Lingrid | GBPCAD long from the SUPPORT levelFX:GBPCAD broke through both the resistance level and the downward trendline, signaling a bullish market trend. I anticipate a classic breakout retest followed by a continuation of this upward movement. Analyzing the daily timeframe, we can observe that the market is making higher highs and higher lows, which reflects robust buying pressure. As the price continues to test the significant round number of 1.8000 above, I believe it’s only a matter of time before we witness a strong breakout to the upside. My goal is the resistance zone at 1.80700
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Signalprovider
Lingrid | GOLD slows DOWN: Identifying OPPORTUNITY to Buy OANDA:XAUUSD formed a deeper pullback following the news release yesterday and has since bounced off a support level, which may indicate a potential entry into a consolidation phase. With another packed schedule of news events today, we could see volatile moves and spikes in the market. I anticipate that the market may pull back to take liquidity below the previous day's low and potentially retest the psychological level at 2700 before moving upward. My goal is resisatnce zone around 2770
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Lingrid | TONUSDT inverse HEAD and SHOULDERS patternBINANCE:TONUSDT is currently experiencing a prolonged sideways movement above the psychological level at 5.00, forming a range between 5.00 and 5.40. This indicates potential liquidity under this range, particularly at the round number of 5.00. It's likely that the market may continue to move sideways for a while before taking this liquidity. Additionally, the formation of an inverse head and shoulders pattern suggests a possible reversal ahead. If this pattern completes successfully, it could indicate a bullish shift in momentum, potentially leading to a breakout above the range. My mid-term goal is resistance zone 6.00
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GBPJPY Potential Up Trend ContinuationGBPJPY is forming a bullish trend, marked by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the 195.600 resistance zone, a level that had been tested multiple times. Following this breakout, the market could surge toward the upper boundary of the channel. Given the choppy market behaviour since the beginning of October, this breakout could potentially be significant. The target is the resistance zone around 196.900
EURUSD Bearish momentumEURUSD has bounced off the resistance level and has been in a bearish trend since the start of October, marking three consecutive bearish weeks. It's likely that the price will pull back toward the resistance zone before resuming its downward movement. If the price pulls back against the main trend, this could result in a classic correction, followed by trend continuation. The market may form a complex pullback toward the resistance area near 1.0900 and the downward trendline, after which we could see a sell-off as the bearish momentum continues. The target is the support level around 1.07920
Lingrid | TRXUSDT continuation OPPORTUNITY from SWAP zoneThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:TRXUSDT pulled back toward the swap zone that has been tested multiple times previously, and it took liquidity below the equal lows, creating a false breakout of this significant level. Given that the overall trend remains bullish, it seems likely that the market may enter a short-term sideways phase between the levels of 0.1570 and 0.1650. The presence of a recent bullish candle supports the idea of a potential upward continuation. If the market maintains its position above the swap zone, we could see a move higher if it regains momentum. My goal is resistance zone around 0.1620
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JTOUSDT (Jito) Updated till 24-10-24JTOUSDT (Jito) Daily timeframe range. it will be more optimal for it to get out of 2.558. if so it will get more space to move around. alltho peoples are already packing if we check the volume. all it needs some money flow in alt mcap. or maybe some big guys push.
EUR/NZD's Bullish Signal: Targeting 1.84 with Strong Risk-RewardAfter hitting a local low near the 1.75 zone earlier this month, OANDA:EURNZD reversed to the upside, beginning its first leg of recovery and surpassing the key 1.80 level.
Over the past two weeks, the pair has been in a phase of correction and consolidation, hovering just below this important resistance.
However, yesterday’s strong bullish move may signal the end of this consolidation phase.
Looking ahead, I anticipate a new leg up, with the potential for the price to retest the 1.84 resistance level.
For traders, positioning with a stop-loss placed just below the recent low offers a compelling 1:4 risk-to-reward ratio.
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity.
As per our last mind, we were waiting for signs of exhaustion on XAUUSD . We have also broken the structure and our KL (Key Level) 2737 .
In detail,
As price on XAUUSD has broken our KL (Key Level) that’s sitting at 2737 , it has also broken the upside structure . We are entering at the break of our KL at 2737.811 with SL sitting at 2749.285 as it would invalidate the trade idea and continue the bullish movement creating new highs. Our TP (Take Profit) is sitting at the previous ATH (All Time High) 2685 .
PARAMETERS
- Entry: 2737.811
- SL: 2749.285
- TP: 2685.800
KEY NOTES
- XAUUSD price is showing exhaustion.
- XAUUSD broke our KL (Key Level).
- The bullish structure has been broken.
- Breaking above our SL would result in more upside.
Happy trading!
FxPocket
Lingrid | GOLD continues to SURGE. Long from the SUPPORT zoneThe price perfectly fulfilled my previous idea. It hit the target zone. OANDA:XAUUSD surged upward, reaching new all-time high levels. At this point, it's prudent to wait for a pullback from the resistance zone before considering a long position. The recent break and close above the previous day's high is a bullish signal, suggesting that the market may continue upward toward the next resistance level at 2800. However, we need to be cautious, especially with today's high-impact news. If the news negatively impacts gold, it could trigger a decline to the 2700 level. I expect the market reject the support level and donward trendline and moving higher levels. My goal is resistance zone around 2760.
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GBP/JPY Consolidation Tightens: Bulls Eyeing a Break Above 195.7After a strong correction and finding a bottom at 180 in early August, OANDA:GBPJPY began to recover, initially rising to the 193 zone.
Another leg down followed, but this time, bulls regained control at the 183.90 level, forming a higher low supported by a double bottom pattern.
The next upward move stalled at the 195 resistance, and the pair has since entered a consolidation phase.
However, the recent consolidation range is tightening, and it appears that the price is gearing up for an upward breakout.
I am slightly bullish on this pair, and a break with a daily close above the 195.70 resistance level would confirm this outlook, potentially leading to further gains toward the key 200 zone.
In the short term, interim resistance around 198 could also serve as a target for bullish traders.
Lingrid | EURUSD making LOWER Lows. Potential PULLBACK tradeThe price perfectly fulfilled my previous idea. It hit the target level. FX:EURUSD is trending downward, consistently making lower lows, and is currently testing the August low after breaking and closing below the psychological level at 1.08000. Given the bearish momentum that the market has gained, I anticipate a continuation of the downward trend. I expect the price to pull back toward the swap zone and then continue making lower lows, If it gives a sell signal during that pullback. My goal is support zone around 1.07550
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Gold's Reversal Signals: Why I'm Watching for a Drop Below 2700?Yesterday, I mentioned that a correction in OANDA:XAUUSD seemed imminent, even though we didn’t yet have confirmation at that moment, and I emphasized that buying no longer appeared attractive at these levels.
Indeed, after reaching another all-time high of 2740 during the day, a strong sell-off followed, pushing the price down to the 2715 zone.
Currently, the bulls are back in control, but in my view, this looks more like a natural rebound aligned with the broader trend, rather than a renewed surge in buying interest.
The 2740 level now serves as significant resistance, and a fresh reversal from this zone could very well occur.
For the bulls, the key support level lies in the 2725-2730 range. A drop below this zone would signal the beginning of a potential new downward move.
From my perspective, I'm focused on selling opportunities.
A break below 2700, with a move toward the 2685-2690 support range, is what I’m closely watching for.
Bitcoin- Chronicle of a Break ForetoldA couple of weeks ago, I raised the question: What if Bitcoin were to remain stuck in a range between 70K and 50K for an extended period?
Although this idea seems unimaginable to the bulls—who get frustrated by any statement that isn’t "Bitcoin to the moon"—this scenario is more than just a remote possibility.
Recently, Bitcoin hit the 70K zone once again, and from a technical standpoint, it broke out of the flag it had been trading in for over six months.
However, to me, this breakout feels more like the "chronicle of a break foretold"—the one we’ve all been expecting, where everyone’s buying, everyone’s making money.
Yet, from a fundamental perspective, things aren’t looking as rosy as one might think.
Technically, it seems like the price will come back to confirm the breakout. But again, from my point of view, things just seem a bit too simple .
So, what if Bitcoin slips back under 65K and continues downward towards the bottom of the range at 50K?
Asking for a friend. :)
Lingrid | AVAXUSDT in CONSOLIDATION: Opportunity to BUYBINANCE:AVAXUSDT is currently forming a triangle pattern, creating lower highs and higher lows. Overall, it is in a consolidation phase, which provides an opportunity to buy at the bottom of the range. The price is approaching last week's low, and I anticipate that the market may dip below this level before moving toward the upper boundary of the range. If the market rejects the support zone around 26.00, we can expect a bullish move to emerge from that support. My goal is resistance around 29.00
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Lingrid | GOLD Weekly Price ACTION AnalysisOANDA:XAUUSD reached another all-time high this week, closing above 2700 and continuing an upward trajectory, as I mentioned in my last post. The weekly candle closed strongly following a long-tailed bar, indicating that the market has gained bullish momentum. Any pullback at this point could present an opportunity to go long, especially since, at this rate, a surge to the 3000 level by the end of the year seems plausible.
On the daily timeframe, the market is forming an AB=CD pattern, and once this pattern completes around 2745, there is a chance the market may pull back from that resistance area. However, on the weekly timeframe, we can observe a wick pointing downwards, suggesting a potential retest of about 50% of the previous week's range.
Overall, I anticipate that the market to continue to move higher, and I plan to go long during any pullbacks as we aim for the next target of 2770, which is likely to be reached sooner than expected. It’s worth noting that geopolitical concerns remain significant, prompting traders to seek safety in gold. Additionally, global central banks support, driven by consistent demand and worldwide interest rate cuts, is making gold increasingly attractive.
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Lingrid | GBPJPY range BREAKOUT. Long from SUPPORT zoneThe price perfectly fulfilled my last idea. It reached target level. Overall, FX:GBPJPY is forming a bullish trend, characterized by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the resistance zone around 195.600, a level that had been tested multiple times. Following this breakout, I anticipate that the market may surge upwards toward the upper boundary of the channel. It's important to note that the market has been choppy since the beginning of October, suggesting that the breakout could be substantial. My goal is resistance zone around 196.900
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NFLX Netflix Options Ahead of EarningsIf you haven`t sold NFLX before that massive selloff:
Now analyzing the options chain and the chart patterns of NFLX Netflix prior to the earnings report this week,
I would consider purchasing the 730usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $45.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | EURUSD trend CONTINUATION OpportunityFX:EURUSD has moved lower, testing the August opening price level following the news that pushed the the market downward. The market is making lower lows, and it is likely to reach the round number at 1.0800. The market recently bounced off the 1.08100 level, presenting an opportunity for a pullback trade. Currently, the price is pulling back to a resistance zone and a downward trendline. If the price rejects this zone, we can anticipate a continuation of the downtrend. However, since today is Friday, the market may trade sideways. My goal is support level at 1.08100
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USD Index at 104 Resistance: Strategies for the Next MoveIn early October, I wrote that the multiple attempts to break below the support level given by the beginning of the year price were likely false breaks.
I suggested that the DXY (U.S. Dollar Index) was primed for a reversal to the upside, which could potentially push the price toward the 104 resistance level.
As anticipated, the USD Index reversed and touched this key resistance.
Looking ahead, a correction from this point seems probable, with the 102.50 zone being a possible target in the coming days.
My strategy is to look for buying opportunities in EUR/USD and AUD/USD.
Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level.
Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with bulls stepping in to defend the level successfully.
From my perspective, we are nearing a potential upside reversal, and the upcoming Non-Farm Payroll report on Friday could serve as the catalyst for this move.
Currently, 102 is the key level to watch for confirmation of an upward breakout. Should the DXY break above this threshold, the next reasonable target would be around 104, marking a significant bullish shift in momentum.