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Lingrid | GBPAUD potential CHANNEL Breakout. ShortThe price perfectly fulfilled my last idea. The market has fallen out of the main resistance zone, and the FX:GBPAUD is currently trading around the psychologica level of 1.9200. Furthermore, a head and shoulders pattern is emerging, indicating that the market may be poised for a downward move. Given that the market previously consolidated between 1.8900 and 1.9300, I believe it may be headed to test support levels once again. I'm expecting a channel breakout followed by a bearish move towards the next round number at 1.9000. My goal is to support level at 1.90390 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
AUDCAD Sell/ShortAUDCAD looks like a good signal from here that has bounced off resistance, came back a bit, and seems to not be a strong higher low for AUDCAD. Our analysts and myself am calling a sell short here due to the fact this pair has repeated multiple patterns in the same way in the last few months and as well it has the best risk/reward ratio I have seen so worth the bet to make. Please follow the entry, SL, and TP. Please make sure to follow our page for more daily signals!
Short
by KingTraderFX
1
Lingrid | GOLD potential BULLISH move from SUPPORT levelOANDA:XAUUSD reacted unfavorably to the resistance zone, failing to generate a strong bearish move and instead reinforcing the sideways trend. However, upon examining the 4H chart, we see a series of strong bullish candles and gradual pullbacks that have formed higher lows. With no high-impact news on the horizon for today, I anticipate a continued consolidation phase. Nevertheless, I expect the market to move down towards the upward trendline, potentially triggering a subsequent bullish move tomorrow if the price action confirms a buy signal. My goal is resistance zone at 2350. Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
15
Lingrid | GOLD Weekly MARKET Technical ANALYSISOANDA:XAUUSD market remains in a consolidating phase, characterized by lower highs and higher lows in the shape of triangle. The price has bounced off the 2300 support level, which also has psychological significance. On the daily chart, the price remains within the previous Friday's range. Based on this, I expect the market to continue consolidating between the top and bottom of this range zone. Looking back at April's chart, we can see a prolonged consolidation period, and I believe the market may stay in this range zone until we see another surge or sell-off that sets a clear trend. If the market breaks through the downward trendline, we could expect a further move upwards to the 2400 level. However, I anticipate a bearish move on Monday, with a likely continuation of sideways movement. Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
8
Lingrid | BITCOIN calm BEFORE the IMPULSE movementBINANCE:BTCUSDT is currently stuck in a sideways consolidation phase, oscillating between the support and resistance levels. As I previously mentioned, the price did dip below the 66,000 support level, taking liquidity below the level. Interestingly, this move has been accompanied by a bullish divergence, indicating that the bears lacked sufficient strength to drive the price lower. Given this dynamic, I believe the market is poised to form a sudden surge upward. I expect the price to break out of this small range zone and move upwards to retest the resistance level, potentially even reaching the top of the range. My target is resistance zone at 69,000 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
15
COGNITIVE DISSONANCE IN TRADING: GAP BETWEEN FANTASY AND REALITYToday we are going to tackle one of the bad habits - illusions in trading. It will be painful, not everyone will be able to face reality, but it is necessary to go through it if you want to be profitable in the markets steadily, not from time to time. Cognitive dissonance is a psychological term used to describe the discomfort a person experiences when two contradictory beliefs are present at the same time. The theory states that people like to keep all their beliefs and experiences in harmony and avoid disharmony (dissonance). When we experience this conflict and discomfort, our thoughts will immediately attempt to restore balance by changing our beliefs and attitudes and, justifying our actions and behaviors. Ultimately, we all want our expectations to match reality in such a way that we can experience a sense of control. We all experience cognitive dissonance on an almost daily basis. In everyday life, it can be quite harmless and even fun to recognize its presence, but for traders it can be disastrous. 💡 HOW DOES THIS RELATE TO TRADERS? The vast majority of ambitious amateur traders approach their profession with deeply unrealistic expectations such as: ➡️ You can learn to trade the market fairly quickly. ➡️ One can quickly and regularly recoup the lost money in large quantities. ➡️ Rapid attainment of abundance and wealth. ➡️ Daily, steady, reliable results. ➡️ One can quickly quit a job and work from home. Anyone who has ever tried trading has quickly learned through experience that none of the above statements are true. This instantly creates a conflict between what you believed and what you experienced, and thus your thoughts quickly try to erase the discomfort and restore harmony. The reasonable and logical thing to do in this case is to recognize and accept that your original beliefs were incorrect, and then revise your beliefs so that they can accurately reflect reality. However, admitting that you were wrong and that you made a mistake is in itself emotionally painful, although it must be done. No one likes to admit they were wrong; it is much easier and quicker to just try to rationalize and justify your original beliefs. People generally try to justify their own mistakes because, by doing so, they feel better about themselves. And it doesn't matter that your beliefs are false, and they will continue to be false for as long as you continue to believe that everything that happens is normal. It goes without saying that this is completely irrational and can be extremely destructive to traders. 💡 WHO IS TO BLAME FOR FOREX FAILURES? A typical situation with the belief that trading can be learned quickly, and that one can earn X amount of money daily and quit their job within a month or two. When reality conflicts with this belief or expectation, the trader will make excuses, trying to find justification for their actions, why they were right, telling themselves something like "I just haven't found the right system yet". Instead of accepting their mistakes from their faulty judgments and then taking action to align their behavior with reality, which will ultimately lead to success, they prefer to find excuses for their beliefs. The situation described above leads to so many traders constantly switching from one forex system to another. One of the truly destructive characteristics in this situation is that as a result of cognitive dissonance, the original false belief is actually further reinforced, the exact opposite of what would be most beneficial. In order to restore emotional harmony in such a situation, something needs to change. Either we need to change our beliefs or reduce the importance of one of the conflicting issues. Very often the broker or trading platform is blamed for trader's failures. After all, it is so easy to shift the blame onto someone else. Most people do is maintain an existing belief (rather than admit error), introduce new beliefs to justify the first, and then diminish the importance of real events (disregarding the facts). The end result is that they continue even more passionately down the false path. 💡 CHASING ELUSIVE PROFITS This, however, easily leads to unrealistic expectations and beliefs of traders, viz: They expect to get big returns quickly. When reality shows them that their expectation is false, they ignore the facts and look for something to help prove that their belief is correct. It is common to see traders switching from one trading system to another every few months. They add forex indicators, add rules, change timeframes, test different methods, learn different theories, trade on different instruments, change their money management system, change risk profiles, buy different software, etc. They may even find a profitable strategy, but discard it because, in their opinion, it doesn't give them the 100% return. These people will spend the rest of their lives in a futile search to find something that in reality does not exist. This is quite obvious not only from their own experience, but also from the documented experience of any other trader who has previously traveled this path. And yet they ignore this evidence. They ignore reality. Their beliefs collide with harsh reality, which causes emotional discomfort. Instead of admitting they are wrong, which would cause even more discomfort, they simply ignore reality, find excuses for their original belief (e.g. the strategy is bad, or the trading platform is slow, or the market is wrong, etc.), and find harmony again, convincing themselves that they were right, but just haven't found a solution yet. And they think it's better to keep looking for them next! 💡 THE CHOICE: IGNORING REALITY OR ADAPTING TO ACHIEVE SUCCESS Traders are faced with tough choices that they need to make. We all at some point face the discomfort of cognitive dissonance when our beliefs go against reality. We can either restore our mental harmony by ignoring the evidence of reality and continue to make excuses. Or we can accept that our beliefs were false, and then realign them and change our actions and behavior in a way that works in parallel with reality. The former path is the easiest and most convenient, but it certainly represents an option that leads to guaranteed and lasting delusion. The latter path is more difficult and less comfortable, but it naturally represents the option that will eventually lead the trader to success. Here is the question that all traders should ask themselves and answer honestly: What is more important to me? Being right or being successful? Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
5
Lingrid | GBPJPY bearish DIVERGENCE at the RESISTANCE zoneThe price perfectly fulfilled my last idea. It hit the target level. FX:GBPJPY market has rolled back from the resistance zone, sending it plummeting towards new lows. As the 1H chart shows, the market is updating its swing lows and gaining bearish momentum. Meanwhile, the daily chart is flashing warning signs of a potential reversal, with a long-tailed bar forming on price action. Adding to this bearish sentiment is a bearish divergence, which suggests that a pullback is possible. Therefore, I expect the market will continue to move downward from the resistance zone at 200, potentially breaking through the channel's border and sending it lower prices. My target is support level at 198.000 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
9
Lingrid | AVAXUSDT breakout of CHANNEL. Possible SHORTBINANCE:AVAXUSDT encountered a strong rejection at the resistance zone, leading to a subsequent sell-off. Despite the bulls' efforts, they were unable to muster sufficient strength to form a new high. The market has been stuck in a consolidation zone since mid-April, and I believe it may be heading towards the bottom of this range as the price has broken and closed below the upward channel. On the daily timeframe, we are currently seeing a bearish impulse leg. I anticipate the market to retest its previous lows in the coming days. My goal is to support around 29.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
1
Alikze »» SOL |Continuation of scenario 5 bullishAccording to the previous analysis, now with more than 110% growth since the time of the analysis, which is in the ascending wave 5, it can continue until the area of 2.618 or the next supply area of this extension of the wave, which will reach the major ceiling area, which is an important supply area. It will be and after that I expect a correction wave after which we have to do the update. But for now, a short-term trend can be imagined for it. If the behavior and structure of the post changes, it will be updated. »»»«««»»»«««»»»««« 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. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
35
Lingrid | BITCOIN the ACCUMULATION phase CONTINUESThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT is still in the accumulation phase on the daily chart, as the market approaches the support level for the fourth time. In order to trigger a genuine bullish move, I think it's possible that the price will need to break below the key level of 66,000. The market is currently testing the bottom of the consolidation zone, and a perfect scenario would be for it to form a fake breakout of the previous local low. This would set the stage for a potential upward move from the bottom of the range. I expect the price to break out of its current range and begin an upward trajectory. My mid term target is the resistance zone at 70,000. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
13
Lingrid | ETHUSDT double BOTTOM. Long Despite the overall uptrend on the daily timeframes, the 4H chart shows a more mixed picture, with the market moving sideways. However, a closer look at BINANCE:ETHUSDT price action reveals a more promising development. The price has formed a double bottom pattern, reaching the support level that was tested before. This has created a new range zone that breakout of it may lead to new highs. Given this setup, I expect the price to make an upward move and retest swap zone. My target is the resistance zone at 3700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
4
USDJPY SELL | Idea Trading AnalysisUSDJPY is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
3
Lingrid | EURUSD has GAINED BEARISH MomentumThe price perfectly fulfilled my last idea. It played out nicely; it fell from resistance and hit the targeted level. On the 4H chart, FX:EURUSD has bounced off the resistance level, forming an impulsive movement. However, on the daily chart, the market has formed a large bearish candle, indicating a bearish momentum. I think it's likely that the price will pull back to the resistance zone and then continue its downward move before the major news release. If the price does pull back against the main trend, it's likely that the market will continue to move downward, as this would be a classic example of a bearish correction then trend continuation. My goal is the support level of around 1.06800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
Lingrid | GOLD correction followed by TREND CONTINUATIONThe price perfectly fulfilled my last idea. It bounced off the entry zone. OANDA:XAUUSD is heading towards the support levels after forming a clear double top pattern. The price has already tested the 50% level of the previous Friday's range, indicating a potential reversal. On the daily chart, we see a long-tailed candle that suggests a liquidity grab above the key level of 2330, but the price failed to close above this resistance. Moreover, the market has broken out of the ascending channel, which is pullback against bearish move. I expect it to continue moving downwards. My goal is the support level of around 2290. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
13
Lingrid | EURUSD short OPPORTUNITYFX:EURUSD market has been in mess for the past couple of days, with a sharp impulse leg down followed by a swift impulse leg up. The market is currently pulling back towards the resistance zone, having recently broken out from the range zone. I believe that we'll get a clear trend direction next week. However, the market made fake breakout of the resistance at 1.08300. With another high-impact news event today, I'm expecting the market to remain range-bound, potentially even moving lower after retesting the range zone. If the EURUSD fails to break above the resistance zone around 1.0830-1.0840, we can expect a rebound from this level. My goal is the support level of around 1.07535 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
7