EdgeTradingJourney

EdgeTradingJourney

Gold (XAU/USD) is showing signs of exhaustion after its explosive rally that pushed it beyond $3,400. We are now witnessing a pullback phase, with price directly testing a key demand zone between $3,050 and $2,980. From a technical standpoint, this is the last major defense before a potential drop toward the $2,832 area. The current bearish pressure is supported...

EdgeTradingJourney

USDCAD is currently in a highly delicate phase: the price has reached a key weekly demand zone between 1.3720–1.3820, which overlaps with a strong Fibonacci retracement cluster (0.705–0.78) of the previous bullish leg. So far, the reaction has been muted, but price compression and fading volatility suggest a potential short-term rebound. However, looking at the...

EdgeTradingJourney

In recent months, Natural Gas (NG1!) has shown significant volatility, but now there are clear signals suggesting a major directional move could be imminent. On the weekly technical chart, price has bounced from a strong demand zone between 2.50 and 2.70 USD/MMBtu, an area historically defended by institutional players. Currently, it is trading above 3.30 USD,...

EdgeTradingJourney

The EUR/USD pair is confirming a very strong bullish structure. On the weekly chart, the price is positioned above a key supply zone between 1.1350 and 1.1450, after strongly breaking through previous resistances. The current consolidation at the top of the range suggests a potential continuation to the upside, with a first target at 1.1500 and an extended target...

EdgeTradingJourney

Over the past week, the S&P500 weekly chart showed a key technical signal: the formation of a bullish engulfing. This pattern emerged after several weeks of strong monthly bearish pressure, suggesting a potential reversal attempt or, at the very least, a technical rebound. Analyzing the key levels, the price reacted inside a major demand area (visible on the...

EdgeTradingJourney Updated 

📊 COT Analysis – NASDAQ E-MINI Futures Asset Managers → Consistently net long, but without accumulation: showing little conviction on new lows. Leveraged Money → Confirmed aggressive shorts, a clear sign that smart money doesn't believe in the bounce. ✅ COT Conclusion: Smart money is not buying the dip → fundamental bias = bearish. 🧠 Technical Breakdown + My...

EdgeTradingJourney Updated 

The weekly chart of GBP/JPY reveals a highly volatile scenario, with a recent bearish expansion pushing the price back toward a key support zone between 185.00 and 188.30 — an area that has been defended multiple times in the past. After an attempted recovery toward the supply zone between 194.00 and 195.00, the pair encountered heavy selling pressure, failing to...

EdgeTradingJourney

🧠 1. Price Action & Technical Structure Price was firmly rejected from the monthly supply zone between 2.33 – 2.35, marked by strong bearish candles. A bounce occurred at the weekly demand between 2.20 – 2.22, where accumulation and a short-term reversal formed (dashed white arrow). Currently, price is trading near the lower bound of a compression range (2.22 –...

EdgeTradingJourney

📊 COT Overview – CAD & USD Futures 🇨🇦 Canadian Dollar (CAD) Asset Managers: Still net short, but recovering fast → from -150K to nearly -50K. Leveraged Money: Strong bullish reversal from -100K to -30K and climbing. ✅ Interpretation: Institutions are flipping bullish on CAD → Bearish pressure on USDCAD. 🇺🇸 US Dollar (USD) Asset Managers: Cutting long exposure...

EdgeTradingJourney

EUR Futures Asset Managers: Strongly net long and continuously increasing since December 2024 → a clear sign of institutional confidence in the euro. Leveraged Money: Also rising, moving from net short to net long → sentiment reversal even from speculators. ✅ Interpretation: Both institutional categories are bullish on the euro, suggesting potential upward...

EdgeTradingJourney

XAUUSD has shown a strong bullish reversal from the key zone at $2,832, with a series of high-volatility, full-bodied weekly candles that completely absorbed the supply in the $3,050–3,140 area. The breakout of previous weekly and monthly highs confirmed a bullish structural shift, with a natural technical target around $3,450—its recent all-time high. Price...

EdgeTradingJourney

🔍 Technical Analysis – USD/JPY The weekly chart shows a sharp rejection in the macro zone between 155–158, where strong supply is present (highlighted in red). After brushing historical highs, USD/JPY experienced a vertical drop down to 140, decisively breaking through the key zone at 148–146. Price has now broken the weekly structure and is approaching an area...

EdgeTradingJourney

🔎 1. COT Context – Canadian Dollar (CAD) Asset Managers: Consistently net short for most of the period, but since January 2025, there's been a strong recovery—net positions have become progressively less negative. By mid-April, they’re still short, but significantly less so. Leveraged Money: Also heavily short in December 2024, but showing a clear bullish...

EdgeTradingJourney

📊 Technical Analysis Price is currently trading in a strong weekly/monthly resistance zone around 1.3390–1.3400, marked by a dense multi-layer supply area. Historically, this level has caused sharp rejections. From the lows, price completed a steep bullish leg, breaking through several structures. However: Momentum seems overstretched. RSI shows potential...

EdgeTradingJourney

📊 General Analysis of EUR/NZD (Higher Timeframe) 1. 📌 Price Context The price had a strong bounce from a demand zone (highlighted in light blue) around 1.85. It then broke through multiple supply zones (gray and maroon) to the upside and is currently hovering near 1.91874. 🔍 Key Zones 🔵 Demand Zone (Support) Range: 1.8430 – 1.8712 This zone has been tested...

EdgeTradingJourney

My visual analysis highlights a strong multi-timeframe resistance zone (weekly and monthly) between 1.8662 and 1.8779, where price has reacted sharply multiple times. This area, marked in dark burgundy, signals a significant supply zone. Currently, price is trading back in the 1.8350–1.8400 region. Based on my note on the chart ("Looking for a short opportunity...

EdgeTradingJourney

🟢 Current Context Price: 1.13820 USD Trend: Strong bullish structure, with impulsive moves especially in April. Main timeframe: Appears to be daily or weekly, with multi-timeframe zones (1W, 1M marked). 🧱 Key Zones 🔴 Supply Zone (1.13000–1.15000) Well-defined area of historic selling pressure. Price reacted with a temporary drop but bounced right back into...

EdgeTradingJourney

🔹 General Context Silver has shown a strong bullish reaction from the lows around $28, later reaching a key monthly supply area between $34 and $35. However, this zone has once again been firmly rejected, leaving room for a potential deep retracement. 🟥 Key Zones 🔴 Monthly Supply Zone (34.00 - 35.00 USD): Strong resistance already tested multiple times....