TheGoldRoom

TheGoldRoom

Pair: AUDJPY Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation, pennant pattern, ascending triangle, rule of 3 ————— Key Takeaway: Price has stalled by our "rule of three" area meaning we are either going to see a break or a bounce from this level ————— Level needed: need a close by — ————— Trade:...

TheGoldRoom

Pair: CADCHF Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, consolidation ————— Key Takeaway: We have seen the level of resistance we are now at hold for a few weeks and price cannot seem to break it. If we close below round number and high volume level then we will be entering...

TheGoldRoom

Pair: EURJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, pennant pattern ————— Key Takeaway: Seen the EUR gain a bit of bullish strength this week, we have a high impact news event at 10AM so this will be the decider to whether we break the top of pennant or bounce ————— Level needed:...

TheGoldRoom

Pair: NZDCAD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle, pennant pattern, trend channel ————— Key Takeaway: Seen a major pullback to resistance today and we are now starting to see some bearish momentum with the latest candle. We need a push through the next level of support to be clear...

TheGoldRoom

Pair: EURNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, pennant pattern ————— Key Takeaway: price has been consolidating by the top of this pennant / resistance / high volume level all day which means we are defo in time to short before the bounce ————— Level needed: need a close by...

TheGoldRoom

Pair: AUDUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle ————— Key Takeaway: Saw a big pullback today for this pair up to resistance. We are seeing strength in USD which tells us the pair is going to drop. We want to see a break of bottom pennant and dynamic support...

TheGoldRoom

Pair: GBPNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle ————— Key Takeaway: Managed to trade the bounce successfully for this pair today. We are defo in for some more bearish momentum which is why we are looking at the support of our pennant / round number level for...

TheGoldRoom

Pair: CHFJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance ————— Key Takeaway: Seen price hit resistance for the 3rd time and seeing major bearish reaction. We are aiming to take this trade to support and broken trend which will now act as support ————— Level needed: need a close by 143.010 ————— Trade:...

TheGoldRoom

Pair: EURNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern, ascending triangle break ————— Key Takeaway: Looking for bearish setups only for this pair. We have hit three vital resistance levels (high volume level / dynamic resistance / top of pennant pattern). Our profit target is at the...

TheGoldRoom

Pair: AUDUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern, ascending triangle break, head and shoulder ————— Key Takeaway: We have seen a massive bearish swing after our head and shoulders has been complete, we have broken trend line and support. We are now seeing a restest of these key...

TheGoldRoom

Pair: GBPJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern ————— Key Takeaway: UK is going to a recession as it is so we should have a bearish bias for any pairs wit GBP as base currency. Here we have touched the top resistance of pennant and dynamic resistance so should see a bounce sooner or...

TheGoldRoom

Pair: AUDCAD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern, head and shoulder pattern ————— Key Takeaway: Approaching significant level of resistance in the second shoulder of our head and shoulder pattern. Seeing bullish momentum for CAD which is likely to bring this pair bearish ————— Level...

TheGoldRoom

pair: CADJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern ————— Key Takeaway: seen alot of consolidation for this pair and alot of fakeouts from resistance, we are hoping for a push through this level to see a bullish swing that we can take advantage of ————— Level needed: need a...

TheGoldRoom

Pair: GBPNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel ————— Key Takeaway: GBP has significant weakness as it is and have been down trending for some time. We have just bounced off the top of the trend channel, high volume level and rounded number level which tells us we are in for another...

TheGoldRoom

Pair: EURJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern ————— Key Takeaway: We are expecting price to drop through the bottom of our pennant pattern but also open to the possibility of a push upward, we most likely will have a bounce of resistance and then a drop ————— Level needed: need a...

TheGoldRoom

Pair: USDCHF Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern patterns ————— Key Takeaway: Can see a break either way, USD is very bullish right now so more likely to see a break upwards, always going to expect a move down aswell ————— Level needed: need a close by 0.96450 ————— Trade: Neutral RISK:REWARD...

TheGoldRoom

Pair: EURUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle ————— Key Takeaway: We have seen a touch of our trend line(resistance) and will most defo be in tune for more bearish momentum ————— Level needed: need a close by 0.99910 ————— Trade: Short RISK:REWARD 1:7 SL: 30 TP: 190 ————— DO...

TheGoldRoom

Pair: USDCHF Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, pennant ————— Key Takeaway: We have broken our upwards trend line and seen a bounce off our resistance levels. We now need to see a push through support and rounded number and we will then be entering short ————— Level...