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USD/JPY - Bearish breakdown signals further downside potential!The USD/JPY pair has been experiencing a clear daily downtrend, characterized by a bearish market structure and strong downward momentum. Sellers have remained in control, pushing prices lower as the pair continues to respect the prevailing bearish trend. With each failed attempt at recovery, the market structure reinforces the dominance of sellers, signaling that the path of least resistance remains to the downside. Despite this overall downtrend, the 4-hour timeframe recently exhibited a rising channel, where price action formed higher highs and higher lows, suggesting a temporary bullish retracement within the larger bearish structure. However, this channel has now been broken, signaling a potential shift back toward the primary trend. A break of this nature often suggests that the bullish correction has exhausted its strength, and sellers are regaining control to push the price lower once again. Following the breakdown of this rising channel, the price has failed to reclaim previous highs, instead forming a lower high—a strong indication that bearish pressure is resuming. Given this development, there is a significant possibility that USD/JPY could retrace toward key technical levels, such as the Golden Pocket (between the 0.618 and 0.65 Fibonacci retracement levels) or even the 4-hour Fair Value Gap (FVG) around 145.00. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
Short
by Youriverse
18
EURO - Price can exit from pennant and drop to $1.0650 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price made strong upward impulse and broke several resistance levels on its way to the top. Then it started to consolidate and formed a pennant pattern with a series of lower highs and higher lows. Price touched upper boundary of the pattern and bounced down, showing weakness near resistance zone. Recently Euro broke through the pennant support and tested $1.0790 level from above with no strength. Now it trades slightly above the breakout point and stays below key trendline and local resistance area. In my opinion, Euro can continue to decline and reach $1.0650 support level, exiting from pennant in the coming days. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
7
EUR/USD Weekly Forecast: Rising Wedge Breakdown & Bearish TargetChart Overview: The provided EUR/USD daily chart displays a well-structured Rising Wedge pattern, which eventually led to a significant bearish breakdown. The analysis highlights key levels, including resistance, support, stop loss, and a downside target, all of which contribute to a well-planned trade setup. The market structure suggests a strong bearish continuation, targeting lower price levels based on technical projections. 1. Chart Pattern: Rising Wedge Formation & Breakdown A Rising Wedge is a bearish reversal pattern that forms when price creates higher highs and higher lows, but the slope of the trendlines indicates weakening bullish momentum. This pattern is often a signal of upcoming bearish price action once a breakout occurs. Pattern Breakdown Analysis: The price moved inside the wedge, showing a gradual upward trend with declining momentum. Upon reaching a key resistance level, price faced strong rejection (marked with a red circle). The bearish breakdown below the wedge confirmed the pattern, leading to a sharp decline. A retest of the broken wedge followed before continuing downward. This confirms a classic bearish trend reversal, making it a strong technical setup. 2. Key Levels and Trade Setup: 🔹 Resistance Level (Major Supply Zone) The resistance zone (highlighted in beige) acted as a strong supply area, where buyers lost control. Price reached this resistance multiple times but failed to sustain above it. A bearish reversal initiated from this level, marking the beginning of a downward trend. 🔹 Support Level (Key Demand Zone) The support zone (also highlighted) represents a major demand area where price previously reversed. This level aligns with historical price action, making it a critical area to monitor for potential reactions. 🔹 Stop Loss Placement A stop loss is placed above the previous high within the resistance zone to protect against false breakouts. If price invalidates the breakdown and moves above this level, the bearish setup would no longer be valid. 🔹 Price Target Projection The breakdown suggests a potential drop towards 1.00874, as indicated by the 100% measured move. This aligns with previous historical support, making it a realistic downside target. 3. Trade Execution Plan: How to Trade This Setup? 📌 Entry Strategy: Traders can enter short after confirmation of the breakdown and a potential retest. A sell position can be initiated around the resistance turned support after a pullback rejection. 📌 Stop Loss Strategy: A stop loss should be set above the resistance zone (around 1.12208) to minimize risk. This ensures protection against a bullish breakout invalidation. 📌 Take Profit Strategy: The first take profit target is set at the support level near 1.04498. The final take profit target is at 1.00874, which aligns with the full measured move projection. 4. Conclusion & Market Sentiment 🔸 Bearish Market Bias – The breakdown of the rising wedge confirms strong bearish momentum. 🔸 Key Resistance Held Strong – The price was unable to break above, confirming seller dominance. 🔸 Downside Target Aligns with Previous Support Levels – A confluence of technical signals supports further decline. Final Thought: This chart presents a high-probability bearish trade setup in EUR/USD. The combination of a rising wedge breakdown, clear resistance rejection, and a defined downside target makes it an ideal short-selling opportunity. Traders should watch for price action confirmations and risk management strategies before executing trades. 🚨 Risk Disclaimer: Always apply proper risk management and confirm signals before trading. Market conditions may change, so monitoring price behavior is crucial for trade adjustments.
Short
by GoldMasterTrades
BTC - Is BTC going lower?Since the end of January 2025, BTC has been in a downtrend. However, over the last couple of weeks, BTC has been following an upward trend (rising wedge). This rising wedge has now been broken, as it tested the downward sloping trendline that has been in place since the end of January. On the daily timeframe, the Stochastic RSI is crossing down from the overbought zone, indicating that the momentum is shifting to the downside. This suggests that bearish pressure could persist in the coming days or even weeks. While it is possible that BTC could recover from this level and target higher prices. however, my base case is that BTC will continue to form a bearish structure over the next few days or weeks, potentially making a higher low or even a lower low. Time will reveal how the price action unfolds. Until then, the bias remains bearish unless proven otherwise. It is important to be aware of your risk management when opening positions at this moment, as market conditions can be volatile and unpredictable. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
Short
by Youriverse
8
What is a Swing Failure Pattern? - Basic explanation!A Swing Failure Pattern (SFP) is a technical chart pattern often used in price action trading to identify potential reversals in the market. It is typically seen on candlestick or bar charts in the context of trend analysis. The basic idea behind a Swing Failure Pattern is that the price temporarily breaks above or below a previous swing high or low, but fails to sustain that move and reverses direction quickly. This indicates a potential shift in market sentiment, and it can be a signal for a trend reversal or breakdown. When is it a SFP? - In needs to sweep the previous low - It has to close the candlestick above the previous low. So only a wick down When the price closes the body of a candle below the last low, it will not be considered an SFP. In this case, it is highly likely that the trend will continue in that direction. The SFP can occur across various timeframes, from lower to higher timeframes. Example on the daily timeframe Here, we see two SFPs: one to the upside and one to the downside. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
Education
by Youriverse
31
Gold (XAU/USD) – Bullish Reversal & Breakout PatternChart Pattern Analysis The 15-minute chart of Gold (XAU/USD) showcases a classic support-resistance structure, along with a potential bullish reversal pattern forming. The price is currently reacting to key levels, and the setup suggests an impending move toward higher price targets. Key Chart Patterns Identified: 🔹 Support & Resistance Flip: The price initially struggled at resistance (~$3,038 - $3,045) before experiencing a pullback. It found strong support (~$3,027 - $3,030), confirming a potential retest zone for a bullish reversal. 🔹 Double Bottom Reversal Pattern: The price bounced twice from the support zone, forming a possible double-bottom pattern – a classic bullish reversal sign. If the price successfully holds this level, a breakout above the previous high (ATH - $3,045) is expected. 🔹 Break & Retest Structure: A bullish breakout from resistance could trigger a rally toward the next target zone ($3,056 - $3,060). A possible higher low formation suggests market accumulation before an upward continuation. Trade Plan – How to Approach This Setup 📌 Entry Confirmation: Look for a bullish candle formation at support (~$3,027 - $3,030). A strong breakout and retest above ATH ($3,045) would provide further confirmation. 📌 Stop-Loss Placement: Below support ($3,027) to limit downside risk. If price breaks below this zone, the bullish scenario gets invalidated. 📌 Take-Profit Targets: 1️⃣ First Target: $3,045 (ATH breakout confirmation) 2️⃣ Final Target: $3,056 - $3,060 (Major Resistance & TP Zone) Potential Market Scenarios: ✅ Bullish Breakout: If price breaks & retests resistance ($3,045), a rally toward $3,060 is likely. ❌ Bearish Breakdown: If price fails to hold support ($3,027), a drop to $3,020 - $3,015 could occur. 🚀 Final Thoughts: This setup presents a high-probability bullish opportunity, but confirmation is key! Wait for price action signals before entering. 📊 Do you agree with this analysis? Drop your thoughts in the comments! 🔥
TVC:GOLDLong
by GoldMasterTrades
Pattern Identification ExerciseHere I run through an exercise I first started carrying out around 4 years ago. It is a brilliant tool to help train yours eyes to spot patterns within the market, log the data across multiple different instruments and find specific characteristics with that instrument. The importance behind carrying out an exercise like this is training your lens to spot these in the live markets, and also stacking your confidence so when you see these develop you are able to approach them in the best way possible. Any questions just drop them below 👇
Education
by JordanWillson
1