GBPUSD Approaching Key Psychological Zones!Hey friends 👋
Here’s a fresh GBPUSD analysis I’ve prepared for you. I’m planning to open a **buy** position between **1.32506 – 1.32246**, aiming for a target level of **1.33298**.
Every single like you send my way is a huge source of motivation for me to keep sharing these insights. Big thanks to everyone supporting with a like 🙏
Reversal
LINK : You want the link for the pump?Hello friends🙌
✅considering the recent market decline, the LINK market has also fallen like other currencies, and many of you are afraid that this is the end and the rise is over or is there still a rise?
✅Well, as we have indicated on the chart, after the price fell to the support area marked with Fibonacci, a double bottom pattern was formed and then the price was increased by buyers.
✅In this wave, we drew another Fibonacci and identified the area where the price pulled back, and we believe this currency has good potential for growth.
✅Now you can buy in steps in the specified areas with capital and risk management and move to the specified targets.
🔥Follow us for more signals🔥
*Trade safely with us*
NIFTY50 Closing Price: ₹24,722.75 (4th Aug 2025, 02:00PM UTC+4)Comprehensive Technical Analysis for NIFTY50
world wide web shunya trade
Closing Price: ₹24,722.75 (4th Aug 2025, 02:00PM UTC+4)
Time Frames:
Intraday: 5M, 15M, 30M, 1H, 4H
Swing: 4H, Daily, Weekly, Monthly
1. Japanese Candlestick Analysis
Intraday (5M-4H)
4H: Bearish Engulfing at 24,722.75 signals rejection of highs.
1H: Dark Cloud Cover below 24,750 confirms weakness.
30M/15M: Shooting Stars at 24,720 indicate exhaustion.
5M: Three Black Crows pattern suggests strong bearish momentum.
Outlook: Bearish reversal likely if 24,700 breaks.
Swing (4H-Monthly)
Daily: Gravestone Doji at 24,722.75 warns of trend exhaustion.
Weekly: Bearish Harami after 3-week rally signals distribution.
Monthly: Long-legged Doji at all-time highs (24,800) indicates indecision.
2. Harmonic Patterns
Intraday
4H/1H: Bearish Butterfly completing at 24,722.75 (D-point).
PRZ: 24,700–24,750 (127.2% XA + 161.8% BC).
30M: Bullish Crab forming at 24,600 (secondary setup).
Swing
Daily: Bearish Gartley near 24,750 (78.6% XA retracement).
Weekly: Potential Bullish Bat at 24,500 if correction extends.
3. Elliott Wave Theory
Intraday
4H: Wave 5 of impulse cycle peaked at 24,722.75.
Structure: Completed 5-wave sequence from 24,200 → 24,722.75.
Corrective Phase: ABC pullback targeting 24,500 (Wave A).
1H: Sub-wave (v) ending with RSI divergence.
Swing
Daily: Wave 3 of primary bull cycle nearing completion at 24,750.
Weekly: Wave (iii) of larger impulse, expecting Wave (iv) correction to 24,300.
Monthly: Wave V of multi-year bull run, nearing major resistance at 24,800.
4. Wyckoff Theory
Intraday
Phase: Distribution (after markup from 24,200 → 24,722.75).
Signs: High volume at 24,722.75 (supply), failed upthrust above 24,750.
Schematic: Phase C (markdown) initiating.
Swing
Daily: Late Markup → Distribution at 24,750.
Weekly: Accumulation completed at 23,500; now in Markup but showing signs of exhaustion.
5. W.D. Gann Theory
Time Theory
Intraday: Key reversal windows:
UTC+4: 10:00–12:00 (resistance test), 14:00–16:00 (trend reversal).
Swing:
Daily: 8th Aug (4 days from close) for time squaring.
Weekly: 12th Aug (1 week) for cycle turn.
Square of 9
24,722.75 → Resistance Angles:
0° (24,750), 90° (24,850), 180° (25,000).
Support: 45° (24,500), 315° (24,250).
Angle Theory
4H Chart: 1x1 Gann Angle (45°) from 24,200 low at 24,500. Price overextended.
Daily Chart: 2x1 Angle (63.75°) at 24,722.75 acting as resistance.
Squaring of Price & Time
Price Range: 24,200 → 24,722.75 (522.75 points).
Time Squaring: 522.75 hours from 24,200 low → 24,750 resistance.
Ranges in Harmony
Primary Range: 24,000–25,000 (1,000 points).
50% Retracement: 24,500 (critical support).
61.8% Retracement: 24,380.
Secondary Range: 24,500–24,750 (250 points).
Price & Time Forecasting
Intraday Targets:
Short-Term: 24,500 (61.8% Fib).
Extension: 24,380 (Gann 45° angle).
Swing Targets:
Weekly: 24,300 (Wave (iv) target).
Monthly: 23,800 (38.2% retracement of entire bull run).
6. Ichimoku Kinko Hyo
Intraday (4H)
Cloud (Kumo): Price below Kumo (bearish).
Tenkan-sen: 24,700 (flat, resistance).
Kijun-sen: 24,650 (support).
Chikou Span: Below price (confirms bearish momentum).
Swing (Daily)
Cloud: Thick cloud resistance at 24,750–24,800.
Tenkan/Kijun: Bearish crossover at 24,700.
7. Indicators
Intraday
RSI (14): 68 (4H) → Overbought; divergence at highs.
Bollinger Bands: Price tagging upper band (24,750); contraction signals volatility.
VWAP: 24,680 (acting as dynamic resistance).
Moving Averages:
50 SMA: 24,600 (support).
200 EMA: 24,400 (major support).
Swing
Daily RSI: 72 (overbought, divergence).
Weekly BB: Upper band at 24,800 (resistance).
Monthly VWAP: 23,500 (major support).
200 WMA: 22,800 (long-term bull support).
Synthesized Forecast
Intraday (Next 24H)
Bearish Scenario (High Probability):
Trigger: Break below 24,700 (1H close).
Targets: 24,500 (T1), 24,380 (T2).
Timeline: 8–12 hours (UTC+4 22:00–02:00).
Bullish Scenario (Low Probability):
Trigger: Sustained close above 24,750.
Target: 24,850 (Gann 90° angle).
Swing (1–4 Weeks)
Bearish Scenario:
Targets: 24,300 (Wave (iv)), 23,800 (38.2% retracement).
Timeline: 5–10 trading days.
Bullish Scenario:
Trigger: Close above 24,800.
Target: 25,200 (Gann 180° angle).
For those interested in further developing their trading skills based on these types of analyses, consider exploring the mentoring program offered by Shunya Trade.(world wide web shunya trade)
I welcome your feedback on this analysis, as it will inform and enhance my future work.
Regards,
Shunya.Trade
world wide web shunya trade
⚠️ Disclaimer: This post is educational content and does not constitute investment advice, financial advice, or trading recommendations. The views expressed here are based on technical analysis and are shared solely for informational purposes. The stock market is subject to risks, including capital loss, and readers should exercise due diligence before investing. We do not take responsibility for decisions made based on this content. Consult a certified financial advisor for personalized guidance.
[Deep Dive] OP – Edition 4: Accumulated Pressure!Optimism (OP) may be quietly setting the stage for a classic reversal play — with structure, sentiment, and cycle theory all lining up.
After a sharp markdown throughout Q4 2024 and early 2025, OP has spent several months forming what appears to be a rounded accumulation base. And if history rhymes, a markup phase could be next.
🔍 Phase Breakdown
📉 Markdown
The aggressive downtrend sent OP tumbling from above $3 all the way to the $0.50–$0.60 support region, wiping out months of bullish structure and triggering capitulation.
📦 Accumulation
Since then, the price has been compressing sideways in a tight range, respecting the $0.50 psychological zone while creating a rounded bottom pattern. This sideways action — combined with declining volatility — suggests sellers are exhausted, and accumulation may be underway.
📈 Markup Potential
The current setup mirrors textbook market cycles, where markdown gives way to accumulation, followed by expansion. If OP breaks above the $0.70–$0.85 resistance zone with volume, the door opens for a rally toward $1.85 and even $2.00 — the next key supply zones.
⚙️ Fundamental Fuel
Optimism is more than just a Layer 2 — it’s the engine behind the Superchain vision. With OP Stack now powering not only Optimism but also chains like Base and Zora, the protocol is becoming the backbone of Ethereum’s scalability roadmap.
Recent key updates include:
- New governance structures via RetroPGF Round 3 distribution.
- Continued expansion of OP Stack rollups.
- Growth in on-chain activity and TVL thanks to Base's rapid adoption.
All of this adds up to strong long-term tailwinds — especially if Ethereum Layer 2 narratives reheat.
🧠 What to Monitor Next
🔍 Break above $0.85 = confirmation of phase shift.
📊 $0.50 remains the key invalidation level for the current bullish thesis.
🧨 Watch for volume spikes near resistance — they often precede explosive markups.
💬 Are we witnessing the calm before Optimism’s storm — or just another pause in a longer downtrend?
🔔 Disclaimer: This post is for educational and informational purposes only. It does not constitute financial advice. Always do your own research and manage risk carefully.
📚 Always follow your trading plan => including entry, risk management, and trade execution.
Good luck!
All strategies are good, if managed properly.
~ Richard Nasr
GBPUSD – Bearish Bounce Loading?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPUSD has been overall bearish trading within the falling channel marked in red and it is currently in a correction phase.
Moreover, the blue zone is a strong supply.
📚 As per my trading style:
As #GBPUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SYRUP Priming for a 12% Pop - Longterm ~20% PotentialHey Guys, My last posts were hidden (Again) ty TV, so I'm back at it and keeping it clean and to the point:
Maple Finance
SYRUPUSD
is forming a base at the $0.40 zone after a steep downtrend. Looks like the bleeding's slowing down and we're seeing signs of accumulation.
🍯 Entry: $0.402 - $0.4045
🛑 Stop: $0.3825 (5.4% risk)
🎯 Target 1: $0.4479 (+12.1%)
🚀 Target 2: $0.5100 (+20.6%)
📐 R/R Ratio: ~2.2
This is a structure-based long setup:
Flattening EMAs
Volume compression
Lower wick absorption (buyer presence showing up quietly)
💡 Target 2 ($0.5100) is not a short-term scalp – that's the stretch target IF this turns into full accumulation. Full exit at T1 is a solid take.
More setups on the way.
USDJPY - Now or Never!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈USDJPY has been overall bullish trading within the rising channel marked in blue and it is currently retesting the upper bound of the channel acting as an over-bought zone.
Moreover, the green zone is a strong weekly resistance.
📚 As per my trading style:
As #USDJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USD Turns GBP On Its "Head"FX:GBPUSD has formed a Head & Shoulders Pattern!
Price has already broken down below the "Neckline" to Confirm that Pattern.
Currently, Price is working its way back up to retest the Breakout and if the level is strong enough and holds, we could see Price follow through with its reversal to lower prices!
If the retest is successful, the May 12th Lows of 1.31741 - 1.31394 could be a good Support level to set as a Price Target.
Now we wait for a Retest!
USDCHF Signals Wave 3 With Double Bottom!OANDA:USDCHF has not only formed a Double Bottom Pattern but also may be generating a potential Elliot Impulse Wave!
Bulls are giving the April & June Lows of .8038 - .8088, another go for a second time today after surpassing the first attempted High created July 17th to break above the level.
So far Price today has broken above July 17th Highs and if Bulls are able to hold this level, this would Confirm:
1) A Breakout of the Double Bottom
2) Wave 3 continuing the Impulse Wave in the Elliot Wave Theory!
The Higher Low @ .79106 created on July 25th, broke the downtrend structure as a 78.6% retracement of the Lower Low @ .78719 created July 1st which was a new 14 Year Low, finishing Wave 2 and initiating Wave 3 of the Impulse Wave.
The Extension of Wave 3 typically will end at the 1.236% or 1.618% level which gives us 2 potential Price Targets to start:
Price Target 1) .81479 - 1.236%
Price Target 2) .82213 - 1.618%
Once Wave 3 has ended, we will look for opportunities at the Wave 4 - Wave 5 juncture!
EUR/CAD: Shorting the Climactic Rally Near 1.6000The strong rally in EUR/CAD has pushed the pair into extreme territory, approaching a major psychological and structural resistance zone. While momentum has been strong, this looks like a potential climactic or "blow-off" top, offering a highly favorable risk/reward opportunity to short the pair in alignment with the weak underlying Euro fundamentals.
The Fundamental Why 📰
The core thesis remains bearish for the Euro. The European Central Bank (ECB) maintains a distinctly dovish tone, signaling a willingness to ease policy further to support a slowing Eurozone economy. This fundamental headwind suggests that extreme rallies in Euro pairs are often exhaustive and present prime shorting opportunities.
The Technical Picture 📊
Major Supply Zone: The price is entering a critical multi-month supply zone between 1.5950 and the key psychological level of 1.6000. This is a major ceiling where significant selling pressure is anticipated.
Fibonacci Extension: This area aligns with a key Fibonacci extension level (1.272) from the last major impulse wave, a common zone where trending moves become exhausted and reversals begin.
Pronounced RSI Divergence: A clear bearish divergence is forming on the daily chart. As price makes this final push to a new high, the Relative Strength Index (RSI) is making a significantly lower high, signaling a deep exhaustion of buying momentum.
The Counter-Trade Rationale 🧠
This is a high-level fade. We are positioning for a reversal at a major, technically significant ceiling. The extreme price extension, combined with clear momentum divergence, indicates that the risk of buying at these highs is substantial. By shorting here, we are betting that the powerful technical resistance and weak fundamentals will trigger a significant correction.
The Setup ✅
📉 Pair: EUR/CAD
👉 Direction: Short
⛔️ Stop Loss: 1.63230
🎯 Entry: 1.59490
✅ Take Profit: 1.52008
⚖️ Risk/Reward: ≈ 2:1
A tale of two wedgesIn early 2025 we’ve seen two classic wedge patterns on two of the market’s most watched charts: a falling wedge on the U.S. Dollar Index ( TVC:DXY ) and a rising wedge on the S&P 500 ETF ( AMEX:SPY ). Alone each tells its own tale—but together they sketch a tug‑of‑war between a fading dollar and resilient equities.
The Falling Wedge on DXY
A falling wedge in a downtrend signals waning bearish momentum and often precedes a bullish reversal once price breaks the upper trendline.
The Rising Wedge on SPY
A rising wedge in an uptrend is classically a bearish reversal pattern —a breakdown below the lower trendline confirms sellers are gaining control.
A Converging Reversal
Given the well‑known inverse correlation between the dollar and most assets, it’s noteworthy that both asset classes are flashing signs of a reversal. Taken together that makes a compelling argument.
CHFJPY - The Bulls Are Exhausted!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈CHFJPY has been overall bullish trading within the rising channel marked in blue and it is currently retesting the upper bound of it.
Moreover, the green zone is a strong supply.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and green supply.
📚 As per my trading style:
As #CHFJPY is hovering around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Why a USD Bounce Could Trigger a Stock PullbackThe US Dollar has faced brutal selling during the first half of 2025. Some are even questioning whether the Dollar’s global hegemony is at risk. Early in the year the US stock market AMEX:SPY sold off aggressively, falling 19% from mid‑March to early April. Since then stocks have more than regained their losses and the Dollar is still in the tank. So where does that leave us for the rest of the year?
The Dollar Inverse Correlation
The US Dollar has an inverse correlation to most everything. Stocks, bonds, crypto, commodities, real estate — all are measured in Dollars. Therefore when the Dollar loses value, all things equal it takes more of them to reach the same value those assets were denominated at before. Conversely when the Dollar rises, other assets lose value in Dollar terms. Here we can see a long standing inverse correlation to stocks AMEX:SPY
Dollar in oversold territory
The Relative Strength Index (RSI) is a momentum oscillator that measures the magnitude of recent price changes on a scale from 0 to 100 to help identify overbought (above 70) or oversold (below 30) conditions. The Dollar has hit oversold several times so far this year, but not yet staged a material recovery.
Stocks in overbought territory
Meanwhile stocks have staged a blistering rebound off the "Liberation Day" driven selloff earlier this year. The S&P 500 now sits at an all‑time high, and you guessed it, has tapped overbought twice this month.
USD is fundamentally attractive
Because investors seek to earn the highest available yield on their capital, they tend to move funds into currencies offering higher interest rates (and away from those with lower rates), so differences in policy rates across countries create incentives for cross‑border borrowing and lending that drive FX flows. For example the Fed ( ECONOMICS:USINTR ) is at 4.5%, and the ECB ( ECONOMICS:EUINTR ) is at 2.15%. Moreover the Dollar is down significantly against major trading pairs that have lower yields. In our prior example the Dollar is down 11.98% against the Euro YTD (1- FX:EURUSD ), leaving substantial room for capital gains. Gravity could lure FX traders back in the second half of 2025.
Tariff calculus
Tariffs tend to bolster the imposing country’s currency in two main ways: by making imports more expensive they reduce import volumes, improving the trade balance (i.e. fewer foreign‑currency outflows), and by collecting duties in domestic currency the government effectively withdraws that currency from circulation, increasing its relative scarcity. Both effects lift demand for—and support the value of—the home currency.
Putting it all together
Despite the TVC:DXY ’s ~10.8% YTD slide and repeated oversold conditions, the compelling carry trade sets the stage for a USD bounce that, in turn, could pressure overextended equities. With stocks stretched and the Dollar oversold, the carry‑driven rebound in USD could well presage a pullback in equities. Stocks are expensive, Dollars are cheap 🤑
Gold Futures – Closing Longs and Flipping Short at Key Fib🔴 Gold Futures – Closing Longs and Flipping Short at Key Fib Confluence
Instrument : Gold Futures – COMEX ( COMEX:GC1! )
Timeframe : 15-Minute
New Position : Short
Entry Zone : ~3442
Target : ~3362
Stop Loss : ~3458
Risk/Reward : Approx. 6.5+
Setup Type : Reversal from Overextension / Fib Resistance
💡 Trade Recap & Strategy Shift
We’ve officially closed both our recent long entry and our larger swing long position, locking in substantial profit on this move off the 0.618 retracement.
Now, we’re flipping short based on the following:
Price reached the 0.146 Fib extension from the previous retracement leg, a level often overlooked but powerful when confluence lines up.
Trendline resistance from the upper channel has been tagged.
Momentum is showing early signs of stalling after a strong vertical push — textbook overextension.
The rally into this level lacked divergence or structural buildup, increasing the chance of a snapback.
🛠️ Short Setup Details
Entry: 3442 (after signs of exhaustion near Fib confluence)
Target: 3362 (prior structure + 0.382 retracement)
Stop Loss: 3458 (just above high / resistance zone)
Risk/Reward: 6.5:1 — excellent profile for a countertrend play.
📌 Watch For
A break below 3390 will be key confirmation of momentum shifting back down.
Failure to hold 3442 on a retest will invalidate the short and re-open the door for a squeeze higher to 3476/3480.
With trend exhaustion in sight and high confluence resistance overhead, we’re taking the opportunity to pivot short — fully aware of the volatility this region can bring.
USD/JPY: The 150.00 Rejection SignalThe chart for USD/JPY looks like a simple one-way street going up. But underneath the surface, my quantitative models are in a state of conflict, and that's a high-clarity signal that something is about to change.
This isn't a signal to short right now. This is a signal to be patient and watch for a very specific setup that the "smart money" models are anticipating.
The Quant Conflict 🤖
My analysis involves several different mathematical models. Here's the situation:
One model, which is great at tracking trends, is still signaling BUY , following the obvious upward momentum.
However, two other, more complex models that analyze the relationships between economic data are now flashing a SELL signal. They are detecting underlying weakness that the price chart isn't showing yet.
When the simple trend model and the complex structural models disagree, it often means a major turning point is near. We are siding with the smarter models, but we need price action to confirm their warning.
The Game Plan 📊
We will use the 150.00 level as our "line in the sand." We are waiting for the market to fail at this level and then break down, which would confirm the bearish quant signal. This is our high-probability entry trigger.
Here is the exact setup we are waiting for:
📉 THE SETUP: A patient short position, waiting for confirmation of a breakdown.
👉 ENTRY: We enter only on a confirmed daily close below 148.00.
⛔️ STOP LOSS: Place the stop just above the psychological wall at 150.25.
🎯 TAKE PROFIT: Our primary target is the major support level at 145.00.
This is a setup where patience pays. We are letting the market do the hard work and show its hand before we commit. Let's watch this one closely.
RENDER - [Double bottom] - Resistances are meant to be broken- RENDER has successfully bounced back from the support by forming the double bottom pattern.
- Double bottom pattern is bullish pattern, when it forms at the strong support it becomes extremely bullish. this is one of such scenario.
- Im expecting some minor resistance at the local resistance around 4.3
- A successfull breakout this local resistance will push the price further high.
Entry Price: 3.941
Stop Loss: 2.378
TP1: 4.413
TP2: 5.350
TP3: 6.887
TP4: 8.092
TP5: 9.810
Max Leverage 5x.
Don't forget to keep stoploss.
Support us by Liking and following.
Thanks and Cheers!
GreenCrypto
"Three Drives" And EURJPY Bulls Could Be Out!!OANDA:EURJPY has potentially been forming quite a rare Reversal Pattern, the Three Drives Pattern, after making a Bullish Breakout of the Triangle, lets break it down!
Three Drive Patterns are very similar to ABCD patterns except for one thing, a Retracement instead of a Reversal after the CD Leg is finished!
In the CD Leg, Price creates quite a Trading Volume Gap between 172.1 - 171.8 and after Price declines from Point D (normally a Short Opportunity on an ABCD Pattern), Price actually makes a 61.8% Retracement of CD, creating Point E in that very Price Range and moves up, which "drives" a strong case that we potentially could be looking at a Three Drive Pattern!
Now that we have Point E, we can use the Fibonacci Retracement Tool to help give us an idea on where the Extension of the EF Leg could potentially end and the Fibonacci Levels suspected are:
123.6% --> 173.585
138.2% --> 173.795
161.8% --> 174.134
Once Price has made an Extension, shows Reaction, and moves Down from these levels; this could generate a great Short Opportunity!
EURJPY - Still Over-Bought!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURJPY has been overall bullish trading within the rising channel marked in blue. However, it is currently retesting the upper bound of the channel.
Moreover, the green zone is a major weekly supply.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and weekly supply.
📚 As per my trading style:
As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.