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USDJPY – Major Symmetrical Triangle Breakdown | Retest PlayUSDJPY has recently broken down from a large symmetrical triangle pattern visible on the 4H timeframe. After a prolonged uptrend that formed the triangle structure, price decisively broke below the lower support line, indicating a shift in momentum from bullish to bearish. 📊 Technical Breakdown 1. Symmetrical Triangle Breakdown Price formed a classic symmetrical triangle pattern over several months. A strong bearish breakout occurred from the lower trendline, signaling a potential reversal. The projected measured move target from this breakdown points toward 141.526, representing a 6.5% decline. 2. Retest Zone Price has pulled back to retest the broken triangle trendline from below. This bearish retest setup is a textbook confirmation of resistance turning from previous support. The current consolidation suggests the market is gathering liquidity before a potential next leg down. 3. Market Structure & Momentum Lower highs and lower lows are now forming post-breakdown, confirming a bearish structure. A clear rejection from the retest zone around the 151.500–152.000 level would further validate the short thesis. 🧠 Trade Idea Entry Zone: On confirmation of rejection near the retest (~151.5 area) Target : 141.526 (Measured move from triangle breakdown) Stop Loss : Above the triangle high or above the recent swing (~153.00+) Risk-Reward : High probability play based on pattern + structure shift ⚠️ Key Watch Levels Resistance: 151.5–152.0 (triangle retest) Support/Target: 141.5 (measured move) Break above 153.0 will invalidate this bearish bias.
Short
by ForexOptimizer
AUD/JPY Chart AnalysisAUD/JPY Chart Analysis **Key Patterns Identified:** 1. **Rectangle Pattern (Range-bound Market)** - The price traded within a horizontal range, forming a consolidation zone. - Two clear support touches at the bottom of the range (labeled as Bottom 1 and Bottom 2). - The price respected both support and resistance levels multiple times before breaking out. 2. **Double Bottom Formation** - A classic reversal pattern, signaling potential bullish momentum. - Bottom 1 and Bottom 2 indicate strong support, where buyers stepped in. - The breakout above the rectangle confirms the pattern, suggesting further upside potential. **Breakout Confirmation:** - The price successfully **broke out** above the rectangle's resistance. - Volume increased during the breakout, supporting bullish momentum. - Moving Averages (EMA 7, 21, and 50) are aligned bullishly, confirming the uptrend. **Target Projection:** - The expected target is measured based on the rectangle’s height. - The breakout suggests a potential move towards **97.00** as the next resistance zone. **Key Levels to Watch:** - **Support:** 94.50 (previous range support), 95.00 (psychological level). - **Resistance:** 96.00 (current price zone), 97.00 (breakout target). **Conclusion:** - **Bullish Bias:** Price action and technical indicators favor more upside. - **Watch for Retests:** A pullback to the breakout zone (around 95.00) could offer buying opportunities. - **Risk Management:** If price re-enters the rectangle, the breakout may fail, requiring reassessment.
Long
by elitetrader9090
GBP/USD Chart Analysis: (1H Timeframe)**Chart Analysis: GBP/USD (1H Timeframe)** **1. Chart Pattern - Rising Wedge 📉** - The price has formed a **rising wedge**, a bearish reversal pattern. - A rising wedge occurs when price makes higher highs and higher lows but within a narrowing range, suggesting weakening bullish momentum. - The price has now broken out of the wedge, signaling a potential downward move. **2. Key Levels & Targets 🎯** - **Current Price:** Around **1.29720** - **EMA Levels:** - **7 EMA:** 1.29767 (Short-term trend indicator) - **21 EMA:** 1.29748 - **50 EMA:** 1.29629 (More reliable trend indicator) - **Bearish Breakdown Targets:** - **First Target (Red Label):** Around **1.2800**, aligning with previous support levels. - **Final Target (Green Label):** Around **1.2650**, suggesting a larger move downward if selling pressure continues. **3. Confirmation of Downtrend? 🔻** - The breakdown below the rising wedge suggests a potential **downtrend continuation**. - The **break below 1.2900** would likely confirm a stronger bearish move. - Volume is increasing on the move down, indicating strong selling interest. *Possible Trade Setups 📊** 1. **Bearish Scenario:** - A short position can be considered if price continues breaking below key EMAs and previous support. - **Entry:** Below 1.2960 - **Stop Loss:** Above 1.3000 - **Take Profit:** 1.2800 (first target) or 1.2650 (final target). 2. **Bullish Reversal Possibility:** - If price **reclaims the wedge** and breaks above 1.3000, it could invalidate the bearish pattern. **Conclusion:** - The **rising wedge breakdown** suggests bearish momentum. - A move below **1.2900** would confirm further downside. - **Watch for volume confirmation** before entering a trade.
Short
by elitetrader9090
Bearish thesis for GOLD for the weekend XAU had been on a steady Bullish Run , Rightfully so. if any asset deserves to appreciate in its price while doing the most amount of Good, its GOLD But we traders , look for technical opportunities that's where this trade idea comes in. - Gold is pressuring its recent range with limited bullish strength - also its its most popular cross - USD gaining substantial momentum the last 2 Quarters can make room for a correction before the trend continues to the upside. therefore falling back on pure technical calculations leads us back to our excel sheets for daily range projections which put our range to be exactly 1.03% or 3034 /303* pips depending your brokerage metrics. which leads me to make this 1:4 Trade idea for this week. cheers.
PEPPERSTONE:XAUUSDShort
by Drsamc
Usdjpy sell zoneThis is a USD/JPY (U.S. Dollar/Japanese Yen) 1-hour timeframe technical analysis from FXCM, indicating a sell trade setup with the following details: 1. Resistance Level: Identified around 149.546, marked in yellow. This is the level where price is expected to face selling pressure. 2. Entry Point: Around 148.990, which aligns with a key resistance zone. 3. Target Level: 147.459, representing the expected price drop where traders may take profit. 4. Market Outlook: The analysis suggests a bearish setup, expecting price rejection from the resistance zone and a downward move toward the support level. 5. Price Action Strategy: The price is likely to consolidate near resistance before making a decisive move downward. This setup signals a potential short (sell) opportunity, anticipating that USD/JPY will decline after hitting resistance, making it favorable for sellers.
Long
by Forex_ViP_Signalss
Levels to consider for Crude oil Futures CL1!On this video i discuss what I think is the next long/short to consider and illustrate how not to get caught up in the noise of low probability setups . Currently we are trading inside of a range between the POC and the VAH . I look back on previous highs in the chart and how we reacted at those levels and what I potentially see looking forward . My bias overall is expecting more downside but I dont marry that one bias and simply look at the PA from both sides with a focus on having a plan in the event of a move up or Down .
NYMEX:CL1!
by SJTRADESFUTURES
GOLD Massive Short! SELL! My dear friends, Please, find my technical outlook for GOLD below: The instrument tests an important psychological level 2912.4 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2897.6 Recommended Stop Loss - 2918.8 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1
$GBPUSD DOLLAR EDGES UP, STERLING DIPS & YEN STEADIESDOLLAR EDGES UP, STERLING DIPS & YEN STEADIES 1/7 Dollar’s on a slight uptick today but still near recent lows. 💵🔎 All eyes are on upcoming U.S. economic data—could it shake the greenback out of its range? 2/7 Sterling falls as traders brace for a possible Bank of England rate cut. 💷❓ Recent economic signals point toward a policy adjustment—markets are watching closely! 3/7 The yen hit an 8-week high overnight after a BoJ board member hinted at further rate increases. ⬆️🇯🇵 But it pulled back in European trade, settling into a steady groove. 4/7 Why the mild dollar strength? 1️⃣ Easing trade war fears 2️⃣ Anticipation of Friday’s big U.S. data drop Investors remain cautious, but a surprise on the data front could shift sentiment fast. 5/7 Sterling’s dip reflects the BoE’s potential pivot. 👀💼 A rate cut could lower borrowing costs, but also typically pressures a currency downward. 6/7 Which currency do you think will see the biggest move after the BoE decision? 1️⃣ Dollar 2️⃣ Sterling 3️⃣ Yen 4️⃣ Something else? Vote below! 🗳️👇 7/7 Uncertain times call for tight risk management! ⚠️💹 Currency markets hinge on central bank signals—stay vigilant and nimble with your trades.
Long
by DCAChampion
1
GBPJPY Sell/Short Signal 2In continuation of GBPJPY downtrend we have officially smashed through the first TP without any issues and a smooth come down on what we have seen in previous days highs that could not sustain. I still see this going down to the second TP then go all the way down to the third TP completing the entire targets range we have analyzed to make. Please be sure to use proper risk management and as well proper caution on how much you leverage for all your trades. Thanks for stopping by to see our charts!
Short
by KingTraderFX
USDJPY - Short TradeMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
EURAUD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko