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Gold Bullish Continuation or Pullback MoveXAU/USD is maintaining a strong bullish structure after recovering from the major demand zone area and pushing through multiple resistance levels. Price action shows a clean transition from accumulation to expansion, supported by an upside channel, indicating consistent buyer control. After the liquidity sweep below the range, the market formed a rounded base and began creating higher highs along the curve line. Even though the curve line was briefly broken, buyers quickly regained momentum, driving price back into the buyer zone near 4,250. This zone remains a critical decision area; holding above it may trigger a continuation toward the upper supply zone and the immediate bullish target around 4,360. If price rejects from the buyer zone, a corrective pullback toward 4,180–4,140 is possible before another attempt upward. However, as long as the higher-timeframe demand zone remains protected, the main bias stays bullish. Market structure, channel formation, and prior liquidity sweeps all support the likelihood of further upside continuation.
FXOPEN:XAUUSD
by ZACKFX7
1
CAD/JPY — Key Resistance Rejection: Short Opportunity FormsThe pair recently approached a strong horizontal resistance zone where price previously reversed. Current price action suggests rejection from this level, signaling potential downside pressure. Bearish candlestick patterns and weakening momentum indicate that sellers may be regaining control, making a short trade favorable for a tactical move. If the price fails to break above resistance decisively, a retreat toward previous support levels is likely — this aligns with classic resistance‑flip failure / trend continuation to downside. Key levels to watch: Entry (sell): near current resistance (~where price rejection is confirmed) Target: next major support / swing‑low zone Stop‑loss: just above resistance zone to minimize risk in case of breakout Professional takeaway: Wait for confirmation of resistance rejection (bearish candle or multiple rejections). Avoid entering prematurely before clear signs of seller dominance.
Short
by ZACKFX7
2
Bitcoin Toxic Flows! We need to find balance. After the violent & toxic order flow selling this week on CRYPTOCAP:BTC spot holders in pain, but as traders we have a few key levels to observe. READ PREVIOUS POST ^ for dates & timing. We have major weekly level at 75k & yOPEN 93.5k. The cleanest outcome is to auction price with organic flows, how does the market find balance? We range. This can come from a squeeze up 1st to test the 93.5k supply or rip the band aid off & give us 75k test. From there? we simply need to observe all flows with zero bias as mercenary sharp shooting traders. 80K is well supported for now. 1.49billion aggregated. But as we have seen this week, key levels breaking one after another. Either way, I would enjoy a range here, why? it simply makes for better trading. Have a great weekend all!
by Speculator_Nick
CDSL !! Time to Be Cautious! Bearish Signals Getting StrongerThis is the Daily Timeframe Chart Analysis of CDSL CDSL is currently forming a Rising Wedge pattern near the key resistance zone of 1680–1700. A breakout above this level with strong volume could lead to an upside target around 1800. However, if the stock fails to break this resistance and the zone holds, we may witness a downside move. In that case, CDSL could retrace towards the range-bound support area of 1500–1520. Thank you.
NSE:CDSLLong
by FiveCircles
DXY — London SessionThe US Dollar traded through 99.357, confirming a wide range between 97.6 and 99.9. This is already a large playing field, and today’s movement needs extra care. It’s Friday, and with weekend flows plus U.S. politics in the mix, price can move irregularly. Signals need double confirmation before bias. We have our range, and the focus now is to respect it — not rush it. The professional move: wait for structure to prove intent. Discipline always beats impulse. Fundamentals Dollar strength remains supported by cautious sentiment. Yields are steady, and investors are holding defensive exposure rather than chasing risk. It’s less about fresh demand — more about managing positioning ahead of next week’s data. — CORE5DAN Institutional Logic. Modern Technology. Real Freedom.
CAPITALCOM:DXYLong
by CORE5DAN
BTCUSD — Mind Games at the Range Low Pre Ny Session 🧭 Context Bitcoin is testing the range low at 112.885, holding just above despite multiple wicks below. Price hasn’t closed beneath structure — and until the 4H confirms, it’s still a game of perception, not breakdown. Don’t mistake volatility for intent. Price can sweep liquidity behind higher-timeframe wicks without flipping bias. As long as the 4H structure holds, the map remains bullish within the 112.885–116.077 range. 🔹Technical Frame Range intact: 112.885–116.077 4H close below 112.800 = structural shift Volume stable, delta neutral — no confirmation of breakdown Possible liquidity sweep event around macro news Focus zone: 113.200–114.000 for reactive setups 💡Macro Note With today’s data on deck, short-term volatility spikes are expected. Let the reaction confirm direction — not emotion. This phase is designed to shake conviction, not reward it. Institutional Logic. Modern Technology. Real Freedom.
COINBASE:BTCUSD
by CORE5DAN
Bitcoin Ranges OutlinedData for each BTC range this cycle 🟢 Green (Top label): Run up in USD & % gain 🔴 Red (Bottom label): Drawdown in USD & % drop Yellow label show the above range duration and total Coinbase volume for BTC/USD spot. Accumulation zone bottom 15-20% of the current range. $108-111K Sell at mid and highs of range, or hold some for possible breakout if highs come. If Bitcoin closes a weekly candle under $108K it breaks this structure it's had since the $15K lows.
COINBASE:BTCUSD
by HunterMorris
Options Blueprint Series [Intermediate]: ES Condor in the Clouds1 — The Market in a Cloud Layer The S&P 500 (E-mini and Micro E-mini) futures have recently been caught in a curious atmospheric pattern — not of weather, but of price action. After a strong sell-off shook the market a few days ago, both Fibonacci extensions and retracement zones now cluster densely above and below the current price. When these are joined by multiple Floor Trader Pivot Points and Unfilled Order (UFO) zones sitting in similar regions, a clear message emerges: this market is potentially trapped in a range. Resistance has been repeatedly observed near 6,873, while the lower boundary around 6,437 continues to attract buyers. The index seems to be trapped between Fibs — a typical post-volatility consolidation phase. For traders who understand that sideways markets can be just as valuable as trending ones, this environment presents an opportunity. Instead of chasing direction, the goal becomes to capture time decay while staying within defined risk limits. 2 — The Strategy: Short Iron Condor Fundamentals A Short Iron Condor combines two credit spreads: A short call spread above current price A short put spread below current price Together, they create a “no-fly zone” for the underlying — a region where the trader earns maximum profit if price remains between the inner strikes. This position benefits from: Stable or neutral price movement Time decay (theta) Declining implied volatility The Iron Condor offers defined risk and defined reward, making it a powerful candidate for range-bound markets like the current ES setup. While the maximum gain is limited to the net premium collected, the maximum loss is also capped, making this a risk-defined non-directional strategy. Because this structure has both call and put spreads, it offers low Vega exposure — meaning it’s not overly sensitive to volatility shocks. For intermediate traders, this makes it a comfortable way to step beyond simple single-leg strategies and into the world of multi-leg, theta-driven structures. 3 — The Setup: Building the ES Condor For this idea, we’re looking at the ES (E-mini S&P 500 Futures) options expiring on November 13. The structure is built as follows: Sell 6880 Call @ 34.43 Buy 6890 Call @ 31.69 Buy 6430 Put @ 55.32 Sell 6440 Put @ 57.07 This results in a net credit, generating the potential for a maximum profit of 4.49 points (per spread), while the maximum risk stands at -5.51 points. The reward-to-risk ratio comes to approximately 0.8:1, with a statistical win rate of 52.6% based on the current volatility surface, and the Breakeven points: 6,436 and 6,884. As long as the ES price remains between these levels by expiration, the structure will achieve profitability. The Iron Condor works best when volatility remains stable or contracts — a condition currently supported by the post-drop equilibrium visible in implied volatility readings across near-term expirations. 4 — Chart Context: Technical Landscape Supporting the Range The chart of the E-mini S&P 500 Futures (ES) reveals a tight compression zone forming between Fibonacci extensions and retracement levels above @ 0.618 (≈6,868) and below @ 0.618 (≈6,437). This overlap with Floor Trader Pivots — specifically R1 at 6,873 and S1 at 6,488 — paints a classic range structure. This setup can be the natural habitat for an Iron Condor. While directional traders may feel frustrated by sideways movement, option sellers can see this as a period of controlled opportunity — where theta decay compensates for the market’s hesitation. In other words, as long as ES continues to “hover in the clouds,” the Condor quietly collects premium. 5 — CME Product Specifications and Margins Understanding the underlying contracts is essential when selecting between E-mini S&P 500 Futures (ES) and Micro E-mini S&P 500 Futures (MES) for this options setup. E-mini S&P 500 (ES) Futures Tick Size: 0.25 = $12.50 per tick Trading Hours: Nearly 24 hours (Sunday–Friday, CME Globex) Margin (approx.): $21,000 per contract Micro E-mini S&P 500 (MES) Futures Contract Size: 1/10 of ES Tick Size: 0.25 = $1.25 per tick Margin (approx.): $2,100 per contract (Margins may vary slightly depending on volatility and broker policies.) For smaller accounts or for traders looking to practice scaling and hedging, the MES provides a highly capital-efficient alternative to ES. When executing the Short Iron Condor, traders may also consider margin offsets if the structure is risk-defined — a benefit when using portfolio margin accounts. However, margin usage will vary by broker and account type. 6 — Risk Management: Keeping the Condor in the Clouds Every Iron Condor begins with a disciplined approach to risk. Here’s how it can be managed: Position Sizing: Determine exposure based on the maximum loss, not the credit received. For instance, risking 1–2% of account equity per structure keeps risk contained even during volatility spikes. Exit Before Expiration: Avoid gamma risk in the final days. Closing the trade when 50–60% of the maximum profit is achieved can reduce time risk while locking in gains. Adjustments: If price nears a breakeven zone (6,436 or 6,884), traders can consider rolling the threatened side further away or closing half of the position to reduce delta exposure. Volatility Awareness: A volatility spike can temporarily pressure the mark-to-market value. Because the Iron Condor is short Vega, it benefits from a calm or contracting volatility regime. When markets are calm, this strategy works beautifully; when storms approach, it’s time to bring the Condor to the ground. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME_MINI:ES1!Education
by traddictiv
Forex Idea: USDCAD Short Bias – D1 Supply Zone ReactionUSDCAD has been trading in a ranging market over the past few sessions, consolidating after a strong bullish extension that began from the key level 1.3760 on September 25. This upward move has now brought price into a well-defined Supply Zone between 1.3885 and 1.3985, a 100-pip band that historically attracts selling pressure. 📊 Technical Breakdown - Supply Zone (1.3885–1.3985): Price has entered a high-probability reversal area on the Daily chart. This zone has previously acted as a ceiling, and early signs of rejection are emerging. - Ranging Behavior: The market has stalled within this zone, printing indecisive candles and suggesting a potential shift in momentum. This consolidation often precedes a breakout or reversal. - Extension from 1.3760: The bullish leg from this key level has now matured, and the pair may be due for a corrective move or deeper retracement. 🎯 Trade Outlook This setup favors a short bias, especially if bearish confirmation appears on lower timeframes (H4/H1). Traders should watch for rejection wicks, bearish engulfing patterns, or divergence signals to validate entry. - Entry Zone: Within the supply band, ideally near the upper boundary for optimal RR. - Stop-Loss: Above 1.3985 to protect against breakout continuation. - Target Zone: Back toward 1.3760 or mid-range levels, depending on intraday structure. ⚖️ Why This Setup Matters This is a textbook example of price reaching an institutional supply level after a sustained rally. The 100-pip range offers room for tactical entries and exits, and the confluence of ranging structure + supply zone makes this a compelling swing trade candidate.
by ICT_Trader_SB
USOIL: Breaks $64.75 — Is a retest of $66 and higher level?This is my previous analysis — feel free to take a look for reference. * Trend: assessed using at least three trend indicators, with market structure as the primary guide. ** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals. *** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) – and determined based on the trader’s discretion. **** Our advice takes into account all factors, including both fundamental and technical analysis. It is not intended as a profit target. We hope it can serve as a reference to help you trade more effectively. This advice is for informational purposes only and we assume no responsibility for any trading results based on it. Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨
TVC:USOILLong
by ZuperView
USOIL: Range-bound setup with upside test before downside risk * Trend: assessed using at least three trend indicators, with market structure as the primary guide. ** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals. *** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) – and determined based on the trader’s discretion. **** Our advice takes into account all factors, including both fundamental and technical analysis. It is not intended as a profit target. We hope it can serve as a reference to help you trade more effectively. This advice is for informational purposes only and we assume no responsibility for any trading results based on it. Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨
TVC:USOILLong
by ZuperView
3
DXY Analysis – Are Bad News Already Priced In?Since Trump entered the White House, the U.S. Dollar has taken a hard hit against its major counterparts, losing more than 10% overall. But looking closer at the chart, we see a different story: since the April low around 97.80, the DXY has been stuck in a range-bound pattern, with the exception of July’s dip that was quickly reversed. Lately, the USD has faced strong headwinds: • Two weak NFP reports in a row. • The Fed hinting at rate cuts. • A constant flow of bearish headlines. And yet, the Dollar did not collapse to fresh lows — instead, it simply revisited the same levels as before. This is a classic market signal that bad news may already be priced in. From a technical standpoint, August was nothing but an annoying tight range: • Support around 97.50. • Resistance near 98.50. Now, although the index looks like it’s breaking lower, I suspect this is another false breakdown, one that could be reversed quickly. If that plays out, the stage is set for a push higher — potentially to the 100 zone, a clean 3% rise from current levels. Such a move would naturally translate into pressure on the majors: • EUR/USD could slide back toward 1.14. • GBP/USD could retreat near 1.35. For now, I’m watching closely for reversal signals. The market has punished the USD for months, but if sellers are exhausted, the Dollar may surprise to the upside. 🚀
TVC:DXYLong
by Mihai_Iacob
1
Bitcoin Fade 118k, buy 114–111k dips__________________________________________________________________________________ Market Overview __________________________________________________________________________________ BTC is consolidating below the yearly range high: higher-timeframe remains constructive while short-term momentum has turned lower. Sellers are active into 116.5–118k, with 111–114k catching dips. Momentum: Bearish 📉 intraday with a supportive 1D/1W backdrop; “sell the rips” under 116.5–118k. Key levels: • Resistances (4H–1D): 116.5–118k (major pivot), 120–121k (intermediate supply), 124k (ATH area). • Supports (2H–1D): 114–114.5k (range median), 111–111.7k (W Pivot High), 105–98k if 111k breaks. Volumes: Normal to moderate; on 2H–4H, spikes mainly on sell pushes below 115k. Multi-timeframe signals: 1D/1W = Up, 6H→15m = Down; 111–114k holds structure, 118k caps rebounds. Risk On / Risk Off Indicator context: VENTE — contradicts bullish breakouts and favors selective range trading. __________________________________________________________________________________ Trading Playbook __________________________________________________________________________________ Game plan: trade the range defensively below 118k and be ready to flip long on a confirmed 4H/12H close above it. Global bias: Neutral-bullish as long as 111k holds, tactically short below 118k; higher-timeframe invalidation if daily/12H closes below 111k. Opportunities: • Reactive long 114–111.5k on wick/volume confirmation, target 116k then 118k. • Breakout buy on 4H/12H close > 118k, aiming 120k then 124k. • Tactical fade short 116–118k on clean rejections; target 114k then 112k. Risk zones / invalidations: • A 12H close < 111k opens 105k then 98k (HTF bullish invalidation). • A 4H/12H close > 118k invalidates shorts and flips the bias long. Macro catalysts (Twitter, Perplexity, news): • Powell signaled cuts “may be warranted” and the FAIT regime is being dropped → risk-on tailwind. • Spot ETF flows turned positive again (ARKB, BITB), aligning with risk appetite → tactical support. • Stablecoin inflows: >$500M USDC to Coinbase → potential spot fuel if 118k breaks. Action plan: • Range-long: Entry 114.5k→113k (ladder) / Stop daily < 111k / TP1 116k, TP2 118k, TP3 120k / R:R ≈ 2.0–2.5. • Breakout-long: Entry on 4H/12H close > 118k / Stop ~116.5k / TP1 120k, TP2 124k, TP3 runner / R:R ≈ 1.8–2.2. • Range-short: Entry 116–118k (rejection) / Stop 4H close > 118k / TP1 114k, TP2 112k, TP3 111k / R:R ≈ 1.5–2.0. __________________________________________________________________________________ Multi-Timeframe Insights __________________________________________________________________________________ HTF structure remains constructive while LTFs lean bearish under the 116.5–118k cap. 1W/1D: Bullish structure above 111k; a confirmed 4H/12H close above 118k unlocks 120k/124k. 12H/6H/4H/2H: Lower highs persisting; rebounds get faded under 116.5–118k, with 114k then 112k as magnets. 1H/30m/15m: Short-term down channel, micro-range 114.8–116.2k; prefer shorts under 116k, reactive longs only on clean 114k signals. Divergences/confluences: Strong confluence at 118k (multi-TF resistance) and 111k (HTF pivot). This pair drives breakout vs. reversion scenarios. __________________________________________________________________________________ Macro & On-Chain Drivers __________________________________________________________________________________ Macro tilts mildly risk-on, but follow-through depends on holding closes above 118k and geopolitical calm. Macro events: • Post–Jackson Hole, Powell noted cuts may be warranted; US indices printed records, yields fell, USD slipped → risk-on support. • Fed is dropping the implicit FAIT while keeping 2% long-term target → clearer policy path, lower regime uncertainty. • Truflation near ~2.1% with slowing growth signs → higher cut odds, liquidity tailwind for risk assets. Bitcoin analysis: • BTC volatility: dip ~112k then bounce 115–117k; 118k remains the decision level. • Spot ETFs: outflows flipped to inflows (ARKB, BITB) → increases odds of a clean breakout. • Stablecoins: >$500M USDC to Coinbase = potential spot bid if 118k breaks; watch for deployment. On-chain data: • Elevated OI but recently cleaned up → leverage healthier yet sensitive. • Slower net capital inflows late-cycle; ETH-derivatives dominance → potential volatility spillover to BTC. Expected impact: Macro/on-chain slightly favor the top of the range; technically, bias flips only on a confirmed close > 118k, else range persists. __________________________________________________________________________________ Key Takeaways __________________________________________________________________________________ BTC holds a mature range between 111k and 118k with HTF tailwind but LTF headwinds. - Trend: bullish on 1D/1W, bearish on LTF; 118k is the trigger for 120k/124k continuation. - Best setup: buy 114–111.5k on clean reaction or follow the confirmed breakout > 118k; alternatively, fade 116–118k rejections. - Macro: Powell’s easing tilt + ETF/stablecoin flows support upside if 118k gives way. Stay nimble: trade the range until the break, and protect risk around key closes and macro headlines. ⚠️
INDEX:BTCUSD
by Ox_kali
Minor Bullish Signs Inside Gold’s Bearish Range▋Observation & Meanings: ▪Price is currently trading within a broader range. ▪After touching the bottom of that range, price bounced and took out the prior high — signaling a potential minor uptrend beginning to take shape within the range. ▋Critical Questions: 🔹 Is the surge reliable? ▪Rather than reacting to a surge, it’s more constructive to wait for a clear uptrend. A valid uptrend only takes shape when price starts forming higher lows . ▪Also, recent behavior within the range suggests bearish pressure remains. Tops are rejected sharply, while bounces from the bottom are slower and more choppy. 🔹 What opportunities might be next? 1. A potential long trade toward the top of the range: ▪Look for price to pull back, form a higher low, then push through the previous high in one clean move. ▪The opportunity comes when the price retests the prior high, confirming a resistance-turned-support level. ▪Interesting finding: $3,387 might act as a strong resistance level . The last two bounces from the bottom of the range both advanced about the same distance before pulling back. Could this time play out the same way? 2. Short opportunities inside the range: ▪This aligns with the current bearish skew . ▪Potential setups to watch for: - A consolidation that breaks to the downside. - When price drops through the bottom of the range without hesitation or buildup, it reinforces the bearish bias . ▋Mental Notes: ▪Range-bound markets can still provide opportunity — if you're clear about risk and structure. ▪Don’t predict the price, trade the price. Have a plan, but not blindly follow. ▪The market will always find ways to surprise. Stay open and follow the flow. If you find the analysis helpful, drop a 🚀 to show some support — always open to thoughts and discussion! ▋Not Financial Advice: The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
PEPPERSTONE:XAUUSDShort
by stock_adelie
1
How to Capture Reversals/Breakouts with MAD IndicatorBTC/USDT 15M – Market Anomaly Detector (MAD) Captures Reversals & Breakouts ⸻ Description: On this BTC/USDT 15-minute chart, the Market Anomaly Detector (MAD) is actively highlighting high-probability market turning points and anomaly zones. Key Observations from the Chart: 1. Green & Red Zones = Expected Price Range • Green Line (Upper Band): Expected top of the range. • Red Line (Lower Band): Expected bottom of the range. • Price usually travels green → red → green, forming a natural oscillation. 2. Buy/Sell Signals = Breakout + Reversal Detection • Buy Signal: Triggered when price closes above the green line or recovers from below the red line. • Sell Signal: Triggered when price closes below the red line or rejects from the green line. • This reverse psychology logic helps catch false breakouts and stop-loss hunts. 3. Performance on This Chart: • Signals aligned with key reversals during the sideways-to-downtrend transition. • The strong downtrend in the second half of the chart shows multiple accurate sell signals, confirming trend continuation. • Sideways movements had minimal false signals due to cooldown + volume filter. 4. Unique Advantage (USP): • Statistical approach using Z-Score & Standard Deviation. • Multi-filter confirmation with RSI, volume, and higher timeframe trend. • Visually clear anomaly zones: • Green background = Bullish anomaly • Red background = Bearish anomaly • Gray background = Neutral range Takeaway: MAD helps traders anticipate anomalies rather than react late, offering high-probability trade entries and reversals in trending and volatile conditions.
Short
by TradeTechanalysis
Gold Range-Bound and Ripe for Mean Reversion Plays?Gold has been locked in a sideways, range-bound regime for months, largely oscillating between the 3400 and 3160 levels. This lack of clear directional trend stems from conflicting fundamental forces: on one hand, sticky inflation and resilient U.S. data have bolstered the U.S. dollar and yields, weighing on gold. On the other, global growth concerns and geopolitical tensions continue to underpin demand for the metal as a safe haven. The push and pull of these opposing themes has created an environment of indecision and choppy price action. While long-term investors may find this frustrating, range traders and mean reversion strategies are thriving. With technical boundaries so well-defined, short-term oscillations within the range are offering repeated opportunities for disciplined entry and exit. Currently, XAUUSD is trading just under the 3296 level after a recent rejection from the 3350s. The bearish structure suggests a potential leg down toward the 3160–3180 support zone. However, absent any major economic surprises or geopolitical shocks, this could merely be another deviation from the mean rather than a true breakdown. Indicators like RSI and Stochastic Oscillator are already hinting at early signs of bullish divergence. If price holds above or near 3160, the setup for another mean-reversion trade back toward the mid-range (around 3296 or higher) could unfold. In the current environment, fading extremes rather than chasing trends remains a strategy of edge, as depicted by the 14 period RSI.
COMEX:GC1!
by Jacques1000
EUR/GBP Technical Analysis – Range-Bound Structure EUR/GBP Technical Analysis – Range-Bound Structure with Potential Rebound The pair is currently trading within a well-defined horizontal channel between: Support Zone: 0.86400 – 0.86200 Resistance Zone: 0.87800 – 0.87600 Price is currently near the mid-level (0.86756), showing consolidation after a rejection from resistance. Supertrend Indicator: The Supertrend (10,3) is currently bearish (red line above the price), indicating short-term downward pressure. Price recently broke below the Supertrend line near the highs, suggesting a correction is underway. Volume Profile (Left Side): Significant volume has been transacted around the current market range (Point of Control). This indicates strong interest and fair value, often leading to sideways movement before the next breakout. Bull Wick Highlight (Mid-July): Indicates buying pressure from lower levels, acting as historical demand near 0.86400. 🔄 Price Projection & Scenario Planning: ✅ Scenario A: Bullish Rejection from Support If price retests the support zone (0.86400 – 0.86200) and forms a bullish rejection (e.g., pin bar or engulfing), a bounce is likely. Target: Resistance zone 0.87600 – 0.87800 Confirmation: Bullish candle + break of 0.86900 resistance. ❌ Scenario B: Bearish Breakout Below Support A break and close below 0.86200 may trigger a deeper correction. Next possible downside target: 0.85800 Volume drop and strong red candles would support this. 🔧 Technical Summary: Indicator Status Structure Sideways / Range-bound Supertrend Bearish (Short-term) Support Zone 0.86200 – 0.86400 Resistance Zone 0.87600 – 0.87800 Bias Neutral-to-Bullish (above support) 🧠 Educational Note: This chart is a great example of range trading—where traders look to buy near support and sell near resistance, especially when there is no strong trend. Patience and confirmation signals (like wick rejections or volume spikes) are key in such setups.
Long
by Mentor_Michael03
Pump Coil Dump Day 1-2-3 USDJPYUSDJPY Reversal Trade. Points to Notice Day 1 - Sets the new week high and low. Establishes a new week closing price as a target for a day 3 setup. Day 2 - Typically expands Mondays range in the direction of the underlying oder flow. This occurs as a pump/ dump leading to the Asia and London coil sideways. Day 3- We take note of the previous day high and low to observe price going into the NY session. In this case Price gave signs of a coiling reversal into the evening setting up for the move below Day 2 closing price. Ideally what you want to see in this template is traders faked into a breakout move in the direction of the pump. This can present as a candle close above yesterdays high or closing price. After trapping traders in we see the change in order flow creating a new lower low. This is the confirmation to look for an entry at the previous days closing price. We set a stop at the high of day 3 level or at the previous days high with a target at the previous days low. In extreme cases we may see a setup that expands to the LOW level. THE ONLY IMPORTANT DATA POINTS. - PREVIOUS DAY HIGH AND LOW - CLOSING PRICE - LOW HOW LEVELS - DAY COUNT MARKETS ONLY DO TWO THINGS - BREAKOUT, FAIL, REVERSE - BREAKOUT, RETEST, TREND. ONLY LEVELS THAT ARE TRADED - PREVIOUS DAY HIGH (STOP LOSS) - PREVIOUS DAY CLOSING PRICE (ENTRY) - PREVIOUS DAY LOW (TARGET) CMCMARKETS:USDJPY FX:EURUSD OANDA:USDJPY
by GiancarloZacc
2
GBP/JPY SELL SETUP - Range Resistance RejectionGBPJPY is showing classic range-bound behavior with a clear rejection setup at key resistance. 📊 Market Analysis Timeframe: Daily Bias: Bearish (within established range) Pattern: Range-bound market with resistance rejection 🎯 Trade Setup Entry: 196.400 - 196.800 (on rejection candles) Stop Loss: 199.200 (above range high) Take Profit 1: 192.500 (mid-range) Take Profit 2: 189.500 (range support) 📈 Technical Reasons ✅ Multiple rejections at 198.480 resistance level ✅ Range-bound market structure intact ✅ Bearish rejection candle formation ✅ Risk-reward ratio 1:2 to 1:3 🔍 Key Levels Resistance: 198.480 (range top) Support: 189.365 (range bottom) Invalidation: Break above 199.200 ⚠️ Risk Management Position size: 1-2% of account Watch for any break above resistance with volume Weekly bias remains bullish - be ready to exit if range breaks up 💡 Trade Plan Looking for price to respect the established range and move back toward support levels. This is a counter-trend trade within the range structure. Remember: Trade your plan, plan your trade. Always manage risk first!
Short
by ThulaniMtetwa