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GoldViewFX - BULL & BEAR FLAG PATTERNSREPOST ON CHART PATTERNS. Hey Everyone, As promised, this year we will also share basic educational posts for our newbies to learn and level up. BULL & BEAR FLAG PATTERNS BULL FLAG This pattern occurs in an uptrend to confirm further movement up. The continuation of the movement up can be measured by the size of the pole. BEAR FLAG This pattern occurs in a downtrend to confirm further movement down. The continuation of the movement down can be measured by the size of the pole. Please don't forget to like, comment and follow to support us, GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
15
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Happy new year to you all. Please see our updated Goldturn support and resistance levels and targets for our 1H chart setup. Price was testing the resistance structure at 1824 on market close. We may see some more continuation of the Bullish movement when the week starts but will look for EMA5 to cross and lock above 1824 to confirm the upper levels to be able to track and trade the levels. Failure to break 1824 and we will see price head into the retracement range for a bounce. A cross and lock below the retracement range and we will see the swing range open. We will keep this in mind and track and trade the movement level to level keeping in mind when levels and structures are open with EMA5 to strategically place our entries, as our plans to continue to buy dips is still fully in play. EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1830 AND 1837 BULLISH TARGETS 1830 - DONE 1837 - DONE BEARISH TARGETS 1819 1815 1808 1802 EMA5 CROSS AND LOCK BELOW 1802 WILL OPEN 1798, 1795, 1791 SWING RANGE 1786 - 1791 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
USDMXN Trading Plan - 3/Jan/2023Hello Traders, Hope you all are doing good!! I expect USDMXN to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Long
by For3xScalper
3
💵Australian Dollar/U.S.Dollar💵 Analyze (01/02/2023)!!!Australian Dollar/U.S.Dollar is making a rising wedge pattern near the resistance zone. When I saw the hanging man candlestick pattern near the upper line of the rising wedge (also some other tips), I opened a short position with RR=2.00 & 5.68. I expect the Australian Dollar/U.S.Dollar will go down at least to the lower line of the rising wedge pattern (RR=2.00). 🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
GoldViewFX - HEAD AND SHOULDERS PATTERNREPOST ON CHART PATTERNS. Hey Everyone, In 2023 we plan to also make more time to post basic educational posts for our newbies learn and level up. HEAD AND SHOULDERS PATTERN The head and shoulders pattern is a formation of 3 peaks with the head being the highest peak (Lowest on inverse). The entry should be below the neckline (Above on inverse). The measure of take profit can be taken by measuring the peak of the head from neckline and using this range, as an indicator of the take profit level. Please do give us a like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
6
BASIC MONEY MANAGEMENT - LOT SIZE VS REVERSAL AND ACCOUNT SIZEHey Everyone, We see too many new traders trade with random lot sizes with no understanding on the impact it has on account sizes, which result in not only losses but BLOWN accounts. This post is by no means a risk or money management strategy but more so just basics on the movement of reversals and how the lot sizes impact the value of your account during this reversal. Trading with the right lot sizes allows a trader to manage their account/money when the trade goes against them. The right size allows a trader to move a range without blowing their account and without seeing their account reverse to the point of no equity. This type of trading gives traders anxiety and in return this anxiety impacts trading psychology . This then has a ripple effect and impacts your trading decisions and analysis. The example we show on the chart is an entry of SELL that reverses by 380 PIPs. This movement happened in literally 2 candles (1hour candles) , so in two hours the price from entry reversed by 380 pips. This example then shows what this equates to in monetary value dependent on lot sizes. The example shows that anyone with a £500 account trading this movement with a lot size of 0.20 would have blown their account. Lot size usage should be based on the size of your account for example; £500 size account - we will only use 0.01 size lot sizes with maximum deployed total no more than 0.02. This will allow an account to survive volatile movements. £1000 size account - we will use 0.02 lot sizes with maximum deployed total no more then 0.05 any given time. £2000 size account - we will use 0.03 lot sizes with maximum deployed total no more then 0.10 any given time. £5000 size account - we will use 0.5 sizes with maximum deployed total no more then 0.20 any given time. Basically staying below 0.05 for every £1000, as the total deployed usage allows us enough flexibility of movement on the chart for Gold and then using stop losses on top of this, gives us further control of our money management. Many traders who cannot control their greed and do not bother understanding risk/money management will bung on a 0.50 lot size on a 2K GBP account, as an example, and then when it reverses, even if it's within the swing range, you know what will happen next. ACCOUNT BLOWN! MIND BLOWN! You will have mastered the art of risk/money management when your entry reverses and you a) expected that reversal within the range before it resumes to hit the TP and b) you look at that red figure during reversal without it worrying you in the least. We hope this quick basic insight helps some of our newbies better understand how to manage their risk with range. Please like, comment and follow to support our work, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
27
GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone, We have been tracking this monthly chart since OCTOBER 16TH. As you can see this is playing out as analysed by us for our long-term plans for Gold . MA50 provided the dynamic support for the push up with more than half the targets already done and, as you can see from our projected bars, this is playing out, as analysed and planned. There is a EMA5 detachment on this chart, which has moved up from 1750 to 1760. We need to keep in mind for a potential retracement zone when planning buys from dips on our smaller time frames. 1865 is our mid to long-term projection on the monthly chart and our projected BARS that we drew on this chart 3 months ago is following the route like we projected. Using our smaller timeframes allows us to measure the momentum for the levels and range using our Goldturns. This measurement allows us to pick the sweet entries and exits to manage any range swings. As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
BULLISH ON EURCAD. SWING TRADEEntry: 1.4455 TP 1.4665 SL 1.4380 Vice-President of the European Central Bank Luis de Guindos stated that he believes the actions taken by the ECB so far has not been sufficient. ECB policymaker, Peter Kazimir pointed our that restrictive rates and strong action are necessary and should be in place for a longer period. At least in the first half of 2023. Also said that any recession resulting from this plan will be short and manageable. The current sentiment is mixed. As increasing rates for the euro may contribute to the recent uptrend, but it is uncertain whether markets are completely pricing in the hawkish tone
Long
by ErnieTrades_
GoldViewFX - Market UPDATEHey Everyone, And we close off the year on a high, we've had quite the booming year in 2022 here at GVFX. To have an industry-leading hit rate for winning trade ideas and ROI for the accounts that we personally trade, whilst sharing that success with novice traders and followers. What a fantastic finish to the year for us. All our chart ideas for this week once again have played out according to our analysis. This chart was updated yesterday for today and once again we had a nice push up into our highlighted target area. BOOOM! We will now come back on Monday with our multi timeframe analysis and trading plan for the coming week. We have some exciting developments for 2023 and wish everyone a successful trading journey in the new year regardless of whether you are part of the GVFX team or not BULLISH TARGETS 1802 - DONE 1807 - DONE EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 - DONE Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
22
GoldViewFX - How to draw support and resistance levelsHey Everyone, This is a repost for our newbies. As promised alongside our analysis and reports we will also be posting basic educational posts to help newbies. Today we show you how to draw support and resistance levels the GoldViewFX way. There are so many ways to draw and establish support and resistance levels. Typically this is an area where price stabilizes and fails to break providing support or resistance to price. Visually this can be represented by drawing a line to identify those areas. This can be drawn and identified in different ways. The 3 ways we draw support and resistance levels are as follows; Firstly we identify where price is stabilized, this is likely to show a collection of candles side by side or by a candle or wick touch to a price and then a big retracement. 1 - We draw a line on the top or bottom of the candle body close of an area that price fails to break. Typically the highest or lowest wick from the collection of candles. 2 - We draw a line on the top or bottom of the candle body close of an area price fails to break. Typically the highest candle from the collection of candles. 3 - We identify the turning point of our moving average line (EMA5 IN OUR CASE). We then draw a line on the top or bottom of this turn (This is unique to us, so don't forget if you see it anywhere else). Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
18
GoldViewFX - Market UPDATEHey Everyone, As you can see once again our updated idea posted yesterday has once again HIT perfectly as shown by the arrows. Price is still within the range and with the upper level structure open once again for a challenge at 1822 and 1828. However, We will continue to buy from support levels and not chase the upper structure without support tests, like we have been, to protect us from swings and provide safe entries. Taking extra caution now due to month and year end potential profit taking... If we see the channel bottom broken with a EMA5 cross and lock below 1793 then we will potentially see the full swing range. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top. BULLISH TARGETS 1802 - DONE 1807 - DONE EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 - DONE BEARISH TARGETS 1793 EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772 SWING RANGE 1772 - 1779 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
AUDUSD | Watching for a reversal The price on AUDUSD fell to new lows Tuesday, December 20, 2022. If this is a true price reversal, price can potentially stay below 0.68921 and decline back down to 0.66281. What will invalidate this analysis is if price pushes back past the high price of 0.68921. If this analysis does not work out The invalidation of the analysis can lead us back up to true weekly timeframe to analyze the true bearish trend of AUDUSD. However, we are not there so following the current trend on the daily is more valid. This is a beautiful 2.15 risk to reward trade. It’s worth the look. I’d love to read your thoughts on this pair. Also, thanks for the likes and support!
Short
by ShaquanLopez
1
BUYING DIPS/SELLING TOPS - KEEPING A CLEAN PSYCHOLOGICAL PROFILEHey Everyone, Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions. Now a question that typically arises here is why would it still be advisable to buy when the market is pushing down? Firstly, let me assure you that the same algorithms, experience and strategies that we use to achieve a 97% hit rate with our bullish directional bias also gives us the heads up, or down if you will, on when the market is going down. Don't think for a moment that we only know how to analyse a bull market or up trends. We share targets/signals for both buys and sells but choose not to hedge out of choice. Our published results remain consistently profitable month in month out!! In my experience, in the current market conditions, it is much safer to get out of a stuck buy position than a stuck sell position. That's not to mention the clean PSYCHOLOGICAL PROFILE that is achieved when trading in just one direction. And although hedging can in theory work, it requires years of experience and in the end, is simply not worth the effort. I am more than capable of hedging effectively but the fact that I do not should tell you something. Let us look at an example to further answer the question highlighted above. When you have short-term bearish momentum down, we take buys from key supports or MAs which act as dips. Remember that the market does not go up or down in a straight line (with the rare exception of short-lived parabolic moves). So, when the market is going down and hits one of our key levels, a buy from that point will go back up for 20 to 30 or 30 to 40 pips (this number of pips has been calibrated based on back testing) before resuming back down. You can think of it like this. The market moves in a zigzag manner. The zig is that part of the leg which is going down to create lower lows (if the downward trend is continuing). The zag is that part of the leg which takes a breather and pushes back up with momentum for our entry and quick pip-take range to create a lower high (if the downward trend is continuing) before heading back down again. We catch the right and safest waves (buys) in and out and surf to success. When price hits a key structural support or stops creating lower lows and lower highs, we then reassess for entries with a wider range of pip capture. Hope this post helps our followers to understand how we keep our psychology strong!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
26
GoldViewFX - Market UPDATEHey Everyone, As you can see our 4H chart idea has been playing out well with Bullish targets now all Hit, including our extended targets we shared yesterday to 1822 and 1828 - BOOOM! Price retraced down and found support at our channel floor, where we confidently took our long position for a perfect exit at 1809 confirmed with our algo. Price is now back in the range and therefore our chart idea is now back in play to track and trade using EMA5 cross and lock, as we continue to buy dips from support levels. If we see the channel bottom broken with a EMA5 cross and lock below 1793 then we will potentially see the full swing range open. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top. BULLISH TARGETS 1802 - DONE 1807 - DONE EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 - DONE BEARISH TARGETS 1793 EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772 SWING RANGE 1772 - 1779 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
19