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Gold (XAU/USD) Pullback – Key Support Levels to Watch"📈 Chart Pattern: Gold has been trading inside an ascending channel, showing a strong uptrend. However, the price has started to decline from resistance, signaling a potential correction. 🔹 Key Levels: Current Price: $3,036.77 Support Target: $2,980.48 - $2,978.25 (First key support level) Stronger Support: $2,829.63 (Major trendline support) 📊 Trading Plan: Short-term traders may look for a sell setup toward $2,980 if the price continues its pullback. Buyers should wait for support confirmation before entering long trades. If price breaks below $2,980, the next support to watch is around $2,829.63. ⚠️ Risk Management: A return above $3,050 could invalidate the bearish pullback scenario. If the price bounces from support, buyers could target new highs. 💡 Conclusion: Gold is currently experiencing a pullback after a strong uptrend. Watch key support zones for potential trade opportunities. 📉📊
OANDA:XAUUSDShort
by PIPsOptimizer
CHF/USD Bearish Reversal: Trendline Break Strong Sell-Off!his CHF/USD (Swiss Franc/U.S. Dollar) 1-hour chart showcases a bearish trading setup, signaling a potential downside move after a failed breakout at a key resistance level. Below is a comprehensive breakdown of the chart, highlighting key technical elements, potential trade setups, and risk management considerations. 1. Identified Chart Pattern – Cup & Handle (Failed Breakout) The chart initially formed a Cup and Handle pattern, a bullish continuation setup where: The rounded bottom (cup) indicated accumulation and a gradual shift in trend from bearish to bullish. The handle consolidation represented a minor pullback before a potential breakout. However, the pattern failed to hold its bullish momentum. Instead of continuing higher, the price was rejected at the resistance level (ATH – All-Time High), signaling a shift in sentiment. 2. Key Technical Levels Resistance Level + ATH (All-Time High) The price reached a significant resistance zone (marked in blue), aligning with an all-time high (ATH) level. Multiple rejections at this level indicate strong selling pressure, making it a potential distribution area where smart money is offloading positions. Support Level + Reversal Zone After rejection from the resistance, the price retraced to a critical support zone, previously acting as a demand area (buyers stepping in). A break below this level confirms bearish momentum, increasing the likelihood of further downside movement. Trendline Break – Bearish Confirmation The trendline (marked in black) represents the primary uptrend support that guided price movement. The break below this trendline signals a loss of bullish strength, increasing the probability of a trend reversal rather than a continuation. 3. Projected Price Movement – Bearish Scenario Given the trendline break and rejection from resistance, the chart suggests a bearish wave with the following expectations: A retest of the broken trendline and support zone before continuing downward. Lower highs and lower lows formation – confirming a new downtrend. A potential drop towards key downside targets (marked as TP1, TP2, and the final target). Take Profit (TP) Targets: ✅ TP1 (1.1128): A minor support level where price may find temporary buying interest. ✅ TP2 (1.1111): A more significant support area that previously acted as demand. ✅ Final Target (1.1035): The ultimate downside objective, aligning with a major support zone and historical price action levels. Stop-Loss Placement (SL): 📍 Above the broken trendline OR the recent swing high, ensuring protection against false breakouts or retracements. 4. Trade Execution & Risk Management Entry Strategy (For Short Positions) 🔹 Aggressive Entry: Enter short immediately after the support zone break. 🔹 Conservative Entry: Wait for a retest of the support-turned-resistance area for confirmation before shorting. Risk-Reward Ratio Consideration: A properly placed stop-loss above resistance ensures a favorable risk-to-reward ratio. Ideal ratio: 1:2 or better, meaning potential reward should be at least twice the risk. 5. Market Sentiment & Possible Alternative Scenario While the primary outlook is bearish, traders must remain flexible and monitor price action closely: If price reclaims the support zone and breaks above resistance, it invalidates the bearish setup, shifting momentum back to bullish. A sustained close above the trendline could trap early sellers, leading to a short squeeze rally back toward resistance. 6. Final Thoughts 🔹 Bearish Bias: This setup favors downside movement due to trendline break, resistance rejection, and market structure shift. 🔹 Key Levels to Watch: Support zone retest, trendline confirmation, and target levels. 🔹 Risk Management is Essential: Using stop-loss protection and proper trade sizing to mitigate potential losses. Conclusion: High-Probability Bearish Setup 🚀 The CHF/USD pair has shifted to a bearish structure after failing to break its ATH resistance. The breakdown of the trendline and key support level suggests a strong sell-off towards the 1.1035 target. Traders should look for short opportunities on pullbacks while managing risk effectively. Would you like me to refine or simplify any part of this analysis for your TradingView post? 📉🔥
Short
by GoldMasterTrades
JPY/USD Breakout from Falling Channel – Bullish Trading SetupOverview of the Chart: The Japanese Yen (JPY) against the U.S. Dollar (USD) 1-hour chart showcases a well-defined market structure, transitioning from a downtrend within a falling channel to a breakout with bullish momentum. The chart highlights critical support and resistance levels, a confirmed breakout, and a forecasted price movement that could indicate further bullish continuation. This analysis will break down the chart patterns, technical indicators, and potential trade setups, providing a professional outlook on price action behavior. Technical Breakdown of the Chart 1. Falling Channel Pattern – Downtrend Phase The price had been trading within a descending channel, marked by two parallel trendlines (blue lines), indicating a controlled downtrend. A falling channel is a bullish reversal pattern, as it signals that bearish momentum is weakening. Within the channel, price action consistently created lower highs and lower lows, adhering to the structure of the pattern. The red dashed trendline inside the channel acted as a dynamic resistance, rejecting price movements multiple times before the breakout. 📌 Key Observation: The falling channel pattern suggests accumulation, where selling pressure gradually diminishes, paving the way for a bullish reversal. 2. Support Zone & Bullish Breakout The price eventually reached a strong horizontal support level (highlighted blue zone at the bottom), which acted as a critical demand area. This support level had previously led to strong rebounds, making it a significant zone for potential reversals. Bullish breakout confirmation: A strong bullish candle closed above the upper boundary of the channel, breaking the trendline resistance. The breakout suggests a shift in market structure from a downtrend to an uptrend, as buyers regained control. The price has now moved above the previous resistance, confirming the bullish momentum. 📌 Key Takeaway: The breakout is a strong signal that sellers have lost control, and a potential bullish trend could emerge. 3. Resistance Zone – Key Barrier for Buyers The next area of interest is the resistance level (highlighted in a blue rectangular zone). This level has historically acted as a strong supply zone, where price previously struggled to break through. If the price manages to sustain above this level, it would confirm bullish continuation toward higher price targets. 📌 Technical View: If buyers break past this resistance, it could lead to a strong bullish rally, reinforcing the new uptrend. 4. Target Projection & Forecasted Price Movement The chart outlines a forecasted bullish path using a zigzag projection (black lines). Here’s the expected price action: Short-Term Movement: Price might face temporary resistance near the blue resistance zone. A minor pullback or consolidation in this area is expected before further movement. Retest of Support: If price pulls back, it could retest the broken channel resistance or the support zone. A successful retest and bounce would validate the strength of the breakout. Bullish Continuation: If the resistance zone is broken, price is likely to continue toward the target level of 0.006842, a previous swing high. This level acts as the final upside target based on historical resistance levels. 📌 Key Insight: The market structure suggests that price will follow a higher-high, higher-low pattern, which is characteristic of an uptrend.
Long
by GoldMasterTrades
EURJPY 4H | Bullish Breakout & Retest – Next Big Move?The EUR/JPY 4-hour chart presents a compelling bullish breakout setup following a structured downtrend. The market recently broke through a significant resistance zone, indicating potential further upside movement. This analysis outlines key price levels, market structure, and an actionable trading plan. 📊 Market Structure Overview 🔸 Downtrend Reversal: The price was previously trading within a descending channel (highlighted in green), forming lower highs and lower lows. 🔸 Support Confirmation : The price bounced from a strong support zone around 158.500 - 160.000, confirming buyers' interest in this region. 🔸 Breakout & Retest : A strong bullish impulse broke through the 164.500 - 165.000 resistance zone, suggesting a shift in market sentiment. 📌 Key Trading Levels 🔹 Support Zone: 158.500 - 160.000 This area previously acted as a demand zone where buyers aggressively pushed the price higher. It now serves as a safety net for long positions. 🔹 Resistance Zone (Now Potential Support): 164.500 - 165.000 Price has broken above this level, but a retest could provide an ideal entry for confirmation. 🔹 Next Major Resistance (Target Levels): TP1: 165.000 → A psychological level and previous resistance. TP2: 166.020 → A higher resistance zone where price may struggle to break through. 📈 Trading Plan – Long Setup ✅ Entry Confirmation: Wait for price to pull back to the 164.500 - 165.000 zone. Look for bullish candlestick patterns (e.g., pin bars, engulfing candles) to confirm buyers stepping in. 🎯 Take Profit Targets: TP1: 165.000 (Initial resistance level) TP2: 166.020 (Potential extended bullish move) 🛑 Stop Loss Strategy: Below 160.038 (Previous structure low & key support level) Ensures protection against potential fakeouts or trend reversals. 📢 Risk-Reward Ratio: Aiming for 2:1 or better risk-reward ratio for an optimal trade setup. 📝 Market Outlook & Conclusion 📌 The recent breakout above resistance suggests bullish momentum is strong. However, traders should be patient and wait for a pullback to enter at a better risk-reward level. If price successfully retests and holds above 164.500, there is a high probability of continuation towards 166.020. 🚀 Trading Bias: Bullish – Until market structure shifts or a major rejection occurs at resistance. 📢 Final Trading Tip 🔹 Patience is key! Don’t rush into a trade immediately after a breakout. Wait for confirmation, as false breakouts are common in volatile markets. A successful retest of the broken resistance will provide a low-risk, high-reward entry opportunity.
Long
by GoldMasterTrades
CHF/USD Trading Idea – Bearish Reversal from Key ResistanceThis CHF/USD chart presents a compelling bearish setup, suggesting that the pair may be headed for a decline after facing strong resistance. The price action has followed a technical breakout and retest pattern, with a clear rejection from a well-defined resistance level. Traders looking for short-selling opportunities should take note of the key price zones, support levels, and overall market structure before making a move. Let’s break it down in detail. 🔍 Chart Breakdown: What’s Happening? 1️⃣ Falling Wedge Breakout & Bullish Push The price was consolidating inside a falling wedge, a pattern that typically signals an eventual breakout to the upside. The breakout led to a strong bullish move, pushing the price toward a well-established resistance zone around 1.1414. After breaking out, the pair made a significant upward run before stalling at this key resistance. 2️⃣ Key Resistance Level Holding Strong The price touched the resistance zone but failed to break above it. This rejection indicates that sellers are stepping in, absorbing the buying pressure. The market is showing early signs of bearish momentum, hinting at a potential downtrend. 3️⃣ Projected Bearish Move: Lower Targets in Sight If the current rejection holds, the price is likely to fall toward the nearest support levels: ✅ TP 1 (Take Profit 1): 1.1271 → First major support level, likely to be tested soon. ✅ TP 2 (Take Profit 2): 1.1201 → A deeper retracement if selling pressure increases. ✅ TP 3 (Take Profit 3): 1.1055 → Final downside target if the bearish trend extends further. 4️⃣ Stop Loss Placement – Risk Management To manage risk, the ideal stop loss should be placed slightly above the resistance level at 1.1414. This protects against potential false breakouts and unexpected market shifts. 📉 Trade Strategy – How to Approach This Setup? 🔸 Entry Point: Look for a confirmed rejection of the resistance level (e.g., bearish candlestick patterns like engulfing, shooting star, or pin bars). 🔸 Stop Loss: Place above 1.1414 to avoid getting caught in a short squeeze. 🔸 Take Profit Targets: First TP at 1.1271 Second TP at 1.1201 Final TP at 1.1055 for extended downside moves ⚠️ Important Notes for Traders: ✔ Wait for Confirmation: Don’t rush into a short trade. Look for a strong bearish candle closure or a retest before entering. ✔ Be Aware of News Events: Economic releases, interest rate decisions, and major USD-related news can impact price movement. ✔ Monitor Market Sentiment: If USD strengthens, this setup is even more likely to play out. 🧐 Final Thoughts – High Probability Short Setup? ✅ Why This Trade Looks Strong: The technical pattern is playing out perfectly, with a clear resistance rejection. The risk-to-reward ratio is favorable, with well-defined entry, stop loss, and take profit levels. The overall market structure supports a potential downside move if price continues respecting resistance. 📢 Bottom Line : If price remains below the 1.1414 resistance, this trade setup could provide an excellent opportunity for short-sellers targeting lower support levels. 🚀 Stay patient and wait for confirmation before pulling the trigger!
Short
by GoldMasterTrades
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
GBP/USD - 4H Chart Analysis & Trade Setup Market Overview: GBP/USD has been in an uptrend, forming a rising channel structure. The price is now testing a resistance zone, potentially indicating a reversal. Technical Analysis: Trend: Bullish (but approaching key resistance) Resistance Level: 1.29720 - 1.30000 (Highlighted Zone) Support Level: 1.24906 (Potential target) Stop Loss: 1.30970 (Above resistance) Pattern: Rising Channel Breakout Setup Trade Idea (Short Setup): 🔴 Sell Entry: Near 1.29720 (Resistance rejection confirmation) ✅ Target: 1.24906 (Major support zone) ⛔ Stop Loss: 1.30970 (Above resistance to avoid fakeouts) Conclusion: GBP/USD is testing key resistance and may face bearish rejection. A break below the channel confirms bearish momentum towards 1.24906. Traders may consider short positions with a defined risk-reward setup. 📉 Bearish bias unless price breaks above resistance.
Short
by ForexOptimizer
1
What is a BULL Flag Charting Pattern and How to draw it? 1/8This is video 1/8 of this series of BULLISH Chart Patterns. A bull flag is a continuation pattern that appears in a strong uptrend, signaling that the prevailing upward trend may continue. Here's how it looks: Flag Pole: A sharp, steep rise in price forms the flag pole. Flag: A period of consolidation with lower highs and lower lows, forming a flag that slopes against the prevailing uptrend. Breakout: A strong move upwards out of the flag, confirming the continuation of the uptrend. The bull flag pattern is popular among traders because it provides clear entry and exit points and is relatively easy to identify. It's a great indicator for momentum traders looking to capitalize on the continuation of a bullish trend. Like l Follow l Share Stay tuned for the other 7 BULLISH CHARTING PATTERNS
NASDAQ:GOOGEducation
by RonnieV29
14
🔥Ethereum's Tightrope: Will the Bear Flag Break? 📉 Levels 👀 🐻 Bear Flag Formation: The chart shows a bear flag pattern, outlined by yellow lines, suggesting a potential continuation of the downward trend after the consolidation. Watch for a price rejection at the upper trendline of the bear flag before a possible move down. 📐 Fibonacci Retracement Levels: Critical Fibonacci zones are plotted: The 38.2% level at about $3,307 could be the first resistance test. The golden ratio at 61.8% retracement, $2,823, is likely to offer considerable resistance. The 100% retracement at $2,039, marking a full return to the start of the price move, might serve as a strong support in a sustained downtrend. 🔵 Resistance Levels: The 'Shibunacci' blue lines indicate potential resistance points, with the highest at $4,451 signaling a significant barrier. 🔴 Support Levels: Marked levels hint at possible support zones, with the bottom level at $1,521 suggesting a pivotal area for bears. 📈 Price Action: Ethereum’s movement within the bear flag and around these key levels will be critical to monitor. 🔄 Indicator Analysis: 'Shibunacci' uses pivots to visualize support and resistance, and price crossing these trendlines could indicate breakouts or breakdowns. 🔮 Potential Outcomes: A break above the bear flag and past $4,451 might change the trend narrative, while a rejection and a drop through supports would confirm the bearish sentiment. 🕵️‍♂️ In essence, the 'Shibunacci' provides a mathematical approach to market pivot points. The bear flag points to a possible downtrend continuation, but price action near Fibonacci levels and resistance/support will offer clearer signals. Traders should also consider volume and other indicators for confirmation. 🛑 For a short, a stop loss could be considered just above the bear flag pattern or the nearest 'Shibunacci' resistance level to minimize potential loss if the trend reverses. 🚀 If the price climbs above $3,600, scalping opportunities may arise, taking advantage of smaller upward price movements while maintaining tight stop losses to protect against sudden declines.
INDEX:ETHUSDShort
by Shibunacci