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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
USDJPY Long BiasThe USDJPY pair on the 4H timeframe is forming a bullish structure, showing signs of continuation to the upside. The price is currently trading above key moving averages and consolidating near a resistance-turned-support zone, indicating potential bullish momentum. Additionally, the formation resembles an inverse head and shoulders pattern, a strong bullish reversal signal. A successful break and retest of the 151.200 zone could confirm further upside movement, with the next key target around 156.700. However, failure to hold above the support zone may lead to a deeper retracement before resuming the uptrend.
Long
by Justfxtrades
GBP/JPY Price Action Update📊 GBP/JPY Price Action Update 🎯 🔹 Current Price: 195.216 🔹 Timeframe: 15M 📌 Key Support Levels: 🟢 194.84 - 194.91 (First Demand Zone) 🟢 194.503 (Second Demand Zone) 🟢 194.133 (Third Demand Zone) 📈 Bullish Scenario: If price respects the 194.84 - 194.91 demand zone, we may see a bounce towards 195.500+. A break above 195.500 could push GBP/JPY toward new highs. 📉 Bearish Scenario: If price breaks below 194.84, the next key supports are 194.503 and 194.133. A rejection from 195.500 resistance could send price lower to test these demand zones. ⚡ Trading Tip: Look for confirmations before entering buy/sell trades. Watch for bullish rejection at demand zones for long positions. Sell near resistance with bearish confirmation. #GBPJPY #ForexTrading #SmartMoney #PriceAction #TechnicalAnalysis #ForexSignals
Long
by FXFOREVER_87
EUR/AUD: Wedge Break in SightTraders should be alert to the risk of a resumption of the bullish trend in EUR/AUD. It’s been coiling within a falling wedge for much of March, with the price rebound over the past two sessions leaving the pair testing downtrend resistance. A bullish wedge break would put 1.7272 on the radar. If that were to give way it would open the door for a run towards the March 11 high of 1.7420. A stop beneath the downtrend would offer protection against reversal. RSI (14) has broken its downtrend, suggesting bullish momentum may be starting to build again even though MACD has yet to confirm the signal. Good luck! DS
Long
by FOREXcom
GBPUSD InsightWelcome, Subscribers! We’re glad to have you all here. Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - Reuters reported that the U.S. has no plans to negotiate with the European Union until next week's reciprocal tariff announcement. - President Trump, through Truth Social, warned that if the EU and Canada cooperate to economically harm the U.S., he would impose significantly higher tariffs. - In the U.K., the persistent fiscal deficit issue has once again drawn attention, leading to a rise in U.K. government bond yields. The British government has revised its 2024 GDP growth forecast downward from 2% to 1%. Key Economic Events This Week + March 28: U.K. Q4 GDP, U.S. February Personal Consumption Expenditures (PCE) Price Index GBPUSD Chart Analysis After reaching the 1.30000 level, GBPUSD has failed to show a clear trend and continues to move within the lower range of this level. If it fails to break above 1.30000 and moves downward, it may decline to 1.28000 before rebounding toward 1.31000. Conversely, if an upward trend continues, it is likely to break 1.31000 and rise further toward 1.34000.
Short
by shawntime_academy
NZD/JPY 4H - Bullish Reversal Setup NZD/JPY 4H Chart Analysis 📊🔥 Key Observations: Market Structure: The market has been in a downtrend but appears to be forming a potential reversal pattern. A swing low (SH) has formed, indicating possible liquidity grab or accumulation. Change of Character (CH) suggests a potential shift from bearish to bullish momentum. Support & Demand Zone: A demand zone (orange area) is highlighted around 82.92, which may act as a strong support level. Price is expected to tap into this area before a potential bullish rally. Upside Target 🎯: If price respects the demand zone, we could see a bullish push towards the 88.29 resistance level. The 200 EMA (red line) could act as a dynamic resistance along the way. Trade Idea 💡: Bullish Bias: Looking for long entries near 82.92 with targets around 88.00+. Risk: If price breaks below the demand zone, further downside could be expected. Conclusion: 📌 Watch for price reaction in the demand zone! If buyers step in, we could see a strong bullish move towards 88.00+. 🚀📈
Long
by MrStellanSight
AUD/JPY 1D possible scenario Technical Analysis 1D The pair is testing a long-term downtrend resistance. A breakout could signal further upside. Key Levels: Support: 95.52 Resistance: 98.49 | 102.62 | 109.40 Fundamental Factors: Australian Dollar Strength: Driven by commodity demand and potential RBA rate decisions. Japanese Yen Weakness: BoJ’s ultra-loose policy keeps the yen under pressure. Risk Sentiment: AUD/JPY correlates with market risk appetite; stronger equities could support upside. A breakout above 95.52 may open the path toward 98.49.
Long
by TotoshkaTrades
GBPUSD: Channel Up still intact but keep an eye on the 4H MA200.GBPUSD is bullish on its 1D technical outlook (RSI = 59.951, MACD = 0.008, ADX = 32.444) as the dominant pattern remains a Channel Up and despite the consolidation in recent days, the market remains supported over the 4H MA200. If it crosses over the LH trendline, go long in a similar manner as the Feb 13th break out and aim for the 2.382 Fibonacci extension (TP = 1.3200). If on the other hand the price fails and crosses under the 4H MA200, go short and aim for the S1 level (TP = 1.2555). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
CADJPY Bullish Surge: Key Levels to Watch Following a strong Canadian GDP report and weaker-than-expected U.S. consumer sentiment data from the University of Michigan, CADJPY has shown significant bullish momentum. Additionally, positive discussions between former U.S. President Trump and PM of Canada Carney have contributed to market optimism. After bouncing off a 1-hour order block, CADJPY has surged over 50% from its weak opening. If this bullish momentum persists, the pair could target the 106.000–106.500 range in the near term. Traders should watch for continued strength and potential retracements for optimal entries.
Long
by AfaqKhan111
GBPCHF Massive Short! SELL! My dear subscribers, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.1428 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.1410 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. 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
Short
by AnabelSignals
1
CADCHF My Opinion! SELL! My dear followers, I analysed this chart on CADCHF and concluded the following: The market is trading on 0.6196 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.6157 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. 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
Short
by AnabelSignals
1
4-hr AUD/JPY: The Pair on Track for a Potential 150 pips Gain The AUD/JPY currency pair continues to be dominated by bullish momentum, as multiple golden cross patterns reaffirm the strength of the ongoing uptrend. Despite this, we are witnessing a much-needed correction that began yesterday, bringing the pair down by approximately 60 pips. This retracement is a natural part of market cycles, allowing the pair to consolidate before potentially resuming its upward trajectory. At this point, we expect the pullback to extend further, aiming for an additional 30-pip decline before considering a buy entry. The key level to watch is 94.50, which serves as a critical buying zone due to its alignment with the 38% Fibonacci retracement level. Historically, this area has acted as a strong support, preventing deeper declines and often triggering rebounds. Given its significance, we anticipate a renewed wave of buying pressure once the price reaches this level, making it an ideal entry point for a long position. Our trade strategy involves setting a profit target at 96.00, ensuring a favorable risk-to-reward ratio. Meanwhile, to protect against unexpected volatility, our stop-loss (SL) will be placed 1.2% below the entry price. This cautious approach allows us to manage risk effectively while capitalizing on the broader bullish trend. The presence of golden cross patterns further reinforces our bullish outlook, as they indicate strong underlying momentum. By patiently waiting for the correction to complete, we increase the probability of entering the trade at an optimal price, maximizing potential gains. Thus, we remain on standby, ready to initiate our buy order once the market reaches our predetermined entry zone at 94.50.
Long
by Trendsharks
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
AUDCAD RE. CHANNEL AND KEY LEVELS Hello awesome traders i hope you have had a great trading week, let's have a look at the AUDCAD presenting a great trading opportunity. Price is breaking above the trendline breakout at 0.90931, signaling a potential bullish continuation. 📈 Trade Setup: ✅ Breakout Level: 0.90931 (Key resistance turned support) 🎯 First Target: 0.91732 (Mid-range resistance) 🎯 Second Target: 0.92816 (Upper resistance) ❌ Stop Loss: Below mid-support at 0.90122 🧐 Key Observations: 🔹 The breakout needs sustained momentum for confirmation. 🔹 A pullback to retest 0.90931 could provide a better entry. 🔹 If price fails to hold above 0.90931, a dip back to 0.90122 is possible. 📊 Market Sentiment: 📌 Monitor volume and momentum at the breakout zone. 📌 If buyers hold above 0.90931, it strengthens the bullish outlook. 🔥 Keep an eye on price action for confirmation before scaling in! 🔥 Have an amazing weekend, trade safe and may the pip be with you !!
Long
by TradeChartPatternsLikeThePros
2