FULL AUDUSD ANALYSISHello my wonderful community !
I’m back again
I really appreciate you guys for reviewing my charts
Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here.
The colors for each line/zone
Monthly - Yellow
Weekly - Orange
Daily - Green
4H - Red
1H - Purple
My Monthly chart view:
Ever since 2021, price has been in a downtrend by making Lower highs and Lower lows.
Price breaks a major Support area and turns it to a dynamic resisitance area and respects the EMA 50.
Take note as price is in a range and respecting the newly formed monthly resistance line (0.7050) and support line (0.6300).
My Weekly chart view:
Going into the weekly TimeFrame, it is truly clear that bears has been in full control of price from 2022 until 2023 displaying a down trend.
Price is currently not making lower lows and has been ranging from the beginning of 2023 till recent
Last week price made a new higher high.
Going down further to get clarity
My Daily chart view:
Price is in an uptrend after breaking the daily resistance in green (0.68700), Waiting on a retest or more volume from the bulls to see price start heading for the Monthly resistance line in yellow.
Until then I will go down to smaller timeframes to see market setups
My 4H chart view:
As we move into the smaller timeframe of the 4H period, the market seems to be clearer
So I’ll go further and look for buy Setups as bulls seems to be coming in strong with rising momentum after the break of the daily resistance line in green(0.68700)
To play safe for me to feel comfortable in capturing a buy setup , I’m waiting for a few confluence to put the odds in my favor , probably wait till the end of the first week of October
My 1H chart view:
On the hourly and anything below this timeframe , I can choose to capitalize by scalping and looking for buy entries that is validated by my own trading style
Fibonacci tool will be good once I can see a formation of the last trend line, I’m patiently waiting for the market to reveal itself.
I will be back to review this trade and see how things go
Avoid entry of any trade during any major news that will affect price and this is not financial advise
-> NEWSCHOOLTRADER
Signalsprovider
MU Micron Technology Options Ahead of EarningsIf you haven`t bought MU before the breakout:
Now analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $6.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CALM Cal-Maine Foods Options Ahead of EarningsIf you haven`t bought CAL before the previous earnings:
Now analyzing the options chain and the chart patterns of CALM Cal-Maine Foods prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2025-5-16,
for a premium of approximately $7.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ORNUSDT (OrionProtocol) Updated till 29-09-24ORNUSDT (OrionProtocol) Daily timeframe range. finally its moving from its local low. not much of hold up till 1.813 if volume stays it can reach there. even if volume drops it needs to stay above 1.324 to see a push.
Lingrid | AUDJPY fake BREAKOUT of the 100.00 levelFX:AUDJPY formed a fake breakout of the psychological level at 100.00, reaching that level before failing and rejecting the resistance zone with the formation of a big bearish candle. Overall, the market has been oscillating between the 93.00 and 100.00 levels. Since the market has now bounced off the top of this range and has broken and closed below the upward trendline, it appears that we may see a sharp decline, potentially retesting the bottom of the range. My target is support level at 96.200
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 short-term RETRACEMENT from RESISTANCE zoneOANDA:XAUUSD has reached the 2670 level, but overall it appears to have lost bullish momentum as it spent a day in a range zone. Given the creation of a bearish divergence, I believe the market may pull back from this resistance. If upcoming news doesn't provide a catalyst for upward movement, I expect the market to move below the previous day's low. We don't yet know what the outcome of the economic data release will be. However, there is a higher chance of significant fluctuations in the market today. My target is support level at 2645.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Alikze »» DOGE | channelized bullish wave 3 scenario🔍 Technical analysis: channelized bullish wave 3 scenario
- Following the analysis of the previous post , Dogecoin managed to experience growth in a downward channel until the ceiling of channel one, after which it entered a short-term correction.
- Currently, it has left the descending channel and is moving in a short-term ascending channel.
- Now it is at the ceiling of the ascending channel, it can meet the demand with the pullback to the broken structure and the middle range of the ascending channel and continue its growth until the supply area.
- According to the current momentum, the rising wave can grow as much as the previous wave or up to 1.618 supply range.
💎 In addition, if the green box is broken, this correction can continue until the origin of the movement and the range of 100 fibo.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
BINANCE:DOGEUSDT
Alikze »» ORDI | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
- In the analysis presented in the previous post , after reaching the ceiling of the channel, selling pressure was encountered, which led to correction up to the green box area.
- There was a demand in the green box area, which has led to the failure of the supply area and neck line.
- Currently, it has exited the daily medium-term descending channel and is currently moving in a short-term ascending channel.
- It is currently in the supply zone, which can continue its growth with a pullback to the broken structure until the next supply zone.
- Short-term goals are 50, 53, 56, 60 dollars. In case of failure of the 53 dollar area, which is the ceiling area of the ascending channel, it can continue its growth until the supply area equal to the width of the channel.
💎 Alternative scenario: In addition, if it faces selling pressure in the supply range and loses the range of 37.5, it can continue the correction up to the green box range of the bottom of the channel.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
BINANCE:ORDIUSDT
Lingrid | TONUSDT bullish BREAKOUT Signals UPWARD MomentumOKX:TONUSDT broke and closed above the downward channel, which was indicative of a correction phase. For the past two weeks, the price has been consolidating between 5.35 and 5.80. Last week, we saw a weekly doji candle, which typically signifies potential momentum in the market in case of breakout. Given that the price has already broke last week’s high, I believe the market will continue to push toward higher levels. If we see a retest of the channel boundary and the price rejects that level, we can anticipate further upward movement. My target is resistance at 6.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Alikze »» INJ | Ascending channel - 12H🔍 Technical analysis: Ascending channel - 12H
- In the analysis presented in the previous post , a corrective wave was carried out up to the green box area, which has entered an upward phase in the green box area after the demand.
- Currently, in the 12H time frame, it can have a growth up to the range of $25, which in case of a pullback to the middle of the channel, it will have the ability to continue growing up to the top of the channel.
- If the $25 zone fails, it will have the ability to continue growing up to the supply zone.
💎 Alternative scenario: In addition, if it faces selling pressure in the range of $25 and loses the middle of the channel, it can continue to correct at least up to the Fibo range of 1.618 and the price range of 18.75.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
BINANCE:INJUSDT
Lingrid | EURUSD persistent Oscillation in RANGE zoneFX:EURUSD has struggled to create new highs above the psychological level at 1.1200 and has rejected the resistance zone multiple times, forming large bearish candles. Currently, the price remains within a consolidation zone. Additionally, the TVC:DXY recent impulse move upward suggests that it may exert downward pressure on the market. As a result, I expect the market to continue oscillating between the established resistance and support levels. My target is support level at 1.10800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | PEPEUSDT seizing Opportunity in PULLBACK tradingBINANCE:PEPEUSDT recently broke through and closed above the consolidation zone. On the daily timeframe, the market bounced off the demand zone and also broke above the previous day's high. The price action is forming higher highs, indicating a bullish trend. Recently, it reached the round number of 0.000009, and the price may be experiencing a short-term pullback. I anticipate that the market will continue moving higher, especially as we approach alt season. My target is resistance at 0.0000096
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Dollar bulls are strong hereIt has now been exactly a month since the DXY dropped to its price at the start of the year, which also serves as a technical support level. The price has bounced back from this zone twice but has failed to break above the 102 resistance, falling back each time.
However, each time the bears attempted a decisive break downward, the bulls stepped in and pushed the price back up. Although the price did dip below the support zone on two occasions, these breaks were minor (around 0.2%) and did not qualify as significant.
Yesterday, the price once again reversed strongly from this well-established support zone. It seems as though the bulls are waiting for a catalyst to trigger a true reversal.
I anticipate that the USD will strengthen in the coming days and weeks.
A break above the 102 resistance would confirm a bottom and open the path for further gains, with 104 as the next target.
Gold's Aggressive Rally. Still looking for correction thoughWith Gold making new all-time highs every day since Friday and no resistance levels in sight, it's challenging to time and find an entry point for a short trade.
Although my short position from yesterday hit the stop-loss, my view remains the same: Gold should correct by at least 500 pips.
Technically, since the low last Thursday, Gold has surged by 1,200 pips, with this move contained within a very aggressive uptrend channel, which is often a sign of a final leg in a rally.
Currently, the price is testing the median support, but more confirmation is needed before entering a short position.
This could happen with a daily close below 2630 or if there's a failed attempt to reach a new ATH during the day.
In conclusion, while I remain bullish in the medium term, at this moment, I am focused on identifying a strong entry point for a short trade, expecting a 500 pips correction.
Lingrid | GOLD sustained MOMENTUM towards HIGHER LevelsThe price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD has reached the important level of 2650 and broke and closed above it on the daily timeframe. Since there is no historical resistance above this level, the price may continue to push higher. Currently, we are seeing a pullback from the resistance zone, which presents an opportunity to go long from the support area. If the market pulls back toward the support zone and shows signs of rejection, we can anticipate a movement to higher levels. My target is resistance zone at 2670.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURUSD capitalizing on bullish momentumEURUSD is currently consolidating below the psychological level of 1.12000. On the daily timeframe, the price is retesting last week’s high, which could potentially break to the upside. Tuesday’s close with a strong bullish candle indicates a possible pullback toward the support area, offering a chance to catch the move in anticipation of a trend continuation. The price may bounce off the support level and the downward trendline. The target is the resistance zone around 1.12230
Lingrid | EURUSD capitalizing on Bullish MOMNETUM. Buy PullbackFX:EURUSD is currently consolidating below the psychological level at 1.12000. On the daily timeframe, it is retesting the the previous week's high, which is likely to be broken upside. Tuesday's close was marked by a strong bullish candle, suggesting that a pullback toward the support area may occur, providing an opportunity to catch the pullback in anticipation of trend continuation. I expect the price to bounce off both the support level and the downward trendline. My target is resistance zone around 1.12230
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | ADAUSDT level REJECTION. Potential BEARISH moveBINANCE:ADAUSDT reached the resistance zone at 0.39, where it rejected this level by forming an engulfing candle pattern. Over the past two months, the market has been moving sideways on the daily timeframe. However, the overall trend remains bearish, similar to many other altcoins. Given that the market has reached the top of the range, I anticipate a pullback as it continues to consolidate in this zone. Furthermore, the market has formed an ABC pattern, which typically suggests that a retracement is imminent. This further increases the likelihood of a pullback from the resisatnce. My target is support level 0.36
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻