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EUR/USD Chart Pattern Analysis (1H Timeframe) – Bearish SetupThe EUR/USD 1-hour chart presents a compelling bearish setup, characterized by a rejection from a key resistance zone, a weakening support level, and a potential trendline breakdown. These technical elements suggest an increased probability of downward movement if bearish momentum persists. Key Technical Components: Resistance Rejection & Selling Pressure: The price action tested a well-defined resistance zone, which aligns with previous swing highs. A rejection from this level indicates that sellers have stepped in, preventing further upside movement. This area serves as a supply zone, reinforcing a bearish outlook as long as price remains below it. Support Level at Risk of Breakdown: The market is currently testing a support zone, which has previously acted as a demand area. A break below this support would confirm increased selling pressure, likely triggering a more significant decline. The support level is structurally weak, as the price has already tested it multiple times, increasing the likelihood of a breakdown. Ascending Trendline Violation: The ascending trendline has been a key dynamic support for the recent uptrend. If the price breaks below this trendline with strong volume, it would signify a potential trend reversal, shifting market sentiment from bullish to bearish. A confirmed breakdown would further validate the bearish continuation scenario. Sell Stop Placement & Profit Targets: A Sell Stop order is positioned below the support zone to capture a breakdown trade. The first Take Profit (TP1) is set at 1.08312, a level that has historically acted as support and resistance. The second Take Profit (TP2) is placed at 1.07659, representing a more extended bearish move toward the next major demand zone. Conclusion & Trading Strategy: Bearish Scenario: If the price breaks below the support level and ascending trendline, it could trigger a sell-off, leading to a potential downside move toward TP1 and TP2. Bullish Rebound Possibility: If the support level holds and buyers regain control, the price may attempt to retest the resistance zone. However, the bearish structure remains dominant unless the price breaks above resistance. Final Outlook: Traders should closely monitor price action at the support and trendline intersection. A confirmed breakdown below these levels, preferably with increased volume, would reinforce the bearish outlook. Proper risk management and stop-loss placement above the resistance zone are recommended to mitigate potential reversals. Would you like me to refine it further for professional publication or trading forums? 🚀
Short
by GoldMasterTrades
Gold (XAUUSD) Chart Analysis**Gold (XAUUSD) Chart Analysis **Price:** $3,053 **Bullish Scenario (Uptrend)** - The price is currently testing a **resistance zone** near $3,056. - If it **breaks above the resistance level**, we can expect a continuation towards **$3,060-$3,070**. - A pullback to the **support zone** (around $3,050) followed by a bounce would confirm bullish momentum. - **Confirmation of an uptrend:** The price stays above the EMA 7 and EMA 21, signaling strong buying pressure. **Bearish Scenario (Downtrend)** - If gold fails to break resistance and **drops below $3,050**, it may test the **strong support level at $3,040**. - A further break below **$3,037 (EMA 50)** could lead to more selling pressure, potentially pushing gold towards **$3,030**. - Increased selling volume and rejection at resistance could confirm a bearish move. **Key Levels to Watch:** - **Resistance:** $3,053 - $3,060 (Breakout needed for a strong rally) - **Support:** $3,050 (First support level) - **Strong Support:** $3,040 - $3,037 (Critical level for bulls to hold) **Conclusion:** The market is at a key decision point. If resistance breaks, the bullish trend continues; otherwise, a pullback to support is likely. Traders should watch price action near these levels for confirmation before taking trades.
OANDA:XAUUSDLong
by smarttradingstar
EURGBP Bearish Continuation Setup Potential Drop to Key Support📌 Overview: The EUR/GBP pair is showing signs of bearish continuation after failing to break above key resistance levels. Price action indicates a potential downward move towards a major support zone, aligning with the overall market structure. 🔎 Technical Analysis: The pair has formed a lower high, indicating weakness in bullish momentum. A breakdown from the recent consolidation zone suggests sellers are in control. Price has breached a key support level, turning it into a resistance zone. The market structure indicates a potential drop towards 0.82773, which aligns with a previous support area. 📊 Key Price Levels: ✔ Resistance: 0.84000 - 0.84200 (previous support turned resistance) ✔ Current Price: 0.83876 ✔ Target: 0.82773 (major support and liquidity zone) ✔ Stop Loss: Above 0.84000, invalidating the bearish setup 📉 Trade Plan & Execution: 🔹 Entry Strategy: Traders can look for a retest of broken support (now resistance) near 0.84000 to confirm selling pressure. A bearish rejection candle (such as a shooting star, bearish engulfing, or pin bar) could confirm the continuation of the downward trend. 🔹 Profit Target: The primary target is 0.82773, which acts as a strong demand zone from previous price action. 🔹 Risk Management: A stop loss should be placed above 0.84000, as a break above this level would invalidate the bearish setup. Maintaining a favorable risk-to-reward ratio (1:2 or better) is advisable for optimal trade execution. 📢 Market Outlook & Considerations: ✅ Bearish Confirmation: Sustained rejection from resistance and lower highs strengthen the bearish outlook towards 0.82773. 🚨 Bullish Reversal Risk: A break above 0.84000 could invalidate the setup, signaling a potential return to bullish momentum. 📊 Fundamental Factors: Keep an eye on GBP and EUR-related economic data, central bank policies, and risk sentiment, which could impact price movements.
Short
by PIPsOptimizer
EUR/GBP Bearish Trading Setup | Resistance Rejection & BreakdownMarket Context & Overview The EUR/GBP currency pair is currently showing signs of bearish momentum, as illustrated in this 1-hour trading chart. The price is facing a strong resistance zone while forming a descending trendline, indicating that sellers are gaining control over the market. Given this technical setup, traders can anticipate a potential breakdown leading to further downside movement. This analysis highlights key price levels, technical indicators, and potential trade opportunities based on current price action. The bearish outlook is supported by the market structure, which is displaying signs of a potential trend reversal from the resistance zone. 🔹 Key Technical Levels 1️⃣ Resistance Zone (0.84200 - 0.84300) This area has acted as a strong selling zone in previous price action. Multiple rejection points indicate that buyers are struggling to push beyond this level. This resistance aligns with the descending trendline, further strengthening the bearish bias. 2️⃣ Support Level (0.84000) The current support level has provided temporary demand, preventing immediate downside movement. If the price breaks below this support, it will confirm a bearish continuation. 3️⃣ Major Resistance Zone (0.84495) This is the all-time high resistance zone in the short-term structure. A break above this level would invalidate the bearish setup and could lead to bullish momentum. 4️⃣ Target Level (0.83735) If the price successfully breaks below 0.84000, the next target would be 0.83735. This level aligns with previous swing lows, making it a realistic downside target for short positions. 5️⃣ Stop Loss Placement (Above 0.84201) A stop-loss above 0.84201 ensures protection against false breakouts. If price breaks above this level, it could signal a shift in market structure. 🔹 Technical Insights & Market Sentiment 1️⃣ Descending Trendline: The price is respecting a descending trendline, indicating a bearish bias. 2️⃣ Multiple Resistance Rejections: Price has tested the resistance zone multiple times without breaking through. 3️⃣ Bearish Price Action: The recent candles show lower highs, reinforcing the downtrend. 4️⃣ Volume Analysis: A drop in buying pressure at resistance signals potential weakness among buyers. 5️⃣ Fundamental Factors : GBP strength due to macroeconomic factors could add further pressure on EUR/GBP. 🔹 Trade Plan & Strategy 📌 Entry Criteria Ideal entry near 0.84150 - 0.84200 if price shows rejection at resistance. Alternatively, enter after a confirmed breakdown below 0.84000 for safer confirmation. 🎯 Profit Target First target: 0.83735 If bearish momentum continues, price could extend towards 0.83600 as an extended target. 🛑 Stop Loss Placement Above 0.84201 to minimize risk. This ensures the trade remains valid while avoiding market noise. 🔹 Risk-Reward Ratio & Trade Management ✅ Risk-Reward Ratio (RRR): Approximately 2:1, making this a favorable setup. ✅ Trade Management: If price starts reversing before hitting the target, consider trailing stop-loss to secure profits. If price consolidates around support, watch for breakout confirmations before entering. 🔹 Final Thoughts & Market Sentiment This trading setup suggests a strong bearish opportunity based on price action, resistance rejection, and trendline confluence. The break below 0.84000 will be the key trigger for further downside movement. If price remains below resistance, a sell position with a stop-loss above 0.84201 and a target of 0.83735 offers a high-probability trade setup.
Short
by GoldMasterTrades
Analysis of USD/JPY Chart**Analysis of USD/JPY Chart** **Chart Pattern & Market Structure** - The chart identifies a **triangle chart pattern**, which often signals a potential breakout. - Price has been consolidating within this structure and recently **broke above the pattern**, indicating possible bullish momentum. **Key Technical Levels** - **Resistance Zone (~149.8 - 150.0):** Price is testing this area, which previously acted as a supply zone. A breakout above could open doors for higher levels. - **Support Zone (~148.5 - 149.0):** If price retraces, this area could act as a strong demand zone. - **EMA50 (~149.2):** Currently acting as a dynamic support, maintaining the bullish structure. **Potential Price Movement** - The chart suggests a possible pullback toward **support** before continuing higher toward the next resistance zone (~151.5 - 152.0). - If price breaks below the **support zone**, the uptrend could weaken, leading to a bearish scenario. **Trading Considerations** - A **successful breakout above resistance** (~150) could push price towards **152.0**. - A **rejection at resistance** might bring price back to **support (~148.5 - 149.0)** before another bullish attempt. - Traders should watch for **confirmation signals** (candlestick patterns, volume spikes) before entering trades.
Long
by elitetrader9090
Bitcoin (BTC/USD) – Bearish Rejection from Supply ZoneThis chart represents a technical analysis of Bitcoin (BTC/USD) on the daily timeframe, highlighting key levels of resistance, support, and potential price movement. It indicates a bearish rejection from a supply zone, which suggests that BTC may experience further downside pressure. Key Components of the Chart: 📌 1. All-Time High (ATH) + Resistance Zone (~$110,000 - $115,000) This is the highest price level Bitcoin has ever reached on this chart. It acts as a strong resistance zone, meaning sellers are likely to step in if the price approaches this level again. 📌 2. Supply Zone (~$88,000 - $90,000) The supply zone is an area where selling pressure is high. BTC attempted to break above this zone but got rejected, leading to a sharp decline. This rejection confirms that bears are in control, pushing the price downward. 📌 3. Stop Loss (~$95,629) This level represents the point where a bearish trade would be invalidated. If BTC breaks above this level, it could indicate a shift in momentum toward bullish territory. 📌 4. Current Price Action (~$83,444) BTC is currently trading below the supply zone, showing weakness. The recent lower high formation suggests a continuation of the downtrend. 📌 5. Take Profit (TP) Level (~$65,969) This is the target level for a potential bearish move. The $65,969 level has acted as major support in the past, meaning buyers may step in here. If BTC reaches this level, it could either bounce back up or break lower, leading to further downside movement. 📌 6. Major Support Level (~$45,000 - $50,000) If BTC breaks below the $65,969 support, the next major support zone is around $45,000 - $50,000. This area is historically significant and could provide a strong buying opportunity. Trade Plan & Strategy: 🔴 Bearish Bias: The rejection from the supply zone signals a continuation of the downtrend. A short position can be considered if BTC fails to break above the supply zone again. 🎯 Trade Setup: Entry: Around $85,000 - $88,000 (if BTC retests the supply zone and gets rejected again). Stop Loss: Above $95,629 to protect against an unexpected bullish breakout. Take Profit (TP): Around $65,969, targeting the next major support level. Conclusion: BTC is showing signs of a bearish continuation, with strong resistance at the supply zone. A potential move toward $65,969 is likely if selling pressure continues. If BTC breaks below this key level, a further decline toward $45,000 - $50,000 could happen. ⚠️ Disclaimer : This is not financial advice. Always conduct your own research before making trading decisions. 🚀📉
BITSTAMP:BTCUSDShort
by GoldMasterTrades
Hedera Hashgraph: Balancing ActHedera Hashgraph’s HBAR continues to hover just above the $0.17 support level, moving within an increasingly narrow sideways range. If the price breaks sustainably below this red line (38% probable), the green corrective wave alt. will establish a new low. Our primary assumption, however, remains that the green wave was already completed with the late February low, at the upper boundary of our now grayed-out Target Zone. If this assumption holds and buying pressure returns soon, HBAR should rally above the $0.39 resistance during the green impulse wave .
BINANCE:HBARUSD
by MarketIntel
AUD/USD trade plan **Chart Pattern & Analysis** * *Pattern Identified:** - The chart shows an **Ascending Triangle** pattern on the **AUD/USD 15-minute timeframe**. - This is typically a **bullish continuation pattern**, indicating that price may break out to the upside. **Key Levels:** - **Resistance (Upper Trendline):** Around **0.6380** - **Support (Lower Trendline):** Around **0.6365** - **Exponential Moving Averages (EMA):** - 7 EMA: **0.63768** (Short-term trend) - 21 EMA: **0.63785** (Medium-term trend) - 50 EMA: **0.63774** (Long-term trend) **Trading Strategy:** - **Bullish Case (Buy Entry):** - If price **breaks above the upper trendline** (~0.6380) with strong volume, it could continue upward. - **Target:** Next resistance level (~0.6440) - **Stop-loss:** Below **0.6365** - **Bearish Case (Sell Entry):** - If price **breaks below the lower trendline**, the trend may reverse. - **Target:** ~0.6320 (Previous support) - **Stop-loss:** Above **0.6380** **Conclusion:** - Watch for a breakout confirmation before entering a trade. - Volume and EMA crossovers can provide additional signals.
by smarttradingstar
Gold (XAU/USD) Chart AnalysisGold (XAU/USD) Chart Analysis **Key Observations:** 1. **Current Price & Trend:** - Gold is trading around **$3,033-$3,034**, showing a slight pullback after a strong rally. - The trend remains **bullish**, supported by key moving averages. 2. **Support & Resistance Zones:** - **Resistance Zone (Green):** - **$3,040 - $3,044:** Minor resistance. - **$3,048 - $3,052:** Strong resistance, potential breakout level. - **Support Zone (Red):** - **$3,030 - $3,028:** First support level (near EMA 50). - **$3,024 - $3,020:** Stronger support (possible pullback area). 3. **Moving Averages (EMA):** - **EMA 7 (3,034.06):** Short-term support. - **EMA 21 (3,033.91):** Mid-term trend indicator. - **EMA 50 (3,030.21):** Key dynamic support—holding above this level keeps the bullish trend intact. 4. **Trendline & Volume:** - The **ascending trendline** suggests continued bullish momentum. - **Volume is decreasing**, indicating consolidation before a potential breakout. **Potential Trade Setups:** 🔹 **Bullish Scenario (Breakout Above $3,040):** - Entry: Buy above **$3,040** - Target: **$3,052+** - Stop Loss: Below **$3,030** 🔹 **Bearish Scenario (Breakdown Below $3,030):** - Entry: Sell below **$3,030** - Target: **$3,020-$3,012** - Stop Loss: Above **$3,040** **Conclusion:** - **Above $3,030 → Bullish bias remains strong.** - **Below $3,030 → A pullback towards $3,020 is possible.** - Watch for **breakout confirmation** before entering trades.
OANDA:XAUUSDLong
by elitetrader9090
3
WELCOME 3000 GOLD WILL GOLD MARK NEW ATH AGAIN!🔥 Attention Traders! 🔥 XAUUSD is heating up! Here's the latest analysis: 🔻 Bearish Setup: Watch for a potential decline if the price breaks below 2979-3003. Key targets: 2960 & 2945. 🔺 Bullish Setup: A breakout above 2911 could signal buying opportunities! Keep an eye on these targets: 3015 & 3030. 📉 Risk Management: Always protect your capital by setting stop-losses and adjusting position sizes based on your risk tolerance. Trading with discipline is key to success! 📊 Stay Engaged: Share your thoughts and strategies as we navigate through this volatile market. Let’s aim for new highs while managing risk effectively! 💵🚀
OANDA:XAUUSD
by ANNA_EXPERT
2
GBP/USD Chart Analysis: (1H Timeframe)**Chart Analysis: GBP/USD (1H Timeframe)** **1. Chart Pattern - Rising Wedge 📉** - The price has formed a **rising wedge**, a bearish reversal pattern. - A rising wedge occurs when price makes higher highs and higher lows but within a narrowing range, suggesting weakening bullish momentum. - The price has now broken out of the wedge, signaling a potential downward move. **2. Key Levels & Targets 🎯** - **Current Price:** Around **1.29720** - **EMA Levels:** - **7 EMA:** 1.29767 (Short-term trend indicator) - **21 EMA:** 1.29748 - **50 EMA:** 1.29629 (More reliable trend indicator) - **Bearish Breakdown Targets:** - **First Target (Red Label):** Around **1.2800**, aligning with previous support levels. - **Final Target (Green Label):** Around **1.2650**, suggesting a larger move downward if selling pressure continues. **3. Confirmation of Downtrend? 🔻** - The breakdown below the rising wedge suggests a potential **downtrend continuation**. - The **break below 1.2900** would likely confirm a stronger bearish move. - Volume is increasing on the move down, indicating strong selling interest. *Possible Trade Setups 📊** 1. **Bearish Scenario:** - A short position can be considered if price continues breaking below key EMAs and previous support. - **Entry:** Below 1.2960 - **Stop Loss:** Above 1.3000 - **Take Profit:** 1.2800 (first target) or 1.2650 (final target). 2. **Bullish Reversal Possibility:** - If price **reclaims the wedge** and breaks above 1.3000, it could invalidate the bearish pattern. **Conclusion:** - The **rising wedge breakdown** suggests bearish momentum. - A move below **1.2900** would confirm further downside. - **Watch for volume confirmation** before entering a trade.
Short
by elitetrader9090
Gold (XAU/USD) Chart Analysis**Gold (XAU/USD) Chart Analysis** 📌 **Current Price:** $3,014.41 📊 **Chart Pattern:** Uptrend with Higher Highs & Higher Lows 🎯 **Short-Term Target:** $3,020 **🔹 Key Levels:** - **Support:** - $3,012 (7 EMA) - $3,008 (21 EMA) - $3,003 (50 EMA) - **Resistance:** - $3,015 (Immediate) - $3,020 (Psychological Level) **✅ Trade Setup (Scalping Strategy):** - **Entry:** On retracement near $3,012 (7 EMA) - **Stop-Loss:** Below $3,008 - **Take Profit:** $3,020 📢 **Gold is in a strong uptrend. Bullish momentum remains intact unless price drops below $3,008!** 🚀
OANDA:XAUUSDLong
by elitetrader9090
EUR/USD with a bullish breakout falling wedge pattern You're looking at a **falling wedge** pattern on **EUR/USD** with a **bullish breakout setup**. Here’s a structured trading plan based on your input: 1. **Buy Trade Setup** - **Pair**: EUR/USD - **Pattern**: Falling Wedge (Bullish Reversal) - **Entry**: **1.09000** (Breakout confirmation above resistance) - **Target (TP)**: **1.09700** (700 pips move) - **Stop Loss (SL)**: **1.08300** (Risk: 70 pips) - **Risk-Reward Ratio (RRR)**: **1:1** 2. EUR/USD Sell Setup – Falling Wedge False Breakout If the falling wedge fails and breaks downward instead of upward, here’s an alternative sell setup: Pattern: Falling Wedge (Bearish Breakdown) Entry: 1.09000 (Break below support) Target (TP): 1.08300 (700 pips move) Stop Loss (SL): 1.09700 (Risk: 70 pips) ### **Confirmation & Strategy** ✅ **50 EMA (Exponential Moving Average)**: Ensure price is reclaiming above the EMA after breakout. ✅ **Volume Increase**: Look for rising volume on breakout confirmation. ✅ **Retest**: A retest of the breakout level (1.09000) turning into support strengthens the trade. ✅ **Momentum Indicators**: RSI above 50 and MACD bullish crossover can support the move. ### **Risk Management (MM)** 🔹 Risk only **1-2%** of your capital per trade. 🔹 Adjust position size to maintain a controlled drawdown. 🔹 Avoid overleveraging to withstand potential pullbacks.
Long
by smarttradingstar
Visa: Bottom Already Established?Visa might have already reached the low of the magenta wave ; however, for now, we allow slightly more room for the downside. Nonetheless, once this interim correction has concluded, the price should proceed higher during the magenta wave and surpass the resistance at $366.34. We currently consider it 34% likely that the stock will break above this level to form a fresh high with the magenta wave alt. . But primarily, we view the regular wave as already complete.
NYSE:V
by MarketIntel
JPY/USD – Bullish Breakout After Falling Wedge!Let's take a deep dive into the JPY/USD price action and technical setup on the daily chart. The market has presented us with a falling wedge breakout, a strong bullish reversal signal. This pattern indicates a potential shift from the previous downtrend into an uptrend. 1️⃣ Falling Wedge Pattern – Bullish Reversal Signal The falling wedge is a classic bullish reversal pattern. It forms when price action makes lower highs and lower lows within two converging trendlines. The key characteristic of this pattern is the decreasing selling pressure, leading to a breakout to the upside. We observed a clear breakout from the wedge, indicating bullish momentum. Buyers have stepped in strongly, pushing prices above the resistance zone. This signals a potential trend reversal from bearish to bullish. 2️⃣ Breakout Confirmation & Key Levels Once the price broke above the wedge, it faced a crucial resistance zone (marked in blue on the chart). After breaking this level, it has now turned into support—a strong technical confirmation. Resistance Turned Support: The previous resistance is now acting as support, giving further confidence in the bullish move. Retest Expected: After breakouts, the price often comes back to retest support before continuing higher. If it holds, it’s a good entry opportunity. 3️⃣ Entry, Stop Loss & Take Profit Targets Based on the technical setup, here’s how we can approach this trade: 🔹 Entry: Ideal entry is around the current support zone after a successful retest. 🔹 Stop Loss: Placed below the support level at 0.006574 to minimize risk. 🔹 Take Profit (TP): The target price is set at 0.007126, aligning with the previous swing high. 4️⃣ Trade Outlook & Expected Movement If the price holds above support, we expect a bullish continuation towards the target. A minor pullback is possible before the next move higher. If the price breaks below the support zone, it may invalidate the bullish setup. 📌 Final Thoughts This setup is a high-probability bullish trade, backed by the falling wedge breakout and retest of a key level. However, always manage risk properly and wait for confirmation before entering the trade. What do you think? Do you see further upside, or is this a false breakout? Drop your thoughts below! 👇 #JPYUSD #ForexTrading #TechnicalAnalysis #TradingView #BullishBreakout #ChartPatterns
Long
by GoldMasterTrades
AUD/JPY Chart AnalysisAUD/JPY Chart Analysis **Key Patterns Identified:** 1. **Rectangle Pattern (Range-bound Market)** - The price traded within a horizontal range, forming a consolidation zone. - Two clear support touches at the bottom of the range (labeled as Bottom 1 and Bottom 2). - The price respected both support and resistance levels multiple times before breaking out. 2. **Double Bottom Formation** - A classic reversal pattern, signaling potential bullish momentum. - Bottom 1 and Bottom 2 indicate strong support, where buyers stepped in. - The breakout above the rectangle confirms the pattern, suggesting further upside potential. **Breakout Confirmation:** - The price successfully **broke out** above the rectangle's resistance. - Volume increased during the breakout, supporting bullish momentum. - Moving Averages (EMA 7, 21, and 50) are aligned bullishly, confirming the uptrend. **Target Projection:** - The expected target is measured based on the rectangle’s height. - The breakout suggests a potential move towards **97.00** as the next resistance zone. **Key Levels to Watch:** - **Support:** 94.50 (previous range support), 95.00 (psychological level). - **Resistance:** 96.00 (current price zone), 97.00 (breakout target). **Conclusion:** - **Bullish Bias:** Price action and technical indicators favor more upside. - **Watch for Retests:** A pullback to the breakout zone (around 95.00) could offer buying opportunities. - **Risk Management:** If price re-enters the rectangle, the breakout may fail, requiring reassessment.
Long
by elitetrader9090
Zscaler: BalancedZS has seen buyers and sellers largely balancing each other recently, preventing any significant moves in either direction. As a result, we continue to place the stock in a corrective rally as part of the magenta wave , with its high anticipated above the $259.61 resistance. However, if the price falls below the $153.70 support, the ongoing corrective structure will extend further, with the turquoise wave alt.X establishing a new low. This alternative scenario carries a 35% probability.
NASDAQ:ZS
by MarketIntel