JPY Futures - Can We Take Out The 3rd ExoFade PeakTo clear any confusing for those that dont know, 6J Futures aka JPY/USD, is the inverse of your regular USD/JPY. Got it?
It's currently in a strong uptrend, since the dollar is in a free fall.
We've been taking out the ExoFade peaks and the trend looks juicy. Taking the 3rd pullback bounce of a uptrend is not my favorite thing to do cos each time you get a bounce, the probably of the next of failing goes up significantly cos sellers need to feed their families too lol.
The first bounce in a new uptrend has a higher success rate and with much lower risk required.
The ExoFade peaks are great for setting price targets and prediction, and we can see the last 2 peaks we're successfully taken out. If the trends momentum stays intact, i expect us to take out the 3rd one as predicted.
London session is in a couple of hours, which will inject more volatility and we have unemployment news in the morning, which can disrupt the trend.
We'll see how it goes.
Trendtrading
XAU/USD Intraday Plan | Support & Resistance to WatchGold is recovering from yesterday’s sharp pullback and is currently trending just above the $3,861 level. A sustained break above this area could see price push toward the $3,883 resistance, with a possible extension to $3,903.
Failure to hold above $3,883 could trigger another pullback into lower support zones.
📌 Key levels to watch:
Resistance:
$3,883
$3,903
$3,920
Support:
$3,861
$3,842
$3,828
$3,796
$3,753
$3,734
🔎 Fundamental Focus – Wed, Oct 1
Key US data on deck today:
🚩ADP Non-Farm Employment
🚩ISM Manufacturing PMI
🔶ISM Manufacturing Prices
👉 Expect high volatility and swings.
USOIL: Waiting for resistance rejection & buying at support zonePlease refer to my previous higher-timeframe analyses to better follow my current outlook on USOIL.
* 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.
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US30: Rejects Resistance – Bearish Move in Progress
The SPREADEX:DJI index is currently forming a bearish short-term structure, especially after price entered the Resistance Zone 1 (46,279 – 46,445) — a key area where sellers have clearly stepped in with strong rejection.
🚨 CLEAR REVERSAL SIGNALS
At Resistance 1, we saw multiple rejection candles with strong bearish bodies.
Additionally, the MA Plot has turned downward, signaling a possible shift in trend.
Price also touched the 4-level structure zone of support/resistance, adding confluence to the area.
Immediately after, the market reversed and dropped sharply with strong bearish candles, confirming the presence of selling pressure and strengthening the short bias.
📉 PREFERRED SCENARIO – SHORT WITH THE TREND
With the current momentum, the preferred scenario is:
🔻 Price is likely to continue dropping toward the Support Zone: 45,459 – 45,798
This zone serves as a logical short-term target for any short positions taken at Resistance 1. Once price reaches this area, traders can consider partial or full take-profits, depending on market reaction.
🧠 TRADE IDEA
Action: 🔻 Short
Entry Zone: 46,279 – 46,445
Stop Loss: Above 46,550
Take Profit: 45,800 – 45,500
✅ CONCLUSION
US30 is under visible selling pressure after rejecting Resistance 1 and reacting strongly at multiple confluence levels. The technical setup favors a trend-following short strategy, with proper risk management and patience around key levels to confirm next moves.
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Daily Gold Trading Plan – London & New York Sessions🏆 Market Overview
Gold continues to sustain its upward channel, with active buying emerging whenever prices adjust back to the trendline. The daily fluctuation range is identified around 3,795 – 3,820, suitable for short-term trading strategies based on price action.
🔑 Key Technical Levels
Resistance: 3,819 – 3,826 → upper channel, potential short-term sell zone.
Near Support: 3,790 – 3,793 → rising trendline, favorable buy zone in line with the trend.
Deep Support: 3,760 – 3,752 (EMA200) → critical defense if near support breaks.
⚖️ Daily Trading Scenarios
Scenario A – Buy on Dip (Primary Focus)
Entry Point: 3,790 – 3,793
Stop Loss: below liquidity candle (around 3,785)
Take Profit: 3,820 → 3,835 → extend to 3,840+
👉 Reason: Uptrend dominance, strong buying at trendline, suitable for trend-following.
Scenario B – Sell at Upper Edge (Short-term Scalp)
Entry Point: 3,820 – 3,826 (when price reacts at resistance)
Stop Loss: around 6 points (approximately 3,832)
Take Profit: 3,795 – 3,793 (back to support zone)
👉 Reason: RSI has entered overbought territory, favorable for quick sell orders at the upper band.
📊 Daily Fluctuation Range
Main Range: 3,795 – 3,820
If resistance breaks: 3,826+ → 3,840 – 3,845
If support fails: 3,790 → 3,760
💡 Session Notes
London: High likelihood of price retesting the 3,790 support zone before recovery.
New York: Strong volatility may occur when US data is released, with 3,820 being a crucial test point.
🧭 Risk Management
Prioritize buying on dips, selling should only be short-term scalps.
Maintain stop-loss discipline below 3,785 for buy scenarios.
If price breaks below 3,750, cease buying and await new structure formation.
📌 Conclusion: Throughout the day, gold is likely to continue fluctuating within the upward channel. The main strategy is to buy at support – take profit at resistance, while sell orders should only be executed when the price hits the upper edge and requires a quick exit.
XAU/USD Intraday Plan | Support & Resistance to WatchGold is extending its rally, now trading around $3,813 after breaking out of the $3,796 resistance. Momentum accelerated once price cleared $3,776, with strong follow-through toward the next upside targets.
Current resistance sits at $3,828, while support is established at $3,776.
A clean break above $3,828 would keep momentum intact, opening the path to $3,846. Failure to clear $3,828 may trigger a retracement into $3,796 or deeper toward $3,776.
The $3,753 -$3,734/ First Reaction Zone remains a major pullback area if sellers regain control.
📌 Key levels to watch:
Resistance:
$3,828
$3,846
Support:
$3,812
$3,796
$3,776
$3,753
$3,734
🔎 Fundamental Focus – Week of Sep 29–Oct 4
It’s a heavy week for USD with key risk events:
🚩JOLTS Job Openings, Consumer Confidence
🚩ADP Employment, ISM Manufacturing, OPEC Meetings
🚩Jobless Claims
🚩NFP, Unemployment Rate, Average Hourly Earnings, ISM Services PMI
👉 This is jobs week — labour market data will dominate. Expect high volatility, especially into Friday’s NFP release.
Price is currently ranging within the narrow 3,740 – 3,755 suppo1. Current Price Structure
Gold has formed a strong bullish wave (rallying from the 3,680 zone to nearly 3,790).
Afterwards, a sharp decline occurred → creating a new high but quickly rejected.
At present, the price is consolidating sideways within a narrow support–resistance zone around 3,740 – 3,755.
2. Key Support – Resistance Levels
Near-term resistance: 3,755 – 3,760 (recent minor high).
Near-term support: 3,735 – 3,740 (area repeatedly tested).
Stronger support: 3,695 – 3,705 (potential retracement target with liquidity and previous accumulation zone).
3. Price Scenarios
Scenario 1 (primary): Price breaks below the current support → drops to retest the 3,695 – 3,705 zone → then bounces back up. This is a potential “demand zone” where buyers may return.
Scenario 2 (less likely): Price holds the 3,740 support and rallies immediately → however, current buying pressure seems insufficient to sustain this move.
4. Trading Implications
The 3,695 – 3,705 zone is a potential buy area if bullish reversal candlestick patterns appear.
If price clearly breaks below 3,695, the short-term trend could turn bearish with a target toward 3,660.
In the short term, the market is still in a corrective phase after the previous bullish rally → not ideal to “chase buys” around 3,740.
👉 In summary: The chart suggests the price is more likely to dip toward the 3,700 demand zone before bouncing back up. The 3,740 zone is only a temporary buffer, not strong enough for a major reversal.
XAU/USD Intraday Plan | Support & Resistance to WatchGold is following the analysis — after failing to break the $3,782 resistance yesterday, price dropped into the First Reaction Support Zone. Currently trading around $3,741, the rejection has pushed price below the 50MA, keeping near-term pressure on the downside.
A clean reclaim and hold above $3,753 could shift momentum back to test $3,768–$3,782.
Failure to hold above the First Reaction Zone risks a deeper pullback into $3,712–$3,690, in line with the 200MA, which may act as dynamic support. If this breaks, sellers may target the Deeper Support Zone $3,665–$3,642.
📌 Key Levels to Watch
Resistance:
$3,753
$3,768
$3,782
Support:
$3,728
$3,712
$3,690
$3,665
🔎 Fundamental Focus – Thu, Sep 25
Heavy data day for USD with several high-impact releases:
🔴Final GDP q/q
🔴Unemployment Claims
🔶Core & Durable Goods Orders
🔶GDP Price Index
🔶 Existing Home Sales
👉 For gold, today’s data cluster is critical — stronger numbers could weigh on price, while weaker outcomes may support upside. Expect elevated volatility.
S&P 500: Pullback after flash dump is a Short opportunity
📝 1. Market Context
BLUEBERRY:SP500 recently witnessed a sharp drop from 6,698 down to 6,645, showing clear bearish momentum. After this fall, the index attempted a recovery, but the bounce was weak: green candles became smaller and stalled right at key resistance zones. A long red bearish engulfing candle then erased the entire recovery, proving sellers are back in control.
🟥 2. Static Resistance (Red Zone on Chart)
On the chart, the red zone represents static resistance, located around 6,671 – 6,664.62. This area aligns with:
• Dynamic resistance (moving averages).
• Static resistance (previous supply zone).
Every time price has tested this area, it faced rejection. This makes the red zone a high-probability level for sellers to step in again if price retests it.
🟩 3. Support Zone (Green Zone on Chart)
The nearest support lies at 6,639, highlighted as the green zone on the chart. This is the first logical downside target, where price might pause or react before choosing the next move.
🎯 4. Bearish Scenario
• Bias: Bearish continuation.
• Entry zone: 6,671 – 6,664.62 (red resistance zone).
• Target: 6,639 (blue support zone).
• Invalidation: If price closes firmly above 6,672, this bearish idea is no longer valid.
✅ 5. Summary
After a sharp decline, the weak bounce into resistance looks like an opportunity for sellers. As long as the index remains below the red resistance zone, the path of least resistance points lower, with 6,639 as the next key support to watch.
📈 Similar to the previous Buy setup, we can see that price is reacting in a similar manner — it touches the static support zone (marked in green) and the moving average (acting as dynamic resistance), before making a strong bounce.
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US100 M30 – Sideway at the Top - Short OpportunityThe CAPITALCOM:US100 index has experienced a strong upward move on the 30-minute chart, pushing price to a new high around the 24,800 – 24,850 zone. However, recently, price has been moving sideways within a narrow range, forming a consolidation phase near this key resistance area. This sideways action signals a potential short-term correction or trend reversal.
📉Technical Analysis:
Current Sideways Zone: Price is consolidating between approximately 24,800 and 24,850, repeatedly testing this resistance but failing to break through decisively.
Key Support Level: The 24,650 – 24,700 zone is acting as critical support, holding price during this consolidation.
Support Break Signal: A close below the 24,650 – 24,700 support range would confirm the start of a downtrend and signal a likely bearish move.
📊 Trading Plan
Sell on Support Break: If price closes below the 24,650 – 24,700 support zone, consider entering a short position targeting the next strong support area near 24,400 – 24,350 .
Sell on Retest of Sideways Zone:
After breaking support, if price pulls back to retest the sideways zone (24,800 – 24,850) and shows bearish rejection signals (e.g., pin bar, bearish engulfing), this provides a good opportunity to enter or add to short positions.
⚠️Risk Management:
Stop-loss: Place above the sideways resistance area, around 24,860 – 24,870 , to avoid false breakouts.
Take profit: Consider partial profit-taking near 24,650 – 24,700 and final targets around 24,400 – 24,350.
Wait for Confirmation: Avoid entering trades without clear support breaks or bearish rejection signals to minimize risk.
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Trend Following: How to Ride Waves Without Getting Washed OutMarkets move in waves. Easy, right? But if you’ve tried catching one only to find out you get washed out, you’ve realized it ain’t’ that easy.
Sometimes there are gentle ripples that lull traders into boredom, other times they’re tsunamis that wipe out everything in sight.
The trick isn’t predicting when the next big set will hit – it’s learning how to catch it without falling off your board from the get-go. That’s where trend following comes in. Simple, structured, and surprisingly effective, it’s a strategy that says: stop guessing, start riding.
🌊 Catching It, Not Fighting It
At its core, trend following is about spotting momentum and sticking with it. If prices are climbing, you’re a buyer. If they’re falling, you’re a seller. No need to argue with the market about “fair value.” The trend follower’s mantra is: Mr. Market is always right, I’m just here to hitch a ride.
Why does this work? Because markets are essentially a bunch of thinking participants who move in herds. They share the same fears, hopes, expectations, and goals.
Traders, funds, and algorithms pile into the same ideas, technical patterns, and price levels, pushing valuations higher or lower. Your job isn’t to outsmart the herd – it’s to ride with it until the stampede loses steam.
Or better yet, spot the opportunity before the herd. "I am the animal at the head of the pack. I either get eaten, or I get the good grass,” says David Tepper, hedge fund manager.
🤫 Why It’s Harder Than It Sounds
“Buy high, sell higher” feels wrong anywhere but in the market. Human brains are usually wired to hunt for bargains, not chase expensive things. But there’s something about a record high that pulls you in and makes you say “Take my money!”
Traders love to bet on success. So when they see that Bitcoin BITSTAMP:BTCUSD is at $117,000 , near a record, it’s easier to throw cash than when it’s crashing and burning at a 60% discount.
True, no trend stays intact after a huge drop. But sometimes it’s better to see confirmation that the trend is exhausted than to exit during a mild dip and risk missing out on the big move.
Trend following isn’t about catching every top or bottom. It’s about accepting that you’ll never time it perfectly, but if you stay disciplined and let the trend play out, you’ll capture at least some of the move.
But in trading everything’s possible – some prefer to catch tops and bottoms, and that’s completely fine as long as it works.
“For twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms,” says Paul Tudor Jones, another big name in the industry.
📈 Tools of the Trade
So how do you know a trend is worth following? Traders lean on a few classics:
• Moving averages : If the 50-day is above the 200-day, that’s your green light. Prices above both? Bullish trend intact. Prices dive below the 200-day? Cue that a bear market is here.
• Support and resistance : Connect the dots (literally) and see if the price is respecting an upward or downward slope.
• Breakouts : When the price pops above resistance or drops below support on big volume, that’s the market saying, “Watch this.”
• Reversals : For those that like to live on the edge, spotting reversals might be a good way to catch a move from start to finish.
The trick isn’t in the tool itself, but in sticking to the plan when the inevitable wiggles and pullbacks happen.
🚤 Don’t Mistake Chop for Trend
Not every chart with bars pointing up is a trend. Sometimes you’re just looking at chop – those sideways, back-and-forth price moves that exist to chew up stop-losses and ruin Fridays.
Trend followers learn to wait for confirmation. That could mean a clean breakout with volume, or a moving average crossover with conviction. Enter too early, and you may find yourself drowning in false signals.
A confirmation is oftentimes triggered by economic news and reports. So pay attention to big and small releases stacked in the Economic Calendar .
🛟 The Stop-Loss Lifeboat
Here’s a little secret of trend following: you’ll be wrong a lot. The method is built around small losses and (occasional) big wins. That’s why stop-losses are essential . You’re not trying to win every trade, you’re trying to catch the few monster trends that more than pay for the slip-ups.
Think of it like surfing: you’ll get wiped out plenty of times, but you only need one clean wave to make the day worthwhile.
📊 The Math Behind the Swings
Why does this work over time? Because of asymmetric returns. If you risk $1 to make $3, you only need to be right 30% of the time to profit. Trend followers build systems where the losers are cut quickly, but the winners are allowed to run. That’s where the proper risk-reward ratio comes in.
Most traders do the opposite. They cut winners too early (“I’ll take my quick profit!”) and let losers drag on (“It’ll bounce, right?”).
🧩 Famous Trend Followers
This isn’t just theory. The Turtle Traders in the 1980s—an experiment by Richard Dennis and William Eckhardt—proved that complete novices could learn a rules-based trend following system and make millions. Fast forward, and big CTAs (Commodity Trading Advisors) still run billions using similar strategies today.
They all share one principle: don’t predict, only follow.
⏳ Patience Pays
The hardest part isn’t identifying trends. It’s sticking with them. Every pullback will tempt you to bail. Every analyst estimate, every scary headline, even your cousin at Thanksgiving telling you “Ether’s going to zero” will test your patience.
But trends don’t end because you got nervous. They end when the move breaks. Patience is what separates the trend followers who catch the big wave from the ones stuck paddling.
🎯 Final Take: Ride It Out
Trend following may not make you look like Paul Tudor Jones calling tops and bottoms. But it will keep you aligned with where the money is flowing. And when you’re on the right side of a trend, the ride is smoother, the wins are bigger, and the stress is lower.
Off to you : When’s the last time you got a nice wave and surfed it out to completion? Share your experience in the comments!
AXP Multi Month Cup and Handle BreakoutAXP has been on a monster bull run and the strength continues with positive technicals all around.
Cup and handle has broken out and is consolidating around the $340 level. While momentum is slowing down we are setting up for a strong push with seasonality + rate cuts as tailwinds
Target is +18-35%
Option contract for Nov 21 up 100% already and I will be upping sizing with a daily close above $340
Price breaks the 3,740 OB → bearish BOS → liquidity target at 3,1. Overall Picture
After a strong bullish rally, price formed a double top → distribution phase signal.
The 3,740 zone is currently acting as a liquidity zone (area holding buy-side stop-losses from bottom pickers).
2. Order Block (OB)
Before the strong bullish move, there was a Bullish Order Block around 3,740 – 3,750.
Now price is retesting this OB → if it breaks, the bearish momentum will likely be confirmed.
3. Break of Structure (BOS) & Change of Character (ChoCh)
At the 3,790 high, the structure showed a ChoCh (shift from bullish → bearish).
If price breaks below the 3,740 zone → it will form a clear bearish BOS, confirming a medium-term downtrend.
4. Liquidity Hunt
The 3,740 support is packed with buy stop-loss orders.
A sharp break below this level could trigger a liquidity hunt, allowing “big players” to accumulate around 3,690 – 3,700 before a potential rebound.
5. SMC Scenarios
Bearish scenario (primary): Price breaks the 3,740 OB → bearish BOS → liquidity target at 3,690.
Bullish scenario (less likely): If price reacts strongly at the 3,740 OB with a bullish engulfing candle → price could retest the supply zone near 3,770 – 3,780 before resuming its decline.
👉 In summary: Under SMC, the downside target at 3,690 – 3,700 is the main scenario, after which we should watch if “big players” push the market back up to continue the broader uptrend.
: likely to panic-sell once support breaks, triggering stop-loss1. Price Structure
Previous trend: strong uptrend (from the 20th to the 23rd).
After reaching the ~3,790 peak: the market formed two lower highs → a sign of weakness.
The price is now retesting the key support zone around 3,740 – 3,750 (blue box).
2. Technical Pattern
This looks like a Double Top / variant of Head & Shoulders, signaling a bearish reversal.
The blue box area is the neckline – if broken, the pattern completes and the downtrend scenario has high probability.
3. Price Scenarios
If the 3,740 support breaks decisively:
Price may drop quickly towards 3,700 – 3,710 (nearest support).
Further down, it could retest the 3,670 – 3,680 area, as shown by your blue arrow.
If the 3,740 support holds:
Price could bounce back, forming a sideways consolidation before the next move.
However, the probability of a strong recovery is lower, as buying momentum has weakened.
4. Market Sentiment
Retail traders: likely to panic-sell once support breaks, triggering stop-loss cascades.
Big players / institutions: may take advantage around 3,700 to accumulate again after “stop-loss hunting” retailers.
👉 Conclusion: This is a short-term bearish scenario.
For existing long positions, consider taking profit / protecting capital if support breaks.
For dip buyers, it’s safer to wait for a positive reaction around 3,700 – 3,680.
BTCUSD: Downtrend remains dominant after EMA rejection(1h chart)Yesterday, the price followed the bearish scenario as it was rejected at the EMA and resistance zone.
Trend: The short-term downtrend remains intact, with the EMA sloping downward.
Nearest support: 111,800 – 112,000. A break below could extend the move toward 110,000 – 109,000.
Nearest resistance: 113,500 – 113,800. A breakout here would invalidate the bearish outlook
.
📌 Outlook for today : Bearish continuation is the primary scenario. Wait for a candle close below support for confirmation. Alternatively, if price breaks strongly above the EMA Ribbon, a short-term corrective rally may develop.
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Gold Regains Direction: Watching Momentum and CluesLooking at the XAUUSD chart, I’m genuinely intrigued by what’s unfolding. Price continues to move steadily within an upward parallel channel, perfectly respecting the market structure, while we are starting to see early signs of renewed buying interest right after a strong rejection at the support zone.
At the moment, I’m focusing on the area around 3,721, near the upper boundary of the channel, as a safe target. If the upward momentum continues with strength and solid volume, this could present a strategic opportunity to enter the market and ride the trend.
Patience is key; I only take action when the price proves its true strength. The market may continue its strong uptrend or create a false move before a deeper correction.
XAUUSD – Gold Trading (M30) – Price Momentum Near Record Highs📊 Market Overview
Gold is holding strong near 3,720 USD/oz, sustaining its bullish momentum after reclaiming record highs earlier this week. Support for gold remains firm on the back of:
The Fed’s dovish policy stance, signaling potential additional rate cuts later this year.
Persistent geopolitical risks maintaining safe-haven demand.
A robust 39% year-to-date gain, showing continued investor confidence in gold.
🔢 Key Technical Levels (M30)
🔴 Resistance / SELL Zone
3,754.073 – Major reaction area; expect sellers to defend this level for a possible pullback.
🟡 Intermediate Support
3,708.967 – First key area for a bullish bounce if price dips.
🟢 Support / BUY Zones
3,686.064 – Trendline confluence, strong candidate for new long entries.
3,671.728 – Secondary support zone if deeper correction occurs.
3,661.413 – Critical demand zone; breaking below may trigger a stronger bearish wave.
📈 Trading Scenarios
1️⃣ Bullish Continuation (Primary Bias)
BUY: Look for price action confirmation at 3,708–3,686 or trendline retests.
Targets: 3,754 (main resistance), partial profits at 3,730–3,740.
Stop Loss: Below 3,671 to manage risk.
2️⃣ Countertrend SELL Setup
SELL: Enter shorts at 3,754–3,755 if strong rejection appears.
Targets: 3,708 → 3,686, move SL to entry once in profit.
3️⃣ Deep Correction Opportunity
BUY: Scale in at 3,661–3,662 if price flushes deeper, aligning with broader uptrend.
Targets: 3,708 → 3,754, leaving some positions open if bullish momentum resumes.
⚠ Risk Management Tips
Expect high volatility due to news flow and the dollar’s movements—adjust position size accordingly.
Confirm entries with candlestick patterns or volume spikes to avoid false signals.
Avoid mid-range trades between 3,708–3,754 without clear setups.
💬 Discussion
📊 Will gold push beyond 3,754 to test new highs, or retrace toward the buy zones first? Share your outlook or charts below to compare strategies!