Candlestick Analysis
ExhaustedThe long red candle indicates an overbought market. Despite the good economic results no new highs could be reached and the week showed beginning profit taking. Most of the market participiants are long and convonced of the good results. They are right and many of them are sitting on good profits. The more profit taking will come in here they will be thinking of taking an increasing part of their profit.
f this is true the chart picture will show a double top and a beginning bear market in the shorter time frame.
USD/JPY(20250604)Today's AnalysisMarket news:
Fed Logan: We should focus on achieving the 2% inflation target rather than trying to make up for past inflation shortfalls; Bostic: We still think there may be a rate cut this year.
Technical analysis:
Today's buying and selling boundaries:
143.47
Support and resistance levels:
145.19
144.55
144.13
142.81
142.39
141.75
Trading strategy:
If the price breaks through 144.13, consider buying in, with the first target price of 144.55
If the price breaks through 143.47, consider selling in, with the first target price of 142.81
THE FLEX SETUP (EURGBP)Good day traders, I'm back with another setup and it’s only an update that I believe can really provide insight into what to expect from price in the upcoming weeks.
Like I always say that I always want to see price take out a previous week high/low as I use that as a confirmation in term of the power of 3 that I use to try and avoid manipulation, but this doesn't mean I don't get on the wrong side of price moves. Looking at the HTF's overall structure we can see that we in a very bullish structure but... There's a bearish flow in price!! On the weekly TF price left a large FVG(BISI), showing how strong the bullish structure is and now that price is trading on top of this BISI I'm mentioning. If we go one TF lower to the daily TF than on the daily the weekly BISI is a balanced price range and normally how I look at Gaps after been balanced, I treat them like classic support/resistance, but they have to confluence with another PD array first than for me the rules of 'support/resistance' come into play. If you look close into the daily TF, we have relative equal highs inside the volume imbalance created on the 12th of May.
Let's look at how price delivered since opening with a gap lower on the 12th, on that same day price repriced that gap but did not close above it. Why do we want it to close above it? Well ICT teaches more on volume imbalances and the rules or pros and cons. If price closes above the volume imbalance than it becomes balanced once price retests the closure above/below obviously depending on the gap opening. On the 4HTF we saw price shift structure higher and the first thing I see is the candle that had a broken lower high because it also became our breaker. And a FVG inside it making that zone stronger again we can use all the PD arrays together.
TIAUSDT Monitoring Completion of Bearish 5-Wave FormationTIAUSDT remains in a structured downtrend, nearing completion of a potential 5-wave bearish pattern similar to a previous setup that led to an upside breakout before resuming the decline. A similar scenario is anticipated this time, with plans to go long if price action confirms a strong rejection around Wave 5.
A projected ABC corrective move outlines the near-term bullish targets. The $4.648 level will act as a key pivot; a breakout above it could shift momentum bullishly, opening the path toward $9.144. However, failure at that level may trigger renewed downside toward the $1.30–$1.55 demand zone.
Continue to short goldTechnical aspect:
Although the ADP data release is a big positive for gold, the trend of gold is quite different. It only rebounded to around 3362 and then gradually fell back, which to a certain extent strengthened the effectiveness of the short-term resistance area of 3365-3375. For the time being, technical indicators alone cannot support gold to continue to rebound. After consuming a certain degree of bullish momentum, gold will continue to retreat. And I think 3340 will be broken, and even continue to the 3330-3320 area. So in terms of short-term trading, I still prefer to short gold.
Trading strategy:
Consider shorting gold in the 3360-3370 area, TP: 3345-3335.
Market situation unclear? Check out this analysis📰 Impact of news:
1. ADP data is significantly positive
2. Trump: "Mr. Too Late" Fed Chairman Powell must cut interest rates now
📈 Market analysis:
The ADP data is significantly bullish, but we cannot rule out that this is an illusion created by the market, because although the daily line has formed a golden cross, it has not fully released the bullish momentum, and has not been able to exert force in the bullish upward trend. Therefore, I prefer to go long at a low position in the US market rather than chasing it immediately. At the same time, the upper 3365 may become a short-term strong pressure level. If the gold price encounters resistance here, the US market will usher in a retracement, and then it will be our time to go long.
🏅 Trading strategies:
SELL 3360-3365
TP 3340-3330
BUY 3330-3317
TP 3360-3370-3400
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.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
Types of Engulfing Candles!In trading, an Engulfing candle (or Engulfing pattern) is a two-candle reversal pattern that can indicate a potential change in market direction. It is commonly used in technical analysis in both bullish and bearish contexts.
Types of Engulfing Candles
1. Bullish Engulfing Pattern:
Occurs during a downtrend.
The first candle is bearish (red or black), showing continued selling pressure.
The second candle is bullish (green or white) and completely engulfs the body of the first candle (its open is lower and close is higher).
This pattern signals a potential reversal to the upside.
2. Bearish Engulfing Pattern:
Occurs during an uptrend.
The first candle is bullish.
The second candle is bearish and completely engulfs the first candle's body (its open is higher and close is lower).
This pattern signals a potential reversal to the downside.
Key Characteristics
The second candle’s body must fully engulf the first candle’s body (wicks/tails are not necessary to engulf).
The stronger the engulfing candle (in terms of size and volume), the more significant the signal may be.
Often more reliable when confirmed with volume or used in conjunction with other technical indicators (e.g., RSI, support/resistance levels).
Example:
Bullish Engulfing Example:
Day 1: Bearish candle opens at $100 and closes at $95.
Day 2: Bullish candle opens at $94 and closes at $101 — it completely engulfs Day 1's body.
This would suggest a potential shift from sellers to buyers.
Nifty Analysis EOD – June 4, 2025 – Wednesday🟢 Nifty Analysis EOD – June 4, 2025 – Wednesday 🔴
A Pause with a Purpose: Calm Before the Storm?
Today’s Nifty price action was quiet and composed. The index opened with a mild 33-point gap-up, only to find resistance around the 24,600 mark—tested multiple times through the day. Eventually, it retraced to fill the gap, took support near the 24,500 zone, and spent most of the session within a tight initial balance of just 82 points.
A mid-session breakout attempt gave bulls a fleeting 30-point push, but the rally fizzled at the 24,625–24,640 resistance zone, and the index settled at 24,620.20, wrapping up the day in a 114-point range.
While the range was narrow, the price structure hints at a market in wait mode, possibly anticipating upcoming events or news flow. Patience is the key here.
🛡 5 Min Chart with Levels
📦 Bigger Picture: Still Trapped in the Box
This was the 14th session and 20th trading day stuck in a 653-point box range (24,462–25,116) formed since the 15th May breakout candle.
Nifty is now near the bottom of that range, and the 15th May Master Candle low of 24,494 is becoming crucial.
🔴 A close below that level could potentially unlock lower zones near 24,000 or even 23,800.
No need to pre-empt the move—let the market trigger, then respond.
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Open: 24,560.45
High: 24,644.25
Low: 24,530.45
Close: 24,620.20
Net Change: +77.70 (+0.32%)
Candle Structure
Real Body: 59.75 pts (Green)
Upper Wick: 24.05 pts
Lower Wick: 30.00 pts
Interpretation
A quiet session with modest gains. The candle shows buyers stepping in after yesterday's sell-off, but the recovery lacked strength. The small body and limited wicks signal a day of balance—neither bulls nor bears fully in control.
Candle Type
🟩 Neutral Bullish Candle / Basic Continuation Bar
Indicates pause in selling pressure, but not yet a confirmation of bullish reversal.
Key Insight
A close above 24,645 is needed to validate any recovery attempt.
As long as 24,530–24,500 holds, short-term sentiment stays cautiously optimistic.
Tomorrow’s session will be crucial to set the tone.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 262.59
IB Range: 82.3 → Small IB
Market Structure: Balanced
Trades:
❌ No trade triggered today
📌 Support & Resistance Zones
Resistance Levels
24,625 ~ 24,640
24,660
24,727 ~ 24,737
24,768 ~ 24,800
24,820
24,882
24,894 (Strong Resistance)
Support Levels
24,600
24,530 ~ 24,480
24,460
24,420 ~ 24,400
24,365 ~ 24,330
24,245 ~ 24,240
💭 Final Thoughts:
A day of controlled consolidation in a narrow range. While the broader market may look indecisive, this could be accumulation or energy build-up for the next big directional move. Stay observant—levels are speaking louder than volume right now.
📌 "When markets whisper, smart traders listen. The quiet days often precede the loudest moves."
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NASDAQ INDEX (US100): More Growth Ahead
For some unknown reason, I was asked by a dozen
of my subscribers to provide the update for US100.
Since early May, the index successfully updates the highs on a daily.
Such a tendency will remain at least till a test of a current ATH.
I think that the market is going to grow and reach at least 22100 level soon.
❤️Please, support my work with like, thank you!❤️
Gold trend analysis and layout before ADP data release📰 Impact of news:
1. May ADP data
2. The geopolitical situation worsens
📈 Market analysis:
Today, the gold price in the Asian session hit the 3370 line and then began to fall. Before the release of the ADP data, the gold price is likely to fall into a volatile pattern. The upper short-term resistance is 3370-3380. Pay attention to whether it can break through 3392, which will determine whether the short-term gold price can reach 3400. Pay attention to the support below 3350-3345, and focus on the 3330 line support. Once it falls below 3330, the gold price may reach 3317. If the ADP data is released and stabilizes near 3317, and then quickly closes the long lower shadow. Then you can rely on the 3317 to enter the market and do more. As long as it rebounds to above 3330 again, then the high point near 3390 above will definitely not be maintained. On the contrary, if gold falls below the 3330 and 3317 levels during the US trading session, don't go long easily. Participate in the high-altitude and low-multiple cycle during the European session. If it retreats to 3355-3345, consider going long with a light position and look at 3360-3370. If it touches 3375-3390 and is under pressure, consider shorting. Focus on ADP data!!
🏅 Trading strategies:
BUY 3355-3345
TP 3360-3370
SELL 3375-3390
TP 3350-3340
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
EURUSD: Pullback From Support Confirmed 🇪🇺🇺🇸
Update for our yesterday's setup on EURUSD.
It feels like the pair has successfully completed a retracement,
respecting an intraday horizontal support.
A double bottom formation on that and a formation of a bullish
imbalance candle provide a strong bullish confirmation.
I think the pair may rise at least to 1.144 support soon.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Continue to short gold after the reboundTechnical analysis:
Gold rebounded after hitting 3333 overnight. So far, it has reached 3361. However, it can be clearly seen from the rebound process that the rebound is not strong, so I think the rebound space may not be too high. In the short term, it faces resistance in the 3365-3375 area. The strong resistance above the 3390-3400 area still exists, so it may be difficult for bulls to make a major breakthrough in the short term; and the support area below in the short term is in the 3340-3330 area, and the important support is in the area around 3320;
Trading strategy:
Consider shorting gold in the 3365-3375 area, TP: 3350-3340
Australian Dollar Setups: AUD/USD, EUR/AUD, AUD/NZD, AUD/JPYAn update to the prior Aussie dollar video, where I reassess the setups and decide which ones I prefer.
Matt Simpson, Market Analyst at City Index and Forex.com.
USD/CHF: Squeeze Risk Builds After Bullish ReversalRisk of a countertrend squeeze in USD/CHF is building after it printed a bullish engulfing candle on Tuesday, breaking out of the falling wedge it had been trading in over recent weeks.
While the price signal alone is bullish, to get excited about the prospect of a meaningful squeeze higher, USD/CHF needs to clear minor resistance overhead at .8246. If it can get a foothold above this level, it would generate a setup where longs could be established with a stop beneath for protection. .8333 looms as a potential target—a known resistance level that also has the key 50-day moving average sitting just above it.
Momentum indicators remain bearish but are starting to turn higher, suggesting the bearish flows that pushed USD/CHF to multi-week lows on Monday may be starting to ebb.
Good luck!
DS
Buy gold, TP: 3355-3365Technical aspect:
Gold stopped falling and rebounded after touching 3333. The highest price has only rebounded to 3353. It seems that the bullish potential is weak and the rebound is weak. However, the gold candlestick chart closed with a long lower shadow after touching 3333, proving that there is a certain degree of buying support below; if gold can maintain above 3340-3330 in the short term, gold bulls still have the opportunity to rebound to 3355-3365;
From the perspective of morphological structure, as long as gold remains above 3330, the gold bull structure has not been effectively destroyed, and bulls still have the opportunity to counterattack. It also proves that the buying support below is effective, and the bottoming and rebounding structure is established in the short term, so we can still consider continuing to go long on gold in short-term trading.
Trading strategy:
Consider the 3345-3335 area as support, and try to go long on gold in small batches;TP:3355-3365
NZDCAD SHORTMarket structure bearish on HTFs DH
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Daily rejection at AOi
Previous Structure point Daily
Around Psychological Level 0.82500
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 3.72
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
Long orders have made profits, gold layout in the evening📰 Impact of news:
1. Economist: The Federal Reserve may cut interest rates sharply in December
2. Lee Jae-myung, candidate of the Democratic Party of Korea, was elected president of South Korea
📈 Market analysis:
Currently, the gold price is in a consolidation pattern, showing an overall volatile pattern during the day. The hourly Bollinger Bands are opening downward, and the MACD indicator is running in a dead cross. In the short term, the bears have a certain advantage. However, observing the 4H level, it can be found that the RSI indicator crosses when entering the overbought area, suggesting that the risk of a correction in the short term has increased. For evening operations, it is recommended to wait for the gold price to stabilize before entering the market, focusing on the important support of 3335-3325. If it obtains effective support and stabilizes in this range, the gold price may resume its upward trend. If it falls below 3325, the bullish momentum will be weakened. Therefore, it is recommended to wait for a pullback to 3335-3325 to go long in the US market, and look to 3350-3370 in the short term.
🏅 Trading strategies:
BUY 3335-3325
TP 3350-3370-3400
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.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
The latest trend analysis and operation layout of Europeanmarket📰 Impact of news:
1. Speech by the Federal Reserve during the US trading session
2. Geopolitical and tariff issues
📈 Market analysis:
Recently, the escalation of the Russia-Ukraine conflict and global trade tensions has pushed international gold prices to rise strongly. Although Russia and Ukraine reached a consensus on prisoner exchange in the second round of negotiations on Monday, the ceasefire agreement remained deadlocked. Coupled with the US announcement of additional steel tariffs, geopolitical risks and economic uncertainties stimulated risk aversion sentiment.
From a technical perspective, the upward trend of gold since 3120 is clear. After breaking through 3340 on Monday, it accelerated to test the 61.8% Fibonacci resistance level of 3396, but the pressure at the 3400 integer mark is significant. At the same time, 3330 below is still the current key support level. The current decline in gold prices is more like a technical correction to yesterday's rise. Yesterday, we reminded everyone to pay attention to the 3355 level. The intraday operation suggestion for the European session is 3355-3345. You can try to go long and look at the 3370-3380 line. If it breaks through effectively, it will test the 3396 or even 3400 line; if it fails to break through the upper resistance, it will fall into a range of fluctuations.
🏅 Trading strategies:
BUY 3355-3345
TP 3370-3380-3390
SELL 3370-3380
TP 3350-3340-3330
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
Under pressure in the short term, short gold after rebound!In the short term, gold has risen sharply under the simultaneous stimulation of tariffs and geopolitical conflicts, but it has gradually fallen back after reaching around 3392, and has not broken through the 3400 mark in one fell swoop, indicating that the bullish momentum does not have the potential to continue to rise for the time being, so it may still need a certain degree of technical support, so gold has a need to retrace in the short term;
In addition, if gold continues to retrace, then there may be a structural form at the technical level that offsets the short-term double bottom structure support, so gold may also form a double top structure in the short term. The first thing we need to pay attention to is the resistance near 3370, followed by the resistance near 3390; and below we must first pay attention to the support near 3345, followed by the 3330-3320 support area.
Trading strategy:
1. Consider continuing to short gold in the 3370-3380 area, TP: 3355-3345;
2. If gold first retreats to the 3345-3335 area and does not fall below this area, consider going long on gold; TP: 3360-3370
Safe Haven Demand Places Gold Front and CentreYou could have been mistaken into thinking that the down move in Gold at the back end of last week, which saw it trade to a low of 3271 on Friday and then close the week only slightly higher at 3288, was the type of price action that reflected tired long positioning and may have led to further tests of deeper support levels between 3245 (May 28th low) and 3204 (May 20th low).
However, that has not been the case, with traders rushing back to Gold as an important safe haven asset, as a rise in trade tensions between the US and China and an escalation in geo-political risks after Ukraine carried out long range drone strikes deep into Russia on Sunday, while Russia carried out attacks on Kyiv, threw the outcome of crucial peace talks between the two nations into doubt.
Yesterday, this fresh demand for Gold saw prices surge 2.8% to a high of 3383 and then continue that move up to a high of 3392 this morning in early Asia trading before some profit taking led prices back lower towards 3350 area again.
Looking forward across the rest of today, and the remainder of the week, Gold could remain in focus for several reasons, the first as traders await the outcomes of key data updates on the health of the US economy provided by the ISM Services PMI survey released tomorrow at 1500 BST, then by the Non-farm Payrolls release which comes out on Friday at 1330 BST.
The second reason may well be as traders await fresh news regarding the progress of trade negotiations between the US and China, which includes an update on whether President Trump and Xi will speak directly to each other at some stage this week. Yesterday the White House stated again that a call between the leaders of the world's two biggest economies was likely, however there has been no comment from the Chinese side so far.
The third, could be linked to how Russia and Ukraine move forward this week after peace talks concluded yesterday in Istanbul with very limited progress on a ceasefire or peace deal. Traders may well remain sensitive to news of any fresh attacks, the potential of further peace talks or comments from President Trump on the current stalemate.
Technical Outlook: Back to Potential Resistance?
It has been an impressive rally in the price of Gold since the 3120 May 15th session low, as both geo-political and trade tensions have increased again. This activity might be leading some to ask if this price strength may open a more sustainable phase of price strength, or represent a limited price recovery, before selling pressure materialises again.
Much will clearly depend on future market sentiment and news updates to help us gauge the answer to these potential questions, but does technical analysis offer clues to possible future price trends?
Potential Resistance Levels:
As impressive as latest price strength appears, traders may well now be asking, has this advance broken important resistance levels which could suggest possibilities of a push to higher levels? So far at least, it might be argued that it hasn’t yet.
From a technical perspective, evidence of selling pressure developing at a lower level each time a price recovery is seen, might be an indication that sellers are happy to be active earlier. This may be construed as a potentially negative sentiment, which may in time lead to further price declines.
So far this morning on June 3rd, at the time of writing, the latest recovery high has been 3392, which is lower than the upside extreme posted at 3435, on May 6th.
Traders may be focusing on this 3435 failure high as a resistance level and an important point that may need to be broken to suggest the pattern of lower price highs is ending.
A successful break of these 3435 highs if seen, might then suggest a more extended phase of price strength back towards the 3500 April 22nd all-time Gold high.
Potential Support Levels:
To the downside, price weakness appears to have recently been supported by 3289, which is equal to the 38.2% Fibonacci retracement of May 15th to June 3rd strength, and if the pattern of lower highs and lower price lows is to extend, it might be closing breaks under 3289 that skew risks to the downside.
Such downside breaks while not a guarantee of further price weakness, might lead to further price weakness towards 3225, which is the lower 61.8% Fibonacci retracement, and even on to 3120, which is the May 15th session price low.
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Nifty Analysis EOD – June 3, 2025 – Tuesday🟢 Nifty Analysis EOD – June 3, 2025 – Tuesday 🔴
Opening Sentiment vs. Reality: A Day of Dual Personality
Nifty opened with a 70-point gap-up above the previous day’s high, carrying a positive vibe. In just one minute, it surged another 57 points, marking the day’s high at 24,845. However, that bullish momentum didn’t last. The index faced strong resistance, leading to a sharp 243-point drop within 15 minutes, breaching CPR and the previous swing low to hit the first Current Day Low (CDL) at 24,601.30.
Despite the jolt, Nifty showed resilience—bounced back from the 24,625–24,640 zone, recovered to VWAP, and even retested the PDH. Yet again, it failed to hold above 24,700, echoing the morning's rejection. A second wave of selling took Nifty to a fresh low of 24,502.15 mid-session.
The closing wasn’t any better. Nifty quietly slid again, retested the breakout zone, and closed at 24,542.50, nearly at the intraday low—a day that started with hope ended on a pessimistic note.
Interestingly, India VIX also dropped, despite the downward market move—signalling premium crush and a double whammy for option buyers who got the direction right but profits wrong.
🛡 5 Min Chart with Levels
📊 Daily Summary Highlights
✅ Gap-up Start but sharp reversal
📉 Both PDH and PDL tested intraday
📉 Marubozu Engulfing Candle
⚠️ Closed below Higher Swing Low – a potential trend-shift signal
🕯 Daily Time Frame Chart
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Open: 24,786.30
High: 24,845.10
Low: 24,502.15
Close: 24,542.50
Net Change: −174.10 (−0.70%)
🕯 Candle Structure
Real Body: 243.80 pts (Big red candle)
Upper Wick: 58.80 pts
Lower Wick: 40.35 pts
Interpretation
A classic bearish reversal day. Price opened higher, reached a new high, but was aggressively sold off, closing near the day’s low. This large-bodied red candle with small wicks shows clear control by the bears.
Candle Type
🟥 Bearish Marubozu-like Candle
Strong rejection at highs
Bearish dominance confirmed
Lower close signals momentum continuation to the downside
Key Insight
24,845 now acts as a firm resistance.
Break below 24,500 could accelerate correction.
Bulls need to defend 24,500–24,520 zone decisively to avoid further weakness.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 279.13
IB Range: 243.80 → Medium IB
Market Structure: Balanced
Trades:
🔻 12:50 PM – Short Triggered → 📍 1:1 Target Achieved, but timeout
📌 Support & Resistance Zones
Resistance Levels
24,600
24,625 ~ 24,640
24,660
24,727 ~ 24,737
24,768 ~ 24,800
24,820
24,882
24,894 (Strong Resistance)
Support Levels
24,530 ~ 24,480
24,460
24,420 ~ 24,400
24,365 ~ 24,330
24,245 ~ 24,240
💭 Final Thoughts
The market showcased a classic reversal and punished emotional entries. Despite the gap-up euphoria, technical levels reigned supreme. The break below swing low could signal caution for bulls in the coming sessions.
📌 "Respect the levels, not the emotions. Every bounce is not a bottom; every fall isn’t a crash."
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
What is a Bearish Breakaway and How To Spot One!This Educational Idea consists of:
- What a Bearish Breakaway Candlestick Pattern is
- How its Formed
- Added Confirmations
The example comes to us from EURGBP over the evening hours!
Since I was late to turn it into a Trade Idea, perfect opportunity for a Learning Curve!
Hope you enjoy and find value!
