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Rising Wedge

BF UTILITIES LTD 'S KEY LEVEL || BREAKDOWN OR BREAKOUT ??These are two charts of BF Utilities – one on the daily timeframe and the other on the weekly timeframe. In the first chart : BF Utilities is sustaining near its Law of Polarity (LOP), which is acting as a resistance zone around the 880–890 range. In the second chart : BF Utilities is forming a Rising Wedge pattern, with the resistance also lying in the 870–880 zone. If this level is sustain ,then we may see lower price in BF Utilities.If this level is broken, the stock may move towards the upper boundary of the channel. Thank you !!
NSE:BFUTILITIE
by FiveCircles
HINDUSTAN ZINC LTD at Best Support !!There are two charts of Hindustan Zinc — one on the 4-hour time frame, and the second on weekly time frame. Chart 1 (4-Hour Timeframe): The stock is moving in a Higher High, Higher Low (HH-HL) structure, indicating a bullish trend. Support zone is observed near the 400–410 range. Chart 2 (Weekly Timeframe): On the weekly chart: the stock is approaching a major support zone in the range of ₹375 – ₹390, which has historically held strong. If this level is sustain then we may see higher prices in HINDZINC. Thank You !!
BSE:HINDZINCLong
by FiveCircles
NZD/JPY: Bearish Wedge Before RBNZ CatalystThis is a high-conviction trade idea for NZD/JPY , where a perfect storm of technical and fundamental factors is aligning for a significant short opportunity. The setup is clean, the reasoning is strong, and we have a clear catalyst on the horizon. 🚀 Fundamental Analysis 🌪️ The macro picture is the primary driver here, creating a powerful bearish case. 1️⃣ Monetary Policy Divergence (🇳🇿 vs 🇯🇵): This is the core engine of the trade. The Reserve Bank of New Zealand (RBNZ) is dovish, signaling rate cuts amid a fragile domestic economy. In stark contrast, the Bank of Japan (BoJ) is hawkish, having started a historic policy normalization to combat persistent inflation. This fundamental clash is strongly bearish for NZD/JPY. 2️⃣ Risk-Off Catalyst (🇺🇸): The market is nervous ahead of the July 9th US tariff deadline . This uncertainty is creating a classic "risk-off" environment, which typically strengthens the safe-haven JPY and weakens risk-sensitive currencies like the NZD. 3️⃣ The RBNZ Decision (🏦): The main event on July 9. The market expects a "dovish hold," meaning even if rates are unchanged, the forward guidance will likely be very cautious, highlighting economic risks and signaling future cuts. This is the catalyst that could trigger the sell-off. Technical Analysis 📉 The 4H chart provides crystal-clear confirmation of the fundamental weakness. 1️⃣ Bearish Rising Wedge: Price is being squeezed into a classic bearish reversal pattern. This shows that buying pressure is exhausted, and the market is preparing for a move to the downside. 2️⃣ Key Resistance Zone: The wedge is pushing directly into a heavy supply zone between 87.80 and 88.00 . This area has acted as a firm brick wall 🧱, rejecting multiple attempts to move higher. 3️⃣ RSI Momentum: The RSI below the chart confirms the weakening momentum. It's failing to show strong bullish power, which supports the price action and signals that the uptrend is running out of steam. 💨 The Trade Plan 🎯 Based on this analysis, the plan is to enter with a limit order to get an optimal entry price on a potential final spike into resistance. Direction: Short (Sell) 📉 Order Type: Limit Sell Entry: 87.80 📍 Stop Loss: 88.40 🛡️ Take Profit: 86.00 💰 Risk/Reward Ratio: 1:3 ⭐⭐⭐ This setup presents a rare confluence of fundamental divergence, technical weakness, and a clear catalyst. Trade safe and manage your risk.
Short
by MaxellAguiran
BTC Dominance – History Repeating? Altseason 2025 Loading? Hey Traders! If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! This chart is SCREAMING for attention 👀 We’re at a critical inflection point on the weekly BTC Dominance chart — and if history has taught us anything, it’s that altseasons are born when dominance collapses from resistance. 🧠 Key Observations: 🔺 Macro Resistance Trendline: Rejected in 2017 → Altseason 🔥 Rejected in 2021 → Altseason 🔥 Now (2025?) — BTC.D is again touching this same red trendline... 🟢 Support Trendline: BTC.D formed a clean long-term support from which previous dominance drops have bounced — currently lining up around 42–45%. 📉 Previous drops after rejection: 2017: –50.79% 2021: –45.10% 2025 projection? –36.91% (which would bring us to the same support zone again) 🟡 What It Means: If BTC.D gets rejected from this resistance again, it could mark the start of the long-awaited Altseason 2025. A breakdown from this wedge would likely result in capital rotation from BTC into altcoins — just like in previous cycles. 🔍 What to Watch: A confirmed rejection from this red resistance line Drop below the yellow wedge support BTC sideways / ETHBTC strength = green light for ALTS 💥 This could be the altcoin opportunity of the next couple of years. Conclusion: All eyes on BTC Dominance — because when it falls, altcoins usually FLY. 📊 Stay updated, stay ready.
CRYPTOCAP:BTC.DShort
by CoreCrypto1
39
AUD/JPY# AUD/JPY: Two High-Probability Bearish Setups 🎯 ## Overview AUD/JPY continues to respect its macro downtrend structure, offering two compelling bearish opportunities as price approaches critical resistance levels. Currently trading at 94.398, the pair sits at an inflection point between key support and resistance zones. --- ## 📊 Setup 1: Resistance Zone Rejection (Primary) ### Key Level: 95.289 (Major Resistance) This level has proven its significance multiple times: - ✅ Strong resistance throughout recent months - ✅ Clear seller dominance at this zone - ✅ Confluence with descending channel structure ### Entry Strategy: 1. **Wait** for price to approach 95.289 2. **Identify** bearish rejection patterns: - Pin bars / Shooting stars - Bearish engulfing candles - Multiple wick rejections 3. **Enter** short on confirmed rejection 4. **Stop Loss**: 95.50-95.60 (above resistance) 5. **Targets**: - TP1: 93.240 (1:2 RR) - TP2: 92.271 (1:3.5 RR) --- ## 📊 Setup 2: Rising Wedge Breakdown (Secondary) ### Pattern Recognition: A textbook rising wedge has formed since the May lows - a bearish reversal pattern within the larger downtrend context. ### Entry Strategy: 1. **Monitor** the lower wedge trendline 2. **Wait** for decisive breakdown with volume 3. **Enter** short on retest of broken support 4. **Stop Loss**: Above recent swing high 5. **Target**: 93.240 support zone --- ## 📈 Market Structure Analysis ### Macro Trend: BEARISH 📉 - Consistent lower highs and lower lows from 102+ levels - Currently in corrective bounce phase - Respecting descending channel boundaries ### Current Position: Price trapped between: - **Resistance**: 95.289 - **Support**: 93.240 - **Deep Support**: 92.271 --- ## ⚠️ Risk Management **Patience is key!** Current price offers poor risk/reward. Wait for: 1. **Scenario A**: Test of 95.289 resistance → Short opportunity 2. **Scenario B**: Break below wedge support → Short opportunity 3. **Scenario C**: Break above 95.289 → Invalidation, stay flat ### Position Sizing: - Risk per trade: 1-2% of account - Adjust position size based on stop distance --- ## 🎯 Trade Summary **Bias**: BEARISH 🐻 **Preferred Setup**: Resistance rejection at 95.289 **Risk/Reward**: Minimum 1:2 **Timeframe**: Daily --- *Remember: The best trades come to those who wait. Let price come to your levels, don't chase!* **What's your view? Drop a comment below! 👇** *Disclaimer: This is not financial advice. Always do your own research and manage risk appropriately.* ---
Short
by ThulaniMtetwa
NZDJPY Technical + Fundamental Short Alignment = Short SetupToday, I want to review the NZDJPY ( OANDA:NZDJPY ) pair short position from a fundamental and technical perspective . It seems to be in a good zone for a short position. Do you agree with me? ---------------------------------------- First, let's look at the fundamentals of NZDJPY. New Zealand (RBNZ): The Reserve Bank of New Zealand cut the OCR by 25bps in May and hinted at further easing if inflation continues to cool. Recent CPI data has shown clear disinflation trends, increasing the likelihood of more rate cuts in the second half of 2025. Consumer confidence is also declining, and retail sales have been weaker than expected. Japan (BoJ): The Bank of Japan is under growing pressure to tighten monetary policy. Inflation remains above 2%, and market expectations for a rate hike later this year are building. Any shift from ultra-loose policy supports JPY strength, especially against weaker yielders like NZD. Macro Summary: Diverging monetary policies: RBNZ easing, BoJ possibly tightening. NZD weakened by soft data, JPY strengthened by policy expectations. Risk sentiment is currently neutral-to-negative, favoring safe-haven JPY. Conclusion: Short NZDJPY is fundamentally justified. The pair aligns with macro forces: NZD is pressured by rate cuts and weak growth, while JPY is poised to strengthen with upcoming policy shifts. ---------------------------------------- Now let's take a look at the NZDJPY chart on the 4-hour time frame . NZDJPY is currently trading near the Potential Reversal Zone(PRZ) . In terms of classic technical analysis , it appears that NZDJPY has successfully formed a Rising Wedge Pattern . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. Based on the above explanation , I expect NZDJPY to drop to at least 87.159 JPY if the lower line of the Rising Wedge Pattern and the Support zone(86.50 JPY-87.00 JPY) are broken, the second target could be 86.043 JPY . Note: Stop Loss(SL): 88.378 JPY Please respect each other's ideas and express them politely if you agree or disagree. New Zealand Dollar/ Japanese Yen Analyze (NZDJPY), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
Gold Correction = Bearish Divergence + Wedge + Zigzag CompleteGold ( OANDA:XAUUSD ) attacked the Resistance zone($3,387-$3,357) today after the release of the US CPI indices . Although the figures seemed to be in gold's favor, traders still seem to be determined to continue the price correction. In terms of Elliott Wave theory , it seems that Gold has managed to complete the Zigzag Correction. We should wait for the next 5 down waves . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . In terms of Classic Technical Analysis , Gold appears to have successfully formed a Rising Wedge Pattern . I expect Gold to drop to at least $3,296 AFTER breaking the lower line of the Rising Wedge Pattern . Note: Stop Loss(SL)= $3,380 Gold Analyze ( XAUUSD ), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
32
AUDCHF → Hunting for liquidity. Fall from resistanceFX:AUDCHF is emerging from local consolidation and entering a distribution phase. Potentially, against the backdrop of a downtrend, the market may be interested in the liquidity zone at 0.5356 Globally, we have a strong downtrend and a countertrend correction that is facing pressure in the 0.545 zone. The decline is resuming, but at some point the market formed an EQH liquidity pool at 0.5356, which is most likely acting as a magnet pulling the price towards it... Based on the technical situation, we can conclude that if the price continues to form a distribution towards the target, the market is quite capable of stopping the price and returning to the downtrend phase. Resistance levels: 0.535, 0.5356 Support levels: 0.5327, 0.5314 Thus, a breakout of the resistance level of 0.5356 without the possibility of continuing growth and a return of the price below the resistance level with subsequent price consolidation in the sales zone (below 0.5356) may trigger a resumption of the downward trend. Best regards, R. Lind
Short
by RLinda
EURUSD Forms Rising Wedge + Evening Star_ Bearish SetupAs I expected in the previous idea , the EURUSD ( FX:EURUSD ) started to rise after breaking the upper line of the descending channel and hit the Long Position target with Risk-To-Reward: 1.46 . The EURUSD is trading near the Resistance zone($1.149-$1.142) . From a Classic Technical perspective, EURUSD appears to be completing a Rising Wedge Reversal Pattern . Also, a good sign for a EURUSD reversal is the formation of an Evening Star Candlestick Pattern near the upper line of the rising wedge pattern. Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . In terms of Elliott Wave theory , I think the EURUSD corrective waves are NOT over yet, and it seems that EURUSD has completed the main wave X inside the rising wedge pattern. I expect EURUSD to decline to at least $1.126 AFTER breaking the lower line of the wedge pattern. Note: If EURUSD touches $1.14903 , we can expect more pump. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S. Dollar Analyze (EURUSD), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
7
Flying into the sun or about to get burnt?Market is about to reach all-time highs again. Many trade deals must have been made. Interest rates must have been cut. Wars must have been resolved. Personal debt must have come under control. Corporate debt must have been resolved. Wait, nothing has changed? Things are worse? Well why is the index about to hit new all-time highs? My take is a major fake out. We are about to set a double top as we complete a rising wedge pattern. The rising wedge. What began at the market bottom on 7 April, has remained bound in a channel. If the first pump up was an A followed by the declaration of the channel bottom as B, wave C has last over a month upward. We have wave 3 signals identifying wave 3 of C ending with the high on 19 May. Last week's dip was wave 4 and now we fly high this week. It is unclear if we actually make a new all-time high or fall just short. The below chart has 138.197% extension around 610.63. Inside wave C, my wave 1 was nine days long, and wave 3 was only 8. This points to wave 5 lasting less than 8 days. A common wave 1-3-5 duration in relation to wave 3 is around 114% for 1 and 50% for wave 5. The height of the rising wedge covers 66.82 points. This same distance should provide the first target bottom once we exit the channel, possibly as early as next week. Once the bottom falls, we then examine the double top pattern. Although the neckline stretches far backwards, the bottom is established at the 7 April low. The distance from the neckline to the all-time high in February provides the next possible minimum target bottom by taking this 131.43 drop and subtracting it from the neckline of 481.80. This puts the initial low around 350.37 sometime later this year or early next. There is a perfect storm of calamity brewing with zero resolutions in place or even planned. Do we finally drop or keep rising into the sun?
AMEX:SPYShort
by StockSignaler
1
EUR/USD - Is the uptrend about to end?The EUR/USD currency pair has demonstrated a consistent uptrend on the 4-hour chart for approximately two weeks. This sustained bullish momentum has captured the attention of traders and analysts alike, who are now questioning whether the pair can maintain its upward trajectory or if a retracement is imminent as it approaches significant resistance levels. Rising wedge A closer examination of the price action reveals that EUR/USD has been advancing within a rising wedge formation. This technical pattern is generally considered bearish, as it often precedes a reversal or a breakdown rather than a continued rally. Rising wedges are characterized by converging trendlines, with price making higher highs and higher lows at a diminishing rate, which typically signals waning bullish momentum and a potential for sellers to regain control. Strong resistance Recently, the pair encountered a notable resistance zone around the 1.141 level. Upon reaching this area, EUR/USD faced a rejection, resulting in a pullback from its recent highs. While there is a possibility that the pair could make another attempt to test this resistance, the initial rejection suggests that the upward move may be losing steam. As a result, the likelihood of a retracement has increased, especially given the bearish implications of the rising wedge pattern. Support/target zone If the pair does indeed correct lower, a logical target for a cooldown would be the green support zone near 1.127. This level has previously acted as a strong support area, and it could serve as a foundation for buyers to step in once more, potentially setting the stage for another move higher. Until the resistance at 1.141 is decisively broken, caution is warranted, and a period of consolidation or a pullback towards support appears increasingly probable. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
Short
by Youriverse
22
BTC DOMINANCE AT CRUCIAL LEVEL! When Alt season? 🚀 Hey Traders! 👋 If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥 Bitcoin dominance is once again hovering around the key resistance zone (~64%) that previously triggered a sharp rejection and boosted altcoins. 🚨 🟢 What we're watching: Dominance bounced back after a breakdown from the rising wedge 📉 It's now retesting the breakdown zone (red resistance) A rejection here = Altcoin Rally 🎯 A clean breakout above = Altcoins stay weak ⚠️ ⏳ We’re at a decision point. Altcoin bulls are watching this zone very closely. 🧠 Our take: Until BTC.D rejects from this level, don’t expect a full-blown Altseason. A strong red candle from here could open the floodgates for mid and low caps to run wild again. 🚀 📌 Stay patient, stay positioned. The move will be big—just a matter of “when.”
CRYPTOCAP:BTC.DShort
by CoreCrypto1
4
EUR/USD Breakdown Imminent – Rising Wedge at Major ResistanceOn the 1H chart, EUR/USD has developed a Rising Wedge pattern, a classical bearish reversal formation. The pair has been moving higher within a tightening structure, marked by converging trendlines—indicating weakening bullish momentum. What makes this pattern more compelling is that it’s occurring just below a well-defined Major Resistance Zone around 1.1380–1.1400, where previous attempts to break higher have failed. This area has historically acted as a strong supply zone, increasing the probability of a reversal. 🔍 Key Technical Components: Rising Wedge Pattern: The wedge reflects a temporary uptrend with weakening strength. Bullish candles are getting smaller, and volume appears to be fading (not shown here but typically expected in this setup). Black Mind Curve Support: A custom support curve illustrating the underlying parabolic trend. Once this is broken, it often leads to a steeper selloff. Change of Character (CHOCH): Around the 1.1260 level, there's a possible shift from bullish to bearish structure. If price breaks and closes below this level, it will likely confirm a momentum reversal. Target Projection: The measured move and previous structural support suggest a drop toward 1.11479, which coincides with a prior demand zone. This also aligns with a potential liquidity sweep beneath recent lows. 🔔 Price Action Signals to Watch: Bearish engulfing candles or strong rejections from the wedge’s upper boundary. Breakdown below the lower wedge line and the curved support. CHOCH confirmation – market structure shift from bullish to bearish around 1.1260. Retest of the wedge breakout level, followed by continuation to the downside. 📌 Trading Plan (Not Financial Advice): Entry: On break and retest of wedge support. Stop Loss: Above the wedge high or resistance (~1.1400). Target: 1.11479 for first take-profit level; partials can be taken at 1.1260 if needed. 📉 Bias: Short-Term Bearish – Only upon wedge breakdown and confirmation. 🧠 Minds Section (Expanded for Traders' Perspective) EUR/USD is approaching a critical technical juncture. We are seeing a textbook rising wedge formation into a major resistance zone, signaling exhaustion of bullish strength. While the pair has enjoyed upward momentum, price action is showing signs of slowing, and the structure is no longer sustainable. This pattern often traps late buyers before reversing. We are closely watching the lower wedge boundary and curved support—a breakdown here will likely trigger bearish momentum, especially with the CHOCH area near 1.1260 acting as a structure-defining level. If sellers gain control and the breakdown confirms, there’s high probability for a fall to 1.11479, targeting prior demand zones and potential liquidity pockets. Now is the time to be cautious if long, or begin planning short setups. Wait for confirmation—no need to rush the trade.
Short
by GoldMasterTrades
JPY/USD Rising Wedge Breakdown – Bearish Reversal in Play🔎 Technical Breakdown: 1. Rising Wedge Formation: The pair has been trading within a Rising Wedge, a bearish reversal pattern that forms when price makes higher highs and higher lows but with diminishing momentum. The wedge is visible from the swing low on May 13, where price began to climb aggressively but within increasingly narrow price action. This narrowing range signals weakening bullish strength. 2. Key Resistance Zone: The wedge forms right below a Major Resistance Zone marked earlier in the chart (around 0.007050), where price had previously faced heavy selling pressure. This adds confluence to the bearish bias, as the zone historically acted as a turning point. 3. SR Interchange Zone: Below the wedge lies a Support-turned-Resistance (SR) Interchange level, a critical price area where past support may now act as resistance if the price attempts to retrace. This is a commonly watched level by institutional and technical traders. 4. Breakdown Confirmation: The price has broken below the wedge's lower trendline, which is often considered the breakdown signal. A valid breakdown typically includes a close outside the wedge body followed by a retest or continuation. 5. Bearish Target: The projected move is toward 0.006796, derived by measuring the wedge height and applying it from the breakdown point. This level aligns with a historical support zone, adding more confluence to the target. 🧠 Psychological & Structural View: Bullish exhaustion: Buyers pushed price higher into resistance, but momentum slowed, signaling exhaustion. Trapped longs: Traders who entered late in the wedge may now be trapped, potentially accelerating a sell-off as they exit. Smart money behavior: Rising wedges near resistance often signal distribution by smart money before a drop. 🛠️ Trading Plan Suggestion (Not Financial Advice): Entry: After a clear wedge breakdown, consider short entries on a retest of the broken trendline or a bearish candle confirmation. SL: Above the wedge high or major resistance zone. TP: Staggered exits below 0.006850 and final target around 0.006796. 🔁 What to Watch For: Retest of the wedge breakdown (potential short entry zone) Momentum confirmation via volume or bearish candles Price reaction at SR Interchange and final support target 🧠 Minds Section – Condensed Summary JPY/USD formed a Rising Wedge below major resistance, signaling bullish exhaustion. Price has broken down from the wedge, confirming bearish momentum. A clean breakdown targets 0.006796, with SR interchange acting as a minor support. A retest of the wedge breakdown could offer a good short opportunity.
Short
by GoldMasterTrades
Gold (XAU/USD) Technical Analysis – Rising Wedge Breakdown & MMC🧠 2. Introduction to Mirror Market Concepts (MMC): MMC, or Mirror Market Concepts, is a powerful technique that views price action as symmetrical or repetitive in nature. In this scenario, we notice that the right side of the chart mirrors the left — suggesting that after this bullish climb, the market might repeat its earlier bearish behavior but in a reflected pattern. This adds confluence to our bearish outlook and makes the forecast more robust. 🔺 3. Rising Wedge Pattern – Bearish Reversal Signal: The most critical part of this analysis is the formation of a Rising Wedge — a classic reversal pattern. Let’s break down what it means: Structure: The wedge is formed by two upward-sloping trendlines converging at the top. Volume Behavior: Volume typically decreases as the wedge matures, showing that bulls are losing strength. Psychology: Buyers keep pushing the price higher, but each move has less momentum than the last. Sellers are quietly preparing for a breakdown. The moment price breaks below the wedge’s lower trendline, it usually triggers panic selling or aggressive short entries. 🔄 4. Key Price Levels & Zones: Minor Resistance Zone: Price rejected near a historical resistance area, showing sellers are still active. Previous Target Zone: This area acted as a ceiling before the rejection — important for reversal confirmation. SR Interchange Zone: A classic zone where support becomes resistance — this adds strong confluence to the reversal idea. 🎯 Bearish Trade Plan & Take-Profit Levels: Once the wedge breaks down, the projected move is based on measured moves and prior support levels. Here’s the breakdown: ✅ TP1 (Take Profit 1): 3,275.30 – This is the first key support level right after the wedge breakdown. Ideal for partial profits. ✅ TP2: 3,205.64 – Previous support zone from earlier consolidation. High probability target. ✅ TP3: 3,169.18 – A more extended target that aligns with historical price memory and full wedge depth. Each TP level is supported by historical price structure and previous volume clusters. ⚠️ Risk Factors & Trade Management: While this setup looks strong, always consider: False Breakouts : Wedges can fake out traders. Wait for candle close confirmation below the wedge. News Events : Macroeconomic announcements (especially U.S. dollar data) can reverse technical setups. Risk-to-Reward: Don’t enter without calculating your stop loss above the wedge and aiming for at least a 1:2 ratio. 🧠 Conclusion – What This Setup Tells Us: This chart is a perfect blend of price action + market symmetry (MMC). The rising wedge signals that bulls are running out of steam, while MMC suggests a mirrored decline could follow. If price action confirms the breakdown with momentum and volume, this could be a high-probability short setup for swing traders and intraday players alike.
OANDA:XAUUSDShort
by GoldMasterTrades
EUR/JPY Technical Breakdown: Rising Wedge Breakdown + Target🔺 1. Rising Wedge Pattern Explained A Rising Wedge is formed when: Price action creates higher highs and higher lows, but The slope of the support line is steeper than the resistance line. This signals that buyers are losing strength, and momentum is fading. In this chart: The wedge began forming around mid-February 2025. Price was compressing within converging trendlines. After multiple failed breakouts near resistance (~165.50), the pair finally broke below the lower trendline, confirming a bearish breakout. This pattern is considered reliable because it traps late buyers and shifts sentiment from bullish to bearish quickly once the lower boundary is breached. 🔻 2. Key Technical Zones 📌 Major Resistance Zone (~165.00 – 166.00) Strong supply area; price has rejected here multiple times since late 2023. Resistance was confirmed again during the wedge formation. High volume spike noted near this level, followed by a steep drop—evidence of distribution and smart money exiting long positions. 📌 Major Support Zone (~156.00 – 157.00) Historically held as a demand zone. Previous bounces suggest it is structurally significant. However, repeated tests can weaken the zone, increasing the likelihood of a breakdown. 🎯 Target Price: 153.433 Measured by taking the height of the wedge and projecting it from the breakout point. Coincides with a previously tested level (support turned target). Bears could aim for this level as a swing target. 📉 3. Market Psychology Behind the Pattern As price climbs inside a rising wedge, volume often declines, showing buyer exhaustion. False breakouts near the top of the wedge trap breakout traders, adding fuel to the downside move once price breaks the lower boundary. The sharp selloff post-breakout is often driven by stop-loss cascades and aggressive short positioning. 🔁 4. Potential Price Path & Trade Plan Retest in Progress: Price may retest the broken wedge support (now resistance) near 163.00–164.00 before further decline. This retest zone offers a high-probability short entry opportunity with tight risk management. Immediate Downside Levels: 160.00 (psychological level), 157.00 (support zone), and final target at 153.43. Bearish Continuation Scenario: If the pair maintains below the wedge and forms lower highs, it confirms ongoing bearish sentiment. 🛑 5. Risk Factors to Monitor ECB or BOJ monetary policy shifts (rate cuts/hikes, yield curve control updates). Risk-on vs risk-off flows, especially in times of geopolitical or macroeconomic shocks. Intervention by the Bank of Japan to protect JPY from excessive weakening. ✅ Conclusion: A Tactical Short Opportunity The EUR/JPY chart is setting up for a potential medium-term short swing trade following a confirmed rising wedge breakdown. With clear rejection from a long-standing resistance zone and fading bullish momentum, the technicals align for a move toward 153.43 over the coming weeks. Traders should watch for clean retests and structure-based entries, managing risk around 164.50 with profit-taking at key support zones along the path.
Short
by GoldMasterTrades
EUR/USD Rising Wedge Breakdown – Bearish Opportunity in Sight🔍 Technical Breakdown 🟦 1. Rising Wedge Pattern (Bearish) The price has been moving within a tightening upward channel — forming higher highs and higher lows, but with decreasing momentum. This is a typical Rising Wedge, a pattern that signals exhaustion in an uptrend and typically resolves to the downside. The pattern formed over several days. Volume has been declining as the price pushed higher — a classic sign of weakening trend strength. 🚨 2. Major Resistance Zone The wedge culminated near a major historical resistance zone (around 1.1400), which price failed to break multiple times — showing strong seller presence. This adds confluence to the bearish breakdown. 📉 3. Breakdown & Retest Price broke below the lower wedge trendline, confirming the bearish reversal. After the breakdown, the pair appears to be retesting the previous support line — now acting as new resistance. This retest is crucial — a successful rejection here typically confirms the breakdown and provides an ideal entry point for short positions. ⚡ Volume Clues Note the "Volume Burst" earlier in the chart, followed by a sharp move up. But that rally was unsustainable — buyers couldn’t hold above resistance, and volume has since faded. This volume exhaustion is further evidence that bullish momentum is weakening. 🔄 Key Support Zones Below Around 1.1200: A strong SR flip zone (support-turned-resistance), which could act as temporary support. Final Bearish Target: Around 1.1070, a strong demand zone where price previously consolidated before the last bullish run. This is the measured move target from the wedge height applied to the breakdown point. 🧠 Why This Matters (Trader Insight) This setup combines: A reliable bearish pattern (rising wedge) Key horizontal resistance A volume drop A clean retest structure That makes it a high-confluence short trade idea. These patterns don't always play out immediately, but when they do, they often drop hard. 📌 Trade Setup Summary Bias: Bearish Pattern : Rising Wedge (broken) Current Action: Retesting the broken wedge Entry Zone: 1.135–1.138 (retest confirmation) First Target: 1.1200 (SR Flip) Final Target: 1.1070 (Demand Zone) Invalidation: Break and hold above 1.1410
Short
by GoldMasterTrades
1