XRPUSDT → Resistance ahead. Correction before growthBINANCE:XRPUSDT is rising after breaking through consolidation resistance. Bitcoin's rally supported the overall market momentum, but a new resistance zone lies ahead...
Bitcoin is testing its ATH and updating it, but is facing pressure and forming a false breakout. A correction in the flagship coin could trigger a correction in XRP, but if Bitcoin continues to storm the 112K area without a pullback, followed by a breakout, the market could find support and continue to rise.
After XRP broke through resistance, the coin entered a distribution phase and is testing an important resistance zone of 2.4488 - 2.4772. The inability to continue growth, a false breakout, and price consolidation in the selling zone could trigger a correction.
Resistance levels: 2.4488, 2.4772, 2.6524
Support levels: 2.3587, 2.3375, 2.2455
Despite breaking through resistance, XRP is still in a local downtrend. Pressure on the market is still present. The formation of a false breakout will indicate that growth is limited for now. However, if the price consolidates above 2.4772 and begins to break out of the local structure, we can expect growth to continue.
Best regards, R. Linda!
Zigzag
Dow Jones Potential DownsidesHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 44,450 zone. Dow Jones is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 44,450 support and resistance area.
Trade safe, Joe.
Brace Yourselves: EURAUD’s Harmonic Storm Is Coming!Good morning, Traders ☀️
I've identified a bullish harmonic Bat pattern on the EURAUD pair.
At this stage, I'm only anticipating a reactional buy from the marked zone.
I'll determine my target level after observing the market's response from that area.
📌 I’ll be sharing the target details under this post once the reaction unfolds.
Your likes and support are what keep me motivated to share these analyses consistently.
Huge thanks to everyone who shows love and appreciation! 🙏
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36900 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36900 support and resistance area.
Trade safe, Joe.
BITCOIN → Market manipulation. Chance for growth to 110KBINANCE:BTCUSDT , as part of a correction triggered by negative news from the US regarding tariffs, is testing liquidity in the support zone. There is a chance of recovery to 110K.
Bitcoin is reacting with a decline to fundamentally negative data on tariffs from Trump. Technically, the price is facing support and forming a false breakdown, the purpose of which was to capture liquidity. This could lead to a recovery within consolidation in an uptrend, but again, there are conditions...
Countries that have received notification of tariffs are responding positively to cooperation (if this trend continues, Bitcoin could receive a local bullish driver).
The market perceives this as positive, and after liquidity is captured, the price could recover to the resistance of the trading range.
Resistance levels: 108230, 109690
Support levels: 107500, 106500
Bulls are trying to hold the local interim bottom at 107500. There is a reaction to the false breakdown of support. The focus is on 108230; if the market can break through this level, we will have a chance to grow to 110K.
Best regards, R. Linda!
Strong USOIL Setup: Long from Support + 4.34 R/RHey Guys, hope you're all doing well!
I've placed a limit buy order on USOIL from a key support level. Below are the relevant levels for your reference:
- 🔵 Entry Level: 67.424
- 🔴 Stop Loss: 66.803
- 🟢 Target 1 (TP1): 67.908
- 🟢 Target 2 (TP2): 68.456
- 🟢 Target 3 (TP3): 70.036
📊 Risk/Reward Ratio: 4.34
Your likes and support are what keep me motivated to share these analyses consistently.
Huge thanks to everyone who shows love and appreciation! 🙏
Smart 15-Min Entry on USDJPY – Clear Plan with 2.33 R/R📢 Hey Guys;
I've placed a buy limit order on USDJPY at a key support level.
🔵 Entry: 145.956
🔴 Stop Loss: 145.743
🟢 Targets:
• TP1: 146.069
• TP2: 146.232
• TP3: 146.468
📐 Risk/Reward Ratio: 2.33
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Your likes and support are what keep me motivated to share these analyses consistently.
Huge thanks to everyone who shows love and appreciation! 🙏
NASDAQ Potential DownsidesHey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 22,750 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 22,750 support and resistance area.
Trade safe, Joe.
GOLD → Readiness to test the local bottomFX:XAUUSD is under pressure from the rising dollar and uncertainty, breaking through support levels, which opens up a corridor for the market to fall to 3255 - 3246
The price of gold is consolidating around $3300 after falling more than 1% amid expectations of the Fed minutes and news about tariffs.
Investors remain cautious: the dollar is supported by hopes for US trade deals, while the threat of new tariffs from August 1 is holding back gold's growth.
Weak inflation data in China did not support the metal, while expectations that the Fed will not rush to cut rates due to inflationary pressure from tariffs are also limiting interest in gold. Traders are waiting for the Fed minutes and new statements from Trump to determine the further direction.
Technically, the market looks weak (on D1, the price closed below the key level of 3300 on Tuesday) and there is a chance of a further decline.
Resistance levels: 3300, 3311
Support levels: 3295, 3255, 3246
Consolidation below 3295-3300 could trigger a further decline to 3255, from which the market could react with a correction.
Buying can be considered if gold reverses the short scenario, manages to strengthen to 3311, and consolidates above this level. At the moment, the price is in the selling zone...
Best regards, R. Linda!
EURUSD → Bullish daily structure. Correction before growthFX:EURUSD , after significant growth and a break of structure, has entered a local correction, the target of which may be a phase of accumulation of potential for updating intermediate highs (1.183).
The daily market model is bullish. A break of the structure has formed on D1, and the market is entering a correction phase, during which it may be interested in testing 0.5 or the 0.7 Fibonacci area before continuing its growth. I would also like to draw attention to the previously broken resistance level of 1.164 - 1.163, which, within the current correction, may act as a support level for buyers...
In addition, the market has not yet reached the liquidity level it was heading for during the correction for a possible continuation of growth. Zone of interest: 1.168, 1.164, 1.159
Resistance levels: 1.1728, 1.1766
Support levels: 1.168, 1.164, 1.159
A false breakdown of the specified support zone could change the market imbalance and attract buyer interest, which could generally support the bullish trend.
Best regards, R. Linda!
GOLD → Correction for confirmation before growthFX:XAUUSD is recovering due to increased demand as a safe-haven asset. After breaking through local trend resistance, an upward channel is beginning to form on the chart.
On Monday, gold tested the 3295-3300 zone (liquidity zone) and, against the backdrop of incoming economic data, is buying back the decline, forming a rather interesting pattern that could lead to continued growth, but there is a but!
Investors are reacting to President Trump's threats to impose tariffs on imports from a dozen countries starting August 1. In addition, the main question is the Fed's interest rate decision. The regulator is likely to leave the rate unchanged due to inflation risks.
Uncertainty surrounding tariffs is supporting interest in gold as a safe-haven asset. The market is awaiting further news and the publication of the Fed minutes on Wednesday.
Resistance levels: 3345, 3357, 3396
Support levels: 3320, 3311, 3295
A correction to support is forming. If the bulls hold their ground within the upward channel and above the key areas of interest, the focus will shift to 3345, a resistance level that could hold the market back from a possible rise. A breakout of this zone would trigger a rise to 3357-3396.
Best regards, R. Linda!
GOLD → Buyers are hesitant due to new tariffsFX:XAUUSD continues its correction phase after updating local highs and breaking through trend resistance. The dollar is making traders nervous...
After rising 2% last week, gold started Monday with a decline to $3,300 amid a stronger dollar due to the risk of new tariffs from Trump, who sent letters to 12 countries threatening to impose duties of up to 70% if no agreements are reached by July 9. This boosted demand for the dollar as a safe-haven asset.
Gold is also under pressure from strong US employment data, which has dampened expectations of a rate cut. The market is focused on news on tariffs and the publication of the Fed minutes on Wednesday, which may clarify the outlook for monetary policy.
Technically, the correction may end in the 0.7 Fibonacci zone, in the range of 3295-3300. After the formation of a reversal pattern, the market may strengthen to 3350-3360.
Resistance levels: 3315, 3344, 3358
Support levels: 3300, 3295
Locally, the price is trying to consolidate below the range, which could lead to a decline to 3300-3295. If, during the correction from support, the market manages to consolidate above 3315, we can expect growth. Otherwise, a weak reaction at 3295 could lead to a retest of 3275 and consolidation in the selling zone, which could lead to a further decline to 3245 .
BUT! We are closely monitoring the position of the US and Trump on tariffs, as he is once again issuing ultimatums to countries, to which the markets are reacting...
Best regards, R. Linda!
GBPUSD → Correction before the bullish trend continuesFX:GBPUSD is forming a trading range for consolidation of potential ahead of a possible continuation of growth as part of a countertrend correction.
The dollar is trying to recover from its decline due to a local change in the fundamental background, but the global trend for the DXY is bearish. This could provide support for the GBP to continue growing, provided that the bulls hold their defense above the 0.5 Fibonacci zone of the main impulse movement.
The market is holding GBPUSD within the trading range of 1.359 - 1.3675. The trend is bullish, and within the correction, liquidity may be captured from 1.359 before further growth.
Resistance levels: 1.3675, 1.3764
Support levels: 1.359, 1.3511
If the reaction to the subsequent retest of support at 1.359 is weak, we can consider a continuation of the correction to the 0.7-0.79 Fibonacci zone, which would be the most favorable entry point for us (focus on 1.3511 — a false breakout will increase interest in buying). In the current situation, the focus is on 1.359.
Best regards, R. Linda!
USDCAD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDCAD for a buying opportunity around 1.35750 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35750 support and resistance area.
Trade safe, Joe.
Dow Jones Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring US30 for a buying opportunity around 44,400 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend 44,400 support and resistance area.
Trade safe, Joe.
SOLANA → Pre-breakdown consolidation may lead to distributionBINANCE:SOLUSDT is declining and testing the support of the trading range as Bitcoin pauses after strong growth and enters a correction phase...
SOL looks a bit weaker than Bitcoin technically, but SOLANA has some positive fundamentals, though that might not be enough.
After forming a false breakout of key daily resistance, Bitcoin is moving into a correction phase. An update of local lows on the chart could trigger a drop across the entire cryptocurrency market.
In SOL, the focus is on the two nearest levels of 148.75 and 145.64. A breakdown of support could trigger the distribution of accumulated energy within the specified range as part of a downward momentum.
Resistance levels: 148.75, 151.2, 153.88
Support levels: 145.64, 138.59
The ideal scenario would be a false breakout of 148.75 (liquidity capture) and a retest of 145.64, followed by a break of support. Consolidation below 145.65 could trigger a drop to the zone of interest at 138.59.
Best regards, R. Linda!
NIFTY ANALYSIS FOR 07-11/07 WEEKThis analysis based on purely zigzag drawing. As per drawing we can see nifty is still in a rangebound position but this phase is important.
from a neutral zone if we can make position with proper analysis and risk management then Break out or Break Down anything happen we can enjoy the ride.
I would like to encourage you just practice the simple drawing. Practice a lot.
On the basis of opening on Monday we can analyze further, till then learn and enjoy weekend.
Thanks for reading. 🙏
GOLD → Consolidation after a trend break...FX:XAUUSD , after breaking out of a downtrend, is consolidating, which may continue for some time due to Thursday's news and low liquidity on Friday.
Gold stabilized after a correction, but volatility risks remain. After falling from a weekly high of $3,366, gold prices found demand again in Asia on Friday. Strong US employment data cooled expectations of an imminent Fed rate cut, which supported the dollar and limited gold's gains. Additional pressure is coming from the hawkish shift in Fed expectations, but US budget risks and weak liquidity due to the holidays could increase price volatility in the coming days.
Technically, the focus is on the boundaries of the current consolidation at 3311 and 3357. In addition, within the range there is an important level of 3325, which divides the market into bearish and bullish zones...
Resistance levels: 3350, 3357, 3393
Support levels: 3325, 3311
It is important to understand the situation: due to the holiday in the US, liquidity is lower, making it easier to move the price. The rest of the world, interested in gold, can easily push the price up. The trigger will be the zone 3350 - 3350. There is a chance that the market will try to break through the resistance without a pullback and continue to rise to 3393.
However, the most likely scenario is that after yesterday's volatility, gold will remain within 3325 - 3357 before rising next week
Best regards, R. Linda!
GBPCAD → Retest the area of interest before growthFX:GBPCAD is closing the imbalance area as part of a countertrend correction and consolidating below the 0.5 Fibonacci level. What's next, growth or decline?
The global trend is upward, and the situation is classic: the market needs energy and liquidity to continue growing.
Locally, we see that as part of a countertrend correction, the market is closing the imbalance area, but at the same time forming consolidation below 0.5 Fibonacci, still leaving the zone of interest and order block below 1.84600 untouched.
Technically, there is a fairly high probability of continued growth, provided that the price ends its consolidation with a breakout of the 1.85690 resistance and consolidates above 0.5 Fibonacci.
Resistance levels: 1.85690, 1.8657
Support levels: 1.84986, 1.846, 1.8417
However, as an additional and, in my opinion, the most important scenario, I still consider a complete closure of the fvg and a retest of the 0.7-0.79 zone, within which the order block is located. A false breakdown of the zone of interest and the capture of liquidity could attract additional interest, which would trigger growth.
Best regards, R. Linda!