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Symmetrical Triangle

GOLD → If you didn't catch the train, what should you do?FX:XAUUSD in a rally. Running into a train that is already in motion is prohibited due to the lack of ability to calculate risks. Ahead of the news, a correction is possible, which will allow us to find a place to trade Gold continues to update an all-time high on the back of expectations of retail sales in the US and the speech of Fed chief Powell. Price growth was supported by strong data from China, increased demand for “protective assets” due to geopolitical tensions and trade risks between the U.S. and China. Additional support was provided by forecasts of gold price growth from ANZ to $3,600 by the end of the year Technically, the psychological zones of interest 3325 - 3350 are ahead, from which a correction may form. The ideal scenario is to wait for a correction to local or intermediate support levels and only there look for an entry point. Resistance levels: 3318, 3335, 3350 Support levels: 3275, 3265, 3244 On the background of a strong bull market it is worth using as a productive strategy to trade on the breakdown of resistance in order to continue growth, but in this case we need to wait for consolidation, we do not have it. Or wait for correction, support retest and only then consider buying. Regards R. Linda!
FX:XAUUSDLong
by RLinda
2
COMI Egypt can exceed 104 in 6 monthsWeekly chart, The stock EGX:COMI has formed a symmetrical triangle chart pattern, and crossed the Resistance line R. One more week above R, to confirm, the target will be 104.3 - passing through several resistance levels as shown on the chart. A new entry (buy) can be made immediately before confirmation with higher risk, and consider a stop loss below 76.0 Technical indicators RSI and MACD are positive. NOTE: Keep a near Profit Protection/ Stop Loss level.
EGX:COMILong
by snour
CADJPY → Consolidation before the news. DowntrendFX:CADJPY continues to forge a downtrend, but within the current movement a symmetrical triangle of accumulative nature is forming The currency pair may continue its decline due to the strengthening of the Japanese Yen, while the Canadian is consolidating in a narrow range. The situation may be accelerated by today's news, namely Trump's speech, where he may announce new tariff measures. Technically, the price is correcting after the false break of 103.56, being below the previously broken upside support. Price is testing key resistance at 104.90, and against 0.5 Fibo is forming a false breakout. A consolidation below 104.69, a break of 104.525 could trigger further decline. Resistance levels: 104.900, 105.36, 105.74 Support levels: 104.525, 103.56 There are important news ahead, high volatility is possible, especially at the moment of Trump's speech, which may set a medium-term tone in the market. The currency pair is in consolidation on the background of the downtrend and the priority is to expect a continuation of the fall Regards R. Linda!
Short
by RLinda
2
Can EURUSD Take Out the Major High 1.12000?EURUSD Major Forex Pair Following Trump’s tariff policies announced on Friday, the price of the EURUSD forex pair broke the daily higher high structure and is now returning to retest that level. This morning, the price bounced off the 0.618 daily Fibonacci level, suggesting that it may move upward again, potentially reaching the major high around 1.12000 or hitting one of the Fibonacci extension levels. Price Action on the 4-Hour Chart I have shifted down to the 4-hour chart to analyze the price action in more detail. While it appears somewhat chaotic due to Friday's news and the aggressive bullish impulse, it’s encouraging that the price broke through the higher high structure and is now retesting it. At this point, I would like to see the price remain above the 0.618 daily Fibonacci level and stay within the upward trendline. Additionally, the price is forming a symmetric triangle. Once it breaks out of this pattern, I plan to enter a buy position with a risk-to-reward ratio of 1:2, targeting the supply area near the major high. I will provide an update as more price action develops later in the week, so stay tuned!
Long
by M-Floyd
Bitcoin's Symmetrical Triangle – a short trade possible here!Bitcoin is currently forming a symmetrical triangle on the 15-minute chart, with a falling resistance trendline and a rising support trendline. This setup is a classic indication of consolidation, and the price is likely to move for downside soon as it is reversing from upper band now. If Bitcoin manages to break above 83,737, we could see a breakout of this symmetrical triangle, On the flip side, if it breaks below the rising support, 82,313 could breakdown for downside and we can see further downside then, but now we are playing inside the symmetrical triangle only and we will try to book profit once price reaches lower band of the symmetrical triangle pattern. Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions. If you Found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
Short
by TraderRahulPal
BITCOIN → The price is consolidating, but there is a BUT!BINANCE:BTCUSDT is forming a consolidation after a false breakout of trend resistance. Against the backdrop of the global market crash (stock market, futures, forex) bitcoin looks quite strong, but I wouldn't get excited ahead of time Bitcoin is trading inside a downtrend and also inside a range (global 81200 - 88800 and local 81200 - 85600). As long as the price is inside the local range and below trend resistance it is worth considering selling. There have been periods in history when the price seemed strong in the moment, but then, bitcoin caught up with the fall of indices... The fundamental background for bitcoin is unstable: First of all, the price has hardly reacted in any way to the introduction of tariffs, backlash and economic data. The Fed is not giving a clear signal, the market is in uncertainty. Any info noise ( China, Fed rhetoric, company reports ) can cause shake-ups. But at the same time, the same old problems remain: the crypto community is not getting any support. Bitcoin's dominance is growing against the backdrop of its decline. Altcoins continue to storm the bottom. Technically , the situation is weak, the price cannot update local highs and consolidate above any strong support. It is possible to retest the trend resistance, or the zone of interest 85590 before the reversal and fall. Or, emphasis on the trigger 81187. A breakdown will provoke an impulse. Resistance levels: trend, 85585, 88840. Support levels: 81187, 78170, 73500 Buying in the medium term can be considered either after reaching the main target - 73-66K, or after the exit from the descending channel and price fixation above 88840. Now the emphasis is on a possible fall either from the resistance 85580, or when the support 81180 is broken Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
62
GOLD → It all depends on NFP and Powell....FX:XAUUSD got shaken by 600 pips on both sides. Technically, after such a move the price may go into consolidation, but the near-term outlook will depend on NFP and Powell. Gold hit a high of 3168 and went into correction. President Trump's imposed duties on imports from China (up to 54%) and other countries caused a sharp drop in the dollar and bond yields, reinforcing expectations of a Fed rate cut. Traders turned to profit-taking, which led to a correction. Now the market is waiting for the NFP report and Powell's speech. Weak data may return the upward momentum to gold, especially if the dovish rate expectations are confirmed. However, volatility may persist after the publication, given the impact of Friday's flows and Powell's speech Resistance levels: 3107, 3116, 3135 Support levels: 3086, 3067, 3055 Technically, it is difficult to determine a clear place from where to expect a move as there is news ahead (NFP, Powell's speech). But based on the falling dollar and high economic risks, we can bet on the continuation of the price growth from one of the mentioned support levels: 3086, 3067, 3055. Exit from the channel and consolidation of the price above 3110 - 3116 will again attract increased interest in buying Regards R. Linda!
FX:XAUUSDLong
by RLinda
26
Triangle Chart Patterns: How to Identify and Trade ThemTriangle Chart Patterns: How to Identify and Trade Them Triangle chart patterns are essential tools in technical analysis, helping traders identify potential trend continuations. These formations build as the price consolidates between converging trendlines, signalling an upcoming move in the market. In this article, we’ll explore the three types of triangle patterns—symmetrical, ascending, and descending—and how traders use them to analyse price movements. What Are Triangle Chart Patterns? Triangle chart patterns are a common tool used to understand price movements in the market. These patterns form when the price of an asset moves within two converging trendlines, creating a triangle shape on a chart. The lines represent support and resistance levels, and as they get closer together, it signals a potential breakout in one direction. Symmetrical, ascending, and descending are three types of triangle patterns. Each of these patterns reflects a different market sentiment, with symmetrical triangles showing indecision, ascending triangles suggesting a bullish bias, and descending triangles hinting at bearish momentum. These formations are useful because they help traders spot potential breakouts, where the price might move sharply up or down after a period of consolidation. It’s important to note that triangles and wedge patterns are similar but not the same. Both patterns involve converging trendlines, but wedges tend to slope upward or downward. Triangles, on the other hand, either feature one horizontal trendline and a sloping trendline or two sloping trendlines at roughly the same angle. Below, we’ll cover the three triangle types. If you’d like to follow along, head over to FXOpen and TradingView to get started with real-time charts. Symmetrical Triangle The symmetrical triangle is a popular chart pattern that shows up when the price of an asset starts consolidating within a tighter range. Unlike other triangle patterns, it doesn’t lean heavily in either direction—bullish or bearish—making it a neutral signal. It forms when buyers and sellers are in a bit of a standoff, with no clear trend in sight. However, this period of indecision often leads to a significant move once the price breaks out of the pattern. What Does It Look Like? - Two converging trendlines; - One sloping down from the highs (resistance); - One sloping up from the lows (support); - The price oscillates between these two lines, forming lower highs and higher lows; - The formation narrows as the lines get closer together, creating a point of breakout. What Does It Indicate? A symmetrical triangle pattern indicates a period of indecision in the market. Buyers and sellers are evenly matched, causing the price to move within a narrowing range. As it gets smaller, the pressure builds, and the price is likely to break out either up or down. Since the formation is neutral, the breakout could occur in either direction, and traders wait for this moment to see where the market is heading. How Do Traders Use It? Traders typically watch for a breakout from the symmetrical triangle to signal the next significant price movement. They often look for an increase in trading volume alongside the breakout, as this can confirm the strength of the move. In most cases, it’s used as a signal for potential price continuation. However, some traders see it as a reversal indicator, depending on what the preceding trend looks like. Ascending Triangle An ascending triangle is a bullish triangle pattern that’s often looked for when analysing potential price breakouts. It usually forms during an uptrend but may also appear in a downtrend. It suggests that buyers are becoming more aggressive, while sellers are struggling to push the price lower, creating a situation where the market might break upwards. What Does It Look Like? - A horizontal resistance line at the top (price struggles to break above this level); A rising trendline at the bottom, connecting higher lows (buyers are stepping in earlier each time); - The price moves between these two lines, creating a triangle shape; - The formation narrows over time, putting pressure on the resistance level. What Does It Indicate? An ascending triangle pattern signals that buyers are gaining control. While the price keeps hitting a ceiling (resistance), the higher lows show that the market’s buying pressure is increasing. This often leads to a breakout above the resistance level, where the price can make a significant upward move. Traders usually see this formation as a sign that the market is primed for a continuation of the current uptrend. However, sometimes it can appear in a downtrend and signal a trend reversal. How Do Traders Use It? Traders typically use the ascending triangle to spot potential breakouts above the resistance level. When the price finally moves and closes above this line, it’s seen as confirmation that the upward trend is continuing. Many also pay close attention to the trading volume during this breakout—rising volume can confirm that the breakout is genuine. In some cases, the price may break through the resistance quickly, while in others, it could take time before the upward move happens. There may also be false breakouts before the true bullish move occurs, with the price typically closing below resistance. Descending Triangle A descending triangle is a bearish chart pattern that signals potential downward movement in the market. It typically forms during a downtrend but can also appear in an uptrend. It shows that sellers are becoming more dominant, while buyers are struggling to push the price higher, which could lead to a breakdown below a key support level. What Does It Look Like? - A horizontal support line at the bottom (price struggles to break below this level); - A descending trendline at the top, connecting lower highs (sellers are pushing the price down); - The price moves between these two lines, creating a triangle shape; - The formation narrows over time, with the pressure building on the support level. What Does It Indicate? A descending triangle chart pattern suggests that sellers are in control. While the price holds at the support level, the series of lower highs shows that selling pressure is increasing. This often leads to a breakdown below the support line, where the price might experience a sharp decline. Traders see the formation as a bearish signal, indicating that the market could continue its downward trend. How Do Traders Use It? Traders typically use the descending triangle to identify potential breakdowns below the support level. When the price falls and closes below this line, it’s considered confirmation that the sellers have taken over and that further downside movement could follow. Similar to other triangle patterns, it’s common to watch for a rise in trading volume during the breakdown, as it can confirm the strength of the move. It’s also possible to see false breakouts below the support level when the price closes back inside the pattern almost immediately. How Traders Use Triangle Patterns in Technical Analysis These patterns are just one piece of the puzzle in technical analysis, but they can offer us valuable insights when used correctly. Triangle Pattern Trading: Entry, Stop-Loss, and Profit Targets Entry Points Traders typically wait for a confirmed breakout from the triangle formation’s boundaries before entering a trade. For ascending triangles, this means watching for the price to break above the upper trendline (resistance), while for descending triangles, they look for a breakdown below the lower trendline (support). In a symmetrical triangle, the breakout may be in either direction, usually informed by the broader market trend. The entry is often confirmed by a closing candle above or below these key levels to reduce the risk of false breakouts​. Stop-Loss Placement Stop-loss orders are crucial here. For ascending triangles, stop losses might be placed just below the last swing low, while for descending triangles, they might be set just above the recent swing high. In the case of symmetrical triangles, traders often place the stop-loss just outside the formation’s apex. Profit Targets To set profit targets, traders typically use the triangle's height (the distance between the highest and lowest points). This height is then projected from the breakout point, offering a realistic target for the trade. For example, if a triangle stock pattern’s height is $10 and the breakout occurs at $50, the target would be $60 for a bullish move​. Combining with Market Context Triangles may become more reliable when considered in the context of the broader market environment. Traders don’t just look at the pattern in isolation—they analyse the prevailing trend, market sentiment, and even macroeconomic factors to gauge whether a breakout aligns with the larger market movement. For instance, an ascending formation in a strong uptrend adds confidence to the idea of a bullish breakout. Using Other Indicators for Confirmation While triangles provide a useful framework, they’re usually combined with other technical indicators for confirmation. Traders often align triangles with volumes, moving averages, or momentum indicators to assess whether the breakout has strong support behind it. For instance, a breakout confirmed by high volume or a moving average crossover might add confluence to the trade. Limitations and Considerations of Triangle Patterns Triangles are useful tools in technical analysis, but they come with limitations and important considerations. While they can signal potential breakouts, it’s essential to approach them cautiously. - False Breakouts: Triangles often experience false breakouts, where the price briefly moves beyond the trendline but quickly reverses. This may trap traders in unfavourable positions​. - Subjectivity: These formations are open to interpretation. Different people may draw trendlines slightly differently, leading to varying conclusions about where the breakout occurs​. - Need for Confirmation: Relying solely on patterns can be risky. They may work better when combined with other indicators, such as volume or moving averages, to confirm the trend direction. - Market Conditions: In volatile or news-driven markets, chart patterns may not behave as expected, reducing their reliability. They may provide false signals or lose significance in these situations. The Bottom Line Triangle chart patterns are popular tools among those looking to analyse market movements and potential breakouts. Whether it’s a symmetrical, ascending, or descending triangle, these patterns provide valuable insights into price consolidation and future trends. While no pattern guarantees a winning trade, combining triangles with other indicators may improve market analysis. Ready to apply your knowledge? Open an FXOpen account to explore chart patterns in more than 700 live markets and take advantage of our low-cost, high-speed trading environment backed by advanced trading platforms. FAQ What Is a Triangle Chart Pattern? A triangle chart is a pattern in technical analysis that forms when the price of an asset moves between converging trendlines, creating a triangle shape on a price chart. They typically signal a period of consolidation before a strong potential breakout in price. What Are the Patterns of Triangles? There are three main types of triangles in chart patterns: symmetrical, ascending, and descending. Symmetrical triangles indicate indecision in the market while ascending triangles are often bullish, and descending triangles tend to be bearish. How to Trade a Triangle? Traders typically wait for a confirmed breakout from the triangle’s trendlines. According to theory, entry points are based on a breakout above resistance or below support, with stop-loss orders placed just outside the triangle. Profit targets are often set based on the height (the distance between the highest and lowest points) of the pattern. What Is the Triangle Pattern Strategy? The triangle pattern strategy involves waiting for a breakout and using the formation’s height to set profit targets. It’s combined with tools like volume, moving averages, and momentum indicators to confirm the move and avoid false breakouts​. Is the Triangle Pattern Bullish or Bearish? They can be both bullish and bearish. Ascending triangles are generally seen before a bullish movement, descending triangles are bearish, and symmetrical triangles can be either. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
ICID Egypt - A bullish long-term patternWeekly chart, The stock EGX:ICID is trading inside a symmetrical triangle pattern between Support and Resistance lines (S and R) The technical indicator RSI can be seen as drawing the same pattern (waiting for crossing up the R RSI line as a confirmation). MACD is crossing up its signal line.. However, it is still technically negative. So, I can expect a new bullish movement towards the Resistance line (at around 4.45) Crossing up the R line and trading above it for 3 weeks - with high volume, the long term target will be 7.45 NOTE: Consider a near profit protection / stop loss level for this stock, as it is volatile and impulsive!
EGX:ICIDLong
by snour
IPUSDT → Exit from the triangle may trigger a distribution ofBINANCE:IPUSDT.P is forming positive preconditions for possible growth. Bitcoin slightly revitalized the market after positive news related to SEC and XRP (the crypto community did not miss this fact) The IP coin was in consolidation for a long time - a symmetrical triangle. Rising lows, consolidation, breakout of triangle resistance give positive signs of readiness for distribution (realization of consolidation). Ahead is the key resistance at 5.6297 separating the market from the free zone Resistance levels: 5.6297, 6.631 Support levels: 5.116, 4.783 Price has been sticking to triangle resistance for the past few days and is gaining potential for breakout and realization. Numerous intraday retests of the area indicate the market's interest to break beyond this zone. A breakout of 5.6297 and price consolidation above the triangle will be a good signal of readiness to go up. Regards R. Linda!
Long
by RLinda
2
BTC QUICK UPDATE!!🚀 Hey Traders! 👋 If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥 🔥 BTC/USDT – Symmetrical Triangle in Play! 🔥 BTC is currently forming a symmetrical triangle on the 4hr time frame, facing strong resistance at the upper trendline. For a bullish breakout, BTC needs to close above the $88.3k resistance level. 📉 Bearish Scenario: If BTC rejects from this resistance and breaks down from the triangle, we could see a short-term decline in price. 💡 Bullish Outlook: The more BTC tests the upper trendline, the weaker the resistance becomes, increasing the chances of a breakout. However, it’s best to wait for confirmation before turning fully bullish. 🔹 Key Levels to Watch: ✅ Resistance: $88.3k ✅ Support: $85k – $86k 💬 What’s Your Take? Do you think BTC will break out or get rejected? Share your analysis, predictions, and strategies in the comments! Let’s ride this market together! 💰🔥🚀
Long
by CoreCrypto1
ZEC/USDT: Breakout in Play – 100%+ Upside Move Incoming?🚀 Hey Traders! ZCASH Breakout Alert – 100%+ Move Loading? 👀🔥 If you’re pumped for this setup, smash that 👍 and hit Follow for premium trade ideas that actually deliver! 💹🔥 🔥 ZEC/USDT – Massive Breakout in Play! 🚀 ZEC is breaking out from a symmetrical triangle on the 6H timeframe and has successfully retested it, confirming the breakout. 💥 With this solid retest, ZEC looks poised for a 100%+ upside move. Long some here with low leverage and add more on dips to ride the wave higher. 🚀 💰 Trade Setup: 📍 Entry: CMP and add more up to $35 🎯 Targets: $41 / $52 / $63 / $72 📈 🛑 Stop-Loss: $32.80 ⚡ Leverage: Use low lev (Max 5x) 🔎 Strategy: ✅ Enter with low leverage now ✅ Add more on dips and ride the breakout momentum 🚀 💬 What’s Your Take? Are you bullish on ZEC’s breakout potential? Share your targets, analysis, and predictions in the comments! Let’s crush it and secure those gains together! 💰🔥🚀
Long
by CoreCrypto1
GOLD → Tense fundamental environment and retest of 3025FX:XAUUSD is forming a correction within the descending channel. The situation is becoming complex and confusing. The focus is on the channel resistance and on the support at 3004.9. Further price movement depends on the fundamental data... The problem is the uncertainty around the US tariff policy and the outcome of talks between Russia and the US on ceasefire in Ukraine. The market is focused on US consumer confidence data and comments from Fed officials. The rise in the dollar, supported by Bostic's hawkish statements and strong PMIs, is pressuring gold, but the lack of clarity on tariffs and geopolitical tensions are limiting its further decline Technically, the situation is simple in that it all depends on the resistance of the current channel. A break and consolidation above 3025 will trigger growth. A false break of the channel resistance will provoke a continuation of the decline both to 3004 and to 2980. Resistance levels: 3024.6, 3038, 3056 Support levels: 3004.9, 2987, 2981 Based on the difficult fundamental environment, which is far from any positive decisions, the tensions in the Middle East, and the tariff war, I can conclude that gold will try to strengthen once again, as we have technical support: a strong bullish trend, a strong 3004 level, and a cascade of locally rising lows. A failed breakdown will be false and in this case, a price consolidation under 3017 will trigger a fall to 3004. Regards R. Linda!
FX:XAUUSDLong
by RLinda
12
EUR/GBP (1H) Symmetrical Triangle Breakdown – Trade SetupThe EUR/GBP 1-hour chart presents a symmetrical triangle formation that has now broken to the downside, signaling a bearish continuation. This pattern is widely recognized in technical analysis and often acts as a continuation or reversal pattern, depending on the breakout direction. In this case, the price has breached the lower support boundary, indicating that sellers have taken control of the market. In this detailed analysis, we will explore the chart structure, key technical levels, potential trade setups, and risk management strategies to navigate this move efficiently. 1️⃣ Understanding the Symmetrical Triangle Formation A symmetrical triangle occurs when price action creates lower highs and higher lows, forming two converging trendlines. This reflects a period of market indecision, where buyers and sellers are evenly matched until a breakout occurs. 📌 Key characteristics of this triangle: ✅ Converging Trendlines – Representing lower highs and higher lows, suggesting market compression. ✅ Price Consolidation – The pair traded within this structure, awaiting a catalyst for breakout. ✅ Breakout Direction – A breakdown from the support level confirms a bearish move. Pattern Psychology: A symmetrical triangle often precedes a significant price move. Traders and investors monitor the breakout direction to determine the next trend. Here, the breakdown below the lower boundary signals a continuation of the prevailing bearish trend. 2️⃣ Key Levels & Chart Structure 🔹 Resistance Zone (Upper Boundary) – 0.84227 The upper trendline acted as a strong resistance level, preventing price from breaking higher multiple times. The yellow-highlighted area represents a supply zone, where selling pressure was dominant. Price attempted to break above this region but failed, confirming bearish dominance. 🔹 Support Level (Lower Boundary) – 0.83500 The lower boundary of the triangle previously held as support, where buyers attempted to push the price higher. However, once price broke below this support, it confirmed a bearish trend continuation. The blue horizontal support line represents a potential retest area, where sellers may step in again. 🔹 Breakout Confirmation & Price Action The chart clearly shows a bearish breakout, as price broke through the lower trendline. Retest Probability: Many breakouts experience a pullback to the broken support (now resistance) before resuming the downtrend. The dashed black lines illustrate the expected bearish move, with a potential decline towards 0.82815. 3️⃣ Trading Plan & Entry Strategy Based on this setup, traders can capitalize on the bearish move using a structured trading plan: 📌 Bearish Trading Setup (Short Position) ✔ Entry Strategy: Traders can enter a short position either immediately after the breakout or after a retest of the broken support at 0.83500 - 0.83700. The ideal confirmation would be bearish candlestick patterns, such as an engulfing candle or pin bar rejection on the retest. ✔ Stop-Loss Placement: To mitigate risk, a stop-loss should be placed above the previous resistance level (0.84227). This ensures protection against fake breakouts or sudden reversals. ✔ Target Price (Take Profit Level): The measured move of a symmetrical triangle breakout is typically equal to the height of the triangle. Based on this projection, the expected target is around 0.82815, a significant support level. Traders may also scale out at intermediate levels (0.83000) to lock in profits. ✔ Risk-Reward Ratio (RRR): A well-structured trade here presents an attractive RRR of approximately 1:3, meaning the potential reward is three times the risk. A higher RRR enhances the probability of profitability over multiple trades. 4️⃣ Market Context & Fundamental Analysis 🔍 Why Is EUR/GBP Dropping? While technical patterns are valuable, traders must also consider fundamental factors that drive currency pairs. 🟢 Possible Bearish Catalysts for EUR/GBP: GBP Strength: If the British Pound (GBP) strengthens due to strong economic data or hawkish Bank of England (BoE) policy, EUR/GBP may continue declining. EUR Weakness: The Euro (EUR) may be under pressure due to weak GDP growth, higher inflation, or dovish European Central Bank (ECB) statements. Geopolitical Events: Any negative news impacting the Eurozone (e.g., political instability) could trigger further selling pressure on EUR/GBP. 5️⃣ Risk Management & Alternative Scenarios While the current outlook favors a bearish move, traders must remain prepared for alternative scenarios. ⚠ Alternative Scenarios: 📌 False Breakdown: If price closes back above the support level (0.83500 - 0.83700), it could indicate a failed breakout, potentially leading to a bullish reversal. In this case, a breakout above 0.84227 would invalidate the bearish setup. 📌 Sideways Consolidation: If the price stalls around 0.83300 - 0.83500, the market may range before the next move. Traders should wait for clear confirmation before entering new trades. 6️⃣ Summary & Key Takeaways ✅ Pattern Identified: Symmetrical Triangle Breakout (Bearish). ✅ Breakout Direction: Price has broken below support, confirming a downtrend. ✅ Trade Setup: Sell below 0.83500 (or on retest at 0.83700). Stop Loss: Above 0.84227 (previous resistance). Take Profit: Targeting 0.82815 based on the pattern’s measured move. ✅ Risk-Reward: Favorable, offering 1:3 or higher RRR. ✅ Fundamental Drivers: GBP strength or EUR weakness could accelerate the downtrend. 📢 Final Thoughts This symmetrical triangle breakdown offers a high-probability trading opportunity for short sellers, with a clear technical structure supporting the bearish move. However, traders should remain cautious of false breakouts and adjust stop-loss levels accordingly. For best results: ✔ Wait for price action confirmation (retest rejection or bearish candle formations). ✔ Follow proper risk management (stop-loss placement and profit-taking levels). ✔ Monitor key economic events impacting EUR and GBP movements. By combining technical analysis, fundamental insights, and sound risk management, traders can enhance their profitability and navigate the markets with confidence. 🚀📉
Short
by GoldMasterTrades
XAU/USD Symmetrical Triangle Pattern Breakdown – Trading Setup📌 Chart Overview The chart represents the Gold Spot (XAU/USD) on a 1-hour timeframe, where the price is currently consolidating within a symmetrical triangle pattern. This pattern consists of a series of lower highs and higher lows, indicating market indecision. However, as price approaches the apex of the triangle, a breakout is imminent, making this a high-probability trading opportunity. The analysis suggests a potential bearish breakdown, with price action likely to drop toward key support levels if the lower boundary of the triangle is breached. 📊 Breakdown of Key Chart Elements 1. Symmetrical Triangle Formation The symmetrical triangle is a well-known technical pattern that signals a period of consolidation before a significant move. It forms when: Buyers and sellers struggle for control, resulting in a narrowing price range. A breakout occurs when one side gains dominance, leading to an expansion in volatility. In this chart, the price is trapped within the triangle, gradually forming a squeeze, and a breakout is highly likely. 2. Resistance & Support Levels Understanding key support and resistance zones is crucial in determining the next price direction. 🟧 Resistance Zone (~3,030 – 3,058 USD) Marked in yellow, this area has acted as a strong resistance. Multiple rejection points suggest that bulls are struggling to push prices higher. If price breaks above this zone, it could trigger a bullish rally. 🟦 Support Level (~2,990 USD) This is a critical support zone that has been tested multiple times. The lower boundary of the triangle aligns with this level. A clean breakdown will likely trigger stop losses and aggressive selling pressure. 📉 Expected Breakdown & Price Projection The price is currently trading near the lower boundary of the symmetrical triangle. Based on technical probabilities, the higher likelihood is a breakdown, which is why the trade setup leans towards a short-selling opportunity. 3. Retesting Area (~3,015 – 3,020 USD) If price breaks below the triangle, it may retest the broken support before continuing downward. The retesting area is a critical zone where sellers may re-enter to drive prices lower. A failed retest (bounce back inside the triangle) would invalidate the bearish setup. 📈 Trading Strategy & Execution Plan This setup presents a well-structured short-selling opportunity based on the expected breakdown scenario. 🔽 Short Entry Strategy Entry Confirmation: Short position can be taken once price breaks and closes below 2,990 USD (triangle support). Retest Entry: If price retests the breakdown zone (around 3,015 – 3,020 USD) and rejects, it confirms the bearish bias. Aggressive Entry: Traders who take early positions can enter a short once price approaches the lower triangle boundary with a tight stop-loss. 🎯 Target Levels Upon confirmation of a breakdown, price action is likely to follow a measured move toward the following downside targets: Target 1: 2,942 USD (first major support level) Target 2: 2,920 USD (next key demand zone) These levels are determined by previous price reactions and historical support zones. 🛑 Stop-Loss Placement To manage risk, a stop-loss should be placed above the recent swing high to protect against a fake breakout. Safe Stop Loss: Above 3,058 USD (strong resistance zone). Aggressive Stop Loss: Just above the breakout retest zone (~3,030 USD). 📌 Market Psychology & Risk Management Traders should consider the psychological aspects behind this setup: Bullish traders may attempt to defend the support zone, but a failure will lead to panic selling. Smart money (institutional traders) often use fake breakouts to trap early sellers before driving the price lower. Wait for confirmation before entering trades to avoid being caught in false moves. Risk-Reward Ratio (RRR) Entry: ~2,990 USD Target 1: 2,942 USD Target 2: 2,920 USD Stop Loss: 3,058 USD This setup offers an excellent risk-to-reward ratio (RRR), making it a high-probability trade. 🔎 Conclusion & Final Thoughts The symmetrical triangle is at its final stage, and a breakout is imminent. A break below 2,990 USD will likely confirm a bearish move. Retesting the breakdown zone (3,015 – 3,020 USD) is crucial for short entries. Downside targets are 2,942 USD and 2,920 USD based on historical support zones. Proper risk management is essential—always use stop-losses to mitigate potential losses. This setup presents a strong opportunity for short traders, but patience is key. Traders should wait for confirmation before committing to a position.
OANDA:XAUUSDShort
by GoldMasterTrades
ETH at a Make-or-Break Level – What’s Next?🚀 Hey Traders! If you're getting value from this analysis, smash that 👍 & hit Follow for high-accuracy trade setups that actually deliver! 💹🔥 🚨 ETH Update – Critical Level Ahead! ETH is currently forming a symmetrical triangle on the 2-week timeframe and is now testing the lower trendline. With 4 days left before the candle closes, this level is crucial! 🔥 📌 What’s next? ✅ If ETH bounces from here, we could see a strong bullish move in the coming days. ❌ Invalidation: A close below $1850 could trigger further downside. 📉 Breakdown or Bounce? What’s your take? Drop your thoughts in the comments! 👇💬 🔔 Follow us for real-time updates and winning trade setups! 🚀
Long
by CoreCrypto1
2
BITCOIN → Flag (consolidation) before falling to 78-73KBINANCE:BTCUSD is consolidating after a short-squeeze relative to 85-87K. A bearish set-up is being formed, the break of which may strengthen further decline to the key target of 73K A symmetrical triangle is forming within the downtrend on D1, a breakdown of this structure may strengthen the decline. Locally, within the channel a flag - bearish figure is formed (on the local TF false uptrend, the crowd enters to buy from the support or at the break of local resistance, at accumulation of the necessary potential the big player removes the limit order and releases the price, which is dispersed by liquidation of traders), regarding 85K-86.6K the liquidity capture is formed and the price returns to the selling zone. Consolidation below 85K may trigger a breakdown of the figure support and further fall to 80K-78K Fundamentally: the market sells off any positive news very quickly (negative background is created): crypto summits, (Trump said nothing new at the second summit) positive resolutions of problems (for example between SEC and XRP, or removal of restrictions from local exchanges) crypto reserve The only nuance, bitcoin's dominance index is still high despite the price drop... Resistance levels: 85150, 866700, 89400 Support levels: 82K, 80K, 78200 There are no positive signs for growth. The zone where we can consider a trend reversal ( if something supernatural happens ) is 89-91K, but it is very far away. But now I would consider a breakdown of the flag, or 83.5 - 82.5 and price consolidation below this zone with the purpose of further fall to the local important level 78173. Then another consolidation or correction is possible before a further fall to 73.5K Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
45
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
AUDNZD strong bullish expectations AUDNZD pair which I am watching last 5 months, other my analysis on AUDNZD are attached, plus I am attach and CADCHF analysis its interesting to look, its almost same based on SYMMETRICAL TRIANGL. AUDNZD price is make bounce on trend line, its break upper trend line-SYMMETRICAL TRIANGL, plus CHANNEL on 4h TF is visible and its also breaked. Technicalls on medium and long term are strong bullish, when take all this parameters i am here still bullish. SUP zone: 1.09200 RES zone: 1.11500, 1.12400
Long
by DepaTrading
Powell’s Speech & Bitcoin’s Decline: Is More Downside Ahead? Today, Fed Chair Jerome Powell is set to speak, and traders should brace for potential market volatility! Given the recent economic data , his tone is likely to be balanced but leaning hawkish . Why a More Hawkish Powell? 1- Strong Job Market : Unemployment Rate : 4.1% (Still low) Non-Farm Payrolls (NFP) : 151K (Decent, but lower than before) Average Hourly Earnings : 0.3% (Steady wage growth) This suggests that the labor market remains resilient, which might discourage the Fed from cutting rates too soon. 2- Inflation Still a Concern : Wage growth and inflationary pressures persist, which means Powell may emphasize keeping rates steady longer to combat inflation. 3- Markets Are Too Optimistic on Rate Cuts : Investors are heavily betting on rate cuts in 2024, but Powell may push back against these expectations to prevent excessive risk-taking. Powell will likely maintain a cautious yet hawkish stance to manage expectations. Big price swings are expected across forex, crypto, and commodities—so stay alert! (Of course, this is just a personal analysis). In addition to Donald Trump , Signs Executive Order to Create Bitcoin Strategic Reserve Of course, today, we didn't see any strange movement in Bitcoin, and probably, the proverb " buy the rumor, sell the news " was fulfilled. ---------------------------------------------------------- Now let's take a look at the Bitcoin chart on the 1-hour time frame and also take help from technical analysis tools . Bitcoin ( BINANCE:BTCUSDT ) is in a Heavy Resistance zone($93,300_$89,250) and has started to decline from Potential Reversal Zone(PRZ) . From a Classic Technical Analysis , Bitcoin appears to move in a Symmetrical Triangle . According to Elliott Wave theory , Bitcoin has completed the Double Three Correction(WXY) , and we should wait for the next bearish wave . I expect Bitcoin to attack 200_SMA(Daily) again after breaking the lower line of the Symmetrical Triangle . Note: Bitcoin is likely to pump more if the symmetrical triangle's upper line breaks. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
54
Bitcoin (BTC/USD) – Symmetrical Triangle Breakout or Breakdown?Bitcoin is currently consolidating inside a symmetrical triangle on the 1H timeframe, preparing for a strong move in either direction! Key Levels to Watch: 📌 Breakout Target: $105,939 (+18%) 🚀 📌 Breakdown Target: $73,429 (-18%) ⚠️ 📌 Resistance Zone: $92,000 (important breakout level) 📌 Support Zone: $84,000 (potential breakdown zone) Technical Analysis: 🔹 BTC is forming a symmetrical triangle, which typically leads to a strong breakout or breakdown. 🔹 A breakout above $92,000 could send Bitcoin towards $105,939. 🔹 A breakdown below $84,000 could push BTC towards $73,429. 🔹 Confirmation with volume is key before entering a trade! Trade Plan: ✅ Bullish Scenario: Buy above $92,000, target $105,939 ❌ Bearish Scenario: Short below $84,000, target $73,429 🎯 Wait for a confirmed breakout or breakdown before entering a position. Bitcoin is at a critical decision point—which way will it go? Let me know your thoughts in the comments! 🚀👇
BINANCE:BTCUSDLong
by GoldMasterTrades
Bitcoin Threat - Last chance is now! Or crash to 40k! (-63%)Bitcoin crashed by 12% in the past few days to 86,800, exactly to the last available support of the whole bull market! This is the last support; otherwise, the bull cycle is over, and we will have a tremendous crash to 40K in 2025/2026. So why is this the last support? First, we need to look at the price action because bitcoin has been going sideways since November. We can clearly see an expanding triangle on the daily timeframe. Expanding triangles are very uncomfortable patterns for traders, as the whales take liquidity on both sides (buyers and sellers). And this is exactly what happened recently: Bitcoin crashed to 86.800 below the previous swing low and took all stop-loss orders from traders while remaining in the expanding triangle continuation pattern. Bitcoin really cannot afford another crash; otherwise, the bears will break the expanding triangle, and the bull market will end. Bitcoin must go up right now! I am bullish until the end, and I still see that Bitcoin is in an uptrend. But if the price falls below 86,800, expect 40k later in 2025/2026, so this is the last chance! What is also bullish? The price is still above the main green trendline. We want to see this trendline hold until the end of the bull market. From the Elliott Wave perspective, the price is starting last wave (5) to finish an impulse wave of higher degree. 125k is a significant resistance because of the 0.618 FIB extension. So, the threat is big for Bitcoin - 125k or 40k? Let me know in the comment section! (write 125k or 40k). Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
154
Bitcoin’s Symmetrical Triangle Breakdown – How Low Can It Go?Bitcoin ( CRYPTO:BTCUSD ) started to fall, as I expected in the previous post ; the question here is whether the fall continues or not . Today, I want to analyze Bitcoin for you in the 15-minute time frame . Bitcoin was able to break the Support zone($93,300-$90,500) and important Support line . Bitcoin also seems to have formed a Symmetrical Triangle Pattern and was able to break the lower line of the triangle. Educational Tip : The Symmetrical Triangle is a continuation pattern where the price consolidates into a narrowing range with lower highs and higher lows. It indicates indecision, with a breakout in either direction confirming the next trend. I expect Bitcoin to drop to the targets that I specified in my chart. Note: If Bitcoin goes above $95,850, we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
34