I’ve analyzed all the information—the price action, indicators, candlestick patterns, and the fresh fundamental news—and here’s why I believe this trade is compelling: Overextension and Price Structure: Right now, the price is at 1.29490, which is significantly higher than the recent consolidation range of 1.281–1.285. This tells me that the market has pushed far beyond its comfort zone—a classic setup for a reversal pullback. I recognize this overextension as a warning sign that the rally might be overdone, especially when I consider the intraday price structure. Candlestick Patterns and Timeframe Confluence: On the 1‑hour and 15‑minute charts, I’m seeing strong bearish candlestick formations like bearish marubozu and long-line bearish candles. These patterns show that sellers have been in control, and they typically indicate a clean, unimpeded move to the downside when a reversal begins. Even though there are some mixed signals on the weekly charts (with dojis and uncertain high waves suggesting indecision), the microstructure on the shorter timeframes tells me there's immediate selling pressure that I can exploit. Indicator Confirmation: I’m also paying close attention to my indicators. The RSI on the 1‑hour chart is around 71, pushing into overbought territory, which signals that the upward momentum has likely peaked. Directional indicators, including the PLUS_DI versus MINUS_DI, further support a bias toward a corrective move downward. The ATR of approximately 0.00538 gives me a concrete measure of volatility, which I can use to set a well-defined stop-loss. Fundamental Catalyst: The market’s recent surge has been partly driven by fresh fundamental news—contrasting tariff policies where the U.S. has relaxed tariffs while China hikes them. This divergence has spurred a burst of volatility and risk-off behavior. I see this fundamental news as amplifying the current overextension; the initial rally was impulsive, and now the fundamentals back the idea that the move isn’t sustainable. Trade Setup and Risk Management: Based on this confluence, I plan to wait for a clear reversal signal on the lower timeframes—a bearish engulfing candle or a pin bar, ideally forming around 1.292–1.290. That’s when I would enter a short position. I’d set my stop-loss just above the recent highs (around 1.296–1.297) to accommodate normal volatility, as indicated by my ATR. For my profit target, I’m aiming for the support level around 1.278–1.281, which provides me with a favorable risk/reward ratio. In summary, I believe this trade is attractive because the current price is clearly overextended relative to a recent consolidation, and the technical indicators (including bearish candlestick patterns and an overbought RSI) confirm that sellers have the upper hand in the short term. Coupled with the fundamental catalyst driving uncertainty, it makes sense for me to target a reversal pullback. Waiting for that confirmation around 1.292–1.290 with tight risk controls gives me confidence that I’m entering a high-confluence trade with strong downside potential.
I’m spotting a potential Cup formation on the 30-min chart of WTI Crude Oil (USOILSPC), backed by strong volume profile zones. The price has recently pulled back to a low-volume area and is now consolidating with higher lows forming the right side of the cup. A break above the $60.60–$60.80 zone could trigger bullish continuation toward $64+, with strong support seen around the $59–$59.30 range (volume shelf). Setup Details: • Pattern: Cup (early stage) • Entry idea: Break & retest above $60.60 • TP: $64.00 • SL: Below $58.90 • Volume profile confirms accumulation near the lows Watching closely for confirmation before adding more size. This is part of a low-risk entry using a funded account model. #CrudeOil #WTI #VolumeProfile #CupFormation #BreakoutTrade #SmartMoneyConcepts
Hello folks, this might be trend for next week. see chart above, might make a new low? This is only my view, we still have PPI tomorrow friday. The idea is LONGS. This is not a financial advice or trade signals. Trade wisely base on your own understanding. Good luck. SEE you next week for new charts on new pair of shoes, joke. new pair of forex market or indices or crypto. pewwpeww. SEE the description not the chart, I totally base on my idea on weekly to this USDJPY. are we going down?
Good day! After the 90-day pause of the tariffs, NQ should consolidate in the ST (2-3 days) before resuming the fundamental downtrend. The effect of CPI and PPI will be very limited whatsoever the data. However Consumer data will trigger the downtrend if this data is undershoot. Otherwise, consolidation will prevail. The blue box should delimitate the consolidation area.
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments? Some time ago, the price moved inside a rising channel, steadily growing and forming higher highs on the chart. Then Gold touched the upper boundary, made a reversal, and exited from the channel with a sharp impulse. After that, the price reached $2970 support level and bounced, forming a triangle pattern with a narrowing range. Recently, it made a breakout above $3095 zone but quickly faced resistance at the upper line of triangle. Now, Gold trades inside triangle structure and shows weakness near resistance area without strong breakout. In my opinion, Gold can decline and reach $3015 support line of triangle during the next corrective wave. If this post is useful to you, you can support me with like/boost and advice in comments❤️
FenzoFx—The GBP/JPY currency pair bounced from 184.42 due to RSI 14 being oversold. As of now, it trades near 187.7, having erased 1.0% of recent gains. The trend remains bearish with prices below the 50-period simple moving average and the 50.0% Fibonacci resistance level at 190.2. Support is at 187.0, and a drop below this could target 184.42. The Bullish Scenario However, if GBP/JPY surpasses 190.2, bullish momentum may extend to 192.0. Enter our Forex Analysis Contest to win a prize pool of $160.0 every week >>> FenzoFx Decentralized Forex Broker
https://www.tradingview.com/x/wTyAcgkM/ GBPCAD - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long GBPCAD Entry Point - 1.8200 Stop Loss - 1.8094 Take Profit - 1.8372 Our Risk - 1% Start protection of your profits from lower levels Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
From a technical point of view, a positive line on the daily line directly changed the extremely weak adjustment state in the previous period. Now the positive line breaks the middle track of Bollinger and pulls up the moving average. Then, gold has entered an extremely strong state of bullish trend. In this state, it will continue to rise to the previous high of 3150. Therefore, the main direction today is definitely bullish. It is normal for the small cycle to adjust under the pressure of 3100. Now the Bollinger of the 4-hour cycle has just opened, and the unilateral trend has just taken the first wave of strength. There is no problem in the next wave to rise to the high point of the daily cycle. Therefore, as long as the 4-hour cycle falls back to the support of the unilateral moving average, it is an opportunity to go long. The support below is around 3070, and the rise of the hourly cycle is around 3060. Therefore, today's gold bullishness is expected to consider 3070 or 3060. The rise in the Asian and European sessions is still at 3120, and the US session breaks through 3135, then consider seeing the high point of 3150.
Look to buy USDJPY as it has just retraced back to previous support after forming a bullish divergence at 4H and slightly breaking the previous LH. RR is shown in the chart.
Here is my opinion on GBP/AUD , After we enter a sell trade yesterday with double top pattern , and it`s hit +250 Pips , should we re enter ? or it will be risky ? please tell me your opinion . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.