Bearish outlook After previous liquidity taken into a bearish rejection area , I would love to see algorithm head lower for liquidity
Trend Analysis
TON Looks Ready to Collapse — Is This the Start of a Bull Trap?Yello Paradisers! what if TON is about to reverse hard—are you positioned correctly, or will you be caught chasing the wrong move?
💎TONUSDT is showing clear bearish signs that can’t be ignored. The price has broken down from an ascending channel—a classic early signal of weakness. But that’s not all. This breakdown happened right at the resistance zone, and it’s backed by a clear bearish divergence on momentum indicators. Adding to the conviction, there’s a 1H Fair Value Gap (FVG) sitting right in that same region, which often acts as a magnet for price before continuation to the downside.
💎This confluence significantly increases the probability of a bearish move in the short term. So, what’s the plan?
💎For risk-averse (safe) traders, the optimal approach is to wait for a pullback and retest of the broken structure. This allows for a cleaner entry and a much better risk-to-reward (RR) ratio. For the aggressive players, there’s potential to enter with reduced size from the current level, understanding that it carries more risk without confirmation.
💎However, if the price manages to break out and closes candle above the resistance zone, this entire bearish setup becomes invalidated. In that case, the smart play is to stay patient and wait for a more favorable structure or price action to develop.
🎖If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
QQQ (Invesco QQQ Trust) – Premium Rejection & Gap Fill Probabili🕐 1H Chart | Smart Money Concepts | Volume: 362.69K
📍 Price: $525.82 (as of June 5, 2025)
📌 Market Context: Nasdaq-heavy ETF reacting near historical highs
🧠 Technical Outlook
🔴 Weak High formed at the Premium Zone around $530–533 — an area of prior liquidity hunts and seller reactivation
📉 BOS + CHoCH (Break of Structure + Change of Character) confirm potential short-term bearish rotation
📦 Multiple Inefficiencies / FVGs stacked below $520, with visible Gap Fill Zones targeting $510 → $490
⚖️ Equilibrium Area: $480–485, where institutional rebalancing may occur
📊 Risk Management Plan
Short Entry Zone: $526–530 (upon confirmation of weak high rejection)
Initial Target: $510 (gap fill)
Secondary Target: $485 (EQ zone)
Stop-Loss: Above $533 (invalidates the rejection thesis)
📌 Risk-Reward: Approx. 3.2R depending on entry
🔒 Position Sizing: Use no more than 1.5% of capital per trade due to macro catalysts (see below)
📈 Probabilistic Outcomes
🟢 Bearish Play (65% Probability): High likelihood of price returning to fill imbalance zones & tap EQ block
🟡 Sideways Chop (25%): If macro remains indecisive, range may form between $515–$530
🔵 Invalidation Bull Rally (10%): Break and hold above $533 invalidates this trade setup
🌐 Macro & Catalysts to Watch
📉 Semiconductor Drag: QQQ is heavily exposed to tech; semis are still underperforming YTD (–17.53%)
🛃 Trade Tensions: Rising tariffs and protectionism (China–US) may weigh on large-cap growth names
🧾 ETF Inflows: While QQQ saw +$571M inflows in early June, positioning could be crowded
💬 Upcoming Events:
FOMC rate decision (June 12)
NVDA + AAPL earnings over the next 10 trading days
🧠 Strategic Insight
Short-term liquidity has likely been swept at highs. Institutions could drive price lower to mitigate risk exposure ahead of major macro events. Expect volatility spikes near economic data releases.
🛡️ This is a tactical swing-to-intraday short opportunity with defined parameters. Trade the levels, not the hope.
#QQQ #SmartMoneyConcepts #GapFill #PremiumZone #RiskManagement #ETFStrategy #MacroTrading #LiquiditySweep #VolumeProfile #WaverVanirInternational
The latest gold market trend analysis strategy on June 5:
ADP data impact: The US "small non-farm" data in May was significantly lower than expected (37,000 new vs. 110,000 expected), strengthening the market's bet on the Fed's interest rate cut, the US dollar was under pressure (falling below the 99 mark), US Treasury yields fell, and gold was supported as a safe-haven asset.
Technical signal: The bottoming pattern of gold daily line was confirmed, and the low point gradually moved up (3344→3350). The short-term bulls were strong, but attention should be paid to the breakthrough of the previous high of 3392 pressure level.
Non-farm outlook: If the non-farm data continues to be weak on Friday, gold may accelerate its rise; if it rebounds beyond expectations, the US dollar may rebound in the short term, and gold faces the risk of a correction.
Technical analysis
Key price
Support: 3344-3350 (intraday low and early long order entry, long defense line)
Resistance: 3385-3392 (Wednesday high and early week suppression, breakthrough opens up upside)
Bull-bear watershed: If gold price stands above 3392, the target is 3420-3450; if it loses 3344, the risk of short-term correction increases.
Form and momentum
15-minute chart: The big positive line rises with large volume, showing strong bullish momentum, but be wary of the decline in the latter part of the US market (3384→3360).
4-hour chart: MACD golden cross continues, RSI is close to the overbought zone, there may be short-term fluctuations, but the trend is still bullish.
Operation strategy suggestions：
Day trading (June 5)
Long strategy
Entry point: Long with a light position when the price falls back to 3355-3360, and those who are conservative will wait for the area around 3345 to increase their positions.
Stop loss: below 3340 (to prevent false breakthroughs).
Target: 3380-3385 (reduce half position), and look at 3400-3420 after breaking through 3392.
Short strategy (cautious)
Entry point: Try short with a light position when the price first touches 3390-3392 (needs a quick fall signal).
Stop loss: above 3395.
Target: 3375-3365 (short-term speculation callback).
Mid-term layout: If the gold price stabilizes at 3400 after the non-agricultural data, you can arrange long orders with the target at 3450-3480.
Market sentiment and risk warning
Disagreement among retail investors: Some traders bet on continued weakness in non-agricultural data and arrange long orders in advance; other funds are waiting for the direction to be confirmed after the data is released.
Institutional trends: Pay attention to the policy signals before the Fed's June interest rate meeting. If the employment data continues to weaken, the probability of a rate cut in September may rise to more than 50%.
Risk events:
Non-agricultural data deviates from expectations (especially the unemployment rate and wage growth rate).
Geopolitics or unexpected hawkish remarks by Fed officials may disturb the market.
Summary
Gold's short-term technical and fundamental aspects are bullish, but we need to be wary of profit-taking before non-agricultural data. Trading discipline: Strictly stop loss, stop profit in batches, and avoid heavy bets on data. If the Asian and European sessions maintain a consolidation above 3360, the US session can choose to follow up with breakthrough long orders.
Key question to think about: If the non-agricultural data is stronger than expected, where is the limit of gold's correction?
Potential answer: 3300-3320 area (previous platform support + daily level trend line), then you can observe the stabilization signal and re-arrange long positions.
DOLLAR INDEX The higher-than-expected US Unemployment Claims (247K actual vs. 236K forecast) suggest emerging softness in the labor market, increasing the likelihood of Federal Reserve rate cuts in 2025. Here’s how this data impacts the Fed’s policy outlook:
Key Implications for the Fed
Labor Market Cooling:
The uptick in claims aligns with recent trends of slowing payroll growth (Q1 2025 average: 152K jobs/month vs. Q4 2024: 209K) and a stagnant unemployment rate near 4.2%.
Fed projections already anticipate unemployment stabilizing around 4.3% in 2025, but persistent claims increases could signal risks to their "maximum employment" mandate.
Rate Cut Probability:
The Fed has maintained rates at 4.25–4.50% since May 2025 but emphasized data dependence. Weak labor data strengthens the case for cuts, with markets now pricing in a ~60% chance of a September rate cut (up from ~50% pre-data).
The Fed’s March 2025 projections flagged rising unemployment as a risk, with some participants favoring earlier easing if labor conditions deteriorate.
Inflation Trade-Off:
While unemployment claims rose, wage growth remains elevated (ADP reported 4.5% YoY pay gains in May). The Fed will weigh labor softness against sticky inflation, particularly in services (ISM Prices Paid index at 68.7).
A cooling labor market could ease wage pressures, aiding the Fed’s inflation fight and enabling cuts without reigniting price spikes.
Market Impact
DXY (Dollar Index): Likely to weaken further as rate cut expectations rise. Immediate support at 98.40, with a break targeting 97.00
Equities/Gold: Potential gains as lower rates boost risk assets and non-yielding gold.
Bond Yields: 10-year Treasury yields may retreat below 4.40% if markets price in dovish Fed action.
What’s Next?
June 6 NFP Report: A weak jobs number (<150K) would solidify rate cut bets.
June 11 CPI Data: Lower inflation could give the Fed confidence to cut sooner.
Fed Decision (July 31): Odds of a cut rise if labor data continues to soften.
Conclusion
The Fed is likely to prioritize labor market stability over inflation concerns if unemployment claims persist above 240K. While a July cut remains possible, September is the most probable start date for easing, contingent on confirming data.
#DOLLAR #GOLD #DXY
SMC traders know what's next. Wave 5 completed — tapped into premium supply zone
💧 Liquidity swept from previous highs
🔁 Break of Structure (BoS) confirmed
⚠️ Change of Character (ChoCH) forming — bearish intent showing
🧠 Smart Money preparing distribution
📉 Price expected to mitigate into the demand zone below
🕒 Timing is everything — miss this, and you’ll regret it later
maruti is about to go high from here for swing trading.Maruti is about its monthly support 12257, as we all know auto is positive and nifty is also positive so I think Maruti is at its monthly support and can go up from hear. here we have good chance to enter for swing trading.
Market next move 🔍 Original Interpretation:
Support Zone: The red rectangle suggests a support level between ~102,800 and ~103,300.
Bullish Bias: The blue arrow anticipates a bounce from this zone, potentially forming a higher low before continuing upward.
Bearish Bias: The red arrow marks a potential resistance, predicting rejection and a move lower if the bullish breakout fails.
---
⚠️ Disruptive Analysis:
1. False Support Breakout Risk:
A false breakdown beneath the support zone could trigger panic selling before a rapid recovery (fakeout).
Traders might place stop-losses just below the box — a perfect target for market makers before price reverses.
2. Volume Deception:
Volume increased during the sell-off but did not show strong absorption by buyers (green volume wasn't dominant).
This suggests sellers still dominate and a continuation lower could occur before any bounce.
3. Lower Highs Formation:
The last few green candles failed to break the previous highs, indicating weaker buying strength.
Price may form a lower high, hinting at a short-term bearish trend.
4. Macro Trend Consideration:
If this is just a retracement within a larger downtrend, the bounce could be short-lived.
Broader market sentiment or macro news could push BTC toward 100,000 support or lower.
DOGECOIN. USDTDogecoin is a meme coin that top investors are looking at.
So it works very technically.
Don't rush into fake failures or you'll get liquidated.
EURUSD: Will Go Up! Long!
My dear friends,
Today we will analyse EURUSD together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 1.14403 will confirm the new direction upwards with the target being the next key level of 1.14764 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
Gold turns lower despite big silver breakoutGold has turned lower on the day, slipping after it failed to hold above the key $3400 resistance level. Despite a major breakout in silver, gold couldn't ride the wave, turning negative as risk sentiment improved on news of a "very positive" Trump-Xi call and renewed US-China trade talks.
The move also came alongside firmer commodity currencies and a rebound in USD/JPY, adding further pressure on the yellow metal.
Technically, yesterday’s inside bar low at $3343 is now the immediate bearish target, with further downside potential toward the $3320–$3330 support zone. If the recent swing low near $3250 breaks, bulls could be in real trouble.
By Fawad Razaqzada, market analyst with FOREX.com
ES Trade Idea and Upcoming NFP ReportCME_MINI:ES1!
• What has the market done?
ES futures are lagging compared to tech heavy index NQ futures. ES futures are still below yearly open. Yearly open has been a strong area of resistance since the rally of April 6th Lows in futures complex.
• What is it trying to do?
ES futures are in consolidation mode, building value higher. VPOC has shifted higher since the gap up from May 11th open. VPOC and 0.786 fib level provide a base for a continuation higher.
• How good of a job is it doing?
Markets seem to be slowing its rally. After such a strong rebound, participants are wary of any pull-backs. Although a strong trend higher, consolidation or a pullback is not illogical at these levels.
• What is more likely to happen from here?
o Scenario 1: Hold steady and NFP provides needed boost for markets to get across yearly open resistance and climb higher.
o Scenario 2: A mixed NFP report may point towards further consolidation. Key level 5873 as support on move lower before reverting higher.
o Scenario 3: A hawkish NFP report that signals higher for longer rates, may be interpreted by market participants as less monetary stimulus and dwindling rate cut bets for this year. We anticipate a sell-off towards 0.618 fib level in this scenario, moving to the lower edge of micro composite volume profile.
In all the above scenarios, there is a clear LIS at yearly open. Other key levels are defined cleanly on the higher time frame. Important thing for traders to note here is to trade what you see and not what you think. Having an alignment between fundamentals and technicals is sound but the markets do what they do, and price moves where it should. Painting narrative to any move may sound fancy but it gets less important at intraday time frames in our opinion. Hence why we view all this considering auction markets and volume profile.
Glossary:
ES - emini-S&P 500 Futures
NQ - emini-NASDAQ 100 Futures
VPOC - Volume Point of Control: The most traded price by volume in a given range. Represents acceptance or consensus
NFP - Non-Farm Payroll: Released by the US Department of Labor around the 1st Friday of every month. It reports on Unemployment, Productivity and other key metrics. Key economic release
LIS - Line In the Sand: A key zone that might tip buyers or sellers to act to cover risk and might change the overall bias of our analysis
XAUSUD BUYI’m in a buy position on XAUUSD. Those who want to enter, go ahead. Those who want to protect, protect. Those who want to wait in case it goes lower, wait. The important thing is that when you enter at the levels, always be cautious, just like I do.
ShibThis image is a price chart of the SHIB/USDT trading pair on a daily timeframe (1D) from the Binance exchange, sourced from the TradingView platform. Let’s break down the analysis of this chart:
1. Chart Overview
• Trading Pair: SHIB/USDT
• Timeframe: Daily (1D)
• Current Price: 0.00001296 USD
• Price Change: +0.00000151 USD (+1.7%)
• Date Range: The chart covers December 2024 to September 2025.
• Indicator: RSI (Relative Strength Index) is displayed at the bottom of the chart.
2. Technical Analysis
a) Support and Resistance Levels
• Demand Zone: Around 0.00001296 USD (marked with the horizontal “DEMAND” line). This level indicates a zone where the price has previously bounced back up and is now acting as support.
• Supply Zone: Around 0.00001800 USD (marked with the horizontal “SUPPLY” line). This level represents resistance where the price has faced selling pressure in the past.
• Point of Interest (POI): Positioned between these two levels, indicating a potential equilibrium zone or a pivot point for price action.
b) Price Trend
• Past Trend: From December 2024 to early May 2025, the price was in a general downtrend, reacting multiple times to the demand zone.
• Break Below Demand: In early May 2025, the price broke below the demand zone, dropping to around 0.00001050 USD.
• Price Recovery: Starting mid-June 2025, the price began to rise and has now returned to the demand zone (0.00001296 USD). This recovery could indicate buyer strength at this level.
• Next Target: If the price can move upward from the demand zone, the next target would be the supply zone at 0.00001800 USD.
c) RSI Indicator
• Current RSI Status: The RSI is currently around 50, indicating a neutral state (neither overbought nor oversold).
• RSI Trend: Since early June 2025, the RSI has been trending upward alongside the price increase, suggesting growing bullish momentum.
• Key RSI Levels: If the RSI rises above 70, it may enter overbought territory, potentially signaling a price reversal. Conversely, a drop below 30 could indicate weakness and a possible further decline.
d) Price Patterns
• Double Bottom Pattern: In late May 2025 and early June 2025, the price hit the 0.00001050 USD level twice before rising. This pattern can signal a bullish reversal.
• Break of Downtrend Line: In June 2025, the price broke above a descending trendline (drawn from previous highs) and has since moved upward. This breakout confirms a shift to a bullish trend.
3. Order Block Analysis
• Buy Signal: At the 0.00001296 USD level, a buy signal is displayed. This suggests that this level is identified as a good entry point for buying.
• Sell Signal: There’s also a sell signal at the same 0.00001296 USD level. This might indicate market indecision at this level, but given the recent upward movement, the buy signal carries more weight.
4. Possible Scenarios
a) Bullish Scenario
• If the price can hold the demand zone (0.00001296 USD) and move upward, the next target would be the supply zone at 0.00001800 USD.
• Breaking the supply zone could push the price to higher levels (e.g., 0.00002000 USD or more).
• The rising RSI and the break of the downtrend line support this scenario.
b) Bearish Scenario
• If the price fails to hold the demand zone and falls below 0.00001296 USD, it could head toward the next support level at 0.00001050 USD.
• A neutral or declining RSI and increased selling pressure could confirm this scenario.
5. Trading Suggestion
• Entry Point: Given the buy signal at 0.00001296 USD and the recent upward movement, entering a long (buy) position could be reasonable.
• Take Profit: The supply zone at 0.00001800 USD could be the first target (around 39% profit).
• Stop Loss: Below 0.00001050 USD (around 19% loss) for risk management.
• **Riskവ: Risk-to-Reward Ratio: This trade offers a risk-to-reward ratio of about 1:2, which is acceptable.
6. Conclusion
The price of SHIB/USDT is currently at a critical juncture. The return to the demand zone and the break of the downtrend line suggest potential for a continued uptrend, but the price needs to consolidate above 0.00001296 USD to confirm this trend. The RSI is neutral and requires further movement to confirm bullish or bearish momentum. Traders should proceed with proper risk management and monitor price action at key levels.
If you need further analysis or additional information, I’d be happy to help!
XAUUSD – NFP STORM AHEADXAUUSD – NFP STORM AHEAD: WILL GOLD BREAK HIGHER OR FACE A DEEP CORRECTION?
Gold is entering a critical phase ahead of tonight’s Non-Farm Payrolls (NFP) report — one of the most influential economic releases globally. With US-China trade tensions resurfacing and growing concerns over US national debt, the precious metal market is likely to experience high volatility during the US session.
🌍 MACROECONOMIC & POLITICAL OUTLOOK
Trade negotiations between the US and China have resumed, with China reaffirming its intent to defend strategic metal exports amidst ongoing tariff threats.
The US national debt is projected to reach $55 trillion by 2034, prompting central banks worldwide to continue stockpiling gold as a hedge against fiat devaluation.
Fed Chair Jerome Powell maintains his stance of “not rushing to cut rates,” but political pressure — especially from former President Trump — is escalating rapidly.
Unemployment Claims fell slightly last week, reinforcing the view of a weakening labour market. If tonight’s NFP print disappoints, gold may surge on renewed expectations of future Fed easing.
📈 TECHNICAL ANALYSIS (H1 – EMA 13/34/89/200)
Gold has formed a classic impulsive wave structure, with recent highs tested around the 3408 – 3410 resistance zone.
Price action is consolidating near the EMA 89 and EMA 200, suggesting indecision and building energy for a potential breakout.
A breakdown below the 3344 – 3332 support zone could trigger a move toward the FVG liquidity block near 3320, a potential institutional buy level.
🔍 STRATEGIC KEYLEVELS TO WATCH
Resistance levels: 3380 – 3392 – 3408 – 3436
Support levels: 3365 – 3350 – 3344 – 3332 – 3320
🧭 TRADE SETUPS
🔻 SELL ZONE: 3408 – 3410
Stop Loss: 3415
Take Profit: 3404 → 3400 → 3395 → 3390 → 3380 → 3370 → 3360 → 3350
🔵 BUY ZONE: 3318 – 3316
Stop Loss: 3310
Take Profit: 3322 → 3326 → 3330 → 3335 → 3340 → 3350 → 3360 → ???
✅ CONCLUSION
Gold is “holding its breath” before the potential NFP-triggered breakout.
If NFP disappoints → USD weakens → Gold could explode above 3410.
If NFP beats expectations → Sellers may take full control and shift the market into a correction phase.
AUDUSD sideways consolidation supported at 0.6360The AUD/USD pair maintains a bullish bias, underpinned by a steady rising trend on the higher timeframes. However, recent intraday price action shows consolidation, indicating a pause in upward momentum as the market awaits a fresh catalyst.
Key Technical Levels:
Support:
0.6360 – Critical near-term support and prior consolidation zone. A successful retest could reinforce the bullish setup.
0.6320 – Next support level; a break below 0.6360 may trigger a deeper pullback.
0.6280 – Broader downside support zone; loss of this level would signal a shift in trend.
Resistance:
0.6500 – Primary upside target on continuation of bullish momentum.
0.6530 – Secondary resistance; break above would confirm strength.
0.6570 – Long-term resistance zone; potential target if bullish momentum accelerates.
Technical Outlook:
A pullback to 0.6360 followed by a bullish rebound would suggest continuation of the current uptrend, opening room for gains toward 0.6500, 0.6530, and 0.6570 over the medium term. On the downside, a daily close below 0.6360 would invalidate the bullish setup, exposing the pair to a potential decline toward 0.6320 and 0.6280.
Conclusion:
AUD/USD remains in a bullish structure, but near-term direction depends on the 0.6360 level. A rebound from support keeps the upside scenario in play, while a confirmed break lower may lead to a corrective retracement. Traders should watch for price behavior around 0.6360 for confirmation of the next move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Gold delivering excellent returnsTechnical analysis: As expected yesterday’s session local Higher High’s rejection pushed Gold aggressively towards my take Profit of #3,381.80 to form #1-session Low’s. Traders witnessed Technically driven slide after Fundamentally driven uptrend which I always look to utilize as Shorting is excellent way to make Profits on Gold (mostly Technically on the way down lately from Fundamental upside spikes) since there is lot’s more Technical pointers and traffic in Selling than Buying, as said Bull leaps are usually Fundamentally driven on Gold. Hourly 4 chart is approaching #7-session old Neutral Rectangle however Hourly 4 chart may shake off the last of it’s Neutral values and align with semi-Bullish Fundamental perspective which is approaching #3,400.80 benchmark and local Low's rejection may deliver Buying signal. DX rebounded strongly off it’s local Low’s and is now in the process of seeking the Resistance. (#1W) Weekly chart’s candle is near a (# +1.91%) close, effectively limiting the losses / however on the other side, Buying pressure is not so strong as it was past few Months and that’s why you witness such Low Volume movements and aggressive Bearish reversals. Monthly candle is now at (# -0.59%) and the goal is to rise further by closing, extending the Bullish continuity. That is why Traders should observe their gains / losses on a Monthly basis, as despite the Volatility on smaller timeframes as this one, the Medium / Long-term patterns always prevail.
My position: I have Sold Gold throughout yesterday's session from #3,395.80 towards #3,382.80 Support after #3,400.80 benchmark rejected the Price-action and that order delivered biggest Profit on single position in my entire Trading career if I may say (#124.000 Eur). I have re-Bought Gold twice on #3,342.80 and #3,346.80 and closed both orders on #3,354.80 which was excellent way to finish a session. Keep in mind that NFP is ahead on the calendar and keep in mind that I do expect upside surprise which may fuel more Selling action on Gold. However if NFP delivers downside surprise, I am confident that #3,400.80 benchmark will be tested on news aftermath.
Why disappointed? Btc Dominance update here Just Trust the process
BTC DOMINANCE last leg
You can see here BTC Dominance already broked it's uptrend and started it's downtrend it is just taking a move up to retest.
Soon you will see if after touching the black box area it breaks the structure on lower time frame get ready for huge Altseason 🚀 🚀 🚀 🚀 🚀 🚀 🚀
Don't worry it's just a pull back
Only the strongest will survive
This is the beauty of the Market
Hold your horses good days are waiting for you
They just want you to sell and get disappointed.
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NZDJPY: Another Bearish YEN Pair 🇳🇿🇯🇵
One more YEN pair that looks bearish to me is NZDJPY.
I see 2 bearish price action confirmations after a test
of the underlined horizontal resistances:
the price broke a support line of a rising wedge pattern
and a neckline of a double top.
The price may drop now to 86.66 level.
❤️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.
4 HOUR OBSERVATIONS FOR TODAYS XAUUSD MARKET Today is an interesting day for the XAUUSD pair.
observation and patience will be key for any intentions before placing and executing a buy or sell position.
In the higher timeframe 4hour we have multiple situations to take note of, not overcomplicating any market scenarios and looking at the point blank facts that are presented to us in the present moment.
take note of.
1)A Double top formation (some may say its a triple top with the centre closures)
2)Most recent candle closures failed to break previous highs.
3)The 4hour EMA is close to our current price which will have either a reaction or break so observe with caution.
4)A strong trend line that has been well respected previously since 25th May.
5)A strong support zone that has had multiple touches.
6)Observe the lower time frame DESCENDING triangle chart pattern which could indicate a potential correction to the downside with a short term bearish movement.
7)1.30 Red folder news release.
I will be looking to enter on either a break out of the 1 hour descending to the upside for a scalp into the 4Hour resistance above price, or wait for clear break to the sell side aiming towards lower coordinates that align with 1 hour candle closures at resistances.
this is my first published analysis on trading view.
good luck to any traders out there creating their own life to attain freedom.
earn, learn and grow together - its time to exit the rat race !!
GBPJPY Confirm bearish Engulfing and is likely to go down it has reached the Fibonacci resistance level and formed a bearish engusling structure and is likely go down support around 192 and 192.5
