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EURUSD – Rising Wedge Breakdown | FVG in PlayEURUSD has broken down from a Rising Wedge pattern on the 1H timeframe, suggesting a bearish momentum shift after a strong rally. The current price action indicates a likely continuation lower, targeting the Fair Value Gap (FVG) zone and major support near 1.07047. 📊 Technical Breakdown 1. Rising Wedge Pattern A clean bearish rising wedge formed during the uptrend, with price contracting upward and volatility drying. The breakdown from this wedge came with strong bearish momentum, confirming the pattern's bearish bias. 2. Fair Value Gaps (FVGs) as Draws on Liquidity Two unmitigated FVGs lie below current price: First zone near 1.0780 Second deeper zone near 1.07047, aligning with the projected measured move of the wedge breakdown. These zones act as magnetic targets for price to fill inefficiencies and collect liquidity. 3. Bearish Retest Structure Price is currently forming a potential retest of the broken wedge structure, which could provide an ideal short entry opportunity. Expected continuation downward upon rejection from this retest zone. 🧠 Trade Idea Entry Zone: After confirmation of rejection near 1.0850 (retest of wedge) Target: 1.07047 (FVG & measured move confluence) Stop Loss: Above 1.0885 (above wedge structure) Risk-Reward: Solid setup with FVG and structure confluence ⚠️ Key Levels to Watch Resistance: 1.0850–1.0880 (wedge retest) Support/Target: 1.07047 (FVG fill + structure) Break back above 1.0900 invalidates the short setup.
Short
by ForexOptimizer
USDJPY – Major Symmetrical Triangle Breakdown | Retest PlayUSDJPY has recently broken down from a large symmetrical triangle pattern visible on the 4H timeframe. After a prolonged uptrend that formed the triangle structure, price decisively broke below the lower support line, indicating a shift in momentum from bullish to bearish. 📊 Technical Breakdown 1. Symmetrical Triangle Breakdown Price formed a classic symmetrical triangle pattern over several months. A strong bearish breakout occurred from the lower trendline, signaling a potential reversal. The projected measured move target from this breakdown points toward 141.526, representing a 6.5% decline. 2. Retest Zone Price has pulled back to retest the broken triangle trendline from below. This bearish retest setup is a textbook confirmation of resistance turning from previous support. The current consolidation suggests the market is gathering liquidity before a potential next leg down. 3. Market Structure & Momentum Lower highs and lower lows are now forming post-breakdown, confirming a bearish structure. A clear rejection from the retest zone around the 151.500–152.000 level would further validate the short thesis. 🧠 Trade Idea Entry Zone: On confirmation of rejection near the retest (~151.5 area) Target : 141.526 (Measured move from triangle breakdown) Stop Loss : Above the triangle high or above the recent swing (~153.00+) Risk-Reward : High probability play based on pattern + structure shift ⚠️ Key Watch Levels Resistance: 151.5–152.0 (triangle retest) Support/Target: 141.5 (measured move) Break above 153.0 will invalidate this bearish bias.
Short
by ForexOptimizer
JSE ALMI Take profit hit at 72,600 next trade is imminentInv Head and Shoulders formed on the 15 minute chart. We had an evidential Sell Side Liquidity Order block form around the Right Shoulder. This is where the price broke structure and we entered with our TP1 hitting 72,600. Next we have another setup preparing. We need the price to come back down to the most recent Sell Side Liquidity Order Block. sweep liquidity, turn up and break out of the downtrend . That's where we'll get our next Buy level around 72240. But I'll let you know as always!
JSE:J200Long
by Timonrosso
Algorand just broke above a Flag Pattern and heading up to 0.226Falling Flag formed on Algorand after the price previously went on a strong uptrend. We now have the price breaking up and out of the flag. Target 0.2261 Price >200 RSI =50 SMC Below the flag, we can see there is Sell Side Liquidity Order Block which is coming in with strong orders from Smart Money. This is where SM is sweeping selling orders and buying into them, which is pushing the price up. FACTS ABOUT Alogorand Algorand is a blockchain-based platform for developing decentralized applications (dApps). It was founded in 2017 by Silvio Micali, a computer science professor at MIT and a Turing Award recipient. It's designed to be a high-performing and secure blockchain platform that can process thousands of transactions per second. They use Pure Proof of Stake (PPoS), which allows for fast and secure transaction processing. Algorand has its own native cryptocurrency called ALGO, which is used to pay for transaction fees and to participate in the network's governance. Algorand has been used in a variety of applications, including real estate, gaming, and supply chain management.
Long
by Timonrosso