QUICK UPDATE ON 4 CHART - 1903 AND 1909 are the 4H Goldturn Targets. Its not wise for us to chase these two targets from this range with the momentum we have already had today. We had a good run and whilst we remain Bullish we will look to take only small positions from retracements and stronger buy positions from deeper retracements. Support areas 1881, 1867,...
Hey Everyone, 1884 and 1897 TARGETS HIT ! ! ! We took buys and banked on Goldturns and even caught the retracement down from 1897 before resuming back for 1897 again. Although we are bullish and taking buys at this range we are also comfortable taking sell signals, knowing even if the Bulls take another run, its a range where we can still potentially get exits...
Reason for my sell opportunity Trendchange on DAILY ORDERBLOCK with BIG IMPULSE Down Building a correction CHANNEL with 3 Touches on Upper Trendline ( a Good indicator for breakout the lower Trendline) Break Structure und Retest the channel on a big 4h Orderblock My opinion is a Big sell off in the next days THIS IS NOT A TRADING SIGNAL
Hey All, Quick update on the 4H chart. Price is challenging 1856 level also inline with the Goldturn channel support, so we may find support here and continue up. This is also the bottom of the Goldturn channel. However keep in mind the Benchmark on the H1 CHART at 1836. Back to BENCHMARK is what we call BACK TO REALITY!!!! Lots of meetings and news this week,...
Hey All, Yes you guessed it...…we sound like a broken record on repeat, we did it again!! Day in day out hitting targets !!!! Okay lets start. We had the retracement down to 1850 area, as we projected yesterday. (see related post below). We took our buy entries from this zone and targeted 1867 and 1872, which was confirmed with the EMA5 lock yesterday, which you...
Hey all, Weekly chart looks very Bullish with the Goldturn trendline broken to the upside opening target to 1876 and with enough momentum in that range will easily take out the upper targets. 1766 is the lowest of the range we can see over the coming months and any deeper price drops can go as low as 1677. Price does not seem to stay in this low range for long...
Hey All, Update on the daily chart timeframe, we already identified the Bullish structure on Daily chart throughout and it continues to support our setups. The Goldturn trendline has been supported well and as long as EMA5 remains above the trendline, it is safe for us to take buys from support. We had a break at 1799 with EMA5 cross and candle body close,...
Hey All, Update on our 4h chart, we can see price has broken back into the 4H Goldturn channel. We need to see EMA5 also break into this channel at 1855 to confirm the break in. This will then open movement in the channel and open the upper targets to 1867, 1881, 1897. We have identified a swing range of 1836 and so will remain Bullish above this swing range. A...
Hey All, Hope everyone had a great weekend and had a chance to review my earlier posts on drawing Goldturn support and resistance and a basic setup on how to trade the levels (see related posts below). Market Review I have now drawn some weighted Goldturns using historical price action against historical levels, with some adaptations based on the market...
Hey Everyone, This is a follow up post from the previous post on HOW TO DRAW GOLDTURNS (see related post below) We want to now show you how we can use the Goldturn levels and share with you all a basic yet a strong Goldturn Trading Setup in step by step stages. 1 - Draw a Goldturn on the previous days Highest point for Resistance 2 - Draw a Goldturn on the...
Hey All, And you guessed it........WE HAD ANOTHER AWESOME DAY!!! We identified a support target at 1826 yesterday this was hit perfectly, although we saw a push below 1826, EMA5 created a Goldturn above this level confirming the support to resume back into our Bullish setup, as we suggested. We then had 1836, 1840, 1846, 1856 ALL HIT !!!!!!!! We can now see...
1839 TARGET HIT !! This area is a strong resistance zone and we are likely to see some retracement and swings. 1824 is on the radar for a support TARGET. We will not add to any longs now and banked all positions. We will consider sell signals and take buys only below 1824 to continue to try and catch the full leg of this Bull run. Stay tuned for regular...
Hey All, I know what your all thinking......YES!! we did it again!!! 1836 and 1840 Axis Targets HIT!!. Trading it range by range helps us get out in time should the market turn against us. We are now reaching the entrance of the next RANGEBOX 1836 - 1846 - Although we had our 1846 Target HIT, we need to see EMA5 cross and lock inside the new Rangebox. We...
Hey All, Our 4h chart setup had the EMA5 cross and candle body close above 1826 to open and confirm 1836 and 1840. This was a clean 70 pips up so far, close to 1836 point to point. Target is still short by a few pips so 1836 still open and 1840. If we see a failure to cross 1836 with EMA5 even whiteout a candle body close, we can potentially see price reject to...
Hey All, I know you keep hearing me say this....but here it goes....Another amazing day of trading for us. Those following we called 1834 as a target confirmed with EMA5 cross and lock. This target was HIT perfectly. 1839 is the next TARGET. We have identified a potential retracement range of 1828 and the swing range has also moved up in the setup. We remain...
Hell All, Okay so we have hit the 1826 target perfectly on our 4h chart idea. We will now wait to see how EMA5 challenged this level. This level has been tested twice before and a EMA5 failure to cross had price rejected back to 1814 and below. We need to taker caution in adding long without further confirmation. If ema5 crosses 1826 with candle body close, we...
Hey All, This is a follow up from yesterdays update. We caught some action from the bottom buying dips and took partials. We thought we would update the daily chart for you all, which also supports all our analysis. We can see already historically in the past 8 months, every time 1818 had a candle close above it, price would always follow through and as a...
Monero is lining up nicely with the AI today. We have an expected high around 1pm @ 177. This would tie in nicely with the with the ABCD at the same level. This could give us a nice 2-3 day Pull back to look for long trades. Time is key to this, if we get to the time and we are still in a sideways motion then it is invalid. A rally into 177 would complete the...