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Technical Analysis

EUR/USD Weekly Forecast: Rising Wedge Breakdown & Bearish TargetChart Overview: The provided EUR/USD daily chart displays a well-structured Rising Wedge pattern, which eventually led to a significant bearish breakdown. The analysis highlights key levels, including resistance, support, stop loss, and a downside target, all of which contribute to a well-planned trade setup. The market structure suggests a strong bearish continuation, targeting lower price levels based on technical projections. 1. Chart Pattern: Rising Wedge Formation & Breakdown A Rising Wedge is a bearish reversal pattern that forms when price creates higher highs and higher lows, but the slope of the trendlines indicates weakening bullish momentum. This pattern is often a signal of upcoming bearish price action once a breakout occurs. Pattern Breakdown Analysis: The price moved inside the wedge, showing a gradual upward trend with declining momentum. Upon reaching a key resistance level, price faced strong rejection (marked with a red circle). The bearish breakdown below the wedge confirmed the pattern, leading to a sharp decline. A retest of the broken wedge followed before continuing downward. This confirms a classic bearish trend reversal, making it a strong technical setup. 2. Key Levels and Trade Setup: 🔹 Resistance Level (Major Supply Zone) The resistance zone (highlighted in beige) acted as a strong supply area, where buyers lost control. Price reached this resistance multiple times but failed to sustain above it. A bearish reversal initiated from this level, marking the beginning of a downward trend. 🔹 Support Level (Key Demand Zone) The support zone (also highlighted) represents a major demand area where price previously reversed. This level aligns with historical price action, making it a critical area to monitor for potential reactions. 🔹 Stop Loss Placement A stop loss is placed above the previous high within the resistance zone to protect against false breakouts. If price invalidates the breakdown and moves above this level, the bearish setup would no longer be valid. 🔹 Price Target Projection The breakdown suggests a potential drop towards 1.00874, as indicated by the 100% measured move. This aligns with previous historical support, making it a realistic downside target. 3. Trade Execution Plan: How to Trade This Setup? 📌 Entry Strategy: Traders can enter short after confirmation of the breakdown and a potential retest. A sell position can be initiated around the resistance turned support after a pullback rejection. 📌 Stop Loss Strategy: A stop loss should be set above the resistance zone (around 1.12208) to minimize risk. This ensures protection against a bullish breakout invalidation. 📌 Take Profit Strategy: The first take profit target is set at the support level near 1.04498. The final take profit target is at 1.00874, which aligns with the full measured move projection. 4. Conclusion & Market Sentiment 🔸 Bearish Market Bias – The breakdown of the rising wedge confirms strong bearish momentum. 🔸 Key Resistance Held Strong – The price was unable to break above, confirming seller dominance. 🔸 Downside Target Aligns with Previous Support Levels – A confluence of technical signals supports further decline. Final Thought: This chart presents a high-probability bearish trade setup in EUR/USD. The combination of a rising wedge breakdown, clear resistance rejection, and a defined downside target makes it an ideal short-selling opportunity. Traders should watch for price action confirmations and risk management strategies before executing trades. 🚨 Risk Disclaimer: Always apply proper risk management and confirm signals before trading. Market conditions may change, so monitoring price behavior is crucial for trade adjustments.
Short
by GoldMasterTrades
TradeCityPro | ATOMUSDT Restarting Daily Analyses!👋 Welcome to TradeCityPro Channel! Let's get back to our daily analysis routine starting today! From now on, I’ll be sharing daily altcoin analyses again. Today, we’re focusing on one of my favorite coins for futures trading: ATOM. 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 Weekly Time Frame ATOM is currently neither in a great position nor in a terrible one. Unlike some altcoins like BNB, SOL, and SUI that have moved towards their highs, ATOM hasn’t made a significant move towards $44 yet. However, it also hasn’t lost its major lows. The strong green candle from the past two weeks bounced off the $3.728 support level, confirming that this level remains significant and won’t be easily lost. But this alone is not a reason to buy. After the candle closed, the price did not make a significant move. If you are holding ATOM (like me, as I have staked ATOM in my wallet), I would exit below $3.728 because there is a high probability of a sharp drop toward $1.824. For buying opportunities, setting a stop-buy order above $5.088 could be an option. We’ll discuss this more in the daily time frame section. 📉 Daily Time Frame After bouncing off the $3.58 support, we started a bullish move but couldn’t reach $14.184. Instead, after getting rejected at $10.434, we formed a lower high and continued the price correction. Following this rejection, we continued forming lower highs and lower lows based on Dow Theory. After breaking $5.665, which was an important support, we experienced a sharp drop, reaching the $3.585 support level. After bouncing, a V Pattern was formed. $4.948 is an important level to watch as it triggers both the V Pattern activation and the trendline breakout. I will only open short positions below $4.337, but I will not sell my coins unless $3.585 is broken, in which case I will exit my holdings. ⏳ 4H Time Frame After getting rejected at $4.948, the price dropped to the $4.424 support level. Since it’s Saturday and the market is relatively slow, we might see range-bound movement around this level. 🔴 Short Position: If $4.424 breaks and RSI enters the oversold zone with increased volume, we could see a short opportunity targeting $4.020. 🟢 Long Position: I am currently waiting and prefer to open a long position on MKR instead. I don't want to waste the $4.948 trigger, so I will wait for a confirmed breakout before entering a position. ✍️ Final Thoughts Stay level headed, trade with precision, and let’s capitalize on the market’s top opportunities! This is our analysis, not financial advice always do your own research. What do you think? Share your ideas below and pass this along to friends! ❤️
Long
by tradecitypro
6
JPY/USD Weekly Forecast – Falling Wedge Breakout & Bullish MoveChart Overview This chart presents a technical analysis of the Japanese Yen (JPY) against the U.S. Dollar (USD) on a daily timeframe, published on TradingView. The setup is based on a Falling Wedge pattern, which has led to a bullish breakout, signaling a potential price rally. Let's break it down step by step. 1️⃣ Identifying the Pattern – Falling Wedge Formation The primary pattern identified in the chart is a Falling Wedge, which is a well-known bullish reversal pattern. Characteristics of the Falling Wedge in this Chart: Two downward-sloping trendlines (black lines) forming a wedge shape. Price makes lower highs and lower lows, but the distance between highs and lows gradually narrows. The breakout occurs when price closes above the upper trendline, confirming a potential uptrend. Key Observations: ✅ The pattern starts forming around September 2024 and continues until December 2024. ✅ A breakout occurs at the end of December 2024, confirming bullish momentum. ✅ After breaking out, the price retests the wedge's upper boundary, acting as new support before continuing upward. 2️⃣ Support & Resistance Zones – Key Price Levels Support Level: The support zone is marked in a beige rectangle at the bottom of the chart. This is where buyers repeatedly stepped in, preventing further decline. The price touched this area multiple times before reversing upwards, making it a strong demand zone. Resistance Level: The resistance zone is identified at the top of the chart (shaded beige area). This level represents previous price peaks, where selling pressure was strong. The price is expected to face some resistance when approaching this zone. 3️⃣ Trend Reversal Confirmation & Bullish Structure After breaking out of the falling wedge, the price has started forming higher highs and higher lows, indicating an uptrend. Key Trend Indicators: ✔ Curved blue dashed line suggests an upward trajectory, confirming a rounded bottom reversal. ✔ Price is following a trendline support, validating bullish sentiment. ✔ Momentum is strong, and buyers are in control after the breakout. 4️⃣ Trading Setup – Entry, Stop Loss & Take Profit This analysis is structured into a trading plan with clear risk management. 📌 Entry Point (Buy Confirmation) Entry is ideal on a retest of the breakout zone or a continuation of the bullish structure. The recent higher low serves as a great point to confirm trend continuation. 📌 Stop-Loss Placement Stop-loss is placed at 0.006465 (marked in blue), below the latest support. This level ensures protection against false breakouts. 📌 Take Profit Target The target is set at 0.007128, aligning with historical resistance. If momentum remains strong, the price might push even higher. 5️⃣ Risk-to-Reward Ratio (RRR) & Trade Justification Risk-to-Reward Analysis: Stop-Loss: 0.006465 (below support) Entry Price: Around 0.006671 Target Price: 0.007128 Risk-to-Reward Ratio: Approximately 1:2.5, meaning for every $1 risked, there's a $2.5 potential gain. Trade Justification: ✔ Falling Wedge breakout is confirmed. ✔ Retest of broken resistance turned support gives an ideal entry. ✔ Bullish trend structure supports the upside move. ✔ Well-defined stop-loss and take-profit levels provide controlled risk exposure. 6️⃣ Final Thoughts & Conclusion 📌 This is a textbook bullish setup based on a Falling Wedge breakout. The combination of pattern breakout, trend structure, and strong support makes this a high-probability trade. 📌 Potential Risks to Watch: If price fails to hold above stop-loss, it could indicate bullish weakness. Major macroeconomic news or fundamental events can shift momentum. 📌 Overall Bias: ✅ Bullish towards the 0.007128 target, as long as the price remains above key support zones.
Long
by GoldMasterTrades
Bitcoin Weekly Forecast | Rising Wedge Breakdown & Bearish MoveIntroduction This Bitcoin (BTC/USD) 1-Day Chart Analysis highlights a critical market development: the breakdown of a Rising Wedge pattern, signaling a potential bearish trend. After reaching a new all-time high (ATH) resistance, BTC has shown weakness, confirming a possible reversal. This analysis covers key levels, trend structure, trading setups, and market psychology for traders looking to capitalize on this move. 1️⃣ Understanding the Chart Structure Rising Wedge Pattern – A Classic Bearish Reversal A Rising Wedge is a bearish technical formation that develops when prices rise within a narrowing range. It typically features: ✅ Higher Highs & Higher Lows: Suggesting bullish momentum, but the price action becomes weaker over time. ✅ Converging Trendlines: Showing a loss of buyer strength as each rally fails to make significant new highs. ✅ Volume Decline: As the wedge matures, volume decreases, confirming reduced buying interest. ✅ Breakdown Confirmation: A sharp drop below the lower trendline validates the bearish move. In this case, BTC followed all the classic wedge characteristics, and its breakdown has initiated a potential major correction. 2️⃣ Key Levels & Market Dynamics 🔵 Resistance Level + All-Time High (ATH) (~$110K-$115K) BTC reached its ATH resistance zone but failed to hold above it. The red arrow indicates the rejection at the top, where strong selling pressure emerged. Bulls attempted multiple breakouts but failed, leading to a reversal. 🟢 Support Zone (~$78K-$80K) – Weak Retest Before Breakdown The price initially bounced off this support but struggled to hold gains. The blue support level highlights a key zone where BTC found temporary stability. A weak rally followed, but the price got rejected again, confirming the bearish trend. 🔻 Major Bearish Target (~$48,920) Using the measured move theory, the projected drop extends to $48,920, a strong historical support. The black arrow points to the expected downward trajectory. 3️⃣ Trading Setup & Risk Management 🔽 Bearish Trade Setup (Short Position Strategy) For traders looking to short BTC based on this pattern, here’s an optimal trade setup: 🔸 Entry Point: Around $85K-$90K (post-retest of breakdown) 🔸 Stop Loss: Above $100K (invalidation of the bearish setup) 🔸 Take Profit Targets: TP1: $75K (minor support) TP2: $60K (psychological level) TP3: $48,920 (final bearish target) Alternative Scenario – Bullish Recovery? If BTC reclaims $100K+ with high volume, the bearish thesis is invalidated, signaling a continuation of the uptrend. A break above ATH ($115K) would confirm new bullish strength. 4️⃣ Market Sentiment & Psychological Factors 📉 Bearish Sentiment Strengthens: Rising Wedges often cause a bull trap, where buyers expect new highs but get caught in a reversal. Current price action suggests sellers are gaining control. ⚠️ Key Risks for Traders: False breakdowns can occur if BTC sees unexpected bullish news. Keeping an eye on fundamental developments (ETF approvals, macroeconomic conditions, etc.) is essential. Conclusion – BTC Heading for a Deeper Correction? Bitcoin’s Rising Wedge breakdown strongly suggests a continued bearish trend. Short opportunities are ideal below $90K, with downside targets near GETTEX:48K -$50K. If BTC regains $100K+, bearish outlook is invalid. 📊 Trading Recommendation: Monitor price action closely and adjust risk management accordingly! Would you like me to tweak any part of this analysis? 😊
BITSTAMP:BTCUSDShort
by GoldMasterTrades
Gold (XAU/USD) Technical Analysis – Next Week Big Move?The daily chart of Gold Spot (XAU/USD) presents a well-structured triangle pattern breakout, a strong uptrend, and a critical resistance zone near all-time highs (ATH). The price action suggests that gold is in a bullish phase but approaching a key decision point where it could either break higher or face a temporary pullback. This analysis provides a detailed breakdown of the pattern, key levels, potential scenarios, and trading strategies for the coming week. 1. Technical Chart Breakdown A. Triangle Pattern Breakout (Bullish Continuation) The chart shows a symmetrical triangle formation, which typically signals a consolidation phase before a major price movement. After a period of accumulation within the triangle, gold broke out upwards, confirming a bullish continuation pattern. This breakout was supported by strong volume and buying pressure, reinforcing the trend strength. B. Trendline & Support Levels (Key Areas for Buyers) A rising trendline has been acting as dynamic support, confirming that the market remains in a bullish structure. Major Support Levels: $3,000 – A psychological support level that may act as a bounce zone in case of rejection at resistance. $2,885 – A well-defined horizontal support level, previously tested multiple times. If the price falls below $2,885, it could signal a trend reversal or a deeper correction. 2. Key Price Levels & Market Sentiment A. Resistance & Target Levels (Where Sellers Might Step In) Primary Resistance Zone: $3,137 - $3,150 This level represents a combination of all-time high (ATH), historical resistance, and a key breakout target. If the price breaks and holds above this zone, it could trigger further upside towards $3,200 - $3,250. However, if sellers dominate at this level, a pullback or correction could occur. B. Stop-Loss & Risk Management Considerations Traders should be cautious around the resistance zone and place stop-loss levels strategically to manage risk. Stop-Loss Suggestions: For Long Trades: Below $3,000 (to protect against fake breakouts). For Short Trades: Above $3,150 (if price rejects resistance and starts a reversal). 3. Trading Strategy for Next Week Scenario 1: Bullish Breakout & Continuation If gold breaks and sustains above $3,137, it will confirm a bullish continuation. Entry Strategy: Look for a retest of the breakout level ($3,100 - $3,137) before entering long positions. Profit Targets: First Target: $3,200 Second Target: $3,250+ Stop-Loss: Below $3,000, to protect against sudden reversals. Scenario 2: Rejection at Resistance & Pullback If gold fails to break $3,137 and forms a bearish rejection candle, it may indicate a short-term pullback. Short Entry Strategy: Wait for confirmation of rejection with bearish price action signals (e.g., bearish engulfing, long upper wick). Downside Targets: First Target: $3,000 Second Target: $2,885 (major support) Stop-Loss: Above $3,150, to avoid being trapped in a false breakdown. Scenario 3: Bearish Reversal (Break Below $2,885) If gold falls below $2,885, it could signal a potential trend reversal. Short Trade Setup: Enter below $2,885, targeting $2,800 - $2,750 in the medium term. Stop-Loss: Above $2,900, in case of a false breakdown. 4. Indicators & Confirmation Signals A. Volume & Candlestick Patterns Watch for high volume during breakouts to confirm strength. Candlestick patterns such as bullish engulfing, hammer (for support bounces), or shooting star (for resistance rejection) can provide strong confirmation signals. B. RSI (Relative Strength Index) & Overbought Conditions If RSI is above 70, it could indicate that gold is overbought, increasing the likelihood of a pullback. If RSI stays above 50 but below 70, it confirms bullish strength. C. Moving Averages for Trend Confirmation 50-day and 200-day moving averages can act as additional support and resistance zones. If the price is above both moving averages, it confirms the bullish trend. 5. Conclusion – What to Watch for Next Week? ✅ If price breaks and holds above $3,137 → Expect continuation towards $3,200 - $3,250. ✅ If price rejects at $3,137 → Watch for a pullback towards $3,000 or $2,885 for re-entry. ✅ If price drops below $2,885 → Expect deeper correction with a shift in trend structure. 📌 Key Takeaway: Gold remains bullish, but traders should watch the resistance level at $3,137 closely for confirmation of a breakout or a possible reversal. Risk management is crucial in case of unexpected market shifts. Would you like me to add more insights using Fibonacci levels or historical trends? 📊🚀
OANDA:XAUUSDLong
by GoldMasterTrades
1
DKNG 1W – Technical and Fundamental AnalysisDKNG shares have broken a rising wedge on the weekly chart, reinforcing a bearish signal. The price is testing the $35.29 level after failing to hold above $36.88. A breakdown below $31.74 could accelerate a decline toward $28.67 and $14.89. RSI indicates weakening bullish momentum, MACD shows a bearish crossover, and EMA 50 and EMA 200 confirm a long-term uptrend but signal correction risks. Fundamentally, DraftKings remains a leader in online gambling, but its stock is sensitive to Fed rate decisions and macroeconomic conditions. The upcoming earnings report could also impact price action. Correlation with the Nasdaq and S&P 500 increases its dependence on overall market sentiment. A confirmed break below $31.74 could lead to further downside toward $28.67 and $14.89. If the price holds above $35.29, a recovery toward $36.88 is possible.
NASDAQ:DKNGShort
by TotoshkaTrades
8
#GPSUSDT is forming a bearish structure📉 Short BYBIT:GPSUSDT.P from $0.02888 🛡 Stop loss $0.02952 🕒 1H Timeframe ⚡️ Overview: ➡️ The main POC (Point of Control) is at 0.03326, marking the highest volume zone and a major resistance above the current price. ➡️ The 0.02952 level acts as local resistance and an ideal stop placement. ➡️ Price BYBIT:GPSUSDT.P has already tested the $0.02888 support — a confirmed breakdown could trigger stronger downward momentum. ➡️ Volume is increasing on the decline, supporting the sellers' pressure. 🎯 TP Targets: 💎 TP 1: $0.02850 💎 TP 2: $0.02810 💎 TP 3: $0.02787 📢 Watch for a clean break of the $0.02888 level — it could be the entry trigger for this short setup. 📢 If price pulls back above $0.02952, the short scenario becomes invalid. BYBIT:GPSUSDT.P is forming a bearish structure — continuation to the downside is expected if support fails.
Short
by MoriartyTrading
CADCHF Bullissh or Bearish ??? Detailed analysisCAD/CHF is currently trading at approximately 0.6150, forming a bearish flag pattern—a continuation signal that typically precedes further downward movement. This pattern emerges after a sharp price decline, followed by a consolidation phase characterized by parallel trendlines. A breakout below the flag's lower boundary could potentially lead to a decline of over 100 pips, aligning with the target price of 0.6000. Fundamental factors support this bearish outlook. The Bank of Canada (BoC) recently implemented a 25 basis point rate cut, reducing the benchmark rate to 2.75%. This move, aimed at stimulating economic growth amid trade tensions and weakened consumer confidence, has exerted downward pressure on the Canadian dollar. Conversely, the Swiss franc continues to benefit from its safe-haven status, attracting investors during periods of global uncertainty. Additionally, Switzerland's robust economic data, including a manufacturing PMI of 51.5 and a 4.0% rise in exports, further bolsters the franc's strength. Technical analysis further reinforces the bearish sentiment. The CAD/CHF pair has been in a steady downtrend, with minor retracements occasionally. Currently, the price is preparing for another retracement aimed at retesting the immediate supply zone. The 4-hour timeframe chart shows that the supply zone falls perfectly between the 76% and 88% Fibonacci retracement levels. The presence of a Fair Value Gap (FVG) and inducement contribute to the bearish leaning of the market sentiment. Analysts have set a target of 0.6051, with an invalidation point at 0.6231. Given these technical and fundamental factors, the CAD/CHF pair appears poised for a bearish breakout from the flag pattern. Traders should monitor key support levels and employ robust risk management strategies, such as setting appropriate stop-loss orders, to navigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in effectively capitalizing on this trading opportunity.
Short
by AndrewsMarket-Mastery
1
Silver (XAG/USD) Rising Wedge – Bearish Breakdown Setup!A rising wedge is a pattern that typically forms when the price makes higher highs and higher lows, but the upward momentum starts weakening. The narrowing structure of the wedge indicates that buyers are losing strength, and a breakout to the downside is likely. Key Characteristics of the Rising Wedge: ✔ Higher highs & higher lows – but with reduced momentum ✔ Trendline support (lower boundary) & resistance (upper boundary) ✔ Volume decline – suggests a potential reversal Expected Scenario: If the price breaks below the lower trendline, it signals bearish pressure, and Silver could see a strong decline. 2. Key Levels & Trading Setup 📌 Resistance Level ($34.50 - $34.80) The upper boundary of the wedge is acting as strong resistance. Historically, this zone has rejected price action multiple times, indicating sellers are defending this area. 📌 Support Level ($30.20 - $30.50) A major demand zone where buyers previously stepped in. If the wedge breaks down, this is the most likely target for the decline. 📌 Stop Loss ($34.81) Placed just above the recent high and resistance zone to limit risk in case of an unexpected upside breakout. 📌 Target ($30.20) Measured move from the wedge breakdown projects a sharp decline toward the next strong support at $30.20. 3. Trade Execution Strategy 🔴 Bearish Breakdown Scenario If the price breaks below the lower trendline (around $33.00), we expect a strong move downward. 📉 Short Entry: Below $33.00 (after confirmation) 🎯 Target: $30.20 ❌ Stop Loss: $34.81 (above resistance) Confirmation Needed: ✅ Strong bearish candle close below support ✅ Increased volume during breakdown ✅ Retest of broken support turning into resistance 🟢 Bullish Alternative (Invalidation) If price breaks and holds above $34.81, the bearish setup will be invalidated, and a breakout towards $36.00 - $37.00 could be expected. 4. Additional Considerations 📌 Fundamental Factors: Keep an eye on macroeconomic news, Fed decisions, and USD strength, as these impact Silver prices. 📌 Risk Management: Avoid overleveraging and use a proper risk-reward ratio (1:3 or higher). 📌 Market Sentiment: Watch volume trends and confirm breakout or fakeout before entering trades. Conclusion This chart presents a high-probability short trade setup based on the rising wedge breakdown. If the breakdown occurs, Silver could drop toward the $30.20 support zone. However, traders should wait for confirmation before entering to avoid fakeouts. Would you like me to refine this further for a TradingView post? 🚀
OANDA:XAGUSDShort
by GoldMasterTrades
9
CHF/USD – Rising Wedge Breakdown | Bearish Setup The CHF/USD (Swiss Franc to US Dollar) 15-minute chart is currently displaying a classic Rising Wedge Pattern, which is widely recognized as a bearish reversal pattern. This setup signals weakening bullish momentum and an increased probability of a price breakdown. The chart provides a clear sell trade setup, with key levels including entry, stop loss, and target, making it a structured and well-defined opportunity for traders. 🔹 Key Technical Elements on the Chart 1️⃣ Resistance Level (Sell Zone) 📌 Location: Near 1.1350 – 1.1360 📌 Significance: This level represents a strong supply zone, meaning sellers have consistently pushed prices down from this area. Price attempted to break through this zone multiple times but was rejected, reinforcing the bearish outlook. It serves as the upper boundary of the rising wedge, confirming its role in restricting upward movement. Traders should be cautious of any false breakouts above this level before confirming a bearish move. 2️⃣ Support Level (Demand Zone) 📌 Location: Near 1.1295 – 1.1305 📌 Significance: This level has historically acted as a demand zone, where buyers stepped in to push prices back up. However, the formation of the rising wedge suggests weakening demand at this level. Once the price breaks below this support zone, it confirms a bearish trend continuation. 3️⃣ Rising Wedge Pattern (Bearish Setup) 📌 Pattern Characteristics: The rising wedge is a bearish continuation pattern that typically signals an upcoming sell-off. Price moves inside a narrowing upward-sloping range, where buyers lose strength while sellers gradually gain control. The lower trendline (dotted black line) has been providing support, but as price struggles near resistance, a breakdown becomes likely. Once price breaks below the wedge, the pattern confirms a strong bearish move. 📌 Why Is This Important? This pattern indicates that buyers are losing momentum, and a shift toward bearish control is taking place. The expected move is a sharp downward breakout, leading to lower price levels. 4️⃣ Trendline Support (Breakdown Confirmation) 📌 Location: The dashed black line below price action 📌 Significance: This trendline acted as a rising support, keeping price within the wedge. A clean break below this trendline confirms the bearish breakout. The breakdown is expected to be followed by increased selling pressure and higher trading volume. 📉 Bearish Trade Setup (Short Position Strategy) Based on the rising wedge breakdown, traders can consider the following sell trade setup: ✅ Entry Point: Sell below 1.1325 (Confirm breakdown with volume) ✅ Stop Loss: Above 1.1356 (To avoid false breakouts) ✅ Target 1: 1.1295 (First support level) ✅ Target 2: 1.1275 (Deeper downside potential if momentum continues) 🛠 Trade Rationale (Why Take This Trade?) 🔸 Bearish Price Action → Price is rejecting resistance and forming a lower high, signaling weakness in the uptrend. 🔸 Pattern Confirmation → The rising wedge has a high probability of breaking downward, leading to a sharp decline. 🔸 Risk-Reward Ratio → The setup provides a favorable risk-to-reward ratio, as traders can manage risk efficiently by placing a stop loss above resistance. 🔸 Volume Analysis → If selling volume increases upon breakout, the move becomes more reliable. 📊 Market Outlook & Final Thoughts 🔹 Bearish Scenario: If price breaks below 1.1325, expect a strong decline toward 1.1295 and potentially lower. A sharp move downward could accelerate selling pressure, targeting 1.1275 in an extended move. 🔹 Bullish Reversal Risk: If price closes back above 1.1356, the bearish setup is invalidated. Traders should exit shorts if price reclaims the resistance level. 🚨 Final Verdict: Bearish Breakdown Expected! 📉 Short Setup Activated – Targeting 1.1295 🚀 📊 Watch for Volume Confirmation Before Entering!
Short
by GoldMasterTrades
Bitcoin (BTC/USD) Trading Analysis – Rectangle Pattern Breakdown1. Market Overview The BTC/USD chart (1-hour timeframe) illustrates a trendline-supported uptrend that eventually transitioned into a rectangle consolidation pattern before breaking downward. The market displayed signs of buyer exhaustion near the resistance level, leading to a rectangle pattern breakdown, confirming a bearish shift. This analysis will break down the chart structure, key technical levels, potential trade setups, and risk management strategies for traders looking to capitalize on this move. 2. Breakdown of the Chart Structure A. Trendline Breakout & Shift in Market Sentiment The chart initially exhibits an ascending trendline, acting as dynamic support for Bitcoin’s price. As long as BTC/USD remained above this trendline, the uptrend was intact. However, once the price broke below the trendline with strong bearish momentum, it signaled a significant shift in sentiment from bullish to bearish. The breakdown of the trendline also coincided with the rectangle’s lower boundary breakdown, confirming bearish strength. B. Rectangle Pattern Formation (Consolidation Phase) The price oscillated between resistance at $88,500 and support at $86,000, forming a rectangle consolidation pattern. This pattern reflects a period of market indecision where buyers and sellers are in equilibrium. Multiple failed breakout attempts at resistance signaled strong seller dominance, leading to eventual support failure. The rectangle breakdown suggests that bears have gained control and a downward move is likely. C. Breakdown Confirmation & Target Projection The price broke below the lower support of the rectangle ($86,000) with increased selling pressure. The bearish breakout was confirmed by strong red candles with high volume, reinforcing the downside move. The height of the rectangle pattern provides a measured move target of around $83,797, aligning with previous support. The momentum remains bearish, and price is likely to test this level before any reversal attempt. 3. Trade Setup & Risk Management A. Ideal Trade Entry Entry Point: After the price retested the broken rectangle support at $86,000, which now acts as resistance. Confirmation: The rejection from this resistance with a bearish engulfing candle confirmed further downside. Bearish momentum indicators, such as RSI and MACD crossovers, further validated the setup. B. Stop-Loss Placement (Risk Management Strategy) Stop Loss: Placed above the previous resistance zone at $88,969 to protect against false breakouts. Rationale: If price moves back into the rectangle and surpasses resistance, the bearish setup becomes invalid. C. Take-Profit Target & Risk-to-Reward Ratio Target: $83,797, based on the rectangle pattern height projection and key support levels. Risk-to-Reward Ratio: The setup offers a favorable risk-to-reward ratio, ensuring that potential gains outweigh potential losses. 4. Market Sentiment & Future Outlook A. Bearish Continuation Outlook The trendline failure, rectangle breakdown, and bearish candlestick patterns all suggest a continuation of the downtrend. If price fails to reclaim support-turned-resistance ($86,000), further downside is expected. Increased selling volume confirms bearish control. B. Possible Bullish Reversal Scenarios If BTC/USD bounces strongly from the $83,797 target zone, it could indicate buyer accumulation and lead to a bullish recovery. A move back above $86,000 would invalidate the bearish outlook. 5. Conclusion This BTC/USD analysis highlights a bearish rectangle pattern breakdown, reinforced by a trendline break and strong resistance rejections at $88,500. The breakout target is $83,797, where traders should monitor price action for further bearish continuation or potential reversal signs. Traders should approach with caution, set appropriate stop-loss levels, and follow volume trends for confirmation of further price movements.
BITSTAMP:BTCUSDShort
by GoldMasterTrades
JPY/USD Descending Triangle Breakdown – Bearish Trading Setup📌 Overview: Understanding the Current Market Structure This analysis focuses on the JPY/USD pair on the 1-hour timeframe, highlighting a well-defined descending triangle pattern, a classic bearish continuation setup. The price action indicates selling pressure increasing as lower highs form, while support remained relatively stable before ultimately breaking down. This setup suggests a potential trend continuation to the downside, making it a compelling trade opportunity for short-sellers. Let's dive deeper into the technical breakdown, trading strategy, and market expectations. 📊 Technical Breakdown: Chart Pattern Analysis 1️⃣ The Descending Triangle Pattern: A Bearish Signal The descending triangle is one of the most reliable continuation patterns in technical analysis, often leading to a breakdown when support is breached. This chart confirms the pattern through: ✅ Downward Sloping Resistance Line: The price tested this level multiple times but was consistently rejected. Lower highs indicate sellers are dominating and buyers are failing to push higher. ✅ Flat Support Level: The price found strong support at a key horizontal level, bouncing off multiple times. However, each bounce became weaker, signaling buyers losing strength. ✅ Breakout & Confirmation: The final breakdown below support occurred with strong momentum. The price has now turned previous support into resistance, a bearish confirmation. 🔎 Implication: A descending triangle breakout to the downside often results in an extended downward move, aiming for the measured move target based on the triangle’s height. 2️⃣ Key Price Levels & Trading Zones 📌 🔴 Resistance Zone (Upper Triangle Boundary): 0.006700 – 0.006750 This level acted as a strong rejection zone, confirming lower highs. It now serves as a resistance level after the breakdown. 📌 🟢 Support Level (Triangle Base): This level previously held price from breaking lower multiple times. However, with each bounce becoming weaker, it finally gave way. Break & Close below this level confirms the bearish continuation. 📌 🎯 Target Projection (Based on Triangle Breakout): 0.006448 (Final Target) – This level aligns with historical price action and the triangle’s projected move. 📌 🚨 Stop Loss Placement: Above the last swing high (~0.006752) If price reclaims this zone, the bearish outlook becomes invalid. 📈 Price Action & Market Sentiment 3️⃣ Bearish Momentum & Breakdown Confirmation ✅ Lower Highs Indicate Weakness: Buyers attempted multiple recoveries but were consistently rejected at lower levels. This pattern suggests exhaustion in buying pressure. ✅ Breakout Candle Strength & Volume Confirmation: The price broke support with strong momentum and increased volume, confirming sellers’ control. A breakdown without volume is often a fakeout, but this chart shows clear momentum. ✅ Potential Retest Before Further Drop: After a breakdown, price often retests the broken support before continuing lower. A pullback to the resistance zone (~0.006650 - 0.006700) could offer an ideal short entry. ✅ Bearish Trend Confirmation: The price remains below key resistance and continues forming lower lows. The downtrend structure remains intact, reinforcing the bearish sentiment. 📉 Trading Strategy: How to Trade This Setup? 🔹 Entry Strategy: Ideal Entry: Short after a pullback to broken support (~0.006650 - 0.006700). Aggressive Entry: Short immediately on the breakdown if momentum remains strong. 🔹 Stop Loss Placement: Place above last swing high (0.006752) to avoid being stopped out by noise. Ensures protection against sudden bullish reversals or fakeouts. 🔹 Take Profit Targets: ✅ First Target: 0.006500 (Psychological level) ✅ Final Target: 0.006448 (Triangle measured move) 🔹 Risk Management: Use a Risk-to-Reward ratio (RRR) of at least 1:2 for an optimal trade setup. Never risk more than 2% of total capital per trade. ⚠️ Market Outlook & Key Watchpoints 📌 Scenario 1: Bearish Continuation (High Probability) If price retests the broken support and faces rejection, expect further downside. Target remains at 0.006448. 📌 Scenario 2: Fake Breakdown & Bullish Reversal (Low Probability) If price closes above 0.006750, it invalidates the bearish setup. In that case, a bullish move towards 0.006800+ is possible. 📢 Final Thoughts: The bearish breakout is clear, but waiting for a proper pullback before entry is ideal. Volume confirmation is crucial to avoid fakeouts. If support turns into resistance, a high-probability short trade is set up. 🔹 What’s your take on this setup? Will JPY/USD reach its target? Drop your thoughts below! 🚀 #JPYUSD #ForexTrading #TechnicalAnalysis #PriceAction
Short
by GoldMasterTrades
Gold (XAU/USD) – Triangle Breakout & Bullish Trade Setup Overview This 1-hour Gold Spot (XAU/USD) chart showcases a well-defined symmetrical triangle pattern, which has successfully broken out to the upside. This breakout indicates strong bullish momentum, setting up a potential rally towards $3,107 and beyond. The analysis below will cover: ✅ Triangle Pattern Formation & Breakout Explanation ✅ Key Technical Levels (Support, Resistance, ATH) ✅ Entry, Stop Loss, & Take Profit Strategies ✅ Risk Management Considerations ✅ Final Trade Setup & Market Sentiment Let’s dive into the details. 1️⃣ Chart Pattern: Symmetrical Triangle Formation What is a Symmetrical Triangle? A symmetrical triangle is a common continuation pattern in technical analysis that forms when price consolidates within two converging trendlines. This structure indicates a period of indecision in the market before a potential breakout occurs. When price breaks above the upper trendline, it signals a bullish continuation. If price breaks below the lower trendline, it suggests a bearish move. In this case, gold has broken above the upper resistance trendline, signaling a continuation of the existing uptrend. Pattern Breakdown (Step by Step): Triangle Formation: The price made higher lows and lower highs, compressing within the pattern. Price Squeeze: As the market approached the apex of the triangle, volatility decreased, indicating an imminent breakout. Breakout Confirmation: A strong bullish candle closed above the resistance trendline, validating the pattern and confirming bullish momentum. 2️⃣ Key Technical Levels & Zones 🔹 Support & Resistance Zones: Support Level: $3,012 - $3,020 (Highlighted as a strong demand zone where buyers stepped in). Resistance Level: $3,080 (Previously acted as strong resistance but has now turned into support post-breakout). All-Time High (ATH): Marked just below $3,090, where price previously struggled to break through. 🔸 Breakout Target & Price Projection Breakout Level: The breakout happened above $3,080, confirming an uptrend continuation. Target Calculation: The height of the triangle is projected upwards from the breakout point. This gives us a price target of $3,107 - $3,120 in the short term. 3️⃣ Trading Strategy Based on Breakout ✅ Entry Strategy: Aggressive Entry: Entering immediately after the breakout candle closes above $3,080, riding the momentum. Conservative Entry: Waiting for a potential pullback to $3,080 (now acting as support) before entering a long position. ⛔ Stop Loss Placement: Ideal Stop Loss: Below the previous support zone at $3,012, ensuring protection against fake breakouts. Tighter Stop Loss: Just below the breakout point at $3,065, in case of a minor retracement before moving higher. 🎯 Profit Target Strategy: Short-Term Target: $3,107, based on the triangle’s measured move. Extended Target: If momentum sustains, $3,120+ could be achieved, aligning with previous bullish trends. 4️⃣ Risk Management & Market Considerations Risk Factors to Monitor: 🔸 Volume Confirmation: A breakout with high trading volume is a stronger signal than one with low volume. 🔸 Market Fundamentals: Events like US inflation data, Federal Reserve rate decisions, and geopolitical tensions can impact gold prices. 🔸 False Breakout Risk: If price falls back below $3,080, the breakout might be invalid, signaling a potential reversal. Risk-Reward Ratio: 📌 Entry: $3,080 📌 Stop Loss: $3,012 (Approx. 68 points risk) 📌 Target: $3,107 - $3,120 (Approx. 27-40 points reward) 📌 Risk-to-Reward Ratio: 2:1+, making this a favorable trade setup. 5️⃣ Market Sentiment & Final Trade Setup 📈 Bullish Outlook: The successful breakout above the symmetrical triangle signals continued bullish strength. Price is holding above the previous resistance zone at $3,080, now acting as support. The next resistance target is $3,107 - $3,120, aligning with previous swing highs. 🔴 Bearish Scenario (If Invalidated): If price falls back below $3,080, it could indicate a false breakout. A break below $3,065 might lead to a retest of the $3,012 support zone. 📊 Final Trading Plan: ✅ Buy (Long) at: $3,080 - $3,085 🎯 Target 1: $3,107 🎯 Target 2: $3,120+ (Extended Target) ⛔ Stop Loss: $3,012 🔥 Conclusion: Bullish Bias with Caution Gold (XAU/USD) has successfully broken out of the symmetrical triangle, signaling a strong bullish continuation. As long as price holds above $3,080, the bias remains bullish, targeting $3,107 - $3,120. 💡 Key Takeaway: Watch for a pullback and retest of $3,080 before entering, ensuring confirmation before committing to the trade. 🚀 Final Outlook: Bullish – Gold is positioned for further upside if momentum continues!
OANDA:XAUUSDLong
by GoldMasterTrades
Nightly $SPY / $SPX Scenarios for March 28, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📊 Core PCE Inflation Data Release: The Personal Consumption Expenditures (PCE) Price Index for February is set to be released. Economists anticipate a 0.3% month-over-month increase and a 2.5% year-over-year growth, aligning with previous figures. As the Federal Reserve's preferred inflation gauge, this data could influence monetary policy decisions.​ 🇺🇸🛍️ Consumer Spending and Income Reports: February's personal income and spending reports are due, with forecasts indicating a 0.4% rise in personal income and a 0.5% increase in personal spending. These figures will provide insights into consumer behavior and economic momentum.​ 🇺🇸🏠 Pending Home Sales Data: The Pending Home Sales Index for February is scheduled for release, with expectations of a 2.0% increase, following a 1.0% rise in January. This index offers a forward-looking perspective on housing market activity.​ 📊 Key Data Releases 📊 📅 Friday, March 28: 💵 Personal Income (8:30 AM ET): Forecast: +0.4%​ Previous: +0.9% Measures the change in income received from all sources by consumers.​ 🛍️ Personal Spending (8:30 AM ET): Forecast: +0.5%​ Previous: -0.2%​ Tracks the change in the value of spending by consumers.​ 📈 PCE Price Index (8:30 AM ET): Forecast: +0.3% month-over-month; +2.5% year-over-year​ Previous: +0.3% month-over-month; +2.5% year-over-year​ Reflects changes in the price of goods and services purchased by consumers.​ 🏠 Pending Home Sales Index (10:00 AM ET): Forecast: +2.0%​ Previous: +1.0%​ Indicates the number of homes under contract to be sold but still awaiting the closing transaction.​ ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
GBPCAD - Weekly Forecast,Technical Analysis & Trading IdeasTechnical analysis is on the chart! No description needed! OANDA:GBPCAD __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
16