Bitcoin’s Struggle Continues: Key Levels to WatchBitcoin’s price action over the past two months has been frustrating, with the price stuck in a range.
The brief drop to the 90K zone following Trump’s tax announcement was quickly reversed. However, after a spike above 100K, BTC has once again been consolidating below this key level for the past two weeks.
At the time of writing, BTC/USD is sitting on newly formed support at 95K. A break below this level could lead to another test of 90K.
If bulls fail to hold the 90K support, the price could extend its decline, potentially dropping to 85K in the first instance.
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EUR/USD Outlook: Bullish Trend Intact, Next Target 1.06?In my post last week about EUR/USD, I argued that the pair could rise to 1.05 and that dips around 1.03 should be seen as buying opportunities.
Indeed, after briefly dipping below 1.03, the pair reversed to the upside and reached my 1.05 target.
Currently, the pair is undergoing a small correction and is trading at 1.0460 at the time of writing. However, my bullish outlook remains unchanged. Dips around 1.04 should once again be considered buying opportunities.
The next target for bulls could be the 1.06 resistance zone.
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.
Lingrid | GOLD Weekly Outlook: Anticipating Short-Term PullbackOANDA:XAUUSD market dropped from the resistance zone, forming a double top. The PCE inflation data triggered a pullback, leading to a 2% decline from the highs—similar to the decline we saw around two months ago. On the weekly timeframe, the price formed a long-tailed bar, signaling a rejection candle, and ultimately closed below the previous weekly high.
Additionally, the price broke and closed below the upward trendline that had supported the market since the beginning of February. This breakout suggests a pause in the bullish momentum. On the daily timeframe, the market formed an engulfing candle at the resistance zone, indicating that the price may retrace toward the 2820 and 2830 levels.
We’ve seen seven consecutive bullish weeks. Typically, after such strong momentum, the market either moves sideways or experiences a quick pullback. Given that there are few USD-related news events next week, I expect the market to potentially push lower. However, due to concerns about tariffs, there is also a chance the price could consolidate around the current zone before pushing higher. In any case, we must remain responsive to price action as it unfolds.
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Lingrid | EURUSD support LEVEL Long TRADE PotentialFX:EURUSD market has gained bullish momentum. It formed a large bullish candle on the weekly chart that closed above the previous week's high. The price appears to have completed an ABCD pattern, which often precedes a pullback. Consequently, a price dip below Friday's low and potential retest of the previous week high is anticipated. If the price finds support in this area, I think it may continue its upward trajectory, targeting the liquidity zone above the prior resistance. I expect the price move higher considering that TVC:DXY is pushing lower. My goal is resistance zone around 1.05650
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GBP/USD Rally: Is 1.28 the Next Target?In my post last week about GBP/USD, I mentioned that as long as the 1.23 support remained intact, the pair could rise toward the 1.26 resistance level and that buying dips below 1.24 could be a good strategy.
Indeed, the pair climbed to 1.26 on Friday, which raises the question—what’s next?
In my view, GBP/USD is likely to continue its ascent, with the next bullish target being the 1.28 resistance zone.
In conclusion, dips around the 1.25 support could present buying opportunities, with invalidation below 1.24 and a target at the 1.28 resistance level.
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.
Hellena | EUR/USD (4H): LONG resistance area 1.05281 (Wave 3).Colleagues, price has traveled a long distance and this could mean that price is moving in impulse. This means that the price is in wave “1” and now a correction is expected in wave ‘2’ (50% Fibonacci level 1.03264) and then I expect the upward movement to continue in wave “3” which will reach the resistance area 1.05281.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): SHORT to the area of 68.926 (Wave C).Colleagues, price has worked the downward movement perfectly, but I believe the downward movement is not over yet.
Wave “C” is a five-wave wave and now the price is in the correction of wave “4”.
I expect the price to reach the downtrend line in the area of 72.00 level, then I expect the price to decline to the area of 68.926.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | BTCUSDT Price Squeeze Builds, Signaling BreakoutBINANCE:BTCUSDT market is currently consolidating, with a sideways trend. Interest in Bitcoin appears to have waned. Looking at the broader picture, a large triangle pattern is forming, where we have lower highs and higher lows. This is particularly evident on the weekly timeframe, where an inside bar pattern formed which means a price squeezed. A potential fake break below the previous week's low could signal a price increase, potentially breaking the downward trendline and triangle pattern. Overall, I anticipate a bounce off the support level and channel border, leading to a bullish movement. My goal is resistance zone around 102500.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Hellena | SPX500 (4H): LONG to 100% Fibo lvl 6214.4.Colleagues, I believe that the upward movement is not over yet and the lower and middle order wave “3” is not yet complete. This is a good chance to go long, but it should be remembered that even though a correction to the uptrend line is possible, I do not recommend selling.
The target area is the 6214.4 level area - this is slightly higher than the 100% Fibonacci extension level.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USD/JPY Falls from 154.80 – Is 146 the Next Target?In my post last week about USD/JPY, I mentioned that the pair could resume its decline and draw attention to the 154+ sell zone.
Indeed, USD/JPY started falling after reaching 154.80 and is now trading at 151.72, which is very close to a key horizontal support level.
Looking ahead, I expect this support to break, pushing the pair below 150 and potentially down to the next horizontal support around 146.
In conclusion, my strategy remains unchanged: I will continue looking to sell rallies, with invalidation above last week’s high.
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.
Gold’s Wild Ride: From Record Highs to Sudden Sell-OffsLast week was highly volatile for Gold prices.
After reaching a new all-time high on Tuesday, the price dropped sharply by approximately 800 pips. However, it began recovering on Thursday and climbed back to the 2940 zone on Friday.
In the final hours of trading, Gold experienced another sharp decline, closing the week exactly at the 2880 support level.
These repeated sell-offs from the all-time high suggest that a deeper correction may be underway, potentially confirming a double-top pattern. If this scenario unfolds, the measured target for the drop could be around 2820.
With this in mind, I will look to sell rallies against the recent 2940 all-time high.
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.
GBPJPY TRADE IDEA FOR MONDAY📉 GBP/JPY - Bearish Setup Analysis
🔹 Pair: GBP/JPY (1H Timeframe)
🔹 Bias: Bearish 📉
🔹 Key Levels:
Resistance: 193.027 (Major Supply Zone)
Entry Zone: 191.891 (Marked Red - Potential Sell Zone)
Support Target: 189.183 (Demand Zone)
🔍 Analysis:
The market is currently consolidating within a supply zone, showing signs of distribution. A rejection from the 191.891 level indicates potential bearish momentum. If price breaks below the local support at 191.280, we could see a drop towards the demand zone at 189.183.
✅ Trade Plan:
Sell Setup: Waiting for confirmation near 191.891
Stop Loss: Above supply zone (around 192.000)
Take Profit: 189.183 (Demand Zone)
📌 Confluence Factors:
✔ Price reacting to supply zone
✔ Break of structure expected for downside move
✔ Risk-to-reward favoring short positions
Let me know your thoughts in the comments! 🔥📊
GbpUsd could continue its reboundAfter breaking above the falling trendline from the end of January, GBP/USD has entered a consolidation phase between 1.23 and 1.25.
Recently, the pair tested the support zone once more and began to rebound.
In my opinion, the upward movement will continue, and we could see a test of the next resistance above 1.26.
In conclusion, I am looking to buy dips below 1.24, with invalidation occurring on a daily close below 1.23.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BABA Alibaba Group Holding Limited Options Ahead of EarningsIf you haven`t bought the dip on BABA:
Now analyzing the options chain and the chart patterns of BABA Alibaba Group Holding Limited prior to the earnings report this week,
I would consider purchasing the 135usd strike price Calls with
an expiration date of 2025-9-19,
for a premium of approximately $14.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | TRXUSDT Bullish Setup. Potential Buying OpportunityThe price perfectly fulfilled my last idea. The market exhibited a false breakout below the prior support level of 0.2170, essentially breaching the December low before subsequently rebounding. Price then surpassed the 0.2300 level, a previously respected resistance. On the weekly chart, a long-tailed candlestick formed, suggesting a potential price movement towards the resistance zone around 0.27000. I anticipate a retest of the channel border, as historical price action demonstrates multiple bullish reversals from this area. My goal is resistance zone around 0.2535
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Lingrid | GOLD trend Continuation: BULLISH Momentum ContinuesThe price has perfectly fulfilled my previous forecast . OANDA:XAUUSD market went below the 2900 level but swiftly recovered, closing above it and creating a false break. On the daily timeframe, the market shows a liquidity grab below the previous day's low, followed by a bounce. The formation of a pinbar suggests a potential upward movement, possibly reaching at least the 2950 level. However, there's also a possibility of sideways movement around the 2900 level since the price is below the key level. Overall, I expect the price to retest the area above the ATH and then pullback. My goal is resistance zone around 2953
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Lingrid | EURUSD approaching the January High. LongFX:EURUSD is currently moving towards the psychological level of 1.05000 and the January high. On the daily chart, the price has broke and closed above the previous week's high. Since we have a weekly candle close today, I think the market could retest the area above the January high. In this scenario, the market could make a false breakout of the previous month's high, closing the weekly candle with a wick. Therefore, I expect the price to continue moving higher, with a retest of the upper boundary of the channel. My target is resistance zone around 1.05200
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Hellena | SPX500 (4H): LONG to the area of 6136.8 (Wave 3).Colleagues, I believe that wave “2” has completed its development and now I expect the upward movement to continue in wave ‘3’, which should break the maximum of wave “1”.
So far, I set the target as a minimum in the area of 6136.8.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | TONUSDT Sideways Trend PersistsOKX:TONUSDT market continues to trade sideways, with the price respecting both the downward trendline and the support zone between 3.60 and 3.70. The price has pulled back towards the level that was tested last time in March 2024. The narrowing price action suggests an eventual breakout. A break above the trendline could lead to a rally towards the resistance zone at 4.50 considering long tailed bar on the weekly timeframe. I expect an upside breakout following this period of consolidation phase. My goal is resisatance zone around 3.950
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Buy the Dips? AUD/USD Eyes 0.65 After BreakoutAs mentioned, I remain bullish on AUD/USD and expect a rise to 0.65.
Over the past 10 days, the pair has remained virtually unchanged, fluctuating within a tight 50-pip range between 0.6250 and 0.63. However, yesterday, AUD/USD showed some strength and broke above 0.63.
I believe this breakout is genuine, and we could see further acceleration to the upside. My target remains 0.65, and I will stay bullish as long as the 0.62 zone holds.
Buying dips should continue to be the preferred strategy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.