Lingrid | SOLUSDT possible BULL Trap in the MARKETSBINANCE:SOLUSDT market made a false breakout of the previous resistance zone before dropping significantly. Like many other markets, it sold off and fell below the key psychological level of 200. Although there was a daily long-tailed bar formed at the support level, the price did not test the area below the January low. Thus I think the recent bounce off the support level could be a bull trap. As a result, I anticipate another sell-off that may push the market towards the 150 level, where it could find substantial support and price surge. My mid-term goal is support level at 167
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Lingrid | GOLD Weekly PRICE Action ANALYSISOANDA:XAUUSD reached an all-time high this week, testing the zone above 2800 and maintaining an upward trajectory, as I noted in my last weekly post. January candle closed strongly above the 2024 high, indicating a strong bullish momentum in the market. Any pullback at this stage could present a prime opportunity to go long, if this doesn't turn out to be a false breakout of last year's high.
However, on the daily timeframe, the formation of a long-tailed bar suggests a potential rejection at this resistance level, indicating the possibility of a pullback. Additionally, on the weekly timeframe, we can observe a closing below the psychological level of 2800 and weekly candle tail, which hints at potential selling pressure above. Overall, I anticipate the market to continue bullish movement, potentially reaching resistance zone of 2830-2850, which seems achievable unless the price action indicates otherwise.
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Market Analysis for US30 (Sell)US30 has broken through the fair value gap, confirming a strong bearish momentum and aligning perfectly with our trading strategy. This setup indicates a market imbalance correction, creating an optimal sell opportunity. With price action showing rejection from key resistance levels, we anticipate further downside movement. Stops are placed above the FVG for risk control, and targets are set at the next support zone. This is a textbook example of our strategic approach to capitalizing on market inefficiencies.
Market Analysis for nas100 (Sell)nas100 has broken through the fair value gap, confirming a strong bearish momentum and aligning perfectly with our trading strategy. This setup indicates a market imbalance correction, creating an optimal sell opportunity. With price action showing rejection from key resistance levels, we anticipate further downside movement. Stops are placed above the FVG for risk control, and targets are set at the next support zone. This is a textbook example of our strategic approach to capitalizing on market inefficiencies.
EURCAD - Sell Setup at Clear Resistance ZoneOANDA:EURCAD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to reversals. If the price confirms rejection through bearish price action, such as wicks signaling rejection, I anticipate a move downward toward the 1.49600 level.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside.
Proper risk management is essential, given the possibility of price breaking higher.
This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!
Lingrid | EURUSD Gaps Down. Short Opportunity The price perfectly fulfilled my last idea. It hit the target level. The February candle opened with a significant gap. Typically, when a gap occurs, the price tends to fill that gap, and this time may be no exception. If FX:EURUSD does fill the gap, it could present an opportunity to short the market. Given that the market opened near the previous month's low, I believe it may consolidate above that level before moving lower or filling the gap and then continuing its downward movement. It seems likely that the price will form a range zone during this time. I expect the market to at least retest the previous monthly low and the area below it. My goal is support zone around 1.01300
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Lingrid | BTCUSDT decline Continues amid BEAR pressureThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT is currently making a downward move, breaking and closing below the key level of 100,000 and cosolidation zone. The price also broke and close below the upward channel, which indicates a shift in momentum. If we zoom out we can see that it continues to test the area above the 90,000 level, and it may soon move below this zone. Overall, aftert bullish move in November the sideways movement persists, and I expect that the market could dip below the January low. My goal is support zone around 89,000
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Lingrid | GOLD Possible Short-Term PULLBACK from KEY ResistanceThe price perfectly fulfills my last idea. It reached the target level. OANDA:XAUUSD market moved above the previous year's high and reached the psychological level at 2800, confirming the expectation from yesterday. Currently, the price is moving sideways at this resistance zone, and it's possible that we may see a short-term pullback in this area, despite the daily timeframe showing a close above the previous ATH. With upcoming high-impact news, it's essential to remain vigilant. I expect the price to continue consolidating at this level, likely trading between 2770 and 2800, especially as we approach the monthly close. This consolidation may lead to further volatility once the market reacts to the news. My goal is support zone 2775
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Lingrid | NZDJPY price CORRECTION. Short TRADE OpportunityFX:NZDJPY market has pulled back after retesting the support level, but overall the price is making lower lows and lower closes, indicating bearish dominance. The recent pullback against the major trend presents an opportunity to short the market. The price is currently testing the consolidation zone, which often acts as both support and resistance, and I expect the price to drop from this resistance zone and also from the upward trendline. My goal is support zone around 86.800
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Lingrid | TONUSDT bearish PRESSURE. Possible ShortRecently the crypto market experienced a short-term selloff, but was able to recover and gain bullish momentum. However, OKX:TONUSDT has deviated from this trend, as it continues to form lower highs without creating significant bullish momentum. Furthermore, it has broken and closed below the psychologically important level of 5.00, which suggests bearish pressure. On the weekly timeframe, TON has formed a bearish pinbar, indicating selling pressure, and may retest lower levels as a result. I expect the price to move support zone at 4.00. My goal is support zone around 4.430
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Lingrid | EURUSD resistance ZONE Rejection. Potential SHORTFX:EURUSD market pulled back towards the support level, only to surge above the previous week's high before reversing course. This sudden move effectively rejected the psychological level of 1.0500. Furthermore, the market broke and closed below the upward trendline, a that support the price for 2 weeks. Given the high-impact news scheduled for today, we can anticipate some increased volatility and potential spikes. In light of this, I believe the market will retest the resistance zone, paving the way for a bearish move. My goal is support zone around 1.03425
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Lingrid | TRXUSDT continues to MOVE Sideways in the RANGEBINANCE:TRXUSDT market is currently making higher highs and higher lows. However, it continues to oscililate around the key level at 0.2500. On the weekly timeframe, the price action is within a consolidating zone, meaning it is trading within the previous weekly range. As the price has now reached the top of this consolidation zone, there is a potential for a reversal. Given this context, I expect the market to move lower from this level, as it hits resistance at the top of the consolidation zone and channel border. My goal is support level at 0.2450
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Lingrid | GOLD Weekly Market Technical AnalysisOANDA:XAUUSD market closed above the November high. On the weekly timeframe, we see four bullish candles, with last week showing acceleration as the price approached the resistance zone. When testing this zone, the price did not react sharply, indicating that sellers may not be ready to act in this area.
On the weekly chart, we have a strong close with a bullish candle with small wicks. However, the daily timeframe presents a slightly different picture: the price tested the resistance zone and then pulled back, forming a tail on the daily candle which suggests a potential shor term roll back. Nevertheless, it failed to close below the November low, demonstrating bullish strength.
With the Federal Funds Rate decision scheduled for next week, the market may move sideways at this level until Wednesday. It appears that the price has reached this level in preparation for a potential move either up or down, depending on the economic data that is released. Overall, I expect the market to trend higher following this pullback.
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Lingrid | GOLD anticipating VOLATILITY on FEDs Rate dayThe price perfectly fulfilled my previous idea. It almost reached the target. OANDA:XAUUSD bounced off the swap zone and is moving toward the resistance zone. With the FED rate decision today, we can expect increased volatility in the markets. On the daily timeframe, the price has formed an inside bar pattern. A breakout above the Monday high or below the Monday low is likely to determine the next move. I anticipate that today could see significant swings, and I expect the price to move higher, potentially testing the all-time high level. If the price closes above 2790, we could see a continuation of the current trend. Conversely, if the price forms a false breakout of the resistance zone, we may experience some sell-offs in the market. Overall, I expect the price to move toward the liquidity above the ATH level. My goal is resistance zone around 2800
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EURGBP - Bearish Setup at Key ResistanceThe EURGBP pair is approaching a notable supply zone, where sellers have previously regained control and driven prices lower. This area has historically acted as resistance, suggesting the potential for bearish continuation.
A confirmation of selling pressure, such as a bearish engulfing pattern or multiple rejection wicks at the resistance level, would increase the likelihood of a downward move. If the selling momentum materializes, the price could target the 0.83586 level.
What are your thoughts on this outlook?
Lingrid | SUIUSDT potential Trend REVERSAL. Long from SUPPORTBYBIT:SUIUSDT market retraced to the support level before rebounding, having taken liquidity from below the psychological level of 4.00. This move was also accompanied by a fake breakout of the previous week's low, indicating a potential reversal in sentiment. On the daily timeframe, a clear long-tailed bar formed at the support level, signaling rejection and a bullish sign. Looking left, we can see that the price has bounced off this support level twice before highlighting it as an area of interest. I anticipate that the price will continue to rise from this area. My goal is resistance zone around 4.60
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Lingrid | GOLD complex PULLBACK in Trending MARKETAs I mentioned yesterday, the price has completed an ABCD pullback towards the daily low. The market made a fake breakout of Thursday's low before bouncing off the support level. Given that the market made a complex pullback, there is a chance it may have entered a consolidation phase in anticipation of the upcoming FED rate cut decision. Looking back at the period from November 1 to 5, we can observe a similar pattern where the price moved sideways between 2730 and 2750 before dropping ahead of the Fed's decision. However, considering the current bullish momentum, I believe the market may push higher and potentially test the 2800 level this week. My goal is resistance zone around 2770
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Lingrid | CHFJPY short from RESISTANCE zoneThe price perfectly fulfilled my previous idea. It reached the target. The price pulled back to the resistance level after a bearish move, but failed to break above the 172.000 level, forming a false breakout. I think that if the price falls below the trendline, it may retest the recent lower low level. Looking at the daily timeframe, we can see that the price action is forming a large triangle pattern, and it appears to be poised for a downward move. In addition, the price squeeze is likely to lead to a breakout, so I expect the market to move lower. My goal is support zone around 170.000
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