PATANJALI All Targets Done and Dusted!Nice move in Patanjali caught.
All 4 targets met. Closed 50% position and holding the remaining 50%
Trailing stop loss at 1768
Enjoy the ride! ;)
Signalservice
XAUUSD Retracement and Trend ContinuationXAUUSD is currently undergoing a pullback following a strong bullish move. The support area between 2485 and 2500 offers an opportunity to consider a long trade, especially if the price shows bullish signs, such as a false breakout. From this support zone, the price could retest the resistance area, as the price action seems to be forming a complex pullback. However, it's crucial to remain cautious, as there is still a chance the price could dip lower, particularly since the daily timeframe shows a bullish candle with a long wick. The target is the resistance zone at 2529
Lingrid | GOLD retracement and TREND Continuation POTENTIALOANDA:XAUUSD is currently experiencing a pullback after a strong bullish move. The support area between 2485 and 2500 presents a opportunity to take a long trade, particularly if the price shows bullish signals, such as a fake breakout. I expect a retest of the resistance zone from this support zonel, as the price action appears to be forming a complex pullback. However, it's important to note that there is still a possibility of the price dipping lower, especially since, on the daily timeframe, we have a bullish candle wth a long wick. My target is resistance zone at 2529
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 short-term pullback from the RESISTANCE zoneThe price has successfully reached the target zone outlined in my previous forecast. FX:EURUSD is currently approaching a weekly resistance level that was last tested in December 2023. Given that this resistance level previously experienced a bearish reversal, we can anticipate a potential short-term pullback or choppy price action in this area. I expect a likely fake breakout above both the channel border and the resistance level, which might result in a short term correction in the market. My goal is the support level around 1.10500
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
VOXELUSDT(Voxies) Updated till 20-08-24VOXELUSDT(Voxies) Daily timeframe range. another ALT with great retrace from its local low. its literally free money from local lows. recent resistance at 0.2799, a valid close above 0.1988 can push it again toward resistance. recent support at 0.1417.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Gold- Correction or continuation?Yesterday, gold corrected Friday's strong upward move and dropped precisely into my buy zone. A recovery followed, with the uptrend resuming; however, the price was unable to surpass the recent all-time high (ATH) and began to decline again.
While there is a possibility that a double-top pattern could be forming, this has not been confirmed, and the overall trend remains strongly bullish.
In my opinion, bulls have little to worry about as long as the price stays above the 2480-2485 zone.
Buying on dips should continue to be the strategy.
Lingrid | GBPCHF breakout followed by PULLBACK and ContinuationFX:GBPCHF is currently making lower lows, indicating a bearish trend. Recently, it reached the 50% retracement level on the daily timeframe and is now near significant resistance at 1.12500, along with the upper border of the channel. The price action has been in a consolidation zone since April but it has broken through it. Currently, the market is pulling back to retest the lower border of that consolidation zone. I believe we are witnessing a classic breakout-pullback-continuation scenario. The last two daily candles are doji candles, suggesting indecision in the market. If the price breaks below the lows of those doji candles, we could see an impulsive leg down, confirming the bearish sentiment. My target is support level at 1.09875
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 Identifying PULLBACK Continuation ScenarioThe price perfectly fulfilled my last idea. After breaking out of the consolidation zone, the market is now approaching the next significant resistance level. FX:EURUSD has closed above the critical level of 1.1000 on the daily timeframe, and the market is currently pulling back to this level. With high-impact news on the horizon, we can anticipate an increase in market volatility today. Given the prevailing bullish trend, I expect the market to experience a rejection in the form of a long-tailed bar below this psychological level before continuing the upward movement. My goal is the resistance level at 1.10715
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SYSUSDT(Syscoin) Updated till 19-08-24SYSUSDT(Syscoin) Daily timeframe range. it had a huge retrace from its local low. but selling pressure took over and failing to takeover above 0.1470 will trap above level bag holders. staying over 0.1470 can give PA another chance to push. recent support at 0.1006.
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 85usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $2.38.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold could continue its riseLast week was marked by significant volatility in gold prices, with fluctuations amounting to hundreds of pips. However, on Friday, the bulls took full control, driving the price above the important milestone of 2500.
Currently, the price is undergoing a minor correction and consolidation phase. I expect it to resume its upward trend once this period concludes. The 2480 zone offers strong support, and any dips into this area should be considered buying opportunities.
The first target could be set at Friday's high of 2510, with a second target at the 2520 zone, which aligns with the measured target for the recent small triangle pattern.
Lingrid | EURUSD Continuation of the CURRENT TRENDThe price perfectly fulfilled my last idea. FX:EURUSD is approaching the resistance zone and is currently consolidating after breaking out of the 1.1000 level. The price has not yet broke through the previous resistance, which suggests that it may be forming a triangle pattern. I believe the market will seek liquidity below this psychological level before bouncing off the upward trendline. If the price rejects a support level, it is likely that the market will rebound from it and the upward trendline, especially considering the presence of a long-tailed bar on the weekly chart, which indicates a potential for further bullish movement. My goal is the resistance zone around 1.11000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
DARUSDT(MinesofDalarnia) Updated till 18-08-24DARUSDT(MinesofDalarnia) Daily timeframe range. we can see a nice retrace here on daily candle. tried to get a close over 0.20126 but some sells took over, maybe another time if it can keep up with the volume. recent support is at 0.14295.
LISTAUSDT(ListaDAO) Updated till 17-08-24LISTAUSDT(ListaDAO) Daily timeframe range. fairly new price action here so it do have opportunity's from both sides. now its trying to cross over 0.4371. need a valid close for that. not so hold up above it, if it can push through. recent retrace point at 0.2866.
Lingrid | USDJPY pullback TRADE. ShortThe price perfectly fulfilled my last idea. It hit the target level. FX:USDJPY has been pulling back all week after the massive sell-off. It has retraced 38.2% on the daily timeframe. The price action initially broke above the previous week's high but then pulled back below it, effectively taking liquidity above that level. Additionally, the price has reached both the channel and the downward trendline. Typically, the market tends to consolidate after an impulsive move, so we can expect a sideways movement below the psychological level of 150.000. My target is support level at 144.660
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
M Macy's Options Ahead of EarningsIf you haven`t sold M before the previous earnings:
Now analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week,
I would consider purchasing the 17usd strike price Calls with
an expiration date of 2024-8-30,
for a premium of approximately $1.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ALTUSDT(Altlayer) Updated till 16-08-24ALTUSDT(Altlayer) Daily timeframe range. PA already in price discovery level. so very long way to go from here and there is uncertainty. of course there are opportunity here aswell. for now local support at 0.0769 and recent resistance at 0.1159.
Gold- Strong volatility, no trend change thoughYesterday was another highly volatile day for Gold. After initially breaking above the 2460 resistance and reaching a high of around 2470, the price dropped sharply to a low of 2433. Following an hour and a half of intense fluctuations, the price settled in the middle of the range.
Despite these strong moves, the overall trend remains bullish, and I still anticipate a new all-time high and a break above 2500. However, this scenario could be delayed if there is a daily close below 2430.
Lingrid | GOLD price STUCK in a SIDEWAYS patternOANDA:XAUUSD remains choppy, having formed a doji candle in the last daily session. Given that today is Friday and there are no significant high-impact news events on the horizon, there is a possibility that the market might continue moving sideways. The price is currently hovering around the key level of 2450, building liquidity both above and below this level, and it appears to be forming a triangle pattern, suggesting that the price may be preparing for a breakout. I expect the market to close above the previous week's high and remain above it, potentially signaling a bullish move next weeks, especially since it has returned to the range zone. My target is ressitance zone around 2477
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | AUDCHF double TOP at RESISTANCE zone. ShortFX:AUDCHF successfully broke through the range zone and subsequently formed a double top at the resistance level. On the daily timeframe, the market shows a clear bearish trend, having completed approximately a 50% retracement. The price is now moving toward the support level, and I believe it may continue lower, breaking through the upward channel on the 1H timeframe. I anticipate that the market continue to move down and at least retest last week's high. My goal is to support level at 0.57130
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | TONUSDT short-term PULLBACK from WEEKLY highThe price perfectly fulfilled my last idea. OKX:TONUSDT briefly moved above the last week's high but then retraced and fell below that level. This could be seen as a false breakout; however, on the daily timeframe, the price did close above it giving mixed signal. I believe the market may decline toward resting liquidity below the key level of 6.00. Notably, the market often experiences corrections over the weekends. Additionally, the market has previously bounced off the resistance zone between 7.20 and 7.50 multiple times, so a pullback is anticipated. My target is support level at 6.060
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SYNUSDT(Synapse) Updated till 15-08-24SYNUSDT(Synapse) Daily timeframe range. PA actually is in a trouble zone. it tried to get over 0.4321 but failed for now. old low is at 0.2872, going below that is like going into a void. dont know what devs are doing. but market will pick up at somepoint.
