USDCAD Short Opportunity Description :
USDCAD is setting up for a potential short — I’m watching closely for an upthrust into the highlighted zone to initiate the position. Here’s my current read:
🔍 Technical Breakdown:
1. Trendline Break
Previous bullish trendline broken with conviction. Market structure now vulnerable to bearish continuation.
2. Volume Spike with Selling Pressure
Notable increase in volume on bearish candles — suggests smart money exiting or early sellers stepping in.
3. Anticipating an Upthrust
Watching for price to sweep the highs around 1.3695–1.3700, fail to sustain, and drop back inside range.
This would provide a low-risk entry with tight stops above the highs and 5r+ down to 1.3652, possibly even lower.
📌 Trade Plan:
Entry Zone: 1.3695–1.3700 (after upthrust confirmation)
Stop: Above 1.3710
TP1: 1.3652 (structure low)
TP2: 1.3600 (extended target if momentum builds)
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🧠 Why This Setup?
This aligns with key principles I trade:
Trendline breaks often lead to retests followed by continuation.
Rising volume on the break is confirmation, not noise.
A failed breakout (upthrust) into previous supply zones is often the "last push" before price collapses.
Let me know if you're seeing something different. This is how I’m planning to attack the chart today.
Trend Lines
#nifty - 1 hour time frameAll these arrows show strong buyer reactions from support zones (mostly around 24,430–24,590).
The chart indicates a bullish bias at lower levels, but the price is still struggling to break the falling channel trendline (which acts as resistance).
A break above the purple line (24,760) and the upper trendline would confirm a trend reversal or breakout.
NSE:NIFTY
Only for educational purposes.
This content is not a recommendation to buy and sell.
Not SEBI REGISTRAR.
@Tradeforecast
#NIFTY #BANKNIFTY #SENSEX #STOCKMARKET
GOLD → Correction to 3275FX:XAUUSD and medium-term outlook: Friday's strong unemployment data strengthened the dollar and triggered a sell-off in gold. Money is temporarily flowing out of the metal and into currencies and the stock market...
Technically, gold is still in a bullish phase on the global timeframe. Logically, the situation is more reminiscent of a countertrend correction of the zone of interest before continuing growth.
Despite the rise in the DXY after Friday's news, the dollar is still under pressure from Trump, who is pushing for an early interest rate cut. This move could significantly shake the market (dollar down, gold up)
Locally, on the hourly XAUUSD timeframe, we can clearly see how the price is breaking out of the uptrend, thereby triggering a downward impulse.
Resistance levels: 3325, 3343
Support levels: 3303, 3275
The liquidity level of 3300 could act as a magnet for the price, from which a correction to the resistance of the range of 3325 could form (liquidity hunt), but due to the change in the fundamental background, gold may continue its correction to 3275 (support zone) before a possible continuation of growth.
Best regards, R. Linda!
Gold is vulnerable under 3340-3350 zone1. What happened last week?
As expected, Gold broke below the key 3340–3350 support zone and even slipped under 3300 during the Asian session this Monday, briefly reaching new short-term lows. The bearish pressure continues to dominate.
2. Key question now:
Is the drop over?
3. Why I expect the correction to end soon:
- The recent decline totaled nearly 1100 pips – a strong impulse move.
- Price is now undergoing a typical retracement after a steep sell-off.
- The previous support zone at 3340–3350 is now acting as resistance – a textbook role reversal.
- I expect this zone to attract sellers again.
4. My trading plan:
I remain bearish and plan to sell rallies, especially if the price shows rejection signs in the 3340–3350 area. This correction could offer an ideal re-entry for shorts at better risk/reward levels.
5. Final thoughts 🚀
The trend is still bearish. I’m waiting for the market to confirm resistance around 3340–3350 before executing my next move.
USDJPY Pending Short at 146.32In this idea, I have plotted all the necessary information on the chart itself. But allow me to point them out in words:
1. A resistance zone drawn with a rectangle that shows 5 red down arrows, out of which 4 are historical price rejection points and the last one is an expected rejection point at the top of the resistance zone which will be our short entry.
2. An Elliott Wave count update that shows a double combination wave 2 showing that we are now in a C wave of the double combination Y wave.
3. 3 different trendlines: The purple is expected to break, the blue is where price is expected to be rejected that will coincide with the top of the resistance zone, and the green which will be our stop loss if break above.
4. A take short position risk-reward plot where SL is set is initially set up at 147.187 but this should really be following the green trendline, and a TP that is initially set at the blue H&S neckline at 141.042 (see previous USDJPY idea for the big picture H&S plot).
Overall, I am expecting a final push for USDJPY to move up that will be in-line with the equity markets last leg up) and then a higher degree wave 3 down for USDJPY that will also be in-line with equity markets downturn.
Good luck!
EURUSD InsightHello to all subscribers, and welcome!
Please share your personal opinions in the comments. Don’t forget to hit the Boost and Subscribe buttons!
Key Points
- There was a report suggesting that the Bank of Japan (BOJ) is likely to consider slowing the pace of tapering at its monetary policy meeting later this month. Currently, it is reducing bond purchases by ¥400 billion per quarter, but a plan to cut that to ¥200 billion is reportedly under discussion.
- According to the U.S. Department of Labor, non-farm payrolls in May increased by 139,000, exceeding the market expectation of 130,000. The unemployment rate for May came in at 4.2%, matching forecasts.
- On June 5, President Trump and Chinese President Xi Jinping held a phone call. At the upcoming U.S.-China high-level meeting on June 9, export controls each country has implemented to block essential raw materials and technologies from reaching the other are expected to be a major topic of discussion.
This Week’s Key Economic Events
+ June 11: U.S. May Consumer Price Index (CPI)
+ June 12: U.K. April GDP, U.S. May Producer Price Index (PPI)
+ June 13: Germany May Consumer Price Index (CPI)
EURUSD Chart Analysis
The pair is rebounding from the 1.11500 level and is currently trending upward toward resistance near the recent high. A short-term rise toward the 1.16000 level looks highly likely. However, it remains uncertain whether it will break above the resistance level. We'll reassess the direction once the price reaches the previous high.
Gold on Monday depends on this wave of operationsBefore the non-agricultural data on Friday, gold maintained an overall oscillating pattern, opening at 3354, briefly rising to around 3375 and then falling under pressure, entering an overall oscillating downward mode. We also caught the rhythm of long orders many times and successfully exited the market with profits. Although the non-agricultural data was bearish, gold did not dive quickly, but rebounded to around 3363 after short-term fluctuations, and then fell under pressure again, and finally closed in an inverted head shape, with obvious technical bearish signals.
From the perspective of form, gold is expected to continue to rebound high and high next week. Focus on the support of this week's low point of 3296. Once it falls below, it is possible to further explore the 3270-3260 area. However, if this position remains stable and unbroken, the market still has room for rebound and repair.
From a specific technical perspective, the obstructed decline of the 3375 line on Friday is more critical, with the lowest intraday drop to 3307, and the bearish momentum is still strong. It is recommended to be prudent in operation and do not blindly chase orders.
🔸Operation ideas for gold next week:
1️⃣ If it rebounds to 3320-3325, you can try to arrange short orders. If it rebounds further to 3338-3345, it is recommended to cover short positions.
2️⃣ The first target is the 3295-3306 area. If it effectively falls below, continue to hold and look for a lower position.
3️⃣ The support below is focused on the 3295-3285 area, and the pressure above is still mainly 3335-3345. The market is mainly oscillating in the middle of the range. It is recommended to watch more and act less, and wait for key point signals before intervening.
If you are currently having trouble with gold operations, welcome to communicate with me. I will update the strategy as soon as possible according to the intraday market and try my best to make your investment less detours.
BTCUSD/US02YWen moon?
Seems like BTC will accelerate against the 02Y US… just 1 year ago this was considered a risk asset against a save heaven. The 2 years treasury note is still pretty much under the feds control, seeing that DXY is bullish I don’t think we will get a cut in rates, but BTC will start a rally.
Stop and read me i command you !!! Gold baby !!! XAUUSD Bullish Outlook: Next 4 Hours
Gold (XAUUSD) appears poised for further upside in the immediate 4-hour timeframe. Recent technical analysis suggests a sustained bullish momentum, with price action holding above key moving averages. While short-term corrections are always possible, the overall sentiment favors buyers.
Key Observations:
* Strong Support: Price is finding strong support at recent lows, indicating a solid foundation for continued upward movement.
* Momentum Indicators: Momentum indicators on the 4-hour chart are either trending higher or in bullish territory, confirming buying pressure.
* Potential for Breakout: Watch for a decisive break above immediate resistance levels. A successful breach could open the path to new highs.
Potential Targets:
Should the bullish momentum continue, we could see XAUUSD testing higher resistance levels in the coming hours. Traders should monitor price action around these zones for potential continuation or profit-taking opportunities.
Important Considerations:
* Economic Data/News: Be aware of any unexpected economic data releases or geopolitical developments that could impact gold prices.
* USD Strength: A sudden surge in USD strength could put temporary pressure on gold.
* Risk Management: Always implement proper risk management strategies, including stop-loss orders, to protect capital.
This is a short-term outlook and market conditions can change rapidly. Stay vigilant and adjust your strategy accordingly.
#Gold #XAUUSD #Forex #Daytrading #Metals #Bullish #TradingView #MarketAnalysis #TechnicalAnalysis #FYP
GBPJPY: Weekly OverviewHello Traders,
Everything is clear in the chart. the yellow line is a HTF resistance.
********************************************************
The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
*******************************************************************
Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
Will BTCUSD see $90,000 ever again? Phoenix FX mid term analysisBTCUSD 4-Hour Outlook: The Week Ahead
🔴 Key Resistance Zones
First Resistance
$107 000–$108 500
Recent swing highs where price stalled before the last leg down. Clearing and closing above $105 000 on the 4H would open the door toward this zone.
Final Resistance
$111 000–$113 000 (If broken expect a run to $115,000)
The all-time-high area. Heavy sell-side liquidity lives here and past price action shows repeated FVG fills and wicks into this region.
🔵 Critical Support & Buy Zones
Discount Buy Zone:
$92 000–$89 000 (50% at $89 150)
A deeper weekly FVG and longer-term trend support. The ultimate “buy the dip” area if the premium zone gives way.
Premium Buy Zone:
$100 000 – $99 000 (50% at $99 450)
A 4H Fair Value Gap that aligns with our higher-timeframe trend support. The recent bounce here signals strength—and a possible launchpad back into resistance.
📊 Weekly Price Action Scenarios
Bullish Theory:
If BTC can close cleanly above $105 000 on the 4H, look for a run into $107 000–$108 500 (First Resistance). A follow-through push could then target $111 000–$113 000 (Final Resistance) by week’s end with a potential further move to $115 000 where the 8 year trend will be tested again.
Bearish Theory:
Failure to reclaim $105 000, or a clear rejection in the $107 000–$108 500 zone, could usher in a retest of the Premium Buy Zone (~$100 000). A break below $99 000 would shift focus toward the Discount Buy Zone around $92 000–$89 000.
💡 Trade Ideas for the Week
Potential Long Ideas
Entry: 4H candle close above $105 000
Targets: First take-profit at $108 500; stretch target $112 000–$113 000
Stop-Loss: Below $103 000
Zone Re-Entry Long
Entry: Bullish 4H candle close in $100 000–$99 000
Targets: $107 000 then $112 000
Stop-Loss: Below $97 500
Potential Short Ideas
Entry: Bearish price action (e.g., engulfing candle or wick rejection) in $107 000–$108 500
Targets: $100 000→$92 000
Stop-Loss: Above $109 000
Just a Heads-Up:
This is my take on the charts—not gospel, not financial advice, and definitely not a crystal ball 🔮.
Trading is part skill, part patience, and part “what just happened?” 😅
We all see things a little differently, and that’s the beauty of it.
So if you’ve got a hot take, wild theory, or just want to drop some chart wisdom—hit the comments!
Let’s grow, learn, and laugh through the madness together. 🚀📈
Each one, teach one.
— Phoenix FX Team 🔥🦅
XAUUSD Medium Term analysis. Are we super bearish? June 9th 2025OANDA:XAUUSD
Gold's latest trend analysis and strategy on June 9:
Basic logic analysis:
Decrease in risk aversion:
Easing trade tensions between China and the US are weakening short-term demand for gold as a safe haven, but long-term uncertainties (such as the outlook for global economic recovery and Federal Reserve policies) still support gold's safe-haven properties.
Bearish technical bias dominates:
Weekly chart: Inverted hammer candlestick + negative MACD crossover at high levels, indicating a risk of correction.
Daily chart: Two consecutive bearish candles broke the short moving averages, MACD crossover is negative, but beware of the strength of the mid-Bollinger band support (near 3295).
4-hour timeframe: The price broke the lower Bollinger Band, the moving averages indicate a downtrend, and the MACD momentum is trending down, reinforcing the short-term negative outlook.
Important price levels:
Upper resistance:
First resistance: 3328-3330 (represents the dividing line between strength and weakness during the day, and a bearish pressure point).
Strong resistance: 3345-3350 (if broken, the short-term negative outlook may be reversed).
Bottom support:
First support: 3290-3280 (test target at the beginning of the week, may lead to a rebound).
Strong support: 3280 (if broken, it may open the way to a decline towards 3250-3230).
Trading Strategy Suggestions:
Opportunity to sell (short positions):
Aggressive: Sell with light positions after the rebound to 3325-3330, stop loss above 3340, target 3300-3290.
Conservative: Wait for price pressure in the 3340-3345 area before entering, stop loss at 3355, target as above.
Buying Opportunity (Long Positions):
Short-term bounce: If the price touches 3280-3290 and stabilizes (without a quick break down), a short position can be entered, stop loss at 3275, and target 3310-3320.
Bounce after break: If the 3280 level is broken quickly and then rebounds under pressure at 3295-3300, a short trade can be entered again.
Break above 3350: Temporarily close short positions, wait to see if the price will retest support before switching to buying.
Break below 3275: Be cautious when chasing the decline, as a technical rebound from lower levels may occur, so it is advisable to wait for a rebound before selling again.
Data Risk: The market may experience high volatility before and after the release of non-farm payrolls data, and caution is advised against sharp fluctuations.
Sudden Events: Any unexpected changes in geopolitics or Fed policy expectations could lead to a reversal of technical trends.
Position Management: Although the current trend is downward, it has not been confirmed as a single trend. Therefore, it is recommended to trade with light positions in stages, and avoid entering heavy positions in a specific direction.
Gold is likely to continue its volatile trend with a downward bias over the coming week, but beware of bullish attacks at key support levels. The primary trading strategy is to sell at high retracement points, with strategic support from light buying at key support levels, while adhering to stop losses and monitoring news developments.
Just a Heads-Up:
This is my take on the charts—not gospel, not financial advice, and definitely not a crystal ball 🔮. Trading is part skill, part patience, and part “what just happened?” 😅
We all see things a little differently, and that’s the beauty of it. So if you’ve got a hot take, wild theory, or just want to drop some chart wisdom—hit the comments!
Let’s grow, learn, and laugh through the madness together. 🚀📈
Each one, teach one.
— Phoenix FX Team 🔥🦅
QNT Accumulating Under Resistance — Big Move Ahead?QNT is showing strength, but a key test lies ahead.
After breaking out of its previous downtrend (red line), QNT has formed a strong rising structure supported by the blue trendline.
The price is currently consolidating just below the key resistance zone, attempting to gather momentum. This is a classic sign of healthy price action — retesting higher levels while maintaining support.
As long as QNT holds the strong rising support line and the lower support zone, the bullish structure remains intact. A clear breakout above the resistance zone could trigger the next leg higher.
However, if price breaks below the rising support, we could see a pullback toward the lower zone for re-accumulation.
For now — it’s a wait and watch at the resistance. Bulls need to prove their strength.
DYOR, NFA
BITCOIN (BTCUSD): Waiting For BreakoutIt appears that ⚠️Bitcoin is gearing up for a bullish trend.
Analyzing the 4H time frame, I spotted a bullish flag pattern and a confrimed breakout of its upper boundary.
The final hurdle for buyers is the resistance level between 105,880 and 106,934 on the 4-hour chart.
A successful break and close above this range would signal a significant bullish indication, potentially leading to a continuation towards at least 111,500.
Bitcoin 4H – Battle at Resistance | Two Perspectives 🧪 1. 🐸 Miracle’s View – “Altcoins' Prophet” 🐸
"Yo fellow degenz! It's me – Miracle from the meme-coin clan, and I'm sniffing something bullish... but not so fast!"
Price is tryin’ to break out of a wicked resistance zone.
That red line? 🔴 It's not ketchup — it's the final boss trendline, and BTC must defeat it with volume ⚔️
Market sentiment is bullish, but Miracle says: "Wait for a clean break and retest — no fomo attacks!"
🔍 MA50 (gray snake) is curling up like a noodle of support. If we bounce off it again → 🚀 108.5K, 111K and beyond!
📉 BUT — if price gets rejected and drops below 105K… we might slide to 103.8K (or worse, the dungeon at 101.7K) 🕳️
📢 Miracle Rule: “Breakout without a retest is like a meme coin without a rug — rare!”
🔮 TL;DR:
🟢 Above 106.7K = Go time, ride the wave!
🔴 Below MA50 = Watch your bags, exit or short it with a stop above the resistance!
🔍 2. Unknown Analyst’s Neutral View (Clean & Pro)
BTC is challenging a major resistance zone between ~105.7K–106.7K.
A strong breakout above both the horizontal zone and descending trendline could initiate the next bullish leg.
MA50 and MA200 are offering dynamic clues:
MA50 holding = bullish confirmation if price closes above resistance
Failure to hold = a likely revisit to lower demand levels
Confirmation needed:
Clean candle close above resistance zone
Followed by a successful retest of the zone or MA50 as support
If rejection happens here → Potential retracement to 103.8K or lower (support & previous consolidation)
🎯 Targets on Breakout:
108.5K (local high)
111K (liquidity zone)
Extension possible if volume supports it
🧠 Dual Insight:
"Same chart. Two voices. One truth: Trade with logic — not emotion."
💬 Let us know in comments:
Are you team 🐸 Miracle or team 🧠 Unknown Analyst?
🎬 TradeWithMky – where altcoins speak louder than Bitcoin!
#Bitcoin #CryptoAnalysis #BTC #TradingView #TradeWithMky #MiracleShot #AltcoinArmy
Accurately grasp the gold trend analysis next week📰 Impact of news:
1. The geopolitical situation is gradually deteriorating
2. Trump again calls on the Federal Reserve to cut interest rates
📈 Market analysis:
The current weekly moving average support for gold prices is roughly 3250-3260. If 3250-60 can be maintained, then gold may continue to maintain consolidation and wait for an opportunity to choose a trend. If it falls below 3250, then it can directly see the 3200 mark. If 3200 falls below again, then it will see 3100. In the short term, the first focus of the gold price below is 3315. As long as it stays above 3315, gold is still in a bullish trend. Secondly, pay attention to the 3280 line below. If it falls below 3280, the gold price will further test the support of 3260-3250. It is possible that gold will form a head and shoulders top structure on the daily chart next week. It may fall to 3250-60 at the beginning of the week to lure shorts into the market, and then stretch and rebound to around 3350 to form a shoulder position, and finally directly dive down to around 3150.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD