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The Euro-Dollar remains under pressure after completing a bearish divergence on the daily chart — higher highs on the price while the MACD shows lower highs.
On the 4-hour chart, we can clearly see three consecutive lower highs and lower lows, confirming the short-term bearish momentum.
Daily: Bearish divergence between price and MACD
4H: False synchronization (lower lows on both price and MACD)
Sell the rallies is my plan either a potential ABCD or a range
Levels to Watch:
📌 Trading Plan: Sell the rallies.
As long as the bearish structure holds, short-term retraces are opportunities to join the downside. A break below the local lows could extend the move further toward the 1.06–1.05 area.
The Dollar-Yen continues to move within a wide weekly range, currently testing the upper boundary.
Bullish Breakout:
A break above the range high, followed by a retest, may open the door for a continuation to the upside.
Bearish Reversal:
If price fails at the top of the range and completes a bearish divergence on the daily and 4-hour charts, we could see a push lower.
📌 Trading Plan: Wait for the completion of divergence setups and confirmation candles near the top of the range. Once momentum shifts, look for short entries aligned with the daily divergence.
The Euro-Canadian Dollar is developing a classic false-break structure with strong downside potential.
On the daily chart, price has been riding the upper Bollinger Band for over 20 candles, forming a rising wedge pattern. Divergence is clearly visible: higher highs on price vs lower highs on MACD.
Daily: Rising wedge and bearish divergence
4H: Strong downside momentum with lower highs and lower lows
Scenarios to Watch:
📌 Trading Plan: Once the pullback completes, look to sell the rallies or trade the breakout after confirmation. Momentum supports the bearish bias as long as price holds below the upper wedge line.
Gold reached extreme overbought conditions across multiple timeframes — monthly, weekly, and daily — with the RSI above 80 and sharp rejection candles forming.
Monthly
Weekly
Daily
On the 4-hour chart, a double top pattern has completed alongside a break to lower lows on both the chart and the MACD.
Overbought Conditions: Monthly, weekly, and daily RSI readings above 80
Double Top Confirmed: Price and MACD both turning lower
Scenarios to Watch:
ABCD Correction / Range Formation:
As long as previous support-turned-resistance holds, expect sellers to dominate.
Deeper Pullback Then Buy Setup:
If price drops to clear the previous lows, watch for bullish divergence (lower lows on price, higher lows on MACD) for potential retracement opportunities.
📌 Trading Plan: Look for short opportunities under resistance for the near term. For buyers, wait for confirmed bullish divergence before any counter-trend setups.
Every forecast above is paired with two scenarios. Why? Because great trading is not about being right — it’s about being ready. Let the market confirm the bias. Use your system, manage risk, and execute only when the structure and confirmation align.
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Wishing you a profitable week ahead!
Vladimir Ribakov
Internationally Certified Financial Technician
Home Trader Club
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