Technical Analysis
USDCAD Potential DownsidesHey traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37500 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37500 support and resistance area.
Trade safe, Joe.
USDJPY is Nearing an Important ResistanceHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 143.700 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 143.700 support and resistance area.
Trade safe, Joe.
US & Global Market Breakdown | Profits, Losses & Bearish TradesIn this video, I break down the current state of the US and global economy, and why I believe we’re heading into a bearish phase.
📉 Fundamentals:
I cover the key macroeconomic factors influencing the markets — including Trump’s proposed new tariffs, slowing GDP growth, and ongoing supply chain constraints. These all point toward increasing pressure on the global economy.
📊 Technical Analysis:
I go over the major indexes and highlight their recent behavior. We’ve seen reactions from resistance levels, contraction patterns forming, and a significant volume dry-up — followed by today’s spike in volume, which occurred right at resistance. These are potential signs that the market may be shifting toward a bearish trend.
That said, we could still just be witnessing a deeper pullback within a longer-term uptrend. Markets are unpredictable, and no one knows for sure — which is why it’s important to always do your due diligence.
💰 I also review the profits and losses I’ve taken on recent bullish trades, and why I’ve now positioned myself in select short opportunities based on what I’m seeing.
If I’m sharing this, it’s because I’m personally investing my capital based on my conviction — so always use your own judgment and risk management when making decisions.
If you found value in the breakdown, leave a like, comment, and subscribe for more timely updates.
EUR/USD Long📍 Entry (Buy Limit):
1.1085
This is just above the 1.1000 psychological level but below previous minor structure at 1.1100.
Captures a shallow retest without risking being front-run by liquidity sweeps.
🛑 Stop Loss (SL):
1.0910
Below consolidation zone and wicks around 1.10
Provides enough space beneath the major breakout level while staying tight for R:R
🎯 Take Profit Targets:
TP1: 1.1500 (Previous weekly resistance, already tested but not broken)
TP2: 1.2000 (Next clean monthly structure level)
TP3 (macro): 1.2400 (Upper range of long-term channel, highly reactive zone)
⚖️ Risk/Reward:
Risk: ~175 pips
Reward:
• TP1: ~415 pips
• TP2: ~915 pips
• TP3: ~1,315 pips
R:R = 2.4 to 1, 5.2 to 1, 7.5 to 1
GOLD (XAUUSD) Technical Analysis – MMC Strategy Breakdown🧠 Conceptual Foundation:
This analysis is rooted in Market Maker Concepts (MMC), focusing on how smart money manipulates liquidity, traps retail traders, and shifts structure before making big moves. The GOLD market today gave us a high-probability setup that combined several key technical elements: SR interchanges, structure shifts, trendline breaks, and a major arc pattern.
Let’s dissect it step-by-step:
1️⃣ Initial Downtrend & Liquidity Sweep
In the early part of the chart, GOLD was in a clear bearish trend, forming lower highs and lower lows, consistently respecting a descending trendline. This downtrend attracted retail sellers who kept entering shorts, reinforcing the bearish sentiment.
🔻 However, right before the reversal, GOLD made a sharp move down to grab liquidity below previous lows near the $3,361–$3,364 support zone. This is a classic MMC liquidity trap — clearing out stop-losses of early buyers before initiating a reversal.
2️⃣ SR Interchange Zones (Smart Money Play)
Around the levels of $3,361 and $3,364, we noticed strong Support-Resistance Interchange (SR Flip) behavior:
These zones were first used as support during the initial decline.
Once broken, they acted as resistance, and again flipped to support post-breakout.
This flip signals institutional involvement — smart money often builds positions in these zones.
These interchanges also acted as the base of accumulation, preparing for a bullish breakout.
3️⃣ Trendline Breakout – Early Reversal Confirmation
As the price consolidated and coiled around the SR zones, it finally broke the descending trendline — a major reversal signal.
This breakout was accompanied by strong bullish candles, showing a sudden shift in momentum. It's likely that smart money stepped in aggressively, initiating a structure shift.
4️⃣ Arc Pattern Formation – Visual Clue of Accumulation
The most eye-catching part of this chart is the arc pattern — a rounded bottom formation. This type of pattern typically indicates accumulation phase, where institutions quietly enter positions while retail sentiment is confused or bearish.
🟡 The arc acts like a pressure cooker: as price coils and liquidity builds, it eventually explodes in the direction of accumulation — in this case, bullish.
5️⃣ Structure Shift – Confirmation of Bullish Intent
Once price broke above the internal structure (previous lower highs), it confirmed a structure shift from bearish to bullish.
📈 This is one of the most critical elements in MMC:
It tells us that smart money has reversed the flow.
The shift often leads to expansive moves in the new direction (as we saw here).
6️⃣ Next Reversal Area (Key Supply Zone)
Price continued surging upward and reached a predefined Reversal Area around $3,405–$3,410. This zone is likely to contain historical supply and institutional sell orders.
As expected:
Price showed early rejection signs from this level.
A potential short-term pullback or distribution phase may now be underway.
If bulls reclaim this zone, it may lead to further upside toward $3,420–$3,430.
📌 Key Technical Highlights:
Component Observation
Trendline Clean break signals momentum shift
SR Interchange Zones Strong demand re-entry near $3,361–$3,364
Arc Pattern Indicates bottoming and accumulation phase
Structure Shift Broke prior lower highs confirming bullish bias
Reversal Zone $3,405–$3,410 acting as resistance; possible rejection/pullback point
🔮 What to Expect Next?
If price rejects the $3,405–$3,410 zone again and forms a lower high, expect a pullback to $3,375–$3,380.
A break above the reversal zone with strong volume may open the door to new highs, targeting $3,420+.
Use caution around news events or high-impact fundamentals (e.g., USD data releases).
💡 Trading Strategy Ideas:
✅ Long Scenario (Already Played Out):
Entry: Post-trendline break + arc confirmation
TP1: Reversal Zone at $3,405
SL: Below $3,361 SR Flip
🔁 Potential Short Setup:
Entry: On bearish confirmation from $3,405–$3,410
TP1: $3,375
TP2: $3,364
SL: Above $3,412 (reversal zone high)
📢 Final Thoughts:
This chart is a great example of how MMC (Market Maker Concepts), when combined with clean price action tools like trendlines, SR zones, and structure shifts, can offer high-accuracy trades.
Don't chase price. Wait for zones to react. Let the market show its hand before taking action.
ALTseason May Show Up In 2025We found an interesting chart, which is showing us the ratio of TOTAL3(ALTcoins) market cap against Bitcoin with ticker TOTAL3ESBTC. Well, even this chart is showing that ALTcoins may start outperforming BTC soon. It can be finishing final subwave C of (Y) of a correction in blue wave B that can cause a new strong rally into wave C, which can bring the ALTseason similar as in the beginning 2021.
Is This the Optimal Entry After a PDL Sweep and FVG Retest?A clean structural development on CHFJPY (1H TF)
After sweeping the Previous Day’s Low (PDL), price created a bullish Break of Structure (BOS) to the upside , shifting short-term sentiment. This BOS was followed by a precise retest into a Fair Value Gap (FVG), suggesting possible continuation as liquidity shifts from weak hands to strong.
🧠 Educational Notes :
CRT Sweep Logic: Market often sweeps the previous day's high or low before making its true move. In this case, a clean PDL sweep was followed by a strong bullish reaction.
Break of Structure (BOS): Confirmed bullish intent after the sweep, validating a shift in order flow.
FVG Retest: Institutional pricing inefficiency filled — a classic SMC continuation behavior.
Entry Thesis: Based on reaction from FVG + BOS confirmation, with invalidation below the swept low and TP near the previous swing high.
This setup is not financial advice, but a clear visual case study for traders applying SMC + CRT logic.
USDCHF: Bearish Wave Ahead 🇺🇸🇨🇭
Quick update for USDCHF.
Earlier on Monday, I shared a bearish forecast based on a
confirmed violation of a neckline of a head and shoulders pattern on a daily.
We got quite a deep retest of that and bears finally showed their presence.
I remain bearish bias and expect a bearish continuation 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.
GBPUSD: Potential Reversal After Strong RallyThe British Pound has shown strong gains against the US Dollar, approaching a key resistance area. After such an extended move, a correction or reversal would be a logical expectation.
Technical Setup
There is a clear series of bearish divergences on the CCI (14) indicator. Price is forming a narrowing rising wedge, which often signals trend exhaustion.
Trade Plan
Sell limit orders: 1.3690 and 1.3850
Market entry: Only after confirmation — either a trendline break or a moving average crossover
Conclusion
GBPUSD shows signs of weakening at the top. I remain focused on short setups from resistance areas, waiting for confirmation to act.
USD/JPY Triangle Squeeze – Watch for Breakout or BreakdownThe USD/JPY pair is currently trading within a symmetrical triangle pattern, with a descending resistance line (red) and a rising support line (green), clearly defining a consolidation phase. This type of price structure indicates growing indecision in the market, where buyers are stepping in at higher lows, while sellers are capping gains at lower highs. Such formations usually precede a strong breakout or breakdown move, as pressure builds up toward the apex of the triangle.
🔼 Bullish Breakout Scenario
If the price breaks above the descending resistance trendline, it will confirm a bullish breakout from the triangle. This would signal that buyers are regaining control and could trigger an impulsive rally toward the 145.50–146.50 area. The upside potential is supported by the structure of higher lows forming from May 27th onward, suggesting building bullish pressure. A successful breakout above 143.30–143.50, ideally with a retest and bullish candle confirmation, could offer a high-probability long setup with targets extending toward the previous swing highs.
🔽 Bearish Breakdown Scenario
On the flip side, if the price breaks below the rising support line, a bearish continuation could unfold, targeting levels as low as 140.00–139.50. This would indicate that sellers have overcome the ascending demand and could lead to a retest of prior support levels. A breakdown below 142.30 with strong bearish volume would be a key signal to short, especially if the market rejects further attempts to climb back into the triangle zone.
🧠 Strategy Outlook
This is a neutral setup until either side is broken. Traders should wait for confirmation of breakout or breakdown before entering. Once confirmed, a simple breakout trading strategy can be applied:
For longs: buy after breakout and retest above resistance
For shorts: sell after breakdown and retest below support
Stop losses can be placed just below the support for bullish trades and just above the resistance for bearish ones, ensuring clean invalidation levels.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
[INTRADAY] #BANKNIFTY PE & CE Levels(05/06/2025)Bank Nifty is opening slightly gap-up around the 55650–55700 zone, hinting at a cautious positive bias. However, the index remains within a well-defined range, and today’s session could act as a trigger for the next directional move.
If Bank Nifty sustains above 55600, bullish momentum may build toward 55750, 55850, and 55950+. A breakout above 56050 could further accelerate the upside, potentially targeting 56250 and beyond.
However, if the index fails to hold above 55700 and starts reversing, a pullback toward 55600 and 55500 is possible.
A breakdown below 55450 would signal weakness and open up downside levels toward 55250, 55150, and 55050, where stronger support is expected.
#NIFTY Intraday Support and Resistance Levels - 05/06/2025Nifty is opening with a gap-up near the 24750 level, placing it right at the breakout zone. If the index sustains above 24750, a bullish rally may follow with upside targets of 24850, 24900, and 24950+. Sustained momentum above this level can shift market sentiment toward a more positive bias.
However, traders should be cautious of a reversal from the 24750–24700 zone. If the index fails to hold and reverses downward, a short trade setup could be considered with downside targets of 24650, 24600, and 24550.
In case of further weakness below 24450, the trend may extend on the downside with targets at 24350, 24300, and 24250.
This is a critical level to watch. Wait for a decisive breakout above 24750 or a reversal signal before taking directional trades. Use strict stop-loss and manage positions actively, especially in early session volatility.
XAUUSD – Mild Pullback Before Breakout?Gold is currently experiencing a short-term pullback after U.S. jobless claims forecasts came in lower than previous levels. This suggests that the labor market remains resilient, reducing the likelihood of the Fed cutting interest rates soon. As a result, the U.S. dollar finds support, putting mild downward pressure on gold.
However, on the H4 chart, XAUUSD remains within a clearly defined ascending channel. The current dip may simply be a retest of the support zone around 3,356 — the intersection of the channel’s lower boundary and the 34 EMA. If this area holds firm, gold could rebound with the next target at 3,429.