CHFJPY: Pullback Trade From Key LevelAnother pair that appears attractive for buying at a key support level is 📈CHFJPY.
Following a test of an important intraday structure, the price has formed a cup & handle pattern.
A bullish breakout above its neckline serves as a solid bullish confirmation.
It is likely that the pair will continue to climb and reach the 170.24 level in the near future.
Cup And Handle
Bitcoin Inverted Cup & handle Bitcoin is forming an inverted Cup & handle pattern with a target of 63k-66k. I was surprised to see this when I inverted the chart. Just sharing with you what I see, and I hope the pattern changes and we continue to go up. However the highest probability at the moment is further downside, but we may still have a bounce toward 89k-91K before seeing the blood.
GBPAUD: Pullback From ResistanceThe GBPAUD pair appears to be showing a bearish trend on the 4-hour time frame after testing a significant intraday resistance.
An inverted cup & handle pattern was formed on the hourly chart, along with strong bearish momentum this morning, indicating a potential downward movement.
I believe that the market may retrace back to the 2.0500 support level at the very least.
Manappuram Finance: Long-Term Breakout Alert🚀 Manappuram Finance: Long-Term Breakout Alert! 🚀
🔹 CMP: ₹230 | Stop Loss: ₹170 | Target: ₹290 | ₹372
🔍 Why Manappuram Looks Promising?
🔄 Technical Breakout:
A rounding bottom (or cup-and-handle) breakout with a well-defined base formation—indicating potential long-term upside.
📊 Accumulation Opportunity:
As the breakout occurs, retests may follow—offering an ideal opportunity for staggered accumulation. Long-term investors can accumulate on dips for better risk-reward.
📈 Target Calculation:
📏 Pattern Depth Approach: Targets are derived from the depth of the rounding bottom or cup-and-handle pattern.
📊 Fibonacci Validation:
✅ Retracement Levels (Stop Loss Zones): ₹138 & ₹230
✅ Extension Levels (Price Targets): ₹81.5, ₹230 & ₹138
📌 Pro Tip: Plot these Fibonacci levels yourself to build conviction and sharpen your analysis.
📉 Risk Management:
Stop loss is carefully aligned with Fibonacci retracement to minimize downside risk.
Follow strict position sizing to safeguard capital—especially in volatile market conditions.
⚠️ Caution: Market conditions can shift quickly—adjust your position size based on your risk tolerance and trading plan.
📍 Outlook:
With a confirmed breakout and strong technical alignment, Manappuram Finance offers a high-probability swing trade for long-term investors.
📣 What are your thoughts on this breakout? Share your views in the comments!
📅 Follow for more technical insights and market updates.
📈 #ManappuramFinance #BreakoutAlert #TechnicalAnalysis #SwingTrading #InvestmentOpportunity
📉 Disclaimer: As a non-SEBI registered analyst, I encourage you to conduct independent research or consult a financial professional before making investment decisions.
RIPPLE (#XRPUSDT): Bullish Reversal Confirmed?!Ripple's price saw a positive shift following the SEC officially dropping the lawsuit against XRP.
The price broke through a key daily resistance level, indicating a bullish trend reversal. A cup and handle pattern was formed with a broken horizontal neckline, suggesting a confirmed bullish reversal.
I anticipate further growth in the market, with potential targets at 2.69 and 2.94 levels in the near future.
BITCOIN (BTCUSD): Bullish Reversal Confirmed?!
Bitcoin turned bullish after the yesterday's FOMC.
The price broke and closed above a significant daily resistance.
I see a confirmed bullish reversal pattern now:
a cup & handle with a broken horizontal neckline.
I think that the market will continue growing and reach at least 90500 level soon.
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USDJPY Tests Cup and Handle Formation Ahead of FOMCUSDJPY has formed a cup-and-handle pattern just below the 150 level. Today, the Bank of Japan kept interest rates steady at 0.50%. Wage negotiations so far indicate a 5.46% wage increase, which Governor Ueda described as "somewhat strong." Combined with rising food prices, the risk of further inflation has increased. Japan's inflation has remained above 2% since early 2022, and there’s no sign of that trend reversing anytime soon. In light of these factors, the BOJ is likely to consider a rate hike in May.
However, today’s market focus will shift to the FOMC. The Fed is expected to raise its inflation and unemployment forecasts while lowering its growth forecast due to the anticipated effects of new U.S. trade policies. These stagflationary pressures are likely to keep the Fed’s rates elevated for an extended period. If the dot plot shows only one rate cut this year (instead of two as projected in December), the dollar index may begin to recover.
The 150 level remains a key resistance for USDJPY. A confirmed breakout of the cup-and-handle pattern has the potential to push the pair towards the 153 level over the medium term. However, given the underlying fundamentals favoring BOJ rate hikes, any upward movement will likely be slower and more choppy, unless of course FOMC goes full hawkish.
On the downside, if the Fed is less hawkish than expected, 149 (and sliglty below)becomes the critical support to watch. A break below 149 would invalidate the bullish pattern and shift momentum to the downside for USDJPY.
NZDJPY: Bearish Movement Confirmed 🇳🇿🇯🇵
All Yen pairs look bearish after the early morning BoJ interest
rate decision and press conference.
NZDJPY formed an inverted cup & handle pattern on a 4H
after a test of a key daily resistance.
High momentum bearish candle indicates a strong bearish sentiment.
I think that the price may drop at least to 86.2 level.
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DOW JONES INDEX (US30): Pullback From Resistance
Dow Jones Index looks bearish after a test of a key daily/intraday resistance.
An inverted cup & handle pattern on that on an hourly and a strong
intraday bearish momentum this morning leaves clear bearish clues.
I think that the market can retrace at least to 41580 support.
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EURAUD: Bearish Correction Continues📉EURAUD has broken through and closed below an important horizontal support level during the day.
The highlighted blue section also serves as the neckline for an inverted cup & handle pattern.
This violation suggests that there may be further decreases in price.
The next support level to watch for is at 1.7110.
Ethereum (ETH/USD) Bearish Setup | Cup and Handle BreakdownEthereum (ETH/USD) Chart Overview:
Ethereum (ETH/USD) has formed a Cup and Handle pattern on the daily timeframe, but instead of breaking out bullish, price is showing signs of a bearish breakdown.
The handle formation has taken the shape of a rising wedge, a typical bearish continuation pattern.
Price has broken below the wedge support, confirming potential downside momentum.
Technical Analysis:
1. Cup and Handle Breakdown: A failed bullish continuation suggests that sellers have taken control.
2. Rising Wedge Pattern: The recent consolidation (handle) formed a rising wedge, which has now broken down.
3. Key Resistance Zone: The $2,869 level is acting as strong resistance, preventing further upside.
4. Breakout Confirmation: ETH/USD has broken below the handle support, indicating a continuation of the downtrend.
Trade Plan:
Short Entry: Below $2,505
Stop-Loss: Above $2,869 (invalidates the setup if price reverses)
Target: $1,700 (previous support and Fibonacci level)
Fundamental Outlook:
Ethereum has faced selling pressure amid broader crypto market uncertainty.
Macroeconomic factors like rising bond yields and regulatory concerns could add to the bearish sentiment.
If Bitcoin faces further downside, ETH could follow suit.
If ETH remains below the breakout zone, we anticipate further downside toward $1,700. However, a reclaim of $2,869 could invalidate this bearish bias.
Must Suport And Let me know your thoughts! Happy trading!
EURCHF: Correctional Movement Started 🇪🇺🇨🇭
EURCHF started a correctional movement after a test of a key daily resistance.
Inverted cup & handle pattern on an hourly time frame on that
provides a strong intraday bearish confirmation.
We can expect a bearish continuation at least to 0.96 today.
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Exide Pakistan - LongExide is making multiple bullish patterns
1- Inverse head and shoulder
2- Cup and Handle
3- Bullish Flag
4- ABCD pattern
It may go down to 670 at the worst, but may also revert back from here to complete CD leg which may touch 1600.
Short term target: 1100
Medium term target: 1600
Long term target: 2000