Chart Patterns
EURJPY Is Very Bearish! Sell!
Please, check our technical outlook for EURJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 183.728.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 182.182 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NVDA Held 217.73 - The Trend Line Held.NVDA Held 217.73 - The Trend Line Held.
The pullback held exactly where it needed to. NVDA dropped to the 217.73 trend line, defended it, and bounced back to 219.82, recovering toward 220.21. Monday's read was that holding 217.73 keeps the trend intact - and it did. The uptrend from 189 took its first real rest and found support at the level that matters, with conviction back to top-quartile on the 4H. The leader is intact, though the August 26 earnings sits ahead as the dated risk into any further extension. Neutral.
Resistance: 220.21 - the level being reclaimed
Key resistance: 222.43 - then the 225.58 high
Current price: 219.82
Support: 217.73 - the trend line that held
Key support: 214.58 - first shelf below
Structural floor: 213.43 - deeper support
Two paths from here:
It reclaims 220.21 and pushes the highs. A pullback that holds the trend line and reclaims resistance keeps the leader leading. A break back over 222.43 opens the 225.58 high again. The trend is intact and the rest was shallow.
It fails 220.21 and retests 217.73. A bounce that stalls under reclaimed resistance can bring a second test of the trend line. A loss of 217.73 would deepen the pullback toward 213.43. The trend line has to keep holding.
NVDA held 217.73 and bounced - the trend line did its job and the leader is intact. 220.21 is the reclaim that resumes the trend; 217.73 is the line that defines it. August 26 earnings is the risk event to respect into any new highs.
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Study, not financial advice.
US30 — The Next Big Move Is Loading
🔥Wall Street has made a strong bullish expansion after spending an extended period in a sideways range. Price is now consolidating below the major resistance zone, creating a clear decision point for the next move.
🏆Previously:
📈 Bullish scenario
If price breaks and holds above the current resistance zone, we can expect more upside. A confirmed breakout could trigger another bullish expansion toward higher levels.
📉 Bearish scenario
If the current range fails and price breaks below the nearby support zone, we can expect a deeper pullback. The lower zones could become the next areas of interest if selling pressure increases.
Overall, Wall Street is currently in a consolidation phase after a strong bullish move. The breakout from this range should give us a clearer direction for the next major move. 🚀
FET USDT LONG SIGNAL45. FET/USDT – Trade Setup (LONG)
📈 Position Type: LONG
🕒 Timeframe: 1H
📊 Market: Futures
💰 Entry Zone:
0.1338
🛑 Stop-Loss:
0.13
🎯 Take-Profit Targets:
• TP1: 0.1362
• TP2: 0.14
• TP3: 0.1457
• TP4. 0.1513
Tp5.
⚙️ Leverage:
5*10
▫️ After TP1, move SL to Entry + 0.2%.
▪️ Exit Plan:
• 40% at TP1
• 20% at TP2
• 20% at TP3
20% at TP4
📌 Risk Management:
Risk only 1–2% of your capital per trade.
⚠️ Always check and confirm the setup on your chart before entering the trade.
XRP: Running Out of Chances at Key SupportPrimary Downtrend Remains Firmly Intact
XRP continues to produce a long series of lower highs and lower lows, keeping the primary trend firmly to the downside. There has been little evidence so far that this broader bearish structure is beginning to change.
$1.00 Support Under Pressure
Price is once again testing the previous key swing low around $1.0092, with today's low already reaching $1.0017. After several months of selling pressure, bulls are rapidly running out of room to defend this psychologically important area.
Broken Structure Becomes Resistance
The recently broken $1.06 area has now become the first important resistance above price. Bulls would need to reclaim this zone before there is any meaningful reason to suggest the immediate bearish pressure is easing.
Moving Averages Continue to Weigh on Price
The 100/50-Day EMAs remain bearishly crossed and are both falling sharply, with previous rallies repeatedly struggling around these averages. RSI also remains below 50, while StochRSI continues to hover around oversold territory.
In Summary
XRP remains firmly within its primary downtrend and is now testing the previous key swing low around $1.0092, with the psychological $1.00 level also under pressure. A decisive break and close below this area would confirm another lower low and leave relatively little nearby technical support. Bulls need to reclaim the recently broken $1.06 area to ease the immediate pressure, while $1.1843 remains the more significant structural resistance above.
WLD USDT LONG SIGNAL43. WLD/USDT – Trade Setup (LONG)
📈 Position Type: LONG
🕒 Timeframe: 1H
📊 Market: Futures
💰 Entry Zone:
0.3375
🛑 Stop-Loss:
0.3290
🎯 Take-Profit Targets:
• TP1: 0.3445
• TP2: 0.35
• TP3: 0.3559
• TP4. 0.3615
Tp5.
⚙️ Leverage:
5*10
▫️ After TP1, move SL to Entry + 0.2%.
▪️ Exit Plan:
• 40% at TP1
• 20% at TP2
• 20% at TP3
20% at TP4
📌 Risk Management:
Risk only 1–2% of your capital per trade.
⚠️ Always check and confirm the setup on your chart before entering the trade.
XAGUSD 1H Bullish Reversal From Major Demand Zone | Order Block XAGUSD has once again respected a strong higher-timeframe demand zone that has acted as support multiple times in the past. Price swept liquidity below the equal lows before rejecting aggressively, indicating that sellers may be losing momentum.
The current pullback is approaching a fresh bullish order block, which aligns with the recent market structure shift. As long as this order block holds, buyers could regain control and push price toward the next major resistance zone.
Technical Confluences:
* Strong higher-timeframe demand/support zone.
* Multiple liquidity sweeps below equal lows.
* Bullish order block acting as the entry zone.
* Change of Character (CHoCH) followed by a Break of Structure (BOS).
* Higher probability of continuation if the order block remains respected.
If buyers defend this area, I expect XAGUSD to continue its bullish move and target the upper resistance zone around 61.00–61.20.
Trade idea: Wait for bullish confirmation from the order block before entering. Always manage risk and wait for price confirmation instead of anticipating the move.
GOldGOLD – Bullish Setup
Gold remains in a clear ascending channel, and the overall market structure is still bullish.
Price has respected the lower trendline several times, confirming it as an important dynamic support level.
After the recent bullish move, Gold has pulled back into my Buy Zone around 4352–4358, where the lower channel support and demand area align.
My Trading Plan:
Buy Zone: 4352–4358
Key Resistance: 4380
Target: 4469
I am looking for a bullish reaction from this area. A strong move back above 4380 would support further bullish continuation toward the upper boundary of the channel, with 4469 as my main target.
If price breaks and closes decisively below the Buy Zone and ascending channel support, the bullish setup will be invalidated.
Trade what you see, not what you hope.
This is my personal market analysis and not financial advice.
BRENT CRUDE | (3H) | THE CHART ALCHEMIST (11-AUG-2026)📊 BRENT CRUDE — BUY TRADE SET-UP | (3H) | THE CHART ALCHEMIST
🟢 Buy Zone: $90.966 – $92.487
🎯 Target Prices:
• TP1: $94.616
• TP2: $97.937
• TP3: $101.306
• TP4: $101.396
🛑 Stop Loss: Below $89.781
⚠️ Disclaimer: This is for educational and informational purposes only, not financial advice. Trading involves substantial risk of loss. Always do your own analysis and use proper risk management. Trade at your own risk.
GBPUSD Holds Rising Channel — Waiting for a Breakout to 1.3550?Hi traders,
GBPUSD has been moving fairly neatly within a rising channel on the H1 timeframe since its recent strong breakout. Price has been rejected twice when approaching the upper edge of the channel around the 1.3520–1.3530 zone, and is now pulling back to retest the lower edge of the channel, near the 1.3495–1.3500 zone.
As long as this rising channel structure continues to hold, I'm still leaning toward the scenario of price continuing upward. If the lower channel edge holds firm and a buying reaction appears, that would be the signal to expect a breakout above the upper channel edge, heading toward the 1.3540–1.3550 zone.
Zone to watch: Lower edge of the rising channel around 1.3495–1.3500
Confirmation: Buying reaction at the lower channel edge, price not breaking the channel structure on the H1 timeframe
Target: 1.3540–1.3550 (breakout above the upper channel edge)
Invalidation: H1 close below the lower channel edge (below 1.3490), breaking the bullish structure
This is not investment advice — wishing you successful trading.
XAUUSD Weekly Outlook: Gold Targets 4387 — Breakout or Pullback?Gold finished last week with another bullish move, ending the week around 4341.
On the upside, 4387 is the first resistance to watch. A sustained break above this level would open the way toward 4464, with 4425 acting as minor resistance along the way. A break and hold above 4464 could then open the door toward 4530.
On the downside, 4277 is the first key support and the first area to watch for a buyer reaction. If 4277 gives way, sellers may push price toward the support zone. A break below that zone would shift attention toward the secondary support zone.
Both moving averages remain bullish and could continue to act as dynamic support on pullbacks.
📌Key levels to watch:
Resistance:
4387
4425 (minor resistance)
4464
4530
Support:
4277
4242
4200 (minor support)
4158
4106
4014
👉Let levels guide you, wait for confirmation before entering position.
Gold Hits Week High, Consolidates At OB Before Next Leg UpThe 1H XAUUSD chart shows a powerful bullish run that has now reached a significant milestone. Price rallied impulsively through a series of BOS and CHoCH confirmations, working through the key Fibonacci levels — 0.382 (4,309), 0.5 (4,333), and 0.618 (4,357) — before pushing to a fresh Week High near 4,435.916, precisely tagging the 1.0 Fibonacci extension of the move.
Following this strong push, price has pulled back into a well-defined OB + Rejection zone between roughly 4,320 and 4,340. This area lines up closely with the equal lows (EQL) and the 0.5–0.618 Fibonacci confluence, making it a significant zone for buyers to potentially step back in after the extended rally.
Currently trading at 4,359.880, price is consolidating just above this support zone, digesting the recent gains. This kind of pause after tagging a full Fibonacci extension is a normal Smart Money Concepts pattern, often setting up a retest of key support before the next impulsive leg.
The projected path suggests a stepped continuation pattern — a further test of the OB support zone, followed by a push toward fresh highs beyond 4,460, moving into the broader Primary upside target zone that extends toward 4,480.
From a risk management perspective, the key invalidation level is a decisive break below the OB + Rejection zone (under 4,320). Such a move would suggest the rally has lost momentum and could open the door for a deeper retracement toward the Support Zone near 4,220–4,240.
For now, structure strongly favors continued bullish momentum following this Week High breakout, with traders watching for confirmation at the OB zone before targeting the next leg higher.
Do you think gold will hold this OB zone and push toward fresh highs, or will we see a deeper pullback first?
The Elephant Jungle 8/11/26The Bulls made a run to take out the 1D Order Block, and they succeeded, but just like we were hoping would happen in the “Sunday Look Back” Issue #93, the Bulls ran straight into the 1W Level and the Inside Range VAH.
That is where things went sideways for the Bulls.
They Swing Failed the high and came right back down, taking out the 4H Order Block in the process. Now the Bulls are struggling to find their ground and trying to get back over the Macro POC before the Bears wake back up and take control of the day.
The Bulls got their chance, they took their shot, and now they are fighting to keep the Bears from taking over.
But will the Bulls be able to pull this off and reclaim the Macro POC, or will the Bears wake back up and send them even further down the range toward the Macro VAL?
The Bulls tried.
The Bulls failed.
Now we get to see what they do next.
Heading toward overlap resistance?XAU/USD is rising toward the resistance level, which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 4,386.17
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 4,495.11
Why we like it:
There is a pullback resistance level that aligns with the 100% Fibonacci retracement.
Take profit: 4,257.95
Why we like it:
There is a pullback support level.
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AUDUSD Short
AUDUSD SELL LIMIT ORDER : 0.70866
Stop Loss: 0.71368
Partials/Remove risk: 0.70344
Take profit: 0.69931
Risk-Reward target: 1:1.86
Trade Plan: Short
Bias: BEARISH short term.
Entry reason: Price has tested key POI area.
Fundamentally: The short-term valuation tool also shows temporarily overvalued against the competing index
Stop Loss: Above nearest high.
First target: 0.70344
BNBUSDT 1H — Head & Shoulders | Short-Term Pullback SetupBNBUSDT is showing a potential Head & Shoulders formation on the 1H timeframe, suggesting a short-term corrective move.
The important point is that this setup is short-term bearish only. Our medium-term view remains bullish, so any short position here should be treated as a smaller corrective trade rather than a bet on a full trend reversal.
The structure is clear:
Left Shoulder around the 606–607 area
Head near 612
Right Shoulder developing around the same 606–607 resistance zone
Price has already rejected the Right Shoulder area and moved lower
🟢 Short Scenario
The preferred setup is not to chase the current move lower.
I would rather see a pullback toward the 604 area, followed by bearish Price Action / rejection.
If the pullback provides confirmation, a small short position can be considered with:
BNBUSDT BinanceCoin (1h) (Futures)
⭕️ SL @ 609.0
🔵 TP1 @ 591.0
🔵 TP2 @ 584.0
🔵 TP3 @ 571.0
The first target is important because it can provide an opportunity to reduce risk and protect the position.
🔴 Invalidation
If price breaks and holds above the Right Shoulder / 606–607 area, the Head & Shoulders setup loses its validity.
The 609.0 stop-loss is the defined invalidation level for this short setup.
Important Context
This is a countertrend short-term setup while the broader medium-term bias remains bullish.
That distinction matters.
We are looking for a potential correction, not trying to predict a major bearish reversal.
Therefore, patience is important: Pullback → Confirmation → Entry → Risk Management.
Do not chase the downside if the market does not provide the expected retest.
This view is based on Price Action and Market Structure only. Always use proper risk management and wait for confirmation before entering a trade.
Buyers regain control?US Dollar Index (DXY) is falling toward the pivot and could bounce toward the 1st resistance, which is an overlap reistance.
Pivot: 99.65
1st Support: 99.41
1st Resistance: 100.24
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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USDCAD: Is the breakdown real or just a stop hunt?📊 USDCAD: Is the breakdown real or just a stop hunt?
🔥 What happened?
USDCAD broke below the short-term consolidation support near 1.3928-1.3930 and is now trading around 1.3920.
The pair remains under the descending trendline and below EMA9, EMA20, SMA50 and SMA200 on the 30-minute chart. This keeps the short-term structure bearish unless buyers quickly reclaim the broken zone.
🧠 Macro background
The Canadian dollar is getting some support from oil volatility. WTI remains sensitive to Middle East / Hormuz headlines, and stronger oil usually helps CAD.
For USD, the main focus is the upcoming U.S. CPI release on August 12, 2026. A hotter CPI could support the dollar, while softer inflation may pressure USD further.
Bank of Canada’s next rate decision is scheduled for September 2, 2026, so for now USDCAD is mainly reacting to USD inflation expectations, oil, and short-term technical flow.
📉 Indicators
RSI is around 37, showing weak momentum but not full oversold panic yet.
MACD remains negative, confirming bearish pressure.
Price is below EMA9, EMA20 and SMA50, while the SMA200 is much higher near 1.3976. This means buyers need a reclaim before the chart can shift back to neutral.
USDCAD is breaking below the main bearish pennant after a sharp downside impulse from the 1.4020-1.4030 area.
Inside the pennant, price also formed a smaller falling wedge, which may explain the short-term bounce attempt from 1.3918. But as long as price stays below 1.3928-1.3930, this bounce is only a retest of broken support.
If USDCAD fails below 1.3928-1.3930, the bearish continuation scenario remains active, with downside targets at 1.3918, then 1.3900.
If price reclaims 1.3930, the breakdown may turn into a false break and open a recovery toward 1.3945.
⚠️ Not financial advice.
GBPNZD H4 | Bearish Continuation SetupBased on the H4 chart analysis, we can see that the price has rejected our sel entry level at 2.2946, a pullback resistance.
Our stop loss is set at 2.3086, which is a pullback resistance.
Our take profit is set at 2.2804, which is an overlap support.
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