Potential Long on Demand ZoneChart 1H TF
OGN is on the support and in triangle pattern
It's nearest resistance around 0.09 and further 0.0975
Wait for next move
Falsebreakout
CHRUSDT → The bulls are holding the price above resistance BINANCE:CHRUSDT breaks the resistance of the wedge and gives us a good signal for a possible strengthening of the cryptocurrency pair while the market flagship - bitcoin makes a volume shakeout
On the BINANCE:CHRUSDT chart below, I have marked the strong 25400 level. We can see that price is testing this area in a false breakout format. The problem with bitcoin's weakness is that there aren't many short-term traders. Most of the volume is with medium and long term holders, hence the activity which moves in cycles over a long distance.
CHR breaks through resistance, but the moment BTC falls, the price comes back and tests the previously broken boundary. At the moment of flagging strength, CHRUSDT forms a consolidation above the line and starts to turn the price up. An important resistance for us is 0.1092, if the coin overcomes it, it will open the way to the mentioned targets
Support levels: 0.0956, 0.0826
Resistance levels: 0.1092
As the coin has strengthened above the previously broken garnet, I expect a breakout of 0.1092 and further growth
Regards R. Linda!
GOLD → Resistance retest in correction phaseOANDA:XAUUSD is strengthening on Monday and is testing flat resistance with a false breakdown. Consolidation below 1928 is forming. The growth of gold is based on the fall of the dollar index before reaching a strong resistance
On the chart, we see a flat formation after breaking the ascending channel support. Yesterday I pointed out that the TVC:DXY is in a strong bullish trend, but since the price is near strong resistance, a bounce down may follow before further gains, which is what we are actually seeing.
As far as XAU is concerned, I am waiting for a fall after a false breakdown of resistance. Before the fall we are held back by the level of 1926. The target in this case will be the support at 1916
BUT, if the dollar continues to fall, gold will break 1928, and will reach 1939, also the price can test MA-200.
On the global timeframe the preconditions for further fall are developing.
Support levels: 1926, 1916
Resistance levels: 1928
I expect gold to decline in priority, but it should be understood that the scenario may break down based on external factors.
Regards R. Linda!
Reversal Pattern, chance to buyChart 4H TF
BINANCE:RUNEUSDT has broken up and gone up to resistance zone around 1.62
Chart 1H TF
It's broken down ascending trend line and trading at 1.58x now.
I figured out some good signals for reversal
- Reversal Pattern: Head Shoulders
- ChOCh at 1.57
- Strong Resistance Zone around 1.6x
- Fake Breakout
So I expect price will down to support zones at 1.56, lower 1.52
Wait and see what happen
Upon break down, the EUR/USD would drop to 1.0650August jobs report revealed a still robust labor market, despite some signs of deterioration. As a result, the dollar became stronger than the euro.
The EUR/USD has broken several trendlines since its mid-August fakout.
The red trendline is a major one. It rejected price last week.
The EUR/USD is also testing the 200-day SMA and a 6-month trendline.
Upon break down the Fiber is likely to drop to 1.0650 support.
GOLD → Lots of assumptions. False breakout or breakdown? OANDA:XAUUSD on D1 is forming the preconditions for further growth, but there is no such thing on H1. NFP played no role for gold while the dollar is strengthening strongly
There are not many key news this week, but they all come out on Wednesday and are all worth paying attention to as the data indicator will give us a medium-term view on pricing:
1) SP Global US Services PMI
2) ISM Non-Manufacturing PMI
3) ISM Non-Manufatiruong Prices
Monday is a holiday in the US, so we do not expect high volatility.
On the hourly timeframe there was a breakout of the resistance of the ascending channel earlier, everyone expected further growth, I told you that there is a chance of a false breakout. On Friday, after the publication of NFP and unemployment the market forms a shakeout in both directions, brings the price back to the boundaries of the ascending channel (false breakout) and in addition, the closing price remains in place of the opening price of the Friday session. The market is weak.
BUT! The dollar index TVC:DXY is testing strong resistance around 104.5, if the area is broken, the price will head towards 105.5, and this will negatively affect the formation of the gold price.
In this case, if the dollar starts its active growth, then on D1 gold will make a false breakdown of the bearish price channel, which will give a strong bearish signal and a huge potential for the price to fall as much as 6% and almost 1100 points.
It is important for us to wait for confirmation of the market action. The dollar index may fail to pass the mentioned mark and form a flat correction, which is another scenario and gold may get a chance to rise to 2000-2100 in this case
Regards R. Linda!
🥇GOLD - Retest of global resistance. Trading in the channelGold on the global chart is testing the resistance of the key descending channel. There is little chance of a breakout of this area as gold's growth has been distributive. A pullback after a false breakdown may follow
TA on the high timeframe:
1) A retest of the descending channel resistance is formed
2) The retest is formed after a month, that's a lot of time for price to break resistance the first time around
3) The chance is higher that the decline will start.
4) DXY is testing an important level, if a bullish bounce happens, gold will start falling
TA on the low timeframe:
1) A breakout of the ascending channel is forming, but at the same time the price is bumping into a strong descending resistance line
2) The price can no longer update the local high, the retest forms a local high below the previous one.
3) If the price returns to the channel, under the 1942 area, it will start falling towards 1930.
Key support📉: 1942
Key resistance📈: 1948
OCEANUSDT → Wedge resistance breakthrough. New signal BINANCE:OCEANUSDT is making a liquidity shakeout from the support side. This maneuver gives a reserve of energy within which the price overcomes the resistance and breaks the wedge
As bitcoin tests an important support area (25000 zone) and then forms a bullish momentum, the altcoin market starts to react accordingly. For us, it is important that bitcoin's reaction is not a short-term correction, but is supported by the trend.
As for OCEAN - pay attention to the wedge (descending triangle). After the shakeout we see active growth and resistance breakout. Earlier there were retests and everything ended in a false breakout, so in our case it is now necessary to wait for the price to consolidate above the broken line, only then it is logical to open long positions in the hope that the market will strengthen.
Support levels: 0.3027, previously broken line
Resistance levels: 0.3335, MA50 and MA200
The market can perform quite well, but we need to wait for a more stable situation. I expect OCEAN to rise to 0.4477 in the medium term
Regards R. Linda!
ETHUSDT Long. False breakout is working very wellFalse breakout is working very well in the market right now
To trade take a coin with a level to short and wait for a breakdown of the level down.
We enter the long trade when the price returns.
The stops are very short
This pattern is called False Breakout.
Trade with us, trade better than us!
Today:
19 coins on the short list
18 coins on the long list
GOLD → The price will break 1914 and start another decline OANDA:XAUUSD is declining amid the strengthening of the dollar. TVC:DXY finally consolidates above the key support of 103 and starts upwards to 105-107, which gives a new kick to gold for the fall
On the chart we see the price stopping in the area of 1914-1918 and the price forms a retest of 1914 after a false breakout - a strong enough syschgnal that prepares us for a possible fall in the value of the metal. If the price breaks 1914 and forms a consolidation below the level, it will give us a strong signal that the price will continue its fall to 1900-1885 after a shakeout in the form of a rally to 1918.
A stronger dollar means that no one will cut rates anytime soon as the market still sees strong inflation.
Moving averages are acting as support but MA-50 may be broken soon which would open a new corridor for price
Support levels: MA-50, 1914, 1911
Resistance levels: 1918
I expect a short setup and the development of the situation in the format of price decline to 1900, but something against the scenario can always happen. If the price breaks 1918, it will start to rise to 1925.
Regards R. Linda!
🥇GOLD - Price is hitting a strong resistance area Gold stops falling and forms a range of 1902 - 1885. A resistance retest and false breakout is forming
TA on the high timeframe:
1) False breakout and fall to 1884, after which the price forms a retest of previously broken support 1902
2) From this level the price may continue its decline
TA on the low timeframe:
1) With the probability of 70-80% the price will not be able to pass through the indicated resistance because of the trend, because of the volume density and because of the liquidity zone
2) False breakout with the top of 1908-1910 is possible
3) The trend is downward and most likely the price may go down to 1893 and 1885.
Key resistance📈: 1902.7
Key support📉: 1893.8
Fail breakout now dippingPrice is forming a HS at the strong resistance, not confirmed yet but I prefer to pick it up early and tight SL. It may bounce off the neckline but it would be a dead cat bounce.
🥇GOLD - Support Retest. Price is looking for a bottom Gold forms a false breakdown of 1937.58 and forms the strongest impulse in the last few weeks (chart on the left). At the same time, local and global trends coincide and the price retests the support. The prerequisites are obvious
TA on the high timeframe:
1) False breakout forms a downward impulse. Price falls to 1885, having previously broken support at 1909
2) The only key liquidity area the market is interested in is below 1807
TA on the low timeframe:
1) A bearish channel forms, price bounces off resistance and we see momentum
2) A retest of 1885 is formed, price may test trend resistance before further breakout.
3) The only scenario at the moment is to sell.
Key resistance📈: 1891
Key support📉: 1885
GOLD → Bearish trend resistance breakout. realistic? OANDA:XAUUSD makes a false breakout amid the news. The price is testing the 1900 liquidity area. The chart set-up and pin-bar form a bullish potential
On the chart we also see the strengthening of the price. Gold makes an attempt to break the bearish resistance and for a few hours the price forms a consolidation above the previously broken line.
On the chart I have indicated the upper boundary at 1912.7. I think there is a chance that after a strong fall, the price may go into a consolidation or flat format. 1912 is a strong and liquid resistance and is likely to push the price back to the support, which will only confirm the flat. Our task after the breakout of trend resistance is to pay attention to strong levels to open positions for breakout, rebound or false breakout. It is too early to talk about the trend change. We are watching the price.
The price is testing MA-50 for a breakout. If it happens, gold will strengthen to MA-200.
Support levels: 1902, 1900
Resistance levels: 1906.5, 1911.5, 1912.7
I expect a correction to the resistance. From 1912 a pullback and retest of support is possible.
Regards R. Linda!
🥇GOLD - The price is getting ready to drop. False breakout Gold is testing trend resistance again, Price is forming a strong consolidation and there is a noticeable lull in the market, most likely before the storm
TA on the high Timeframe:
1) Local support is forming at 1912, and consolidation near the level
2) There is still a potential for a decline to 1902.
TA on the low timeframe:
1) Price is forming a bounce from trend resistance after a false breakdown
2) If the price can break the support of 1912, 1910 then it will head down to 1900.
3) The trend is bearish and I expect the price to decline in priority.
Key resistance📈: 1915
Key support📉: 1912, 1910
NZDUSD → A bearish wedge could lead to a rebound FX:NZDUSD is declining in the format of a bearish wedge. Within the pattern, the price may test the key support, but what to expect from the price further?
The support level of 0.59939 is the lower boundary of the global flat. There are no signals to break the support now, a retest of the level is formed after 2 months, the liquidity area will not allow to break this level. After the breakout of the support of the wedge will be followed by a retest of the indicated support level 0.59939, but I do not expect a breakout of this support. With high probability a rebound from the support may follow and the price may form a bullish momentum to the 0.61330 area.
The moving averages formed a bearish signal earlier, which has already worked out, at the moment the lines indicate a bearish trend.
Support levels: 0.59939
Resistance levels: 0.60692
I expect a retest of the support followed by a bounce up to 0.60692 or 0.61330.
Regards R. Linda!
🥇GOLD - The market is preparing for a recoveryGold is forming a false breakdown of a strong support line. The support and liquidity area formed forms a bullish rally.
TA on the high timeframe:
1) False breakout. Price closes above the 1938 support line, gold may rise to 1950-1960 at the beginning of the trading week
2) Price is testing the liquidity area of 1942.8, the market may open with a gap or continue its growth if this resistance is broken.
TA on the low timeframe:
1) A candle with a large shadow is forming on H4, the price closes close to the 1942 level after a false breakdown
2) The market is forming a potential to continue rising
3) Waiting for the trend resistance to be reached before considering any further setups.
Key support📉: 1933
Key resistance📈: 1942
🥇 GOLD - Price is breaking support but not falling yetGold is breaking a new milestone and breaking the support of the descending price channel.
Price is consolidating between the downtrend line and 1933.9 support, pre-breakdown consolidation may break the support and price will fly downwards
TA on the high timeframe:
1) Break of support at 1938 (lower boundary of the global range
2) Consolidation below the support is forming
3) Negative fundamental background for gold
TA on the low timeframe:
1)Trend support is broken, price is consolidating lower
2)If 1933.9 is not broken, then there will be a false break of support and price will head towards 1950
Key support📉: 1933.9
Key resistance📈: 1938.7
A Trade Example in The Nasdaq Futures Using a Simple TA ConceptThis was a really clean example of a really basic price action based set-up. On the short-lived Holy Grail trade(See my most recent live stream for a walkthrough of the holy grail trade set-up) that resulted in a false breakout, price begins to reverse and want to cross back through the established range on the 5 minute chart, as we begin tending back towards the middle of the range, we want to enter a trade, playing short term, attempting to take out the range high. I am currently working on getting my profits off the table much earlier and not being a "dick for a tick" so any time I get a trade between 2-4 R in my favor, I am taking my profits and running. I narrate all of this in this video
CME_MINI:MNQ1!
GOLD → Buyer weakness leads to a retest of support OANDA:XAUUSD is forming a false break of support after which a bullish impulse is developing, which is predictable, but within the framework of the local rally the price cannot update the local maximum, which may indicate buyer weakness
A fall is formed after the establishment of LH 1972. The price breaks the 1959 level and forms a consolidation below the level. A consolidation in this area may form a potential for further decline, which may form another retest of 1948 support, and this movement will already form a potential for a possible breakout of this area with a further decline to 1933.
After the breakout of the uptrend, a flat is formed and the price can stay within these limits for quite a long time, but there are no preconditions for breaking through the flat resistance or flat support. We are waiting for the price to approach the boundary and will follow the reaction.
Support levels: 1953, 1948
Resistance levels: 1959, 1972.
I expect the price to decline to the flat support. Further reaction to the level of 1948 will show the medium-term potential (rebound or breakout to 1933 is possible).
Regards R. Linda!
🥇GOLD - A flat is formed. Probable rebound from resistanceGold tends to rise as high as possible. But! Data will be published soon, most likely the market may be preparing for a rate hike.
TA on a high timeframe:
1) A surge in volumes may force the price to test the resistance of 1984. A false breakdown is possible even when bad news is published
2) The area of liquidity that the market is primarily interested in is around 1978-1985, and then the one around 1950
TA on a low timeframe:
1) A retest of 1973 can lead to an impulse to 1983.
2) It is difficult to say what the result will be in terms of the rate and inflation, so the market may shake up a lot tonight.
3) In priority, since the situation is worse than neutral, the price may weaken against the background of a rate hike and a strengthening dollar.
Key Resistance📈: 1973, 1983
Key Support📉: 1963
GBPAUD → False breakdown and upward movement to retestFX:GBPAUD continues to form a bullish trend, as the high timeframe tells us.
The price makes a false breakdown of the moving average and returns to the range.
The price has returned to the ascending price channel and may form a retest or consolidation above the support level in the nearest future.
At the moment the price is squeezed within the flat 1.9184 and 1.9035. Most likely the price has the upper boundary of the range as a target.
An intraday retest of resistance may follow for a breakout.
Since we have an uptrend, a false breakout of support and MA-200, the market is ready to continue rising.
Another breakout attempt at 1.9184 may be successful and the price may show active growth.
Support levels: 1.9035, trend support
Resistance levels: 1.9184
I expect a retest of resistance with a subsequent breakout. Medium-term target: 1.9393.
Regards R. Linda!
GBPUSD → A FB and a retest of 0.618 could send the price to 1.26FX:GBPUSD forms a false breakdown of a strong resistance area. A downward correction is formed against the background of local strengthening of the dollar index
On the chart, the currency pair retests the key support line at 1.2848. A pre-breakdown consolidation is formed against the background of correction.
The price overcomes the area of 0.5 Fibo and is directed to test 0.618. If the currency pair breaks 1.28000, the correction format will turn into a change of trend and the price may fall to 1.26000 within the upward price range.
Regarding 1.2848 there are two possible scenarios, a false breakout with subsequent growth to 1.3000. Or breakout and price entry to 1.2848-1.26800. In this case our target will be the support.
MA-50 acts as resistance, while MA-200 is preparing to take a retest from the price
Resistance levels: 0.5 fibo, 1.2965
Support levels: 1.2848, 0.618 fibo.
I expect the formation of pre-breakdown consolidation and possible breakout with further price decline to 1.26800.
Regards R. Linda!
