Wave Analysis
GBPAUD: Short Trading Opportunity
GBPAUD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPAUD
Entry - 2.1007
Stop - 2.1088
Take - 2.0850
Our Risk - 1%
Start protection of your profits from lower levels
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AUDJPY Will Go Lower! Short!
Please, check our technical outlook for AUDJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 93.565.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 92.996 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
WTI Crude Oil – Bearish Elliott Wave SetupOn the 15-minute chart, I’m tracking a corrective rally in wave (ii) heading toward the 0.618 Fib zone (around 62.2–62.3) before the next major leg lower.
🔻 Bearish target: 52.00
📈 Looking for the final push up before confirming downside continuation.
💬 What are your thoughts on this Elliott Wave count?
For more updates and ideas, check my profile bio!
#WTI #CrudeOil #elliottwave #priceaction #technicalanalysis
S&P 500 4 HR. WAVE C IS LIKELY OVER ON CORRECTION!1). Price is very likely heading towards the fair Market value @ 5870. 2). Risk Assets are weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline intersecting with target fib. level. 5). ONCE COMPLETED PRICE WILL PROGRESS NORTH ON WAVE 5 VERY LIKELY
AUDCAD On The Rise! BUY!
My dear followers,
I analysed this chart on AUDCAD and concluded the following:
The market is trading on 0.8864 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8903
Safe Stop Loss - 0.8843
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
EUR/AUD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/AUD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.756 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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XAUUSD 15MThanks for the second chart. Here's a breakdown of what this image shows:
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📉 Chart Summary:
Instrument: Gold Spot (XAU/USD)
Broker/Exchange: OANDA
Timeframe: 15-minute chart
Current Price: ~3,293.970 USD
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🧠 Trade Setup Analysis:
Entry Point:
Clearly marked near 3,300.000 USD
Indicates a short (sell) trade taken at a resistance level after price bounced up and started declining.
Target:
Labeled as “Target Successful”
Appears to be around the 3,255.000 – 3,260.000 USD zone.
Suggests the short trade reached its take-profit level successfully.
Trade Direction:
This is a bearish setup.
Arrows show the expectation of price dropping from the resistance back down to the target zone.
Price Action Confirmation:
Before the entry, we see a reversal pattern from the high.
The drop afterward confirmed the setup was effective.
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✅ Summary:
This chart demonstrates a clean resistance-based sell trade on XAU/USD that hit its take-profit (TP) target. The purple arrow highlights the price movement downward, reinforcing the visual confirmation of a successful short trade execution.
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Would you like a comparison between this gold trade setup and the Bitcoin one you previously shared (e.g., risk/reward, timing, effectiveness)?
Gold prices are likely to surge today for several reasons, but dGold prices are likely to surge today for several reasons, but do not expect a long-term rally just yet.
Technically, the price has tested the former resistance-turned-support level at 3250, which aligns with the 50% Fibonacci Retracement, and has completed a 3-wave minor structure.
After testing the 3250 level, the price rebounded significantly and broke the previous high, indicating a potential short-term uptrend in wave c of the broader wave B. This suggests that gold is currently forming a complex corrective wave, likely entering the final minor bullish wave before reversing downward once major wave B completes.
Fundamentally, a federal appeals court has temporarily halted a Wednesday decision by the Court of International Trade that had blocked President Donald Trump’s tariffs.
The U.S. Court of Appeals for the Federal Circuit reinstated Trump’s power to enforce tariffs under emergency authority declared earlier this year.
This development deepens the uncertainty and confusion on US economic policies, which is putting pressure on the US dollar. This also reignites concerns over global trade and brings volatility to financial markets, prompting investors to return to safe-haven assets.
The PCE inflation data, the Fed’s preferred inflation gauge, will be released today. It will likely affect both the US dollar and gold prices.
The market expects the figure to ease to 2.2%, down from 2.3% previously. If the forecast is accurate, it would bring inflation closer to the Fed’s 2.0% target, increasing expectations of a potential rate cut. This would further weaken the dollar and could boost gold prices following the release.
* The current price retracement below 3300 following yesterday's surge is a "buy-on-dip opportunity," as bullish momentum remains intact.*
Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness
GOLD What Next? BUY!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 3293.8 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 3307.5
Recommended Stop Loss - 3287.2
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GBPJPY Is Very Bullish! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 193.933.
Taking into consideration the structure & trend analysis, I believe that the market will reach 195.006 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
USD/JPY BEST PLACE TO BUY FROM|LONG
USD/JPY SIGNAL
Trade Direction: long
Entry Level: 143.655
Target Level: 145.800
Stop Loss: 142.221
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
SUPER CYCLE TOP SOON IGV WAVE 5 The chart posted is by far the strongest chart within the market and has a clean wave structure from an Elliot Wave view . I have now taken a position for the last wave and will exit and go 100 % short all markets once the 5th wave has reached the targets min 106.7 to ideal target is 111 zone this should be seen based on my work in spiral cycle top is due 2.5 TD days from today with the alt on June 6/9 best of trades WAVETIMER
KSE-100 UPDATE 30-May-2025Today’s powerful closing although has decreased the chances of scenario discussed in precious update, the scenario involved KSE-100 making H&S top and going downwards. But it has not totally eliminated the bearish probability. Much depends on KSE-100 continuing its Price Action in the enclosure of upward channel (blue).
If the Price Action falls below the same channel and closes on 1H – then it may continue to form the Right Shoulder of the H&S pattern whose downward targets were previously discussed.
It is once again reiterated that market will be considered Bullish only if it crosses its ATH ie. 120,780 on Daily Closing Basis. Before crossing that crucial level, the market can Breakdown of the 1H channel and resume its Bearish trajectory.
As many times said previously - “the index is safe above 118,100 level”.