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GBPJPY TRADE IDEA FOR MONDAY📉 GBP/JPY - Bearish Setup Analysis
🔹 Pair: GBP/JPY (1H Timeframe)
🔹 Bias: Bearish 📉
🔹 Key Levels:
Resistance: 193.027 (Major Supply Zone)
Entry Zone: 191.891 (Marked Red - Potential Sell Zone)
Support Target: 189.183 (Demand Zone)
🔍 Analysis:
The market is currently consolidating within a supply zone, showing signs of distribution. A rejection from the 191.891 level indicates potential bearish momentum. If price breaks below the local support at 191.280, we could see a drop towards the demand zone at 189.183.
✅ Trade Plan:
Sell Setup: Waiting for confirmation near 191.891
Stop Loss: Above supply zone (around 192.000)
Take Profit: 189.183 (Demand Zone)
📌 Confluence Factors:
✔ Price reacting to supply zone
✔ Break of structure expected for downside move
✔ Risk-to-reward favoring short positions
Let me know your thoughts in the comments! 🔥📊
GbpUsd could continue its reboundAfter breaking above the falling trendline from the end of January, GBP/USD has entered a consolidation phase between 1.23 and 1.25.
Recently, the pair tested the support zone once more and began to rebound.
In my opinion, the upward movement will continue, and we could see a test of the next resistance above 1.26.
In conclusion, I am looking to buy dips below 1.24, with invalidation occurring on a daily close below 1.23.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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 135usd strike price Calls with
an expiration date of 2025-9-19,
for a premium of approximately $14.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | TRXUSDT Bullish Setup. Potential Buying OpportunityThe price perfectly fulfilled my last idea. The market exhibited a false breakout below the prior support level of 0.2170, essentially breaching the December low before subsequently rebounding. Price then surpassed the 0.2300 level, a previously respected resistance. On the weekly chart, a long-tailed candlestick formed, suggesting a potential price movement towards the resistance zone around 0.27000. I anticipate a retest of the channel border, as historical price action demonstrates multiple bullish reversals from this area. My goal is resistance zone around 0.2535
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | GOLD trend Continuation: BULLISH Momentum ContinuesThe price has perfectly fulfilled my previous forecast . OANDA:XAUUSD market went below the 2900 level but swiftly recovered, closing above it and creating a false break. On the daily timeframe, the market shows a liquidity grab below the previous day's low, followed by a bounce. The formation of a pinbar suggests a potential upward movement, possibly reaching at least the 2950 level. However, there's also a possibility of sideways movement around the 2900 level since the price is below the key level. Overall, I expect the price to retest the area above the ATH and then pullback. My goal is resistance zone around 2953
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | EURUSD approaching the January High. LongFX:EURUSD is currently moving towards the psychological level of 1.05000 and the January high. On the daily chart, the price has broke and closed above the previous week's high. Since we have a weekly candle close today, I think the market could retest the area above the January high. In this scenario, the market could make a false breakout of the previous month's high, closing the weekly candle with a wick. Therefore, I expect the price to continue moving higher, with a retest of the upper boundary of the channel. My target is resistance zone around 1.05200
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Hellena | SPX500 (4H): LONG to the area of 6136.8 (Wave 3).Colleagues, I believe that wave “2” has completed its development and now I expect the upward movement to continue in wave ‘3’, which should break the maximum of wave “1”.
So far, I set the target as a minimum in the area of 6136.8.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | TONUSDT Sideways Trend PersistsOKX:TONUSDT market continues to trade sideways, with the price respecting both the downward trendline and the support zone between 3.60 and 3.70. The price has pulled back towards the level that was tested last time in March 2024. The narrowing price action suggests an eventual breakout. A break above the trendline could lead to a rally towards the resistance zone at 4.50 considering long tailed bar on the weekly timeframe. I expect an upside breakout following this period of consolidation phase. My goal is resisatance zone around 3.950
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Buy the Dips? AUD/USD Eyes 0.65 After BreakoutAs mentioned, I remain bullish on AUD/USD and expect a rise to 0.65.
Over the past 10 days, the pair has remained virtually unchanged, fluctuating within a tight 50-pip range between 0.6250 and 0.63. However, yesterday, AUD/USD showed some strength and broke above 0.63.
I believe this breakout is genuine, and we could see further acceleration to the upside. My target remains 0.65, and I will stay bullish as long as the 0.62 zone holds.
Buying dips should continue to be the preferred strategy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold- Is the correction over?Yesterday, gold dipped to a low of 2864; however, this drop was quickly reversed as bulls took control, pushing the price back above 2900. This raises the question: is the correction over?
The daily candle formed a Pin Bar, which could be a strong indication that the correction has ended.
Currently, the price is trading around 2913, with the key support level for bulls at the 2890 zone . As long as the price remains above this level, we can expect the uptrend to continue, potentially leading to a new all-time high.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Lingrid | USDCHF potential BEARISH Breakout of Upward ChannelThe price perfectly fulfills my previous idea . FX:USDCHF price has declined from the resistance zone. On the 4H timeframe, the market trend appears to be sideways. The price action is moving within an ascending channel, and I anticipate that the price will break below this channel and move to lower levels, especially given the formation of a double top and the apparent rejection of bullish momentum. On the daily timeframe, the price is oscillating between 0.91600 and 0.8400 levels. My expectation is that the market will retest the previous month's low. My goal is to support 0.89850
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | XRPUSDT coiling Up: Prolonged COSOLIDATION ZoneFollowing the significant sell-off from the resistance zone at 3.40, BINANCE:XRPUSDT continues to consolidate. The price is currently squeezed above the 2.00 level, leading me to believe a breakout is likely. The market has already made a fake breakout of the January low, and a retest of this level is possible. Looking left at price action, this support zone has been respected previously. I anticipate the market will bounce off the channel border and the upward trendline. On the weekly timeframe, the formation of a long-tailed bar suggests that the price might move sideways for some time before the next significant move. My goal is resistance zone around 2.70
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Hellena | Oil (4H): SHORT to the 70.00 support area.Colleagues, the situation is quite complicated, so I assume that the price is in a combined correction. At the moment I expect the completion of wave “B” in the 77.00 area, then the completion of wave “C” in the 70.00 support area.
Complex compound corrections are always quite unpredictable, so I recommend not to forget about SL and lot calculation.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold Price Analysis: Is a Deeper Pullback Coming?Since the beginning of the week, I have been writing that although the overall trend remains bullish, Gold is due for a correction.
Indeed, after a blow-off top to a new all-time high of 2943, the price started to decline and reached the confluence support zone at 2885.
At the time of writing, the price has returned to this support level, and there is a high probability of a break below this level, leading to a continuation of the correction.
In such a scenario, traders could anticipate a test of the 2840 support zone.
My strategy is to look for selling opportunities on rallies above 2900.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Lingrid | GOLD capitalizing on the PULLBACK. Potential LONG The price has perfectly fulfilled my previous forecast . It quickly reached the target zone, surging and testing the area just below the next key resistance level above. The rapid pullback from the resistance suggests that we might be experiencing a buying climax. Nevertheless, the market is forming an ABCD pullback, with completion point potentially aligning with the previous weekly high. This area could present an opportunity to go long in anticipation of a retest of the recent resistance zone. However, with Fed Chair Powell's testimony coming up, there’s a possibility the price could dip even lower, reaching around 2825. If we see a rejection at the support zone 2870 - 2880, we can expect a continuation of the prevailing trend. My goal is resistace zone around 2950
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | GBPAUD pullback - CONTINUATION tradeFX:GBPAUD is currently making lower lows, indicating a bearish trend. The market broke and closed below the range zone, which further reinforces the bearish outlook. Additionally, the price tested the resistance zone twice before breaking through it; creating equal high level. The price is currently above the previous day's high, but there is a chance it could pull back below. This pullback could present a good opportunity to short the market, anticipating further downward pressure. My goal is support zone around 1.97240
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | BNBUSDT false Breakout of November Low. LongBINANCE:BNBUSDT market saw a price squeeze and subsequently dropped below the November low. However, the price also made a false breakout by taking liquidity below that level. Additionally, it broke and closed below the upward trendline that has been supporting the price since August. This breakout may indicate a sideways movement. I believe the price could establish a range zone, as we observed similar price action in this area last year, from September to November. I expect that the market will enter an accumulation phase around this zone, potentially followed by a bullish move. My mid-term goal is resistance zone around 700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | GBPUSD buying Opportunity at KEY Support LevelAs the FX:GBPUSD market approaches the support level, it is showing signs of deceleration, with bearish momentum fading. The psychological level below at 1.23000 has previously acted as a strong support, with the price bouncing off it multiple times. On the higher timeframes, we can see the formation of an ABCD pullback, where point D aligns perfectly with the support level. I anticipate that the price will bounce off this support level and subsequently retest the supply zone above. My goal is resistance zone around 1.24180
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻