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Technical Analysis

GBP/USD Breaks Rising Channel – Bearish Target Ahead!Key Observations: Rising Channel: The price was trading within an ascending channel, bouncing between resistance and support. Breakout & Sell Signal: The price has broken below the channel support, indicating a potential trend reversal. Bearish Target: The next key support level is around 1.27024, aligning with a previous demand zone. Confirmation: If the price stays below 1.29165, further downside movement is likely. Trading Idea: Short Entry: After confirmation of a breakdown below support. Target: 1.27024 (next major support level). Stop Loss: Above 1.30127 (previous resistance). This setup suggests bearish momentum as long as the price remains below the broken support. Traders should watch for retests and volume confirmation.
Short
by PIPsOptimizer
2
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
Gold (XAU/USD) Bearish Reversal – Potential Sell SetupAnalysis Overview The 4-hour chart of Gold (XAU/USD) shows a possible head formation, indicating a potential trend reversal. The price has faced resistance near the 3,053 level, leading to a rejection. The current price action suggests a bearish movement, with a possible downside target at the support zones marked in the chart. Key Levels: 📍 Resistance: 3,053 📍 Current Price: 3,030 📍 Target Levels: 2,978 / 2,962 / 2,931 📍 Major Support: 2,881 Trading Plan 🔴 Sell Entry: Below 3,030 🎯 Target: 2,978 / 2,962 (Short-Term), 2,931 / 2,881 (Extended) 🛑 Stop Loss: Above 3,053 Technical Outlook The market structure suggests a potential breakdown. Confirmation will be needed through further bearish momentum. Traders should watch for rejection candles or breakdown from key levels. 📊 What’s Your Take on Gold? Will it hit the lower support levels? Let me know in the comments! 👇
OANDA:XAUUSDShort
by PIPsOptimizer
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
Bitcoin's Wedge Breakout – Big Move Incoming?"Key Observations: Descending Wedge Breakout: BTC has been trading within a descending wedge pattern, which is typically a bullish reversal formation. The price has now broken above the wedge, signaling potential upside momentum. Buy Setup: A buy entry is marked around $83,900 - $85,000. The stop-loss is placed near $79,154 - $80,000, just below the previous support. The target is set at $90,126, aligning with a key resistance level. Trade Strategy: Bullish case: If BTC sustains above the breakout level, it could rally toward $90,000+, offering a strong risk-reward opportunity. Bearish case: If BTC falls back below $83,305, it may invalidate the bullish breakout and revisit lower support. Conclusion: This setup suggests bullish potential with a favorable risk-to-reward ratio. Traders should monitor BTC’s reaction at the buy zone and adjust their stop-loss accordingly.
BINANCE:BTCUSDLong
by PIPsOptimizer
(BTC/USD) – Rising Wedge Pattern - Critical Breakout Setup🔍 Market Overview & Technical Breakdown Bitcoin (BTC/USD) is currently forming a rising wedge pattern on the 4-hour timeframe, which is a bearish signal indicating a potential reversal. The price action shows higher highs and higher lows, but the narrowing wedge suggests that buying momentum is weakening. BTC has been battling a major resistance zone around $85,000 - $87,500, struggling to break higher. If Bitcoin fails to hold above the key support level at $80,000, we could see a strong downside move. However, if BTC breaks the upper resistance, the bearish setup may be invalidated, opening the door for a push toward $95,000+. 📉 Rising Wedge Pattern (Bearish Formation) A rising wedge occurs when the price moves upward within two converging trendlines, making higher highs and higher lows but with a weakening bullish momentum. This pattern often breaks downward, leading to a sharp sell-off. Characteristics of This Wedge Formation: ✅ Upward Sloping Support & Resistance Lines: BTC is trending higher, but the slope is narrowing, showing a loss of bullish strength. ✅ Decreasing Volume: Volume is declining as price moves higher, indicating buyers are losing control. ✅ Bearish Breakout Probability: Rising wedges typically break down 75% of the time, suggesting a high likelihood of a drop below support. 🔑 Key Levels to Watch 🔺 Resistance Zones (Potential Breakout Levels) 1️⃣ $85,000 - $87,500 → Strong resistance; BTC has repeatedly failed to break above. 2️⃣ $90,000+ → A confirmed breakout would invalidate the wedge and shift the trend bullish. 3️⃣ $107,000 Target → If BTC breaks above resistance, we could see a move toward the psychological $100,000 - $107,000 level. 🔻 Support Levels (Bearish Breakdown Zones) 1️⃣ $80,000 - $82,000 → Key support within the wedge; a breakdown confirms the bearish move. 2️⃣ $75,000 → Strong historical demand zone; BTC could bounce here if it drops. 3️⃣ $70,000 and Below → Ultimate bearish target if selling pressure accelerates. 📈 Bullish vs. Bearish Scenarios ⚠️ Bearish Scenario (Rising Wedge Breakdown) 🔴 Entry: Below $80,000 (confirmed breakdown). 📉 Stop-Loss: Above $83,500 (to avoid fakeouts). 🎯 Take-Profit Targets: TP1: $78,000 TP2: $75,000 TP3: $70,000 🔹 Confirmation: Look for increased selling volume and a retest of $80,000 as resistance after breakdown. 🚀 Bullish Scenario (Breakout Above Resistance) ✅ Entry: Above $87,500, confirming bullish momentum. 📉 Stop-Loss: Below $85,000 (to minimize risk). 🎯 Take-Profit Targets: TP1: $90,000 TP2: $95,000 TP3: $107,000 🔹 Confirmation: BTC must break the wedge’s upper boundary with strong volume for bullish continuation. 📊 Technical Indicators & Market Sentiment 🔵 RSI (Relative Strength Index) Currently near 60 – Showing bullish momentum but not yet overbought. A move above 70 could signal an overbought market and potential reversal. 🔴 Volume Profile Volume is decreasing as BTC rises, suggesting a possible exhaustion of buying power. A breakout should be accompanied by strong volume to confirm bullish strength. 🟢 Moving Averages (EMA & SMA) BTC is trading above key EMAs (50 & 200), supporting the bullish case. A breakdown below the 50 EMA could accelerate selling pressure. 📢 Final Thoughts: High-Risk, High-Reward Setup 🚨 BTC is at a critical decision point! The rising wedge pattern suggests a bearish reversal, but confirmation is needed. If BTC breaks below $80K, expect a strong sell-off. However, if bulls manage to break above resistance, BTC could rally toward $100K+. 🔹 Risk Management Tip: ✅ Always wait for confirmation before entering a trade. ✅ Use stop-losses to protect your capital. ✅ Monitor volume & key levels for stronger trade signals. 🔥 What’s your take on this setup? Will BTC break down or push higher? Let’s discuss in the comments! 👇
BITSTAMP:BTCUSDLong
by GoldMasterTrades
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
Nightly $SPY / $SPX Scenarios for March 21, 2025 🔮 🔮 🌍 Market-Moving News 🌍: 🇯🇵📉 Japan's Inflation Data Release 📉: Japan will release its inflation figures for February on March 21. Analysts expect a slight decrease in the Consumer Price Index (CPI) from January's 4.0% to approximately 3.5%. This data could influence global markets, including the U.S., as it may impact the Bank of Japan's monetary policy decisions. ​ 📊 Key Data Releases 📊: 📅 Friday, March 21: 🛢️ Baker Hughes Rig Count (1:00 PM ET) 🛢️: Previous: 592 rigs​ This weekly report provides the number of active drilling rigs in the U.S., offering insights into the health of the oil and gas industry. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
1
Gold Forming Triangle Pattern in Wave IV - Potential BreakoutXAU/USD is currently displaying a textbook triangle consolidation pattern as part of what appears to be wave IV in its Elliott Wave sequence. This corrective structure is developing after a strong upward move and shows clear converging trendlines with alternating A-B-C swings. Technical Analysis: Price consolidating near $3,044 level with minor bearish bias labelled wave ((D)) A-B-C internal wave structure visible inside consolidation Potential wave ((iii)) price target at $3082.37 Triangle patterns typically represent consolidation before continuation of the primary trend. If this pattern completes as expected, we could see a final wave V impulse in the coming sessions. Watch for a breakout from this triangle formation - volume should increase to confirm the validity of the move. Target exit or adjust stops based on the direction of the breakout.
ICMARKETS:XAUUSDLong
by ElliottWaveFxMajors
#BROCCOLIUSDT is showing bearish potential SHORT BYBIT:BROCCOLIUSDT.P from $0.04545 🛡 Stop Loss: $0.04737 🕒 Timeframe: 1H ⚡️ Overview: ➡️ BYBIT:BROCCOLIUSDT.P is showing bearish momentum on the 1-hour timeframe after a significant drop from $0.06000 to the current consolidation zone of $0.4203–$0.4885. ➡️ The price recently tested the $0.04545 level (a possible retest of a broken support, now acting as resistance), which could serve as an entry point for a short. ➡️ The volume profile on the left shows strong buyer interest at $0.0325 (POC), which acts as a key support level. However, the lack of significant buying volume at current levels suggests potential for further downside. ➡️ The price structure remains bearish: lower highs and lows are forming after the drop. ➡️ The RSI (14) indicator on the 1H timeframe is presumably around 45 (based on price action), indicating neutral momentum with room for a downward move. 🎯 Take Profit Targets: 💎 TP 1: $0.04400 💎 TP 2: $0.04290 💎 TP 3: $0.04203 ⚡️Plan: ➡️ Entry: Sell below $0.04545 after the 1-hour candle closes below this level to confirm the rejection from resistance. ➡️ Stop Loss: Set at $0.04737, which provides a 7% risk from the entry point and protects against a potential breakout. ➡️ Risk/Reward Ratio: From 1:2 (for TP1) to 1:5 (for TP3), making this trade attractive from a risk management perspective. ➡️ After the drop, the price has stabilized, indicating possible consolidation or accumulation. ➡️ Resistance zone: $0.04885 (upper boundary of the current range). Technical Indicators: ➡️ The chart shows candles in red and green, reflecting bearish and bullish movements. ➡️ After the sharp decline, the price has formed lower highs and lows, but in recent hours, there’s an attempt at recovery. 📢 A price rejection below $0.04545 with increasing selling volume increases the likelihood of reaching the targets. 📢 The $0.04400 and $0.04290 levels may act as areas for partial profit-taking, so monitor price action in these zones. 📢 Risks: If the price breaks above $0.04885, it could signal a false breakdown and a potential reversal to the upside. In this case, consider reassessing the position. 📊 The decline in BYBIT:BROCCOLIUSDT.P aligns with cautious sentiment in the crypto market. 📊 As of March 20, 2025, BYBIT:BTCUSDT.P is trading around $90,000, showing signs of consolidation, which may pressure altcoins like BYBIT:BROCCOLIUSDT.P BYBIT:BROCCOLIUSDT.P is showing bearish potential on the 1H timeframe. ⚡️A confirmed rejection below $0.04545 is your signal to act!
Short
by MoriartyTrading
Gold/USD (XAU/USD)– Potential Bearish CorrectionKey Observations: Uptrend & Resistance: The price has been trending upwards within a parallel channel. It reached a resistance level around $3,064 - $3,055, where selling pressure is evident. Potential Pullback: The price is showing signs of rejection at resistance and could move lower. The first target for the pullback is around $3,013 - $2,964, which aligns with previous structure levels. A deeper correction could test support near $2,880 - $2,878. Trade Setup Idea: Bearish scenario: If price fails to reclaim resistance, traders may look for short opportunities targeting lower support levels. Bullish scenario: If price breaks above resistance, it could trigger further upside momentum. Conclusion: This chart suggests a possible short-term correction before determining the next move. Traders should watch price action near key levels for confirmation.
OANDA:XAUUSDShort
by PIPsOptimizer