JPY/USD Trading Setup – Falling Wedge Breakout & Bullish MoveThe JPY/USD 1-hour chart is displaying a well-defined falling wedge pattern, which is typically a bullish reversal setup. This pattern forms as price action moves within converging trendlines, indicating that selling pressure is gradually weakening. The breakout from this pattern signals a potential trend reversal, and the price may be heading toward key resistance zones and an eventual bullish target.
This analysis will break down the chart structure, market psychology, key levels, and a trading setup to help traders make an informed decision.
1. Understanding the Falling Wedge Pattern
The falling wedge is a common price action pattern characterized by:
🔹 Lower highs and lower lows forming within two downward-sloping trendlines.
🔹 Decreasing volume, indicating that sellers are losing momentum.
🔹 A breakout above the upper trendline, confirming a shift in trend and signaling the start of bullish momentum.
Market Psychology Behind the Wedge Pattern:
📉 During the wedge formation, the market is in a downtrend, and sellers are in control. However, with each new lower low, the price finds strong support, and buyers start stepping in.
📊 As the wedge narrows, the downward momentum weakens, and sellers struggle to push the price lower. Eventually, demand exceeds supply, leading to a breakout to the upside, which is exactly what we see on this chart.
2. Key Levels & Market Structure
🔹 Support Zone & Reversal Area:
The support zone between 0.006660 - 0.006680 acted as a strong demand area, preventing further downside.
This is also labeled as a reversal area, meaning buyers were aggressive in this zone.
The final touch at this support led to a strong bounce, initiating the breakout.
🔹 Resistance Level:
The price is now approaching a key resistance area at 0.006780 - 0.006800, which previously acted as a supply zone.
A break and retest of this level would further confirm bullish momentum.
🔹 All-Time High (ATH) & Target Level:
The ATH region is marked on the chart as a historical resistance level where price faced strong selling pressure before.
If the current breakout holds, price action could aim for the 0.006851 target level, completing the measured move from the wedge pattern.
3. Trading Strategy & Execution Plan
📈 Entry Strategy:
There are two main ways to enter this trade:
1️⃣ Aggressive Entry: Enter immediately after the breakout above the falling wedge.
2️⃣ Conservative Entry: Wait for a breakout AND retest of the previous resistance turned support (0.006780 zone) before entering long.
🔻 Stop-Loss Placement:
To manage risk, traders should consider placing stop-loss orders:
Below the previous support zone (0.006660) to minimize downside risk.
Alternatively, below the wedge breakout point if using a tight stop-loss.
🎯 Take-Profit Targets:
1️⃣ First Target: 0.006780 (near-term resistance level).
2️⃣ Final Target: 0.006851 (based on wedge breakout projection).
4. Confirmation & Risk Management
🔎 Key Confirmation Factors for a Strong Breakout:
✅ Price breaks above the falling wedge with strong bullish candles.
✅ Volume increases, showing strong buying interest.
✅ RSI or other momentum indicators confirm bullish divergence.
⚠️ Potential Risks to Consider:
False Breakout: If price falls back inside the wedge, this could invalidate the bullish setup.
Rejection at Resistance: If buyers fail to push price above the 0.006780 resistance, it could lead to another consolidation.
5. Final Thoughts & Trading Outlook
📌 This JPY/USD chart presents a high-probability bullish setup due to the breakout from a falling wedge pattern.
📌 The breakout, strong support zone, and bullish price action indicate further upside potential.
📌 Risk management is key—waiting for confirmation can increase the probability of success.
💡 Final Verdict: Bullish Bias – Watching for Retest & Continuation to Target! 🚀
Falling Wedge
EURJPY → False breakout of key resistance ...FX:EURJPY is forming a false breakdown of resistance and draws us a reversal pattern against the upper boundary of the descending price channel, as well as the pressure on the market creates the correction of the dollar...
On the daily chart the structure is bearish. After the false breakout of the global resistance a correction is formed, within which the price can test the imbalance zone or the previously broken resistance and continue its fall after the liquidity capture. The global trend is neutral and in this case it is worth considering local support levels as targets
Resistance levels: channel boundary, 162.3, 163.0
Support levels: 160.84, 158.9
A retest of the channel resistance or the area of 162.4 - 163 is possible. But any return of the price under the resistance of the descending channel and consolidation of the price in the selling zone may provoke further decline
Regards R. Linda!
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! 🚀
ENA/USDT: 100% PROFIT POTENTIAL TRADE SETUP!!🚀 Hey Traders! ENA Breakout Alert – 100% Move Incoming? 👀🔥
If you’re excited for this setup, smash that 👍 and hit Follow for premium trade ideas that actually deliver! 💹🔥
🔥 ENA/USDT – Breakout & Retest in Play! 🚀
ENA has broken out of a falling wedge and is now retesting the breakout level. With momentum building, it looks poised for a massive 90-100% upside move from here! 💥
💰 Trade Setup:
📍 Entry: CMP, add more up to $0.36
🎯 Targets: $0.46 / $0.58 / $0.66 / $0.77
🛑 Stop-Loss: $0.325
⚡ Leverage: Low (Max 5x)
🔎 Strategy:
Enter with low leverage now
Add more on dips and ride the breakout momentum higher 🚀
💬 What’s Your Take?
Are you bullish on ENA’s potential for a 100% move? Share your analysis, predictions, and strategies in the comments! Let’s crush it together and lock in those gains! 💰🚀🔥
Another look at the wedge/pennant I just postedI decided to do a second chart idea on the pennant I posted in the last chart, this tme including the super pivotal support trendline and moving the emasured move line to the point that support line crosses over the top trendline of the wedge. Will be interesting to see if either of these measured move line projections from this dea and the last one play out. *not financial advice*
Falling Wedge/Pennant on BitcoinThe full wedge extends all the way into August. I certainly hope we break up from it well before then. I place the measured move line around where I think we old break upward from if we can flip the 200ma back to solidified support. It of course could actually take much longer to break up from the wedge but even if it did the lowest price of the wedge is really not that terrifying in my opinion and would instead just be a phenomenal buying opportunity if we were allowed to accumulate mote that cheap. Because of other major supports not shown here however going below 70k for anything but an extremely brief wick seems an incredibly low probability. *not financial advice*
OMUSDT → Paranormal behavior. Rally readinessBINANCE:OMUSDT as a whole looks stronger than the market. After a strong rally a correction in the format of a bearish wedge is formed, subsequently the price broke the resistance and is trying to consolidate above the key support
Against the background of a weak market OM coin has good prospects as technically someone is interested in this project and the coin as a whole behaves strongly and looks stronger than the market.
A breakout of the bearish wedge (consolidation pattern within the correction) is forming. If the bulls keep the coin above the previously broken figure resistance and above the base of the 6.752 reversal pattern, the growth may continue in the short to medium term
Resistance levels: 7.39, 7.98
Support levels: 6.752, 6.51
One of the few coins that is rising while bitcoin is falling. Focus on the previously mentioned support levels, as well as on the local resistance 7.05, the break of which may provoke a prolongation of growth
Regards R. Linda!
MARI - PSX - Beginning of a Bull Run MARI is the market leader of PSX. Historically, on time cycles it has shown consolidation period of 43 days before going into a bull run spanning around 32 days. Price after making the falling wedge has broken the structure upwards and now has even crossed the recent Lower High 627.40 as well - which signals a trend reversal towards bull run.
Very good volumes are also experienced which are also confirmed by KVO which is a volume-based oscillator (blue line is almost at 60 degree angle going up). RSI is at 70 without any sign of reversal. Therefore, it would be a fair bet that we might see another cycle of bull run which should cross the previous all-time high (900.23) calculated on the basis of AB=CD or Fib based Extension tool.
A minor retrace at key levels is expected where one should book profit.
Trade Values
Buy-1: 649
Buy-2: 630 (if price dips)
TP-1: 740
TP-2: 840
TP-3: 900
TP-4: 1030
SL: 535
PIPPIN/USDT: LONG TRADE SETUP!!🚀 Hey Traders! PIPPIN Breakout Alert – Big Move Incoming? 👀🔥
If you’re excited for this setup, smash that 👍 and hit Follow for high-quality trade ideas that actually deliver! 💹🔥
🔥 PIPPIN Breakout & Retest – Time to Pump?
PIPPIN has broken out of a falling wedge on the 2H timeframe and is now retesting the breakout level. If this retest holds, we could see a strong rally ahead! 🚀
💰 Trade Setup:
📍 Entry: CMP, add more up to $0.019
🎯 Targets: $0.0225 / $0.0252 / $0.0294 / $0.0334
🛑 Stop-Loss: $0.018
⚡ Leverage: Low (Max 5x)
🔎 Strategy: Enter with low leverage now, scale in on dips, and ride the momentum to key targets!
💬 What’s Your Take?
Are you bullish on PIPPIN’s breakout? Drop your thoughts, analysis, and predictions in the comments! Let’s secure those gains and ride this wave together! 💰🚀🔥
BITCOIN → Short-squeeze 86-89K before falling further to 75KBINANCE:BTCUSD continues to form a downtrend after breaking the bullish structure on the weekly timeframe. There is no bullish driver yet, and technically, the price is heading to the global imbalance zone of 75-73K
The past crypto summit and any other talk of cryptovalt support cannot support the market. Such events end with further market decline.
Technically, the market continues to form a downtrend (global counter-trend), based on this alone, we can say that the price is now going against the crowd and this is generally logical behavior. Globally, the zone of interest is located in the following zones - 75K, 73K and order block 69-66K
Locally, I would emphasize the nearest liquidity zones, located at the top, which can be tested before the further fall: 86697, 89.397
Resistance levels: 85135, 86678, 89397
Support levels: 79987, 78173, 73512
After the false break of 78K support there is no strong reaction, the market is forming a struggle for 84-85K zone, which generally indicates buying weakness. Before the further fall there may be a short-squeeze relative to the above mentioned zones of liquidity, which may lead to a further fall
Regards R. Linda!
QUICKUSDT → Pending a false breakout of resistanceBINANCE:QUICKUSDT is forming counter-trend movement to the resistance of the range - 0.02957. A false breakdown of the key level is formed against the background of the downtrend
The cryptocurrency market is experiencing bad times. While bitcoin is testing new lows - 76K, altcoins are cutting through to find another bottom.
QUICK stands out in this picture, testing a strong resistance (liquidity) zone 0.02845 - 0.02957 and forming a false breakout.
BUT! in the morning session bitcoin strengthens after a strong fall and can pull the whole market up with it. Thus, before the further fall another attempt to retest 0.02953 or update the tail of the false breakout at 0.03000 (0.7fibo) is possible.
Resistance levels: 0.0285, 0.02953, 0.0300.
Support levels: 0.0243, 0.02118
If the next resistance retest ends in a false breakdown and price consolidation under 0.02957, QUICK coin may continue its decline in the short and medium term.
Regards R. Linda!
Bitcoin in a falling wedge / bull pennant It’s hard to say where it will. Break up from ths pennant, I put the dotted measured line in an arbitrary spot which will almost certainly have to be readjusted and most likely further down than where I placed it but if it were to somehow break up from the wedge by then and confirm that breakout the target would be in the 145k zone. *not financial advice*
Falling Wedge Breakout in Play? Key Levels to Watch!After analyzing the chart across multiple timeframes, we have identified a Falling Wedge pattern, signaling a potential bullish breakout. Additionally, bullish divergence is visible on most timeframes, reinforcing the likelihood of upward momentum.
Currently, the price is trading above a strong support level at 146.213, indicating a solid base. Our nearest resistance stands at 147.807—a breakout above this level could pave the way for further gains. The next key targets align with the 38.2% and 50% Fibonacci retracement levels, offering potential profit opportunities.
As always, stick to your risk management strategy to protect your capital. Stay disciplined and trade wisely!
BITCOIN → The fall continues... 82K → 76K → 73KBINANCE:BTCUSD is in a sell zone. Trump's comments on the federal reserve, crypto summit failed to impact the crypto market other than a global shakeup and liquidation...
The market has failed to see a proper bullish driver, so far. Trump's comments on the Fed ended in a global shakeup (liquidation). Yesterday's summit went so far as to prevent the cryptovalt market from turning green.
Technically. Global growth is temporarily halted, the flagship is moving into a deep correction phase, with 73K still the primary target. The market needs liquidity, as it will not be possible to grow at the expense of buyers and only bullish leverage all the time.
Price is forming a 90K - 82K range in the short zone after exiting the global consolidation. False break of 91K resistance ( global consolidation support ) ended with a fall, which may continue to both 82K and 73.5K.
Resistance levels: 89400, 91K, 93K
Support levels: 82K, 78K, 73K
The key zone of interest and liquidity is 73-66K. The price is working on a false break of resistance, the imbalance of forces in favor of bears, thus the first stop may happen in the zone of 82K ( lower boundary of the range ). Further it is necessary to observe the reaction to the support. Consolidation, breakdown and consolidation below 82K will provoke a fall to lower targets.
Regards R. Linda!
60% Upside - H5 Trade of the Week!H5 Trade of the Week!
In this video, we are talking about a phenomenal potential trade that allows us to take action if we get some key items.
Everything is lining up for this one. We just need a few more items, and it will be time to enter!
NYSE:OSCR Breakout = $24/ $28
Not financial advice
USDJPY → Readiness to break the daily support levelFX:USDJPY is testing strong key support at 148.64 for a breakdown. A falling dollar could affect further movement
The falling dollar is supporting the Japanese Yen, thus we may see the currency pair falling.
The price is trying to break the support of the daily level. A pre-breakdown consolidation of 150.3 - 148.64 is formed relative to this support. The last retest of the level ended with a small false breakdown, indicating that there is no one to defend the support anymore, there was no reaction except for another local consolidation, the purpose of which is to accumulate the potential to break the support.
Resistance levels: 150.3, 150.95
Support levels: 148.64, 147.17
The focus is on the level of 148.64 concerning which the market is struggling. The bulls have little chance to hold this level, as the dollar's fall exerts quite a lot of pressure.
The breakdown and fixing of the price below 148.64 may provoke a fall to 147 - 144.
Regards R. Linda!
$HOSKY Poised for a 500% Surge Amidst Falling Wedge BreakoutHOSKY Token ($HOSKY) the first dog-themed token built on the Cardano blockchain is poised for a breakout amidst a prolonged steeped falling wedge pattern that has kept the token in suspends for almost 3 months since consolidating on the first week of December last year.
so many patterns hints at a potential bullish reversal one of which is the growing ecosystem of the cardano blockchain. Data from DefiLlama shows a growing volume in the Total Value Locked (TVL) on the Cardano ecosystem with about $442.41 Million locked so far in TVL.
Further validating the bullish thesis is the RSI which is currently at 52 giving $HOSKY more space to capitalize on the 500%. The daily chart pattern shows $HOSKY is trading below key Moving Averages (MA).
HOSKY Token Price Live Data
The live HOSKY Token price today is $1.06e-7 USD with a 24-hour trading volume of $467,937 USD. We update our HOSKY to USD price in real-time. HOSKY Token is up 5.30% in the last 24 hours, with a live market cap of $24,229,480 USD. It has a circulating supply of 227,999,999,999,931 HOSKY coins and a max. supply of 1,000,000,000,000,001 HOSKY coins.
NVDA Falling Wedge Pattern Setup after retestAnother falling wedge pattern has formed on NVDA's hourly chart, with price action contained between two converging downward trendlines. The stock shows a potential bullish reversal setup after testing major support at 109. Volume has been declining during the pattern formation, which is why a falling wedge. Pull back to retest upper trendline.
SL at 108 1st target 131
BITCOIN → Testing $88K - $90K. False or true breakdown?BINANCE:BTCUSD enters the risk zone and forms a false breakdown of the key support zone. All eyes are on the bulls, whether they can keep their defense on the market or not....
On D1 - W1 price in global consolidation after strong growth. The focus is on 90-91K, a zone that is a strong support for the global trend. A false breakout is forming at the moment.
On the Local timeframe H1 - H4 the price is testing the local channel support, as well as the risk zone 89400.
If the bulls can keep the defense above 89400 - 90K, bitcoin may strengthen. The primary target in this case could be 94K
Support levels: 91280, 89400
Resistance levels: 94800, 99200
Statistically, the strongest dvjeniyas are formed after a false breakdown. But there is another question here, what kind of breakout will be - true or false.
In our case, we need to wait for confirmation, namely, for the price to consolidate above the key zones and levels. Emphasis on 89400, 90000, 91300
Regards R. Linda!
Be careful with DOGE !!!The price drops to around 0.21 and then pumps to 0.29 cents.
and if this wedge is broken, you will no longer see cardano below 23 cents.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
❗Disclaimer
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Nifty formed falling wedge on daily time frame - Towards 20,300On daily time frame, Nifty has falling wedge breakdown.
It has good support at 20,550 on weekly closing base.
Below 20,550 it will have following targets possible,
22,000 / 21,680 / 21,300 / 20,900 / 20,600 / 20,300
Technically 20,300 possible to fill gap on day time frame.
Ethereum (ETH/USD) - Falling Wedge Breakout Setup!Overview:
A potential bullish breakout from a falling wedge pattern, signaling a trend reversal.
Key Technical Insights:
🔹 Falling Wedge Formation:
Ethereum price has been trending downward inside a falling wedge, a common bullish reversal pattern.
The price is now testing the upper wedge resistance, indicating a possible breakout.
🔹 Support & Resistance Levels:
Support: Near 2,665 - 2,663 USD, acting as a strong downside cushion.
Resistance: The price needs to break above 2,694 USD to confirm the breakout.
🔹 Target Projection:
A breakout above the wedge could push the price up by 5.35% (144 USD) towards the 2,839 USD take-profit level.
Trade Plan:
📌 Entry Strategy:
Enter after confirmation of a breakout above 2,694 USD with volume.
A retest of the wedge breakout zone could provide a better risk-to-reward entry.
📌 Stop Loss:
Placed below 2,663 USD, invalidating the breakout if breached.
📌 Take Profit Target:
Around 2,839 USD, aligning with the measured move of the pattern.
Final Thoughts:
✅ Breakout potential is strong – wait for confirmation!
✅ Bullish momentum could drive ETH towards the 2,839 USD target.
✅ If price drops below 2,663 USD, consider exiting as the setup is invalidated.
📈 Watch for volume increase to confirm the breakout. 🚀