Chart Patterns
EURUSD: Weak Market & Bearish Forecast
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell EURUSD.
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ASML Double Top Breakdown – Bearish SetupASML has formed a double top pattern, signaling potential downside. The neckline has been broken, confirming the bearish setup. If price holds below this level, further downside is expected.
Key Levels:
🟠 Entry: Below confirmation level
🔴 Stop Loss: 780.43
🟢 Target: 549.66
Bearish momentum is strong, and a move toward the target could play out if the breakdown continues. Manage risk accordingly.
Continue the rally, get ready for gold to return to 3443
⭐️Gold News:
Gold prices (XAU/USD) fell for the second consecutive trading day on Tuesday, retreating from the gains in the early Asian trading hours, which had briefly pushed above $3,400. A slight rebound in the US dollar (USD) continued to put pressure on the precious metal, acting as a major resistance. However, the downside for gold seems limited due to escalating geopolitical tensions in the Middle East and growing market expectations that the Federal Reserve (Fed) will further cut interest rates in 2025.
Meanwhile, the ongoing air conflict between Israel and Iran has entered its fifth day, exacerbating concerns about further escalation in the region. This ongoing geopolitical uncertainty supports demand for safe-haven assets such as gold. Investors also remained cautious ahead of the Federal Open Market Committee (FOMC)'s two-day policy meeting, the outcome of which could affect the next move of non-yielding gold.
⭐️Technical analysis:
Gold price gets liquidity from the support level below: 3385, 3373 completed, short-term downward trend breaks, gold price will soon return to above 3400.
Set gold price:
🔥Sell gold area: 3443-3453 SL 3458
TP1: $3435
TP2: $3422
TP3: $3407
🔥Buy gold area: $3358-$3350 SL $3345
TP1: $3368
TP2: $3376
TP3: $3390
#SUI/USDT#SUI
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading toward a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 2.90.
We are experiencing a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are heading toward stability above the 100 Moving Average.
Entry price: 3.00
First target: 3.07
Second target: 3.15
Third target: 3.24
GOLD Massive Long! BUY!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 3389.4 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal -3396.3
Recommended Stop Loss - 3385.8
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Gold Potential Bullish ContinuationAfter retracing to the approx. 3370 - 3380 zone, gold still seems to exhibit signs of overall potential Bullish momentum as the price action may form a credible Higher Low with multiple confluences through key Fibonacci and Support levels which presents us with a potential long opportunity.
Trade Plan:
Entry : CMP 3393
Stop Loss : 3286
TP : 3499 (Before All Time High)
AUDJPY Will Go Higher! Buy!
Here is our detailed technical review for AUDJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 94.496.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 95.595 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Gold Rebounds on Safe-Haven Flows – Is the Uptrend Back?Gold attracted some dip-buying interest during Tuesday’s trading session, reversing part of the previous day’s losses as rising geopolitical tensions reignited demand for safe-haven assets.
The market is increasingly pricing in the expectation that the Federal Reserve will begin a rate-cutting cycle in September — a scenario that favors non-yielding assets like gold. However, a modest recovery in the U.S. dollar could act as a headwind in the short term.
If conditions align, XAUUSD may capitalize on its recent upward momentum to resume the broader bullish trend, especially after completing a healthy pullback near the 0.618 Fibonacci retracement — in line with Dow Theory continuation.
Sell Limit Setup above 2025 High📉 AUD/USD – 2H Chart Analysis
🕒 Published: June 16, 2025 | TF: 2H
🔔 Trade Idea: 2x Sell Limit at Key Resistance Zone
🔹 Market Context:
Price is trading within a rising broadening wedge pattern (marked by the white and blue trendlines).
Current rally retraced aggressively toward upper wedge resistance (2025 High), an area that has repeatedly capped bullish momentum.
Price approaching previous supply zone.
🔻 Sell Limit Setup 1
Entry: 0.65400
SL: 0.6584
TP: 0.6503
R:R ≈ 1
➕ Fades rally into resistance
➕ Aligns with EMA structure and intraday exhaustion
🔻 Sell Limit Setup 2
Entry: 0.6550
SL: 0.6584
TP: 0.6499
R:R ≈ 2
➕ Higher entry into wick zone (liquidity trap)
➕ Potential false breakout above structure
➕ SL above key swing high = cleaner invalidation
⚠️ Aggressive short: smaller SL, better RR
USD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 141.669 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GOLD 30MIN Unemployment Claims Data Context
Forecast: 246,000
Previous: 248,000
The weekly initial jobless claims report is a key indicator for the Federal Reserve, signaling the current state and momentum of the U.S. labor market.
Fed Interpretation: Greater Than Forecast
Indication: A figure above 246,000 suggests the labor market is softening more than expected.
Fed Response:
The Fed would view higher-than-forecast claims as a sign of rising layoffs and potential weakening in employment growth.
This outcome increases concern about the durability of the economic expansion and may raise the likelihood of future interest rate cuts, especially if the trend persists.
The Fed would likely emphasize caution in its policy statement and may signal greater willingness to ease policy if labor market weakness continues.
Fed Interpretation: Less Than Forecast
Indication: A figure below 246,000 signals a stronger-than-expected labor market.
Fed Response:
The Fed would interpret lower-than-forecast claims as evidence that the labor market remains resilient, with fewer layoffs and ongoing job creation.
This outcome reduces the urgency for immediate rate cuts and supports the case for holding rates steady, especially if inflation remains above target.
The Fed is likely to maintain a cautious, data-dependent stance, awaiting further evidence before considering policy changes.
Federal Funds Rate Decision Outlook
Expected Outcome:
The Federal Reserve is widely expected to hold the federal funds rate steady at 4.25%–4.50% during the June 18, 2025 meeting.
Supporting Factors:
Inflation is moderating but remains above target.
Labor market data, including unemployment claims, shows stability without overheating.
Economic uncertainties, including trade policies, encourage a cautious approach.
Market Odds:
There is a near 100% probability of no rate change today, with markets focusing on the Fed’s forward guidance and economic projections for clues on future rate moves.
The Federal Reserve is expected to maintain the current federal funds rate range of 4.25%–4.50%, reflecting a balanced approach amid moderating inflation and steady labor market conditions.
Market participants will closely watch the FOMC statement, economic projections, and press conference for any shifts in tone that could influence future rate expectations and market volatility.
Gold within known rangeTechnical analysis: Descending Channel on Hourly 4 chart was discontinued as there was an attempt on the same chart to develop Ascending Channel and extend the Intra-day’s relief rally above #3,402.80 benchmark. My action plan remains intact as I will continue operating with Scalp Sell and Buying orders as long as #3,362.80 - #3,402.80 zone holds (so far it hasn't been crossed again to the upside or downside) and reversal towards #3,417.80 Resistance in extension if #3,402.80 benchmark gets invalidated. Consider the Lower High’s Upper zone test on the Daily chart’s scale, while Hourly 4 chart turned Bearish on my key indicators sessions ago. As expected, yesterday's session Daily candle closed below the #3,395.80 Resistance, widely above both of the Daily chart’s MA’s, turning flat for the session (isolated within Neutral rectangle however). That is a strong indication that the market is attempting to Price the Bottom here (temporary or not), which just so happens to be a Lower High's Lower zone within Daily chart’s Ascending Channel. It is no surprise that today's Hourly 4 chart’s candle is attempting to engage Bearish sequence so far and since its on Bearish Technicals (invalidated Ascending Channel), I consider it the most optimal re-Buy entry for a Short-term recovery back towards #3,288.80 - #3,392.80 Resistance belt or above (representing last week’s High’s).
My position: Even though I mentioned remaining on sidelines, I used #3,388.80 - #3,392.80 as an excellent re-Buy zone and closed my set of Scalping orders within #3,393.80 - #3,398.80 and remained off for the session. It is indeed clash of Bearish Technicals and War news (Fundamentally Bullish) as I will keep my Trading activity to minimum, protecting my capital for now.
CHF/JPY Approaching the Danger Zone🧠 CHF/JPY Daily Chart
🗓️ June 18, 2025
Theme: "Approaching the Danger Zone – Will It Break or Bounce?"
Bias: Cautiously Bearish (near resistance)
Setup: Rising wedge into multi-year resistance zone
🔍 Market Structure Analysis:
The CHF/JPY has been riding a clean bullish wave since early 2025, but the pair now faces its most critical battle zone — the 179.50–180.00 multi-year resistance block, which previously marked a sharp reversal point.
The recent price action shows a rising wedge structure, which is often a bearish reversal pattern, especially when appearing near significant resistance.
🧬 Confluences in Play:
✅ Rising Wedge: Tightening structure indicates exhaustion of bullish momentum.
✅ Major Supply Zone: Price is approaching a high-likelihood reaction zone (180.00), where sellers aggressively took over in the past.
✅ Bearish Divergence Watch: (Not shown but likely developing on RSI or MACD)
✅ EMA Clustering: 15 & 60 EMAs rising, suggesting short-term momentum, but also acting as dynamic support if price breaks lower.
🔁 Scenario-Based Trade Plan:
🟥 Bearish Rejection Setup:
Entry: If price prints a strong bearish engulfing or pin bar near 179.50–180.00
SL: Above 180.20 (liquidity sweep buffer)
TP1: 174.50 (wedge base)
TP2: 172.00 (previous structure support)
TP3: 165.00 (macro demand zone)
R:R Potential: 3–5+
🟩 Breakout Continuation (Contingency Plan):
Buy Stop above 180.50 on strong close + retest
Targeting 184.00+ (measured move from wedge height)
🎯 Key Levels:
Major Resistance: 179.50–180.00
Trendline Support: 174.00
High-Volume Node: 172.00
Major Demand: 165.00–166.00 (long-term)
⚠️ Risks & Considerations:
JPY volatility due to BoJ surprises
CHF is sensitive to risk sentiment → geopolitical/macro shifts can rapidly flip bias
Wedge can fakeout before true move — confirm with volume + daily close
🧵 Summary Thought:
"Price is climbing a narrowing staircase into a wall. Will it punch through or trip on fatigue? Either way — the move from here is likely to be decisive. This is not the time to blink."
Share your Idea please...
#CHFJPY #MJTrading #Chart #Analysis #CHF #JPY
BTCUSD Analysis UpdateBTC/USD Analysis Update 📈
Bitcoin has rebounded successfully after touching the 103500 support level and is currently trading around 105500. However, the ongoing correction may continue to test the psychological support at the 100000 round number in the short term ⚠️.
Key Points:
Support Bounce 🎯: BTC found buying interest at 103500, in line with our previous strategic analysis.
Immediate Resistance 📉: The current rebound faces direct resistance near 106000 (200-hour moving average).
Downside Risk 📉: Failure to hold above 105000 could trigger another decline toward 100000.
Risk Management:
Long positions should set stop-loss below 103000 ⛔️.
Short entries may consider the 106000–107000 range, targeting 102500 and 100000
⚡️⚡️⚡️ BTCUSD ⚡️⚡️⚡️
🚀 Buy@ 102500 - 103500
🚀 TP 106000 - 106500
🚀 Sell@ 106000 - 106500
🚀 TP 103500 - 101500
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
PDMJEPAPER Buy Alert Short Term AnalysisThanks for stopping by.
The notes cover key details. I’ve backed every thesis with my own analysis — no fluff, just what matters to investors.
If you find the idea useful or have suggestions, feel free to leave a comment. Always open to fresh insights.
Kind regards,
Psycho Trader
BTC/USDT in Consolidation: How To Trade the RangeBitcoin (BTC/USDT) is currently in a clear consolidation phase on the 4-hour chart 📊. Price action is trapped within a well-defined range, and for now, no dominant trend has emerged — we’re simply trading sideways between key support and resistance levels 🔁
In the video, we dive into how to tactically approach this kind of environment by trading the lower time frame trend shifts within the range — focusing on lower timeframe moves from range highs to range lows, and vice versa ⬆️⬇️
We also reference the broader macro picture — looking at the NASDAQ (US100) and the Magnificent 7 (MAGS) for potential clues about Bitcoin’s next directional move 🧠💡. Risk-on or risk-off sentiment in these key tech equities often correlates with Bitcoin’s momentum, making them critical confluence factors for BTC traders.
For now, the strategy is to remain range-conscious and reactive, rather than predictive. Until we get a confirmed breakout or breakdown, patience and precision remain key 🎯
NFL- on my watchlist
A rounded base/cup formation is visible, showing a long-term bottoming structure.
The stock has completed a Wave 1 impulse (207.99) followed by an ABC correction.
Elliott Wave Structure:
Primary Wave 1 (completed near ₹208).
ABC correction labeled clearly post Wave 1.
A fresh wave cycle is projected:
Sub-waves 1 and 2 of Primary Wave 3 are marked.
Projections drawn for Wave 3, 4, and 5 in the future (likely reaching above ₹215).
Key Fibonacci Level:
The 0.618 retracement (~₹73.78) held strongly, confirming a solid support zone.
Suggests healthy correction and continuation possibility.
RSI Indicator:
RSI currently around 51.77, neutral territory.
RSI-based MA is below, suggesting early-stage momentum buildup.
Volume:
Noticeable spikes during breakout moves; volume has calmed post-correction.
Investment Note:
Suggested SL: ₹65, with a 3–5 year horizon for investment.
✅ Positives:
Well-Labeled Wave Count: Both impulse and corrective waves are clearly annotated.
Correct Cup Base: Long-term cup base indicates accumulation and breakout potential.
Valid ABC Structure: The correction looks complete, respecting wave guidelines.
Support from 0.618 Fib: Indicates bullish continuation potential.
Projection Path is Logical: The trajectory of future waves aligns with prior wave characteristics.