Lingrid | GOLD Weekly MARKET OUTLOOKOANDA:XAUUSD market is currently forming a triangle pattern, indicating a range-bound market. On the daily timeframe, the price remains within the range established on June 7, suggesting that a continuation of this sideways movement is possible. Following a last sell-off, I believe the market may remain range-bound, squeezed within the triangle shape, before surging upwards due to the underlying bullish trend. The price has returned to the consolidating zone, which could indicate that the market will continue trading within this range next week.
Note that this time, the bearish move was less intense compared to previous ones, but the recent bullish move was stronger. However, if the price breaks and closes below the triangle pattern, we can expect lower prices to follow. Conversely, if the market moves above the pattern, we can anticipate further upward momentum. Overall, I expect a sideways move until a clear trend emerges.
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CADCHF - Potential short !!Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for short position. My point of interest is if price fills the imbalance higher and then rejects from liquidity zone + FIBO 0.618 level + institutional big figure 0.66000. Great confluence of confirmations.
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Lingrid | EURNZD reached DEMAND zone. Potential LONGOn the daily timeframe, FX:EURNZD has reached the demand zone. The sideways movement around key level at 1.75000. This suggests that the bearish momentum has slowed down. Notice that the price action is creating a narrowing triangle pattern, which implies that the price is consolidating and preparing for a breakout. It makes sense to consider buying at the bottom and selling at the top of this consolidation zone. I believe the market is poised to break through the range zone, leading to a potential pullback on the 4H chart. My goal is resistance zone at 1.75300
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XauUsd- Still in consolidation. What could be next?After a strong 400-pip drop on Friday, which suggests that bears are still in control, OANDA:XAUUSD reversed exactly at the minor ascending trend line.
However, after reaching the lower boundary of my sell zone, the price started to roll back down and tested the trend line once more during the overnight trading session.
A price break below 2320 would confirm the beginning of a new leg down and could lead to acceleration.
As explained in yesterday's post, 2285 could be the first target for bears, with a possible extension to the 2200 zone in the medium term.
My strategy remains to sell during rallies.
Lingrid | USDCAD trend CONTINUATION OpportunityThe price perfectly fulfills my last idea. It hit the target level. The price has broken through the support levels, ending the consolidation phase and triggering a downward extension. The recent rejection candles at the resistance zone suggest that bears are gaining strength. On the 1H chart, the market is clearly in a downtrend, and I expect a further decline if the price rolls back to the resistance zone. On the 4H chart, the market is situated within a large consolidation zone, and the price is heading towards the bottom. My goal is support area 1.36210
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USDJPY Sell | Trade SetupUSDJPY is moving in an ascending channel between the trend lines.
The price has reached the resistance level, which has already acted as a reversal point.
We expect a decline.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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AGIXUSDT(SingularityNet) Daily tf Range Updated till 25-06-24AGIXUSDT(SingularityNet) Daily timeframe range. it had a retrace back close to 0.7509. it needs a little bit more volume for to break over 0.7509 clean which can later lead to 0.9955. local retrace point is at 0.4835.
Bitcoin- Could it be so simple?Yesterday, Bitcoin dropped to the crucial 60k zone and, after briefly dipping below it, quickly reversed.
Although this is a positive sign from a technical standpoint, could it really be that simple?
In my opinion, it will not be that simple.
In fact, looking at the chart, we see that Bitcoin has formed a double top pattern with the neckline just below the 60k zone.
A break below this level of support could lead to panic, causing Bitcoin to drop below 50k, where real liquidity lies.
Gold- Real break under 2300 this week?As you know, I have been bearish on gold for more than two weeks now.
Not only has this opinion remained unchanged, but it has also been reinforced by last week's price action.
As seen in the posted chart, after dropping below the 2300 zone, gold started a normal correction.
Importantly, last week, we experienced a false break above the 2340 resistance, resulting in a strong bearish engulfing pattern on our daily chart.
The week closed exactly on the ascending trend line of the correction that started after the 2385 low, and now the price is in a normal rebound.
This rebound could give us an opportunity to open short trades against last week's high.
For short-term targets, 2385 could be a good point for booking profits.
However, I am convinced that, after a clear break below 2300, gold will drop significantly and reach the 2200 zone.
GBPUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
GBPUSD moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Lingrid | BITCOIN in the PROLONGED CONSOLIDATION zoneThe daily chart shows that BINANCE:BTCUSDT remains in a consolidation zone, with the market approaching the bottom of the zone. The price is testing the global upward trendline and a key support level that has been a frequent bounce point in the past. I believe the market will likely resume its upward trajectory, given that it's simply in a sideways move. However, if the price breaks and closes below this support level, we can expect a significant drop to around 57,000. I expect the price to reject this support level and then move upward to retest the top of the range. My target is the resistance zone at 68,000.
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Hellena | Oil (4H): Short to support area 72.631 (Wave 5).Dear Colleagues, as in the last forecast I assume that the price was moving in wave “4” and is currently completing this wave.
I expect the wave to start downward movement and reach the support area (minimum of wave “3”) at 72.631. Because this movement will be the development of wave “5” in the ending diagonal.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | DJI (4H): Short to the support area 37616.32.Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | TONUSDT buying OPPORTUNITY following CORRECTIONThe price perfectly fulfilled my previous idea. It bounced off the support level and hit the target. The price of OKX:TONUSDT has reached its all-time high levels, but unfortunately, it failed to sustain above the psychologically significant level of 8.00, leading to a significant pullback of around 16-17%. This decline has resulted in a substantial correction, and I believe this pullback will lead to a period of sideways movement. On the weekly timeframe, the market remains contained within its previous week's range zone, which suggests a potential consolidation zone. While we cannot discount the impressive bullish move seen in recent months, I expect the market to consolidate for a short period before continuing its upward trajectory. My goal is the resistance zone 7.560
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
TWLO Twilio Options Ahead of EarningsIf you haven`t bought TWLO before the previous earnings:
Then analyzing the options chain and the chart patterns of TWLO Twilio prior to the earnings report this week,
I would consider purchasing the 62.50usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $5.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BB BlackBerry Limited Options Ahead of EarningsIf you haven`t bought BB on this breakout:
Now analyzing the options chain and the chart patterns of BB BlackBerry Limited prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-6-28,
for a premium of approximately $0.11.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | GBPUSD Channel Breakout. Short from RESISTANCE zoneFX:GBPUSD has broken out of upward channel and is likely to pull back to retest it. The market was previously ranging, then broke through the support level, creating a strong bearish momentum. The price has been repeatedly rejected from this resistance zone around 1.2700, forming fakeouts and long-tailed bars. I expect the market to retest this resistance zone and then roll back towards the support level from the channel border. My goal is to support level at 1.25800
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Lingrid | GOLD possible CORRECTION and trend CONTINUATIONOANDA:XAUUSD market has broken out above the trendline and key level at 2330. A double top pattern, accompanied by divergence, suggests that a correction may be imminent. Following the significant sell-off from the 2390 level, I expect the market to consolidate within the range of 2380-2350. As the price has broken out of this range zone below, it's likely to retest the broken level before making a move upwards. However, if the market retests the support area between 2330 and 2340 and rejects it, we can look for buying confirmation, because the price is currently near the resistance zone. My goal is the resistance zone around 2377.
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Lingrid | EURUSD shift in the TREND. Downward MOMENTUM continuesThe price perfectly fulfilled my last idea. It literally tanked hit the target zone. FX:EURUSD is currently forming a double bottom pattern after its recent channel breakout. On the 1H timeframe, the market has been trading sideways since the Asian session, suggesting a potential pause in the bearish momentum. Given that the markets often consolidate after significant moves, I expect the EUR to continue moving sideways for now. However, if the price pulls back to the resistance zone around 1.07400-1.07600, I anticipate a bearish trend continuation from this level. My goal is the support level of around 1.06600
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Lingrid | GBPCHF Head and shoulders PATTERN. ShortFX:GBPCHF has broken out of the upward channel, indicating a potential shift in the trend. Notably, the price has also broken the key level of 1.14000, which had held the price above for two months. Furthermore, a reversal pattern known as a head and shoulders formation has emerged, and the price has recently broken through its neckline, providing bearish confirmation. Given the fake breakout on the daily timeframe, I anticipate an impulsive decline may be imminent. I expect the price to retest the resistance zone follwed a bearish move. My goal is to support level around 1.11210
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Hellena | GOLD (4H): Short to 100% Fibo lvl 2252.844.Dear Colleagues, the news had a big impact on the price last week. I think that everyone felt these changes. My last trade went to breakeven, although it was very close to the target.
Now I believe that wave 4 is still not complete. This means that I expect further price decline to the area of 100% Fibonacci extension level at 2252.844. Of course, I expect a slight correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!