Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will
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Lingrid | GBPAUD counter TREND trading OPPORTUNITYThe price perfectly fulfills my last idea and reached support level. The market is approaching the March high, a key resistance area where the price has bounced off in the past. I expect that if the resistance rejects the price again, it may lead to a pullback down to test the support level. This could manifest as a double top or bearish divergence, indicating a potential reversal. In anticipation of this short-term pullback, I'm looking for a counter-trend opportunity to enter at the resistance zone and channel border, setting up for a potential entry point. My goal is to support level at 1.93570
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Lingrid | DOGEUSDT bounced off the DEMAND zoneBINANCE:DOGEUSDT formed a double top at the resistance zone and subsequently pulled back. On the weekly timeframe, the market bounced off a demand zone, resulting in a large bullish candle. On the daily chart, it created another bullish long-tailed bar at a support level, indicating significant buying pressure. When we zoom out, we can see that the market has respected the 0.1300 zone in the past. The price has surged from this support area twice before, which suggests that a break and close above this level could be a very bullish sign. I anticipate that the market to pull back temporarily before continuing its upward trajectory. My goal is previous resistance at 0.14400
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Bitcoin- Buy and hold on dipsIn my recent BTC post, I mentioned that the break below $60,000 is most likely a false one.
This proved to be correct, and the price has returned towards the important $70,000 zone.
At this moment, BTC could enter a correction phase from the recent upward movement.
This correction should be seen as a buying opportunity, potentially leading to a new all-time high this year.
XAUUSD Tuesday's trade ideas. Good evening gold gang i hope you are well! ... 2 losses today trying to catch buys! the fundamentals were wrong from the war to rise gold .. instead we got bearish price action due to the president so all day we fell until hitting the marked out 4 hour zone. I couldnt take that buy as id already lost 2 which is my daily limit
Whats happening tomorrow?! .. well the 1h EG zone respecting will provide further bearish action with a potential target of algo level.
a break above 2412 area will be good for the buys confirmation but with no news until wednesday, im not sure we will achieve that.
lets have a better day tomorrow gang!! im looking forward to it already
have a good evening, catch you in london
tommy
Gold could go down furtherIn my analysis yesterday, I mentioned that gold could drop below $2400, and indeed it did. After touching the support zone around $2390, the price reversed to the upside.
However, the bulls seem weak and unable to sustain the price above $2400, with the price now pressing against the support.
A break below this level looks probable, and the price could drop further to the important support at $2350. My strategy is to sell rallies above $2400.
BX Blackstone Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BX Blackstone prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $6.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold could drop back under 2400Last week, gold reached a new all-time high, almost hitting $2500.
However, the market started to reverse on Wednesday, and XAU/USD finished the week at $2400, forming a large pin bar on our weekly chart.
On the short-term chart, we also see that the recent ascending trend line has been broken, which also has bearish implications.
In my opinion, gold will drop below $2400, and selling rallies should be a good strategy.
Lingrid | EURUSD potential long TRADE from the SUPORT zoneThe market has pulled back, with bears pushing the price towards the support zone. FX:EURUSD has pulled back from its resistance zone, forming a long-tailed bar on the weekly timeframe, which suggests that a deeper pullback is possible. Currently, the market is trading sideways, forming a box. Below this box, we have a confluence area that includes a support level at 1.08500, a channel border, and a trendline. Given that the price has bounced off this level before, I believe it's likely that the market will move up from this area. Overall, I expect the price to head higher, possibly retesting the recent resistance zone above, considering that the overall trend remains bullish. My goal is resistance around 1.09180
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
XAUUSD All eyes on the open! big news!! Good evening gold gang, its that time once again ... market open. THIS TIME its different with big news coming from the war and president Biden pulling out of the race .. its gonna get spicy this week
Price finished up last week and the weekly support so technicals are pointing bullish .. war news bullish too but Biden news will be good for dollar i would imagine so that would be bearish for gold
there is a nice 4h zone below current price right now which may get tapped at the open in order to buy from but that will be shown at the open at 11pm uk time
im expecting a bullish week! .. but as usual we just react to current price in session and take the crumbs the big boys leave behind
lets have a monster week like we did last week gold gang
hit the like button if you BELIEVE
catch you in london
tommy
BTCUSDT Headed for more than 7% Drop?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:BTCUSDT
Bitcoin is currently trading below the EMA90 line, indicating a bearish trend . The breakout from the rising wedge formation further confirms this downtrend. Additionally, the momentum indicator has revealed an MACD bearish crossover, reinforcing the negative sentiment . This crossover, marked by the MACD line crossing below the signal line, underscores increased selling pressure and suggests a potential downward movement. Therefore, these combined technical signals collectively suggest a continuation of the bearish trend, with our initial target set at 58,093 or potentially dropping further to the second target at 55,742.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin."
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Alikze »» ORDI | Pullback to the broken area.?🔍 Technical analysis: Pullback to the broken area.?
- It is moving in a downward channel in the daily and 4H time frames.
- In the previous post , price reversal zones were identified, which after hitting PRZ-3, the price reversed and corrected the price up to the set targets.
- At present, according to the downward behavior and structure, the price correction can be continued.
- Therefore, if this price reversal cannot lead to the failure of the region, this reversal can be a pullback to the broken structure.
- So, we expect that the price will face selling pressure in response to the supply, first the price will be corrected to $25 and then the price correction will continue until the green box.
💎 Alternative scenario: if the price can break the supply range and stabilize above it, it can navigate the second movement path and move up to the red box range and the ceiling of the descending channel.
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BINANCE:ORDIUSDT
Lingrid | NZDUSD formed NEW LOWER low. ShortThe price perfectly fulfills my last idea. It hit the target level. The price is making new lows after breaking out of the range zone, and the main trend remains bearish. I believe the price may continue to fall if it makes a fake break at the resistance zone and downward trendline. If this scenario plays out, I expect the price to drop from the resistance zone and retest the support level as well as channel border. My target is support 0.59800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | BTCUSDT channel BREAKOUT. BULLISH signThe price perfectly fulfilled my last idea. It reached the target zone. BINANCE:BTCUSDT has broken out of its downward channel and closed above it. Moreover, the price has also broken and closed above the psychologically important level of 60,000, which has been a resistance level since the beginning of July. With this development, there is a high likelihood that the market will pull back from the current resistance levels.I believe that the market may retest the channel as well as the round number of 60,000 before continuing its upward momentum. If this happens, I expect the market to retrace back to the support level before making another bullish move. My target is resistance zone at 66,800
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Lingrid | GOLD buying OPPORTUNITY following RETRACEMENTYesterday's news release triggered a decline in the price during the New York session, suggesting it may take some time for the price to reach the 2500 level. The market has already pulled back by one-third of its initial bullish rally, and I believe it may be entering a consolidation phase, potentially forming a trend continuation pattern such as a triangle. The support zone between 2400-2410 could present an opportunity for traders who missed the initial bullish rally to go long if the price action presents bullish signal. I expect a retest of the resistance zone at 2450 from this support level as the price is losing bearish momentum. However, if the market continues to decline, the next significant support level would be at 2380. My target is resistance zone at 2449.
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Lingrid | USDCHF trend CONTINUATION tradeThe price perfectly fulfills my previous idea. It hit the target. FX:USDCHF has broken through the support level at 0.89000 and the range zone, triggering a significant drop. The market has since rallied back up to this level after impulse move down. If the price forms a rejection candle at this resistance zone, it may indicate that the downward trend is likely to continue. Given that the overall market trend is currently in a downtrend, I expect the price to either fall from this resistance level or re-test the range zone then move down. My goal is support level 0.88415
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Lingrid | TONUSDT consolidation CONTINUES. Potential longObserving the OKX:TONUSDT , we can notice that most significant price movements tend to occur over the weekends. Recently, the price has formed a double bottom and tweezer bottom candlestick pattern, which is a bullish indication. The price has bounced off a key support level, creating an upward channel. Since the price action has been moving sideways within a range zone established at the beginning of July, I anticipate continuation of the consolidation until we see clear trend. I think that the market may pull back to the support level before reversing and moving upwards. My target is resistance zone around 7.445.
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Lingrid | GOLD approaching the RESISTANCE level at 2500The price perfectly fulfilled my previous idea. It hit the target level. The market has continued to rally, breaking through a strong resistance zone that has since become a support level, resulting in higher highs and higher closes. Yesterday's daily candle was extremely bullish, and any retracement within the daily range presents an opportunity to buy. As the price approaches the 2500 level, we may see a sharp decline around this zone, which warrants caution. I expect the price to pull back to the broken level before resuming its upward trajectory My target is resistace level at 2495.
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Lingrid | AUDUSD trend CONTINUATION tradeThe market has broken out of its range zone and is now making new highs, characterized by higher highs and higher lows. On the 1H timeframe, the market has made an equal low, indicating a potential bounce. I believe the market may pull back to the strong support level at 0.67000; taking liqudity below the EQL, then move up followed by a continuation of the bullish trend. With the market gaining bullish momentum, I think it's likely to push upwards, potentially retesting the resistance level above the 0.68000 psychological level. My goal is the resistance zone at 0.67900
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.