Lingrid | MATICUSDT tested June 2022 HISTORICAL Support LEVELBINANCE:MATICUSDT has reached the demand zone that was last tested in June 2022. The market formed a long-tailed bar on the weekly timeframe, indicating level rejection and a potential bullish move. Additionally, it broke and closed above the accumulation zone, which is another positive sign. I believe the market may rise to retest the resistance if the price remains above the 0.400 level. I expect it to break through the channel and continue its bullish trajectory. Keep an eye on the closure for August, as the price action on the monthly chart is creating another significant long-tailed bar. My goal is the resistance at 0.500
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Gold Hits New ATH Amidst Volatility: Preparing for a Correction?If you’ve been following my analyses over the past 10 days, you’ll know that I’ve maintained a bullish outlook on gold, anticipating a rise above 2500.
Although last week was marked by strong volatility, and two of my long trades didn’t hit their targets—one closing at break-even and the other with a modest 40-pip profit—the overall outcome has been quite satisfactory, with gains totaling around 600 pips.
Looking ahead, while the overall trend remains strongly bullish, I now expect some correction. As shown on the posted chart, the price reached the resistance of the channel in which gold has been trading recently.
After hitting a new ATH yesterday at 2530, the price encountered significant volatility, likely due to profit-taking, which often signals a temporary top.
As I highlighted in an update during yesterday’s trading session, the key level for bulls to watch is around the 2505 zone. A break below this level could lead to a decline towards the crucial support at 2480.
With this in mind, I’m looking to sell rallies against yesterday’s high, targeting the 2480 level.
Lingrid | GOLD retracement and TREND Continuation POTENTIALOANDA:XAUUSD is currently experiencing a pullback after a strong bullish move. The support area between 2485 and 2500 presents a opportunity to take a long trade, particularly if the price shows bullish signals, such as a fake breakout. I expect a retest of the resistance zone from this support zonel, as the price action appears to be forming a complex pullback. However, it's important to note that there is still a possibility of the price dipping lower, especially since, on the daily timeframe, we have a bullish candle wth a long wick. My target is resistance zone at 2529
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Lingrid | EURUSD short-term pullback from the RESISTANCE zoneThe price has successfully reached the target zone outlined in my previous forecast. FX:EURUSD is currently approaching a weekly resistance level that was last tested in December 2023. Given that this resistance level previously experienced a bearish reversal, we can anticipate a potential short-term pullback or choppy price action in this area. I expect a likely fake breakout above both the channel border and the resistance level, which might result in a short term correction in the market. My goal is the support level around 1.10500
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EurUsd- Buy dips should remain the strategyIn a previous EUR/USD analysis, I mentioned that the pair could reach the 1.11 resistance zone. Yesterday, the single currency indeed climbed to a high of 1.1088 against the dollar and is currently consolidating its recent gains.
The trend remains strongly bullish, and the trading strategy should continue to be "buy on dips." The ideal entry point for this strategy is the 1.1020-1.1030 confluence support zone, with a target of the 1.11 zone, at least for now.
GOLD SHORT LONG RESULTSGOLD (signals from August 13, 2024
always read the instructions)
1st call short
TARGET 1 DONE
88% LEV X 100
17% LEV X 20
2nd call (as a signal to cover losses in case of SL)
TARGETS 1 2 DONE
156% LEV X 100
37% LEV X 20
congratulations for all followers
RODDY 01:
trading is not easy, there are difficult and even uncertain times but with a lot of courage and strategies we always end up going up. We don't guarantee to win all our trades, but we win over 75% of our trades, and you win them with us if you follow the guidelines. SL, portfolio management, plan B to close losses, etc etc
le trading n'est pas facile, il y a des moments difficiles et meme incertains mais avec bcp de courages et des strategies on finit toujours par remonter.
nous ne garantissons pas de gagner tous nos trades, mais nous gagnons plus de 75% de nos trades, et vous les gagnez avec nous si vous suivez les consignes.
SL, gestion de portefeuille, plan B pour fermer les pertes, etc etc
Lingrid | GBPCHF breakout followed by PULLBACK and ContinuationFX:GBPCHF is currently making lower lows, indicating a bearish trend. Recently, it reached the 50% retracement level on the daily timeframe and is now near significant resistance at 1.12500, along with the upper border of the channel. The price action has been in a consolidation zone since April but it has broken through it. Currently, the market is pulling back to retest the lower border of that consolidation zone. I believe we are witnessing a classic breakout-pullback-continuation scenario. The last two daily candles are doji candles, suggesting indecision in the market. If the price breaks below the lows of those doji candles, we could see an impulsive leg down, confirming the bearish sentiment. My target is support level at 1.09875
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Lingrid | EURUSD Identifying PULLBACK Continuation ScenarioThe price perfectly fulfilled my last idea. After breaking out of the consolidation zone, the market is now approaching the next significant resistance level. FX:EURUSD has closed above the critical level of 1.1000 on the daily timeframe, and the market is currently pulling back to this level. With high-impact news on the horizon, we can anticipate an increase in market volatility today. Given the prevailing bullish trend, I expect the market to experience a rejection in the form of a long-tailed bar below this psychological level before continuing the upward movement. My goal is the resistance level at 1.10715
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SYSUSDT(Syscoin) Updated till 19-08-24SYSUSDT(Syscoin) Daily timeframe range. it had a huge retrace from its local low. but selling pressure took over and failing to takeover above 0.1470 will trap above level bag holders. staying over 0.1470 can give PA another chance to push. recent support at 0.1006.
BABA Alibaba Group Holding Limited Options Ahead of EarningsIf you haven`t bought the dip on BABA:
Now analyzing the options chain and the chart patterns of BABA Alibaba Group Holding Limited prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $2.38.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | EURUSD Continuation of the CURRENT TRENDThe price perfectly fulfilled my last idea. FX:EURUSD is approaching the resistance zone and is currently consolidating after breaking out of the 1.1000 level. The price has not yet broke through the previous resistance, which suggests that it may be forming a triangle pattern. I believe the market will seek liquidity below this psychological level before bouncing off the upward trendline. If the price rejects a support level, it is likely that the market will rebound from it and the upward trendline, especially considering the presence of a long-tailed bar on the weekly chart, which indicates a potential for further bullish movement. My goal is the resistance zone around 1.11000
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LISTAUSDT(ListaDAO) Updated till 17-08-24LISTAUSDT(ListaDAO) Daily timeframe range. fairly new price action here so it do have opportunity's from both sides. now its trying to cross over 0.4371. need a valid close for that. not so hold up above it, if it can push through. recent retrace point at 0.2866.
Lingrid | USDJPY pullback TRADE. ShortThe price perfectly fulfilled my last idea. It hit the target level. FX:USDJPY has been pulling back all week after the massive sell-off. It has retraced 38.2% on the daily timeframe. The price action initially broke above the previous week's high but then pulled back below it, effectively taking liquidity above that level. Additionally, the price has reached both the channel and the downward trendline. Typically, the market tends to consolidate after an impulsive move, so we can expect a sideways movement below the psychological level of 150.000. My target is support level at 144.660
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M Macy's Options Ahead of EarningsIf you haven`t sold M before the previous earnings:
Now analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week,
I would consider purchasing the 17usd strike price Calls with
an expiration date of 2024-8-30,
for a premium of approximately $1.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.