Jack-Mastermind

Jack-Mastermind

Overview: In this chart, we’re observing a classic price action setup, highlighting a potential bearish continuation after a structure break and failed bullish momentum. Key Observations: Break of Structure (BOS): Price broke below the consolidation zone, signaling a shift in momentum. Consolidation Zone: From April 24–May 1, the price ranged within a...

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Price has been respecting a clear downtrend after a significant 1.73% drop (-275 pips). Following the breakdown, we saw a pullback to retest the trendline, which held as resistance. Now, price is consolidating tightly between 1.56182 support and the 1.56646 resistance zone. A breakout from this range could provide the next direction. Bullish Breakout...

Jack-Mastermind

After a prolonged downtrend within a descending structure, price has shown signs of a market shift. We’ve seen a Break of Structure (BOS) and a Change of Character (CHoCH), suggesting bearish momentum is weakening. Price is now testing a key resistance-turned-support zone around 57.83–60.09 and has started to form higher lows. A trendline breakout is in...

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After a strong breakout above the previous consolidation zone, price met resistance near the $3,383 area. However, the bullish momentum appears to be fading, with the price currently dropping back into the previous range. Key Observations: The breakout failed to sustain above resistance, signaling potential exhaustion. Price has re-entered the prior...

Jack-Mastermind Updated 

Price action has delivered a textbook bullish breakout after forming a strong double bottom around early April, signaling a shift in market sentiment. Following that, the price consolidated in a tight range before decisively breaking out, marking the start of a new bullish structure. Key Technical Highlights Parallel Channel The downtrend was well-respected...

Jack-Mastermind Updated 

After a long period of price compression within a parallel descending channel we have now witnessed a Break of Structure (BOS) to the upside, signaling a potential trend reversal Key Observations Parallel Channel Breakout The price broke out of the descending channel with strong bullish momentum. BOS (Break of Structure): Confirmed at the lower end,...

Jack-Mastermind Updated 

Overview: Price has successfully broken out of a long period of consolidation, pushing above the descending trend line and showing strong bullish momentum. We're now observing a retest of the breakout zone, which is acting as support around 3,378 – 3,365 USD. Key Observations: Consolidation Phase: Price was range-bound for several days, creating a strong...

Jack-Mastermind

ETH has been trading within a clear consolidation range following a sharp downward move in early April. This sideways structure suggests the market is gathering momentum for its next big move. Let's break down the key elements on this chart: Current Structure: ETH has been consolidating between ~0.01836 support and ~0.01989 resistance. Price has shown strong...

Jack-Mastermind

Hello Traders, Here’s a breakdown of a potential bullish setup forming on the JPY chart. Let’s walk through the key technicals: 1. Market Structure: We initially saw a Break of Structure (BOS), followed by a consolidation phase. The market formed an ascending channel, which eventually broke down with strong momentum. A pullback occurred after the drop, but...

Jack-Mastermind

After a strong bullish recovery, USDT recently entered a consolidation phase near the $2.30 region, forming a clear distribution zone. Price has now broken below the lower boundary of the consolidation and the ascending parallel channel, signaling potential bearish continuation. Key Technical Insights: Break of structure at $2.0988 confirms selling...

Jack-Mastermind Updated 

We’re currently watching a well-defined c onsolidation zone after a sustained downtrend on this USDCAD pair. Key Observations: Trend Line Break: Initial strong downtrend followed by a break of the trend line, showing a potential shift in momentum. Consolidation Zone: Price has been ranging between ~1.38616 ( resistance and 1.38122 ( support) for several...

Jack-Mastermind Updated 

Chart Breakdown: The chart illustrates a clear breakout scenario following a prolonged consolidation phase marked in the beige box. After multiple failed attempts to break the descending trendline, the price action finally surged above it, indicating a strong shift in market structure. Key Highlights: Consolidation Zone: Price traded sideways for several...

Jack-Mastermind

The EURAUD is currently respecting a well-defined parallel downtrend channel, with price consistently making lower highs and lower lows. Recently, we saw a consolidation phase that ended with a bearish breakout. Key Levels to Watch: Resistance-turned-support at 1.76582 – now acting as a ceiling. Immediate support at 1.74481. Further downside targets:...

Jack-Mastermind

After a strong bullish run, the market reached a peak and entered a consolidation phase, marked by sideways movement and reduced momentum. This was followed by a break of structure and a clear trend line violation, signaling a shift in momentum from bullish to bearish. Key Observations: Consolidation Zone: Price ranged within a horizontal channel before...

Jack-Mastermind Updated 

GBPJPY Bullish Momentum: Trade Setup & Price Forecast The GBPJPY is showing strong signs of bullish momentum, with technical patterns aligning for a potential breakout. Here's a detailed breakdown of the current market structure, trade plan, and key levels to watch: Technical Outlook The pair is currently in a train line consolidation phase, hinting at an...

Jack-Mastermind Updated 

After weeks of sideways movement price has finally broken above the consolidation range near the 88,293 level signaling a potential shift in market sentiment Key Observations Support Zone The market found strong support around the 78,479 level multiple times forming a solid base Trendline Break A descending trendline was respected until early April when price...

Jack-Mastermind Updated 

Price action has followed a well-defined structure recently, providing several opportunities for analysis and potential setups. We initially saw a pullback after a period of sideways movement, followed by a strong bullish move that led to a new high. This was followed by a consolidation phase, where the market took a breather before continuing upward. After the...

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XAUUSD PRICE FORECAST – BEARISH MOVE INCOMING Gold is showing signs of strong consolidation, and all indicators are pointing toward a bearish breakout. Watch the trendline closely—this could be the golden setup you've been waiting for! Retest Entry 3377 Entry Level: 3344 1st Target: 3290 2nd Target: 3247 Final Target: 3200 Price is consolidating near...