Shakeout On The WayUnlike the SPX, the DJI didn't make a higher-high. Why is this? I think partially because it's price weighted as opposed to market cap weighted like the Nasdaq or SPX. The other part would be CPI numbers.
So what's next for the DJI? I see hidden bullish divs long term and hidden bearish divs short term, this a common shake out tactic I see to liquidate longs and shorts. I'll be looking to load up on the trade at the bottom of the channel and play the range as it develops.
As always: stay calm, don't panic, and don't forget you can always use a stop loss
The fear and green index is at 74, when people are greedy be fearful.
Chart Patterns
Gold Price Target: 3380-3400+, Set a Trailing StopGold Price Target: 3380-3400+, Set a Trailing Stop
As shown in Figure 4h:
Gold finally rallied this weekend.
Despite recent heavy losses for long positions, the past two days have been encouraging.
We ultimately managed to successfully buy the dip in the 3280-3300 range and recover all our losses.
Gold prices continue to rise, and everyone is asking if it's time to sell.
Now is the critical time to exit.
We must acknowledge one fact:
Gold currently presents a huge opportunity.
Of course, the risks are also increasing.
At times like these, I always emphasize that the best approach is to set a 10-point trailing stop.
Even if gold prices soar, we can move with them.
This non-farm payroll data was a huge disappointment.
It was a truly positive surprise for gold.
The market expected 110,000 new jobs, but the result was a disappointing 73,000, a decrease of half from the previous month.
The market went into a tizzy after the outperformance. But even more shocking news is yet to come: Non-farm payrolls for May and June were revised downward by a combined 258,000.
This means the June gain was revised downward from 140,000 to 14,000.
The May gain was abruptly revised downward from 140,000 to 19,000.
The strong data of the past two months was completely false.
Market followers have become the "clowns" of the Fed and Trump.
Now you understand why everyone praised Powell's hawkish speech two days ago.
Because Powell said: "Only if there is a severe decline in employment will we consider cutting interest rates."
Just this Wednesday, some good non-farm payroll data was released.
This undoubtedly gave the market a false impression.
Everyone believed that a rate cut was impossible, and the probability of a September cut had dropped to 40%.
However, today's poor non-farm payroll data, combined with revisions to May and June data, revealed the truth.
The job market has been dismal over the past quarter.
The market reacted quickly, and gold prices soared on this sentiment.
My advice is to buy gold at a low price and hold on.
For investors who have successfully bought in the 3280-3300 level in recent days, I recommend setting a 10-15 pip trailing stop-loss.
Gold prices are likely to continue their upward trend next Monday.
Our next target is above 3380-3400 points.
CHFJPY On The Rise! BUY!
My dear friends,
My technical analysis for CHFJPY is below:
The market is trading on 183.63 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 184.54
Recommended Stop Loss - 183.16
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
2 Scenarios for BTCNow that the cup and handle formation has been reached and the correction finished, I think we have 1 more leg up.
It's also possible that we fall from here, but I think another fakeout upwards is likely as bearish divergence forms on the month, but isn't quite there yet (RSI needs 1 more higher high to confirm bearish divergence)
Either way, my short targets are the 0.618 fibs. I am expecting the typical -70-75% crash by 2027 before the next cycle begins
DAX: Next Move Is Up! Long!
My dear friends,
Today we will analyse DAX together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding above a key level of 23,502.95 So a bullish continuation seems plausible, targeting the next high. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
TRADE IDEA – EUR/USD SHORT (T2 TRAP REVERSAL)🔻 TRADE IDEA – EUR/USD SHORT (T2 TRAP REVERSAL)
📍 ENTRY ZONE: 1.1560 – 1.1580
🎯 TARGETS:
• TP1 = 1.150
• TP2 = 1.140
• TP3 = 1.130
• TP4 = 1.120
🛡️ STOP LOSS: 1.1600 (above Tier 2 trap extension)
📐 STRUCTURE SNAPSHOT:
• T1 (Macro): 🔻 Down
• T2 (Structure): 🔻 Trap Zone Active (161.8%)
• T3 (Execution): ⚠️ Rejection confirmed via M1 spike + engulf
• T4 (Micro): 🧨 Trap spike → lower high forming
📊 EXECUTION LOGIC:
• M1 rejection at 1.1580 confirmed
• Bearish engulf candle formed post-spike
• Multiple shorts laddered (1.1565 / 1.1580)
• SL held above extension zone
• Price now below both entries
🚦 TRADE STATE: ⚔️ ARMED
• Add-on only valid under 1.1560
• SL trail after 1.1550 break
• No long bias unless 1.1610 breaks with body close
#Renko #FractalCodex #EURUSD #ShortSetup #TrapReversal #Fibonacci #PriceAction
Bitcoin selling plan!"Hello, focusing on BTC on the 4-hour chart, the price is currently in a bullish momentum on higher time frames. However, it is showing signals indicating a potential completion of its pullback to the $110,000 zone. In my opinion, the $122,000 zone could be a good area to consider a sell position, with confirmation on the 15-minute chart. I plan to wait for this zone and then decide on initiating a sell position.
XAUUSD Update 03 Augt 2025 BOUNCINGAs we knew on last weekend, price has bounced from 3267 level. It wont touch 3245-50 as a support.
From this reaction, we will follow on this week, is the price will break 3378 resistance ?
Is the price will retest 3400 level again and again ?
And if it so, it seemlikes a bullish momentum.
Just becarefull, waiting for the price make a correction first.
Have a blessing week ahead !
Focus sell on AJHappy weekend guys. On last week AJ has formed a huge engulfing candle bear. Looking closer at small time frame, price has formed a double top and it had actually broker the neckline to end the week. I am going to find any possible short setups, targeting 1:1 on this formation. It does seem start to continue the downtrend at long term though...
UDSJPY DRIVEN BY A BULLISH TRENDThe USDJPY pair is currently trading within a well-defined upward channel, showcasing a bullish trend that has been unfolding over recent periods. This upward trajectory is supported by a series of higher lows, with the most recent formation occurring near the 147.40 support level.
The pair's ability to hold above this level and potentially bounce off the trend-line suggests a strong foundation for further upside movement. A key level to watch in this context is 147.80, which, if breached to the upside, would likely provide further confirmation of the bullish momentum. Such a break would not only reinforce the existing upward trend but also potentially accelerate the pace of the advance.
In conclusion, the USDJPY pair's current technical setup appears conducive to further upside movement, driven by the bullish trend within the upward channel and supported by the recent higher low formation. A break above 147.80 would be a key catalyst for accelerating the bullish momentum, potentially paving the way for a move towards higher resistance levels.
XAUUSD-3336.40 — a key level bulls want to defend.Why Gold Pulled Back
- Gold pulled back today after hitting $3439.04, just below resistance at $3451.53. Traders took profits ahead of key Fed and trade headlines. Right now, it’s trading around $3414.48, down 0.50%.
- The dip came after the U.S.-Japan trade deal eased geopolitical tension, cutting safe-haven demand. Plus, U.S. bond yields are climbing (10-year at 4.384%), which adds pressure on gold.
Support is building at $3374.42, with stronger buying interest expected around $3347.97 and the 50-day moving average at $3336.40 — a key level bulls want to defend.
Short-term looks a bit weak, but as long as gold holds above the 50-day MA, the bullish trend remains intact. Longer-term, weakness in the dollar, central bank gold buying, and concerns about Fed independence could push prices higher.
Watching the Fed’s July 29–30 meeting next
XAUUSD-Bearish reversal?XAU/USD is rising towards the resistance level, which serves as a pullback resistance and could drop from this level to our take-profit target.
Entry: 3,319.22
Why we like it:
There is a pullback resistance.
Stop loss: 3,354.19
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Take profit: 3,271.39
Why we like it:
There is a swing low support that lines up with the 127.2% Fibonacci extension.