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Bearish Patterns

CHFJPY - Bearish Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈CHFJPY has been overall bearish trading within the falling wedge marked in red and it is currently in a correction phase approaching the upper bound. Moreover, the green zone is a strong structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the structure and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #CHFJPY approaches the red circle, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich 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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by TheSignalyst
16
BTC: Lost Key Support! What’s Next?🚀 Hey Traders! If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥 🚨 BTC Breakdown Alert! BTC has lost the critical GETTEX:87K -$90K support in the daily timeframe—a level it held strong for over 3 months! Now, it's looking like a bearish retest, which could lead to another leg down. 📉 🔻 Next Major Support: $72K-$75K ✅ Bullish Reclaim? BTC must close above GETTEX:87K on the daily to confirm this as a fakeout—until then, the bias remains bearish. 🔥 What’s your take? Are we heading lower, or will BTC reclaim its lost ground? Drop your thoughts below! ⬇️🔥
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by CoreCrypto1
ETH has broken its 2 year ascending trendlineI have been busy working on our AI Super Aggregator so have not been as active in the market but look at this chart, it looks not good. We have broken a 2 year ascending trendline, the only goodish news is that it looks like we are trying to assume a nearly horizontal channel versus some steep descending channel. Since we are at the bottom of that new channel I would expect some reprieve from the current descent but a good chance its just enough to come up and prove our old ascending channel as resistance before potentially heading back down to retest the bottom of channel support. Really most the broad crypto market looks not so great but some assets have been trying to break their descent, and for some assets they are so oppressed right now you have to wonder, how much lower can it go? Be vigilant, the market has already been cruel and at the moment it looks like it still has more anger to blow off.
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by EncryptShawn
bch midterm sell limit"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
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by Golden_candle
USDJPY - Longterm viewHere is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels . Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame . USDJPY is currently trading at around 149.000s . We are still extremely bearish on FX:USDJPY since our last longterm analysis was completed: Scenario 1: SELLS from 148.200 -We broke below the downtrend channel. With the break of the downtrend channel we can expect more sells to come and we should continue the bearish trend on USDJPY slowly digging into lower levels potentially reaching our target of 145.000. Scenario 2: SELLS from 151.250 -We above the downtrend channel - 149.900. If we above our downtrend channel we can expect some short-term buys up to our main Key Level or PBA (Pullback Area) from where we can look to enter into the long-term sells. IMPORTANT KEY LEVELS: - 151.250; possible pullback area - 148.200; breaks below confirming lower levels - 145.000; longterm target (prices from Aug-Sep 2024) Personal opinion: We are currently trading in a downtrend channel and we are expecting more sells to come throughout the next weeks. We do have to be careful as TVC:DXY and TVC:JXY might experience some volatility tomorrow due to the following news: JXY: Tokyo Core CPI y/y DXY: Core PCE Price Index m/m KEY NOTES - USDJPY breaking above 149.900 would result in higher pullbacks. - USDJPY breaking below 148.200 (below the downtrend channel) would confirm sells. - USDJPY is overall extremely bearish. Happy trading! FxPocket
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by FxPocket
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Impact of yesterday’s Piercing Bar (Gold/USD 1D Chart)Impact of yesterday’s Piercing Bar (Gold/USD 1D Chart) 1. Price Action & Candlestick Pattern Analysis • The Piercing Line pattern on the daily chart is typically a bullish reversal signal, appearing after a downtrend. • However, today’s strong bearish follow-through (big red candle) invalidates the bullish intent of the pattern. This signals weakness in buyers’ strength. 2. Volume Spread Analysis (VSA) & Market Sentiment • Volume change is negative (-5.8%) with an increase in spread (74.95%), which means there’s a wider price range with less participation—suggesting weakness in demand. • Weak buying pressure across lower timeframes (1H, 4H, 8H) confirms that any bounce is likely to be short-lived. 3. Support & Resistance Zones • Key resistance at 2,956-2,972 (VWAP Upper Band & Liquidity High) acted as a rejection zone. • Key support at 2,888-2,891 (VWAP & VSA Liquidity Low). This is the level to watch for potential breakdown. 4. Momentum & Trend Analysis • The bearish momentum is strong across multiple timeframes (1H, 4H, 8H). • Price failed to hold above 2,932 VWAP, confirming further downside risk. 5. Order Flow & Market Strength • Negative Delta on footprint charts shows that sellers are dominating order flow. • Absorption at 2,899-2,900 suggests smart money is still distributing, not accumulating. Outlook & Trading Plan Bias: Bearish Outlook (Short Continuation Expected) • Entry: Sell Below 2,891 (Breakdown confirmation) • Stop Loss: 2,920 (Above rejection zone) • Take Profit 1: 2,863 (Liquidity Low) • Take Profit 2: 2,850-2,810 (VWAP Lower Band zones) • Confidence Level: 75% Justification for Trade: • The Piercing Line failed to reverse trend. • VWAP breakdown & weak volume structure confirm bearish continuation. • Momentum remains bearish, with weak demand signals. 👉 Conclusion: Gold remains bearish unless bulls reclaim 2,932-2,956. Short positions favored on breakdown.
FX:XAUUSDShort
by ICHIMOKUontheNILE
Why the Piercing Line Failed to Reverse the Trend?Why the Piercing Line Failed to Reverse the Trend? A Piercing Line pattern is a bullish reversal signal that appears after a downtrend. However, this pattern failed to reverse the bearish trend in today’s price action due to the following key reasons: 1. Lack of Follow-Through Buying • A strong Piercing Line requires the next candle to be bullish, closing above the previous day’s high, confirming a shift in momentum. • Instead, today’s candle is a strong bearish engulfing bar, completely wiping out the bullish intent. This shows sellers overpowered buyers immediately. 2. Rejection at Key Resistance (Supply Zone) • The price attempted to push higher but got rejected at 2,956-2,972 (VWAP Upper Band & VSA Resistance). • Liquidity absorption at this level suggests smart money selling into strength, not accumulation. 3. Weak Volume Confirmation • A strong Piercing Line should come with increasing volume, indicating strong buying pressure. • Volume was weak (-5.8%), meaning there was no real commitment from buyers. • A spread increase (+74.95%) without volume support suggests a liquidity grab rather than true demand. 4. Order Flow Shows More Aggressive Selling • Delta is negative, indicating more market sells than buys. • The footprint chart shows large sell orders dominating, meaning big players are still offloading. 5. Bearish Momentum Dominates Lower Timeframes • 1H, 4H, and 8H charts show bearish continuation patterns with price breaking key VWAP levels. • No higher highs or strong demand zones were created, meaning bulls are not defending. Conclusion: No Bullish Confirmation → Bearish Continuation A Piercing Line is only valid if buyers sustain momentum. Since today’s session completely erased the bullish signal, this is a failed reversal and more downside is expected. Trade Plan (Bearish Bias) • Sell Below: 2,891 • Stop Loss: 2,920 • Target 1: 2,863 • Target 2: 2,850-2,810 👉 Key Takeaway: Price action alone is not enough. Volume, order flow, and momentum must align for a true reversal.
FX:XAUUSDShort
by ICHIMOKUontheNILE
OM Short Trade OpportunityMarket Context: OM appears to have completed its fifth wave upward, suggesting a potential correction phase. Weak macro fundamentals and liquidity on the downside indicate that a break of support could lead to further downside movement. Trade Details: Entry Zone: Around $7.7 Take Profit Targets: $7.0 $6.1 $5.4 Stop Loss: Daily close above $8.3 This setup aims to capitalize on a breakdown of support and capture momentum toward lower liquidity zones. 📉
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by Richtv_official