Bitcoin will have a breakthrough in the channel!Hello, traders
Bitcoin's wave ((4)) has successfully completed a W-X-Y corrective formation. If Bitcoin manages to decisively break above the key resistance level of 88,826, it could trigger a powerful impulsive rally, potentially driving prices toward the next major targets at 95,250 - 99,508 - 109,176.
Additionally, the parallel channel's lower trendline is offering substantial support, preventing further downside movement. A strong breakout above this channel could significantly enhance bullish momentum, increasing the probability of Bitcoin reaching new all-time highs.
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EUR/GBP: Inverse Head & Shoulders Breakout Towards TargetChart Overview
Asset: Euro / British Pound (EUR/GBP)
Timeframe: 1-hour (1H)
Date and Time: Published on April 2, 2025, at 19:21 UTC
Publisher: GoldMasterTraders on TradingView
Current Price (at the time of the chart):
Open: 0.83668
High: 0.83670
Low: 0.83260
Close: 0.83635
Change: -0.00035 (-0.04%)
Price on the Right Axis: The price scale ranges from approximately 0.83100 to 0.84447, with the current price around 0.83642 (ask) and 0.83635 (bid).
Chart Elements and Technical Analysis
1. Candlestick Price Action
The chart displays a 1-hour candlestick representation of EUR/GBP, showing price movements from mid-March to early April 2025.
Trend Context:
Prior to the formation of the pattern, the price experienced a downtrend, declining from around 0.84200 (March 12) to a low of 0.83260 (March 25). This indicates a bearish trend leading into the pattern formation.
Following this decline, the price began to consolidate, forming the Inverse Head and Shoulders pattern, which suggests a potential reversal from bearish to bullish.
Recent Price Action:
On April 2, the price appears to have broken out above the neckline of the Inverse Head and Shoulders pattern, closing above the resistance level with a bullish candle. The current price of 0.83642 is above the breakout level, supporting the bullish thesis.
2. Chart Pattern: Inverse Head and Shoulders
Pattern Identification:
The chart highlights an Inverse Head and Shoulders pattern, a bullish reversal pattern that typically forms after a downtrend. It consists of three troughs:
Left Shoulder: A low around 0.83400 (March 20), followed by a bounce.
Head: A deeper low at 0.83260 (March 25), marking the lowest point of the pattern.
Right Shoulder: A higher low around 0.83400 (March 30), indicating diminishing selling pressure.
The neckline is drawn by connecting the highs between the shoulders (around 0.83600–0.83700), sloping slightly downward in this case.
Pattern Dynamics:
The Inverse Head and Shoulders pattern signals a shift from bearish to bullish sentiment. The left shoulder and head represent selling pressure, while the higher right shoulder indicates buyers stepping in at a higher level, showing increased demand.
The breakout occurs when the price closes above the neckline, confirming the reversal. In this chart, the breakout is confirmed around April 2, with the price closing above the neckline at approximately 0.83600–0.83700.
Breakout Confirmation:
The price broke above the neckline on April 2, with a strong bullish candle closing at 0.83635. The current price of 0.83642 is holding above the breakout level, which is a positive sign for bulls.
The breakout level aligns with the resistance zone, making the move significant as it also clears this key barrier.
3. Key Support and Resistance Levels
Support Level:
A horizontal support zone is marked around 0.83425 (approximately 0.8340–0.8345).
This level corresponds to the lows of the left and right shoulders, where buyers stepped in to defend the price. It also aligns with the lower boundary of the pattern, reinforcing its importance.
Resistance Level:
A resistance zone is marked around 0.83700 (approximately 0.8365–0.8375).
This level corresponds to the neckline of the Inverse Head and Shoulders pattern and a previous high from March 19. It acted as a barrier during the pattern formation but has now been broken, turning it into potential support on a retest.
Target Level:
The target for the breakout is projected at 0.84447.
This target is calculated using the standard method for Head and Shoulders patterns: measuring the height of the pattern (from the head at 0.83260 to the neckline at 0.83700, which is 0.00440) and projecting that distance upward from the breakout point (0.83700 + 0.00440 = 0.84140). The target of 0.84447 is slightly higher, possibly adjusted for the next significant resistance.
The chart indicates a potential move of 0.00627 (0.75%), which aligns with the distance from the breakout level (0.83700) to the target (0.84447).
4. Stop Loss and Risk Management
Stop Loss:
The stop loss is suggested below the support level at 0.83425.
Placing the stop loss below this level ensures that if the breakout fails and the price falls back below the neckline and the right shoulder, the trade is exited with a controlled loss.
The distance from the breakout level (0.83700) to the stop loss (0.83425) is 0.00275, representing the risk on the trade.
Risk-Reward Ratio:
The chart indicates a potential move of 0.00627 (0.75%) to the target.
The risk is 0.00275 (from 0.83700 to 0.83425), and the reward is 0.00627 (from 0.83700 to 0.84447), giving a risk-reward ratio of approximately 2.28:1 (0.00627 / 0.00275). This is a favorable ratio for a trading setup.
5. Additional Annotations
Pattern Components:
The chart labels the Left Shoulder, Head, and Right Shoulder, clearly identifying the structure of the Inverse Head and Shoulders pattern.
A blue arrow labeled “Inverse Head & Shoulder pattern” points to the formation, making it easy to recognize.
Arrows and Labels:
A green arrow labeled “Support Level” points to the 0.83425 zone, indicating where buyers have defended the price.
A red arrow labeled “Resistance Level” points to the 0.83700 zone, highlighting the neckline and the breakout area.
A blue arrow labeled “Target” points to 0.84447, showing the projected price objective.
A blue arrow labeled “Stop Loss” points to 0.83425, indicating the risk management level.
Price Labels on the Right Axis:
The right axis shows key price levels, with the current ask price at 0.83642 (red) and bid price at 0.83635 (black), reflecting the live market spread.
Trading Setup Breakdown
Based on the chart, here’s the detailed trading setup:
Entry:
Position: Long (buy) EUR/GBP.
Entry Point: The setup suggests entering after the price breaks out above the neckline of the Inverse Head and Shoulders pattern, which occurred around April 2, 2025, at approximately 0.83700.
Confirmation: The breakout is confirmed by a strong bullish candle closing above the neckline, with the current price at 0.83642, slightly below the high of 0.83670 but still above the breakout level. Traders might wait for a retest of the neckline (now acting as support) for a safer entry, though this isn’t explicitly suggested in the chart.
Stop Loss:
Level: Place the stop loss below the support level at 0.83425.
Rationale: This placement protects against a false breakout. If the price falls back below the neckline and breaches the right shoulder, the bullish thesis is invalidated, and the trade should be exited.
Risk: The distance from the entry (0.83700) to the stop loss (0.83425) is 0.00275, or approximately 0.33% of the entry price.
Take Profit/Target:
Level: The target is set at 0.84447.
Rationale: This target is derived from the height of the pattern projected upward from the breakout point. It also aligns with a logical extension toward the next significant resistance.
Reward: The distance from the entry (0.83700) to the target (0.84447) is 0.00627, or approximately 0.75% of the entry price.
Risk-Reward Ratio:
The risk-reward ratio is approximately 2.28:1, which is attractive for a trading setup. For every unit of risk (0.00275), the potential reward is over 2 units (0.00627).
Trade Management:
Trailing Stop: Once the price approaches the target at 0.84447, traders might consider trailing the stop loss to lock in profits, especially if the price shows signs of stalling.
Partial Profit Taking: Some traders might take partial profits at a minor resistance level (e.g., 0.84000) and let the remaining position run toward the target.
Broader Market Context
Trend Analysis:
The broader trend before the pattern was bearish, as evidenced by the decline from 0.84200 to 0.83260. The Inverse Head and Shoulders pattern suggests a potential reversal to the upside, with the breakout confirming this shift.
The price action after the breakout will be critical. A strong move toward 0.84000 with high volume would confirm the bullish momentum.
Volume and Momentum:
The chart doesn’t display volume or momentum indicators (e.g., RSI, MACD). However, a typical confirmation of an Inverse Head and Shoulders breakout includes:
Volume: An increase in volume on the breakout candle, indicating strong buying interest.
Momentum: A bullish signal from indicators like RSI (e.g., moving above 50) or MACD (e.g., a bullish crossover).
Traders should check these indicators to validate the breakout’s strength.
Market Factors:
EUR/GBP is influenced by factors like Eurozone and UK economic data, interest rate differentials, and Brexit-related developments. On April 2, 2025, traders should consider:
Economic Data: Key releases like UK GDP, Eurozone inflation, or central bank statements around this time could impact the pair.
Geopolitical Events: Any developments related to UK-EU relations or global risk sentiment could drive volatility in EUR/GBP.
Potential Risks and Considerations
False Breakout:
If the price fails to hold above the neckline (0.83700) and falls back below the right shoulder, the setup is invalidated. The stop loss at 0.83425 mitigates this risk.
Resistance at 0.84000:
The price may encounter resistance around 0.84000, a psychological level and a previous high. Traders should watch for bearish price action (e.g., a shooting star or bearish engulfing candle) near this level.
Market Volatility:
EUR/GBP can be volatile on a 1-hour timeframe, especially around economic data releases. Unexpected news could lead to sharp price swings, potentially triggering the stop loss prematurely.
Timeframe Limitations:
This is a short-term setup on a 1-hour chart, so the target might be reached within hours to a couple of days. However, intraday noise could lead to choppy price action, requiring active trade management.
Conclusion
The TradingView chart by GoldMasterTraders presents a well-structured bullish trading setup for EUR/GBP based on an Inverse Head and Shoulders pattern. The price has broken out above the neckline on April 2, 2025, signaling a potential move toward the target of 0.84447. Key levels include support at 0.83425 (where the stop loss is placed) and the neckline resistance at 0.83700, which the price must hold above to maintain the bullish thesis. The setup offers a favorable risk-reward ratio of 2.28:1, making it an attractive trade for short-term traders.
However, traders should confirm the breakout with additional indicators (e.g., volume, RSI) and monitor broader market conditions, as this chart is a snapshot from April 2, 2025, and market dynamics may have evolved since then. If you’d like to search for more recent data on EUR/GBP or check the outcome of this setup, I can assist with that!
EURUSD - Bearish Breakout or Bullish Rebound? Key LevelsThe EUR/USD 1-hour chart shows a bearish breakout from the rising channel, indicating a potential shift in momentum. Price is currently interacting with the Fair Value Gap (FVG), making this a critical decision point.
Here are three possible scenarios:
✅ Scenario 1: If price reclaims the FVG and re-enters the bullish channel, we could see a rally toward the 0.618-0.65 Fibonacci retracement level.
❌ Scenario 2: Price could reject at the FVG and continue its bearish momentum but remain above recent lows.
📉 Scenario 3: A stronger bearish continuation could push price further down, breaking through key support levels.
Which scenario do you think will play out? Drop your predictions below! 🔥📊
NIFTY weak below 23400As we can see NIFTY did try closing itself above our zone but failed and hence unless it closes above the supply zone every rise could be sold as the previously acting demand zone could now act as a strong supply zone which could show another rejection and continuation of downtrend so plan your trades accordingly and keep watching
MBOXUSDTMBOXUSDT, from my perspective, is a currency that I believe has potential on a medium-term basis. I have identified key resistance areas that are likely to turn into support once reached, and the price should respect these levels during corrections.
Please note that trading is done at your own responsibility; the above is merely my opinion.
EURUSD:The euro is facing a "battle at key resistance levels"The EURUSD exchange rate continues its rebound momentum. Although the weak inflation data in the eurozone has strengthened the market's expectation of an interest rate cut by the ECB, the US dollar has weakened due to the risk - off sentiment triggered by Trump's tariff remarks, which has become a key factor supporting the short - term upward movement of the euro.
We can focus on the initial resistance level of 1.0880 above. If this level is not breached, one can attempt to short at high levels.
Trading strategy:
Sell@1.0880
TP:1.0780
Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
Bullish Breakout from Falling Wedge | Upside Potential Ahead!Market Overview:
The Bitcoin (BTC/USD) 4-hour chart is displaying a Falling Wedge pattern, a well-known bullish reversal structure. This indicates that the downtrend is weakening, and a potential breakout could lead to a strong upside move.
🔹 Key Technical Analysis
1️⃣ Falling Wedge Formation & Breakout
Bitcoin has been trading inside a falling wedge, marked by lower highs and lower lows, signaling a contraction in volatility.
A breakout above the upper trendline of the wedge is forming, suggesting a bullish reversal and the start of an uptrend.
Falling wedges typically lead to a rally equal to the height of the pattern, giving a measured move target of $114,334.
2️⃣ Price Action & Confirmation Levels
A clean breakout above $87,000 would confirm bullish momentum.
If price successfully retests the wedge’s upper boundary and holds support, further bullish continuation is expected.
The psychological level of $100,000 could act as an interim resistance before the final target is reached.
3️⃣ Upside Target & Resistance Zones
The measured move suggests a potential rally towards $114,334, aligning with previous resistance zones.
This target represents a 30.55% gain from the breakout level.
Traders should watch for pullbacks and retests as part of the breakout confirmation.
📈 Trading Plan - Long Setup
🔹 Entry: Look for a confirmed breakout above $87,000, or a retest of support.
🔹 Stop Loss: Below $84,000, protecting against false breakouts.
🔹 Take Profit: $100,000 - $114,334 (previous resistance & measured move target).
🔹 Risk-Reward Ratio: Strong bullish setup with favorable upside potential.
🛑 Risk Factors to Consider
⚠️ A failed breakout and a drop below $83,000 would invalidate the bullish setup.
⚠️ External factors such as macroeconomic events, regulatory news, and BTC ETF developments could influence volatility.
Final Thought
The breakout from the falling wedge signals a potential bullish continuation for Bitcoin, with targets set around $114,334. Traders should watch for confirmation above $87,000 and manage risk accordingly.
DAX Bullish ReversalDAX Index (GER30) Trade Setup – 1H Chart Analysis
The DAX Index (GER30) is showing signs of a potential bullish reversal from a key support zone. The price has reacted at 21,975.87, indicating a possible upward move. A retracement to the **62% Fibonacci level (22,534.21) presents an optimal buy entry with a well-defined risk-to-reward ratio.
Trade Details:
- **Entry:** **22,534.21** (62% Fibonacci retracement)
- **Stop Loss (SL):** **21,975.87** (Below the recent swing low)
- **Take Profit Targets:**
- **TP1:** **23,476.14** (0% Fibonacci level)
- **TP2:** **24,056.53** (38.2% Fibonacci level)
- **TP3:** **24,995.45** (100% Fibonacci extension)
Analysis & Justification:
✔ Key Support Confirmation** – The price bounced off **21,975.87**, a significant support level.
✔ Fibonacci Confluence** – The 62% retracement level aligns with historical reaction zones.
✔ Moving Average Resistance** – A breakout above **22,600** could confirm bullish momentum.
✔ Risk-to-Reward Ratio** – The trade offers a **minimum 1.7:1 ratio**, improving with higher TP levels.
ARUSDTmy entry on this trade idea is taken from a point of interest below an inducement (X).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as I anticipate.. just a trade idea, not financial advise
Entry; $5.67
Take Profit; $7.03
Stop Loss; $5.24
CHFJPY Set To Grow! BUY!
My dear followers,
This is my opinion on the CHFJPY next move:
The asset is approaching an important pivot point 169.03
Bias - Bullish
Safe Stop Loss - 168.45
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 170.00
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
GOLD (XAUUSD): Detailed Support Resistance Analysis
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Support 1: Rising trend line
Horizontal Structures:
Resistance 1: 3149 - 3151 area
Support 1: 3099 - 3104 area
Support 2: 3048 - 3057 area
Support 3: 3024 - 3036 area
Support 4: 2997 - 3001 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
2 April Liberation Day: USA-Europe War Impact on ForexHi, I'm Forex Trader Andrea Russo and today I want to talk to you about an event that is shaking global markets: the tariff war between the United States and Europe.
Sunday, April 2, we started in force and new American news, celebrating "Liberation Day" by President Donald Trump. These data, which include 25% tariffs on your steel, aluminum and automobiles, look to rebalance the trade deficit of the United States. However, Europe is not ready to be saved. Ursula von der Leyen, president of the European Commission, has said that Europe has not started this matter, but is ready to defend its interests with a strong plan for control2.
The tension between the economic power has caused a significant impact on the market. The European stock exchange has not recorded consistent losses, with Milan having lost 16.4 million euros. Europe has responded with tariffs to its strategic American products, such as whiskey, motorcycles and legumes, and is evaluating further measures to protect its own industry4.
Forex Impact
This commercial war will bring about repercussions directly on the Forex market. Here's what to expect:
Removal of the American Dollar (USD): Protectionist tariffs tend to reforce the dollar, as they reduce the command of foreign currencies for imports. In addition, the increase in the price could lead the Federal Reserve to modify its own monetary policy, increasing interest rates.
Volatility of European Currencies: The euro (EUR) may rise in pressures due to economic uncertainties and European constraints. Also the value of the Swedish crown (SEK) may be negatively influenced.
Opportunity for the Trader: The volatility generated by these tensions offers opportunities for the Forex trader. Significant movements and exchange rates can be completed with trading strategies soon, but fundamentally adopt rigorous risk management.
Conclusion
The tariff war between the United States and Europe represents a significant loss for the global economy and the Forex market. Tomorrow will be a crucial day, and the trader will not carefully monitor the resources to adapt their own strategy. Always advise me to do my own analysis and operate with prudence.
Happy trading everyone!
QNT is about to take off like a rocket soon (1D)The higher structure of QNT is bullish, but its internal structure has turned bearish.
Therefore, we can look for buy/long positions in fresh and unmitigated Demand zones.
Targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
XG Updatetechnical analysis points to an upward direction for silver prices over the next few weeks, with potential targets between $35.00 and $36.00. The rising trend channel, breakout above resistance, supportive moving averages, balanced RSI, strong volume, and favorable market conditions all align to suggest continued gains.
S&P500 will start to riseAsper Elliott wave forecasting the current 4th wave ended this week.
A new wave will begin as 'c5' during 1'st week of April and it may be the climax rally.
Validity of this wave count holds good as long as last weeks low respected.
Traders can initiate long with 5500 as strict stop.
The target will be reached swiftly