GBP/USD – Correction in Progress - Where to buy?A few days ago, I pointed out that GBP/USD broke above key resistance from above 1.34, and even cleared the psychological barrier at 1.35.
That breakout opened the door for a potential move toward 1.4000, and I suggested that traders should look for buying opportunities on pullbacks.
Well — we’re in that pullback now.
So, where do we buy?
📍 The most obvious area is the old resistance around 1.3430. But here’s the catch:
GBP/USD is notorious for fakeouts and spikes.
If price tests that level, it could easily dip under 1.34, take out stops, and only then reverse to the upside.
🛡️ Bottom line: If you’re buying the dip, set your stop-loss wisely
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Chart Patterns
EURUSD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.1282
Bias - Bullish
Technical Indicators: Pivot Points Lowanticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1325
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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
XAUUSD Idea: Structure, Fibonacci Setup & S&P 500 Correlation📉 XAUUSD Trade Outlook 🧠🔍
Currently analyzing Gold (XAUUSD), and things are getting interesting. On the daily timeframe, we’ve seen a clear bearish break of market structure, and this shift is also evident on the 4-hour chart. 🕰️📉
I’m watching closely for a bullish retracement into my key Fibonacci 61.8% level, where I’ll be looking for confirmation of a bearish structural break to initiate a short position. 🎯🔽
When we compare this setup to the US500 (S&P 500), it becomes even more compelling. The indices have rallied hard and appear overextended — a correction seems likely. 📊🧾
If we do get that pullback in the indices, gold may rally temporarily, but my overall bias remains bearish. If the indices resume their uptrend after a pullback, I expect gold to weaken further, aligning with my current short-side outlook. ⚠️📉
🛑 This is not financial advice. Always do your own analysis and manage risk according to your trading plan.
💬 What are your thoughts on gold right now? Are you leaning bullish or bearish? Let me know in the comments! 👇
RPOWER - Cup Pattern BreakoutRELIANCE POWER LTD
Breakout from CUP pattern and now consolidating in a flag pattern.
High trade and delivery quantity this month.
Within 52 week range.
Stock outperforming benchmark Index.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
GOLD: Z Wave in Progress - WXWXZ PatternGOLD: Z Wave in Progress - WXWXZ Pattern
GOLD: Z Wave in Progress Gold is currently developing the final leg of a complex WXYXZ pattern, with the Z wave taking shape.
Gold tends to rise unpredictably—even on days without major news or strong market volume, making this a hazardous trade.
FOMC Minutes Today.
The Federal Reserve’s minutes from the May 6-7 meeting will be released today. Policymakers showed no signs of adjusting interest rates soon, and today’s report may highlight how firmly they are sticking to their current "wait-and-see" approach.
You may watch the analysis for further details!
Thank you!
Hellena | EUR/USD (4H): LONG to the resistance area 1.15691.Colleagues, I believe that wave “5” of higher order has actively started an upward movement.
At the moment I see movement in wave “1” of medium order and it means that a correction in wave “2” to the area of 50% Fibonacci level (1.12434) is expected. But I would still advise to consider only upward movement and use pending limit orders.
I see the maximum of wave “3” - resistance area 1.15691 as the target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
LONG BTCBTCUSDT LONG TRADE PLAN – STEP-UP STRATEGY
1. MARKET CONTEXT
- Timeframe for analysis: H1
- Entry execution: M15/M5
- Structure: Bullish shift – forming Higher Low (HL) at demand zone
- Volume Profile: High volume node at 106,000–107,000 → accumulation
- Liquidity: Prior low at 105.400 swept → possible MM trap zone
2. TRADE PARAMETERS
- Entry (Buy): 105.850 – 105.950
- Stop Loss: 105.300
- Take Profit: 110.300 – 110.500
- Risk:Reward: ~1:4.5 (Excellent)
3. TRADE ENTRY CHECKLIST (Must meet at least 3/4):
OB: Price returns to Order Block at 105.8 – 106.0
MS: Break of recent lower high on M5 or M15
Key Level: Strong historical support area
Volume Spike: High volume at or below 105.400
4. TRADE MANAGEMENT
- At 107.500: consider partial TP + move SL to BE
- If price consolidates near entry too long → skip trade
- Don’t chase if price already leaves entry zone → no FOMO
5. PRICE ACTION CONFIRMATION (Optional for Entry)
- Bullish engulfing candle
- Double bottom + neckline break
- Rejection wick (Pin bar) on M5/M15
FINAL NOTES
- Follow Market Maker logic
- Focus on liquidity + structure + confirmation
- No plan = No edge. Stick to rules.
SOL/USDT - Bullish setup signal (Multi-Timeframe-Confluence)Bullish bias for SOL based on falling wedge breakout potential supported by favorable multi-timeframe EMA alignment
Falling Wedge pattern detected on the weekly chart
✅ EMA (20) Levels
Daily EMA(20): 170.17
Weekly EMA(20): 162.80
Monthly EMA(20): 144.53
✅ RSI crossing/holding above 50 on daily
🎯 Trade Plan Idea:
Entry: Around 170.17
Stop-loss: Below wedge low or under 162.80 (Weekly EMA)
Target Zones:
179-180 — first key resistance
190.00–200.00 — wedge measured move target
Not financial advice.
Bearish reversal off pullback resistance?The Gold (XAU/USD) is rising towards the pivot, which acts as a pullback resistance and could reverse to the 1st support, which has been identified as a pullback support.
Pivot: 3,284.50
1st Support: 3,205.30
1st Resistance: 3,232.71
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
#MARKET DUMPED! What's Next?Honestly, I didn’t expect this move to play out the way it did.
I’ve been warning about a potential breakout on the lower timeframes, and in hindsight, the signs were all there, but I still missed it. It happens, even to the best of us.
Took a few hits with stop-losses today. But no complaints, it’s a small dent compared to what we’ve gained over the past few weeks.
Now, shifting focus. I’m watching this chart closely — this is the 130 EMA on the 4H, which has historically done a great job identifying short-term rejections and bounces. It’s already plotted, and I’ll continue tracking it.
If we break above this level, there’s a strong chance
CRYPTOCAP:BTC can revisit the 98k zone. Until then, stay cautious and avoid High leverage.
Holding LSE:TAO $EIGEN and a few more.
No need to force trades, let the setup come to you.
One more thing, I am still not Bearish, it's a shakeout right before the real move! So be alert when opportunities come to you.
I was planning to take a break today, but not like this tbh.
Stay tuned
We adapt and move forward. Always!
Cheers
Do show your support and hit that like button.
Thank you
#PEACE
SHOULD WE WORRY ABOUT BTC? NEXT MOVE BTC Rejected From 4H FVG Around 110001-110613. Also, we should not forget made double top. And then headed to 106800 area. And MOST IMPORTANT BREAK BELLOW the TREND LINE. Now try to retest the TRENDLIND. If successfully retest and reject, then that will be an opportunity to open short. NOTE: WE SHOULD WAIT FOR THE RETEST CONFERMATOIN.
Strategy Set To Drop —Selling Bitcoin?If you knew a stock was going to crash but this stock is related to Bitcoin and always moves with Bitcoin but now is about to detach, would you tell others?
Bitcoin is already trading at a new All-Time High and six weeks green. Ok, let's forget about Bitcoin because this is about MicroStrategy (now Strategy).
The MSTR stock is bearish now. Very bearish.
The top happened in November 2024.
9-May 2025 we have a long-term lower high. Days at resistance and this lower high is confirmed.
A scandal is about to be uncovered?
A change of "strategy"? Hah, nice play on words.
Is strategy going to have a change of strategy?
This change of strategy obviously will end up screwing everybody who holds this stock?
I don't know... I mean, who knows.
Here is what I know. The chart signals are pointing down. Bearish confirmed so, down we go.
Namaste.
XRP Approaching Key Support – Critical Level to HoldXRP is nearing a significant support zone, marked by the monthly level at $2.09. This level has considerable structural importance and has acted as a pivotal point in the past. Holding this area is essential for maintaining the broader bullish market structure, which remains intact despite the recent correction
From a technical standpoint, the current move appears to be a corrective phase rather than a structural breakdown. A bullish retest of the $2.09 level is expected to attract demand, potentially serving as a launching point for a renewed upward move. Adding to the strength of this zone is the presence of the value area low, which provides further confluence and supports the argument for a strong demand zone.
Should XRP successfully defend this level, attention will shift to the next major resistance at $2.40, which represents a key weekly support/resistance (SR) flip. This level has served as an inflection point in the past and now stands as the most immediate hurdle for bulls. A clean break and close above $2.40 would confirm the continuation of the bullish trend and likely bring the all-time high back into play as the next major upside target.
In summary, XRP’s technical outlook remains bullish as long as it holds above the $2.09 monthly support. The confluence with the value area low enhances the probability of a bounce from this zone. A successful defense here and a push through the $2.40 weekly SR could trigger a renewed rally, targeting higher levels. This area marks a buy-the-dip opportunity for traders aligning with the macro trend, provided support holds firmly.
Tracking a pattern that could signal the Top is In I am tracking a micro pattern with the new local high made in the ES last night and today's price action as a micro 5-down....we should get a slight retrace into the 5960 ish area. Maybe tomorrow...maybe in the overnight session tonight.
If price can then breach todays micro low of 5884 in the ES futures...we need to then follow through with a breach of 5857 to give us our first indication, we may have struck a top.
From there I am following 2 counts...Purple, or my primary count which is a minor C of Intermediate (A).
Best to all,
Chris
GOLD(XAUUSD): Very Bearish Pattern📉GOLD formed a notable head and shoulders pattern at a significant daily/intraday horizontal resistance.
A bearish breakout from its horizontal neckline indicates strong selling pressure.
It is likely that the price will continue to decline, potentially reaching the 3219 level.
GOLD - Price can exit from triangle and continue to fall nextHi guys, this is my overview for GOLD, feel free to check it and write your feedback in comments👊
Some days ago price traded inside a triangle, where it made a strong upward impulse from support line to resistance line.
Price broke $3185 and $3345 levels, after which it started to decline from resistance line, making gaps.
In a short time, Gold broke $3345 level again and fell to support line triangle, after which it exited from this pattern.
Next, price started to trade inside another triangle, which it broke the $3345 level two times and then dropped to the support area.
Later, Gold turned around and, in a short time, rose to the resistance area, but recently made a correction.
In my mind, Gold can exit from this triangle pattern and then continue to fall to $3220
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
US100 Not yet ready for ATH - Structural BreakdownHere’s a detailed breakdown of the US Tech 100 - NASDAQ on the daily chart and why a lift off to ATHs may not be in play just yet.
✅ Key imbalance zones mapped out
🔻 Expecting downside clean-up before upside continuation
📊 FVGs & inefficiencies stacked below = high-probability revisit zones
If you’re trading NASDAQ, this map could be your cheat sheet before price makes its real move.
The market is respecting the ascending channel, but I’m expecting a cleanup of inefficiencies stacked below before any major continuation. Keep an eye on the key zones marked — price may revisit these areas for liquidity.
📉 Possible short-term correction
📈 Bias still bullish, but not without some pain first
Happy Trading !
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.3895
1st Support: 1.3792
1st Resistance: 1.3943
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.