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Falling Wedge

S/USDT: FALLING WEDGE BREAKOUT!! 🚀 Hey Traders! SONIC Breakout Alert – ATH Incoming? 👀🔥 If you’re excited for this setup, smash that 👍 and hit Follow for premium trade ideas that actually deliver! 💹🔥 🔥 SONIC/USDT – Breakout & Retest in Play! 🚀 SONIC is breaking out of a falling wedge on the 4H timeframe and is currently retesting the breakout level. With momentum building, we’re expecting a move toward ATH soon. 💰 Trade Setup: 📍 Entry: CMP, add more up to $0.50 🎯 Targets: $0.56 / $0.62 / $0.69 / $0.78 / $0.85 / $0.96 🛑 Stop-Loss: $0.46 ⚡ Leverage: Low (Max 5x) 🔎 Strategy: Enter with low leverage now Add more on dips and ride the wave higher 💬 What’s Your Take? Are you bullish on SONIC’s breakout? Share your analysis, predictions, and strategies in the comments! Let’s lock in those gains and ride this pump together! 💰🚀🔥
Long
by CoreCrypto1
3
EUR/JPY Breakdown: Falling Wedge Breakout & Bullish SetupThe EUR/JPY 4-hour chart is presenting a well-structured price action setup, featuring a falling wedge breakout, a strong bullish trendline, and key resistance and support levels. This detailed analysis will walk through each aspect of the chart to provide a professional trading perspective. 1. Market Context & Price Action Overview At the beginning of the chart, EUR/JPY was experiencing a downtrend, characterized by a series of lower highs and lower lows, forming a falling wedge pattern. This pattern is typically a bullish reversal signal, indicating that sellers are losing strength and buyers may take control. Once the price reached a key support zone near 156.08, it bounced, leading to a breakout of the falling wedge. Since the breakout, the price has been moving in a bullish trend, forming higher highs and higher lows, respecting an ascending trendline. 2. Technical Patterns & Key Levels 🔹 Falling Wedge Pattern – Bullish Breakout The falling wedge is identified by two converging trendlines sloping downward. It indicates that bearish momentum is weakening as price compresses. A breakout above the upper wedge line confirmed the shift in trend direction. The breakout candle had strong bullish momentum, suggesting increased buyer interest. 🔹 Support and Resistance Levels 📉 Major Support Level (~156.08): This level acted as a demand zone, where buyers aggressively stepped in. The price formed multiple rejections at this level before breaking upwards. A stop-loss placement below this level is ideal for bullish trades. 📈 Resistance Level (~163.50 - 164.00): This zone has been tested multiple times as price approaches from below. A break and retest of this resistance would confirm further bullish momentum. If price faces strong rejection, a short-term pullback to the trendline may occur. 🎯 Final Target (~166.79): This is the next major resistance level, aligning with previous swing highs. It serves as a strong take-profit (TP) level for long positions. If price reaches this level, we may see a consolidation phase or possible reversal. 3. Trend Analysis & Market Structure 📈 Bullish Trendline: The price has been respecting an ascending trendline, acting as dynamic support. This trendline connects higher lows, confirming a strong bullish trend. As long as price stays above this line, buyers remain in control. 📊 Market Structure: Since breaking out from the falling wedge, the price is forming a classic bullish structure of higher highs and higher lows. This indicates sustained buyer pressure and a potential continuation toward resistance levels. 4. Trading Setup & Risk Management 📌 Entry Strategy: Aggressive Entry: After the wedge breakout with a tight stop-loss. Conservative Entry: Wait for a pullback to the trendline support or a break and retest of resistance at 163.50 - 164.00. 🔻 Stop Loss Placement: Below 156.08 (previous support zone) to protect against trend invalidation. Alternatively, below the rising trendline for a dynamic SL approach. 🎯 Take Profit Targets: TP1: 163.50 - 164.00 resistance zone (Partial profits). TP2: 166.79 final target, aligning with historical resistance. 5. Market Outlook & Potential Scenarios ✅ Bullish Scenario (High Probability) If price holds above the trendline and breaks 163.50 - 164.00, we expect a continuation towards 166.79. The structure remains intact as long as higher highs and higher lows persist. ❌ Bearish Scenario (Low Probability, but Possible) If price fails at resistance and breaks below the trendline, it could signal a deeper retracement. A break below 156.08 would completely invalidate the bullish setup, leading to a potential downtrend. 6. Summary & Key Takeaways Trend Bias: Bullish, supported by a falling wedge breakout and higher highs. Key Levels: Support at 156.08, resistance at 163.50 - 164.00, final target at 166.79. Trading Strategy: Buy on retests of trendline or resistance breakouts. Risk Management: Use dynamic stop-loss levels to minimize downside exposure. 🔹 Final Verdict: If price remains above support and successfully breaks 163.50 - 164.00, a strong move toward 166.79 is expected. However, traders should remain cautious of trendline breakdowns and manage risk accordingly. 📊 Stay disciplined, follow your trading plan, and always use stop-loss protection! 🚀 #EURJPY #Forex #TradingStrategy #PriceAction
Long
by GoldMasterTrades
GOLD → Price returns to the channel to form a bullish structureFX:XAUUSD is completing a correction, breaking channel resistance and consolidating above the downtrend line. Traders are waiting for economic data and tariff war actions Trump confirmed plans to impose retaliatory tariffs on April 2, limiting exemptions. The new duties have raised fears for the U.S. economy, which has weakened the dollar and boosted demand for gold.Markets are also keeping an eye on talks between the U.S., Ukraine and Russia.Focus is also on US durable goods orders data - a strong reading could cool expectations of a Fed rate cut, limiting gold's gains Resistance levels: 3033, 3045, 3056 Support levels: 3013, 3004 Gold may test the support zone before rising further. The focus is on the current consolidation 3033 - 3013. A key resistance is formed ahead, a breakdown of this zone may provoke a continuation of growth to 3045 - 3056. Regards R. Linda!
FX:XAUUSDLong
by RLinda
1
IPUSDT → Exit from the triangle may trigger a distribution ofBINANCE:IPUSDT.P is forming positive preconditions for possible growth. Bitcoin slightly revitalized the market after positive news related to SEC and XRP (the crypto community did not miss this fact) The IP coin was in consolidation for a long time - a symmetrical triangle. Rising lows, consolidation, breakout of triangle resistance give positive signs of readiness for distribution (realization of consolidation). Ahead is the key resistance at 5.6297 separating the market from the free zone Resistance levels: 5.6297, 6.631 Support levels: 5.116, 4.783 Price has been sticking to triangle resistance for the past few days and is gaining potential for breakout and realization. Numerous intraday retests of the area indicate the market's interest to break beyond this zone. A breakout of 5.6297 and price consolidation above the triangle will be a good signal of readiness to go up. Regards R. Linda!
Long
by RLinda
2
EUR/USD 1H Chart Analysis – Falling Wedge Breakout StrategyOverview of the Chart The EUR/USD 1-hour chart is forming a falling wedge pattern, which is a bullish reversal setup. This indicates that although the price has been trending downward, the selling pressure is weakening, and a breakout to the upside is becoming more likely. Currently, the price has broken above the wedge, signaling potential trend reversal. However, traders should watch for a retest of the breakout level to confirm whether the price holds above the resistance-turned-support area before further upward movement. Key Components of the Chart 1️⃣ Falling Wedge Pattern (Bullish Reversal Signal) A falling wedge consists of two downward-sloping trendlines that converge, showing a narrowing price range. This pattern is formed when: The price makes lower highs and lower lows, indicating a downtrend. The slope of the lower trendline is less steep than the upper one, meaning sellers are losing momentum. Eventually, the price breaks out above the upper trendline, confirming a bullish reversal. 2️⃣ Support & Resistance Levels ✅ Support Zone (Key Demand Area) The price recently tested a strong support level (highlighted in beige), where buyers aggressively entered the market. This level has held multiple times, indicating that buyers are stepping in whenever the price reaches this zone. The green upward arrow suggests that this is a key accumulation area, where demand is stronger than supply. 🚫 Resistance Zone (Profit Target) The resistance zone near 1.09450 is the first major target for bulls. Historically, price action has struggled to break through this level, making it a logical place to take profits. 3️⃣ Breakout Confirmation & Retest The price has successfully broken out above the falling wedge, which is a strong buy signal. However, a retest of the breakout level (marked by the yellow circle) might occur before further bullish continuation. If the price retests and holds above the previous resistance (now support), this will confirm the breakout and provide an additional buying opportunity. Trade Execution Strategy 📌 Entry Point: Enter a long trade after the breakout confirmation. For conservative traders, waiting for a successful retest before entering can reduce risk. 📌 Stop-Loss Placement: Place a stop loss just below the recent swing low at 1.07541 to limit downside risk. This ensures that if the breakout fails, the trade is exited with minimal loss. 📌 Profit Target: The first take-profit target is at 1.09450, the key resistance level. If bullish momentum continues, traders can look for higher targets based on price action. 📌 Risk-to-Reward Ratio: This setup provides a favorable risk-to-reward ratio, meaning that potential profits outweigh the risk taken on the trade. Technical Indicators Supporting the Trade 📈 Trend Reversal Signals The market has been in a downtrend, but the falling wedge signals a potential reversal. A higher low after the breakout would further confirm the uptrend. 📊 Volume Confirmation Ideally, a breakout should be accompanied by increased volume, showing strong buying pressure. If volume is low, a false breakout could occur, requiring careful trade management. 🔍 Retest & Price Action A retest of the breakout level should hold above the wedge to confirm bullish momentum. If the price fails to hold and falls back below, the breakout may have been a fakeout, meaning traders should exit or wait for re-entry. Risk Management & Trade Considerations Always use a stop-loss to manage risk. If the price fails to stay above the breakout level, consider exiting early. Watch for external market factors such as news events or economic data releases, which can impact EUR/USD volatility. Conclusion: Bullish Momentum is Building 🚀 This falling wedge breakout on the EUR/USD chart provides a high-probability long trade setup. As long as price holds above the breakout level, bullish continuation toward 1.09450 is expected. Traders should monitor price action carefully and adjust their positions accordingly to maximize gains while managing risks.
Long
by GoldMasterTrades
Trade long Setup Based on Falling Wedge Breakout Trade Setup Based on Falling Wedge Breakout Entry: Price: 1.07992 (current breakout level) Confirmation: Breakout from the falling wedge, supported by EMA alignment Stop Loss (SL): Technical SL: Below recent swing low Levels: 1.07392 (60 pips below entry) 1.0720 (below key support for extra safety) Target Price (TP): Approx. 1.09300 (measured move from wedge breakout) Risk-to-Reward: ~1:2.5 1. RSI (Relative Strength Index) If RSI is below 30, the market is oversold, increasing the chances of a bullish reversal. If RSI is above 50 after the breakout, it confirms bullish momentum. 2. Fibonacci Retracement Levels Measuring from the previous swing high to swing low, key levels to watch: 38.2% (1.0850) – First resistance 50% (1.0875) – Stronger confirmation
Long
by TradingStar090
EUR/USD Falling Wedge Breakout – Professional Chart AnalysisOverview of the Chart The EUR/USD 1-hour chart presents a bullish trading setup, featuring a well-defined falling wedge pattern, a trendline breakout, and a retest phase, signaling a potential upward move. The chart is marked with key technical elements such as support and resistance zones, breakout confirmation, and risk management parameters. This analysis will break down each component of the chart, explaining the logic behind the setup and how traders can approach this opportunity. 1. Identified Chart Patterns Falling Wedge Formation (Bullish Reversal Signal) The price action formed a falling wedge, characterized by lower highs and lower lows, creating a narrowing price channel. This pattern is typically a bullish reversal structure, as it indicates weakening selling pressure before an expected breakout. The wedge’s downward movement ended with a strong breakout to the upside, signaling buyers regaining control. 2. Key Technical Levels Support & Resistance Zones Support Level (Buyers’ Stronghold) The horizontal support level is a price area where buyers have previously stepped in, preventing further declines. This level has been tested multiple times, reinforcing its strength as a key demand zone. Resistance Zone (Profit Target Area) The highlighted resistance zone represents a supply area where the price has struggled to move past in previous sessions. The target price level aligns with this resistance, making it a realistic profit target for the long position. 3. Trendline Breakout Confirmation Before forming the wedge, the chart shows an uptrend with a breakout above a trendline. This trendline breakout was an early signal of bullish strength, aligning with the later wedge breakout. After the breakout, the price came back for a retest, which is a key confirmation before further upward movement. 4. Retesting Phase Before the Upward Move After breaking out of the wedge, the price returned to the breakout level to confirm support. Retesting is a crucial validation step—if the price holds above this level, it increases the probability of a continued bullish move. This retesting action provides a potential entry point for traders looking to go long. 5. Trade Setup & Risk Management Strategy Trade Entry: A buy entry is considered after the retest is confirmed (price holding above the breakout level). Stop Loss Placement (Risk Control): The stop loss is placed below the previous low at 1.07790, ensuring protection against fake breakouts or unexpected reversals. Take Profit Target (Projected Price Move): The target price is set at 1.09698, which aligns with previous resistance levels and the measured move from the wedge breakout. This provides a strong risk-to-reward ratio, making the setup favorable for bullish traders. 6. Risk-Reward Ratio & Trade Viability Risk: The distance between the entry point and the stop loss is relatively small, making it a low-risk trade. Reward: The potential upside move is significantly higher than the risk, creating a high reward-to-risk ratio trade. This type of technical confluence increases the probability of a successful trade, making it an attractive opportunity. 7. Conclusion & Trading Strategy 📌 Key Takeaways: ✅ The falling wedge breakout signals a bullish reversal. ✅ The trendline breakout and retest add further confirmation to the trade setup. ✅ The support and resistance zones provide a clear risk management strategy. ✅ The risk-reward ratio makes this an attractive long trade setup. 💡 Trading Plan: 🔹 Enter Long after retest confirmation above the breakout level. 🔹 Stop Loss: 1.07790 (below previous low). 🔹 Take Profit: 1.09698 (previous resistance zone). Final Thoughts This EUR/USD setup is a textbook example of a bullish reversal following a falling wedge breakout. Traders who patiently wait for a confirmed retest can capitalize on this high-probability trade setup, aiming for a strong bullish continuation. 🔹 Tags: #EURUSD #ForexTrading #TechnicalAnalysis #Breakout #PriceAction #TradingSetup #SupportResistance
Long
by GoldMasterTrades
Bitcoin (BTCUSD) Falling Wedge Breakout – Bullish Setup! 📌 Overview of the Chart Setup This daily Bitcoin (BTC/USD) chart presents a technical breakout from a falling wedge pattern, a well-known bullish reversal signal. The price has been forming lower highs and lower lows over the past months, consolidating within a tightening structure. However, the current price action suggests an early breakout attempt, which could lead to significant upside movement in the coming weeks. Let’s break down the key levels, technical insights, and trading opportunities visible in this chart. 📉 Chart Pattern: Falling Wedge (Bullish Reversal) 🔹 What is a Falling Wedge? A falling wedge is a bullish continuation or reversal pattern characterized by converging downward-sloping trendlines. It typically signals a loss of bearish momentum, leading to a breakout to the upside. 🔹 Key Observations in the Chart The price has been moving inside the falling wedge structure, with clear lower highs and lower lows. The support level around $75,000-$80,000 has been repeatedly tested, forming a strong demand zone. A trendline breakout has occurred, suggesting that bulls are regaining control over the price action. Volume is expected to increase upon a confirmed breakout, reinforcing the bullish momentum. 📊 Important Technical Levels 1️⃣ Support & Resistance Zones 📌 Support Level: The $75,000-$80,000 zone has acted as a strong base, preventing further downside. Buyers have stepped in multiple times here. 📌 Resistance Level: The $95,000-$100,000 range represents a historical resistance where price has struggled to break through. 2️⃣ Trendline Breakout The chart clearly shows a breakout above the falling wedge’s upper boundary, indicating a potential trend reversal from bearish to bullish. If this breakout holds, Bitcoin could see strong buying pressure pushing it toward its next major resistance level. 📈 Trading Strategy & Setup 🔹 Entry Confirmation To enter a long position, traders should wait for: ✅ A daily close above the wedge resistance (confirmed breakout). ✅ A successful retest of the breakout zone, which strengthens the bullish case. A breakout retest is ideal because it provides a lower-risk entry point, ensuring the breakout is legitimate rather than a false move. 🔹 Target Price Projection Using the height of the falling wedge as a projection, the potential price target is set at $118,000. This level aligns with a 35%+ upside from the breakout zone. Bitcoin must clear the $95,000-$100,000 resistance before reaching the final target. 🔹 Stop Loss Placement A stop loss is positioned at $59,896, slightly below the previous major support zone. This ensures that if the breakout fails, losses are minimized while still allowing price fluctuations within expected volatility. 🔹 Risk-to-Reward Ratio Entry around breakout level (~$87,000) Target: $118,000 (35% upside) Stop Loss: $59,896 (~30% downside) Risk-to-reward ratio: ~1:3, making this an attractive trade setup. 📢 Market Psychology & Sentiment Why This Pattern Matters? A falling wedge represents seller exhaustion. Over time, the bearish pressure weakens, leading to a bullish breakout. If Bitcoin can maintain this breakout, momentum traders and institutional investors may step in, accelerating the rally. Breaking above the resistance at $95K-$100K would confirm bullish dominance, potentially leading to new all-time highs. Potential Risks ❌ Fake Breakout: If Bitcoin fails to hold above the wedge resistance, we may see a pullback to support before another breakout attempt. ❌ Macro Factors: External factors like regulatory news, interest rate decisions, and market-wide sentiment could impact price action. ❌ Bitcoin Dominance: If altcoins start rallying, some capital may rotate out of Bitcoin, slowing the upside move. 🚀 Final Thoughts: A High-Probability Bullish Setup ✅ The falling wedge breakout suggests a strong bullish shift, with a 35%+ potential upside. ✅ A confirmed breakout above $95K-$100K will act as a final confirmation before the next leg up. ✅ Risk is managed with a stop loss at $59,896, ensuring downside protection. 🔹 Best trading approach? Wait for confirmation, manage risk, and let the trend develop. Would you like additional insights on entry techniques, volume confirmation, or potential invalidation points? 😊
BITSTAMP:BTCUSDLong
by GoldMasterTrades
EUR/JPY Chart Analysis - Falling Wedge Target with Bullish SetupThis EUR/JPY 1-hour chart reveals a well-defined falling wedge pattern, which is a bullish reversal formation. Additionally, we see key support and resistance levels, a double bottom, and a breakout potential that traders can use to plan an entry. Let’s dissect this chart in a professional and detailed manner to understand the trade setup and market psychology. 🔹 Market Trend & Structure Analysis The market was previously in an uptrend, making higher highs and higher lows, until it faced strong resistance at the 163.500 level. Upon reaching this zone, the price reversed downward, forming a series of lower highs and lower lows, which resulted in a falling wedge pattern. This downward movement was accompanied by a trendline break, signaling a shift in momentum. The price has since reached a strong support level and is showing signs of potential bullish reversal. 🔹 Key Technical Patterns & Indicators 1️⃣ Falling Wedge Pattern (Bullish Reversal Signal) A falling wedge is a pattern characterized by two downward-sloping trendlines that converge, indicating that selling pressure is weakening. This pattern is considered a bullish signal because: ✔️ The declining price movement shows exhaustion of sellers. ✔️ Volume typically decreases as the wedge forms, indicating a breakout is coming. ✔️ Once price breaks out of the wedge, a strong bullish move often follows. The key here is to wait for a breakout above the upper trendline, which will confirm the bullish momentum. 2️⃣ Double Bottom Formation at Support (Reversal Confirmation) The price tested the 160.500 support level twice, forming a double bottom pattern. This is another bullish sign, as it indicates: ✔️ Buyers are actively defending this level. ✔️ There’s strong demand around this price zone. ✔️ If price breaks above the wedge resistance, it could trigger a significant rally. 🔹 Key Support & Resistance Levels Identifying support and resistance is crucial for defining entry and exit points. ✅ Support Levels: 160.500 – Strong horizontal support (Price tested this twice). 158.982 – Stop-loss level (Below this, the bullish setup is invalid). ✅ Resistance Levels: 163.500 – Major resistance (Previous high and supply zone). 165.090 – Final target (Key breakout level). If the price successfully breaks out of the wedge, it has room to rise significantly, with 163.500 as the first target and 165.090 as the ultimate goal. 🔹 Trade Setup & Execution Plan 🎯 Bullish Breakout Trade Strategy Since this setup signals a potential reversal, here’s how traders can execute a high-probability trade: 🔹 Entry Points: ✅ Aggressive Entry: Enter as soon as price breaks above the wedge resistance. ✅ Conservative Entry: Wait for a breakout and a retest of the resistance-turned-support before entering. 🔹 Target Levels: 🎯 First target: 163.500 (Previous resistance level). 🎯 Final target: 165.090 (Major resistance zone). 🔹 Stop-Loss Placement: ❌ Place the stop loss below 158.982, as a break below this level would invalidate the bullish setup. 🔹 Risk-Reward Ratio & Trade Justification 📈 Why This Trade Has a High Potential Reward? Low-risk, high-reward: The stop loss is tight, while the upside potential is large. Confluence of bullish signals: Falling wedge + Double bottom + Strong support. Institutional interest likely: Buyers are stepping in at key levels. A proper risk-to-reward ratio (RRR) for this trade would be at least 1:3, meaning for every 1% risk, there’s a 3% profit potential. This makes it a great swing trading setup. 🔹 Market Psychology Behind the Setup The falling wedge represents a market correction after a strong bullish trend. The double bottom shows that sellers are exhausted and buyers are gaining control. If price breaks out, many traders will enter, triggering a strong upward rally. This bullish breakout setup aligns with the smart money concept, where institutions accumulate positions before a big move. 🔹 Final Thoughts & Trade Outlook This EUR/JPY setup presents a high-probability trade opportunity with a bullish breakout scenario. The combination of: ✅ Falling Wedge Pattern (Bullish reversal) ✅ Double Bottom at Support (Buyers stepping in) ✅ Key Resistance Targets (Clear trade exit points) …creates a great trading setup. 📌 Trading Plan Summary: ✔️ Buy on breakout above the falling wedge. ✔️ Target 163.500 & 165.090 for profits. ✔️ Stop-loss below 158.982 for risk management. 🚀 If executed correctly, this trade has the potential for strong bullish momentum. Would you like a real-time update once the price confirms the breakout? Let’s keep an eye on this trade! 📊🔥
Long
by GoldMasterTrades
EUR/USD Trading Analysis – Falling Wedge Breakout StrategyChart Overview The EUR/USD 1-hour chart presents a classic falling wedge pattern, which is a bullish reversal setup indicating that selling momentum is weakening and a breakout to the upside is imminent. This chart provides a structured trading plan, highlighting support and resistance levels, entry points, stop-loss placement, and a target price. Traders can use this setup to capitalize on the potential bullish move while effectively managing risk. Let’s break it down step by step. 1. Understanding the Falling Wedge Pattern A falling wedge is formed when price action moves within two downward-sloping trendlines that converge. It signals decreasing bearish pressure, as the price forms lower highs and lower lows within a narrowing range. The decreasing range indicates that sellers are losing control, and an upside breakout is likely. In this chart, we observe the following key characteristics of a falling wedge: ✅ Two converging downward trendlines that contain price movement. ✅ Lower highs and lower lows showing seller exhaustion. ✅ Decreasing volume as the price approaches the breakout zone. ✅ Support near 1.08000, which has held price several times before. A breakout above the wedge signals a shift from bearish to bullish sentiment, making this a strong trade setup. 2. Key Support & Resistance Levels 🔹 Support Level (Demand Zone) The horizontal blue zone at 1.07898 – 1.08000 is a critical support level. This level has been tested multiple times, making it a strong demand zone where buyers step in. The falling wedge bottom aligns with this area, reinforcing its importance. If price stays above this zone, it confirms the potential for a bullish breakout. 🔹 Resistance Level (Supply Zone) The resistance zone at 1.09300 - 1.09839 has acted as a barrier to upward movement. Price previously reversed from this zone, making it a logical take-profit area. If the breakout happens, this level will be tested again. A break above 1.09839 would signal further bullish momentum. 3. Trading Strategy – Step-by-Step Execution 📌 Entry Confirmation To enter this trade with confidence, traders should wait for a confirmed breakout above the wedge. A strong bullish candle breaking above the wedge’s upper trendline signals entry. Ideally, a pullback and retest of the breakout level would provide additional confirmation before entering long. 📌 Stop-Loss Placement Risk management is key, and stop-loss placement should be strategic to avoid unnecessary losses. A stop-loss is set just below 1.07898, slightly under the recent low. This placement ensures protection against false breakouts. 📌 Take-Profit Target The take-profit target is set at 1.09839, aligning with key resistance and the projected wedge breakout distance. This level has historically acted as resistance, making it an ideal zone to exit profits. Partial profit-taking can be considered near 1.09300, before the final target. 📌 Risk-to-Reward Ratio With a tight stop-loss and a higher profit target, this trade offers a favorable risk-reward ratio (RRR). A minimum RRR of 1:3 is recommended, meaning potential reward is three times the risk taken. 4. Expected Market Behavior & Possible Scenarios 📊 Scenario 1: Bullish Breakout Confirmation 🚀 If price breaks and closes above the wedge, we expect a rally towards 1.09300 - 1.09839. Pullback to retest the breakout zone would further confirm bullish strength. Strong volume would validate the breakout, leading to a high-probability move. 📉 Scenario 2: Bearish Breakdown (Invalidation) ❌ If price breaks below 1.07898, the bullish setup is invalidated. A downside move could push the price lower, possibly towards 1.07500 or below. Traders should exit long positions if this scenario unfolds. 5. Additional Technical Indicators for Confirmation To strengthen this trade setup, traders can use: ✅ RSI (Relative Strength Index) – Look for RSI divergence or a move above 50, confirming bullish strength. ✅ MACD (Moving Average Convergence Divergence) – A bullish crossover on MACD would reinforce the breakout. ✅ Volume Analysis – A spike in volume at the breakout level adds confidence in the move. 6. Conclusion & Trading Plan This falling wedge setup suggests a high-probability bullish breakout if the price confirms above the resistance zone. 🔹 Trading Plan Summary: ✅ Wait for a breakout above the wedge before entering. ✅ Confirm breakout with a retest or strong bullish candle. ✅ Set stop-loss below 1.07898 to limit downside risk. ✅ Take profit at 1.09839, securing profits at resistance. This strategy offers an excellent risk-to-reward ratio, making it a well-structured trade setup. Always manage risk and avoid premature entries without confirmation. 📌 TradingView Tags for Maximum Visibility #EURUSD #Forex #TechnicalAnalysis #FallingWedge #Breakout #PriceAction #ForexSignals #SupportResistance #TradingSetup #DayTrading #SwingTrading
Long
by GoldMasterTrades
EUR/JPY Trading Setup – Falling Wedge Breakout Potential1. Overview of the Market Structure The EUR/JPY daily chart presents a falling wedge pattern, which is a classic bullish reversal setup. This pattern has been forming for several months, indicating that the price has been consolidating within a narrowing range. The falling wedge typically suggests that selling pressure is weakening, and a potential breakout to the upside could follow. The chart also highlights key support and resistance zones, along with a well-defined trading setup based on technical confluences. 2. Key Technical Levels Support Level: ~ 155.819 (Marked as Stop Loss) This level has acted as strong support multiple times. A break below this level would invalidate the bullish bias. Resistance Level: ~ 163-164 The price has previously struggled to break above this region. Currently, it is retesting this level after a breakout attempt. Target Levels: 175.246 – This aligns with a previous all-time high zone and a strong resistance level. 179.562 – Marked as the ultimate target, indicating a full breakout potential. 3. Falling Wedge Formation & Breakout Analysis A falling wedge is a bullish pattern that indicates a decrease in selling pressure over time. The price has tested the lower trendline multiple times, showing strong demand at support. Recently, the price broke above the upper wedge trendline, suggesting that a breakout is in progress. However, the breakout needs confirmation in the form of a successful retest at the previous resistance level (~163-164). 4. Retest Confirmation & Trade Setup Retest Scenario: If the price holds above the previous resistance and confirms it as support, the probability of continuation towards 175-179 increases. Entry Strategy: A buy entry can be considered after a successful retest with bullish price action confirmation. Stop-Loss Placement: Below 155.819 (previous strong support). Risk-Reward Ratio: The target offers a strong risk-reward ratio if the breakout holds. 5. Market Sentiment & Volume Analysis The previous downward move showed declining bearish momentum, further confirming the validity of the falling wedge. A volume increase on the breakout would provide additional confirmation. If the price consolidates near the breakout zone with low volatility, a strong move upward could follow. Final Conclusion: Bullish Breakout in Progress The falling wedge breakout suggests that EUR/JPY is poised for further upside. A successful retest at 163-164 could push the price towards 175.246 and ultimately 179.562. Risk management is crucial, and a stop-loss below 155.819 is recommended to avoid invalidation of the setup. This setup presents a high-probability trading opportunity, but confirmation through price action and volume analysis remains key. Key Trading Plan Summary: 📌 Pattern: Falling Wedge (Bullish) 📌 Breakout Confirmation: Yes, but retesting is ongoing 📌 Entry Point: Above 163-164 after successful retest 📌 Stop Loss: Below 155.819 📌 Target Levels: 175.246, then 179.562 📌 Risk-Reward: Favorable if breakout sustains Would you like any refinements or a more concise version for your TradingView post? 🚀📈
Long
by GoldMasterTrades
JPY/USD Trading Setup – Falling Wedge Breakout & Bullish MoveThe JPY/USD 1-hour chart is displaying a well-defined falling wedge pattern, which is typically a bullish reversal setup. This pattern forms as price action moves within converging trendlines, indicating that selling pressure is gradually weakening. The breakout from this pattern signals a potential trend reversal, and the price may be heading toward key resistance zones and an eventual bullish target. This analysis will break down the chart structure, market psychology, key levels, and a trading setup to help traders make an informed decision. 1. Understanding the Falling Wedge Pattern The falling wedge is a common price action pattern characterized by: 🔹 Lower highs and lower lows forming within two downward-sloping trendlines. 🔹 Decreasing volume, indicating that sellers are losing momentum. 🔹 A breakout above the upper trendline, confirming a shift in trend and signaling the start of bullish momentum. Market Psychology Behind the Wedge Pattern: 📉 During the wedge formation, the market is in a downtrend, and sellers are in control. However, with each new lower low, the price finds strong support, and buyers start stepping in. 📊 As the wedge narrows, the downward momentum weakens, and sellers struggle to push the price lower. Eventually, demand exceeds supply, leading to a breakout to the upside, which is exactly what we see on this chart. 2. Key Levels & Market Structure 🔹 Support Zone & Reversal Area: The support zone between 0.006660 - 0.006680 acted as a strong demand area, preventing further downside. This is also labeled as a reversal area, meaning buyers were aggressive in this zone. The final touch at this support led to a strong bounce, initiating the breakout. 🔹 Resistance Level: The price is now approaching a key resistance area at 0.006780 - 0.006800, which previously acted as a supply zone. A break and retest of this level would further confirm bullish momentum. 🔹 All-Time High (ATH) & Target Level: The ATH region is marked on the chart as a historical resistance level where price faced strong selling pressure before. If the current breakout holds, price action could aim for the 0.006851 target level, completing the measured move from the wedge pattern. 3. Trading Strategy & Execution Plan 📈 Entry Strategy: There are two main ways to enter this trade: 1️⃣ Aggressive Entry: Enter immediately after the breakout above the falling wedge. 2️⃣ Conservative Entry: Wait for a breakout AND retest of the previous resistance turned support (0.006780 zone) before entering long. 🔻 Stop-Loss Placement: To manage risk, traders should consider placing stop-loss orders: Below the previous support zone (0.006660) to minimize downside risk. Alternatively, below the wedge breakout point if using a tight stop-loss. 🎯 Take-Profit Targets: 1️⃣ First Target: 0.006780 (near-term resistance level). 2️⃣ Final Target: 0.006851 (based on wedge breakout projection). 4. Confirmation & Risk Management 🔎 Key Confirmation Factors for a Strong Breakout: ✅ Price breaks above the falling wedge with strong bullish candles. ✅ Volume increases, showing strong buying interest. ✅ RSI or other momentum indicators confirm bullish divergence. ⚠️ Potential Risks to Consider: False Breakout: If price falls back inside the wedge, this could invalidate the bullish setup. Rejection at Resistance: If buyers fail to push price above the 0.006780 resistance, it could lead to another consolidation. 5. Final Thoughts & Trading Outlook 📌 This JPY/USD chart presents a high-probability bullish setup due to the breakout from a falling wedge pattern. 📌 The breakout, strong support zone, and bullish price action indicate further upside potential. 📌 Risk management is key—waiting for confirmation can increase the probability of success. 💡 Final Verdict: Bullish Bias – Watching for Retest & Continuation to Target! 🚀
Long
by GoldMasterTrades
EURJPY → False breakout of key resistance ...FX:EURJPY is forming a false breakdown of resistance and draws us a reversal pattern against the upper boundary of the descending price channel, as well as the pressure on the market creates the correction of the dollar... On the daily chart the structure is bearish. After the false breakout of the global resistance a correction is formed, within which the price can test the imbalance zone or the previously broken resistance and continue its fall after the liquidity capture. The global trend is neutral and in this case it is worth considering local support levels as targets Resistance levels: channel boundary, 162.3, 163.0 Support levels: 160.84, 158.9 A retest of the channel resistance or the area of 162.4 - 163 is possible. But any return of the price under the resistance of the descending channel and consolidation of the price in the selling zone may provoke further decline Regards R. Linda!
Short
by RLinda
1
EURJPY Breakout Analysis: Falling Wedge & Key LevelsChart Pattern Breakdown The chart presents a 4-hour timeframe for EUR/JPY, revealing a strong technical setup with multiple key patterns in play. The price action has been forming a falling wedge, a bullish reversal pattern, followed by a breakout. Falling Wedge Formation A falling wedge pattern is characterized by a narrowing range, where both highs and lows trend downward but converge towards a breakout point. This setup indicates a loss of bearish momentum and the potential for a strong bullish move once the price breaks out. The wedge began forming in early February, with price making lower highs and lower lows within the structure. The support level remained stable, while the resistance trendline kept the price within a tightening range. Around early March, the price successfully broke above the wedge resistance, confirming the bullish breakout. Key Resistance & Support Levels Resistance Level (Marked on the chart) Around 163.500 - 164.000, where the price faced rejection multiple times. The market tested this level but struggled to break through immediately, confirming its importance. Support Level (Marked on the chart) Around 158.500 - 159.000, acting as a strong demand zone. This area provided multiple bounces before the final wedge breakout. Current Price Action & Trading Setup Breakout Confirmation: The price successfully broke the wedge and moved higher, testing the resistance zone. Pullback & Retest: The market is currently pulling back, testing the recent breakout area. This could be an ideal entry point for a long trade. Bullish Target: The next significant resistance is at 166.754, followed by an extended target at 166.938. Trade Plan ✅ Long Entry: On a successful retest of support near 160.500 - 161.000 🎯 Target 1: 166.754 🎯 Target 2: 166.938 🔒 Sell Stop (Stop Loss): Below 158.918 to minimize risk Conclusion The EURJPY chart is showcasing a strong bullish setup with a confirmed falling wedge breakout. As long as price holds above the key support level, the market is likely to continue its bullish momentum towards the 166+ zone. Traders should watch for confirmations such as bullish candlestick patterns, volume surges, and trendline support before entering a long position. 🚀 Do you agree with this setup? Drop your thoughts in the comments! 🚀
Long
by GoldMasterTrades
ENA/USDT: 100% PROFIT POTENTIAL TRADE SETUP!!🚀 Hey Traders! ENA Breakout Alert – 100% Move Incoming? 👀🔥 If you’re excited for this setup, smash that 👍 and hit Follow for premium trade ideas that actually deliver! 💹🔥 🔥 ENA/USDT – Breakout & Retest in Play! 🚀 ENA has broken out of a falling wedge and is now retesting the breakout level. With momentum building, it looks poised for a massive 90-100% upside move from here! 💥 💰 Trade Setup: 📍 Entry: CMP, add more up to $0.36 🎯 Targets: $0.46 / $0.58 / $0.66 / $0.77 🛑 Stop-Loss: $0.325 ⚡ Leverage: Low (Max 5x) 🔎 Strategy: Enter with low leverage now Add more on dips and ride the breakout momentum higher 🚀 💬 What’s Your Take? Are you bullish on ENA’s potential for a 100% move? Share your analysis, predictions, and strategies in the comments! Let’s crush it together and lock in those gains! 💰🚀🔥
Long
by CoreCrypto1
Falling Wedge/Pennant on BitcoinThe full wedge extends all the way into August. I certainly hope we break up from it well before then. I place the measured move line around where I think we old break upward from if we can flip the 200ma back to solidified support. It of course could actually take much longer to break up from the wedge but even if it did the lowest price of the wedge is really not that terrifying in my opinion and would instead just be a phenomenal buying opportunity if we were allowed to accumulate mote that cheap. Because of other major supports not shown here however going below 70k for anything but an extremely brief wick seems an incredibly low probability. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
OMUSDT → Paranormal behavior. Rally readinessBINANCE:OMUSDT as a whole looks stronger than the market. After a strong rally a correction in the format of a bearish wedge is formed, subsequently the price broke the resistance and is trying to consolidate above the key support Against the background of a weak market OM coin has good prospects as technically someone is interested in this project and the coin as a whole behaves strongly and looks stronger than the market. A breakout of the bearish wedge (consolidation pattern within the correction) is forming. If the bulls keep the coin above the previously broken figure resistance and above the base of the 6.752 reversal pattern, the growth may continue in the short to medium term Resistance levels: 7.39, 7.98 Support levels: 6.752, 6.51 One of the few coins that is rising while bitcoin is falling. Focus on the previously mentioned support levels, as well as on the local resistance 7.05, the break of which may provoke a prolongation of growth Regards R. Linda!
Long
by RLinda
2
MARI - PSX - Beginning of a Bull Run MARI is the market leader of PSX. Historically, on time cycles it has shown consolidation period of 43 days before going into a bull run spanning around 32 days. Price after making the falling wedge has broken the structure upwards and now has even crossed the recent Lower High 627.40 as well - which signals a trend reversal towards bull run. Very good volumes are also experienced which are also confirmed by KVO which is a volume-based oscillator (blue line is almost at 60 degree angle going up). RSI is at 70 without any sign of reversal. Therefore, it would be a fair bet that we might see another cycle of bull run which should cross the previous all-time high (900.23) calculated on the basis of AB=CD or Fib based Extension tool. A minor retrace at key levels is expected where one should book profit. Trade Values Buy-1: 649 Buy-2: 630 (if price dips) TP-1: 740 TP-2: 840 TP-3: 900 TP-4: 1030 SL: 535
PSX:MARILong
by Golden_Spur
PIPPIN/USDT: LONG TRADE SETUP!!🚀 Hey Traders! PIPPIN Breakout Alert – Big Move Incoming? 👀🔥 If you’re excited for this setup, smash that 👍 and hit Follow for high-quality trade ideas that actually deliver! 💹🔥 🔥 PIPPIN Breakout & Retest – Time to Pump? PIPPIN has broken out of a falling wedge on the 2H timeframe and is now retesting the breakout level. If this retest holds, we could see a strong rally ahead! 🚀 💰 Trade Setup: 📍 Entry: CMP, add more up to $0.019 🎯 Targets: $0.0225 / $0.0252 / $0.0294 / $0.0334 🛑 Stop-Loss: $0.018 ⚡ Leverage: Low (Max 5x) 🔎 Strategy: Enter with low leverage now, scale in on dips, and ride the momentum to key targets! 💬 What’s Your Take? Are you bullish on PIPPIN’s breakout? Drop your thoughts, analysis, and predictions in the comments! Let’s secure those gains and ride this wave together! 💰🚀🔥
Long
by CoreCrypto1
1
BITCOIN → Short-squeeze 86-89K before falling further to 75KBINANCE:BTCUSD continues to form a downtrend after breaking the bullish structure on the weekly timeframe. There is no bullish driver yet, and technically, the price is heading to the global imbalance zone of 75-73K The past crypto summit and any other talk of cryptovalt support cannot support the market. Such events end with further market decline. Technically, the market continues to form a downtrend (global counter-trend), based on this alone, we can say that the price is now going against the crowd and this is generally logical behavior. Globally, the zone of interest is located in the following zones - 75K, 73K and order block 69-66K Locally, I would emphasize the nearest liquidity zones, located at the top, which can be tested before the further fall: 86697, 89.397 Resistance levels: 85135, 86678, 89397 Support levels: 79987, 78173, 73512 After the false break of 78K support there is no strong reaction, the market is forming a struggle for 84-85K zone, which generally indicates buying weakness. Before the further fall there may be a short-squeeze relative to the above mentioned zones of liquidity, which may lead to a further fall Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
32