Lingrid | GBPCAD trend CONTINUATION opportunity. LONGThe price perfectly fulfills my last idea. It has tanked and reached the target zone, and now the market is ranging after the new upward extension. FX:GBPCAD has broken through the resistance and is moving sideways just below the significant round number of 1.73000. I expect a classic breakout retest continuation scenario to play out. On the daily timeframe, the market is making higher highs and higher lows, indicating strong buy pressure. As the price continues to retest the round number above, I believe it's only a matter of time before we see a strong breakout to the upside. My goal is the resistance zone at 1.73650.
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Signalservice
Lingrid | GOLD Weekly TECHNICAL Analysis. Ready to SOAR to 2500?OANDA:XAUUSD surged, moving towards its next key resistance zone at the 2400 level, where it closed above it. This is a significant bullish sign, as it marks the first time in history that the market has closed above this level on the daily timeframe. The market has also formed an inverse head and shoulder pattern, which has played out nicely. According to this pattern, we can calculate a target by measuring the distance from the low point of the head to the neckline. This distance is approximately how far the price is likely to move after breaking through the neckline. As we can see, the neckline has already been broken, and the target is around the next key resistance level at 2450.
In an ideal scenario, I would expect the market to pull back to the broken level, followed by a continuation of the upward trend. If the market rolls back to the support level or previous higher high and then bounces off it, we can look for confirmation of a buying opportunity. We have two potential buying areas at 2400 and 2370. It's crucial to pay attention to the 2430 resistance level, which triggered a massive sell-off. If the market fails to close above this barrier, we may see a retest that could potentially turn into a double top and lead to a bearish move. However, current market conditions are more favorable for rising gold prices due to several factors. Firstly, the current geopolitical situation is favorable for gold. Secondly, the US is printing money, but also has significant budget borrowings, which could lead to higher gold prices. Finally, central banks around the world are actively buying gold, which is a positive sign for the metal's future.
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Lingrid | LINKUSDT moved out of the CONSOLIDATION zoneThe price perfectly fulfilled my previous idea. BINANCE:LINKUSDT has broken through the downward channel, clearing the key level at 15.00. As I examine the current market dynamics, I think it's likely that the price has formed a double top pattern on the 1H timeframe. This suggests that there's a possibility that the market may retest the support level. Additionally, on the daily timeframe, the market has escaped the consolidation zone and closed above it. Going forward, I expect a potential rollback to the support level before resuming its upward trajectory by taking liquidity below the Friday low. My target is at the resistance level 17.50.
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SE Sea Limited Options Ahead of EarningsIf you haven`t bought SE before the previous earnings:
Then analyzing the options chain and the chart patterns of SE Sea Limited prior to the earnings report this week,
I would consider purchasing the 65usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $5.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TCOM Options Ahead of Earnings If you haven`t bought TCOM before the previous earnings:
Then analyzing the options chain and the chart patterns of TCOM prior to the earnings report this week,
I would consider purchasing the 55usd strike price in the money Calls with
an expiration date of 2024-9-20,
for a premium of approximately $6.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Alikze → LINA | Pullback is broken into the swingtime D1 and W1, after supporting in the green box area and breaking the swing and pullback, it is now ready to continue growing and has the ability to move to the specified areas. The most important resistance in the weekly time is the range of 0.012210, the breaking of which and its high stabilization will continue the upward trend until the area of the weekly supply zone.
🟩Sup:0.009155
⛳️Tp 1:0.012210
⛳️ Tp2 :0.012980 - 0.013730
⛳️ Tp3 :0.027460 - 0.030520
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Alikze »» AVAX | Ready to break the necklineIn time 2W, after a complete upward cycle up to $147, it made a complex double structural correction, which corrected more than 50% of the previous wave. Currently, it is located in the important resistance area and the neck line, with its failure, it will have the ability to reach the ceiling before and after that, the first target of $515. Therefore, we can wait for the failure of the important area to continue the upward path of this currency, which, according to the momentum, will have the ability to break the specified range.
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Lingrid | EURUSD testing APRIL HighsThe price perfectly fulfilled my last idea. The market took off and hit the target. FX:EURUSD has broken through the previous day's high, moving higher as it tests the strong resistance level of 1.09000. This is the same zone where the market tanked, setting up an April high. The price has now reached the upper border of the channel, making a 1-2-3 extension, and has formed a tweezer top reversal candlestick pattern. This pattern suggests a fake breakout of the weekly high, which is the April high. I'm expecting a short-term pullback from the channel border. My target is the support level around 1.08280
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Lingrid | BITCOIN breaking through the Descending CHANNELThe price perfectly fulfilled my last idea. It reached the target zone. On the 1H timeframe BINANCE:BTCUSDT saw a significant breakout as the price surged through the downward channel, ultimately closing above the strong resistance level at 65000. It appears that the bulls' momentum may be slowing down, as yesterday's upward move was substantial. The next potential barrier could be at 67000 or above. I expect a potential pullback before the market continues its upward trajectory. On the weekly timeframe, the price has broken through its previous two-week highs. Meanwhile, the daily chart reveals a large bullish candle, which has created a buying area between 63000 and 65000. I expect the price to move up to 69000. My target is the resistance zone at 67900.
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Lingrid | SHIBUSDT more BULLISH Moves are IncomingThe price perfectly fulfilled my previous idea. BINANCE:SHIBUSDT went up and hit the target level. The market surged upwards, breaking through the range zone and closing above it. This move has resulted in a series of updated higher lows, with the highs becoming increasingly similar, indicating a growing buying pressure. As the price continues to move upward, it's heading towards the resistance zone that originated from the swap level. I'm anticipating a potential retest of the key zone around 0.000030, as well as the upper border of the channel and trendline. My target is the resistance at 0.000027.
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Lingrid | AUDJPY pullback to SUPPORT and trend CONTINUATIONThe price perfectly fulfills my last idea. It hit the target zone. The market has surged, closing above the previous lower high, and is now testing the key resistance level at 104.00. The recent pullback has took liquidity beneath the crucial support level of 103.00, ultimately leading to a new upward extension. On the daily timeframe, the bullish trend is evident, and any pullback would be an excellent opportunity to enter a long position. I expect a retracement to support the level, followed by a bullish extension towards the channel's upper border. My goal is the resistance at 104.490
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EURAUD Sell/ShortEURAUD seems to have been forming on the daily a perfect second leg for W formation to reverse and go bearish from here. A perfect bearish doji is being formed and we can clearly see that the next stop is bottom support. Please use proper risk management upon entering the trade!
EURAUD Sell/Short
ENTRY: 1.66453
TAKE PROFITS:
TP 1: 1.66186
TP 2: 1.61633
SL: 1.66978
Alikze → ETC | Completing wave B correctiveIn time D1, with an ascent in the form of three waves, it is out of density with several spike candles. According to the type of behavior and structure, if the current correction moves in the form of three waves, two scenarios can be considered for it.
The first scenario: the upward corrective movement will continue to the $28 area and then to the $25 area as a higher correction and will not touch the previous floor, which, if supported, will have the ability to grow to the specified area of the supply zone.
Second scenario: the correction to $28 continues and then the C wave correction should break the $25 area and at least the bottom of the spike candle will continue.
🟩Sup:25$
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GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Please see our updated 1H chart we have been tracking since Sunday with only the retracement range Goldturn updated with current data.
Our chart idea has played out perfectly inline with our plans to buy dips with the move up from the retracement range all the way into hitting all our Bullish targets we highlighted on Sunday.
2408 is our final potential target but not one to chase all the way that's why we always state the extended target as potential. However a retest on the 2393 Goldturn with a cross and lock will solidify this target.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2365 - DONE
2379 - DONE
EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS
2393 - DONE
POTENTIALLY 2408
BEARISH TARGETS
2346 - DONE
2337 - DONE
EMA5 CROSS AND LOCK BELOW 2337 WILL OPEN THE SWING RANGE
SWING RANGE
2321 - 2305
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Lingrid | SOLUSDT range BREAKOUTRecently, BINANCE:SOLUSDT broke out of its range zone and surpassed the 155 level, indicating a significant bullish signal. This breakout is even more impressive given that it has been consolidating within a narrow range for the past month. The market's ability to break through its previous week's high suggests a potential upward momentum. Yesterday's close was particularly strong, with a large bullish bar forming, indicating a buying pressure. If the market to pulls back to the broken level and rejects it, we can expect the current trend to continue. My target is the resistance zone at 175.
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Crude - Testing the waters...We saw our weekly target hit yesterday,
I have a hunch as on the Daily we are constantly going back to the middle of the range that bsl of some form is in the eye of the market before we would want to move down.
I ask myself.... Why would we want to go all the way back (weekly ssl level) if we have been here and raided Sell Stops... If I was the market I would want some breakfast first before I head down for lunch and dinner right?
So for PRE 0930EST im watching to see if price respects the 4hr FVG's.
This will indicate some bsl to be taken.
Lingrid | NZDUSD short from RESISTANCE zoneThe market's correlation with EUR is evident, and FX:NZDUSD is currently testing a key resistance zone on the weekly timeframe. The momentum has stalled in this area, with candles displaying a contraction. This zone has been tested multiple times in the past, each time resulting in a lower price action. Given the market's overextended state, I expect a pullback from this zone. Furthermore, we have a recent two-legged move upwards. Usually this type of move leads to correction. My target is the support level at 0.60510.
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Lingrid | GOLD Correction followed by New EXPANSIONThe price perfectly fulfilled my last idea. It hit the TP. We've seen a retest of the level, followed by a continuation scenario in the market. On the 4H timeframe, OANDA:XAUUSD has bounced off the trendline and support level at 2350. If the price breaks down through this trendline, we can anticipate a high likelihood of sideways movement. However, if the market remains above the key support and trendline, I think there is a potential retest of the strong resistance at 2400. I expect a correction to the support level where the impulse movement originated, and then look for buying signals. My goal is the resistance zone around 2385
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Lingrid | AUDUSD trend CONTINUATION formationThe price perfectly fulfilled my last idea, and it went down to support level and hit the target. FX:AUDUSD has broken through the triangle formation, a classic trend continuation pattern, and it is now making higher highs and higher lows. The market is persistently testing the resistance zone at 0.66500, and I think it's only a matter of time before it's breached. I expect a pullback to the range zone or triangle pattern, followed by a continuation of the current trend. The daily timeframe shows a bullish long-tailed bar, which suggests that the price will continue to rise. My goal is the resistance zone at 0.67200
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Alikze »» TONCOIN | Corrective scenario of ending wave 3💎 In the daily and weekly time, it is moving in an ascending channel, and currently the current wave of the 3rd ascending wave has started from the bottom of the channel.
💎 Scenario 1: Currently, it is placed in an important resistance, which according to the shaded area in the confirmation of its correction process, we can wait for the candle to confirm that this correction can continue until the green box area, which is also in the midline of the channel.
💎 Therefore, it is not recommended to buy at the moment and you should wait for the range break to continue the process.
🔔 Scenario 2: otherwise, correction should be seen up to the green box area. In case of a break, this upward trend can continue up to the channel ceiling.
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Alikze »» LPT | Ready to correct up to the support zoneIn time 1h, it is moving in an ascending channel, which is currently in the specified supply area, and has tried to break the range twice.
According to the structure, it can have a correction up to the green box area.
💎 In addition, if it meets the demand and can break the area, it can continue the route to the roof of the channel.
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Hellena | EUR/USD (4H): Long to resistance area at 1.08843.Dear Colleagues, I believe that the price is in the impulsive movement of the senior wave “3” and in the junior corrective wave “2”.
Therefore, I expect the price to correct to the area of 50% - 61.8% Fibonacci levels at 1.07217, then I expect the upward movement to continue and reach the resistance area at 1.08843.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Crude Oil WednesdaySo as per previous forecast for Crude we are bearish bias.
We have come to the weekly wick ce again and come CME or NY open I am anticipating a retracement that respects the FVG marked in the chart... Sure sometimes price might 'mowhawk' above like sense says.
Be patient and wait for price to make a MSB on at least the 5min before using your entry model to target the INTERNAL SSL as your main objective.
If price wants to get outlandish then the WEEKLY SSL'S are the next POI.