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Lingrid | LINKUSDT approaching BUYING areaBINANCE:LINKUSDT price plummeted in tandem with the BTC price action, before pulling back towards its support level following a bullish extension. As we can see, the price is approaching the buying area between $13.00 and $15.00, where it's currently trading sideways. I think it's likely that the price will retest the local lows, potentially forming a double bottom pattern, which would be a bullish sign. There appears to be accumulation taking place in the $13.00-$15.00 price zone. I expect the price to react to the lower border of the channel by bouncing off and initiating an upward move. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
9
Gold- Before CPI and FOMCAs you know, I'm strongly bearish on gold in the medium term. However, as I explained in previous posts, I expected a recovery after Friday's 1000-pip drop. The big question now is: from which level will gold start falling again? As I mentioned yesterday, a new leg of correction is probable. At the time of writing, with the price at 2313, it seems we are in the middle of this correction. The 1-hour chart shows buying pressure, and the 2320 local resistance could be broken. If this resistance is breached, there are numerous resistances to the upside, making it difficult to choose an optimal entry point for a short trade. However, the only zone that makes sense for a swing short trade at this moment is between 2335 and 2350. This zone is a confluence of the Fibonacci golden ratio, the 20 and 50 simple moving averages, and previous horizontal levels. That being said, I'm currently out of the market, waiting for clarification and a clear selling signal. Follow the idea, because I will update it during the day!
OANDA:XAUUSD
by Mihai_Iacob
7
Gold- Correction over, 1k pips drop next?As I mentioned in my analysis yesterday, I anticipate a significant drop in gold prices once the current correction ends. As expected, the price broke above the 2320 local resistance, creating a new upward correction leg. It then reversed from 2341, giving me a precise short entry. The candlestick pattern since Friday has formed a "bearish mat hold pattern," suggesting a continued downward trend. At the time of writing, gold is trading at 2314, below the 2320 zone, which has recently acted as both support and resistance. This adds to the bearish outlook. Confirmation of a lower high will come with a drop below the 2300 psychological level. If this happens, the technical support at 2285 will be exposed. Furthermore, if there is a new drop to this technical support, I expect it to break, leading gold to fall to the 2250 zone initially.
OANDA:XAUUSDShort
by Mihai_Iacob
4
Hellena | EUR/USD (4H): Long to the target 1.08144.Dear Colleagues, after such sharp moves and breaks, the wave markings may look a little strange and break some rules, but this is rare. In this case, I still assume that all this movement is a movement in wave “2”. And it won't be long before the long awaited upward movement begins. Plus, the gaps are most often closed. I expect that the price will push from the support area 1.07018, then come to the target 1.08144. This is the nearest target. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
Hellena | SPX500 (4H): Long to the area of 5443 level.Dear colleagues, since the 5351 level has been broken, I believe that wave “2” has been completed, which means that wave “3”, which consists of five small waves, is currently developing. Now I assume that either the price will continue the small wave “1”, or will form a small wave “2” in the area of 61.8% Fibonacci level, then continue the upward movement to the area of 5443 level. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
10
EurGbp could drop hard and test 0.8From a fundamental standpoint, given the political problems in the EU, the GBP is expected to outperform the Euro, regardless of what happens with the major pairs (EUR/USD and GBP/USD). This, combined with the technical outlook, could create a promising selling opportunity for EUR/GBP. As shown in the chart, the pair broke a major support level this week. Considering the descending triangle pattern that has contained EUR/GBP since late January, we could see an acceleration to the downside, potentially leading to a 400-pip drop to test the 0.80 psychological support. My strategy is to sell on rallies.
Short
by Mihai_Iacob
1
Lingrid | BITCOIN fake BREAKOUT of the SUPPORT levelBINANCE:BTCUSDT market surprised by making a sudden plunge downwards, taking liquidity below the crucial 67,000 support level. On the daily chart, the price formed a candle with a significant wick, indicating a clear rejection of this support level. I believe that the market will likely continue to move sideways, as it has been stuck in a consolidation zone since mid-May. However, I expect the market to form a double bottom or an engulfing candle pattern that will indicate the dominance of a new trend. My goal is resistance zone at 69500 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
Lingrid | GOLD Weekly Price ACTION AnalysisAs I discussed in my previous weekly outlook on OANDA:XAUUSD , the market took a significant hit after the NFP release in the NY session. The stronger-than-expected jobs report has sparked speculation that the Federal Reserve may not cut interest rates as soon as expected, leading to a pullback in many markets - including Bitcoin. Initially, the gold market ralled, but it struggled to break through the psychological level of 2,400 and subsequently fell below 2,300. On the weekly timeframe, the price action formed a bearish long tail, indicating potential bearish momentum. This pattern is reminiscent of a similar price action we saw last year, where the market declined for several months. On the daily timeframe, the market appears to have formed a head and shoulders pattern. The neckline of this pattern has recently been broken, coinciding with the 2,300 level. Furthermore, this breakout also occurred on the 4H timeframe, where it marks a breakout of the upward channel. This convergence suggests that the market may be poised for further momentum in the direction of the breakout. If it breaks below 2,280, which is previous month's low; we could see a deeper correction. However, as long as we stay above 2,300, the market is in a consolidation phase between 2,300 and 2,400. A pullback could be acceptable, with a potential target of 2,200. Pay attention to interest rates, which could impact gold prices. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
25
Lingrid | USDJPY Potential long TRADE from SUPPORT levelThe daily chart is displaying a strong uptrend, with the FX:USDJPY having recently broken and closed above a previously tested level. This significant breach was marked by a large bullish candle, indicating that the level has gained importance. The price action had earlier formed a triangle pattern, which was eventually broken through. On the daily chart, the market is now approaching a strong resistance zone where we witnessed a massive sell-off. I'm anticipating a retest of the support level and confirmation of buying momentum before making any further moves. My target is resistance zone at 158.450 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5
AUDJPY → Trade Analysis | SELL SetupI have two options here.. bullish continuation from here or bearish break.. Potential BEARISH move! Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity AUDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Short
by TheGrove
7
Gold- New leg of correction before big drop?As you know from my previous posts and videos, I'm strongly bearish on OANDA:XAUUSD . However, in my analysis yesterday, I mentioned that after such a significant drop on Friday, a correction is possible. Indeed, after a double tap on the 2290 zone support, gold started to reverse and reached an intraday high of 2315. There is still the possibility of a new leg of correction, which could provide bears with a good entry point for the future drop. A good zone to watch for short entry signals is slightly above 2320. My medium-term target remains the 2200 zone, and only sustained buying above 2350 would change my outlook.
OANDA:XAUUSDShort
by Mihai_Iacob
10
Lingrid | BITCOIN double TOPPED. What's NEXT ? The sudden plunge of BINANCE:BTCUSDT triggered a widespread panic sell-off across the crypto market, causing a ripple effect that sent prices tumbling. As we can see, the price has formed a consolidation zone, characterized by higher lows and equal highs, indicating a potential stabilization in the market. The trend is now heading towards the support level and potentially June's month lows, setting the stage for a critical test. A fake breakout of this support level would be a strong indication of a liquidity grab, which could be a key confirmation of the market's next move. In my opinion, the price is likely to continue trading sideways, updating higher lows. I expect the market to retest the resistance level in an effort to form a third top, which would provide further insight into the direction of the market's trajectory. My goal is a resistance zone at 72000.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
11
Hellena | EUR/USD (4H): Long to 61.8% Fibo lvl 1.09710.Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”. I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high. I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710). Then we will see what will happen next. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
14
Lingrid | NOTUSDT buying OPPORTUNITYBINANCE:NOTUSDT has pulled back to the support level, forming a descending triangle. As we can see, the price is currently testing the bottom of this downward channel and support level at $0.015. On the daily chart, we observe that price action has created a buying zone between $0.0130 and $0.0150. I believe that the price may dip slightly before creating new higher highs. My expectation is that the price will retest the swap zone, which has been consistently respected in the past. My goal is the resistance zone around 0.02048 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
21
Hellena | Oil (4H): Long, correction to the area of 76.326.Dear colleagues, I have analyzed for a long time and came to the conclusion that the price will probably continue to decline, but at the moment I see that wave “3” is not formed yet, and therefore wave “4” is not formed either. Therefore, I expect a correction to the area of 76.326, but it is desirable that the price does not reach the level of 76.50, because this is the minimum of wave “1”. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDELong
by Hellena_Trade
10
DXY could rise back to 106.50 resistanceThe beginning of May marked the start of a correction for the DXY, with the index dropping from 106.50 to the 104 support zone. However, after finding support around 104 and undergoing a few days of consolidation, the much stronger-than-expected NFP data last Friday led to a reversal for the US Dollar, as evidenced by a significant bullish engulfing pattern on our daily chart. Yesterday, the index also broke above horizontal resistance, and at the time of writing, the price is 105.18. I expect the uptrend to continue, potentially leading to a new test of the recent high at 106.50.
TVC:DXYLong
by Mihai_Iacob
1
Lingrid | NZDUSD strong RESISTANCE rejectionThe price perfectly fulfilled my previous idea. It hit the target level. After an initial impulsive movement, FX:NZDUSD is now consolidating and gradually retracing back to the resistance zone. However, price action has failed to break and close above the key level of 0.62000, which suggests that a more substantial pullback is likely to occur. The weekly chart shows a strong rejection of the resistance level, as indicated by the formation of a long-tailed bar. Given this resistance, I anticipate a 50% retracement of the current price action, followed by a resumption of the trend towards the lower boundary of the upward channel. My goal is the support level at 0.60830 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
10
XauUsd- Trend reversal? Will it drop under 2200?Last week was volatile and, most importantly, an interesting week for XAU/USD traders. In light of new developments in the market, a more in-depth analysis is needed to address the question of whether gold will drop to 2200. Weekly Chart Analysis: Initial Observations: As we can see, 2024 started with consolidation and a slight correction of the initial leg up. Since mid-February, there has been a very strong bullish leg, approximately 5,000 pips. During this bull leg, there was only a brief consolidation and no significant correction. Bearish Signals: After reaching an all-time high, we witnessed a normal correction. However, things have become very interesting. The price resumed its upward movement and made a new all-time high, but the bulls were unable to keep the price above 2400. The following week, we saw a very strong bearish engulfing pattern, a small pin bar after, followed by an extremely bearish candle last week. This long-tailed bearish candle engulfed the previous pin bar, indicating a probable top formation. The price stopped on Friday at a level of support and I believe that in the coming weeks, we will see a drop below this support, potentially leading to a significant drop to the level of consolidation. Daily Chart Analysis: Detailed Observations: On the daily chart, the level of support is more evident. We saw an initial drop and a new attempt to conquer 2400, followed by another drop and consolidation. On Friday, we observed an extremely large bearish engulfing candle, with the price stopping at a level of support. There is a potential head and shoulders pattern with the neckline around the current support level. If we consider this head and shoulders pattern and take the measured target, it suggests a drop below 2200, around 2180 zone. Current Expectations: At this moment, we are at a very important level of support. After this nearly 1,000 pip drop from the top, I expect a correction to test the resistance zone towards 2325, followed by a continuation to the downside and a break below support level (2285 zone). Trading Strategy: Aggressive and Conservative Approaches: Aggressive traders might look to buy around the current support level but should be cautious due to the very aggressive nature of Friday's drop. There are multiple resistance levels to consider as targets, starting at the psychological level of 2300 and finishing with 2325 important one. However, in my opinion, a more conservative approach is better: selling rallies rather than buying at the support level. Conclusion: My outlook on gold is extremely bearish. In the coming weeks, I expect a drop to 2200 and potentially below.
OANDA:XAUUSDShort
by Mihai_Iacob
1