EURUSD - One More Bearish Impulse Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURUSD has been overall bearish trading within the falling broadening wedge pattern marked in red and it is currently retesting the upper bound of the channel acting as a non-horizontal resistance.
Moreover, the blue zone is a strong supply.
📚 As per my trading style:
As #EURUSD retests the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trend
AUDJPY - One More Bearish Impulse Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈AUDJPY has been overall bearish trading within the falling broadening wedge pattern marked in red and it is currently retesting the upper bound of the channel acting as a non-horizontal resistance.
Moreover, the green zone is a strong supply.
📚 As per my trading style:
As #AUDJPY retests the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAUUSD: The decline has stopped, continue to buyAs the talks between Trump and Putin achieved results on Saturday, risk aversion decreased, gold fell rapidly at the opening, and after briefly breaking through 3330, it found support again and rebounded strongly, reaching a high of 3358. Subsequently, the price of gold entered a slow decline, mainly because the market was waiting for the results of the talks between Trump, Zelensky and several European leaders, which was the main factor affecting the subsequent rise and fall of gold prices.
Personally, I think it is unlikely that this meeting will completely resolve the situation between Russia and Ukraine. Since it cannot be resolved, the geopolitical risks still exist, and the market's risk aversion is unlikely to decline, so gold will continue to rise.
Today's focus is on 3340. If support is found, consider buying.
🏆Trade setup:
📈Buy at 3340
✅Target 1 - 3355
✅Target 2 - 3370
🛑Stop Loss - 3330
📣If you have different opinions, please leave a message below to discuss
USDJPY Sell Setup – Watching 147.600 Key Zone Next WeekHey Traders,
In the coming week, I’m monitoring USDJPY for a potential sell opportunity near 147.600.
Trend: Still in a clear downtrend.
Current move: Price is correcting upward into resistance.
Key level: 147.600 – a major support-turned-resistance area.
If price rejects this zone with confirmation, it could resume the bearish move. I’ll be looking for signs of weakness (candlestick rejection, momentum shift) before entering.
What do you think? Will USDJPY hold below 147.600 or push higher first?
Trade safe,
Joe
Gold pulls back as expected, you can continue to sellIn my previous trading strategy, I reiterated my view that gold prices would continue to fall if they couldn't break through 3370 in the short term.
And indeed, gold's performance behaved as expected. After hitting 3370, it fell again, reaching a low of 3350.
Technically, the current correction in gold prices hasn't concluded. The Fibonacci retracement indicator for the 3408-3330 trend shows that 3370 is at 0.5, and 3360 is at 0.618, representing resistance. Meanwhile, the MACD indicator has formed a death cross.
Therefore, we do not need to make any changes to our trading strategy. As long as 3370 is not effectively broken, we can continue to short based on the resistance range.
Trade setup is as follows:
Sell near the 3360-3370 area
First target 3350
Second target 3340
Final target 3330
Stop loss at 3380
📣If you have different opinions, please leave a message below to discuss
Gold Trading Strategy XAUUSD August 14, 2025Gold Trading Strategy XAUUSD August 14, 2025:
Gold prices continued to rise in the European session on August 13, 2025 as mild US inflation data raised expectations of a Federal Reserve rate cut in September, while a weaker US dollar also boosted demand for gold.
Fundamental news: The US labor market report earlier this month initially weighed on the greenback, but the latest US CPI data added pressure as it did not show a clear acceleration in inflation due to tariffs in July. The inflation data reinforced the possibility that the Fed will take a more dovish stance in September, which is what the market is expecting.
Technical analysis: After a deep correction to the 3330 area, gold prices showed signs of increasing again. On the H1 frame, an upward price channel has been formed, but the current MA lines are still moving sideways, not showing a clear trend. The 3350 - 3355 area will be the important area to decide whether this uptrend channel can hold or not. RSI on H1 and H4 timeframes has entered the buy zone, this is a very good condition for us to trade. We will trade at the support zones and large liquidity zones of gold prices.
Important price zones today: 3350 - 3355, 3335 - 3340.
Today's trading trend: BUY.
Recommended orders:
Plan 1: BUY XAUUSD zone 3350 - 3352
SL 3347
TP 3355 - 3365 - 3375 - 3390.
Plan 2: BUY XAUUSD zone 3335 - 3337
SL 3332
TP 3340 - 3350 - 3370 - 3390.
Plan 3: SELL XAUUSD zone 3388 - 3390
SL 3393
TP 3385 - 3375 - 3365 - 3355 (small volume).
Wish you a safe, successful and profitable trading day.🥰🥰🥰🥰🥰
XAUUSD Showing Mild Recovery, What’s Next?Hello everyone, it's great to be back!
As of writing, OANDA:XAUUSD is experiencing a mild recovery from the lows, currently moving around the 3360 USD level. The precious metal has formed a new support zone and is bouncing after touching the trendline. If this level is well-utilized, the target could extend to test 3380 USD (intermediate resistance) and potentially the psychological level of 3400 USD.
Looking at the outlook: Today, key economic indicators, including Core PPI (Core Producer Price Index), PPI (Producer Price Index), and Unemployment Claims will be released. Forecasts suggest that Core PPI and PPI will increase by 0.2%, while Unemployment Claims are expected to drop to 225K.
If PPI is high, this could lead the Fed to maintain high interest rates, putting downward pressure on gold. However, if Unemployment Claims rise, gold could benefit from its safe-haven role and continue to rise (two opposing factors). Therefore, it’s important to monitor these developments for a clearer direction on gold.
Based on this information, I’m leaning towards a recovery in gold, but what do you think?
Gold rebounds and is facing resistance, waiting for a declineIn the previous article, I said that if the gold price cannot hold above 3370 in the short term, then the gold price will continue to fall.
Today's rebound in the Asian and European sessions shows mixed gains and losses on the K-line chart, indicating a weak rebound. After rebounding to 3367, gold prices turned downward again.
Meanwhile, the 1-hour MACD indicator also shows signs of forming a death cross. The Fibonacci retracement indicator from 3408 to 3330 indicates that the 0.618 level is at 3360, and the 0.5 level is at 3370. Therefore, the 3360-3370 range is currently a resistance zone.
Therefore, I still maintain my previous view that as long as it cannot hold 3370, you can short in the resistance area.
WMTX — From Accumulation to Breakout? WMTX has been in a strong bearish trend 📉 since late 2024, moving within a clear descending channel.
After months of decline, price action shifted into an accumulation phase 📊, forming a range between support and resistance (highlighted in blue).
Recently, buyers 🐂 have stepped in, pushing price toward the upper boundary of this range. A confirmed breakout 🚀 and retest of this zone could signal the end of accumulation and the start of a bullish markup phase 📈, with a potential target near $0.50 💰.
As long as the range low holds, the bias remains bullish ✅, but confirmation from a clean breakout is key for momentum to build.
🔔 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Gold rebound is weak, beware of further declineThe CPI data released this week was lower than market expectations, which is considered positive news. However, since it was the same as the previous reading, gold prices only rebounded briefly before entering another period of volatile consolidation.
From the 4-hour chart, gold prices have already broken through support levels. If they fail to break back above 3370 in the short term, they may continue to test the bottom.
Gold's rebound is weak in the short term, and it's trending downward. The K-line indicator is showing a bearish pattern, and the MACD indicator has formed a death cross.
Therefore, if you want to trade short, wait for a rebound around 3360. Set a stop-loss at 3370, with a target of 3340 and then 3330.
XAUUSD Gold Trading Strategy August 12, 2025XAUUSD Gold Trading Strategy August 12, 2025:
Gold prices were under pressure on Monday (August 11) and recovered in the morning trading session today (August 12). US President Trump clearly stated that he would not impose import tariffs on gold, dispelling previous market concerns about disruptions to the global gold supply chain.
Fundamental news: Investors are paying attention to the Federal Reserve's interest rate outlook. Gold is entering a correction phase after tariff concerns are resolved, and price movements may be more influenced by Dollar and inflation data.
Technical analysis: Gold prices continue to correct downwards following the trend from last week, with MA lines still acting as resistance. Currently, the RSI H1 frame is approaching the oversold zone, and there is a high possibility that gold will recover this weekend. Resistance and high liquidity areas such as 3354 - 3359 and 3370 - 3375 will be very good trading areas.
Important price zones today: 3354 - 3359, 3370 - 3375 and 3318 - 3323.
Today's trading trend: SELL.
Recommended orders:
Plan 1: SELL XAUUSD zone 3357 - 3359
SL 3362
TP 3354 - 3344 - 3334 - 3324.
Plan 2: SELL XAUUSD zone 3373 - 3375
SL 3378
TP 3370 - 3360 - 3340 - 3320.
Plan 3: BUY XAUUSD zone 3318 - 3320
SL 3315
TP 3323 - 3333 - 3343 - 3363 (small vol).
Wish you a safe, successful and profitable trading day.🌟🌟🌟🌟🌟
[Deep Dive] ENA – Edition 5: From Channel Break to $1?BINANCE:ENAUSDT ENA has just completed one of the cleanest bullish breakouts we’ve seen this month — transitioning from months of compression inside a bearish channel to an aggressive impulsive rally.
📉 Bearish Phase
For most of 2025, ENA traded within a descending parallel channel, stuck in a cycle of lower highs and lower lows. Momentum was firmly in the bears’ hands, and every rally attempt was quickly rejected at the channel’s upper bound.
📈 Bullish Breakout
In late July, the tide shifted. Price broke decisively above the channel, retested the breakout zone, and entered a steep ascending channel. This bullish structure is now guiding price toward the $0.90 and $1.00 resistance zones — key psychological and technical targets.
The current move has left an orange demand zone ($0.70–$0.72) in its wake, which could act as a magnet for a healthy retest before another push higher.
🔥 Fundamental Tailwinds
ENA (Ethena) has been making headlines in the DeFi yield space with its synthetic dollar protocol USDe, offering stable and high on-chain yields. Recent updates include:
Expansion of USDe collateral integrations across major DeFi protocols.
Strategic partnerships with lending and derivatives platforms, increasing USDe’s utility.
Continued growth in circulating USDe supply, signaling strong adoption.
As yields and DeFi activity heat up, ENA could continue to attract liquidity — especially with narratives around on-chain stable yields gaining momentum.
🧠 Key Levels to Watch
- Support: $0.70–$0.72 (demand zone)
- Immediate Resistance: $0.90
Major Breakout Target: $1.00 — a key round number and potential profit-taking zone.
A clean retest of the orange zone followed by bullish confirmation could offer one of the best risk-to-reward entries in weeks.
💬 What’s your take — will ENA clear $1 on this run, or does it need a deeper pullback first?
🔔 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Gold support has been confirmed, buy with confidenceThe most anticipated outcome for the gold market this week is tomorrow's CPI data. After today's pullback during the Asian and European trading sessions, the current price has reached support levels. Before the CPI release, I believe volatility will be minimal, with a high probability of limited fluctuations.
The chart shows that 3350 is a key support level. After several hours of testing, 3350 has stabilized, so we can buy at this level, with the initial target being 3360, followed by 3380.
XAUUSD Gold Trading Strategy August 11, 2025
At the beginning of the new week's trading session, the gold price fell sharply from the 340x area to the current 335x area.
Basic news: The US Dollar Index (DXY) fell to around 98 last week, unable to stay above 100. Although the 10-year Treasury yield rose to 4.285%, the Dollar remained under pressure, reflecting market concerns about political risks in the United States.
Technical analysis: After the price met the 340x resistance area, it fell sharply. Currently, the H1 frame MA lines have turned into resistance, but the H4 frame is still support. The H1 frame RSI is showing signs of increasing again and moving towards the average line; the H4 frame RSI is adjusting towards the oversold area. We will wait at the resistance areas and liquidity areas to trade.
Important price zones today: 3375 - 3380, 3350 - 3355 and 3395 - 3400.
Today's trading trend: SELL.
Recommended orders:
Plan 1: SELL XAUUSD zone 3378 - 3380
SL 3383
TP 3375 - 3365 - 3355 - 3330.
Plan 2: SELL XAUUSD zone 3395 - 3397
SL 3400
TP 3392 - 3382 - 3362 - 3330.
Plan 3: BUY XAUUSD zone 3353 - 3355
SL 3350
TP 3358 - 3368 - 3378 - 3390 (small volume).
Wish you a safe, successful and profitable new trading week.🥰🥰🥰🥰🥰
Learning#05 : Decoding Highs and Lows📚 Learning#05 : Decoding Highs and Lows
- A Trader’s Guide to Reading the Market - Simple Yet Important
If the market were a book, the trend would be its storyline — and as traders, our job is to read that story without skipping pages. Trading with the trend puts the odds in your favor because you’re flowing with the market’s natural momentum, not fighting it.
Whether it’s an uptrend, downtrend, or a sideways grind, spotting it early gives you a big edge in deciding when to enter, when to exit, and when to simply step aside.
One of the simplest yet most reliable ways to read that story?
👉 Story of Highs and Lows
Let’s break it down.
📚 Understanding Highs and Lows in Trading
In technical analysis, highs and lows are the market’s way of leaving breadcrumbs.
A high is a peak before the market pulls back.
A low is a trough before the market bounces.
Track these points over time and you start to see patterns that reveal the market’s mood — bullish, bearish, or indecisive.
This isn’t about guessing; it’s about observing price action as it is.
📌 The Four Key Building Blocks of Market Structure
1️⃣ Higher Highs (HH)
Each new high is higher than the one before.Paired with higher lows, this signals an uptrend. Buyers are in control, and demand is pushing price upward.
Example: Nifty rallies from 22,000 to 22,200, pulls back to 22,100, and then rallies to 22,350. That second high (22,350) is higher than the first, confirming bullish momentum.
2️⃣ Higher Lows (HL)
Each pullback low is higher than the last.This tells you that sellers tried to push the market down — but buyers stepped in sooner this time, showing strength.
HLs often precede trend continuation and give great spots for entering long positions with tight risk.
3️⃣ Lower Lows (LL)
Each new low is lower than the previous one.Paired with lower highs, this marks a downtrend. Selling pressure is in charge, and rallies are being sold into.
4️⃣ Lower Highs (LH)
Each bounce high is lower than the last.This shows weakening buying pressure and often leads to another push lower.
Think of it like climbing stairs vs. walking down a hill:
📌 HH + HL = Stairs up → Bull trend.
📌 LL + LH = Hill down → Bear trend.
📈 HH+HL : Bullish Setup :
📉 LL+LH : Bearish Setup :
📌 Why It Matters for Traders
Price action is the most honest information in the market — no lag, no magic, no guesswork.
HH/HL → Bulls in control → Look for long setups.
LL/LH → Bears in control → Look for short setups.
Spotting these patterns on the fly means you can align with the dominant side instead of fighting it.
🧩 Combining HH & LL With Other Tools
📏 Fibonacci Retracements
Once you’ve identified the trend:
In an uptrend, draw Fibonacci from the latest HL to HH for pullback buying zones.
In a downtrend, draw from the latest LH to LL to find shorting opportunities.
⛰️ Fractals for Clarity
Fractals help pinpoint swing highs and lows without guesswork. I personally track HH/HL/LL/LH on a 1-minute chart for intraday trading — this keeps me in sync with the micro-trend while avoiding sideways traps.
🔀 Trendlines & VWAP
Trendlines show the bigger path, VWAP confirms intraday balance. When HH or LL aligns with these, you’ve got high-confluence setups.
🥷 Kiran’s Approach
For intraday, I start by mapping the structure: HH, HL, LL, LH. This gives me the immediate trend bias and alerts me to potential reversals early. I track them on a 1-min chart, combine with Fibonacci and trendlines, and trail stops as the structure unfolds.
It’s simple, visual, and keeps me out of bad trades and warns me to stay out of a sideways market situation, too.
🔑 Key Takeaway
Market structure is like a language — HH, HL, LL, and LH are its alphabet. Once you learn to read it, you’ll never trade blind again.
💡 “Trade what you see, not what you think. The chart always whispers first — you just have to listen.”
Start marking highs and lows on your chart tomorrow. Watch the story unfold. Trade in sync, and you’ll notice your entries become sharper, your exits cleaner, and your confidence higher.
See you in the next one — and until then:
Keep it simple. Trade with structure. Trust the levels.
— Kiran Zatakia
XRP - Wait for It!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈XRP has been overall bullish trading within the rising wedge pattern marked in blue, and it is currently retesting the lower bound of the wedge.
Moreover, it is retesting a strong demand zone marked in orange.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #XRP retests the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
XAUUSD Gold Trading Strategy August 8, 2025XAUUSD Gold Trading Strategy August 8, 2025:
Gold prices have approached the 340x area and have fallen sharply to the 338x support area at the beginning of today's trading session.
Basic news: President Trump announced to double tariffs on Indian goods to 50% in response to continued oil imports from Russia. Reports show that Trump may meet with Russian President Vladimir Putin as early as next week.
Technical analysis: Gold prices are currently in an uptrend channel, but the trading range is showing signs of narrowing. The possibility that the price will correct at this 340x area is very high; if the gold price creates a double peak pattern in the H1 frame, the price range of 3375 - 3380 will confirm the pattern and create a strong downward force for the gold price. If gold forms a double top pattern here, this correction could take gold to the 3350 or even 3330 area.
Important price zones today: 3375 - 3380, 3405 - 3410 and 3420 - 3425.
Today's trading trend: SELL.
Recommended orders:
Plan 1: SELL XAUUSD zone 3407 - 3409
SL 3412
TP 3404 - 3394 - 3374 - 3354.
Plan 2: SELL XAUUSD zone 3423 - 3425
SL 3428
TP 3420 - 3410 - 3390 - 3370.
Plan 3: BUY XAUUSD zone 3375 - 3377
SL 3372
TP 3380 - 3390 - 3400.
Wish you a safe, successful and profitable trading weekend.🌟🌟🌟🌟🌟