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EUR/JPY Bearish Reversal Setup Double-Top RejectionThe chart indicates a potential bearish reversal setup following the rejection from a key resistance zone. The presence of bearish signals, such as the double-top formation and a break of structure (BOS), aligns with the bearish outlook on the higher timeframes (4H and 1D). The trade setup highlights multiple profit levels, emphasizing a controlled risk-to-reward strategy. Key Observations 1. Resistance Zone: Price has been rejected at 165.304, forming a potential double-top pattern. 2. Break of Structure (BOS): A bearish signal confirming downside pressure. 3. Entry Zone: The short trade is initiated near 164.229, just below the resistance. 4. Stop-Loss: Positioned at 165.304, above the rejection zone, ensuring limited risk. 5. Take-Profit Levels: First target: 163.955. Second target: 163.154. Final target: 162.080, aligning with a significant support area. Strategic Implications Bearish Confirmation: Watch for sustained bearish momentum below the BOS level to validate the setup. Risk Management: Maintain a tight stop-loss at 165.304 to avoid excessive losses. Profit Targets: Consider partial profit-taking at intermediate levels for secure gains. This setup aligns well with the bearish structure on the higher timeframes. However, traders should remain cautious of potential reversals if the price fails to maintain momentum below the entry zone.
Short
by wolfchemist
CAD/CHF Bearish Reversal Setup in Play The chart suggests a potential short setup based on the price's reaction to a resistance zone and the presence of a bearish order block. The trade appears to follow a risk-to-reward ratio strategy with a clear stop-loss and multiple take-profit levels defined below the current price. Key Observations 1. Entry Zone: The short trade is initiated near 0.63230, around a resistance area. 2. Stop-Loss: Positioned at 0.64002, just above the recent highs, to minimize risk. 3. Take-Profit Levels: First target: 0.62836 (close support). Second target: 0.62458. Final target: 0.62080, aligned with a strong demand zone. 4. Order Block: The highlighted zone indicates a bearish order block, signaling a potential reversal from the resistance level. 5. Momentum: The price is consolidating near the resistance, indicating a potential move downward, provided sellers gain control. Strategic Implications: Bearish Confirmation: Wait for a decisive bearish candle or rejection pattern before adding positions. Risk Management: Maintain the stop-loss at 0.64002 to avoid overexposure to risk. Profit Targets: Use scaling-out strategies at each take-profit level to lock in gains progressively. This setup appears well-structured, with a high probability of success if the bearish bias plays out. However, traders should remain vigilant of false breakouts or sudden reversals.
Short
by wolfchemist
CHZUSDT: Bullish Breakout or Breakdown? Key Levels to Watch!Yello, Paradisers! Is CHZUSDT about to break out into a bullish rally, or will the support zone crumble and invalidate the setup? We’re at a critical decision point, and how price reacts at key levels will be crucial. Let’s break it down. 💎CHZUSDT has formed a W-pattern at a key support zone, which is a classic bullish reversal structure. This pattern increases the probability of an upward move, but it still requires confirmation. Without a proper breakout above resistance, the bullish setup remains incomplete. 💎To validate the W-pattern and increase the chances of bullish continuation, CHZUSDT needs to break through the resistance level and close a candle above it. A confirmed breakout at this level would signal strength from buyers and could lead to a significant upward move. 💎However, if the price pulls back instead of breaking out, there’s still hope for the bullish case. In the event of a retracement, we can expect a bounce from the strong support zone. But to increase the probability in our favor, it’s essential to watch for bullish signals on lower time frames. These include an Internal Change of Character (I-CHoCH) or familiar patterns like a smaller W-pattern or an inverse head and shoulders. Seeing any of these will reinforce the bullish outlook. 💎On the other hand, if the price breaks down and closes a candle below the strong support zone, the bullish idea becomes invalid. In that case, it’s better to step back and wait for cleaner price action to form before making any new decisions. It’s never a good idea to force a trade when the market is unclear. Patience is key here. The market rewards those who wait for high-probability setups rather than chasing moves without confirmation. Discipline and a clear strategy will always keep you ahead. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
My analysis for upcoming trading days... Let me know yours :)My analysis is based on the latest pull back that i think will not continue. I feel like that this pullback is caused be overheated technological sector because of nvdia hype and overall market hype. Fundamentals are on my side of view. interest rates are lower, cpi did not change and uneplyoment rose. I wil be looking to take trades from that 4 hour fvg or on the way to that fvg based on oportunities markets will gve me. Lastly i want to apologize for my inactivity. I've been dealing with a lot of family issues and I'm also in my senior year of high school, so it's been a lot. I'm here now and I'll post as much as I can.
CAPITALCOM:US100Long
by Filip_Kozak
VIRTUAL Cooling Off After a Strong RallySPARKS:VIRTUAL has shown impressive growth recently, but momentum is fading. Daily RSI peaks are trending lower—not a bearish divergence, but a sign of cooling off and a likely correction. Price is nearing an untested 12H demand zone (Order Block), a strong potential area for long positions. Narrative and Market Outlook: The AI narrative remains strong, yet a short-term "Dead Cat Bounce" followed by accumulation is expected before the next impulse move. Deeper corrections could test significant support levels, potentially delaying recovery into March. Strategy Moving Forward: Focus on high-probability zones like the 12H demand area for entries. Be patient—accumulation during corrections can set the stage for future upside.
Long
by Goldfinch_song
Key Levels for the Week 01.2025(06-12-∷ ∷BitCoin🔳Key Levels Overview for the Week🔲 01.2025(06-12-∷)🐍 Dynamic Resistance🔀 102400 Dynamic Supports🔀 101400 Mid Pivot (🐻bull&bear🐂 zone ch trend) 113287 105360* 97433 range of supply and demand 107832 102719 97607 Range Band 🐇 110559 104040 97520 Order of lines: 1. 🌸 Shocking Pink, 💜 Dark Orchid 2. 🟢 Green, 🔴 Red, 🟡 Yellow 3. ⬜ White 4. ❤️ Falu Red, 🌿 Crusoe, ⚫ Black 5. 🌷 Pale Pink, 🍏 Granny Apple, 🌫️ Storm Grey 6. 💙 Neon Blue
CRYPTO:BTCUSD
by spacecraft
BTC dominance reveals how to navigate crypto cyclesHello everyone, this one is for patient (long-term) traders/investors, not for those chasing daily gains or short term swings. We are looking at BTC dominance chart. BTC dominance is currently at 60%, which is pretty high. Everyone who follows cryptos for some time should know how crypto cycles work. BTC is king and always leads the way. BTC if the first one to start the bull run, altcoins follow. When BTC is near its peak, money transfers into ALTs --> start of ALTSEASON. The first peak of altcoin season was January 2018. BTC dominance was at 35%. After Jan 2018 we went into a bear market. BTC dropped in value, ALTCOINS dropped even more. Consequently, BTC dominance went up. BTC dominance reached top at 74% in Jan 2021. That is when ALTSEASON started. THIS DOES NOT MEAN THAT BTC REACHED TOP in Jan 2021. BTC rose from 40k to 70k between Jan 2021 and Nov 2021, but ALTs in this period made bigger gains. BTC dominance in this period plummeted from 74% to 40%, creating a base for future. From Jan 2023 BTC has been rising and increasing its dominance, currently sitting at 60%. I am positive it will not break high of Jan 2018. Next strong resistance is in the area of 64-67%, I expect dominance to reverse in this area. BTC has already made a new ATH, but total crypto market space is not at an ATH yet. So ALTs are lagging in comparison to previous cycle. I believe we are at the start of ALT season and I will be looking into ALTs for my last gains this cycle. Check my other posts to see which ALTS I am considering. I will also be posting some other ALTs in coming days/weeks, so subscribe to stay notified. Good luck to everyone.
CRYPTOCAP:BTC.D
by carefulCheese32259
GBPJPY is Holding above the Support , All Eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Gold is in the Bearish Direction after Formation ManipulationHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
NZDUSD - Weekly Forecast - Technical Analysis & Trading Ideas!💡 Midterm forecast (Daily Time-frame): The price is in a Down Trend, but Beginning of Up Trend is forecasted! 0.5799 is Major Resistance. Take Profits: 0.57500 0.57992 0.58630 0.59164 0.60369 0.61187 0.62591 0.63680 0.65327 0.67156 0.70330 0.72150 0.74650 💡 Short-term forecast (H4 Time-frame): Bullish Divergence Correction wave toward the Buy Zone Another Upward Impulse wave toward Higher TPs SL: Below 0.5587 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
20
XRP - 1D Elliott Wave AnalysisGreetings, this is my back-up count for XRP in case of a breakdown of the Elliott Wave Triangle which was discusses in the previous analysis. I'd highly recommend reading the primary analysis first which is linked below as a note! In case the Elliott Wave Triangle doesn't play out and we enter a deeper correction in which we'd assume that the green Wave 4 is an ABC or WXY instead. The Wave 4 support sits between the 0.236 FIB at 1.8021 USD and the 0.618 FIB at 0.8301 USD even tho we would prefer to not drop below the 0.5 FIB at 1.0547 USD. We assume that the red Wave A and B or W and X are already finished and we are working on red Wave C or Y. The targets for this red Wave C or Y are the 1 to 1 FIB at 1.7817 USD. the 1.236 FIB at 1.6113 USD, the 1.38 FIB at 1.5154 USD and the 1.618 FIB at 1.3693 USD. Noteworthy is that the 1 to 1 FIB target for the red C/Y Wave at 1.7817 USD sits close to the 0.236 FIB at 1.8021 USD of the green Wave 4 support area which could function as first support for a bounce which would either start the move up in green Wave 5 or start a new corrective move to extent the correction. Additionally the 1.618 FIB at 1.3693 USD which is the optimal target for the red Wave C/Y sits around the 0.382 FIB at 1.3400 USD of the green Wave 4 support area which is the optimal target for a correction in a Wave 4. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro