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GOLD → Retest of liquidity area before further decline FOREXCOM:XAUUSD is forging a local trend after a small correction on Monday. At the moment, as the prices are trading inside the flat, the target is the area of 2044-2048, from which a decline may follow. On D1 we see two key figures, which play an important role at the moment - resistance 2048 and the descending price channel, which characterizes the whole market at the moment. The price has been heading towards the target 2044-2048 since the opening of the session on Tuesday and with a high probability, within the descending price channel, a retest of the resistance may follow and a false breakout may be formed. Against the background of this movement we have no clear preconditions for resistance breakout, therefore, against the background of flat and descending channel I am waiting for the realization of the scenario "false breakout of resistance with the subsequent price decline to support" Resistance levels: 2044, 2048 Support levels: channel support, 2025 The global role is played by the flat. Within the flat a bearish channel is formed on D1. That is, based on this set-up we can assume that we have a neutral-negative mood. Consequently, after retesting the liquidity area, the price may form a correction to the support TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FOREXCOM:XAUUSDShort
by RLinda
19
GBPUSD → What can pre-breakdown consolidation lead to?FX:GBPUSD on the background of the bullish trend is forming a correction, which is within the descending channel. We have prerequisites that indicate the soon end of the set-up and the continuation of growth. Last week the price tested the resistance of the channel with a false breakdown, but it did not happen what everyone was waiting for. There is no fall and the price continues to consolidate and approach the resistance, which only increases the chances for the end of the correction and the exit of the price from the consolidation with the subsequent continuation of growth to 1.2827 or even to 1.30. The pound, on the background of the polytka, is holding strong enough, consolidation in the near future can move into the realization phase and show us the distribution. Resistance levels: 1.26836 Support levels: 1.2506, 1.26124 Waiting for the next resistance retest, which may give us an opportunity to work out the strategy "resistance breakout", with the subsequent renewal of highs and price growth. Regards R. Linda!
Long
by RLinda
3
GBPJPY - 16-20 August 2021 Outlook and Trade PlanGBPJPY 16-20 August 2021 Outlook and Trade Plan Monthly structure still holding bullish with previous 2 months bearish close respecting 152.00 key level. A close below 152 will encourage more shorts to test the lows at 149. Weekly continuing the bullish momentum after 23 July solid close. Previous week bearish close formed a solid resistance and barely closing below 152 which indicate shorts pressure. 151.60/50 is the last support on weekly to hold as support for the bullish structure continuation. Below that we will confirm that a LH is formed and a continuation of the bearish momentum continuation after creating the YH at 156. Daily structure still bearish with LH/LL formation, trading below 1 July resistance formed at 153.56 due to the support formed on 14 May at 153.70. August 3 formed the first HL since 1 July at 151.67 bouncing from the daily zone at 151 key level. Last week close confirms the rejection and a continuation to the down side to test 151.60/50 is due. A close below that will confirm daily bearish momentum continuation. On the other side A close above 153.70 will give the opportunity to test the highs at 154.43 and 154.85. As a trade plan for next week, i'm looking to the following: Longs : On higher support formation and a close above 152.60/80 targeting the current highs and maybe continuation to 153.41 Shorts : option 1 will be on resistance formation below 152 targeting created targets and 151.60 4H Support. While option 2 is safe shorts below 151.60 targeting 151/150.90 News : A busy week for JPY and GBP with news everyday except Thursday, so please map news times as per your trading session. Daily Chart 4H Chart GBPJPY
by Amr_Sadek
2
AUDNZD Range High/Low| Swing High| Price Action| Trend Evening Traders, Today’s analysis – AUDNZD – trading back with in its range with a deviation back towards the lows, Points to consider, - Price Action Impulsive - Range High Resistance - Range Low Support - Low Volume AUDNZD’s immediate price action is impulsive, trading below its range high, putting in a potential bearish retest. The immediate objective is the range low support, testing this level is probable for a price action rotation. The current volume profile is below average, an influx is highly imminent when testing key trade locations. Overall, in my opinion, AUDNZD is a valid short with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
Short
by The_Alchemist_Trader_
OGNUSDT Price Action Range| Swing High| Bullish Retest Evening Traders, Today’s analysis – OGNUSDT – trading above range high where a bullish impulsive is probable, Points to consider, - Price Action Impulsive - Range High Support - Swing High Objective - RSI Extended OGNUSDT’s immediate price action is impulsive, trading above a key trade location it must be held for a bullish bias. The RSI is currently over-extended, a reversion to its mean is highly likely from oversold conditions. The Swing High is the immediate objective, exceeding this level is indicative of a trend continuation, Overall, in my opinion, OGNUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
1
LTC Bullish Volatility Expansion| Swing High Objective Points to consider, Perceiving LTCUSDT’s chart, price action is current trading under a key Daily S/R level that needs to be breached for a bullish bias to be valid. Price action has deviated from its swing high with a strong bearish expansion into a liquidity run. Tapping the mid Weekly S/R validated an S/R Flip Retest of the level, this confirmed price action acceptance as price is trading above the current bullish order block. Predominantly, price action has maintained a higher low projection with confirmed S/R Flip retests along the way. Each key technical level have been breached with increasing volume, this is suggestive of a strong uptrend with no signs of a local top being set. Again a climatic node will be redolent of a short-term down trend, this will be apparent with a confirmed market structure change.
Long
by CoinGape
AUDUSD 0.69462 -0.24% LONG IDEA Good Day Everyone Here's a look at the AUDUSD pair, the U.S DOLLAR began to regain strength this past week so this could change some of the trading plans against the DOLLAR. We saw a break above the symmetrical triangle structure the pair pushed up and found resistance at level 0.69981 now the pair has seen another rejection at this level forming a double top formation at resistance level. should we rally up and trade above this level ( 0.69981 ) will be looking for longs in the pair if we see a rally down the trading plan will change look out for updates... lets see how it goes Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
EURCHF possible Short opportunityIn the last 3 months the EURCHF has created a really strong Resistance line that is slightly declining. The price is getting close to that line again so we should expect an another bounce down from this line. Just mind that the lowest point of the last 3 months price consolidation was on the 2nd of january and from that point the next lowest points are slightly climbing up, so be careful when placing your limit order. RSI is going overbought. I wish you the best of luck with your trading :) .
Short
by JanMachacek
EURUSD testing resistance, possible short tradeEURUSD has been trading in an ascending wedge formation since mid November. It is currently testing the 1.14720 (R1) area of resistance. Should this level hold we could be looking at a move back down to the lower trendline. Profit target: 1.13631, the 4th of January swing low. Stop loss: 1.5000, if this analysis is correct we shouldn't get above here. A move above this level would indicate a breakout to the upside and a possible long trade set up.
Short
by Trend_Analyst
Golos VS Bitcoin Wide Range TradingBack on the 1st of April, Golos found the bottom at 508 satoshis, and then went up to 38.2% Fibs, where it found resistance at 1573 satoshis. The resistance has been rejected and price wend back down to 508 satoshis support. Yet again the support has been rejected, but this time price formed a double bottom suggesting another corrective move upwards or even a potential trend reversal. The following growth resulted in a break above the 200 Moving Average, which could be the starting point for the short term uptrend. GGB/BTC could once again rise towards the 1573 satoshis level, where the price range has been formed. However, it is unclear whether it will break above or reject this level. Break above should result in the beginning of the uptrend, while rejection should result in continuation of the range trading.
GLong
by CryptoPAMM
1
BitShares Beating BitcoinOn the 24th of June, BitShares found the bottom at 1980 satoshis, where it has rejected cleanly 78.6% Fibonacci retrenchment level. Then price went up and broke above the 50 Moving Average and the descending channel, reaching 2800 satoshis high. On a corrective wave down, BTS/BTC retraced down to 2500 satoshis area, where it rejected the 61.8% Fibs level, along with the 50 Moving Average and the descending channel, all at the same time. Price continues to produce higher highs and higher lows, and considering all this price action, the uptrend is very likely to continue. Strong resistance is seen at 23.6% Fibs, that is 3630 satoshis level, which corresponds to the 4/1 Gann Fan trendline. Break above this resistance could be confirmation of the long term uptrend continuation, which might result in BTS aiming for the new all-time high.  At the same time, it is important to watch 2400 satoshis support area, because break and close below would invalidate the uptrend and the range trading or even a strong move down could take place.
BLong
by CryptoPAMM
Time New Bank - Nearly 300% Growth PotentialSince 6th of May, Time New Bank has corrected down by 55%, while it moved from $0.075, down to $0.033. Price has found the support at 78.6% Fibs and recently rejected it cleanly.  But at the same time TNB/USD failed to break above the descending channel, which could mean that the bullish momentum is still dominating. But if price stays above $0.033 and will then break above the upper trendline of the descending channel, the downtrend could be invalidated. Break and close above the $0.041 should result in more buying coming to pick up TNB, that would push price higher. TNB could then jump as high as $0.145 area, that is a 300% growth potential. The resistance is based on 38.2% Fibonacci retracement level applied through the all-time high and it confirmed by the previous resistance established back in January. 
TLong
by CryptoPAMM
Burst Could Triple Against BitcoinSince April, Burst has been steadily moving upwards producing higher highs and higher lows, while it moved from 190 up until 360 satoshis. On a corrective wave down price reached 280 satoshis support, that has been rejected along with the uptrend trendline. Yesterday BURST/BTC broke above the minor resistance at 320 satoshis, which should result in a continuation of the long term uptrend. There are several resistance to watch, first is 78.6% Fibs at 785 satoshis. Second is 88.6% Fibs at 875 satoshis. And final resistance is near 1000 satoshis, that is a strong psychological level, and also the price that was rejected twice back in 2017. The uptrend could only be invalidated in daily close will be below 280 satoshis support. In that case consolidation could take place and even decline towards 200 satoshis area.
BLong
by CryptoPAMM
1