Jack-Mastermind

Jack-Mastermind

Pair: EUR/USD (or your specific pair - please adjust if needed) Technical Breakdown After a period of consolidation in early May, followed by a decisive pullback, price action has transitioned into a strong bullish structure forming a well-defined parallel ascending channel. We are currently seeing momentum continue to build, with price breaking above a key...

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 

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

Here’s a clean technical setup I’m watching closely on the CAD pair. We’ve seen a strong rejection from the top of the ascending channel, with the price now breaking below key structure levels. Let’s break it down: Key Observations: Consolidation zone early May gave way to bullish momentum. Price peaked within an ascending channel, but failed to maintain the...

Jack-Mastermind

The EURAUD pair has just broken out of a parallel descending channel, signaling a potential trend reversal. After weeks of consolidation and lower lows, price has now breached key resistance at 1.7507 and is testing the 1.7565 level. Key Observations: Price broke above the upper boundary of the descending channel. Previous resistance at 1.7507 is now acting...

Jack-Mastermind

We’re currently watching a potential bearish setup unfold, following a solid bounce from the recent low around 3,126 USD. Here's a breakdown of what I'm seeing: Chart Insights: The price was previously trading in an ascending channel, which broke down sharply. After forming a Flat Top Bottom pattern , the market rebounded strongly. We’re now consolidating...

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...

Jack-Mastermind Updated 

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...

Jack-Mastermind Updated 

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 

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

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...