XAU/USD Elliott Wave Setup : Triangle Ends, Impulse BeginsThe 8-hour XAU/USD chart presents an Elliott Wave structure, currently in the final stages of Wave 4 within a larger impulsive cycle. The complex correction in Wave 4 has unfolded as a WXYXZ (triple-three pattern), forming a contracting triangle (ABCDE) — a classic consolidation phase that typically precedes a sharp impulsive breakout.
Wave E has recently completed near the lower boundary of the triangle, supported by the ascending trendline drawn from the April low. This suggests the correction is mature and Wave 5 is ready to ignite.
Target 1 (T1) : 3434.845
Target 2 (T2) : 3500.535
Stop Loss (SL) : 3309.729
The triangle (Wave 4) breakout structure suggests bullish continuation.
Multiple internal WXY corrective waves have completed, signaling exhaustion.
Volume and candle structure support the possibility of impulsive buying in Wave 5.
Forex-trading
GBP_NZD LOCAL SHORT|
✅GBP_NZD made a retest of the
Local horizontal resistance level of 2.2580
And as you can see the pair is already
Making a local pullback from
The level which sends a clear
Bearish signal to us therefore
We will be expecting a
Further bearish correction
SHORT🔥
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GBP-USD Local Long! Buy!
Hello,Traders!
GBP-USD is about to retest
The horizontal support
Level below at 1.3383
And as this is a strong
Support level we will be
Expecting a local bullish
Rebound and a move up
Buy!
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XAUUSD 4Hour TF - July 20th, 2025XAUUSD 7/20/2025
XAUUSD 4 hour Long Idea
Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4hour - Bullish
GOLD,GOLD,GOLD. This thing has been bullish on all timeframes and doesn’t really show any signs of stopping just yet.
We can see two scenarios for the week ahead so let’s dive in:
Bullish continuation - Price action on gold is breaking out of a descending triangle pattern. This is a strong bullish move but for us to consider trades we want the confirmation.
Look for a retest of our 61.8% fib level and mostly recently broken structure. If we can spot bullish conviction coming off this level we can then consider targeting higher resistance levels like 3.395.000. Our -27% fib level lines up with this zone as well.
Bearish Reversal - For us to consider Gold bearish again we would need to see something very convincing. If we did see a break below 3,320.000 with a confirmed lower high I would then consider short scenarios.
Look to target toward major support levels on the way down to 3,225.000, our next monthly support zone.
EURJPY 4Hour TF - July 20th, 2025EURJPY 7/20/2025
EURJPY 4hour Bullish Idea
Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4hour - Bullish
Bullish Continuation - This is the most likely scenario for EJ this week as nothing suggests anything other than Bullish activity.
EJ could take off right at market open and start pushing up without giving us a retest to enter on. If we do get some sort of retest or pullback, look for rejection as close to 172.400 as possible before looking long.
If this does execute it looks like it will be a very small window of opportunity to enter. Trade cautiously with EJ in this bullish scenario.
Bearish Reversal - This scenario is less likely but is much more favorable in my opinion.
For us to consider EJ bearish we would need to see a clear break below 172.400 with a lower high below. This would give us enough confidence to consider short scenarios and start looking lower toward major support levels like 170.750.
USDJPY 4Hour TF - July 20th,2025USDJPY 7/20/2025
USDJPY 4Hour Neutral Idea
Monthly - Bullish
Weekly - Bearish
Daily - Bullish
4Hour - Bullish
UJ is looking better than a couple weeks ago and at least we can spot some decent setups for the week ahead. These are NOT perfect setups but we have two scenarios that we are ready for if price action shows it is ready too. Here are the two scenarios we’re looking at for the week:
Bullish Continuation - We can see UJ in a nice 4hour channel but we are currently seeing a bit of flat price action. For us to consider UJ long setups again we would need to be convinced. Look for a break above our 149.250 zone with a confirmed higher low above. This would be enough to consider longs and target higher toward key levels of resistance.
Bearish Reversal - If price action continues to stall, this bearish setup will become more and more likely. Ideally, we want to see some strong rejection from our 149.250. If this happens look to target lower toward 147.500.
AUDJPY 4Hour TF - July 20th,2025AUDJPY 7/20/2025
AUDJPY 4hour Bullish Idea
Monthly - Bullish
Weekly - Bearish
Dailly - Bullish
4hour - Bullish
We’re looking mostly bullish on AJ going into this week but will this 96.500 hold as support? Let’s take a look at two potential scenarios for the week ahead:
Bullish Continuation - This is the most likely for AU this week according to the trends in play. For us to get confident in long scenarios, we would like to see strong bullish rejection from support around 96.500. If this happens look to target higher toward our negative fib levels and key resistance.
Bearish Reversal - For us to consider AJ bearish for the week, we would need to see some bearish pressure step in and push us below 96.500. If this happens we only need confirmation in the form of a lower high below 96.500.
Look to target lower toward major support levels like 94.500 area if this happens.
DXY 4Hour TF - July 20th, 2025DXY 7/20/2025
DXY 4hour Neutral Idea
Monthly - Bearish
Weekly - Bearish
Dailly - Bearish
4hour - Bullish
Higher timeframe trend analysis suggests that DXY is primarily bearish and is currently retracing to potential resistance.
Going into this week we are looking to see if our 98.000 zone will stay as support or transition into resistance. Here are two scenarios which highlight both a bullish and bearish outcome:
Bullish Continuation - Last week we saw a strong rally through our 98.000 zone which seems to still be holding. If this 4hour bullish trend is to continue we would like to see some sort of rejection off 98.000 support while also confirming a higher low. If this happens look to target higher toward major resistance levels like 99.250.
Bearish Reversal- If we are to consider DXY bearish again on the 4hour we would need to see a break below 98.000 support and confirm this level as new resistance.
There are a few major support levels to watch out for but DXY has the potential to fall dramatically if we see price get below 97.500.
AUD-CHF Risky Short From Falling Resistance! Sell!
Hello,Traders!
AUD-CHF is trading in a
Downtrend along the falling
Resistance line so we are
Bearish biased and after
The potential retest of the
Falling resistance we will
Be expecting a further
Bearish move down
Sell!
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CHF-JPY Resistance Ahead! Sell!
Hello,Traders!
CHF-JPY keeps growing in
An uptrend and the pair is
Locally oversold so after the
Retest of the horizontal
Resistance of 186.000
From where we will be
Expecting a local bearish
Pullback on Monday
Sell!
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NZD_JPY PULLBACK EXPECTED|SHORT|
✅NZD_JPY has been growing recently
And the pair seems locally overbought
So as the pair has approached
A horizontal resistance of 88.900
Price fall is to be expected
SHORT🔥
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Polish zloty in trouble: Swiss franc is sharpening its teethTechnically, CHFPLN has completed a consolidation phase within a narrowing triangle and broke to the upside. The pair is now testing the 4.60 level (the 0.618 Fibonacci retracement) from below — a decisive zone. A breakout and confirmation above this area opens the path toward 4.705, which coincides with the 0.5 Fibo level and a local resistance. A pullback from that zone back to 4.60 is possible, but this time as a support retest. If the level holds, the targets remain: 4.91 and 5.13 - both marked by Fibonacci extensions and major long-term horizontal resistance. The EMAs are aligned in support of further upside, with price consistently trading above them.
Fundamentally, the Swiss franc remains a safe-haven currency, especially amidst increasing instability in the Eurozone. Weak growth in Germany, looming ECB policy easing, and rising inflationary pressures are all tilting investor interest toward CHF. Meanwhile, Poland faces political uncertainty, budgetary debates, and volatility in the agricultural and energy sectors. All of this strengthens the case for the franc in this pair.
Tactically, the game plan is straightforward: a confirmed breakout above 4.60 signals the start of a bullish impulse. The 4.60–4.705 zone is the key area of interest for buyers. If this zone is reclaimed and held, the next targets - 4.91 and 5.13 - remain valid, where large players may look to take profits.
If this scenario plays out, the zloty may soon be tuning into Polish radio to sing nostalgic songs about the golden days of its strength.
AUD_NZD GROWTH AHEAD|LONG|
✅AUD_NZD fell down sharply
But a strong support level was hit at 1.0910
Thus I am expecting a rebound
And a move up towards the target of 1.0930
LONG🚀
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EUR-NZD Will Grow! Buy!
Hello,Traders!
EUR-NZD is making a local
Bearish correction while trading
In an uptrend along he rising
Support so after the pair hits
The support line a local bullish
Rebound is to be expected
Buy!
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NZD-JPY Local Short! Sell!
Hello,Traders!
NZD-JPY has hit a horizontal
Resistance level of 88.851
And we are already seeing
A bearish reaction so we will
Be expecting a local
Bearish move down
On Monday!
Sell!
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USD_JPY STRONG UPTREND|LONG|
✅USD_JPY is in a strong
Long-term uptrend now
And the pair is accumulating
For the next leg up so we will
Be expecting a bullish continuation
On Monday!
LONG🚀
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EUR_AUD WILL GROW|LONG|
✅EUR_AUD is trading in an uptrend
With the pair set to retest
The rising support line
From where I think the growth will continue
LONG🚀
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CAD-JPY Will Keep Growing! Buy!
Hello,Traders!
CAD-JPY keeps trading in
An uptrend and there is a
Rising support below so
We are bullish biased
And we will be expecting
A further bullish move up
Buy!
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EUR-AUD Strong Uptrend! Buy!
Hello, Traders!
EUR-AUD is trading along
The rising support line in a
Strong uptrend so we we are
Bullish biased and as the pair
Is going down to retest the
Support we will be expecting
A rebound and a move up
Buy!
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EUR_NZD LONG FROM RISING SUPPORT|
✅EUR_NZD is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above at 1.9544
LONG🚀
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USD-JPY Will Keep Growing! Buy!
Hello,Traders!
USD-JPY is trading in an
Uptrend along the rising
Support line and the pair
Already made a bullish
Rebound and is consolidating
In a local range so as we
Are bullish biased we will
Be expecting a further
Bullish move up
Buy!
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NZD-USD Will Go Down! Sell!
Hello,Traders!
NZD-USD already made a retest
Of the horizontal resistance
Of 0.5992 from where we
Are seeing a bearish reaction
And we will be expecting a
Further bearish move down
Sell!
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AUD-NZD Rebound Expected! Buy!
Hello,Traders!
AUD-NZD is making a retest
Of the horizontal support
Level of 1.0909 and as the
Pair is trading in an uptrend
We will be expecting a
Local bullish rebound
Buy!
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