD which will ultimately bring this pair down, we need to see a close below support if it gets broken and rounded number to be entering short although the possibility of a bounce is also in...

TheGoldRoom

Pair: EURAUD Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, n pattern, ————— Key Takeaway: Seen a break of support and a huge bearish drop in price, we need a close below this level before we enter ————— Level needed: need a close by 1.46900 ————— Trade: Short RISK:REWARD 1:5 ————— DO NOT ENTER OUR SETUPS...

TheGoldRoom

Pair: CADJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation ————— Key Takeaway: Looking for breaks of this consolidation period, we have breached this level of support numerous times and we need to see a close below. looking to take profits on trend line suppot ————— Level needed: need a close by...

TheGoldRoom

Pair: EURNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant, ascending triangle ————— Key Takeaway: Seeing a breach of this vitally strong level of resistance, we have also seen a retest of this level indicating price will move upward through it. ————— Level needed: need a close by...

TheGoldRoom

Pair: AUDNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, consolidation period ————— Key Takeaway: Been consolidating by this level of support for quite some time now and we are seeing alot of big wicks on top of recent candles indicating the rejection of bullish momentum. We need to see a...

TheGoldRoom

Pair: CADCHF Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway: If we close below this support level of pennant we will look for short entry, we have also already broken high volume level, if we start seeing bullish momentum against this level then we are seeing a bounce and...

TheGoldRoom

Pair: AUDNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel ————— Key Takeaway: We are approaching very significant level of support which has been broken previously, due to the strength of NZD it is likely to bring the pair down through it, we need to wait for a close below these levels before...

TheGoldRoom

Pair: CHFJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, triple top, ————— Key Takeaway: Seen a triple top form at this level of critical resistance, we are also seeing a wick form on the level of high volume telling us price is taking some bearish pressure ————— Level needed: need a close by...

TheGoldRoom

Pair: CADJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance ————— Key Takeaway: Already a break of trend line, we are looking to see a break of this dynamic resistance level, if we close above a continuation of uptrend is in order for sure ————— Level needed: need a close by 106.850 ————— Trade:...

TheGoldRoom

Pair: USDCAD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, cypher pattern, elliot wave theory ————— Key Takeaway: Major double top, can defo catch the retracement of this pair(bearish). Already seeing a mad bearish hammer candle indicating that price might infact switch and we might see...

TheGoldRoom

Pair: GBPJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway: Seen break of trend we just need a close below round number and support before we short ————— Level needed: need a close by 160.870 ————— Trade: Short RISK:REWARD 1:5 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION

TheGoldRoom

Pair: CADJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway:Seen a break of support and trend line, we have just seen a retest of broken trend line using it as resistance, we just need some bearish momentum now before we can short safely ————— Level needed: need a close by...

TheGoldRoom

Pair: EURAUD Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle, consolidation break ————— Key Takeaway: Price cannot seem to break this level of support / high volume level and rounded number, we have news at 10AM which will hopefully push the pair off this level with high...

TheGoldRoom

Pair: GBPNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway: Alot of bearish action for GBP in general meaning we are looking for short trades. here we have seen signs of breaking pennant. We now need to see closes below dynamic support / high volume level and rounded number...

TheGoldRoom

Pair: AUDUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, head and shoulder, pennant pattern (Weekly) ————— Key Takeaway: Very strong on the USD right now meaning it will push this pair further bearish. We need a close below our dynamic support and rounded number level before we can see any entries...