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GBPJPY → Bull market continues to push price after shakeout FX:GBPJPY continues to form a bullish trend. A flat is forming within the ascending price channel and another retest of support leads to a bullish impulse Earlier on the chart we see a strong spike down. A false break of support forms a shakeout in the market, a huge amount of volume is involved and in tandem with unstable fundamentals for the Japanese Yen, it predictably affects the pricing of currency pairs. For us the key role within the flat plays resistance 184.55 and support 183.7. Break of one of the zones with the subsequent consolidation of the price above the line will form the potential for movement in one direction or another. I am expecting growth from 184.55 as a priority. The medium-term target for us will be the resistance area of 186.765. The price is also testing MA-50 and an impulse will be formed in case of breakout. Support levels: 183.700 Resistance levels: 184.55 I expect the continuation of growth in priority. The price can also test the support with a false breakout, but the medium-term potential remains the same. Regards R. Linda!
Long
by RLinda
15
🥇GOLD - Resistance retest and counter-correlation with DXYGold is testing key resistance with a false breakout and this could be a signal for further declines, while the dollar is closing near a strong resistance level and is likely ready to continue to strengthen further TA on the high timeframe: 1) DXY closes near 104.3. Regarding the candlestick analysis, we can assume that the price close indicates further continuation of the move. A small pullback may follow from 104.3 before further growth. 2) Gold on D1 is testing a strong resistance line, which is the upper boundary of the descending channel. A false breakout is formed 3) Two correlation situations are formed, the dollar is preparing to grow, and gold to fall. But if one of them starts to develop the opposite scenario, the other, such as gold, will break the resistance and start strengthening towards 1984 TA on the low timeframe: 1) Price is testing 1942.6. A false breakout is formed 2) A retest of blue support and consolidation below 1942 will form a pre-breakout potential against support. The line may be broken and in this case the price will head towards 1914 and towards 1900 3) BUT! If 1942.6 is overcome and the price forms consolidation above the line, the situation will reverse and the price may consolidate to 1984. Key resistance📈: 1942.6 Key support📉: 1935
OANDA:XAUUSD
by AndeWave
18
Bitcoin - Bull trap of the year! (fake pump) Bitcoin pumped significantly, but it's definitely a bull trap, so do not fall for it! We can see that the chart is printing a huge head and shoulders pattern, which is a very bearish sign. This pattern is not confirmed yet as the neckline is holding, but the price is below the major blue trendline, which increases the probability of a breakdown! The trend is not bullish anymore, and this pump is a great opportunity to short Bitcoin. Where to take profit or buy bitcoin? I strongly recommend the 0.618 FIB retracement in confluence with the CME unfilled GAP. This is an extremely strong support, and we should see the start of a new bull market or at least a significant bounce from it! I don't know about you, but I am bearish! Let me know in the comment section: are you bullish or bearish? I want to know your opinion! Altcoins don't look good at all. I can see a huge crash on DOGE (70%). This indicates to me that Bitcoin is still not ready for a bull market. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
192
ETHUSD → Retest of support for decline before further growth BITSTAMP:ETHUSD breaks the global trend support. The breakout is not false. Local support at 1631 is forming on the chart. After a small correction there are prerequisites for further decline. A wedge is formed on the global timeframe, the price bounces off the resistance and in the format of correction is heading towards the range support. Before the global growth the market is separated by the global descending line (red dotted line) In the medium term, I expect a rebound from the support of the wedge with further retest of the indicated resistance line. If this area is broken through, the market will get a new potential. Locally the price is in flat, a break of 1631 will lead the price to fall to the range support and the key liquidity area of 1500. A strong bullish reaction is likely to follow from this area, which could lead the market to a recovery. The moving averages are signaling a breakout of support. Resistance levels: 1696, 1750 Support levels: 1631, 1501 I expect a breakout of 1631 and reaching 1501 before a further rise to 2021. Regards R. Linda!
BITSTAMP:ETHUSD
by RLinda
17
EURUSD → Breakout of resistance and rebound from strong support FX:EURUSD is testing the support of the global price channel from W1. On the local timeframe there are also preconditions for a possible bullish reaction to the support area. Globally, the currency pair is still in a bullish trend, now the price is testing the support of the ascending price channel. On the local timeframe we see a breakout of the resistance of the upward channel and a retest of the flat support. If the bulls hold the area of 1.0835, we should expect the currency pair to strengthen towards 1.1000 in the medium term. Moving averages indicate a neutral situation on the market. Price is testing MA-50 Support levels: 1.0835, MA-50 Resistance levels: 1.0918, 1.1000 I expect a bullish reaction in the market after the resistance breakout. Price is flat and we have upside potential to 1.1000. Regards R. Linda!
Long
by RLinda
9
🥇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
OANDA:XAUUSDShort
by AndeWave
17
💱 CADJPY - An ascending triangle has been forming for a month CADJPY is gaining a strong resistance area of 108.000. Price continues to test the resistance in an ascending triangle format over the month. TA on the high timeframe: 1) We see an interesting pattern: a limit resistance level in the 108.000 area and a gradual pushing of the price towards this area 2) Minimums that are not updated, but growing. 3) Buyers have their own plan and continue to retest the resistance area. TA on the low timeframe: 1) The ascending triangle and frequent resistance level retests speak for themselves 2) The 108 level separates the market from a strong and sustained upward move. 3) Price may make a false breakdown of support and start testing the resistance area again. Key support📉: rising line, 107.087 Key resistance📈: 108.123
Long
by AndeWave
11
GOLD → Pre-breakdown consolidation near resistance OANDA:XAUUSD makes another jump and updates the high of almost 4 weeks ago. All this is happening after breaking the resistance of the ascending channel. Locally, a symmetrical triangle is formed, which can form an impulse both up and down, the main idea here is that consolidation is formed, which indicates that the market is preparing for further action. Within the bullish impulse the price tests the previously mentioned resistance level 1947 and forms a pre-breakdown consolidation. This level is not a target level and most likely the growth may continue. There is also a possibility that a small correction may be formed before further growth. Moving averages indicate a strong bullish trend. Support levels: 1943, 1942 Resistance levels: 1947 I expect another retest of resistance with a chance of a breakout and further growth towards 1950-1955. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
35
GOLD → False breakdown or breakdown? What's next? OANDA:XAUUSD forms a false break of 1919 support and forms a rally. Yesterday I talked about consolidation on D1, relative to resistance, where we should expect a breakout. It happened, but the momentum was bigger than expected As part of the bullish momentum and breakout of the consolidation, the price also breaks the resistance of the ascending channel, which can be interpreted differently, depending on the view. 1) It can be a breakout followed by consolidation of the price in the green zone, which gives us a buy entry point and a long position scenario. In such a case, price could consolidate to 1947 quite quickly 2) It could be a false breakout. If the consolidation is prolonged and there is no bullish reaction, a false break of trend support is likely to happen, for us the important level will be 1932, consolidation below this line will allow us to enter the trade comfortably. We follow the price reaction on the chart and look for confirmation of signals. Support levels: channel boundary, 1932. Resistance levels: 1937.6, 1947 A flat is forming on d1, within this pattern there is a chance that the price will reach resistance, but globally, the situation with further price growth still looks suspicious. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
16
UNFIUSDT → Wedge breakout and flat breakout BINANCE:UNFIUSDT is forming bullish signals to open a new potential while bitcoin is in a strong bearish correction. On the chart we see the formation of a downtrend. The global consolidation and the bottom retest speak for themselves about the market situation. A few days ago, the price forms a retest of the resistance of the specified figure and breaks it, forming an impulse, but with no result at the retest of 4.55. Consolidation and subsequent retest of the specified boundary is formed. What happened? The price broke the resistance of the specified range. Our task is to wait for the price to consolidate above 4.55 to form a bullish position. If the buyers hold the specified area, the price may reach the level of 6.850 and even 8.375 in the medium term. Support levels: 3.322, 4.55 Resistance levels: 5.45, 6.85 I expect consolidation above 4.55 with further growth to the above targets. Regards R. Linda!
ULong
by RLinda
8
GOLD → Gold is consolidating, there could be a lot of traps.OANDA:XAUUSD updates the local high, forms a retest, but cannot pass the area. The price is forming a correction that may reach the trend support area Within the medium-term perspective on D1, the price is forming a setup for medium-term sales, but there is no confirmation yet. On the local chart the price is in an uptrend and is preparing to continue rising. On the d1 chart on the left we see consolidation formation for 4-5 days, most likely gold may try to break the resistance to reach the liquidity area of 1925 and 1935, but from the mentioned resistance area in the medium term price may react in a bearish way. At the moment gold is slowly rising and at the same time forming strong bearish impulses, the market is saving energy to move in one direction or the other, partly the situation depends on the DXY dollar index. Support levels: 1916, 1910 Resistance levels: 1920, 1925, 1930 I expect consolidation in the specified range, a false breakout of one of the trend boundaries or flat is possible, while the market is consolidating it is difficult for us to determine the exact future direction. Regards R. Linda!
OANDA:XAUUSD
by RLinda
13
CVXUSDT → The coin is preparing to break through resistance BINANCE:CVXUSDT against the backdrop of COINBASE:BTCUSD , which has been falling for a long time and finally stopped, is forming a rather interesting consolidation near the wedge resistance. The coin on the chart is testing the bottom at 2.417, after which it forms a decrease in volatility and consolidation, within which the coin is creeping up to the trend resistance.There is a high probability that with a small bitcoin consolidation CVX will break the trend resistance and give a gorgeous bullish impulse. If the accumulated potential is realized, the price could reach the 3.180, 4.235 and 6.400 area quite quickly. The moving averages indicate a bearish trend, the price will have to go quite a long way to retest the SMA. Support levels: 2.417 Resistance levels: wedge resistance, 3.180 The altcoin market is waiting for any bullish reaction in the market, including from bitcoin, which plays an important role in this market. Altcoins react weakly to the fall of the flagship and react strongly to the rise. We expect a breakout of the wedge Regards R. Linda!
Long
by RLinda
6
Bitcoin - Be aware of the final dump! (triangle) This is a quick update on Bitcoin's short-term price action! Bitcoin is moving in 3 wave structures, which indicates a triangular formation that usually breaks in the direction of the main trend! I am bearish on BTC until we hit my price target of 24800, which is a significant swing high from June. The triangle suggests it as well. I expect a final impulsive wave to the downside before a pump back to 27,000. I think this break of the triangle will be only a fakeout to take liquidity, so make sure you take profits and do not stay in the short position for a long time! Now the question is, will we see another bounce from the ascending trendline of the symmetrical triangle? It's really possible because, from the Elliott Wave perspective, triangles have 5-waves in them, as ABCDE. Now Bitcoin is in the D wave. But sometimes triangles are shorter, and we could go down sooner rather than later. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Overall, you probably know that I expect 21k to be hit later this year and potentially 15k next year, so do not buy any Bitcoins at the current price! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
85
💱GBPJPY - Support retest on the background of bullish trend GBPJPY is forming an ascending price channel, but at the same time we see a reversal pattern forming and a retest of trend support. TA on the high timeframe: 1) Price breaks the resistance at 184.76 and forms a local high of 186.764 2) The liquidity area forms a density from which the price bounces and tests the key resistance TA on the low timeframe: 1) An ascending price channel is formed 2) The price bounces from the trend support and forms a retracement of 184.800. 3) If the level is broken, bullish momentum is possible 4) If the price does not break the resistance, returns to the support retest, then we should wait for the support breakout for further sales Key resistance📈: 184.800 Key support📉: 184.47
Long
by AndeWave
7
GOLD → XAU bumps into a strong resistance area OANDA:XAUUSD continues to form counter-trend correction within the upward price channel. On the global timeframe the resistance area 1920-1935 plays an important role, the price is testing it Globally, the market has a bearish trend, an upward correction is forming on the 1H while the DXY continues its strengthening. The forex market, where the dollar is in a sign, as with XAUUSD has already broken the support area, most likely this can be taken as a premise. DXY continues to strengthen after consolidation and forms momentum towards 105.5 area, which could bearishly affect XAU pricing. Gold bounces off trend support and heads towards 1920 resistance but falls short. The liquidity area has a big impact and prevents the price from approaching a local high. The price is at a strong resistance, a fall and a possible retest is likely to follow Resistance levels: 1920, 1922.5 Support levels: 1912 The market has been strengthening since the opening of the session, but still can't update the local maximum. If the bulls do not let the price above 1919.45, it will be the beginning of further decline. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
23
GBPUSD → The currency pair will form a correction before the falFX:GBPUSD breaks the trend support and is in the red zone, but the price may form a false breakdown and counter-trend correction before further fall On the chart we see a global uptrend within the price channel, but at the moment of strengthening of the dollar, the currency pair gbpusd breaks the support of the trend and is in the red zone. As part of the breakout and strong impulse, the price is testing the flat support and may form a false breakdown of 1.26065, followed by local growth either to 1.26800 or to the previously broken channel line (counter-trend correction) Most likely, the dollar will continue to strengthen and thus weaken the pound, which will affect the chart. In the medium term, we may see a fall to the above support lines Resistance levels: 1.26065, 1.26800 Support levels: 1.25600, 1.24868 I expect the formation of upward correction before the further fall of the price. Regards R. Linda!
Short
by RLinda
24
Bitcoin - Plan for the next 30 days! (This is going to happen) Bitcoin is moving in this huge parallel channel no one talks about, and the price is respecting it pretty well, including the middle trendline! The current price of Bitcoin is around 25900 USD, which is very near its bottom in November 2022 at 16000 USDT. I expect this low to be followed by a huge crash, so make sure you are prepared for it. Bitcoin has been very weak compared to other assets this year. In September, I expect Bitcoin to reach the strong horizontal line at 24820 and potentially take liquidity below it. There are a lot of stop-loss orders from traders, which is a magnet for whales. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. 1 week ago, we had a huge red dildo with a 14% decline. To me, this is an indication that the third wave is in progress in my Elliott Wave count. Wave 5 should go below wave 3 exactly as I have drawn it on the chart! But do not expect any big crashes in the short term. A swing failure pattern (SFP) is something that has a higher probability. Basically, you can buy/long the fifth wave. This is my current plan for Bitcoin for the next 30 days. Of course, this is my main scenario, but I also have an alternate scenario, which I may post next time, but we will see! Let me know in the comment section if you are shorting Bitcoin, but I recommend placing a buy order around 24800 for a quick bounce back to 26800! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
103
GOLD → Prerequisites for further decline, or?OANDA:XAUUSD is within the descending price channel. The trend break occurred at the end of June. Within the current channel, the price makes a false breakdown of 1902 and forms a rebound to resistance, which many perceived as a trend change, but it is not so There are not many key news releases this week, but all of them are published on Wednesday, they are worth paying attention to, for the data indicator will provide us with a medium-term insight for pricing: 1) SP Global US Services PMI 2) ISM Non-Manufacturing PMI 3) ISM Non-Manufatiruong Prices Monday is a day off in the US, hence we do not expect high volatility. From the technical analysis point of view: The price is in a descending price channel. The nearest resistance that may play an important role for the price is at 1920, 1935, on Monday and Tuesday the price is likely to reach this area before falling further. Why am I expecting a fall? Pay attention to the DXY chart. The dollar index has consolidated above the strong 103 level, forming an impulse and testing a false break of 104.3. In the medium term, the DXY could continue to rise towards 105.65, which would give a bearish push for gold Support levels: 1902.9, 1884 Resistance levels: 1920, 1935.5 The direction of the dollar will give us the primary movement of the gold price in the first half of the weekly session, the news on Wednesday will determine the further movement. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
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!
OANDA:XAUUSDShort
by RLinda
15
EURUSD → Euro weakens amid strengthening dollar FX:EURUSD continues to fall on the back of the strengthening dollar index. As I mentioned earlier in other ideas that the 103 level plays an important role for the TVC:DXY . The currency has consolidated above and headed towards 105, which makes both the forex and OANDA:XAUUSD to fall The chart shows a descending price channel that plays a key role in shaping the price. EURUSD breaks support at 1.0835 and forms momentum. Before the further fall, a quick correction to the resistance may be formed, after which I will wait for the price to fall to the nearest targets indicated on the chart. In the medium term, the currency pair may continue its decline until the USD policy changes. Moving averages act as resistance, earlier MA-50 was tested by a false breakout Resistance levels: 1.0835 Support levels: 1.0733 I expect the continuation of the fall amid the strengthening of the dollar. Euro is weakening, and the currency pair may fall to 1.06000 Regards R. Linda!
Short
by RLinda
12
Ethereum - 76% crash to 389 USD! (must see, bear flag) My analysis shows an impressive crash is prepared on ETH after 427 days of consolidation in this bear flag on the weekly chart! It was a long time, and ETH has been going pretty much sideways. Now we have to expect huge volatility! The trendline of the bear flag is clearly breaking down with an ABC Elliott wave corrective pattern, which strengthens the bearish bias. It also looks like a wedge, but a wedge should have a 5-wave structure (a leading diagonal Elliott wave pattern). So this is a bearish pattern, and a 76% crash is absolutely coming in the next few months. You probably don't have too much time to think about what to do with your investments, but consider if you can handle a 76% crash on your spot or futures holdings. My recommendation is to sell, as it's too risky to hold it, and buying cheap ether later in 2024 is definitely juicy! Now what is the target, and where will the bottom be on ETH? We have a strong confluence at 389 USD and 387 USD because this is the Fibonacci 0.618 level of the previous bull market on the LOG scale and also because this is a 1:1 Fibonacci extension from wave (A) -> wave (B) of the current bear market! What's more, we have a first point of control over the volume profile, which you can see on the left side of the chart. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. As you know from my previous ideas, I expect Bitcoin to hit 10k next year. What would be really weird if BTC dropped and ETH rose? So 10k on BTC and 389 on ETH are my targets. I also checked more altcoins, such as DOGE, SHIBA, XRP, and LTC, and none of them looked bullish. The best is to stay in USD. Write a comment with your opinion, because I look forward to it! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
112
GOLD → The XAU is accelerating and the dollar is standing stillOANDA:XAUUSD is forming a rally to 1920, which is what I have been talking about for a few days now. At the moment, while DXY is in consolidation near an important level and does not give signs of falling or rising, we see a violent reaction in gold XAU goes beyond this consolidation and forms a retest of 1919 resistance followed by a false breakdown. But on the background of a strong market, a weak technical pullback is formed and the price goes back to the resistance retest and breaks it, updating the local high to 1921. There are several important levels marked on the chart: support at 1919 and the next support at 1914. Consolidation of the price above 1919 will form a setup for opening long positions, which will allow to hold trades until 1930. 1932. If the price will form a pullback and form a consolidation below 1914, in this case we should expect the price to decline to the previously broken consolidation boundary. Pay attention to the dollar index, it is still consolidating above 103. A fall below this level will give a strong rally for the XAU Support levels: 1919, 1914 Resistance levels: 1921, 1924 I expect a predictable reaction from these levels, it is important to wait for a signal confirmation in the market and only then open trades. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
19
USDJPY → Double top on the background of the uptrend FX:USDJPY continues to form an ascending price channel. After breaking one of the resistance lines, the price is forming a pattern that could weaken the price during the DXY stop. On the chart, I have marked two levels that are quite close to each other. Pay attention to the levels 145.06 and 144.9. The price forms a correction after the formation of a double top reversal pattern, to realize the pattern the price needs to wait for confirmation (breakout of the base of the pattern). If the price returns above the level of 145.06 and forms consolidation of the price above the level, then in the short term the currency pair may update the local maximum and test the trend resistance If the price breaks the support at 144.9 and forms consolidation below the level, we will see a fall to the support zone. Resistance levels: 145.06, 145.515 Support levels: 144.9, 144.59 Consolidation near these levels in the short term will determine the future direction, our task is to follow the price reaction to these key points. Regards R. Linda!
Long
by RLinda
8