Lingrid | GOLD bullish TREND Continuation PotentialOANDA:XAUUSD market tested the 2880 level as I anticipated yesterday. It formed a false breakout from the consolidation zone and moved higher, breaking above the 2900 level and by taking liquidity from below the range zone. Currently, the price is testing the midpoint of the consolidation zone, which typically acts as both support and resistance. Therefore, there is a possibility that the price may roll back, especially if upcoming news proves to be negative for the market. However, this seems unlikely given the current bullish momentum. Since the price has tested the zone below the consolidation zone, I expect it to aim for the zone above the consolidation zone and previous week high. My goal is resistance zone around 2935
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Signals
Gold Breaks Out: Is a New All-Time High on the Horizon?Finally, after a week of range-bound trading and a false downside breakout, Gold has found direction and surged to the upside.
As expected, the inflation data served as the catalyst. With the reported figure coming in lower than anticipated, traders are now pricing in potential rate cuts.
Technically, as mentioned, the price broke above the 2930 resistance level and reached a high at 2947 just shy of the all-time high.
Currently, Gold is undergoing a normal correction, which should present traders with an opportunity to buy at lower levels. The ideal buy zone is between 2920 and 2930, with the bullish outlook negated if the price falls back into the previous range.
In terms of targets, the old ATH acts as resistance, but I wouldn’t be surprised if Gold pushes higher and sets a new record above the 2960 zone.
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#BANANAUSDT maintains bearish momentum📉 Short BYBIT:BANANAUSDT.P from $14.905
🛡 Stop loss $15.490
🕒 1H Timeframe
⚡️ Overview:
➡️ The main POC (Point of Control) is at 16.112, indicating the area with the highest trading volume.
➡️ The 15.490 level acts as a local resistance, as the price previously faced selling pressure there.
➡️ The volume and market profile highlight areas of high trader activity, especially in the 14.250 – 15.500 range.
➡️ The chart shows a potential decline after an impulse move and profit-taking.
🎯 TP Targets:
💎 TP 1: $14.580
💎 TP 2: $14.250
💎 TP 3: $13.920
📢 Monitor key levels before entering the trade!
📢 If 15.490 is broken upward, the trade may be invalidated.
📢 If the price continues to decline and breaks through TP 1, the downside potential remains.
BYBIT:BANANAUSDT.P maintains bearish momentum — expecting further downside movement!
#XLMUSDT is showing signs of growth📈 Long BYBIT:XLMUSDT.P from $0.26325
🛡 Stop loss $0.25955
🕒 1H Timeframe
⚡️ Overview:
➡️ The main POC (Point of Control) is at 0.25511, indicating the area with the highest trading volume.
➡️ The 0.25955 level acts as a local support, as the price previously bounced from this zone.
➡️ The volume and market profile highlight areas of high trader activity, especially in the 0.24984 – 0.26325 range.
➡️ The chart shows a forming bullish structure, confirming the potential for further upward movement.
🎯 TP Targets:
💎 TP 1: $0.26630
💎 TP 2: $0.26930
💎 TP 3: $0.27240
📢 Monitor key levels before entering the trade!
📢 If 0.25955 is broken downward, the trade may be invalidated.
📢 If the price holds above 0.26325 and continues rising, the bullish momentum remains intact.
BYBIT:XLMUSDT.P is showing signs of growth—expecting further upside movement!
EUR_JPY WILL GROW AFTER PULLBACK|LONG|
✅EUR_JPY is trading in an
Uptrend and the pair made a
Bullish breakout of the key
Horizontal level of 161.000
Which is now a support
And the pair is now making
A local pullback but we
Are bullish biased and after
The retest of the new support
We will be expecting a
Further move up
LONG🚀
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VANRYUSDT Approaching a Breakout from Falling Wedge VANRYUSDT is currently forming a falling wedge pattern, a bullish technical setup that traders are closely watching. This pattern often signals a potential breakout, and with strong volume backing the movement, the chances of a significant price surge are increasing. As the price consolidates within the wedge, buyers are gradually stepping in, indicating growing investor confidence in this project.
The market sentiment around VANRYUSDT remains positive, with investors showing increased interest in its potential. A breakout from this pattern could trigger an explosive rally, with expected gains ranging between 250% to 300%. If the price successfully breaches the resistance, it could initiate a strong uptrend, attracting even more market participants and pushing VANRYUSDT toward higher levels.
With strong volume supporting the price action, traders should keep a close watch on the key resistance level. A confirmed breakout with sustained buying pressure could validate the bullish outlook. As the crypto market remains volatile, proper risk management and technical confirmation are essential before entering a position in this promising setup.
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GOLD Bullish Breakout! Buy!
Hello,Traders!
GOLD is going up now
And made a strong bullish
Breakout of the key
Horizontal level of 2923$
So we are bullish
Biased now therefore
We will be expecting a
Further bullish move up
Buy!
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GBP-USD Resistance Ahead! Sell!
Hello,Traders!
GBP-USD keeps growing
In a strong uptrend but the
Pair is locally overbought
So after it hits a resistance
Of 1.3048 from where we
Will be expecting a local
Bearish move down
Sell!
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EURUSD: Trading Signal From Our Team
EURUSD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell EURUSD
Entry Level - 1.0883
Sl - 1.0979
Tp - 1.0729
Our Risk - 1%
Start protection of your profits from lower levels
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Gold’s False Breakout: A Bullish Shift in MomentumIn my analysis yesterday, I argued that once the price broke below the 2900 support zone, further downside movement was likely.
However, the price quickly recovered above this key level, prompting me to close my short trade with a minimal profit of 70 pips.
More importantly, after reclaiming 2900, Gold continued its upward movement and once again tested the 2920 resistance zone. Even more significant is the fact that the breakdown below 2900 can now be considered a false break, which could ultimately lead to a breakout above resistance.
Today, we also have U.S. inflation data, which could serve as a catalyst for such a breakout.
In conclusion, my outlook has now turned bullish, and I will look to buy on dips.
A bearish scenario would only be confirmed by another break below 2900.
As for the upside target, if 2920 is breached, we could see strong momentum this time—potentially even a new all-time high above 2955.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
WHY GBPJPY BULLISH, DETAILED ANALYSIS GBPJPY is currently trading at 192.200 after successfully breaking out of a falling wedge pattern, a strong bullish reversal signal. This technical breakout suggests the pair is set for a significant upside move, with a potential target of 195.000 and beyond. The falling wedge is known for its bullish implications, indicating that sellers are losing control while buyers are stepping in with increased demand. If momentum continues, we could see a gain of over 500 pips in the coming sessions.
From a technical perspective, GBPJPY has cleared key resistance levels and is now forming a strong bullish structure. A retest of the breakout zone around 191.500-192.000 has already provided support, reinforcing the likelihood of further upward movement. The next major resistance lies at 194.000, followed by 195.000, which aligns with key Fibonacci retracement levels and previous price action zones. If buyers maintain control, a push towards 196.000 and beyond is also possible.
Fundamentally, GBPJPY remains bullish due to the policy divergence between the Bank of England (BoE) and the Bank of Japan (BoJ). The BoE's firm stance on interest rates, coupled with the BoJ’s continued ultra-loose monetary policy, favors a stronger GBP against the JPY. Additionally, risk sentiment plays a crucial role in GBPJPY's movements, and with equity markets showing strength, the yen's safe-haven appeal weakens, further boosting the bullish case for this pair.
With both technical and fundamental factors aligning, GBPJPY presents a strong buying opportunity. Traders should watch for a sustained move above 193.000 for confirmation of further gains, with the potential to reach 195.000 and beyond. A breakout continuation could trigger even stronger bullish momentum, making this a high-probability setup for traders looking to capitalize on the trend.
EURCAD Approaching Major Resistance - Correction Incoming?OANDA:EURCAD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers step in and regain control.
If the price rejects this resistance, we could see a pullback toward 1.55000, aligning with a corrective move after the recent bullish rally. However, a clean breakout above this resistance zone would invalidate the bearish bias and could lead to further upside toward higher levels.
Traders should monitor for bearish confirmation signals, such as rejection wicks, bearish engulfing candles, or increasing selling volume, before considering short positions.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 📉
WHY NZDJPY BULLISH, DETAILED TECHNICAL AND FUNDAMENTALS ANALYSISNZDJPY is currently trading at 84.8, forming a descending channel pattern, a classic technical setup that often signals a bullish reversal upon breakout. If the pair successfully breaks above the upper trendline, we can anticipate strong upward momentum, with a potential target of 88.8, offering a gain of over 300 pips. Traders should closely monitor key resistance levels, as a breakout confirmation could trigger a significant price surge.
From a technical standpoint, the descending channel pattern indicates a series of lower highs and lower lows, reflecting a temporary downtrend. However, once price action breaks above this structure, a sharp bullish rally is often observed. The breakout zone to watch is around 85.5-86.0, with initial resistance at 86.5 before the final target of 88.8. Support remains strong around 83.5, where buyers are expected to step in if any pullback occurs before the breakout.
On the fundamental side, NZDJPY is heavily influenced by risk sentiment, global economic trends, and monetary policy differences between the Reserve Bank of New Zealand (RBNZ) and the Bank of Japan (BOJ). The yen remains weak due to BOJ’s ultra-loose monetary policy, while NZD could strengthen on improving commodity demand and a stable interest rate outlook. If risk appetite increases, NZDJPY could see further bullish momentum, accelerating the breakout.
With technicals aligning for a breakout and fundamentals supporting further gains, NZDJPY presents a strong trading opportunity. A confirmed breakout above the descending channel could fuel rapid upside movement, making this a high-probability setup for traders looking to capitalize on the next bullish wave.
S&P500 Strong Support cluster on the 2-year Channel Up.S&P500 (SPX) has been trading within a 2-year Channel Up that has made the market recover from the 2022 Inflation Crisis, taking it to a new All Time High (ATH).
The recent 4-week decline however has been an aggressive one and rightly so has sparked heightened fear to investors, especially considering the trade war fundamentals. Technically, the index just broke below its 1W MA50 (blue trend-line) and is approaching the bottom of this long-term Channel Up, a development that in the eyes of short-term traders is disastrous.
On the long-term though, this is a very strong Support level as the market seems to be repeating the Secondary Channel Up (blue) of February - October 2023. The end of this was also an aggressive correction which broke below both the 1W MA50 and 0.382 Fibonacci retracement level temporarily before starting a massive Bullish Leg. Even the 1W RSI sequences among the two fractals are similar, despite the current price action being more aggressive.
Interestingly enough, they both declined by at least -10%, so if we see the current week closing in green and by the next starting to recover, it is likely to see a similar Bullish Leg to test the -0.5 Fibonacci extension as the April 01 2024 Top did. That would give us a 6900 long-term Target, which would be a +24.75% rise from the current low, exactly identical with the rise from the April 19 2024 to February 19 2025.
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BITCOIN Cycle pattern completed. Year-end Target locked at $150kBitcoin (BTCUSD) is showing the first signs of life after nearly testing the 1W MA50 (blue trend-line) early this week. Whether this leads to a full on recovery or not, can been partially answered by this Cycle's price action so far.
Historically we do know that BTC's Bull Cycles so far tend to peak towards the end of their 3rd year and that's 2025. This Cycle has been predominantly trading within a Fibonacci Channel Up, since its very start, the November 2022 bottom. Its 1W MA50 has been supporting since the March 13 2023 break-out, so it's been exactly 2 years of holding and throughout this time period has provided two excellent buy opportunities.
As you can see, the Channel Up can be classified into two main Phases so far: each has a Primary correction (red) of more than -30% drop, followed by a rally (blue), then a Secondary correction (yellow) of more than -20%, followed by the second and last rally (blue). All rallies have so far been around +100%. Based on this model, we are now on the Secondary correction of Phase 2.
Notice that all corrections (either primary or secondary) hit or approached apart from the 1W MA50, the 0.382 Fibonacci retracement level from their previous Low. This is actually the first time that the price has marginally broken below the 0.382 Fib. At the same time, the 1D RSI almost got oversold last week (34.50) and according to the August 05 2024 (Higher) Low, this is were a series of RSI Higher Lows would be a signal of a new bottom formation.
The bottom and recovery process may take a while though, another 4-6 weeks. According to the Time Fibs (blue dashed vertical lines), each correction (whether primary or secondary) has ended at or a little before the 1.0 Fib with the 0.0 being the bottom of the previous one and 0.5 Fib the Top of the rally. Based on this, we can expect the new rally to start by the week of April 28 the latest.
So now as to how high this can get, if it repeats the 'weakest' rally of the Channel's three so far, it should rise by +95.95%, which gives us a straight price of $150000 as a Target. If the rally symmetry also holds, this should come by late September, perfectly aligning with Bitcoin's historic Cycle expectation for the final year.
Do you think that will be the case? Recovery starting within 4-6 weeks and if so, are you expecting $150k? Feel free to let us know in the comments section below!
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DXY Will Go Lower From Resistance! Sell!
Take a look at our analysis for DXY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 103.479.
Taking into consideration the structure & trend analysis, I believe that the market will reach 103.100 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SILVER Will Go Up From Support! Long!
Please, check our technical outlook for SILVER.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 33.001.
Considering the today's price action, probabilities will be high to see a movement to 33.344.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPUSD Will Go Lower! Short!
Here is our detailed technical review for GBPUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.292.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.252 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURNZD Will Go Down! Sell!
Take a look at our analysis for EURNZD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.909.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.877 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPAUD Approaching Major Resistance — Potential Sell SetupOANDA:GBPAUD is approaching a major resistance zone, highlighted by strong selling interest. This area has historically acted as a supply zone, increasing the likelihood of a bearish reversal if sellers step in.
The current market structure suggests that if the price confirms resistance within this zone, we could see further downside movement. A successful rejection could push the pair toward 2.03000, a logical target based on prior price behavior and the current structure.
However, if the price breaks and holds above this resistance, the bearish outlook may be invalidated, potentially leading to further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Lingrid | EURJPY corrective MOVEMENT from KEY Resistance ZoneThe price perfectly fulfilled my previous idea. It reached the target zone. FX:EURJPY market has formed higher highs and higher closes, yet there remains strong resistance above. On the higher time frame, the price has been oscillating between 155,000 and 165,000, and it seems to be approaching the top of this range near last year’s closing level. If we get rejection at the psychological level of 163,000, we can expect a pullback from this point. Additionally, on the daily time frame, there is a global downward trendline that the price has bounced off multiple times. My goal is support zone around 160.250
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