Lingrid | EURUSD pulled back to CONSOLIDATION zoneAfter the recent news reports, the market rolled back to the consolidation zone. Now, it's heading towards a significant resistance level, but it's not looking likely to break above Monday and Tuesday's highs. In fact, I think FX:EURUSD will likely bounce back and fall, as the market has been stuck in a range for some time. On the 4-hour chart, the price is currently testing the global downward trendline. The market has bounced off it a few times, building momentum in the process. My prediction is that the market will fake out above the resistance level, only to then fall back down towards the support level. My gaol is support at 1.07370.
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Bitcoin- Bullish Engulfing on retestAs I mentioned a few days ago, BITSTAMP:BTCUSD has broken above the descending resistance level of its downward channel. This breakout could signal the end of the recent correction.
Following the initial climb to the critical horizontal level at 65k, Bitcoin experienced another drop, testing the previously broken resistance level, which this time acted as support. Yesterday, we observed a strong bullish engulfing pattern at this level.
These are positive indicators for bulls, suggesting potential further upward movement in price. The key level to monitor is 65k, and a breakout above this level could pave the way for a new all-time high in the near future.
My outlook remains bullish.
Correction for alts is probably overFor the past two months, CRYPTOCAP:TOTAL3 has been undergoing a correction. This correction was anticipated for many altcoins and, importantly, is very healthy for the market.
Upon closer analysis of the chart, it becomes evident that this correction does not signify a trend reversal.
Total3 halted its descent around the 600T zone, which does not represent very robust support.
I anticipate a fresh upward movement from many altcoins, potentially propelling Total3 to reach the 850T mark.
Lingrid | BITCOIN made deeper PULLBACK BINANCE:BTCUSDT formed a range zone and broke it downside. The market is heading towards the round support level of 60000. If you look at the monthly timeframe, you'll see that price action is testing 50% of the previous weekly candle. I think the market will bounce off the support level and move upward toward the channel border. This support level was respected many times before, so there is a is a higher chance that the market will respect the level again. I expect the market to retest the channel border as well as the middle of the range zone. My goal is a resistance zone at 63500.00
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Lingrid | BNBUSDT trend CONTINUATIONBINANCE:BNBUSDT recently broke the key resistance level at 600. The market is probably going to consolidate below the strong resistance and then break through. However, on the 4H timeframe, the market was moving sideways. It broke the top of the range, then retested it, indicating potential trend continuation. On the weekly timeframe, the market formed a massive long-tailed bar, which shows buying pressure. If the market breaks the previous week's high, then we might have a bull run. My goal is resistance zone 615 - 620
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EurAud could rise 400 pipsRecently, FX:EURAUD breached the 1.63 support level. However, after reaching a low of 1.6220, the pair swiftly reversed, indicating a false breakout.
Over the past three weeks, the pair has formed a falling wedge pattern, hinting at a potential reversal to the upside. Confirmation of a bullish scenario would come with a break above the descending trend line. In the medium term, EURAUD could ascend and retest the recent high at 1.6680.
I maintain a bullish stance on this pair as long as the recent low remains unbroken.
Lingrid | GOLD price CONTINUES to MOVE SIDEWAYSOANDA:XAUUSD price is still moving sideways. The market is bouncing between range boundaries. The bulls failed to push the price higher at the top of the range, which might be a sign that the market will move to the bottom of the range. The market, as you can see, is consolidating around 2300 because the price usually moves sideways at key levels, which is basically the accumulation phase before the distribution. I expect it to go down to retest the support level and probably the downward channel border as well. My goal is the support level at 2283.
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Lingrid | EURUSD rejection of the RESISTANCE zoneSince Monday, the market has slowed down. We have only had 50 pip moves since then. The price formed quite bearish bars on the daily timeframe. Also, there are two candles with long tails, which is a sign of the level rejection. FX:EURUSD broke and closed below the small range zone; it broke through the support level at 1.07500 after attempting to break the resistance. Today we have upcoming news that potentially can move the market, and I think it will go down to test the previous weekly open, and possibly the market will seek liquidity below it. My goal is to support around 1.06900
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EurUsd- 1.07-1/0720 zone, line in the sand for future directionSince the beginning of the year, FX:EURUSD has been in a downtrend. Despite occasional reversals from the lows, a broader examination reveals a pattern of lower highs.
Recently, once again, EURUSD reversed from the 1.06 zone low, but its ascent was halted just below the descending trend line, followed by a resumption of the downward movement.
Moreover, the recent rise forms a bearish flag pattern, further reinforcing the overall bearish sentiment.
Key support lies at the 1.07 zone, and a breach here could initiate a new downward movement. Subsequently, the next significant support levels are at 1.06 and 1.05.
My bearish outlook persists as long as the price remains below 1.0820.
Silver- Rise towards 30usd In my earlier analysis of OANDA:XAGUSD , I emphasized that bulls ought to monitor the price action closely, as Silver's correction might have concluded and previous resistance could now serve as support.
As anticipated, following a double Pin Bar formation in that area, Silver's price began to ascend, currently trading at 27.60, around an interim resistance level.
Given the bullish trend and the broader market structure, I anticipate a breakthrough above this level, leading to a continuation towards the $30 mark.
However, if the price falls below yesterday's low, it would temporarily halt this bullish scenario.
Lingrid | BITCOIN closed above the KEY levelThe price perfectly fulfilled my last BINANCE:BTCUSDT idea. On the daily timeframe, the market closed above the key level. It basically made a false breakout, then formed a big, long-tailed bar on the weekly timeframe. This shows bullish dominance. I think if the market does not lose momentum, it could potentially reach a strong resistance at 73000. If you go lower in the 1H timeframe, the price action forms an ascending triangle and breaks upside, which is a trend continuation pattern. I expect the market to move higher and retest the highs. Another bullish sign is a trendline breakout. It broke and closed above the trendline, indicating a trend shift. My goal is a resistance zone at 69500.
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Lingrid | DOGEUSDT rolled back to RANGE zoneThe price perfectly fulfilled my last idea. BINANCE:DOGEUSDT formed a double top at the channel top, then rolled back to the support level at 0.14. On the weekly timeframe, it created a long-tailed bar, which indicates buying pressure. The market might retest 50%–61.8% of the weekly candle. If the price bounces off through the support zone at 0.13-0.14, we can anticipate a bullish move, updating the higher highs. On the daily timeframe, the market formed an inside bar pattern, and currently it's near the Saturday low zone, where we had a price surge. My goal is resistance at 0.16660
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Lingrid | EURAUD new EXTENSION. Short from the RESISTANCE The price perfectly fulfilled my last idea. FX:EURAUD fell from resistance and hit the target. The market broke through the support level, making a new extension downward. The price updated its lower lows and closed below support level 1.64000. The market is rolling back to the resistance zone. The price is pulling back to a level that was tested multiple times before. I expect the price to fall from the resistance level because the market has bearish momentum. My goal is a support level of around 1.62200
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Lingrid | EURUSD reached SUPPLY zoneThe price perfectly fulfilled my last idea. It hit the target. The price reached the supply zone, where we had massive sell offs. EURUSD moved higher after breaking through the range zone. It is testing the key resistance at 1.08000 and channel boundery, which is essentially a downward trendline. The price will most likely move sideways since there is no news coming out today. The market formed a long tail, which represents sell pressure. I expect a pullback from the resistance and channel border if we get a confirmation, like a fake breakout. My goal is the support level around 1.07200
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Alikze »» AUDUSD | Corrective wave of the ascending channel!According to the previous analysis, after correcting to the first green box area and making a buy OB, an uptrend started at the red box area.
💎 But in the 1h time frame, it is moving in an ascending channel, which is currently in the supply zone, which can be determined to be a swing zone or a trading node, which is around the middle of the channel, considering that a candle has created a strong buying demand spike. It is also possible to make corrections.
💎 In addition, in the event of a break in the first correction zone, it can continue until the bottom of the channel and the OB of the rising wave and the explosive start of the recent movement.
💎 If the behavior and structure of the post changes, it will be updated.
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Alikze → USDCHF | Failure of the trigger lineIn time D1, it is moving in a descending channel. According to the type of structure and behavior after the break of 1.618 fibo, the previous wave is currently continuing its upward path after the pullback. The type of corrective structure is not observed in that micro wave and it has good momentum (according to the behavior of the dollar index #DXY , this bullish return wave will have the ability to grow to at least 100% of the previous wave, which should be considered as the neck line in the previous post as the invalidity of the analysis It should be mentioned that the bullish scenario will be strengthened) so it will have the ability to grow up to the specified limits and then the previous supply area.
0.89507-0.90611
🟩Sup: 0.88333-0.87890
⛳️Tp1: 0.89507
⛳️ Tp2 :0.90611-0.92012
⛳️ Tp3: Supply range (0.94-0.95220)
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Hellena | SPX500 (4H): Long to 100% Fibo lvl 5209.Colleagues, in the coming trading week I expect the uptrend to continue after the formation of corrective wave “2”, which I expect in the area of 50% Fibonacci level 5025.
After that I expect the beginning of the formation of wave “3”, with the aim to reach 100% of the Fibonacci extension level 5209.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today buying dips inline with our trading plan and route map.
Yesterday we hit our 2305 Bullish target and 2321 confirmed with ema5 lock, giving us plenty of time to get in for the action.
We also had ema5 lock above 2321 opening the next range upto 2346. However, it was a big gap and we also needed to consider the retracement range, which is still untested this week so far.
Today we remained Bullish from dips and having the gap above gave us the confidence to buy dips today. Please also see our 4H chart below, which also had our first bullish target hit, followed with the support it provided today for the bounce.
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
2305 - DONE
EMA5 CROSS AND LOCK ABOVE 2305 WILL OPEN THE FOLLOWING BULLISH TARGETS
2321 - DONE
EMA5 CROSS AND LOCK ABOVE 2321 WILL OPEN THE FOLLOWING BULLISH TARGET
2346
BEARISH TARGETS
2285
EMA5 CROSS AND LOCK BELOW 2285 WILL OPEN THE SWING RANGE
SWING RANGE
2259 - 2240
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 potential SURGE to KEY levelBINANCE:SOLUSDT broke and closed above the downward channel, which is a is a super bullish sign. It formed a double bottom. The price tested the strong support level at 120.00. You can see the market also broke and closed above the key level at 150.00. I think that the market is ready to move and retest the March highs. The market formed a long-tailed bar on the weekly timeframe, which means there is buying pressure. My target is a resistance below the key level at 180.00
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Lingrid | GOLD Weekly TECHNICAL AnalysisAfter a volatile week, the OANDA:XAUUSD market managed to close above the crucial support level of 2300. Despite several attempts to push lower, the market remained volatile, fluctuating up and down. The job numbers fell short by approximately 60K jobs. Currently, it appears that the market is in a state of uncertainty as it tries to determine its next direction.
On the daily timeframe, the price made a fake breakout of the previous day's low, forming a fakey pattern, indicating a false breakout of the triangle formation. In my previous weekly outlook, I had anticipated a flag pattern, but the price action is currently suggesting a falling wedge formation. A breakout of this pattern could potentially lead to a bullish move. Upon zooming out, it becomes evident that the market has been in a consolidation phase for the past 2 weeks, with trading likely to continue within the range of 2280 to 2350. Overall, I anticipate a rise in price, with a retest of the range's upper border possible if the market breaks through the downward trendline.
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Lingrid | GBPNZD breakout of the UPWARD channelThe market bounced off the resistance zone, making an impulse move. FX:GBPNZD reached a strong weekly resistance and formed a bearish candle, which suggests that the market is most likely to pullback toward the support level. The market failed to make a new high after three attempts to break the resistance zone, which indicates the bulls are running out of breath. I expect the market to fall from the local resistance zone toward the support level and breakout of the upward channel. My goal is a support level of around 2.07000
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VALE Options Ahead of EarningsAnalyzing the options chain and the chart patterns of VALE prior to the earnings report this week,
I would consider purchasing the 12usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $0.79.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SQ Block Options Ahead of EarningsIf you haven`t sold SQ before the previous earnings:
Then analyzing the options chain and the chart patterns of PSQ Block prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $5.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.