Get started

Breakoutandretest

Could BOJ's "HOLD" on Rates Turn AUDJPY "On Its Head"?Here I have a Multi-Timeframe analysis on OANDA:AUDJPY which is giving multiple signs of Higher Prices potentially to come!! First on the Daily we can see that Price formed a Hammer Candle after testing the March 11th Support Zone and as the next Daily candle forms (Today), we are already seeing a Bullish Confirmation candle begin! *Bullish Engulfing would be a textbook Confirmation Candle! Now zooming into the 4Hr / 1 Hr Charts, this Hammer is formed by what looks to be a very Strong Reversal Pattern, the Inverted Head and Shoulders! Now we are still waiting for the Confirmation of the Pattern where Price needs to rise to the "Neckline" or Resistance Level. Once Confirmed, we will look for a Breakout of the Pattern and if Validated, could deliver great Long Opportunities as a Breakout and Retest of the Inverted Head and Shoulders Pattern! If the Pattern is Successful, we could expect the Price Target to be at the next level of Resistance being the 95.3 - 95.6 Area! Fundamentally, the BOJ begins the week with Policy Rate decision Monday evening where they forecast a HOLD on Interest Rates, staying at .5%. This could have drastic implications on the JPY, potentially weakening it.
Long
by Novi_Fibonacci
UCAD Bears Ready to Break 2 Month Long Falling Support??OANDA:USDCAD has been supported by a Falling Support Trend line since August 14th and here soon Price could potentially give us a Bearish Break to that Trend line! Once a Breakout is validated, we could look for a Retest Set-Up for some Short Opportunities to take Price down to the Support Zone created by the August and September 2024 Lows. An interesting fact to point out is if you observe the reaction of Price when it tests the Falling Support, we can see Price arc and the following reactions arc smaller, suggesting Bulls are losing strength on the push off of the Falling Support! Price Action is being heavily driven by Fundamentals in the markets this week: -USD- ADP Non-Farm Employment - Previous 60K / Forecast 111K / Actual 37K ISM Services PMI - Previous 51.6 / Forecast 52 / Actual 49.9 ISM Manufacturing PMI - Previous 48.7 / Forecast 49.3 / Actual 48.5 ISM Manufacturing Prices - Previous 69.8 / Forecast 70.2 / Actual 48.5 Unemployment Claims - Previous 239K / Forecast 236K / Actual 247K *Average Hourly Earnings, Non-Farm Employment and Unemployment Rate are to be released tomorrow -CAD- BOC held Interest Rates @ 2.75% Ivey PMI - Previous 47.9 / Forecast 48.3 / Actual 48.9 *Employment Change and Unemployment are to be released tomorrow With BOC holding Interest Rates and the Federal Reserve possibly looking to cut rates because of a "softening labor market", this could fuel CAD to overcome the pair and put Bears in control to pull Prices lower! www.tradingview.com
Short
by Novi_Fibonacci
GU Bulls Raise "Flag" Eyeing Higher PricesFX:GBPUSD has formed a Bull Flag and we could be getting ready to see the Bulls take the spotlight! After Price broke through the Previous Level of Structure, Price retraces the High of 1.35589 to the 50% Fibonacci Level @ 1.35022 and is supported pushing Price back up from the Previous Level of Structure. -The 50% retracement signals the end of the Consolidation Phase of the Pattern. Now with a Bull Flag being a Continuation Pattern, we can suspect that Price will give us a Bullish Breakout of the Descending Channel and Retest before moving higher Confirming the Pattern and once the Breakout is Validated! Based off the "Flagpole" of the Pattern, if a Bullish Breakout is Validated and the Retest is Successful, the extension of the Set-up would place the Price Target @ 1.3640 which is at the next big level of Resistance.
Long
by Novi_Fibonacci
Double Reject @ March Resistance Spells Good News For GJ BearsOANDA:GBPJPY struggles to reach Higher Prices then that of the High created on March 27th and leads me to believe we could see a Double Top Pattern in the making! Confirmation of the Pattern will come when: 1) Price declines back to 191.877 & 2) Makes a Breakout of the Confirmation Once the Pattern is Confirmed and Breakout is Validated: - This should deliver great Short opportunities as a Double Top Breakout & Retest Set-up!
Short
by Novi_Fibonacci
As ECB Ready's "Final Cut", EJ "Begins Reversal"OANDA:EURJPY has began to potentially form a very strong Triple Reversal Pattern, The Head and Shoulders @ the Resistance Level lasted visited May 14th. I say "potentially" because the "Right Shoulder" or recent Lower High has been created but we still wait for the final decline to the "Neckline" or Support Area formed by the Lows separating the "Head" from the "Shoulders" or Higher High from the Lower Highs in the pattern! Signs of Potential Head & Shoulders: 1) Left Shoulder is an Oversold High 2) A Higher High is created at a level of Resistance 3) The Head not only has the Most Volume concentrated in the Pattern, but is also the start of the RSI Divergence from Price 4) Right Shoulder is formed and unable to surpass the Left Shoulder ..Bringing us to a very important tell.. 5) Volume Decreases and logs a 3rd Divergent High in the RSI @ the creation of the Right Shoulder Now we must WAIT for CONFIRMATION of the Pattern! This will come when Price: 1) Declines to the Neckline & 2) Makes Successful Breakout Once the Head & Shoulders is Confirmed and Breakout is Validated: - This could deliver great Short opportunities as a Head and Shoulders Breakout and Retest at the Neckline being the Last Line of Defense for the Bulls if Bears can push Price through and pick up Volume! Fundamentally, BOJ Governor Kazuo Ueda will be speaking on Tuesday, June 3rd where we could see volatility come in for JPY. The ECB is expected to cut rates by 25 bps from 2.4% to 2.15% on Thursday, June 5th and this could be the Last Cut we see the ECB plan to make until they see downside growth risks make more cuts likely.
Short
by Novi_Fibonacci
RENDER ANALYSIS📊 #RENDER Analysis ✅There is a formation of Falling Wedge Pattern on daily chart with a good breakout and currently retests from the major resistance zone🧐 Pattern signals potential bullish movement incoming after a breakout of major resistance zone 👀Current Price:  $3.455 🚀 Target Price:    $4.4-6.0 ⚡️What to do ? 👀Keep an eye on #RENDER price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #RENDER  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
UNFI ANALYSIS🔮 #UNFI Analysis - Breakout 🚀🚀 💲💲 There is a breakout of Falling Wedge Pattern in #UNFI. It's a daily time frame breakout and we will see more higher price in long-term. Already a successful retest is done, we woulf see proper a rally in few days 📈📈 💸Current Price -- $2.650 📈Target Price   --  $4.300 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #UNFI  #Cryptocurrency #Breakout #DYOR
ULong
by ZEUS_Market_Alerts
SAND ANALYSIS🔮 #SAND Analysis - Breakout 🚀🚀 💲💲 In 12hr Timeframe,Falling Wedge Breakout is Done✅ But right now we can see that #SAND is trading below its crucial resistance zone and if #SAND breaks this resistance zone then we would see a bullish move  💯🚀 💸Current Price -- $0.3365 📈Target Price   --  $0.7310   ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #SAND  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
TAO ANALYSIS🔮 #TAO Analysis - Breakout 🚀🚀 💲💲 There is a breakout of Falling Wedge Pattern in #TAO and  trying to retests the level. It's a daily time frame breakout and we will see more higher price in long-term. A successful retest is done and now we could see proper a rally  📈📈 💸Current Price -- $355.60 📈Target Price   --  $722.00 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #TAO  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
NEAR ANALYSIS🔮 #NEAR Analysis 💰💰 📊#NEAR is making perfect and huge rounding bottom pattern in weekly time frame, also we can see that there is a good retest in #NEAR indicating a potential bullish move. If #NEAR breakout the pattern with high volume then we will get a bullish move📈 🔖 Current Price: $7.029 ⏳ Target Price:   $11.811 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #NEAR  #Cryptocurrency  #Pump  #DYOR
Long
by ZEUS_Market_Alerts
PEPE ANALYSIS🔮 PEPE Analysis - Breakout Trading 💰💰 🌟🚀 #PEPE was trading in a Bullish Flag Pattern in daily time frame and breakout the pattern. We can expect a long rally as a retest has been done already #PEPE.💲💲 🔖 Current Price: $0.00000785 ⏳ Target Price:   $0.00001081 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #PEPE  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
3
QNT ANALYSIS🔮 #QNT Analysis - Breakout Trading 💰💰 🌟🚀 #QNT was trading in a Ascending Triangle Pattern and here we can see that #QNT gave a great breakout with high volume and currently retesting the levels in 8hr chart pattern. We can expect a long rally in #QNT.💲💲 🔖 Current Price: $109.4 ⏳️ Target Price:   $134.9 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀 #QNT  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
SHIB ANALYSIS🚀#SHIB Analysis : Breakout and Retest 🔮#SHIB has broken out of a symmetrical triangle pattern in 6-hour timeframe The breakout of the symmetrical triangle pattern suggests a potential bullish move📈 Expect a bullish wave of around 40% in the coming weeks🐳 🔰Current Price:  $0.00002771 🎯 Target Price:   $0.00004388 ⚡️What to do ? 👀Keep an eye on #SHIB price action. We can trade according to the chart and make some profits⚡️⚡️ #SHIB  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
1
ARPA ANALYSIS🚀#ARPA Analysis : Breakout and Retest 🔮As we can see in the chart of #ARPA that there is a formation symmetrical triangle pattern. Also there is a perfect breakout and retest of the levels. This indicates a potential bullish move.📈📈 🔰Current Price:  $0.10070 🎯 Target Price:   $0.14580 ⚡️What to do ? 👀Keep an eye on #ARPA price action. We can trade according to the chart and make some profits⚡️⚡️ #ARPA  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
ALGO ANALYSIS🚀#ALGO Analysis : Pattern Formation 🔮As we can see in the chart of #ALGO that there is a formation Inverse Head And Shoulder Pattern and it's a bullish pattern. Also there is a perfect breakout and retest of the levels. This indicates a potential bullish move.📈📈 🔰Current Price: $0.2353 🎯 Target Price:    $0.3871 ⚡️What to do ? 👀Keep an eye on #ALGO price action. We can trade according to the chart and make some profits⚡️⚡️ #ALGO  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
ETC ANALYSIS🚀#ETC Analysis : What Next ??💲💲 ✅️As we can see that there was a formation of Descending Triangle Pattern in #ETC and given a breakout and also the breakout of major resistance area and gave us a bullish movement. Right now #ETC is trading above its major reissue area. We are expecting around 40-50% bullish move 📈📈 🔰Current Price: $25.81 🎯 Target Price:   $39.11 ⚡️What to do ? 👀Keep an eye on #ETC price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ #ETC  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts