Monday Crude Oil ForecastWith no news injections today I would stay on the side lines.
We have Daily Wick level in conjunction with a 1hr FVG which if Crude Oil is substantially bearish should respect leading upto NY open and CME open.
The overall bias for me is still bearish with weekly ssl in the lower half of the charts marked with a magnet. This is the draw and what I will be waiting for / a setup to form.
You do have to stay dynamic however as the Daily candle on Friday took BSL inside of a Daily FVG.
This is respecting the bias.
EQH's where left in its wake so if the 1hr fvg and Daily wick is closed above on the 1hr TF we should start to consider that the market has other short term plans.
Stay Dynamic and if your bias doesn't match you can always stay out of the market!
Money preservation is very important.
GLGT- ;)
Signalservice
Lingrid | BITCOIN inverse HEAD and SHOULDERS patternThe price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT is currently forming an inverse head-and-shoulders pattern, indicating that the market is still in a consolidation phase. The price is currently ranging below the channel's upper border, which I believe is a sign of accumulation. This accumulation will likely lead to a breakout and a subsequent bullish move. In the meantime, I expect the price to remain above the key support level of $60,000. There is a possibility that the market may attempt to seek liquidity below this support level, but I think the most reliable confirmation of a bullish trend would be a long-tailed bar extending from the support level and trendline. Before an upside breakout, I expect the market to move sideways for a period. My goal is resistance zone at 67200.
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Lingrid | BITCOIN Best TIME to BUY. LongBINANCE:BTCUSDT experienced a drop from the resistance level, tested the support level, and rebounded successfully. The market continues to find support within the range of 60000 to 61000. Currently, the market is moving within a descending channel, but I believe it will break out and move upwards as the overall trend is bullish. There is a consolidation zone forming just below the channel boundary, indicating a potential breakout. I anticipate a pullback towards the support level, followed by an upward movement breaking through the trendline and the descending channel. Breaking out of the channel will confirm the continuation of the bullish trend. My target is the resistance level of 67500.
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Lingrid | BNBUSDT LONG afre fake Trendline BREAKOUTBINANCE:BNBUSDT remains in a consolidation phase, as evident from the daily timeframe. The price has been oscillating between 515 and 615 levels, testing the upward trendline that emerged after the recent range breakout. Following the price's rebound after respecting the upper boundary of the downward channel, we've seen a significant daily bearish candle indicating a sell-off. I believe that the market may break through the trendline and move down towards the bottom of the giant consolidation zone. If the market shows a false breakout of the support level, we can look for buying opportunities. My goal is the resistance zone at 597
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USDCAD BUY | Idea Trading AnalysisUSDCAD is trading along the rising support
And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at
Hello Traders, here is the full analysis.
Price reversal going up, levels for BUY. Great BUY opportunity USDCAD. ! GOOD LUCK!
I still did my best and this is the most likely count for me at the moment.
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Lingrid | EURUSD Higher CLOSES. Potential BULLISH moveFollowing the news, FX:EURUSD has rebounded from a support level and is now making its way towards the next resistance zone. On the weekly timeframe, we're seeing a bullish bar that broke through the previous two weeks' high, indicating a potential upward trend. This break above the key zone of 1.08000-1.08200 suggests that the price may continue to rise. As you can see, the price has not only broken above the range zone but has also closed above it, which typically acts as a strong support level. With this momentum, I'm expecting an upward move towards the strong resistance level. However, it's essential to keep in mind that today's news releases can potentially alter the market's direction in either direction. My target is the resistance level at 1.08520
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Powell's been very clear that the next move is a cut“Bears have had ample opportunity to re-take control of the trend, but ever since the low printed on the NFP report, bulls have been making their way back,” Stanley said. “This week saw a break of the falling wedge, which takes on a similar appearance as a bull flag, and this keeps the door open for continued strength next week.”
Adrian Day, President of Adrian Day Asset Management, sees the situation as fairly balanced for the coming week.
“Gold’s resilience has been very strong,” Day said, “but I suspect we will see a pullback after another assault on $2,400, so for next week I’ll go with unchanged.”
Adam Button, head of currency strategy at Forexlive.com, is concerned about Asian demand, but believes the uptrend remains in place. “Your story about the slowdown in gold buying from China has me worried, but it’s tough to argue with the price action,” he said.
“We should consider that gold quotes have been periodically updating historical highs since February,” said Alex Kuptsikevich, senior market analyst at FxPro. “We can also consider the April retreat as a correction to the area of 76.4% of the growth impulse from the minimum close of the day in February to the maximum close in April. In this case, the growth target becomes the area of $2640 (161.8% of the initial rally).”
Lingrid | AVAXUSDT long from the bottom of the RANGE zoneThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:AVAXUSDT has rolled back towards the support level, where it has been bouncing off the zone between 30-31, forming a consolidation area also known as an accumulation phase. As we can see, the price is currently testing the bottom of this range, which suggests that it may be poised to move up to the top of the range. On the daily timeframe, we can observe that price action has created a few doji candles, indicating a loss of momentum as it approaches the support level. I think that the price may drop slightly before establishing new higher lows. My expectation is that the price will retest the middle of this significant consolidation zone, which has been respected many times in the past. My goal is the resistance zone around 36.
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Lingrid | GBPAUD trend CONTINUATIONThe price perfectly fulfilled my last idea. It hit the target zone.The market has dropped from the resistance zone, characterized by a series of lower lows and lower closes. FX:GBPAUD broke through the significant level of 1.9000. Currently, the market is consolidating around this level, with a notable resemblance to its previous price action. Looking left we can notice that the market formed a range zone before taking out liquidity above the trend continuation, indicating a potential similar move. I expect the market may replicate this pattern, breaking above the previous week's high and subsequently initiating a bearish trend. My goal is the support the level at 1.88230
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Lingrid | EURUSD ranging MARKET. Potential BEARISH moveThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement as summer approaches. Looking at the FX:EURUSD chart, we can see lower highs and higher lows forming a triangular pattern. And the market is currently testing the key resistance at 1.08000 and the channel boundary. On the weekly timeframe, there is an inside bar formation, indicating potential for a fake breakout of the previous week's highs or lows that can lead to momentum. If the market breaks and closes below the previous week's low, we can anticipate a move to lower levels. My target is the support level around 1.07000.
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BIDU Baidu Options Ahead of Earnings If you haven`t bought the dip on BIDU:
Then Analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week,
I would consider purchasing the 120usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | ETHUSDT downward CHANNEL BreakoutBINANCE:ETHUSDT has broken and closed above the downward channel, marking a bullish sign. After forming a consolidation zone, it temporarily made a fake breakout before taking liquidity below the 2900 level. Currently, the market seems to be heading towards the key resistance level at 3000. I think that the market is prepared to break and close above this resistance zone. Notably, the market has also surpassed the previous two-day high and absorbed the range zone. I expect a potential rollback to the support level before moving upwards towards the key level and potentially reaching the previous week's high. My target is set at the resistance level of 3100.
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AUDNZD:🔴Sell opportunity🔴The price hit the HTF supply zone and had a bearish reaction, creating the buy-side liquidity alongside the bearish FVG in the premium, so we can expect the price to hit the bearish FVG and collect all the buy-side liquidity and then come down for sell-side liquidity.
In this scenario, I like to see speed when the price sweeps the liquidity above the old high.
As always, we need LTF confirmation to enter a sell position.
💡Wait for the update!
🗓️13/05/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
Lingrid | GOLD Weekly Pre-MARKET AnalysisThe descending triangle pattern played out perfectly in the my last weekly forecast. The OANDA:XAUUSD market has had a strong rally on the last 2 trading days and looks poised to continue consolidating in the range. The support level at 2300 remains a key level, with bulls likely to step in on any pullback. Next week attention will also be on the resistance zone just above 2400, with a potential break above signaling a move towards 2500.
The price has broken through and closed above the key zone of 2340-2350, which has been consistently respected in the past. This area can be seen as a pivotal swap zone. Analyzing the daily timeframe, we can observe a strong bullish candle forming near this level, highlighting its importance as a support area. As we look ahead to next week, I expect some consolidation below the upper border of the channel. The price was unable to close above this boundary on the 4H timeframe and has reached the Fibonacci 61.8% golden zone. These factors suggest that the market may need some time to gather momentum before potentially making a move.
I think that monetary policy decisions are expected to drive gold higher in the long run. While some noise and pullbacks may occur, the overall momentum suggests that the market will eventually push higher.
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Lingrid | AUDNZD long from the SUPPORT levelFX:AUDNZD has broken through the range zone and has created new extensions. It is currently hovering around the key level of 1.1000. The market appears to be in an accumulation phase, suggesting a potential upside move that could result in new highs. As the price consolidates, I anticipate a pullback to a support level followed by an upward move to retest the recent highs. It is likely that the market will reach the resistance on the daily timeframe. My objective is to reach the resistance zone at 1.10070.
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Monero (XMR) or Moonero?Greetings citizens of the world
Monero price today is $145 with a 24 hour trading volume of 100 million dollar. XMR price is up 0.7% in the last 24 hours and 7% since last week
Monero is the top privacy centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system and after what happened to Tornado cash more "people" use XMR.
100-110$ is the most important support level for monero so if you were long from that level take some profit because at 160 we can have a little correction but if we break 160$ then 165,170 and 179 are next targets. If you want to buy monero for long term hold, 100-120$ are good dip zone for loading some coins.
as you see XMR repeat its pattern in downtrend so there is no reason for FOMO or any crazy leverages
Lingrid | SHIBUSDT double BOTTOMEDBINANCE:SHIBUSDT market has formed a double bottom at the support level, a bullish sign that suggests a potential trend reversal. On the daily chart, a triangle formation is taking shape, which is a classic trend continuation pattern. This pattern indicates a price squeeze, where the market is building up energy for a breakout. I think the market will soon break through the downward channel and surge upward, retesting the key resistance levels. This would be a strong indication that the bull run is about to begin. In anticipation of this move, I expect the market to make a temporary pullback towards the support level before resuming its upward momentum. My target is the resistance zone at 0.00002440
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BUD Anheuser-Busch InBev Options Ahead of EarningsIf you haven`t sold BUD after the Dylan Mulvaney scandal:
Then analyzing the options chain and the chart patterns of BUD Anheuser-Busch InBev prior to the earnings report this week,
I would consider purchasing the 60usd strike price at the money Calls with
an expiration date of 2025-1-17,
for a premium of approximately $5.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold has formed a higher lowIn my Monday commentary, I stated that there is a high likelihood that OANDA:XAUUSD may have finished correcting, and indeed, the price rose to around 2330.
After this initial increase, there was a subsequent drop, but bulls regained control just above the 2300 mark.
Yesterday's price movement indicates that dips are being bought, suggesting that Gold has established a second base, which is higher than the previous one.
Confirmation of an upward trend will occur with a break above 2320. In such a scenario, I anticipate the continuation of the upward movement towards the resistance zone at 2360.
My outlook remains bullish as long as yesterday's low remains unbroken.
Lingrid | GOLD Retracement followed by EXTENSIONThe release of new data triggered a surge in the OANDA:XAUUSD market, propelling it above the critical resistance zone at 2350. This break also cleared the previous week's high, which has now transformed into a support level. In my opinion, the ideal scenario would be a retracement to the broken level, followed by a continued upward momentum. I anticipate a pullback towards the 2350 key level, where we can look for confirmation of buying opportunity aiming the round number at 2400. My goal is the resistance zone around 2385.000
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Hellena | GOLD (4H): Long to resistance area of 2358.71.Dear Colleagues, I suppose that the wave "4" of the higher order is completing its movement. I expect a possible update of the minimum and reaching the area of 2281.89 or the beginning of the upward movement to the resistance area of 2358.71.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!