Lingrid | AUDCHF trend CONTINUATION tradeThe price has bounced off the support level and broken out of the triangle formation, indicating a trend continuation. The market is now pulling back towards a support level. FX:AUDCHF has updated its highs and broken above a level that forms a swap zone. Following the breakout from the range zone, the price is retracing, presenting an opportunity to buy. I expect a bullish trend to resume from the support level, as the market remains in an overall uptrend. My goal is the resistance at 0.60900
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Lingrid | ADAUSDT complex PULLBACK. SHORTBINANCE:ADAUSDT has been experiencing a downtrend, with each subsequent low and close being lower than the previous one. The market has been pulling back towards the round number at 0.400, which could potentially act as a significant resistance level. If the market rejects this resistance and the channel, as well as the downward trendline, I believe it's likely to continue moving down towards the support levels. However, when looking at the weekly timeframe, we see that the market has reached a demand zone and bounced off it. Therefore, I expect a only short-term retracement to occur. My target is a support level at 0.3690.
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Injective- Good buy for 50% riseBack in winter, when everyone was super bullish and the hype around some coins, particularly INJ, was incredible, I predicted that the coin could drop to 20.
Indeed, since then, INJ/USDT has dipped into that zone several times and even fell below 20 recently.
Although I don't see INJ reaching 100 or achieving the lofty multipliers that some people dream of when trading crypto, I believe this is a good opportunity for a buy trade with a potential 50% gain.
Technically, the 20 zone is now a very strong support level and also coincides with an old congestion zone, which should provide additional support.
In conclusion, I'm looking to buy around 20, and by setting a stop loss just below the recent spike down, a risk-to-reward ratio of more than 1:2 could be achieved with this trade.
EurUsd- Rise to 1.11 this summerRecently, EUR/USD found support and formed a strong base just below the familiar 1.07 level. The pair began to rise and has been in a consolidation phase since Friday's Non-Farm Payroll (NFP) report.
However, the pair is currently testing Friday's high, and a breakout seems imminent.
If this occurs, we could see an acceleration to the upside, with my medium-term target at 1.11. Interim resistance is at 1.1, and to be honest, the highs from mid-May to early June are not expected to pose much trouble for the bulls and should be broken easily.
GbpUsd could rise above 1.3After the false break of support in mid-April, GBP/USD recovered and has risen to resistance once more.
The recent correction is now over, and the price has formed a higher low at the end of June and the start of July.
At this moment, a break above resistance seems imminent, and the price could continue to rise above 1.3. The next technical resistance level is at 1.3150.
I remain bullish as long as the 1.2650 level remains intact.
XAUUSD CPI day! lets deep dive ... good evening gold gang! hope you're all well and had a great day! .. i would have loved the buys up but i just couldnt get an entry so the sells had to do from the top zone down to the newly formed liquidity .. lovely
price currently still respecting 4h trend to the upside. I have an important daily level where the trend meets to take buys from in london, only problem is the no wick candle below it which can be a liquidity target
no sells confirmation until all trend is broken below .. im still bullish so im predicting a bullish CPI .. i may change my mind as price unfolds in asia and london
lets do what we always do, turn up in session and take highly probable trades
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catch you in london
Tommy boi
COME ON ENGLAND!!!!!
Lingrid | GOLD Weekly Technical AnalysisThe release of econimic data sparked OANDA:XAUUSD surge, breaking above the previous high and clearing the previous week's high, indicating a clear upward momentum. With the market reaching the key resistance zone at 2400, I believe it's prudent to wait for a pullback before anticipating the continuation of the bullish trend. I expect a correction towards the support area between 2363 and 2370, where we can look for a buying opportunity to confirm and aim to target the liquidity zone above 2400.
On the daily chart, we finally saw price action break and close above the triangle pattern. This breakout presents an opportunity to speculate on future price action. Notably, it could potentially push above the next support level at 2550. Overall I see short-term pullbacks as buying opportunities. If we break above 2450, I expect the target at 2500 and beyond. I think there is likelihood of break through level of 2400 and continue rallying significantly. I'm willing to buy gold on any initial pullback with strong bullish momentum.
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Alikze »» WLD | Continue the downward trend🔍 Technical analysis: Continue the downward trend
- The daily frame time is moving in a descending channel.
- Currently, in the PRZ area, which had a 100 -wave fiber in the previous fiber area.
- If this area is preserved, it can first grow up to the middle of the cannon and then to increase demand to the channel ceiling.
-If the area is exposed to sales pressure, it can extend the corrective structure to fibou 1.618 the previous wave.
💎 Alternative scenario: If it is able to break the line and consolidate it on top of it, the descending channel fails to continue its growth area.
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Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Lingrid | GBPCAD opportunity to SHORT the MARKETThe price perfectly fulfills my last idea. The market is currently trading near the key resistance level of 1.7500. The price has made lower lows and lower closes, breaking through the previous higher low area. I believe the market will likely move sideways from here. Therefore, I'm looking for the price to test this zone and potentially fall from it if the market makes a fake breakout or a double top with divergence. On the 4H timeframe, the market has formed a couple of long-tailed bars, indicating selling pressure. My target is to support at 1.73675
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Lingrid | TONUSDT in the CONSOLIDATION zoneOKX:TONUSDT experienced a sharp decline, breaking through the consolidation zone and falling below the support level at 6.8. However, it managed to close above the psychologically important round number at 7.0, which may have triggered some buying interest. The price has now returned to the consolidation zone, creating a spike downwards on the daily timeframe. I expect the market to trade sideways between the 7.0 support level and the 7.7 resistance level. It's likely that the price will consolidate below the double top formation to formed triangle pattern that will show price squeeze before its expansion. My goal is the resistance zone around 7.730
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Silver Forecast: A Potential 10,000 Pip Surge on the Horizon!I understand the title may seem bombastic and possibly clickbaity, but in my view, there's a solid case for OANDA:XAGUSD potentially rising by $10 in 2024. Here's why:
Observing the chart, unlike OANDA:XAUUSD , Silver has been trading within a range for precisely a year now, failing to establish new highs. However, on a positive note, since the pandemic low, the price has been forming higher and higher bases, suggesting the potential for building upside momentum in the longer term.
From a strictly technical standpoint, as mentioned, we've been stuck in a range for over a year, with a clear resistance level around the $26 zone. If the bulls manage to break above this significant level, considering the one-year-long accumulation, I believe we could witness an explosive rise that might propel Silver to $35, with a potential pit stop at interim resistance around $30.
Bitcoin- Major false break and back to 70k after?Last week, Bitcoin broke below the important 60k support level, which coincides with the neckline of a double top.
However, after an initial drop to the 53k zone, the price quickly recovered, forming a daily pin bar and leaving a double bottom on short-term time frames.
Now, Bitcoin is back in the broken support level zone.
Considering the quick recovery, in my opinion, this will prove to be a false break, not a test and continuation downwards.
I am looking to buy dips against the recent low with a target around 70k.
GbpNzd could rise and test 2.12 resistance (1:3 R:R)Since the beginning of the year, GBP/NZD has been on an upward trajectory, making higher lows and higher highs on the daily chart.
Last week, the pair briefly dropped below support, but this was a false break, strongly reversed by Friday's price action.
Currently, a new higher low seems to be forming.
In my opinion, the pair will continue its upward movement and test the previous high around 2.12.
My strategy is to buy on dips against the recent low, aiming for a 1:3 risk-to-reward ratio.
XauUsd and my bearish scenariosDespite recent fluctuations, my medium-term bearish outlook on gold remains firm.
Last Friday’s NFP report caused a spike that hit my stop loss at 2390, leading me to temporarily exit the market.
My Scenarios:
Rise and Sell:
Gold may rise to test 2400 or higher. If it shows weakness at this level, I'll look for a selling opportunity, targeting a drop back to the support level(around 2300)
Consolidation and Drop:
If gold fails to break above the recent high, I expect a drop to support (2300), marking this new high a strong ceiling level.
Daily Time Frame:
On the daily chart, yesterday’s drop negated the NFP rise, reinforcing my bearish outlook.
If gold rises again above 2400, in my opinion it’s unlikely to hold gains, also suggesting a continuation downward.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Lingrid | AUDCAD long from the SUPPORT levelThe price perfectly fulfills my last idea. It fell from resistance zone and hit the target. FX:AUDCAD is updating its swing highs and higher lows, indicating a strong uptrend. The price broke and confirmed above the range, which formed a clear triangle pattern. Following the impulse move upwards, the price is now pulling back to retest the support level at 0.91600, which has proven significant multiple times in the past. Given this bounce-off support, it's likely that the market will continue moving upwards towards the next resistance level. Therefore, I expect a breakout and retest scenario to unfold. My target is the resistance at 0.92300
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Lingrid | EURNZD potential PULLBACK tradeThe price perfectly fulfilled my last idea. The 1H chart is showing a strong uptrend, with the FX:EURNZD having recently broken and closed above the psychological level of 1.76000. The price action had previously formed a triangle pattern, which was ultimately broken through. I'm expecting a retest of the support level and the channel border. To confirm a buying signal, I'm looking for a fake breakout of this level. My target is resistance zone at 1.76900
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Lingrid | BTCUSDT when in Doubt, ZOOM Out. Potential LONGBINANCE:BTCUSDT has dropped recently due to ongoing FUD, which is fueling further selling pressure on the price. However, upon zooming out to the daily timeframe, we can see that the price action is simply consolidating within a specific zone. On the monthly timeframe, it's clear that the price took out liquidity below the last two months' lows and bounced off the lower channel border twice. I believe the price may continue to trade sideways before dropping again towards the support zone around 52,000-53,000. The current price action looks promising, as it's duplicating the pattern from May 1, where we saw two spikes down followed by a bullish reversal, which we're seeing now. I expect the market to retest the channel border and possibly experience another move down before ultimately moving upwards. My mid-term goal is a resistance zone at 61400.00
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UsdJpy- Don't p..s against the wind!If there has been a clear trend in the past two years, it has been the devaluation of the JPY. Despite some corrections, even very deep ones, the trend has always resumed, leading to new lows for the JPY.
One of these deeper corrections occurred at the end of last year, triggered, as always, by JPY repatriation.
However, as shown on the chart, the beginning of 2024 saw the resumption of the upward move. Only the BoJ intervention at the end of April and beginning of May at the 160 level stopped the ascent.
The chart shows that the pair has been acting very technically since then, with the drop stopping and reversing precisely at the horizontal support that was previously resistance.
Since then, USD/JPY has started making higher lows again and is now trading around 160.
Only time will tell if the BoJ will be determined to defend this level but, in my personal opinion, it is better to look to buy on dips (around 158) rather than sell at this resistance, hoping for another intervention.