Lingrid | AUDJPY potential Channel BREAKOUT. LongThe price perfectly fulfills my last idea. FX:AUDJPY fell from resistance, tested the support level, and bounced off it. Currently, the market is in a descending channel, but I think it will break it and go up because the major trend is bullish. Overall, on the 1H timeframe, the price action is in the consolidation zone after a volatile week. I expect a pullback toward the support level, then an upward move by breaking the trendline and downward channel. The breakout of the channel is going to signify the continuation of the bullish trend. My goal is resistance at 102.900
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Gold- Has it bottomed out?After reaching the all-time high in mid-April, OANDA:XAUUSD , as normal, began to correct lower.
As I correctly anticipated at that time, it dropped by 1,000 pips and fell below 2300.
However, around the 2280 level, which I had previously highlighted, bulls entered the market and pushed the price up every time it dipped in that zone.
Friday's NFP report brought significant volatility, with a daily range of over 500 pips. Nonetheless, the market closed above 2300 once again.
The inability to drop below the 2280-2290 support zone could indicate a bottoming process. With the long-term trend strongly bullish, further growth can be expected in the future if this support holds.
Confirmation of a bottom would come with a daily close above the 2320 zone.
In this scenario, the next resistance to watch for is the 2355-2360 zone.
However, if bulls fail to maintain the 2280 level, a sharp drop could follow, especially considering the high number of stop losses placed below this zone.
GOLD MONTHLY CHART LONG RANGE ROUTEMAPHey Everyone,
Our last update on our monthly chart. we completed all our Bullish targets after breaking out of the ascending channel
We then stated that we also need to keep in mind the detachment below highlighted in circle and may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing range zone tested long term.
Since then we had the anticipated correctional drop, as you can see from the wick on last months candle but not enough to complete the full detachment.
The new month candle has now opened and in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range
Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above.
We still remain Bullish and will only safely take buys from support levels.
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!
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Lingrid | ETHUSDT potential BREAKOUT of the channelThe price perfectly fulfilled my previous idea. It hit the target level. As we can see, BINANCE:ETHUSDT is moving sideways in the giant range zone. The price took liquidity below the April low, forming a fake breakout of the strong support level. It broke and closed above the key level at 3000. I think the price might pull back to the support level, then move higher and keep making HLs. A breakout of the downward trendline is going to be a bullish sign, and we expect the price to retest the recent March highs. My target is the previous resistance zone at 3350.00
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Lingrid | BITCOIN long from the BOTTOM of the RANGE zoneThe price hit the target level, but at first it went up before falling downward. BINANCE:BTCUSDT is still in the consolidation zone on the daily timeframe. The market is heading towards the support level, which is the fourth approach to the support level. I think that in order to see a real bullish move, the price has to go below the 60000 key level. It is testing the previous monthly lows. The perfect scenario would be if the market forms a fake breakout of the PML. I expect the market to move upward from the bottom of the range. My goal is a resistance zone at 66500.00
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Lingrid | AUDCHF buy at the BOTTOM of the RANGEThe price perfectly fulfills my last idea. The market is moving sideways below the strong resistance zone at 0.6000 after making an impulse move. FX:AUDCHF updated its highs and higher lows; it broke a level that forms a swap zone. The market is basically in a consolidation zone, and it makes sense to buy at the bottom of it. If the market pulls back to the support level and presents an opportunity to buy, then we can go long in anticipation of the further bullish move. I expect growth from the support level because the market is in a in a bullish trend. My goal is the resistance at 0.59900
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Lingrid | EURUSD choppy MARKET. Potential LONGThe market bounced off the support level by taking liquidity below the previous day's lows after news came out. Bears could not push FX:EURUSD lower, meaning that we can expect a deeper pullback upside. The market trend is still bearish on the daily timeframe, and above that, we have strong resistance levels. TVC:DXY made a double top on the daily timeframe and closed with a massive bearish candle, which suggests that it might move to a to a lower level. Another scenario for the market is a sideways move until the NFP. Overall, I expect a choppy market, and if the support level holds, the price may retest previous-week highs. My goal is the resistance at 1.07700
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Hellena | EUR/USD (4H): Long to resistance area of 1.07923.Dear Colleagues, I suppose that the price has completed the correction and is now in an impulsive movement. Presumably in wave “3”, which means that the upward movement will continue. A small correction to the support area of 1.06595 is possible, then I expect the price in the resistance area of 1.07923.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Alikze »» USDCAD | Head and shoulders patternIn the 4h, 1h times, it has been moving in a downward channel, which has now hit the specified resistance level after exiting the downward channel and is associated with selling pressure. Two behavioral scenarios in 4h time can be imagined for it.
💎 The first scenario: if it returns with a resistance level, if it does not have the ability to break the zone, it can continue to the support level of the correction that an OB has caused the price to jump.
💎 Second scenario: considering that it has left the descending channel, this return can be considered as a pullback to the broken descending channel, but to continue the path, it must break the resistance level and Fibo 61.8 for the target. Otherwise, the first scenario will be likely.
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Alikze »» AUDUSD | Pullback to broken structureIn the 1H time frame, due to the fact that he took an ascending guard and moved to the bottom area of the previous range, and this return can be considered as a pullback to the broken structure, and now by creating an OB in the specified area, it can create demand In return, move to the specified areas of supply areas.
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Lingrid | LINKUSDT Accumulation PHASE. LongBINANCE:LINKUSDT pulled back toward the support level after a bearish impulse move. As we can see, the price is from the range zone. It is currently moving sideways between the bottom and top of the range. I think the price may retest the local high and break out of the channel, which is going to be a bullish sign. Basically, there is accumulation in the 13–15 price zone going on. I expect the trend to continue from the support level and breakout of the downward channel. My goal is resistance zone 15.300
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Lingrid | GOLD pullback to RESISTANCE and FALLThe market went further down from the resistance after news releases. The price responded poorly to the key level at 2300. We did not have a strong upward move, which indicates that bulls are not ready to buy at these levels. On the daily, OANDA:XAUUSD formed an inside bar formation, which can be seen as a triangle pattern in lower timeframes. I think the market might move downward to complete the two-legged pullback I mentioned in my weekly post. I expect the market to continue moving toward lower prices, breaking through the support trendline. My goal is the support level at 2270
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GbpUsd at an important junctureIn my posts over the past month and a half, I've maintained a bearish stance on $FX:GBPUSD. However, despite reaching a low of 1.23, the pair reversed course and climbed back to 1.25+, failing to meet my prediction of reaching the 1.2 zone.
Currently, GBPUSD is trading at 1.2540, marking a crucial point for this pair. While I typically don't present multiple scenarios for a trade, it's important to consider both possibilities at this juncture.
1. If the pair drops back below 1.2450, it would indicate a continuation of the downtrend and bring my initial target back into play.
2. Conversely, a rise above 1.26 could signal further gains, potentially pushing the pair towards 1.28.
Technicals On Crude Post FOMCWednesday we saw Crude make a nice substantial move downwards as the previous forecasts have shown.
A large range day isnt normally followed by another day with a extremely large range and you can think of it like a runner running 800meters and couples minutes later having to run another race shortly after... energy needs to be recouped.
I am staying bearish and would like to see the Daily FVG and PDL liquidity taken and Daily FVG to be filled/spiked to.
30min fvg CE aligns with Daily ifvg which I believe should hold price lower.
Watch these levels post NY open.
Lingrid | DOGEUSDT monthly DEMAND zoneBINANCE:DOGEUSDT reached the demand zone at 0.120. The market bounced off the support level and made a new high in March. The price has returned to this area. If the price stays above the key support at 0.12, most likely there is buying pressure. From the high price, the market made a -47% correction, which might be a good zone to consider buying. If it breaks and closes above 0.13, there is a high chance the market will retest the upward trendline and channel border. My goal is resistance at 0.15
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Lingrid | GOLD fake BREAKOUT Support LEVELYesterday, the market responded news reports by rebounding from the support level. It formed a fake breakout of the previous week low. I think the OANDA:XAUUSD might pullback toward the round numeber at 2300 then move upward. Since we have another upcoming news today, there is a chance that the price may roll back. Basically, I expect the price to continue moving sideways. However if the market reject the support level the price might go toward the resistance zones. My goal is resistance at 2335 from the support level.
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Lingrid | AUDCAD retest of the RESISTANCE zoneThe market is updating the swing highs and higher lows. On the 4H timeframe, it's approaching the two resistance zones. The market usually tests the level, which is higher or lower. FX:AUDCAD broke and closed above the swap zone, and it broke the key level at 0.89500 because the price respected the level multiple times before. The market is ranging after an impulse move upward. It bounced off support and most likely will go up toward resistance from the support level and downward trendline. My target is the resistance at 0.89960
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Gold cound continue down after correctionAs I mentioned yesterday, following the substantial decline observed on the last day of April, OANDA:XAUUSD could potentially rise and test the resistance zone around 2315.
Indeed, Gold rose even further to the 2330 zone before beginning to decline once more.
In my view, the medium-term trend for Gold has shifted to bearish, and I anticipate a new decline below 2300 following this rise.
My strategy is to sell rallies with a target around the 2270-2280 support range.
Lingrid | BNBUSDT consolidating MARKET. ShortBINANCE:BNBUSDT has been consolidating over the month now. It is heading toward the bottom of the consolidationg zone. As you can see, the market made impulse leg. I think the market might move down to retest lower prices down to 500. We can expect the market to retest the previous month low from the trendline and swap zone. If the price rejects the resostance zone by forming long tailed bar or engulding candle then we can look for confirmation to short. My goal is the support level at 520.00
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Alikze »» DOGE | Wave 3 of 3 big bullsIn the weekly time after a three-wave correction in the range of the green supported box. Currently, it has a three-wave upward movement that has completed a complex combination correction in the form of wave 2 and is currently in wave 3 of 3, wave C or 3 big. Therefore, I expect it to touch the specified targets on the chart after the supply zone is broken according to its strength.
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Lingrid | GOLD potential SHORT from STRONG LevelThe price perfectly fulfilled my last idea. It played out nicely and hit the target. OANDA:XAUUSD is pulling back towards the resistance zone after breaking the strong level at 2300. The market is forming a bearish flag formation, as I mentioned in my weekly forecast. Today we have high-impact news, so I think it might continue moving downward if DXY moves up. If the market rejects the resistance zone at 2300–2310, then we can expect a rebound from it, potentially retesting the support level. My goal is a support level of around 2255.000
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Lingrid | EURAUD opportunity to SHORT from the KEY LevelThe price perfectly fulfills my last idea. The market fell from the resistance zone and hit the target level. FX:EURAUD fell from the range zone and pulled back to it. The price updated its lower lows and closed below the key level at 1.65000. The market rejected this resistance zone multiple times before, as you can see. I expect it to fall from the resistance level if the price makes a fake breakout of the resistance zone and upward trendline area. My goal is the previous support level at 1.63800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻