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GBP/USD Downtrend Wedge Breakout Setup – Bullish Target AheadThe GBP/USD pair is currently displaying a downtrend wedge pattern, a structure that typically signals a bullish reversal when confirmed. The pattern is formed by a descending resistance trendline (in red) and a gradually sloping support line (in green), converging to a point. Price has bounced off the wedge’s support multiple times while forming lower highs, creating pressure that often leads to a breakout. As seen in the chart, the pair recently surged toward the upper resistance line and is now attempting to break above it. A successful breakout with bullish candle confirmation could lead to a strong move upward. 📈 Breakout Scenario If the price manages to close above the resistance zone (~1.3490–1.3500), it would confirm the wedge breakout. Based on the height of the pattern, the projected breakout target is around 1.3692. This target is calculated by measuring the vertical height of the wedge and adding it to the breakout point. Confirmation of breakout should ideally include a retest of the broken resistance acting as new support. 📉 Rejection Scenario However, if the breakout attempt fails and the price gets rejected again from the red resistance line, the pair could retest the wedge’s support area around 1.3360. A breakdown below the green zone would invalidate the bullish outlook and suggest continued bearish pressure. ⚙️ Strategy Tips Buy Setup: Enter after breakout candle closes above 1.3500 with stop loss just below breakout zone. Take Profit: Use the 1.3692 level as the primary target or scale out on the way up. Confirmation: Always wait for breakout confirmation before entering; avoid false breakouts. ✅ Conclusion This wedge breakout setup offers a bullish trading opportunity if confirmed. The clear structure, repeated tests of both support and resistance, and recent momentum build a strong technical case. Still, confirmation is key before initiating any positions. ================================================================= 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 TradZoo
BTCUSD Analysis | is 100k the Next Target?🔍 Chart Breakdown: Price previously formed a range under key resistance at $108,800. A Triangle Pattern emerged after a sharp rejection from the resistance zone. The recent breakdown from this pattern signals bearish momentum. Support Level: $100,513 — Key level to watch for a potential bounce or further breakdown. 📊 Scenarios to Watch: 🔴 Bearish Case (Preferred): Breakdown continuation below $104,000 could trigger a move toward the $100,500 support. Clean rejection from triangle breakdown area confirms the bearish structure. 🟢 Bullish Case (Less Likely): If BTC holds above $104,000 and breaks above the mid-range zone (~$106,500), a retest of $108,800 is possible. Watch for fakeouts at the top of the range. 💡Trade Ideas: Short opportunities on breakdown retest or rejection from $106,000–106,500. Potential long only if $108,800 is broken with strong volume confirmation. 🛑 Risk Management: Always use stop-loss. Monitor BTC dominance and macro sentiment for confluence. 💬 What do you think? Bearish breakdown or fakeout trap? Let’s discuss below!
BINANCE:BTCUSDShort
by James-Pipstr
HYPE/USDT Technical Analysis (4H Chart)🔍 HYPE/USDT Technical Analysis (4H Chart) High Time Frame (Daily): Bullish Despite recent pullbacks, the overall trend remains bullish on the daily timeframe. However, current price action suggests a potential fakeout or legitimate breakdown, as we test key structural and volume-based supports. Short-Term Time Frame (4H): Bearish The 4-hour chart displays clear bearish pressure, confirmed by the Three Black Crows candlestick pattern. This signals sustained selling interest and supports the current downward move. 🧱 Key Zones Supply Zone: $41.7 – $45.9 Strong resistance marked by prior selling pressure and overlapping FVGs. Demand Zone: $24.4 – $26.3 Historical area of buying support, aligned with a low-volume node and an unfilled FVG. 📏 Fair Value Gaps (FVGs) Above Price: Four 4H FVGs act as upside inefficiencies, offering targets in a bullish recovery: ~$34.9 ~$36.6 ~$37.8 ~$40.0 (psychological level & POC cluster) Below Price: One major 4H FVG remains unfilled, directly above the demand zone. 📐 Fibonacci Analysis Price is testing the Golden Pocket (0.618–0.65) from the recent swing low to high. A clean break below this area (with confirmation) targets the unfilled FVG around $30, and potentially the demand zone ($24.4–$26.3). 📉 Volume Profile Insight Volume is clustered around $34–$37, indicating strong past market participation. Very low volume between $29–$30, creating a volume void — if price loses support at the FVG and golden pocket, it could rapidly drop into the demand zone. 🔻 OBV Analysis (Volume Momentum) OBV has broken below a larger rising wedge, confirming bearish divergence. A falling wedge is now forming within OBV. Break below this wedge: Confirms further price breakdown. Reclaim of the larger wedge trendline: Suggests potential bullish reversal. ✅ Trade Scenarios 🔺 Bullish Scenario Trigger: Bullish reversal pattern at the golden pocket (e.g., double bottom, falling wedge, inverse H&S) + OBV recovery. Entry: Upon confirmation around $32.5. Targets: $34.9 (FVG) $36.6 (FVG) $37.8 (FVG) $40.0 (psychological) Stop: Below $30 or recent swing low (tight below FVG). 🔻 Bearish Scenario Trigger : Confirmed breakdown of golden pocket & 4H FVG with OBV falling wedge breakdown. Entry : Below $32.5 with confirmation (e.g., retest or strong momentum candle). Targets: $30.0 (psychological level) $28.5 (FVG zone) $26.3 → $24.4 (Demand zone) Stop : Above golden pocket resistance (~$33.8–$34.2). 📝 Conclusion: The market is at a pivotal point. A confirmed break below $32.5 could accelerate selling due to the volume gap, while a strong bullish reaction from the golden pocket could drive a recovery toward $40. Always wait for confirmation before entering either scenario.
by King_BennyBag
6
NZDUSD My Opinion! BUY! My dear subscribers, My technical analysis for NZDUSD is below: The price is coiling around a solid key level - 0.6015 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.6043 My Stop Loss - 0.5999 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GOLD (XAUUSD) – Wave b Complete? Preparing for Wave c RallyGold tapped into the key demand zone and swept sell-side liquidity (SSL) beneath wave (iii) lows. A five-wave decline appears complete, with wave (v) of b terminating just below the o.618 fib extension at 3344.86. 🟢 Wave c projection now in focus — looking for a 5-wave impulsive rally to develop. Targeting the Sell Zone between the 0.5–0.764 retracement (3395.87–3425.07). 🧠 Structure Notes: ✅ Imbalance Zone (IMB) formed during the breakdown has now been tapped 🔻 SSL swept + bullish reaction = potential change of state 🟢 Wave (i) and (ii) projection underway – price needs to maintain structure above 3357.43 for bullish continuation Targets: 3408.81 (0.618 Fib) Invalidation below: 3340.31 Momentum and RSI divergence support reversal
FX:XAUUSDLong
by EWaveInsights
XRP ANALYSIS🔮 #XRP Analysis - Update 🚀🚀 💲 As we said earlier #XRP performed the same. Resistance1 achieved easily. Now we can see that there is a formation of Falling Wedge Wedge Pattern in #XRP and we can see a more retest before a bullish movement again. 💸Current Price -- $2.1729 📈Target Price  --  $2.5964 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #XRP  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
EURNZD Breakout Incoming? Watch This Zone Closely!The Euro has broken out of a long-standing bearish trendline, signaling a potential shift in momentum. 🔍 Key Levels to Watch: Resistance: 2.0000 (psychological & technical level) Support: 1.9042 Current Price: 1.9202 What I'm Seeing: Price has broken the descending trendline and is consolidating above support. A successful retest of the 1.9042 support zone could trigger a bullish wave toward 2.0000. Two scenarios to watch: Aggressive move: Price continues upwards from current consolidation. Retest play: Price pulls back to support, forms a higher low, and then launches. 📊 Trade Idea (Not Financial Advice): Buy zone: 1.9050–1.9100 (upon confirmation) Target: 2.0000 Invalidation: Clean break below 1.9000 Momentum is building, and a rally toward 2.0000 could be on the horizon. Patience is key — wait for confirmation. What are your thoughts on EUR/NZD? Bullish or bearish?
Long
by James-Pipstr
XAUUSD Breakout Alert | Bullish Momentum in PlayGold has finally broken out of the consolidation zone that held price action for several weeks. The bullish trendline has acted as solid support, and now we're seeing strong momentum toward the key $3,500 resistance level. 🔍 Technical Setup: ✅ Price breakout from consolidation range ✅ Respecting a clean bullish trendline 📈 Immediate resistance at $3,490–$3,500 🔄 Potential for a retest before continuation Strategy Insight: We may see a minor pullback to the breakout zone (~$3,400–$3,420), which could offer a solid buy-the-dip opportunity before further upside. 🎯 Bullish Targets: $3,500 and beyond ⚠ Invalidation Zone: Break below trendline 📢 Gold traders—what’s your plan? Are you in or waiting for a retest? #XAUUSD #GoldBreakout #TechnicalAnalysis #PriceAction #ForexTrading #TrendlineSupport #TradingView
OANDA:XAUUSDLong
by James-Pipstr