NEM SHORT IDEANEM Insurance stock is ready to have a drop. There's a bearish divergence signal from the awesome oscillator showing that there's a high tendency for the price of the stock to drop as much as to 11.65 and below that value. Any value below 11.50 is the discount level where there can be a potential for the next long opportunity.
Looking at the past data, some patterns were revealed. In September 2016, there was a bearish divergence signal and the price dropped from around 3.71 to around around 1.51. Likewise, in September 2022, there was a bearish divergence and the price dropped from around 5.65 to around 3.71. Similar pattern is what is repeating itself showing that there's a higher probability that the price dropped into the discount level. For an investor holding this stock, this maybe a signal to sell and wait for another long opportunity. For a trader, it's an opportunity to short the stock, targeting the discount price around 11.65.
Confluences for the short signal:
1. Price is showing higher high while awesome oscillator is showing lower high indicating bearish divergence.
2. When similar patterns occured in the past, price dropped into the discount level.
3. A bearish engulfing candlestick had been formed showing that price is likely going to drop further.
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
Technical Analysis
NASCON LONG IDEA CONTINUATIONNASCON stock reached its all time high value of around 77 in January 2024. This happened after a bearish divergence signal from the awesome oscillator. Then, it dropped into the discount level. After which a bullish divergence signal was given, followed by a breakout. Since that breakout, price has been going up and rally for the all-time-high value. The first long opportunity could have been in November 2024 when the price was around 30. The next opportunity was when the price was around 44. Then the next opportunity was when price was around 54. Joining the rally now is not too late since the stock has a potential to hit 77.
Confluences for the long idea
1. Price was coming from the discount level.
2. Price broke out of a down trend line.
3. Price has been rally after a bullish divergence signal given by the awesome oscillator.
4. Bullish engulfing candlestick was formed recently after breaking a key level.
Disclaimer: this is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
Berger Paints PLC Berger Paints PLC stock is showing a bullish signal for appreciating in value. The price dropped into a discount level and broke a down trend line with a strong bullish candle, closing above the trendline. This happened when the price was also in an oversold region as indicated by Awesome Oscillator.
Currently, there has been a pull back with a rejection, showing more confidence in the bullish move. The stock can be bought at the current price while targeting 24, 26.60 and 30.80 as the final target based on the Fibonacci level.
Confluences for the long signal:
1. Price is coming from a discount level
2. Price was in oversold level before and it is showing more bullish signal
3. Price had broken out of a down trend line with a strong bullish candle
4. There was a strong rejection from last week candle.
Disclaimer: this is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you don't accept the risk.
RT BRISCOE PLC LONG IDEART BRISCOE PLC stock, after reaching its all time high, dropped to discount level. Currently, it has broken out of down trend line with a strong weekly bullish candle closing above a the down trend line and resistance level. The awesome oscillator is also in the oversold region with a bullish signal. An aggressive trader or investor can buy at the current price while a conservative trader or investor may wait for a drop to around 2.20 and 2.30 to place a buy. While you can also so spread your risk by buying at the current market price and add more positions when price drop towards the resistance turned support.
The entry is at the current market price or buy at 2.20 while the stop can be at 1.73 and the target can be around 2.90 and 4.30.
Confluences for the long signal:
1. Price is in discount level
2. Price broke out of a down trend line and resistance level with a strong bullish candle.
3. Awesome oscillator is in oversold region and showing bullish signal.
Disclaimer: this is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
TradeCityPro | ADAUSDT Is It Time to Buy Cardano?👋 Welcome to TradeCityPro Channel!
Let’s dive in and analyze one of the market’s favorite coins, Cardano (ADA), which is in a strong position compared to most altcoins and is holding at higher resistance levels.
🌐 Overview Bitcoin
Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.
This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.
Bitcoin Chart
📊 Weekly Timeframe
On the weekly time frame, ADA, like SOL, SUI, XRP, and most of the top ten coins in the market, is still in a better situation, with the price fluctuating at higher levels.
After being rejected at 1.1983 and losing support at 0.7959, we experienced a sharp drop to 0.50, driven by panic in the market due to Trump and U.S. tariffs on other countries.
Currently, in the weekly time frame, we’re still at higher levels compared to most of the market, and we can expect a strong move going forward. It’s worth noting that breaking 1.1988 will provide the best trigger for a buy.
📈 Daily Timeframe
Interesting things are happening on the daily time frame, and we’re clearly still at higher levels than other altcoins. If the market itself undergoes a trend change, we can be ready for a long trigger sooner.
After breaking 0.8204 and losing the 0.236 Fibonacci level, we experienced a sharp decline that also saw high volume. I expected that after this volume, we’d transition from volatility to forming a range box, and that’s exactly what’s happening. We’re forming a box between 0.6777 and 0.8204, but if today’s daily candle closes as it is, the downtrend will continue!
Additionally, after this event, we had a break of the support floor that turned out to be a fakeout, leading us to establish a new support level. Currently, our most important support is 0.6090, and we’re moving along a daily trendline. If we bounce from this trendline and break the 0.8419 resistance, it will be the best trigger for a buy. On the other hand, if the support breaks and we lose the 0.7417 low, we can go for a short position.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BSV/USDT Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring BSV/USDT for a buying opportunity around 36.10 zone, BSV/USDT was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 36.10 zone.
Trade safe, Joe.
Confirmed Breakout and Retest of Channel Resistance.Entry Zone: We recommend accumulating Rolex Rings Ltd. in the zone of ₹1,460 - ₹1,500. This area represents a crucial retest of the broken descending channel's resistance, now acting as strong support.
Target 1 (T1): ₹1,580
Target 2 (T2): ₹1,650
Target 3 (T3): ₹1,750 (Extended target if momentum remains strong)
Stop Loss (SL): ₹1,400 (Strictly on a daily closing basis)
Rationale:
Clear Channel Breakout: The stock has executed a textbook breakout from a well-defined multi-month descending channel. This indicates a significant shift in the underlying trend from bearish to bullish.
Successful Retest: Post-breakout, the price has pulled back to retest the upper boundary of the channel, which is a classic technical confirmation of a valid breakout. The retest appears to be holding, suggesting the former resistance has turned into reliable support.
Volume Confirmation: The initial breakout was supported by decent volumes, and the current consolidation/retest phase is occurring on relatively lower volumes, which is typical before the next leg up.
RSI Bullish Momentum: The Relative Strength Index (RSI) is maintaining its position above the 50-mark and shows bullish bias, supporting the upward price momentum.
Favorable Risk-Reward: The current entry point offers an attractive risk-reward profile for a short-term trade, with the potential upside significantly outweighing the downside risk defined by the stop-loss.
Key Risk: A decisive daily closing below ₹1,400 would invalidate the bullish breakout and retest pattern, suggesting a false breakout or a resumption of the downtrend. Strict adherence to the stop-loss is advised.
Disclaimer : This report is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Equity investments are subject to market risks.
For Education purposes only
XAUUSD - Potential Breakout/Rejection at Trendline ResistanceXAUUSD is currently consolidating within a potential ascending triangle pattern on the 2-hour chart, supported by an upward sloping trendline (in green). Price is nearing a critical juncture as it approaches a downward-sloping resistance trendline (in red).
Potential Scenarios:
Bullish Breakout: A decisive break above the red resistance trendline could signal a continuation of the upward trend. Look for confirmation with strong bullish candle closes and increased volume. Potential targets could be previous highs.
Bearish Rejection: A rejection at the red resistance trendline, confirmed by bearish candle patterns, could indicate a potential move back down towards the green support trendline.
Risk Management:
Always use proper risk management.
Only risk what you can afford to lose.
Adjust position size according to your account size and risk tolerance.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should always do your own research before making any investment decisions.
OMNI ANALYSIS📊 #OMNI Analysis
✅There is a formation of Descending Channel Pattern in daily time frame in #OMNI .
Also there is a perfect breakout and retest. There is an instant trending formation in #OMNI and if #OMNI breaks the trend line then we would see a bullish trend .
👀Current Price: $2.74
🎯 Target Price : $7.49
⚡️What to do ?
👀Keep an eye on #OMNI price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#OMNI #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
GBPAUD: Bullish Bias Remains 🇬🇧🇦🇺
I already shared a confirmed bullish breakout of a falling trend line on a daily.
Though the price went a bit lower, below that after its retest,
we have a significant horizontal support cluster that strongly holds.
I think that the price may start rising from that and reach
2.1 level this week.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD 4H - Key Reversal or Breakout Incoming ?It’s been an incredible run for GOLD leading up to this point, however we are now currently testing a major inflection zone around the $3,369–$3,414 level (R1-R2), intersecting both a bearish supply zone and descending trendline resistance. Price thus far has been riding a strong bullish trendline from mid-May, forming a clean ascending structure.
We’re now at a decision point:
• Bullish scenario: If price breaks above the 33669 (R1) & $3414 (R2) levels and holds, we could see a sharp move toward the ATH at $3,500. This would confirm trendline support and invalidate the supply zone.
• Bearish scenario: A rejection here could break the trendline and send gold back down to $3,280 (S1), with deeper targets around $3,205 (S2) if momentum accelerates.
MACD looks like it’s losing momentum and volume has been drying up a bit on this leg higher, possibly hinting at bullish exhaustion up here.
Considering the big picture context: FED rate cuts loom further out now with inflation still sticky, which puts pressure on gold short term. But longer term, central bank demand + global economic uncertainty still keeps the bias tilted bullish overall.
Position: OPEN
I still have my long position open from $3205ish however I did trim some on Friday and currently waiting for confirmation, it’s either a breakout & retest to the upside or a clean breakdown of the ascending trend line for shorts.
Daily / 4hr time frames are key here, watch for a close above or below for confirmation.
Let the market show its hand.
All the best dear traders and good luck for the week ahead !
USDJPY – Diverging Policies Drive Yen into Pressure Zone near 14USDJPY – Diverging Policies Drive Yen into Pressure Zone near 144
🌍 Macro Landscape: JPY Stuck Between Two Diverging Forces
In recent weeks, the US dollar has regained strength as the Federal Reserve remains committed to its "higher-for-longer" interest rate stance. On the flip side, the Bank of Japan (BoJ) is maintaining an ultra-loose monetary policy, widening the yield spread between the USD and JPY, and putting pressure on the yen.
The surge in US 10-year yields toward 4.5% is further dampening demand for JPY as a safe haven, prompting institutional capital outflows from the yen and inflows into USD-based assets.
🏦 Central Bank Policy Divergence: Fed Remains Firm, BoJ Stays Dovish
Federal Reserve: FOMC members continue to signal patience on rate cuts. Recent inflation data (PCE, CPI) shows sticky price pressure, especially in services.
Bank of Japan: BoJ remains hesitant to normalize policy despite inflation consistently above the 2% target.
This policy divergence is reminiscent of the conditions that pushed USDJPY above 151 last year — and current dynamics hint that history may repeat.
🌐 Capital Flows: JPY Loses Safe-Haven Appeal
Global capital flow models indicate a major shift. While gold and the US dollar are once again sought-after hedges amid US-China tensions and EU fiscal risk, the Japanese yen is being overlooked.
Japan’s debt-to-GDP ratio — the highest in the G7 — forces BoJ to maintain low rates to keep the fiscal structure sustainable. As a result, JPY is no longer viewed as a reliable store of safety.
📊 Technical Structure: Momentum Building Toward 144.1
On the H1 chart:
Price bounced sharply from the 142.33 demand zone, forming a higher low.
EMA 13 – 34 – 89 show a bullish alignment ("fan-out formation") confirming short-term bullish momentum.
Resistance near 144.13–144.20 is key: a clean breakout could trigger an extended rally to 145.00+
However, this zone may also trigger profit-taking, especially if traders react to upcoming macro data.
🎯 Trade Strategy Recommendations
Scenario 1 – Buy the Pullback (Preferred):
Entry: 142.70 – 142.90
Stop-Loss: 142.30
Take-Profit: 143.80 → 144.13 → 144.60
Scenario 2 – Breakout Momentum Buy:
Entry: 144.15
Stop-Loss: 143.70
Take-Profit: 145.00 → 145.50
⚠️ Key Events to Watch:
US PCE Price Index (April): If hotter-than-expected, this would reinforce the Fed’s hawkish tone and lift USD.
BoJ Governor Speech (end of week): Any unexpected hawkish shift could trigger a short-term rebound in JPY.
EUR/GBP Bullish Breakout Forming – Falling Wedge & Retest SetupEUR/GBP has been in a prolonged downtrend over the past several weeks, characterized by lower highs and lower lows. However, the recent price action shows signs of exhaustion in selling pressure, as the candles begin to compress into a Falling Wedge pattern — a classic bullish reversal formation.
The wedge is defined by two descending, converging trendlines. As price moves closer to the apex of this wedge, volatility contracts and volume typically dries up (not shown here, but conceptually expected). This signals that market participants are preparing for a directional breakout, most likely to the upside in this context.
🔍 Key Technical Elements:
🔸 1. Falling Wedge Pattern:
The Falling Wedge is a bullish setup that forms during a downtrend and signals a potential reversal when confirmed. Price here has followed a steady decline, but the slowing momentum and structure of the wedge suggest the sellers are losing control.
The wedge acts as a compression zone, where bearish moves are becoming less impactful.
Price touches both upper and lower wedge boundaries multiple times, increasing pattern validity.
A breakout has already occurred, and the pair is now undergoing a textbook retest of the broken wedge resistance (now acting as support).
🔸 2. Retest at Key Support Zone (SR Interchange):
The retest is happening precisely at a former support/resistance flip zone, labeled SR – Interchange on the chart. This is a historically significant area where price has reacted multiple times, adding confluence to the setup.
If this level holds during the retest, it may invite strong buying interest, fueling the bullish breakout move.
🔸 3. Resistance Zones & Targets:
Inner Resistance (~0.8460): First hurdle for bulls; breaching this will signal strong momentum.
Minor Resistance (~0.85618): This is the primary target of the setup, based on previous structure and wedge height projection.
Major Resistance (~0.8740): A longer-term bullish objective if momentum sustains beyond the first two targets.
These zones serve as logical areas for profit-taking and reassessment.
📐 Measured Move & Target Projection:
The projected breakout target of 0.85618 is derived using a combination of:
The vertical height of the wedge at its thickest point.
Previous market structure resistance zones.
Fibonacci and price symmetry (if analyzed further).
This target also aligns with a previous supply zone, making it a strong magnet for price if bullish momentum kicks in.
💡 Trading Plan (Not Financial Advice):
This setup provides a good risk-to-reward opportunity if executed with patience and proper confirmation:
Entry Zone: After bullish confirmation at the retest (e.g., bullish engulfing candle, pin bar, or break of minor lower high).
Stop Loss: Below the SR Interchange zone or recent swing low (~0.8350–0.8360).
Target 1: Inner Resistance (~0.8460)
Target 2: Minor Resistance (~0.85618)
Target 3 (extended): Major Resistance (~0.8740)
🔄 Market Psychology:
This chart setup reflects a shift in momentum and sentiment:
Sellers have driven the price down consistently but have failed to create new significant lows with force.
Buyers are stepping in at key demand zones, creating higher lows within the wedge.
The breakout suggests smart money accumulation, and the current retest offers one of the last low-risk entries before a broader move.
🔔 Confirmation to Watch:
Bullish reversal candlestick patterns at the retest zone.
Break above local lower highs near 0.8440–0.8460.
Momentum indicators (if used) showing divergence or crossover confirmation.
📉 Bias:
Short-Term Bullish
Valid if support at 0.8390–0.8400 holds and price confirms breakout continuation.
🧠 Minds Post (Expanded Explanation)
Title: EUR/GBP Bullish Reversal Developing – Falling Wedge Breakout Retest
EUR/GBP has broken out of a textbook falling wedge on the 4H chart, which often signals the end of a downtrend and beginning of a new bullish phase. The price is currently pulling back, testing the breakout zone — a crucial step in confirming the validity of the breakout.
If this retest holds, we may see a sharp move toward the 0.8460 and 0.8560 levels — both key resistances based on past price action.
This pattern reflects a deeper market psychology shift — from consistent bearish dominance to a potential bullish takeover. Smart money may already be positioning here.
I’m watching for confirmation at the support zone around 0.8390. If price holds and breaks above local highs, a continuation toward the upper resistance is likely.
Let the market come to you. Don’t chase. Wait for structure, then trade with confidence.
Pullback or Deeper Reversal After False Breakout Near 1.1425? EUR/USD Weekly Plan: Pullback or Deeper Reversal After False Breakout Near 1.1425?
🧭 MARKET OVERVIEW
EUR/USD surged toward a new monthly high at 1.1425 earlier this week but quickly lost momentum and retraced to the 1.137x zone as the US Dollar bounced back. While the short-term recovery in DXY supported the dip, macro uncertainty surrounding Trump’s erratic trade policies continues to raise questions about the dollar’s long-term credibility.
Meanwhile, Germany’s revised Q1 GDP growth of 0.4% (vs. 0.2% prior) helped support EUR, reinforcing its appeal as a safe alternative to the greenback.
📊 TECHNICAL ANALYSIS (H1 Chart)
Main Trend: Short-term correction after strong bullish rally
Resistance Levels:
1.14165 → Previous top, strong reversal zone
1.14017 → Minor supply zone
Support Levels:
1.13476 → Key break structure zone
1.12791 → Daily demand zone & previous FVG bottom
Indicators:
EMA 20 & EMA 50 crossover signals weakening bullish momentum
Price Pattern: Potential double top forming below 1.1425
🌐 MACRO & FUNDAMENTAL CONTEXT
Trump’s tariff threat postponed to July 9, but his unpredictable tone weakens USD trust.
Germany Q1 GDP upgraded to 0.4% → boosts confidence in Eurozone’s economic resilience.
ECB expected to cut rates in June, with policymakers showing confidence inflation will reach 2% target this year.
This week’s key focus:
→ US PCE Price Index (April)
→ EU May HICP (CPI)
These will drive short-term volatility and determine breakout/reversal confirmation.
✅ TRADE SETUPS
🔴 SELL ZONE:
Entry: 1.1400–1.1416
SL: 1.1440
TP: 1.1382 → 1.1347 → 1.1279
🟢 BUY SCALP ZONE:
Entry: 1.1345–1.1347
SL: 1.1320
TP: 1.1382 → 1.1400
📌 Preferred scenario: Look for bearish confirmation around 1.1400–1.1416 to enter short. Avoid aggressive buys unless price strongly holds above 1.1384.
🧩 CONCLUSION
EUR/USD is showing signs of exhaustion after testing 1.1425. If bears reclaim 1.1384 and hold below 1.1347, deeper correction toward 1.1279 is likely. Conversely, if bulls defend 1.1345 and CPI/PCE data disappoints, price may retest highs.
EUR/USD Breakdown Imminent – Rising Wedge at Major ResistanceOn the 1H chart, EUR/USD has developed a Rising Wedge pattern, a classical bearish reversal formation. The pair has been moving higher within a tightening structure, marked by converging trendlines—indicating weakening bullish momentum.
What makes this pattern more compelling is that it’s occurring just below a well-defined Major Resistance Zone around 1.1380–1.1400, where previous attempts to break higher have failed. This area has historically acted as a strong supply zone, increasing the probability of a reversal.
🔍 Key Technical Components:
Rising Wedge Pattern: The wedge reflects a temporary uptrend with weakening strength. Bullish candles are getting smaller, and volume appears to be fading (not shown here but typically expected in this setup).
Black Mind Curve Support: A custom support curve illustrating the underlying parabolic trend. Once this is broken, it often leads to a steeper selloff.
Change of Character (CHOCH): Around the 1.1260 level, there's a possible shift from bullish to bearish structure. If price breaks and closes below this level, it will likely confirm a momentum reversal.
Target Projection: The measured move and previous structural support suggest a drop toward 1.11479, which coincides with a prior demand zone. This also aligns with a potential liquidity sweep beneath recent lows.
🔔 Price Action Signals to Watch:
Bearish engulfing candles or strong rejections from the wedge’s upper boundary.
Breakdown below the lower wedge line and the curved support.
CHOCH confirmation – market structure shift from bullish to bearish around 1.1260.
Retest of the wedge breakout level, followed by continuation to the downside.
📌 Trading Plan (Not Financial Advice):
Entry: On break and retest of wedge support.
Stop Loss: Above the wedge high or resistance (~1.1400).
Target: 1.11479 for first take-profit level; partials can be taken at 1.1260 if needed.
📉 Bias:
Short-Term Bearish – Only upon wedge breakdown and confirmation.
🧠 Minds Section (Expanded for Traders' Perspective)
EUR/USD is approaching a critical technical juncture. We are seeing a textbook rising wedge formation into a major resistance zone, signaling exhaustion of bullish strength. While the pair has enjoyed upward momentum, price action is showing signs of slowing, and the structure is no longer sustainable.
This pattern often traps late buyers before reversing. We are closely watching the lower wedge boundary and curved support—a breakdown here will likely trigger bearish momentum, especially with the CHOCH area near 1.1260 acting as a structure-defining level.
If sellers gain control and the breakdown confirms, there’s high probability for a fall to 1.11479, targeting prior demand zones and potential liquidity pockets.
Now is the time to be cautious if long, or begin planning short setups. Wait for confirmation—no need to rush the trade.
EURUSD - SHORT PREDICTION - MONDAY, 26TH MAY 2025A pullback appears to be underway, following a sweep of inducement around the 15-minute level at 1.13900—marking our first significant Change of Character (CHoCH). This shift aligns with the broader narrative from the 1-hour timeframe, suggesting the potential for a deeper retracement into the extreme 1H order block.
With the current price trading around 1.13777, we anticipate a move back up to the 1.14078 level. This area is of interest for initiating short positions, in line with the ongoing correction.
Our first take-profit target is set at 1.13368, where we expect an initial reaction. Should bearish momentum continue, we foresee price extending lower to sweep the previous daily low at 1.12771 and potentially tapping into the daily external order block at 1.12664.
From there, we’ll closely monitor price behavior. If bullish intent begins to form, we’ll assess the potential for long setups targeting a move back toward the weekly high at 1.14190.
USDCAD: Bearish Outlook For This Week Explained 🇺🇸🇨🇦
USDCAD will likely continue a bearish trend that the market
established in February.
A bearish breakout of a support line of a horizontal parallel
channel on a daily provides a strong confirmation.
Next goal - 1.3655
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
#COOKIEUSDT maintains bearish momentum📉 SHORT BYBIT:COOKIEUSDT.P from $0.2787
🛡 Stop loss: $0.2925
🕒 Timeframe: 4H
✅ Market Overview:
➡️ A Rising Wedge pattern has formed and broken down, confirming bearish momentum.
➡️ Price has broken below the wedge and the POC level at $0.2976, turning it into resistance.
➡️ Strong volume cluster at $0.2976–$0.2925 is now likely to act as a rejection zone.
➡️ Bearish pressure is visible through high-volume red candles.
➡️ Arrows on the chart indicate a continuation toward the take-profit levels.
🎯 TP Targets:
💎 TP 1: $0.2660
💎 TP 2: $0.2515
💎 TP 3: $0.2395
📢 Watch how price reacts BYBIT:COOKIEUSDT.P to TP1 — weak bounce may signal room for deeper drop.
🚀 BYBIT:COOKIEUSDT.P maintains bearish momentum — further downside expected!
Will It Break Through 3366 or Reversal Ahead of NFP Week? XAU/USD PLAN – 26/05 | Gold at Crossroads: Will It Break Through 3366 or Reversal Ahead of NFP Week?
Gold is currently testing a key resistance zone following a sharp rebound last week. With the Fed maintaining its hawkish stance and US-EU trade tensions on hold, the market is in a wait-and-see mode, creating an ideal environment for structured trades.
🌍 MACRO CONTEXT:
Trump Delays 50% Tariffs on the EU Until July 9: This temporarily reduced market tension, but the long-term risks remain.
US 10-Year Yields Surge Above 4.55%: Bond markets are still pricing in tighter financial conditions, supporting the USD.
The Fed Faces Operational Pressure: The Fed continues to trim its workforce by 10%, signaling internal challenges as rate hikes push up reserve interest payments.
➡️ Investors should brace for high volatility ahead of NFP week, closely monitoring any central bank statements and reactions.
🔍 TECHNICAL OUTLOOK – H1/H4 VIEW:
Gold is consolidating near the 3360-3366 region, which is a critical sell zone where price has faced resistance. The chart reveals a rising channel and clear Fair Value Gaps (FVGs) both above and below the current price, hinting at significant volatility and liquidity sweeps in the near term.
🔑 KEY LEVELS TO WATCH:
🔺 Resistance Zones:
3364 – 3366: Local top and key reversal zone, a critical point to watch for potential rejection.
3406 – 3408: The upper bound of the FVG zone, with a potential blow-off target if a breakout occurs.
🔻 Support Zones:
3324 – 3326: 20 EMA retest, a possible bullish bounce if price holds here.
3310 – 3308: Trendline + EMA89 confluence, a strong support area.
3304: A break below this level would invalidate the short-term bullish outlook.
🎯 TRADE SETUPS:
🟢 BUY SCALP:
Entry: 3326 – 3324
Stop-Loss: 3320
Take-Profit: 3330 → 3334 → 3338 → 3342 → 3346 → 3350
🟢 BUY ZONE:
Entry: 3310 – 3308
Stop-Loss: 3304
Take-Profit: 3314 → 3318 → 3322 → 3326 → 3330 → 3340
🔴 SELL SCALP:
Entry: 3364 – 3366
Stop-Loss: 3370
Take-Profit: 3360 → 3356 → 3352 → 3348 → 3344 → 3340
🔴 SELL ZONE:
Entry: 3406 – 3408
Stop-Loss: 3412
Take-Profit: 3400 → 3396 → 3392 → 3388 → 3385 → 3380
⚠️ STRATEGY RECOMMENDATION:
If price breaks above 3366 with momentum, expect a run to 3408 and potentially 3450.
If price rejects 3366 or fails to hold above 3320, look for short positions with tight stops.
📌 Final Note:
Avoid chasing price in the middle of the range. Wait for a clear rejection or breakout confirmation to enter.
JPY/USD Rising Wedge Breakdown – Bearish Reversal in Play🔎 Technical Breakdown:
1. Rising Wedge Formation:
The pair has been trading within a Rising Wedge, a bearish reversal pattern that forms when price makes higher highs and higher lows but with diminishing momentum. The wedge is visible from the swing low on May 13, where price began to climb aggressively but within increasingly narrow price action. This narrowing range signals weakening bullish strength.
2. Key Resistance Zone:
The wedge forms right below a Major Resistance Zone marked earlier in the chart (around 0.007050), where price had previously faced heavy selling pressure. This adds confluence to the bearish bias, as the zone historically acted as a turning point.
3. SR Interchange Zone:
Below the wedge lies a Support-turned-Resistance (SR) Interchange level, a critical price area where past support may now act as resistance if the price attempts to retrace. This is a commonly watched level by institutional and technical traders.
4. Breakdown Confirmation:
The price has broken below the wedge's lower trendline, which is often considered the breakdown signal. A valid breakdown typically includes a close outside the wedge body followed by a retest or continuation.
5. Bearish Target:
The projected move is toward 0.006796, derived by measuring the wedge height and applying it from the breakdown point. This level aligns with a historical support zone, adding more confluence to the target.
🧠 Psychological & Structural View:
Bullish exhaustion: Buyers pushed price higher into resistance, but momentum slowed, signaling exhaustion.
Trapped longs: Traders who entered late in the wedge may now be trapped, potentially accelerating a sell-off as they exit.
Smart money behavior: Rising wedges near resistance often signal distribution by smart money before a drop.
🛠️ Trading Plan Suggestion (Not Financial Advice):
Entry: After a clear wedge breakdown, consider short entries on a retest of the broken trendline or a bearish candle confirmation.
SL: Above the wedge high or major resistance zone.
TP: Staggered exits below 0.006850 and final target around 0.006796.
🔁 What to Watch For:
Retest of the wedge breakdown (potential short entry zone)
Momentum confirmation via volume or bearish candles
Price reaction at SR Interchange and final support target
🧠 Minds Section – Condensed Summary
JPY/USD formed a Rising Wedge below major resistance, signaling bullish exhaustion. Price has broken down from the wedge, confirming bearish momentum. A clean breakdown targets 0.006796, with SR interchange acting as a minor support. A retest of the wedge breakdown could offer a good short opportunity.
USDJPY – Bearish Channel Holds, Eyes on Support BreakUSDJPY is currently trading within a clearly defined bearish channel on the 3H timeframe, consistently forming lower highs and lower lows. After a slight bounce from the 142.50 support zone, the price is now heading toward the 143.30 resistance area — which aligns with the upper boundary of the channel. This is a zone likely to face rejection and renewed selling pressure.
On the news front, Moody’s recently downgraded the U.S. credit rating due to concerns over prolonged budget deficits, putting pressure on the USD. Although the interest rate gap between the Fed and the BoJ still favors the dollar, current market sentiment is making it harder for USDJPY to maintain a strong rally.
If the 143.30 resistance holds, the price is likely to be pushed back down to retest the 141.07 support zone — a previous low and the lower boundary of the descending channel. A confirmed break below this level would signal further downside, with the next target below the 140.00 mark.
XAGUSD Technical Analysis : MMC Breakdown from Resistance ZoneChart Concept: By Using MMC – Mirror Market Concepts
🔎 1. Major Resistance Zone – The Brick Wall
At the top of the chart, around $33.85–$34.00, we see a strong major resistance zone. This area has acted as a ceiling for price multiple times in the past. Think of it like a brick wall where the bulls keep trying to break through but get pushed back. When price touches this level and fails to break above it, that’s a clear rejection.
This rejection gives the first sign that buyers are losing steam and sellers are stepping in.
🧠 2. Mirror Market Concept (MMC) in Action
Using the MMC (Mirror Market Concept), we’re treating the chart like a reflection — what happened on one side of the move is likely to mirror or repeat on the other.
So when price aggressively moved up into resistance, you look for a symmetrical move back down once it's rejected — just like looking in a mirror. This concept helps predict where price might land based on previous movements, levels, and psychological patterns.
🧱 3. SR Interchange Zone (Support ↔ Resistance Flip)
Look around the $33.10–$33.25 area — this is a critical SR interchange zone. Price used this zone as resistance in the past, broke above it, and then used it as support.
Now that price has rejected from the top, it’s coming back down to retest this SR zone. If it breaks below this area, it confirms a shift in market structure—from bullish to bearish.
🌀 4. Black Mind Curve Support – Dynamic Support
That curved black line? That’s not just a drawing — it's called Mind Curve Support in MMC. This curve helps map out dynamic support based on price memory and human psychology.
As long as the price respects that curve, the structure is bullish. But once it breaks below it — like it’s threatening to do now — it often means momentum has shifted and a correction is underway.
⛓️ 5. Bearish Breakdown Structure
Once price touched the major resistance, it formed two swing highs labeled TP1 and TP2. That’s very similar to a double top pattern, which is a strong bearish reversal signal. After the second peak, price dropped sharply — that’s your early confirmation of a potential move lower.
And now, price is forming lower highs and lower lows, another classic sign of bearish momentum taking over.
🎯 6. Target Zone – Why $32.72?
Here’s where MMC really helps:
The projected target zone is $32.72, which is marked in the chart.
Why this exact level?
It’s previous market structure (support zone from earlier)
It aligns with the 50% Fibonacci retracement
It’s the mirror reflection of the bullish move, completing the MMC concept
This is a high-probability area where buyers may step in again.
💼 Trade Setup Summary (Educational Only)
Parameter Level
Entry Below $33.20 after confirmation candle
Stop Loss Above $33.85 (recent high)
Take Profit $32.72 (MMC Mirror Target)
🧠 Final Thoughts – The MMC Edge
This chart isn’t just about lines and levels. It’s about understanding how traders think — where they get excited, scared, greedy, or exhausted. That’s what Mirror Market Concepts (MMC) are built on.
By recognizing structure, psychological curves, and SR flips, you're not just guessing—you’re reading the market’s mind.
⚠️ Risk Disclaimer
This is not financial advice. Always use proper risk management and confirm setups with your own trading plan before entering any trade.