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CHF/USD Trading Setup – Triple Bottom Reversal & Breakout Setup🔍 Overview of the Chart Setup The CHF/USD (Swiss Franc vs. U.S. Dollar) 1-hour timeframe chart reveals a classic Triple Bottom pattern, which is a well-known bullish reversal signal. This pattern indicates that sellers have attempted to break the support level three times but failed, suggesting a potential shift in momentum from bearish to bullish. Traders closely watch this structure as it often leads to a strong upward breakout once key resistance levels are breached. The current setup provides an excellent risk-to-reward trading opportunity, especially for those looking to capitalize on the breakout. 📊 Key Levels in the CHF/USD Chart 1️⃣ Support and Resistance Zones 🟢 Support Level (~1.1300 - 1.1280 Zone) This zone has been tested three times, confirming strong buying interest at this price level. The formation of long wicks on candlesticks signals strong demand and buyer dominance. A breakdown below this level would invalidate the bullish setup and may indicate a continuation of the bearish trend. 🔴 Resistance Level (~1.1415 - 1.1430 Zone) This level acts as a price ceiling, where previous bullish attempts were rejected. A break and retest above this zone would confirm the Triple Bottom breakout. 🎯 Target Level (~1.1457 Zone) The projected target is based on the height of the pattern, which is measured and added to the breakout point. This level aligns with previous price action zones and acts as a natural take-profit area for traders. 🚨 Stop-Loss Level (~1.1243 Zone) A stop-loss is placed below the support zone to protect against false breakouts or an invalidation of the pattern. 📉 Understanding the Triple Bottom Pattern The Triple Bottom is a strong bullish reversal formation that occurs at the end of a downtrend. It signals that sellers are exhausted, and buyers are gradually taking control. 🔹 Breakdown of the Triple Bottom Formation ✅ Bottom 1 (First Low) The first bottom forms when the price hits the support level and bounces back. Sellers are still active, so price declines again to test the same support zone. ✅ Bottom 2 (Second Low - Confirmation of Support) The second test of the support zone validates the demand area. Buyers step in again, pushing the price upward. The market still lacks enough momentum for a breakout, leading to a third retest. ✅ Bottom 3 (Final Low and Strong Rejection) The third bottom is crucial because it signals the last test of support before a breakout. The failure to break lower creates a higher probability of an upside move. 📌 Breakout Confirmation & Price Action Signals 🔵 The breakout is confirmed when: The price closes above the resistance zone (1.1415 - 1.1430) with strong momentum. Volume spikes during the breakout, indicating institutional buying interest. A successful retest of the resistance zone as new support further validates the trend reversal. If the breakout lacks volume or gets rejected, traders should be cautious of a fakeout or potential retracement. 📈 Trading Strategy & Execution Plan 🔹 Conservative Entry (Safe Approach) Enter after a confirmed breakout above 1.1415, ensuring a strong candle close above resistance. Look for a retest of the breakout level before entering the trade. 🔹 Aggressive Entry (Early Positioning) Enter near the third bottom (~1.1300 - 1.1320) with a tight stop-loss. Higher risk but better reward if the price moves upward without retesting. 🔹 Stop-Loss Placement Conservative traders: Place the stop-loss below the support zone (~1.1243). Aggressive traders: Place a tight stop below the recent swing low for better risk management. 📌 Profit Target Projection Take Profit Target: 1.1457, based on the height of the pattern. 📌 Risk-to-Reward Ratio Risk: ~60 pips (from entry to stop-loss). Reward: ~150 pips (from entry to target). Risk-to-Reward Ratio: 1:3, making it a high-probability trade. 📡 Additional Confirmation Indicators for Stronger Trade Setup 📊 1. Volume Analysis A spike in volume at the breakout level suggests strong buyer interest. Low volume on the breakout may indicate a potential fakeout. 📈 2. RSI (Relative Strength Index) Confirmation RSI should be above 50 and trending upward to confirm bullish momentum. If RSI is overbought (>70), watch for a pullback before entering the trade. 📉 3. Moving Averages Support If the 50-period or 200-period moving average supports the breakout level, it adds extra confirmation. A moving average crossover may further validate the trend reversal. 🔍 4. Beware of Fake Breakouts If the price briefly moves above resistance but fails to hold, it may be a bull trap. Always wait for a candle close above resistance and a potential retest before confirming the entry. 🛠️ Alternative Scenarios & Market Risks 🔺 Bullish Scenario (Breakout & Rally to Target) Price breaks above 1.1415, confirming a trend reversal. A retest of resistance as support gives additional buying confidence. Price reaches 1.1457 target before facing new resistance. 🔻 Bearish Scenario (Fakeout & Breakdown Below Support) Price fails to hold above resistance and falls back below support. A breakdown below 1.1243 invalidates the pattern, triggering a bearish continuation. Traders should cut losses quickly if the setup is invalidated. ⚠️ Fundamental Risks to Watch U.S. Dollar news events (FOMC, NFP, CPI reports) can increase volatility. Swiss economic data may impact CHF strength. Unexpected geopolitical events can influence currency movements. 🔎 Summary of the Trading Plan 📌 Trading Strategy Checklist ✅ Pattern: Triple Bottom (Bullish Reversal). ✅ Entry Strategy: Buy after breakout confirmation above 1.1415. ✅ Take Profit Target: 1.1457. ✅ Stop-Loss Level: Below 1.1243. ✅ Risk-to-Reward Ratio: 1:3 (High-Profit Potential with Proper Risk Management). 💡 Final Thought: This setup provides a high-probability bullish trade with strong technical confluence. However, always remain cautious of market news, economic reports, and sudden volatility that could influence price action. 🚀 Patience & discipline are key—wait for confirmation before entering! 📊
Long
by GoldMasterTrades
Silver (XAG/USD) – Rising Wedge Breakdown & Bearish Setup📌 Overview This 1-hour chart of Silver (XAG/USD) presents a textbook Rising Wedge pattern, which is known as a bearish reversal signal. The price was in a strong uptrend but started showing signs of buyer exhaustion, leading to a breakdown from the wedge formation. The chart clearly identifies: ✅ A Rising Wedge formation ✅ Resistance Level where price faced multiple rejections ✅ Breakdown Confirmation and shift in trend direction ✅ Projected Target & Stop Loss Zones This setup suggests a strong potential for further downside movement in silver prices. Now, let’s break it down step by step like a professional trader. 🔹 Key Technical Analysis Breakdown 1️⃣ Rising Wedge Pattern – The Bearish Setup The Rising Wedge is a bearish reversal pattern that forms when price action moves higher within two converging trendlines. The slope of the lower trendline is steeper than the upper trendline, meaning that buyers are getting weaker. This pattern suggests that even though the price is rising, bullish momentum is fading. Once the price breaks below the wedge, it confirms a bearish trend. 🔸 Characteristics of this Wedge: 📌 Multiple Higher Highs & Higher Lows – But with decreasing strength 📌 Narrowing Price Action – Indicates weaker buying power 📌 Breakdown Below Support Line – Confirms the bearish move 2️⃣ Resistance Level – Key Price Rejection Zone The price tested the Resistance Level multiple times before breaking down. This area is where sellers overpowered buyers, preventing further upside movement. The resistance zone was a liquidity area, meaning large institutional traders likely placed sell orders here. The price attempted to push higher but failed, showing that demand was exhausted. Once rejection happened, selling pressure increased, and the breakdown followed. 3️⃣ Breakdown Confirmation – Bearish Momentum Kicks In After the wedge broke down, the price started moving in a structured downtrend, forming lower highs and lower lows. This confirms that the breakdown was valid and that the trend has shifted. 🔹 Signs of Breakdown Strength: ✅ Strong Bearish Candles – Indicating aggressive selling ✅ No Immediate Recovery – Suggests sellers are in control ✅ Lower Highs Forming – Bearish trend structure confirmed 4️⃣ Risk Management – Stop Loss & Target Zones A well-planned trade must include a Stop Loss and a Target to manage risk effectively. 📌 Stop Loss Placement (33.95) Placing a Stop Loss just above the resistance level protects against false breakouts. If the price goes back above 33.95, it would invalidate the bearish setup. 📌 Profit Target (31.96) The target is based on the measured move projection, meaning the expected price drop is equal to the height of the wedge at its widest point. If the price reaches 31.96, traders can lock in profits. 📌 Risk-Reward Ratio (RRR) The setup offers a favorable risk-to-reward ratio, making it a high-probability trade. 5️⃣ Expected Price Movement – Bearish Outlook From here, we can expect the following price movement: 📉 Scenario 1: Continuation of Downtrend (High Probability) The price will likely form lower highs and lower lows on its way to 31.96. Each small rally should be met with selling pressure. 📈 Scenario 2: False Breakdown (Low Probability but Possible) If the price moves back above 33.95, the wedge breakdown will be invalid. This could lead to a bullish reversal instead. 6️⃣ Final Thoughts – How to Trade This Setup? This Rising Wedge Breakdown provides an excellent short-selling opportunity. Here’s how a professional trader would approach it: ✅ 🔹 Entry Strategy: Short after a retest of the broken wedge support Confirmation of lower highs ensures trend continuation ✅ 🔹 Risk Management: Place Stop Loss above 33.95 Take profits around 31.96 ✅ 🔹 Confirmation Signals to Watch: Lower highs forming after breakdown Increased selling volume on bearish candles Price respecting the downtrend structure 🔔 Conclusion – Bearish Bias Confirmed 🔻 Trend Shift: The breakdown signals a potential trend reversal in silver. 🔻 Bearish Targets: The price is expected to fall toward 31.96 in the coming sessions. 🔻 High-Probability Trade: Strong technical reasons support a bearish outlook. 🚨 Watch for further confirmations and manage risk effectively! 📊💰
OANDA:XAGUSDShort
by GoldMasterTrades
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
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
EURJPY Breakout Analysis: Falling Wedge & Key LevelsChart Pattern Breakdown The chart presents a 4-hour timeframe for EUR/JPY, revealing a strong technical setup with multiple key patterns in play. The price action has been forming a falling wedge, a bullish reversal pattern, followed by a breakout. Falling Wedge Formation A falling wedge pattern is characterized by a narrowing range, where both highs and lows trend downward but converge towards a breakout point. This setup indicates a loss of bearish momentum and the potential for a strong bullish move once the price breaks out. The wedge began forming in early February, with price making lower highs and lower lows within the structure. The support level remained stable, while the resistance trendline kept the price within a tightening range. Around early March, the price successfully broke above the wedge resistance, confirming the bullish breakout. Key Resistance & Support Levels Resistance Level (Marked on the chart) Around 163.500 - 164.000, where the price faced rejection multiple times. The market tested this level but struggled to break through immediately, confirming its importance. Support Level (Marked on the chart) Around 158.500 - 159.000, acting as a strong demand zone. This area provided multiple bounces before the final wedge breakout. Current Price Action & Trading Setup Breakout Confirmation: The price successfully broke the wedge and moved higher, testing the resistance zone. Pullback & Retest: The market is currently pulling back, testing the recent breakout area. This could be an ideal entry point for a long trade. Bullish Target: The next significant resistance is at 166.754, followed by an extended target at 166.938. Trade Plan ✅ Long Entry: On a successful retest of support near 160.500 - 161.000 🎯 Target 1: 166.754 🎯 Target 2: 166.938 🔒 Sell Stop (Stop Loss): Below 158.918 to minimize risk Conclusion The EURJPY chart is showcasing a strong bullish setup with a confirmed falling wedge breakout. As long as price holds above the key support level, the market is likely to continue its bullish momentum towards the 166+ zone. Traders should watch for confirmations such as bullish candlestick patterns, volume surges, and trendline support before entering a long position. 🚀 Do you agree with this setup? Drop your thoughts in the comments! 🚀
Long
by GoldMasterTrades
Ethereum (ETH/USD) - Potential Breakout from RangeEthereum (ETH/USD) - Potential Breakout from Range Chart Overview: The price of Ethereum (ETH/USD) has been consolidating within a range after breaking out of a long-term downtrend channel. A strong support level is identified around $1,852, which has been holding the price steady. A resistance zone near $2,076 is acting as a short-term barrier for upward movement. Trading Idea: If ETH successfully breaks above the range, it may trigger a bullish move towards $2,539 and potentially $2,854. Entry Strategy: Wait for a confirmed breakout above $2,076 with strong volume. Stop-Loss: Below $1,852 to minimize risk. Market Sentiment: ETH/USD is showing signs of accumulation, and a breakout could signal a new bullish trend.
BINANCE:ETHUSDLong
by PIPsOptimizer
Gold (XAU/USD) Pullback – Key Support Levels to Watch"📈 Chart Pattern: Gold has been trading inside an ascending channel, showing a strong uptrend. However, the price has started to decline from resistance, signaling a potential correction. 🔹 Key Levels: Current Price: $3,036.77 Support Target: $2,980.48 - $2,978.25 (First key support level) Stronger Support: $2,829.63 (Major trendline support) 📊 Trading Plan: Short-term traders may look for a sell setup toward $2,980 if the price continues its pullback. Buyers should wait for support confirmation before entering long trades. If price breaks below $2,980, the next support to watch is around $2,829.63. ⚠️ Risk Management: A return above $3,050 could invalidate the bearish pullback scenario. If the price bounces from support, buyers could target new highs. 💡 Conclusion: Gold is currently experiencing a pullback after a strong uptrend. Watch key support zones for potential trade opportunities. 📉📊
OANDA:XAUUSDShort
by PIPsOptimizer
CHF/USD Bearish Reversal: Trendline Break Strong Sell-Off!his CHF/USD (Swiss Franc/U.S. Dollar) 1-hour chart showcases a bearish trading setup, signaling a potential downside move after a failed breakout at a key resistance level. Below is a comprehensive breakdown of the chart, highlighting key technical elements, potential trade setups, and risk management considerations. 1. Identified Chart Pattern – Cup & Handle (Failed Breakout) The chart initially formed a Cup and Handle pattern, a bullish continuation setup where: The rounded bottom (cup) indicated accumulation and a gradual shift in trend from bearish to bullish. The handle consolidation represented a minor pullback before a potential breakout. However, the pattern failed to hold its bullish momentum. Instead of continuing higher, the price was rejected at the resistance level (ATH – All-Time High), signaling a shift in sentiment. 2. Key Technical Levels Resistance Level + ATH (All-Time High) The price reached a significant resistance zone (marked in blue), aligning with an all-time high (ATH) level. Multiple rejections at this level indicate strong selling pressure, making it a potential distribution area where smart money is offloading positions. Support Level + Reversal Zone After rejection from the resistance, the price retraced to a critical support zone, previously acting as a demand area (buyers stepping in). A break below this level confirms bearish momentum, increasing the likelihood of further downside movement. Trendline Break – Bearish Confirmation The trendline (marked in black) represents the primary uptrend support that guided price movement. The break below this trendline signals a loss of bullish strength, increasing the probability of a trend reversal rather than a continuation. 3. Projected Price Movement – Bearish Scenario Given the trendline break and rejection from resistance, the chart suggests a bearish wave with the following expectations: A retest of the broken trendline and support zone before continuing downward. Lower highs and lower lows formation – confirming a new downtrend. A potential drop towards key downside targets (marked as TP1, TP2, and the final target). Take Profit (TP) Targets: ✅ TP1 (1.1128): A minor support level where price may find temporary buying interest. ✅ TP2 (1.1111): A more significant support area that previously acted as demand. ✅ Final Target (1.1035): The ultimate downside objective, aligning with a major support zone and historical price action levels. Stop-Loss Placement (SL): 📍 Above the broken trendline OR the recent swing high, ensuring protection against false breakouts or retracements. 4. Trade Execution & Risk Management Entry Strategy (For Short Positions) 🔹 Aggressive Entry: Enter short immediately after the support zone break. 🔹 Conservative Entry: Wait for a retest of the support-turned-resistance area for confirmation before shorting. Risk-Reward Ratio Consideration: A properly placed stop-loss above resistance ensures a favorable risk-to-reward ratio. Ideal ratio: 1:2 or better, meaning potential reward should be at least twice the risk. 5. Market Sentiment & Possible Alternative Scenario While the primary outlook is bearish, traders must remain flexible and monitor price action closely: If price reclaims the support zone and breaks above resistance, it invalidates the bearish setup, shifting momentum back to bullish. A sustained close above the trendline could trap early sellers, leading to a short squeeze rally back toward resistance. 6. Final Thoughts 🔹 Bearish Bias: This setup favors downside movement due to trendline break, resistance rejection, and market structure shift. 🔹 Key Levels to Watch: Support zone retest, trendline confirmation, and target levels. 🔹 Risk Management is Essential: Using stop-loss protection and proper trade sizing to mitigate potential losses. Conclusion: High-Probability Bearish Setup 🚀 The CHF/USD pair has shifted to a bearish structure after failing to break its ATH resistance. The breakdown of the trendline and key support level suggests a strong sell-off towards the 1.1035 target. Traders should look for short opportunities on pullbacks while managing risk effectively. Would you like me to refine or simplify any part of this analysis for your TradingView post? 📉🔥
Short
by GoldMasterTrades
JPY/USD Breakout from Falling Channel – Bullish Trading SetupOverview of the Chart: The Japanese Yen (JPY) against the U.S. Dollar (USD) 1-hour chart showcases a well-defined market structure, transitioning from a downtrend within a falling channel to a breakout with bullish momentum. The chart highlights critical support and resistance levels, a confirmed breakout, and a forecasted price movement that could indicate further bullish continuation. This analysis will break down the chart patterns, technical indicators, and potential trade setups, providing a professional outlook on price action behavior. Technical Breakdown of the Chart 1. Falling Channel Pattern – Downtrend Phase The price had been trading within a descending channel, marked by two parallel trendlines (blue lines), indicating a controlled downtrend. A falling channel is a bullish reversal pattern, as it signals that bearish momentum is weakening. Within the channel, price action consistently created lower highs and lower lows, adhering to the structure of the pattern. The red dashed trendline inside the channel acted as a dynamic resistance, rejecting price movements multiple times before the breakout. 📌 Key Observation: The falling channel pattern suggests accumulation, where selling pressure gradually diminishes, paving the way for a bullish reversal. 2. Support Zone & Bullish Breakout The price eventually reached a strong horizontal support level (highlighted blue zone at the bottom), which acted as a critical demand area. This support level had previously led to strong rebounds, making it a significant zone for potential reversals. Bullish breakout confirmation: A strong bullish candle closed above the upper boundary of the channel, breaking the trendline resistance. The breakout suggests a shift in market structure from a downtrend to an uptrend, as buyers regained control. The price has now moved above the previous resistance, confirming the bullish momentum. 📌 Key Takeaway: The breakout is a strong signal that sellers have lost control, and a potential bullish trend could emerge. 3. Resistance Zone – Key Barrier for Buyers The next area of interest is the resistance level (highlighted in a blue rectangular zone). This level has historically acted as a strong supply zone, where price previously struggled to break through. If the price manages to sustain above this level, it would confirm bullish continuation toward higher price targets. 📌 Technical View: If buyers break past this resistance, it could lead to a strong bullish rally, reinforcing the new uptrend. 4. Target Projection & Forecasted Price Movement The chart outlines a forecasted bullish path using a zigzag projection (black lines). Here’s the expected price action: Short-Term Movement: Price might face temporary resistance near the blue resistance zone. A minor pullback or consolidation in this area is expected before further movement. Retest of Support: If price pulls back, it could retest the broken channel resistance or the support zone. A successful retest and bounce would validate the strength of the breakout. Bullish Continuation: If the resistance zone is broken, price is likely to continue toward the target level of 0.006842, a previous swing high. This level acts as the final upside target based on historical resistance levels. 📌 Key Insight: The market structure suggests that price will follow a higher-high, higher-low pattern, which is characteristic of an uptrend.
Long
by GoldMasterTrades
EURJPY 4H | Bullish Breakout & Retest – Next Big Move?The EUR/JPY 4-hour chart presents a compelling bullish breakout setup following a structured downtrend. The market recently broke through a significant resistance zone, indicating potential further upside movement. This analysis outlines key price levels, market structure, and an actionable trading plan. 📊 Market Structure Overview 🔸 Downtrend Reversal: The price was previously trading within a descending channel (highlighted in green), forming lower highs and lower lows. 🔸 Support Confirmation : The price bounced from a strong support zone around 158.500 - 160.000, confirming buyers' interest in this region. 🔸 Breakout & Retest : A strong bullish impulse broke through the 164.500 - 165.000 resistance zone, suggesting a shift in market sentiment. 📌 Key Trading Levels 🔹 Support Zone: 158.500 - 160.000 This area previously acted as a demand zone where buyers aggressively pushed the price higher. It now serves as a safety net for long positions. 🔹 Resistance Zone (Now Potential Support): 164.500 - 165.000 Price has broken above this level, but a retest could provide an ideal entry for confirmation. 🔹 Next Major Resistance (Target Levels): TP1: 165.000 → A psychological level and previous resistance. TP2: 166.020 → A higher resistance zone where price may struggle to break through. 📈 Trading Plan – Long Setup ✅ Entry Confirmation: Wait for price to pull back to the 164.500 - 165.000 zone. Look for bullish candlestick patterns (e.g., pin bars, engulfing candles) to confirm buyers stepping in. 🎯 Take Profit Targets: TP1: 165.000 (Initial resistance level) TP2: 166.020 (Potential extended bullish move) 🛑 Stop Loss Strategy: Below 160.038 (Previous structure low & key support level) Ensures protection against potential fakeouts or trend reversals. 📢 Risk-Reward Ratio: Aiming for 2:1 or better risk-reward ratio for an optimal trade setup. 📝 Market Outlook & Conclusion 📌 The recent breakout above resistance suggests bullish momentum is strong. However, traders should be patient and wait for a pullback to enter at a better risk-reward level. If price successfully retests and holds above 164.500, there is a high probability of continuation towards 166.020. 🚀 Trading Bias: Bullish – Until market structure shifts or a major rejection occurs at resistance. 📢 Final Trading Tip 🔹 Patience is key! Don’t rush into a trade immediately after a breakout. Wait for confirmation, as false breakouts are common in volatile markets. A successful retest of the broken resistance will provide a low-risk, high-reward entry opportunity.
Long
by GoldMasterTrades
CHF/USD Trading Idea – Bearish Reversal from Key ResistanceThis CHF/USD chart presents a compelling bearish setup, suggesting that the pair may be headed for a decline after facing strong resistance. The price action has followed a technical breakout and retest pattern, with a clear rejection from a well-defined resistance level. Traders looking for short-selling opportunities should take note of the key price zones, support levels, and overall market structure before making a move. Let’s break it down in detail. 🔍 Chart Breakdown: What’s Happening? 1️⃣ Falling Wedge Breakout & Bullish Push The price was consolidating inside a falling wedge, a pattern that typically signals an eventual breakout to the upside. The breakout led to a strong bullish move, pushing the price toward a well-established resistance zone around 1.1414. After breaking out, the pair made a significant upward run before stalling at this key resistance. 2️⃣ Key Resistance Level Holding Strong The price touched the resistance zone but failed to break above it. This rejection indicates that sellers are stepping in, absorbing the buying pressure. The market is showing early signs of bearish momentum, hinting at a potential downtrend. 3️⃣ Projected Bearish Move: Lower Targets in Sight If the current rejection holds, the price is likely to fall toward the nearest support levels: ✅ TP 1 (Take Profit 1): 1.1271 → First major support level, likely to be tested soon. ✅ TP 2 (Take Profit 2): 1.1201 → A deeper retracement if selling pressure increases. ✅ TP 3 (Take Profit 3): 1.1055 → Final downside target if the bearish trend extends further. 4️⃣ Stop Loss Placement – Risk Management To manage risk, the ideal stop loss should be placed slightly above the resistance level at 1.1414. This protects against potential false breakouts and unexpected market shifts. 📉 Trade Strategy – How to Approach This Setup? 🔸 Entry Point: Look for a confirmed rejection of the resistance level (e.g., bearish candlestick patterns like engulfing, shooting star, or pin bars). 🔸 Stop Loss: Place above 1.1414 to avoid getting caught in a short squeeze. 🔸 Take Profit Targets: First TP at 1.1271 Second TP at 1.1201 Final TP at 1.1055 for extended downside moves ⚠️ Important Notes for Traders: ✔ Wait for Confirmation: Don’t rush into a short trade. Look for a strong bearish candle closure or a retest before entering. ✔ Be Aware of News Events: Economic releases, interest rate decisions, and major USD-related news can impact price movement. ✔ Monitor Market Sentiment: If USD strengthens, this setup is even more likely to play out. 🧐 Final Thoughts – High Probability Short Setup? ✅ Why This Trade Looks Strong: The technical pattern is playing out perfectly, with a clear resistance rejection. The risk-to-reward ratio is favorable, with well-defined entry, stop loss, and take profit levels. The overall market structure supports a potential downside move if price continues respecting resistance. 📢 Bottom Line : If price remains below the 1.1414 resistance, this trade setup could provide an excellent opportunity for short-sellers targeting lower support levels. 🚀 Stay patient and wait for confirmation before pulling the trigger!
Short
by GoldMasterTrades
JPY/USD – Bullish Breakout After Falling Wedge!Let's take a deep dive into the JPY/USD price action and technical setup on the daily chart. The market has presented us with a falling wedge breakout, a strong bullish reversal signal. This pattern indicates a potential shift from the previous downtrend into an uptrend. 1️⃣ Falling Wedge Pattern – Bullish Reversal Signal The falling wedge is a classic bullish reversal pattern. It forms when price action makes lower highs and lower lows within two converging trendlines. The key characteristic of this pattern is the decreasing selling pressure, leading to a breakout to the upside. We observed a clear breakout from the wedge, indicating bullish momentum. Buyers have stepped in strongly, pushing prices above the resistance zone. This signals a potential trend reversal from bearish to bullish. 2️⃣ Breakout Confirmation & Key Levels Once the price broke above the wedge, it faced a crucial resistance zone (marked in blue on the chart). After breaking this level, it has now turned into support—a strong technical confirmation. Resistance Turned Support: The previous resistance is now acting as support, giving further confidence in the bullish move. Retest Expected: After breakouts, the price often comes back to retest support before continuing higher. If it holds, it’s a good entry opportunity. 3️⃣ Entry, Stop Loss & Take Profit Targets Based on the technical setup, here’s how we can approach this trade: 🔹 Entry: Ideal entry is around the current support zone after a successful retest. 🔹 Stop Loss: Placed below the support level at 0.006574 to minimize risk. 🔹 Take Profit (TP): The target price is set at 0.007126, aligning with the previous swing high. 4️⃣ Trade Outlook & Expected Movement If the price holds above support, we expect a bullish continuation towards the target. A minor pullback is possible before the next move higher. If the price breaks below the support zone, it may invalidate the bullish setup. 📌 Final Thoughts This setup is a high-probability bullish trade, backed by the falling wedge breakout and retest of a key level. However, always manage risk properly and wait for confirmation before entering the trade. What do you think? Do you see further upside, or is this a false breakout? Drop your thoughts below! 👇 #JPYUSD #ForexTrading #TechnicalAnalysis #TradingView #BullishBreakout #ChartPatterns
Long
by GoldMasterTrades
GBP/USD - 4H Chart Analysis & Trade Setup Market Overview: GBP/USD has been in an uptrend, forming a rising channel structure. The price is now testing a resistance zone, potentially indicating a reversal. Technical Analysis: Trend: Bullish (but approaching key resistance) Resistance Level: 1.29720 - 1.30000 (Highlighted Zone) Support Level: 1.24906 (Potential target) Stop Loss: 1.30970 (Above resistance) Pattern: Rising Channel Breakout Setup Trade Idea (Short Setup): 🔴 Sell Entry: Near 1.29720 (Resistance rejection confirmation) ✅ Target: 1.24906 (Major support zone) ⛔ Stop Loss: 1.30970 (Above resistance to avoid fakeouts) Conclusion: GBP/USD is testing key resistance and may face bearish rejection. A break below the channel confirms bearish momentum towards 1.24906. Traders may consider short positions with a defined risk-reward setup. 📉 Bearish bias unless price breaks above resistance.
Short
by ForexOptimizer
1
What is a BULL Flag Charting Pattern and How to draw it? 1/8This is video 1/8 of this series of BULLISH Chart Patterns. A bull flag is a continuation pattern that appears in a strong uptrend, signaling that the prevailing upward trend may continue. Here's how it looks: Flag Pole: A sharp, steep rise in price forms the flag pole. Flag: A period of consolidation with lower highs and lower lows, forming a flag that slopes against the prevailing uptrend. Breakout: A strong move upwards out of the flag, confirming the continuation of the uptrend. The bull flag pattern is popular among traders because it provides clear entry and exit points and is relatively easy to identify. It's a great indicator for momentum traders looking to capitalize on the continuation of a bullish trend. Like l Follow l Share Stay tuned for the other 7 BULLISH CHARTING PATTERNS
NASDAQ:GOOGEducation
by RonnieV29
14
🔥Ethereum's Tightrope: Will the Bear Flag Break? 📉 Levels 👀 🐻 Bear Flag Formation: The chart shows a bear flag pattern, outlined by yellow lines, suggesting a potential continuation of the downward trend after the consolidation. Watch for a price rejection at the upper trendline of the bear flag before a possible move down. 📐 Fibonacci Retracement Levels: Critical Fibonacci zones are plotted: The 38.2% level at about $3,307 could be the first resistance test. The golden ratio at 61.8% retracement, $2,823, is likely to offer considerable resistance. The 100% retracement at $2,039, marking a full return to the start of the price move, might serve as a strong support in a sustained downtrend. 🔵 Resistance Levels: The 'Shibunacci' blue lines indicate potential resistance points, with the highest at $4,451 signaling a significant barrier. 🔴 Support Levels: Marked levels hint at possible support zones, with the bottom level at $1,521 suggesting a pivotal area for bears. 📈 Price Action: Ethereum’s movement within the bear flag and around these key levels will be critical to monitor. 🔄 Indicator Analysis: 'Shibunacci' uses pivots to visualize support and resistance, and price crossing these trendlines could indicate breakouts or breakdowns. 🔮 Potential Outcomes: A break above the bear flag and past $4,451 might change the trend narrative, while a rejection and a drop through supports would confirm the bearish sentiment. 🕵️‍♂️ In essence, the 'Shibunacci' provides a mathematical approach to market pivot points. The bear flag points to a possible downtrend continuation, but price action near Fibonacci levels and resistance/support will offer clearer signals. Traders should also consider volume and other indicators for confirmation. 🛑 For a short, a stop loss could be considered just above the bear flag pattern or the nearest 'Shibunacci' resistance level to minimize potential loss if the trend reverses. 🚀 If the price climbs above $3,600, scalping opportunities may arise, taking advantage of smaller upward price movements while maintaining tight stop losses to protect against sudden declines.
INDEX:ETHUSDShort
by Shibunacci