USDJPY : More Upside Ahead?USDJPY : More Upside Ahead?
USDJPY remains firmly in a bullish trend, largely driven by renewed tariff concerns.
The yen weakened sharply after U.S. President Donald Trump reaffirmed plans to impose 25% tariffs on Japanese goods starting August 1st.
Since that announcement, USDJPY has rallied nearly 200 pips before encountering some profit-taking.
Despite the brief pause, the broader trend remains intact, and the pair appears poised for further gains.
Key upside targets to watch:
146.95
147.80
148.40
You may find more details in the chart!
Thank you and Good Luck!
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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.
Wave Analysis
XRP Special UpdateJust wanted to give y'all a heads up that XRP is within the target box for (5) of ((3)). If you look up my old posts from March and even as far back as January, you will see I have not changed this chart at all. It is doing exactly what the pattern had been telling us it would. I went ahead and sold the rest of my position, so I am now flat XRP. Will it move higher still yet? I believe it will, yes. However, it could turn around very soon so I found it better to collect my profits while I had the opportunity. A wise man once said, "profit is a thief, take it while you can." Don't get greedy in this game, or you will come to regret it!
FYI: I think the 1.382 is a reasonable place for this pattern to end. If we can get a 3-wave retracement, there is a high probability I re-enter with tight stops for another leg higher.
NEoWave Analysis of Ethereum 2025 Cash data chart shows that Ethereum is in a corrective phase and the wave structure from (A) to (C) has been completed. Initially, we expected a flat pattern to form; however, the wave structure-(C) was not an impulse and the flat was not confirmed.
As a result, given that the wave structure (A)-(B)-(C) is corrective and the waves differ in time, it seems that a contracting triangle pattern is forming and we are currently in wave-(D) of this triangle. Furthermore, wave-(D) could rise to $3630-3880 and end. Then a price correction in the form of wave-(E) may occur. This correction could end between $2900-3086 and if this range is broken downwards, wave-(E) could decline to $2000-2230, after which the main bullish move for Ethereum is expected to begin.
Good luck
NEoWaveChart
MILK/USDTMILK/USDT looking bullish and gearing up for a potential parabolic move after successfully sweeping liquidity below the key 0.05 zone. Buyers stepped in aggressively after the shakeout, reclaiming the support zone with strong momentum. Current price action suggests accumulation is complete, and the pair may be preparing for a breakout toward higher targets. Ideal entry lies around the green box
USDJPY Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for USDJPY below:
The instrument tests an important psychological level 148.46
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 147.15
Recommended Stop Loss - 149.17
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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
BTCUSDT: A Period of Adjustment and the Next TrendAfter a strong rally to record highs, BTCUSDT is currently entering a period of slight correction. The coin is now trading around 118,500 USD, down more than 0.57% on the day.
From a technical perspective, BTCUSD is moving within a narrowing price wedge, showing a slight downtrend. The support level at 116,500 USD is acting as a springboard for the Bulls. However, as the price approaches the tip of the wedge, a breakout may occur at any time, with two possible scenarios highlighted on the chart.
My personal outlook is that BTCUSDT will continue to decline in the short term before breaking out of the wedge in an upward direction. What do you think about BTCUSDT?
Please share your thoughts in the comments and don’t forget to like this post!
Wishing you all happy and successful trading!
USOIL Will Go Lower! Sell!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 67.883.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 62.518 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.
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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GBPJPY Large Reversal Pattern [Elliott Wave]Executive Summary:
GBPJPY shaping a diagonal pattern.
Large bearish reversal could push down to 184.
Above 202.40 voids the pattern as labeled.
I typically don't conduct Elliott wave analysis on cross pairs simply because they are the children of the two main currencies involved. GBPJPY is the child of GBPUSD and USDJPY.
With that said, I still scroll through charts looking for compelling patterns and GBPJPY caught my attention.
First, it's knocking on the door of 200...a nice round number.
Secondly, the rally from 184 in April to now appears to be a very mature Elliott wave ending diagonal pattern .
Diagonals shape in 5 waves. Remember, wave 3 cannot be the shortest of waves 1,3,5. Since wave 3 is shorter than wave 1, that means wave 5 cannot be longer than wave 3.
So we simply measure out wave 3 and apply it to the end of wave 4, and, voila, we have a maximum target for wave 5 at 202.40 .
That maximum target doesn't mean GBPJPY has to go that high, but this market is ripe for a large bearish turn. If GBPJPY does push above 202.40, then my wave labeling is incorrect.
Ending diagonals tend to be fully retraced which implies a decline back to 184 ... 1500 pips from today's price.
GBJPY may dance around in the 199 handle for a day or two.
A break below 199 could be an early warning signal of the bearish reversal. A break below the blue support trend line helps confirm the pattern.
If this bearish reversal takes hold, then GBPUSD or USDJPY likely experiences a large decline too.
GBPUSD-M30-LONGIf the price breaks above the trendline, it could signal a reversal or a strong bullish momentum. In this scenario, the price may aim to test the nearest identified targets, which are marked as horizontal levels on the chart. These targets include zones around the upper boundaries of the shaded areas, potentially reaching the levels indicated by the upper trendline touchpoints or the previous highs within the observed range. The break's strength and accompanying volume would be key factors in determining whether these targets are realistically achievable.
If you like, please hint.
EUR/USD – Bearish Setup as Wave C Unfolds Toward 1.1523📉 EUR/USD – Bearish Setup as Wave C Unfolds Toward 1.1523
Price has retraced into the key 78.6% fib zone after completing Wave B. With clear rejection from the supply area and lower highs forming, Wave C is now in play. Expecting bearish continuation with potential downside targets around 1.1523.
🔻 SHORT BIAS (Wave C in Play)
📍 Entry Zone: 1.16530–1.16945
🎯 Target: 1.15285
⛔ Invalidation: Above 1.17023
📊 Timeframe: 4H
📈 Pattern: ABC Zig-Zag Correction
📌 Updated Analysis by: @greenfire_forex
🧠 Note: Wait for confirmation before entering. Risk management is key.
#EURUSD #ElliottWave #BearishSetup #ABCPattern #WaveC #PriceAction #ForexAnalysis #TradingView
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Let me know if any correction , would like to suggest
EURAUD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for EURAUD below:
The price is coiling around a solid key level - 1.7893
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7812
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
Bitcoin: Short term tradeHello,
Cryptocurrencies, particularly major coins like Bitcoin, have experienced a volatile yet exhilarating rally in July 2025, reaching unprecedented all-time highs. This surge has attracted significant attention, drawing in new investors driven by fear of missing out (FOMO) and heightened market enthusiasm. While Bitcoin’s long-term potential remains robust, our analysis suggests a near-term correction is likely.
From a technical perspective, Bitcoin is currently undergoing a corrective phase as early investors capitalize on recent gains by taking profits. Chart patterns indicate the formation of a bullish flag, a continuation pattern that often precedes further upside after a consolidation period. We recommend that investors exercise patience and wait for the correction to fully develop. Optimal buying opportunities are anticipated around the $113,000 level, with a short-term price target of $130,000.
A key technical indicator, the Moving Average Convergence Divergence (MACD), is approaching a zero-line crossover, which could serve as a strong catalyst to confirm the resumption of Bitcoin’s upward momentum. We remain bullish on Bitcoin, maintaining an overweight position in our portfolio with a short-term target of $132,000.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold Intraday Trading Plan 7/18/2025I should follow through my trading plan on weekly trend. Instead of rising up, gold fell through early yesterday and rose back above 3340 in late US session.
I will trust my weekly analysis and based on the red daily candle, I expect gold continue to fall and it should break 2320 today. After that, we could see 2280 or even 2250 today.
Elliott Wave Analysis: SPY Poised To Extend Higher In Bullish SeElliott Wave sequence in SPY (S&P 500 ETF) suggest bullish sequence in progress started from 4.07.2025 low. It expects two or few more highs to extend the impulse sequence from April-2025, while dips remain above 6.23.2025 low. SPY ended the daily corrective pullback in 3 swings at 480 low on 4.07.2025 low from February-2025 peak. Above there, it favors upside in bullish impulse sequence as broke above February-2025 high. Currently, it favors wave 3 of (1) & expect one more push higher from 7.16.2025 low in to 630.31 – 651.1 area before correcting in wave 4. In 4-hour, it placed 1 at 596.05 high, 2 at 573.26 low as shallow connector & extend higher in 3. Within 3, it placed ((i)) at 606.40 high, ((ii)) at 591.89 low, ((iii)) at 627.97 high & ((iv)) at 618.05 low.
In 1-hour above ((ii)) low of 591.89 low, it ended (i) at 605.96 high, (ii) at 603.17 low, (iii) at 626.87 high as extended move, (iv) at 620 low & (v) as ((iii)) at 627.97 high. Wave ((iv)) ended in 3 swing pullback as shallow connector slightly below 0.236 Fibonacci retracement of ((iii)). Within ((iii)), it ended (a) at 619.8 low, (b) at 624.12 high & (c) at 618.05 low on 7.16.2025 low (this week). Above there, it favors rally in ((v)) of 3 targeting in to 630.31 – 651.1 area before correcting in 4. Within ((v)), it placed (i) at 624.73 high, (ii) at 623.08 low & favors upside in (iii) of ((v)). We like to buy the pullback in clear 3, 7 or 11 swings correction at extreme area in 4 and later in (2) pullback, once finished (1) in 5 swings.
#SEI/USDT#SEI
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking strongly upwards and retesting it.
We have support from the lower boundary of the descending channel at 0.3450.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upside.
There is a major support area in green at 0.3380, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.3580
First target: 0.3684
Second target: 0.3850
Third target: 0.4016
Don't forget a simple thing: ease and capital.
When you reach your first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.