Get started

Priceaction

EURUSD ROUTE MAPI’m currently analyzing the EUR/USD 1-hour chart, using trendline support, combined with the SMC concept and price action. ✨ I’ll be looking for buy trade opportunities based on the key levels drawn on the chart. ⬆️ Patience is key – I’ll wait for the price to reach my levels and confirm any bullish signals, allowing me to execute the trade at the ideal point. 💡📈 Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis. Once price reaches our levels further updates will posted soon. #EURUSD 1H Technical Analysis Expected Move.
Long
by TradeTacticsreal
GBPJPY TODAY FORECASTIn this forecast we're analyzing 2H time frame for GBPJPY. Today I'm looking for a potential buy trade setup. According to my analysis and strategy when price enters in my key levels as shown in the chart and give any bullish confirmation like candlestick pattern or price action. After taking confirmation we'll trigger our trade. Confirmation is most important part of this analysis. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis. Further updates related this analysis will posted soon once price reach our levels. #GBPJPY 2H Technical Analysis Expected Move.
Long
by TradeTacticsreal
#GOLD BULLISH UPDATESGold Analysis - Bullish Bias for Today. Currently, I’m analyzing Gold on the 1-hour time frame. As we all know, Gold is at an all time high, with the market pushing upwards without a valid retracement. The overall trend remains bullish, so my bias for today is also bullish based on my analysis. 📍 Key Focus: I’ll wait for Gold to create a solid structure and retest at least my key levels. This will allow me to place my trade in the ideal demand zone. ✨ Confirmation is Key: When the price hits my key levels, I’ll look for confirmation through a bullish candlestick pattern or bullish price action before planning my trade. ⚠️ Always Use Stop Loss in Your Trades. ⚠️ 📊 Proper Money Management is Key. 💡 Maintain a Solid Risk-to-Reward Ratio. This is just my analysis. 🔍 Further updates related to this analysis will be shared soon, once the price reaches our key levels. Stay tuned!⏳ 🔍 Let’s see what opportunity the market provides. #XAUUSD 1H Technical Analysis Expected Move.
FX:XAUUSDLong
by TradeTacticsreal
BTCUSD Bitcoin Rising Wedge Breakdown – Professional AnalysisBitcoin's price action is forming a Rising Wedge pattern on the 1-hour chart, a well-known bearish reversal formation. This pattern suggests that although the price has been making higher highs and higher lows, the upward momentum is weakening. Historically, when a rising wedge breaks to the downside, it often leads to strong downward movement, making it an ideal shorting opportunity. This analysis will cover the pattern formation, key support and resistance levels, price action expectations, trading strategy, and risk management to ensure a well-informed trade setup. 1. Chart Pattern Breakdown: Understanding the Rising Wedge Formation of the Rising Wedge The price has been moving within two converging trendlines (black lines), forming a wedge shape. The slope of both the upper and lower trendlines is positive, indicating an uptrend, but the lower trendline is steeper, suggesting weakening bullish pressure. As Bitcoin moves higher, buying volume is declining, indicating that buyers are losing control. The price has tested the upper resistance trendline multiple times, failing to break above it, further confirming bearish exhaustion. The lower trendline has acted as strong support, but multiple touches suggest a possible breakdown soon. Why This Pattern is Bearish The rising wedge is inherently bearish because it signals that although the price is rising, the upward movement is slowing down. Eventually, the price is likely to break below the lower support trendline, triggering a sharp sell-off. A breakdown from this wedge structure would confirm the start of a downtrend, making it an excellent opportunity for short traders. 2. Key Technical Levels to Watch Resistance Level (~$86,000 - $86,500) - Strong Sell Zone Bitcoin has repeatedly failed to break above this zone, indicating heavy selling pressure. If the price unexpectedly moves above this level, the bearish setup would be invalidated. Support Level (~$80,000 - $80,500) - Breakdown Zone This support level has held strong multiple times. If BTC loses this zone, it will likely trigger a massive drop due to stop-loss orders being hit and panic selling. Stop Loss ($88,062) - Risk Management A stop loss above $88,062 ensures protection against unexpected bullish breakouts. This level is placed just above recent highs to minimize the risk of premature stop-outs. Target Level ($75,718) - Profit Objective The projected price target is based on measuring the height of the wedge and applying it to the breakout point. This level also aligns with a major historical support zone, where buyers might step in. 3. Trading Setup & Strategy Bearish Trading Plan - Short Setup 📌 Entry: Enter short after Bitcoin breaks below the wedge’s lower support and confirms the breakdown by retesting support as new resistance. Ideal entry price is around $81,500 - $82,000 after confirmation. 📌 Stop Loss: Place above $88,062, which is beyond the wedge’s upper resistance. This protects against unexpected bullish breakouts. 📌 Take Profit: First target: $78,000 (psychological support). Final target: $75,718 (technical breakdown target). Confirmation Signals for a Strong Short Trade ✔ Candle Close Below Support – A 1-hour candle closing below the wedge confirms a breakdown. ✔ Increase in Selling Volume – Rising bearish volume supports downward momentum. ✔ Retest of Broken Support as Resistance – If the price retests the wedge’s lower trendline and fails to reclaim it, it confirms further downside. 4. Risk Management & Considerations Risk-to-Reward Ratio: The trade offers a 3:1 risk-reward ratio, making it highly favorable. Market Conditions: External news events, institutional activity, or macroeconomic trends (like inflation reports) could impact price action. Bear Trap Possibility: If Bitcoin breaks below but quickly reclaims support, it could be a fakeout, so wait for confirmation before entering. 5. Alternative Scenario – When to Invalidate the Bearish Outlook? Although the primary expectation is a bearish breakdown, we must consider alternate scenarios: 🚨 Bullish Invalidation: What if Bitcoin Rallies? If Bitcoin breaks above the resistance zone at $86,500 - $88,000, the rising wedge breakdown would be invalidated. In that case: ✅ A breakout above $88,062 could trigger a short squeeze, pushing BTC toward $90,000+. ✅ Bulls will regain control, shifting the trend to bullish continuation instead of reversal. 🔹 In such a case, traders should exit short positions and re-evaluate market conditions before re-entering trades. 6. Conclusion – Trading Plan Summary 📊 Current Bias: Bearish 📉 🔹 Pattern: Rising Wedge (Breakdown Expected) 🔹 Entry: Short after wedge breakdown & confirmation 🔹 Stop Loss: Above $88,062 🔹 Target: $75,718 Bitcoin is forming a classic Rising Wedge, which historically leads to strong downward movement once it breaks support. If BTC follows the expected scenario, a high-probability short trade is in play, targeting a decline toward $75,718. However, traders must wait for confirmation and manage risk effectively to avoid fakeouts. 📢 Stay updated, follow price action closely, and trade responsibly! 🚀
BITSTAMP:BTCUSDShort
by GoldMasterTrades
BTC - Let's Keep It Simple!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🏢BTC Building Blocks: 📉 Short-Term Bearish: BTC is currently trading within a short-term bearish block between $81,200 and $87,500. 📉 Long-Term Bullish: If the $81,200 low is broken to the downside, BTC is expected to enter the long-term bearish block. 📈 Short-Term Bullish: If BTC breaks above the short-term bullish block at $87,500, it will enter a short-term bullosh block phase towards the $95,000 structure. 📈 Long-Term Bullish: If the $95,000 level is broken to the upside, a long-term bullish movement toward the all-time high would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
10
Gold (XAU/USD) – Head & Shoulders Breakdown in Bearish Move🔍 Overview of the Chart & Market Context This 15-minute Gold Spot (XAU/USD) chart shows the formation of a classic Head & Shoulders (H&S) pattern, signaling a potential trend reversal from bullish to bearish. This pattern often indicates that buying momentum is weakening, and a significant price decline may follow. Gold has been in a strong uptrend before forming this structure. However, after reaching a resistance zone at an all-time high (ATH), the market has failed to sustain its bullish momentum. The rejection from this level and the break of the neckline (support level) suggest that sellers are gaining control, leading to a potential bearish breakdown toward the downside target. This setup provides a high-probability shorting opportunity if price action follows through with the bearish structure. Let’s analyze the different elements in detail. 📊 Understanding the Head & Shoulders Pattern in Detail The Head & Shoulders is a well-known reversal pattern, and in this case, it forms at the top of an uptrend, indicating a shift in market sentiment. The key components of this pattern in the chart are: 1️⃣ Left Shoulder Price made an initial rally, then faced rejection at a resistance level. A retracement occurred, forming a swing low, which became part of the neckline support. 2️⃣ Head Buyers attempted another push, creating a higher high. However, the rally was unsustainable, as sellers pushed the price back down toward the neckline. This forms the peak of the structure, marking the highest point before the reversal. 3️⃣ Right Shoulder Another rally followed, but this time, buyers lacked strength. The price failed to break the previous high (head level) and reversed downward. This indicated that selling pressure was increasing, forming the right shoulder. 4️⃣ Neckline (Support Level) This is the most critical level in this setup. It connects the swing lows between the left shoulder and right shoulder. Once the price breaks below this trendline support, the pattern is confirmed, triggering a bearish move. 📌 Key Technical Levels Identified 🔵 Resistance Level (+ ATH – All-Time High) The blue box represents the strong resistance zone where gold faced rejection multiple times. This level acted as a supply zone, preventing further bullish continuation. 📉 Neckline & Support Level This trendline support (dotted black line) connected the lows between the left and right shoulders. A clean break and retest of this level signal further downside movement. 🚨 Stop Loss Level ($3,048.777) The ideal stop-loss placement is above the right shoulder to prevent getting stopped out by market noise. If the price reclaims this level, it could invalidate the bearish thesis. 🎯 Target Level ($2,989.544) The target is based on the measured move, calculated by taking the height from the head to the neckline and projecting it downward. If the breakdown plays out successfully, we could see a move toward $2,989.544 or even lower. 📉 Trading Plan: Bearish Trade Setup 🔴 Short Trade Entry Sell Entry: On the break & retest of the neckline (support turning into resistance). Confirmation: A strong bearish candlestick (e.g., engulfing pattern) below the neckline. 🚨 Stop Loss (Risk Management) SL Placement: Above the right shoulder ($3,048.777) to prevent false breakouts. Reason: If price moves above this level, the pattern gets invalidated. 🎯 Profit Target (Take Profit) Target Level: $2,989.544, based on the measured move. Risk-to-Reward (RR) Ratio: Aiming for at least a 1:2 RR ratio, ensuring a profitable setup. 📌 Confirmation Signals for Stronger Conviction For higher probability, traders should look for additional confirmations before entering the short position: ✔ Neckline Retest: After breaking below the neckline, price retests it as resistance before dropping further. ✔ Bearish Candlestick Pattern: Engulfing candles, shooting stars, or rejection wicks indicate strong selling pressure. ✔ Increased Volume on Breakdown: A spike in volume on the breakdown confirms strong market participation. ✔ RSI Divergence: A bearish divergence between price and RSI may signal trend exhaustion. 📉 Expected Price Action: What’s Next? Based on this setup, if the bearish structure plays out as expected: 1️⃣ Price will retest the neckline as new resistance. 2️⃣ Sellers will step in, pushing the price lower. 3️⃣ Gold will continue downward toward the $2,989 support level. 4️⃣ If strong selling continues, price may drop even further beyond the target zone. However, if price closes back above the right shoulder, the bearish setup gets invalidated, and traders should exit the short position immediately. 📌 Final Thoughts & Summary Pattern Identified: Head & Shoulders (Bearish Reversal) Market Bias: Bearish Entry Trigger: Break & retest of the neckline Stop-Loss Placement: Above the right shoulder ($3,048) Take-Profit Target: $2,989 Risk Management: Ensure a minimum 1:2 RR ratio 📉 Conclusion: Gold is showing signs of bearish exhaustion after forming a Head & Shoulders pattern. A confirmed break below the neckline suggests that the price may continue its downward trajectory. Traders should wait for a proper retest before entering, use strict risk management, and monitor key technical indicators for confirmation. Would you like me to provide an alternative trading plan if the price reverses? 🚀
OANDA:XAUUSDShort
by GoldMasterTrades
USDCHF: Bullish Outlook Explained 🇺🇸🇨🇭 USDCHF looks bullish after a test of the underlined blue support. The price formed a double bottom on that and broke its neckline on Friday. We see a positive bullish reaction to that after its retest. I think that the market will continue rising and reach at least 0.885 resistance. ❤️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.
Long
by VasilyTrader
2
DKNG Update | Crash AheadOne of the best fractal overlays I've seen with some Elliott Waves to go with it. Price is still in a uptrend but with growing sellers It'll come to an end similar to the last fractal. During the 3rd wave in the last pattern price experienced its first pullback at (B), and its second at correction wave 4 and the third after the last wave before we witnessed the last push in buyers. This current cycle price is in a similar stage with a swing low at (b) meaning that we could see another run-up towards major resistance ($63). This would be the final blow-off-top in general markets. TVC:RUT is already showing signs of weakness which works well with this TA example. When the time is right I'll do another TA for the downfall. For now I'm bullish but for the horizon I'm very bearish.
NASDAQ:DKNGLong
by Nathanl19
5
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
EUR/GBP Analysis – Symmetrical Triangle Breakdown & Bearish MoveThis EUR/GBP chart on the 1-hour timeframe showcases a well-defined symmetrical triangle formation, a widely recognized pattern in technical analysis that signals potential breakout opportunities. The price action has respected the converging trendlines, indicating consolidation before a decisive move. Recently, the market has broken below the support zone, confirming a bearish breakdown and providing a strong signal for potential downside movement. This analysis will cover pattern formation, key technical levels, trading strategy, risk management, and future market outlook to provide a comprehensive professional breakdown of this setup. 1. Chart Pattern Analysis – Symmetrical Triangle Formation A symmetrical triangle consists of two converging trendlines that squeeze price action into a narrowing range, reflecting market indecision. This pattern is considered a continuation pattern, meaning that the price is likely to continue in the direction of the prevailing trend after the breakout. Pattern Characteristics in This Chart: ✅ Lower Highs: Price fails to break previous peaks, indicating weakening bullish momentum. ✅ Higher Lows: Buyers step in at higher points, preventing aggressive declines. ✅ Volume Decrease: Typical of consolidation within a symmetrical triangle. ✅ Breakout Confirmation: A strong bearish candle broke below the support level, signaling further downside potential. 2. Key Technical Levels & Zones 📌 Resistance Level + All-Time High (ATH) – 0.8421 This level represents the highest point in the pattern, where price faced repeated rejections. It aligns with a historical resistance zone, indicating a strong supply area. A breakout above this level would shift the market to a bullish bias. 📌 Support Level – 0.8379 (Now Acting as Resistance) Previously a key demand zone where buyers defended the price. Price has now broken below this level, confirming it as new resistance in a bearish scenario. A successful retest followed by rejection increases downside confirmation. 📌 Stop-Loss Placement – 0.8421 Located above the upper trendline and recent highs to avoid false breakouts. If price regains this level, the bearish scenario will be invalidated. 📌 Target Zone – 0.82926 (Major Support Area) This is the next strong support level, acting as a potential take-profit zone for short positions. It aligns with a previous price reaction area, making it a logical target for sellers. 3. Trading Setup & Strategy – Bearish Trade Plan The breakdown from the symmetrical triangle structure presents an opportunity to short the pair with a defined risk-to-reward setup. 📌 Entry Strategy: Enter short positions after price breaks and retests the 0.8379 support level as resistance. Confirmation should come from bearish candlestick patterns like engulfing candles or pin bars. 📌 Stop Loss: Placed above 0.8421, above the last swing high, to protect against potential false breakouts. 📌 Take Profit (TP) Target: First TP: 0.8325 (Intermediate support) Final TP: 0.82926 (Major support and key structure level) Alternative Scenario – Bullish Reversal Possibility If price reclaims 0.8379 and closes above it consistently, the bearish breakdown might be a false move. A move above 0.8421 would invalidate the bearish setup, leading to potential bullish momentum. 4. Risk Management & Trade Confirmation ✅ Volume Analysis A significant increase in volume on the breakdown strengthens the bearish outlook. Low volume retests may indicate a weak reversal attempt, favoring continuation downward. ✅ Bearish Price Action Confirmation Lower highs and consistent lower lows reinforce a bearish sentiment. Rejections from the broken support (now resistance) validate the trade setup. ✅ Risk-to-Reward Ratio (RRR) The Stop-Loss (SL) is tight, and the profit target is significantly larger, making this a high RRR trade. Ideally, a RRR of at least 2:1 or 3:1 should be maintained for proper risk control. 5. Market Sentiment & Future Outlook Bearish Bias Strengths: Trendline break indicates strong downside pressure. Failed attempts to break resistance suggest weakening bulls. Global macroeconomic factors and fundamental catalysts may favor GBP strength over EUR in the near term. Reversal Risks: A strong bullish breakout above 0.8421 would shift momentum to the upside. Fundamental news events (e.g., ECB or BoE statements) can impact market direction unexpectedly. 6. Summary & Conclusion 🔹 The EUR/GBP 1-hour chart has broken below a symmetrical triangle pattern, confirming a bearish breakout. 🔹 Key levels to watch: Resistance at 0.8421, support at 0.82926. 🔹 Trading strategy favors short positions, with a target at 0.82926 and a stop loss at 0.8421. 🔹 Confirmation comes from trendline breaks, volume analysis, and lower highs/lows structure. 📌 Final Verdict: The setup is bearish unless price reclaims 0.8379 and invalidates the structure. Traders should monitor price action, volume, and news events for further confirmations. 🔥 Potential Profit Target: 80-90 Pips 📉 ⚠️ Risk Management is Crucial – Always Use Stop Loss & Proper Position Sizing
Short
by GoldMasterTrades
1
EUR/USD Technical Analysis – Double Top Pattern & Bearish MoveThis EUR/USD 1-hour chart presents a clear Double Top pattern, signaling a potential trend reversal. The chart displays key technical elements, including support and resistance levels, trendlines, a stop-loss placement, and a take-profit target. Let’s go through an in-depth professional breakdown of this trading setup. 1. Market Structure and Trend Analysis Before identifying the pattern, it’s crucial to analyze the market structure: ✔ The price had been in an uptrend initially, making higher highs and higher lows. ✔ However, the trend began to weaken after hitting resistance at the 1.0950 zone. ✔ This failure to break higher created a double top, which is a strong bearish reversal signal. A double top forms when the price reaches a high twice, fails to break above resistance, and then declines past the neckline (support level), confirming trend reversal. 2. Double Top Pattern Breakdown 🔹 First Peak (Top 1): The price surged upwards, hitting the resistance zone at 1.0950, but faced selling pressure. The rejection resulted in a pullback to the neckline (support level at 1.0800-1.0820). 🔹 Second Peak (Top 2): The price attempted another rally but failed at the same resistance zone, confirming seller dominance. The second rejection suggests a lack of bullish strength, signaling a potential shift in momentum. 🔹 Neckline (Support Breakdown): The key support zone around 1.0800 acted as a pivot level. Once this level was breached, it confirmed bearish continuation. 3. Key Technical Levels & Price Action Signals 🟢 Resistance Level – 1.0950 Zone This level has acted as a strong supply zone where sellers stepped in to push prices lower. The two failed breakout attempts indicate that buyers lost control. 🔵 Support Level (Neckline) – 1.0800-1.0820 Zone Initially, this area provided buyer support, but once broken, it became a resistance level (previous support turns into new resistance). ⚡ Stop-Loss Placement – 1.09190 A well-placed stop-loss above the resistance zone protects against false breakouts. If the price rises above this level, it invalidates the bearish structure. 🎯 Take-Profit Target – 1.06916 The projected target aligns with the measured move (the distance from the resistance to the neckline). The price may find support at this level, where traders should look for a potential reversal or continuation. 4. Confirmation of Bearish Breakdown For a high-confidence short trade, multiple confluences support the bearish bias: ✔ Break & Retest of the Neckline – After breaking support, the price attempted a retest and failed, confirming resistance. ✔ Trendline Break – The trendline supporting the previous uptrend has been decisively broken. ✔ Bearish Price Action – The formation of strong red candles and lower highs suggests sustained selling pressure. ✔ Momentum Shift – Increased bearish volume further confirms the reversal strength. 5. Trading Strategy & Execution Plan ✅ Entry Criteria Sell after the retest rejection at the previous support (now resistance). Look for a strong bearish candle formation as a confirmation signal. 📉 Risk Management Stop-Loss: Placed slightly above 1.09190, ensuring the pattern remains valid. Take-Profit: Target set at 1.06916, aligning with previous structure support. 💰 Risk-Reward Ratio The setup offers an attractive risk-to-reward ratio, making it a high-probability trade. 6. Alternative Scenarios & Market Considerations Although the bearish bias is dominant, traders should be prepared for alternative outcomes: 🔸 Fakeout Risk: If price closes above 1.09190, it could indicate a failed breakdown, invalidating the trade. 🔸 Bounce from 1.06916: If the price reaches the target support zone, buyers might step in, leading to a potential reversal. 🔸 Fundamental Influence: News events (such as FOMC, ECB statements, or US inflation data) can increase volatility and impact price direction. 7. Conclusion – A High-Probability Short Trade This Double Top pattern setup presents a textbook bearish reversal, offering an excellent short-selling opportunity. The combination of technical confirmations, price action signals, and a well-structured risk-reward ratio makes this trade highly reliable. Final Takeaways: ✔ Bearish Confirmation – Double Top breakdown with a retest rejection. ✔ Sell Setup Validity – Below 1.0800 support. ✔ Stop-Loss & Target Defined – Risk-controlled strategy execution. 📊 Verdict: Bearish trade setup with downside potential toward 1.06916. Traders should monitor price action for further confirmations! 🚀
Short
by GoldMasterTrades
XAG/USD (Silver) – 1H Technical Analysis & Trade SetupThis analysis presents a high-probability bullish trade setup based on key price action principles, market structure, and technical indicators. The chart illustrates a potential reversal from a support zone, a descending channel breakout, and an overall shift in trend dynamics. 1. Market Structure & Key Price Levels Before placing any trade, it's essential to analyze the bigger picture, including support and resistance levels, trend structure, and liquidity zones. Let's break down the key areas: A. Resistance Area (Supply Zone) – $34.20 to $34.60 This horizontal resistance zone has historically acted as a selling pressure area where price faced rejection. It represents a profit-taking zone for bulls and a possible reversal point for bears. If price successfully breaks and closes above this resistance, it could signal further upside potential. B. Support Level (Demand Zone) – $32.90 to $33.10 The price has consistently bounced from this region, indicating strong buying interest. This level has acted as a demand zone, where institutions or large traders are likely accumulating positions. A strong bullish reaction from this zone strengthens the reversal scenario. C. Change of Character (CHoCH) – Key Structural Shift A Change of Character (CHoCH) is marked on the chart, indicating a potential shift from a bearish to a bullish trend. This is one of the most reliable signals when transitioning from a downtrend to an uptrend. 2. Chart Pattern & Price Action Analysis A. Descending Channel Formation (Bullish Reversal Pattern) The market has been forming a descending channel, which is a corrective pattern rather than a continuation pattern. This structure consists of lower highs and lower lows, indicating short-term selling pressure. However, when such a pattern forms near strong support, it often precedes a breakout and trend reversal. A confirmed break above the channel's upper trendline will serve as a bullish breakout signal. B. Liquidity Grab & Stop Hunt Consideration Many retail traders place stop-loss orders below the support zone, making it an area of liquidity accumulation. The market may attempt to sweep these stops before moving up, which aligns with institutional trading behavior. If price momentarily dips below the support and then quickly reverses with strong bullish momentum, it confirms a stop hunt and a possible reversal setup. 3. Trading Strategy & Setup To maximize profits while managing risk, we need a well-structured entry, target, and stop-loss strategy. 📌 Entry Strategy Aggressive Entry: Enter a buy position within the support zone ($33.00 - $33.10) if bullish price action (e.g., bullish engulfing candle) confirms buying pressure. Conservative Entry: Wait for a clear breakout from the descending channel’s upper trendline, then buy on a retest. This reduces the risk of a fakeout and provides higher confirmation. 🎯 Target Levels (Take Profit Zones) First Target (TP1) – $34.26 This is a key resistance level where price previously reversed. Partial profit-taking is recommended here to secure gains. Second Target (TP2) – $34.60 If momentum continues, price could reach this extended target. Strong breakout volume would support this move. 🛑 Stop Loss (SL) Placement Stop-loss should be set below the support zone ($32.45). This ensures adequate risk management and avoids premature stop-outs. If price breaks below this level with strong selling volume, the bullish setup is invalidated. 4. Risk Management & Trade Considerations 📌 Risk-to-Reward Ratio (RRR): The trade setup offers an RRR of at least 1:3, making it a high-probability trade. 📌 Possible Fakeouts & Confirmation Signals: If price breaks above the descending channel but fails to hold above support, it's a sign of a fake breakout. Watch for strong bullish volume and clear break of previous lower highs before entering long. 📌 Fundamental Factors: Keep an eye on economic reports, Federal Reserve speeches, and USD strength, as they heavily influence Silver prices. 5. Conclusion – High-Probability Bullish Setup Descending channel breakout, strong support level, and CHoCH indicate a potential bullish reversal. If buyers successfully defend the support zone, price is likely to target $34.26 – $34.60. Risk management is crucial – waiting for confirmation reduces chances of a failed trade. 🚀 Watch for bullish confirmation before entering!
OANDA:XAGUSDLong
by GoldMasterTrades
CHF/USD Bullish Cup Formation | Support & Breakout Target Pattern Formation: Bullish Cup & Handle Breakout Setup The price action on this CHF/USD 1-hour chart exhibits a Cup & Handle pattern, which is a well-known bullish continuation setup. This pattern suggests that buyers are gradually gaining control and a breakout could be imminent. 1️⃣ Understanding the Cup Formation The cup shape (curved blue line) signifies a gradual accumulation phase, where price initially declined, formed a rounded bottom, and then started recovering. This indicates that buyers are regaining momentum after a consolidation period. The lowest point of the cup formed around March 16, from where the price began a steady upward move. 2️⃣ Key Support & Resistance Levels Support Level: The strong demand zone is established around 1.1300 - 1.1320, as shown by multiple price bounces. Resistance Level & ATH (All-Time High): The price struggled to break 1.1450 - 1.1470, indicating a major resistance zone where sellers previously took control. 3️⃣ Handle Formation & Pullback After reaching resistance, the price formed a slight retracement (small descending wedge), which created the handle of the pattern. The pullback was necessary to clear short-term overbought conditions before a potential breakout attempt. 4️⃣ Trading Strategy & Price Projection 🔹 Entry & Breakout Confirmation If CHF/USD breaks above 1.1450 - 1.1470 with volume confirmation, this will validate the Cup & Handle breakout. A confirmed breakout suggests further upside momentum toward 1.1570 - 1.1600, aligning with the pattern’s measured move. 🔹 Stop-Loss Placement A logical stop-loss should be placed below the handle’s low (~1.1300 - 1.1320), in case of a false breakout or sudden market reversal. 🔹 Target Projection Based on Pattern Measurement The height of the cup (~200 pips from bottom to resistance) is projected upwards from the breakout level. This results in a take-profit target of 1.1575 - 1.1600. 5️⃣ Additional Technical Confluences ✅ Trendline Support: The price is respecting an ascending trendline, indicating continued higher lows and bullish sentiment. ✅ Bullish Momentum: The series of higher lows confirms a strong uptrend, favoring buyers. ✅ Potential Fakeout Risks: A failed breakout below 1.1300 could invalidate the bullish outlook, leading to a deeper retracement. 6️⃣ Final Thoughts: Is This a Good Setup? 📌 Overall Bias: Bullish ✅ 📌 Breakout Confirmation Needed: Above 1.1450 - 1.1470 📌 Target: 1.1570 - 1.1600 🎯 📌 Risk Management: Stop-loss below 1.1300 If CHF/USD sustains momentum above resistance, traders can anticipate a strong bullish rally toward the projected target. However, it’s essential to wait for confirmation before entering long positions. 📈🔥
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
AUDCAD - Bulls Steppin in!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈AUDCAD has been overall bullish trading within the rising wedge pattern marked in blue. Today, AUDCAD is retesting the lower bound of the wedge. Moreover, it is approaching its previous weekly low. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of weekly low and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #AUDCAD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
4
Gold (XAU/USD) - Head & Shoulders Breakdown & Bearish MoveOverview of the Chart & Market Context The 1-hour chart of Gold (XAU/USD) reveals a classic Head and Shoulders (H&S) pattern, a well-known bearish reversal formation. This pattern suggests that the recent uptrend has lost momentum, and a potential downside move could be in progress. Currently, the price is testing the neckline, which serves as a key support level. If a decisive breakdown occurs, it could confirm further bearish momentum, leading to a sharp decline toward the projected target price of $2,995. Key Technical Analysis & Levels 🔹 Resistance Level & Reversal Zone (~$3,055–$3,060) The price attempted to break this resistance but faced strong rejection, forming the head of the pattern. The area was tested multiple times, confirming that sellers are in control. This level acts as a supply zone, preventing the price from moving higher. 🔹 Support Level (Neckline of H&S Pattern at ~$3,025–$3,030) This level represents the critical neckline, which has been tested multiple times. If price breaks and sustains below this support, the H&S pattern will be validated, signaling a deeper drop. A successful retest of the neckline as resistance could provide an optimal shorting opportunity. 🔹 Projected Target Price (~$2,995) The expected downside move is calculated using the measured move technique, measuring the distance from the head to the neckline. This target aligns with previous structure support, increasing its significance. Detailed Breakdown of the Head & Shoulders Pattern 📍 Left Shoulder Formation The market experienced an initial bullish push, reaching a local high, but sellers entered and pushed prices down. This formed the first lower high, hinting at potential weakness in the bullish trend. 📍 Head Formation After retracing from the left shoulder, buyers made another attempt to push prices higher. The price formed a new peak, but it was unable to sustain the breakout above the resistance level (~$3,055–$3,060). A sharp sell-off followed, reinforcing that sellers are dominant at higher levels. 📍 Right Shoulder Formation The price attempted another rally but failed to break the left shoulder’s high, creating the right shoulder. This failure confirmed a gradual loss of bullish strength. After forming the right shoulder, the price began to drop toward the neckline support. 📍 Breakout Confirmation & Bearish Price Action The price has now broken the neckline (~$3,030), indicating an early-stage breakdown of the H&S pattern. If the breakdown holds, further downside movement toward $2,995 is likely. A retest of the neckline as new resistance would be an ideal entry point for short positions. Trade Setup & Risk Management 📌 Potential Short Trade Setup: Entry: After a confirmed break and retest of the $3,030 neckline. Stop-Loss: Above the right shoulder (~$3,045–$3,050) to minimize risk. Take-Profit: Around $2,995, aligning with the measured move. 📌 Risk Factors & Market Conditions: If the price fails to hold below the neckline, it could indicate a false breakdown and a possible bullish reversal. Macroeconomic data (such as interest rates, inflation, and geopolitical tensions) may impact gold prices. Traders should watch for volume confirmation – increased selling pressure strengthens the validity of the breakdown. Final Thoughts & Market Outlook 📉 The Head and Shoulders pattern signals that gold is losing bullish momentum, with a potential drop toward $2,995. 🔍 A break and retest of the neckline as resistance would confirm further downside movement. ⚠️ However, a failed breakdown could lead to a recovery, so traders should wait for confirmation before entering trades. 💬 What do you think about this setup? Are you going short on gold? Drop your thoughts in the comments below! ⬇️
OANDA:XAUUSDShort
by GoldMasterTrades
Hidden Forces: Decoding Buyer & Seller Activity on ChartsTotal Volume vs. Volume Delta: The total volume on the chart includes both buys and sells, making it less useful for analysis. Volume Delta, however, shows whether buyers or sellers dominated within a candle. A green Delta candle means more aggressive retail buying; a red one means more retail selling. This helps analyze market sentiment beyond price movement.
 Price & Delta Relationships: 1. Price and Delta move together → Organic movement, likely driven by retail. 2. Delta moves, but price doesn’t → Retail is heavily biased in one direction, absorbing limit orders. Possible smart money trap. 3. Price moves, but Delta doesn’t → Retail didn’t participate in the move. Lack of belief or failed market-making attempt. 4. Price moves against Delta → Strong indication of market manipulation. Large players using aggressive strategies against retail.
 Market Manipulation & Smart Money: * Whales leverage retail psychology and order flow to position themselves. * Retail often gets caught in fake moves, unknowingly providing liquidity to big players. Final Thought: By analyzing Delta and price movement together, we can spot hidden large buyers and sellers and understand market dynamics beyond surface-level price action.
Education
by supremum_ar
2025-03-20 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. nasdaq e-mini futures comment: Market is contracting and I highly doubt tomorrow will bring the breakout. Next week we will either see the beginning of a big second leg down for the bears or a higher pullback to maybe 21k. The past days market has gone nowhere and mean reversion was the money printer 19900 is the fair price for now and anything above 20165 or below 19600 would surprise me. Market is in total balance but since bulls could not get a decent pullback, bears are favored to continue the bear trend. current market cycle: strong bear trend but currently in W2 key levels: 19600 - 20200 bull case: Bulls have strong legs from higher lows up to print lower highs. They are quick to exit and lock in profits, since bears have demonstrated strength for 5 weeks straight. This week the pullback should have gone much higher and it was a really bad week for bulls. Likely more pain to come. Whats the likelihood of a strong bull trend day tomorrow? Very, very low. We are in a bear flag on the daily chart and bulls have tried for 3 days now to make higher highs. I doubt it will work on Opex. Many times the market will oscillate around the price where market makers want it to close into Opex. This does seem to be such a week. Invalidation is below 19604. bear case: Bears are doing what they needed to, in order to make this bear trend really look like one and a strong one at that. They are currently fine with 19900 and going sideways, knowing that the odds of a trend resumption down are greater for them than a surprise bull breakout. short term: Neutral around 19900. Bearish below 19600 and bullish above 20200 but the signals would have to be insanely strong for me to take them. Mean reversion was key this week and I won’t do dumb things on Opex. medium-long term - Update from 2024-03-16: My most bearish target for 2025 was 17500ish, given in my year-end special. We don’t know if we have printed the W1 of the new bear trend or repeat the pattern from 2024, where we sold of very strong to reverse even more strongly and make new all time highs. Market needs a bounce and around 20000/20500 we will see the real battle for the next weeks. trade of the day: Bars 66 to 86 were strong enough and had 3 legs up. Market then was close enough to previous resistance and bears printed stronger bear bars 91, 5+6, 8 and 15 -17. 18 was the absolute latest you had to get short, since market demonstrated more than enough at that point, that it does not want to go up anymore. Short with a stop above y high was banger. Could you have taken the long from 19765 up to 20100? Certainly not on Bar 24 or 25 but bar 35 was a huge bull surprise on the open and we printed a double bottom at y low. Longs since bar 36 were decent with 200 points upside potential while stop had to be 150 points.
CME_MINI:MNQ1!
by priceactiontds
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
Silver (XAG/USD) – Rising Wedge Breakdown & Bearish OutlookChart Overview This is a 1-hour chart of Silver (XAG/USD) from OANDA, showing recent price action forming a rising wedge pattern followed by a bearish breakdown. The price initially rallied within the wedge but failed to sustain gains above the key resistance zone, leading to a strong rejection and downward momentum. Key Chart Elements & Analysis 1. Rising Wedge Formation (Bearish Pattern) The market was in an uptrend, forming higher highs and higher lows within a rising wedge pattern. A rising wedge is a classic bearish reversal pattern, which indicates weakening buying pressure as price consolidates upward. The price eventually broke below the lower trendline, signaling a shift in momentum from bullish to bearish. 2. Resistance Zone & Rejection A strong resistance zone was identified around $33.80 - $34.20 USD (highlighted in blue). Price attempted multiple times to break above this level but faced selling pressure, leading to a sharp reversal. The final breakout attempt failed, confirming that sellers are in control. 3. Breakdown & Retest of Support After breaking down from the wedge, the price found temporary support around $33.20 USD, which aligns with a previous consolidation area. A retest of the broken wedge support turned into resistance, further confirming the bearish bias. The rejection from this level strengthened the case for a move lower. 4. Next Support Level & Target Projection The next significant support zone is around $31.95 - $32.00 USD (marked as the "Target" area). This level coincides with previous price action support, making it a high-probability bearish target. The breakdown is expected to follow a measured move projection, bringing price toward this level. Trade Plan & Execution Strategy 📉 Bearish Setup (Short Opportunity) Ideal Entry: A pullback to the previous support (now resistance) at $33.20 - $33.40 USD could offer an entry for shorts. Stop-Loss: Above $33.80 USD, just above the resistance zone. Target Levels: Primary Target: $32.50 USD Final Target: $31.95 - $32.00 USD Confirmation: Look for price rejection or bearish candlestick formations at resistance before entering. ⚠️ Risk Management & Considerations Bullish Scenario: If price reclaims $33.80 USD, the bearish setup could be invalidated, and a move higher toward $34.50 USD is possible. Market Conditions: Keep an eye on macroeconomic factors, news events, and USD strength, as they can influence silver prices. Conclusion: Bearish Outlook with Downside Target 🎯 The rising wedge breakdown signals further downside potential. A support retest rejection confirms selling pressure. $31.95 - $32.00 USD remains the main target, aligning with technical projections. Short positions with proper risk management remain favorable in this setup.
OANDA:XAGUSDShort
by GoldMasterTrades
EUR/USD 4H Analysis – Bearish Breakdown Setup1. Market Structure & Trend The EUR/USD chart shows a previous uptrend, confirmed by the ascending trendline, where the price made higher highs and higher lows. However, the trendline has now been broken, signaling a potential shift in market direction. The price is currently retracing from a key resistance zone, and a possible bearish continuation is expected. 2. Key Levels & Zones ✅ Resistance Zone (1.09563 - 1.1000): This blue-shaded area represents a strong resistance level, where sellers have stepped in multiple times. Price previously attempted to break this level but failed, forming a rejection. This suggests buyers are losing strength, and sellers are likely to dominate. ✅ Support Level (1.0800 - 1.0780): A critical support zone, which acted as a demand area in the past. If price breaks below this level with strong bearish momentum, it confirms a trend reversal. ✅ Target Level (1.06870): The next major downside target aligns with previous market structure and liquidity zones. This area marks a key demand zone, where buyers might step in again. 3. Trade Setup & Execution Plan 🔹 Entry Strategy A sell entry is ideal on a confirmed break and retest of the support zone at 1.0800. If price retests this level and forms bearish rejection candles (such as pin bars or engulfing patterns), it strengthens the bearish bias. 🔹 Stop Loss & Risk Management A stop loss should be placed above the resistance zone at 1.09563, ensuring a safe exit if the market reverses bullish. Risk-to-Reward Ratio (RRR): Entry: Below 1.0800 (after confirmation). Stop Loss: Above 1.09563 (resistance zone). Target: 1.06870 (support zone). RRR: Around 1:3, meaning potential profit is three times the risk. 4. Confirmation Indicators & Confluences ✅ Bearish Trendline Break: The ascending trendline has been broken, confirming a possible shift in trend. ✅ Support Flip: If the price breaks support and retests it as resistance, it confirms bearish continuation. ✅ Price Action Candlestick Patterns: Look for bearish engulfing candles, pin bars, or rejection wicks at key levels. ✅ Volume Analysis: Increased selling pressure after support break indicates strong bearish momentum. 5. Final Thoughts & Bias 📉 Bias: Bearish (Unless resistance is reclaimed). 💡 Key Watch: Break and retest of 1.0800 support for confirmation. ⚠️ Risk Management: Always use a stop loss to manage risk effectively. Conclusion This setup presents a high-probability short trade with a clear entry, stop loss, and target. Traders should wait for confirmation signals before executing the trade. If price breaks above resistance, the bearish outlook is invalidated. 🔔 Stay cautious and trade with discipline! 🚀
Short
by GoldMasterTrades