Lingrid | EURUSD has GAINED BEARISH MomentumThe price perfectly fulfilled my last idea. It played out nicely; it fell from resistance and hit the targeted level. On the 4H chart, FX:EURUSD has bounced off the resistance level, forming an impulsive movement. However, on the daily chart, the market has formed a large bearish candle, indicating a bearish momentum. I think it's likely that the price will pull back to the resistance zone and then continue its downward move before the major news release. If the price does pull back against the main trend, it's likely that the market will continue to move downward, as this would be a classic example of a bearish correction then trend continuation. My goal is the support level of around 1.06800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Signalservice
Lingrid | GOLD correction followed by TREND CONTINUATIONThe price perfectly fulfilled my last idea. It bounced off the entry zone. OANDA:XAUUSD is heading towards the support levels after forming a clear double top pattern. The price has already tested the 50% level of the previous Friday's range, indicating a potential reversal. On the daily chart, we see a long-tailed candle that suggests a liquidity grab above the key level of 2330, but the price failed to close above this resistance. Moreover, the market has broken out of the ascending channel, which is pullback against bearish move. I expect it to continue moving downwards. My goal is the support level of around 2290.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | EURUSD short OPPORTUNITYFX:EURUSD market has been in mess for the past couple of days, with a sharp impulse leg down followed by a swift impulse leg up. The market is currently pulling back towards the resistance zone, having recently broken out from the range zone. I believe that we'll get a clear trend direction next week. However, the market made fake breakout of the resistance at 1.08300. With another high-impact news event today, I'm expecting the market to remain range-bound, potentially even moving lower after retesting the range zone. If the EURUSD fails to break above the resistance zone around 1.0830-1.0840, we can expect a rebound from this level. My goal is the support level of around 1.07535
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURUSD SELL | Idea Trading AnalysisEURUSD is moving in a descending channel between the trend lines and Resistance area. Is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Lingrid | LINKUSDT approaching BUYING areaBINANCE:LINKUSDT price plummeted in tandem with the BTC price action, before pulling back towards its support level following a bullish extension. As we can see, the price is approaching the buying area between $13.00 and $15.00, where it's currently trading sideways. I think it's likely that the price will retest the local lows, potentially forming a double bottom pattern, which would be a bullish sign. There appears to be accumulation taking place in the $13.00-$15.00 price zone. I expect the price to react to the lower border of the channel by bouncing off and initiating an upward move.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Gold- Before CPI and FOMCAs you know, I'm strongly bearish on gold in the medium term. However, as I explained in previous posts, I expected a recovery after Friday's 1000-pip drop. The big question now is: from which level will gold start falling again?
As I mentioned yesterday, a new leg of correction is probable. At the time of writing, with the price at 2313, it seems we are in the middle of this correction. The 1-hour chart shows buying pressure, and the 2320 local resistance could be broken.
If this resistance is breached, there are numerous resistances to the upside, making it difficult to choose an optimal entry point for a short trade. However, the only zone that makes sense for a swing short trade at this moment is between 2335 and 2350. This zone is a confluence of the Fibonacci golden ratio, the 20 and 50 simple moving averages, and previous horizontal levels.
That being said, I'm currently out of the market, waiting for clarification and a clear selling signal.
Follow the idea, because I will update it during the day!
Gold- Correction over, 1k pips drop next?As I mentioned in my analysis yesterday, I anticipate a significant drop in gold prices once the current correction ends.
As expected, the price broke above the 2320 local resistance, creating a new upward correction leg. It then reversed from 2341, giving me a precise short entry.
The candlestick pattern since Friday has formed a "bearish mat hold pattern," suggesting a continued downward trend. At the time of writing, gold is trading at 2314, below the 2320 zone, which has recently acted as both support and resistance. This adds to the bearish outlook.
Confirmation of a lower high will come with a drop below the 2300 psychological level. If this happens, the technical support at 2285 will be exposed.
Furthermore, if there is a new drop to this technical support, I expect it to break, leading gold to fall to the 2250 zone initially.
Hellena | EUR/USD (4H): Long to the target 1.08144.Dear Colleagues, after such sharp moves and breaks, the wave markings may look a little strange and break some rules, but this is rare.
In this case, I still assume that all this movement is a movement in wave “2”. And it won't be long before the long awaited upward movement begins. Plus, the gaps are most often closed.
I expect that the price will push from the support area 1.07018, then come to the target 1.08144. This is the nearest target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): Long to the area of 5443 level.Dear colleagues, since the 5351 level has been broken, I believe that wave “2” has been completed, which means that wave “3”, which consists of five small waves, is currently developing.
Now I assume that either the price will continue the small wave “1”, or will form a small wave “2” in the area of 61.8% Fibonacci level, then continue the upward movement to the area of 5443 level.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EurGbp could drop hard and test 0.8From a fundamental standpoint, given the political problems in the EU, the GBP is expected to outperform the Euro, regardless of what happens with the major pairs (EUR/USD and GBP/USD).
This, combined with the technical outlook, could create a promising selling opportunity for EUR/GBP.
As shown in the chart, the pair broke a major support level this week. Considering the descending triangle pattern that has contained EUR/GBP since late January, we could see an acceleration to the downside, potentially leading to a 400-pip drop to test the 0.80 psychological support.
My strategy is to sell on rallies.
Lingrid | BITCOIN fake BREAKOUT of the SUPPORT levelBINANCE:BTCUSDT market surprised by making a sudden plunge downwards, taking liquidity below the crucial 67,000 support level. On the daily chart, the price formed a candle with a significant wick, indicating a clear rejection of this support level. I believe that the market will likely continue to move sideways, as it has been stuck in a consolidation zone since mid-May. However, I expect the market to form a double bottom or an engulfing candle pattern that will indicate the dominance of a new trend. My goal is resistance zone at 69500
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | GOLD Weekly Price ACTION AnalysisAs I discussed in my previous weekly outlook on OANDA:XAUUSD , the market took a significant hit after the NFP release in the NY session. The stronger-than-expected jobs report has sparked speculation that the Federal Reserve may not cut interest rates as soon as expected, leading to a pullback in many markets - including Bitcoin. Initially, the gold market ralled, but it struggled to break through the psychological level of 2,400 and subsequently fell below 2,300. On the weekly timeframe, the price action formed a bearish long tail, indicating potential bearish momentum. This pattern is reminiscent of a similar price action we saw last year, where the market declined for several months.
On the daily timeframe, the market appears to have formed a head and shoulders pattern. The neckline of this pattern has recently been broken, coinciding with the 2,300 level. Furthermore, this breakout also occurred on the 4H timeframe, where it marks a breakout of the upward channel. This convergence suggests that the market may be poised for further momentum in the direction of the breakout. If it breaks below 2,280, which is previous month's low; we could see a deeper correction. However, as long as we stay above 2,300, the market is in a consolidation phase between 2,300 and 2,400. A pullback could be acceptable, with a potential target of 2,200. Pay attention to interest rates, which could impact gold prices.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
VIBUSDT(Viberate) Daily tf Range Updated till 12-06-24VIBUSDT(Viberate) Daily timeframe range. holders for this one looks like not giving up as even through market dump its being solid above its local support. but PA is not very stable as wicks here and there. 0.08778 needs to hold or it will fall back to 0.06694.
Lingrid | USDJPY Potential long TRADE from SUPPORT levelThe daily chart is displaying a strong uptrend, with the FX:USDJPY having recently broken and closed above a previously tested level. This significant breach was marked by a large bullish candle, indicating that the level has gained importance. The price action had earlier formed a triangle pattern, which was eventually broken through. On the daily chart, the market is now approaching a strong resistance zone where we witnessed a massive sell-off. I'm anticipating a retest of the support level and confirmation of buying momentum before making any further moves. My target is resistance zone at 158.450
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Eth- good buying pricesAfter a month-long consolidation near its peak, ETH plunged sharply, reaching a low of 3380 yesterday.
Despite this drop, the medium-term bullish trend remains intact and this decline should be seen as an opportunity to buy at more favorable prices.
My strategy is to buy on dips, anticipating a break above 4000.
GBPAUD Sell/ShortLooking at a new rejection that seems to have been struggling to break past 1.93100 I can confirm to say this seems like a bearish downtrend that is occurring. I will take my entry now at 1.93072 with all inputs for TP and SL below. Please use proper risk management as always.
GBPAUD Sell/Short
ENTRY: 1.93072
TAKE PROFIT:
TP 1: 1.89317
TP 2: 1.86379
SL: 1.94623
Please use proper risk management upon entering this trade.
AUDJPY → Trade Analysis | SELL SetupI have two options here.. bullish continuation from here or bearish break.. Potential BEARISH move!
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity AUDJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Gold- New leg of correction before big drop?As you know from my previous posts and videos, I'm strongly bearish on OANDA:XAUUSD .
However, in my analysis yesterday, I mentioned that after such a significant drop on Friday, a correction is possible.
Indeed, after a double tap on the 2290 zone support, gold started to reverse and reached an intraday high of 2315.
There is still the possibility of a new leg of correction, which could provide bears with a good entry point for the future drop.
A good zone to watch for short entry signals is slightly above 2320.
My medium-term target remains the 2200 zone, and only sustained buying above 2350 would change my outlook.
Lingrid | BITCOIN double TOPPED. What's NEXT ? The sudden plunge of BINANCE:BTCUSDT triggered a widespread panic sell-off across the crypto market, causing a ripple effect that sent prices tumbling. As we can see, the price has formed a consolidation zone, characterized by higher lows and equal highs, indicating a potential stabilization in the market. The trend is now heading towards the support level and potentially June's month lows, setting the stage for a critical test. A fake breakout of this support level would be a strong indication of a liquidity grab, which could be a key confirmation of the market's next move. In my opinion, the price is likely to continue trading sideways, updating higher lows. I expect the market to retest the resistance level in an effort to form a third top, which would provide further insight into the direction of the market's trajectory. My goal is a resistance zone at 72000.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
LEVERUSDT(LeverFi) Daily tf Range Updated till 11-06-24LEVERUSDT(LeverFi) Daily timeframe range. while market is having hard time today compare to that its holding nicely till now. trying to get out of 0.003990 but its a strong resistance. and not very far away from price discovery, good trade opportunity their if that happens. recent retrace point at 0.003007.
Hellena | EUR/USD (4H): Long to 61.8% Fibo lvl 1.09710.Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”.
I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high.
I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710).
Then we will see what will happen next.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | NOTUSDT buying OPPORTUNITYBINANCE:NOTUSDT has pulled back to the support level, forming a descending triangle. As we can see, the price is currently testing the bottom of this downward channel and support level at $0.015. On the daily chart, we observe that price action has created a buying zone between $0.0130 and $0.0150. I believe that the price may dip slightly before creating new higher highs. My expectation is that the price will retest the swap zone, which has been consistently respected in the past. My goal is the resistance zone around 0.02048
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻