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GOLD → Consolidation or continuation of the fall. 3013 triggerFX:XAUUSD is going through the strongest liquidation phase. The fall is triggered by profit-taking amid last week's strong news. Additional pressure is created by the strong NFP report released on Friday. The economic risk situation is bifurcating.... Gold prices rebounded after falling in the Asian session, consolidating the drop triggered by the intensifying trade war between the US and China. Donald Trump's comments about rejecting deals with China have heightened recession fears, raising the likelihood of a Fed rate cut. Against this backdrop, there was increased interest in gold as a protective asset, despite the rise in the dollar and bond yields. However, further strengthening of gold is questionable due to profit taking and lack of new economic data from the US. Technically, the price is consolidating under pressure against the support at 3017-3013. A descending triangle is forming on the local timeframe. Resistance levels: 3033, 3057 Support levels: 3017, 3013, 2981 Based on the current situation and strong pressure on the market, we can expect two situations to develop: 1) breakdown of support 3017 - 3013, if the structure of the descending triangle on the local timeframe will be preserved. The target will be the support of 3000, 2981. 2) Or, the price will close inside the range with the target of consolidation between 3057 - 3033 - 3013 (consolidation of forces after a strong fall and liquidation) Regards RLinda!
FX:XAUUSDShort
by RLinda
10
USDT DOMINANCE - Told You, Didn't I? USDT Dominance & Bitcoin Market Analysis As I mentioned earlier, when USDT dominance moves to sweep its previous high, Bitcoin automatically drops while USDT dominance rises. That’s exactly what happened, and once again, our prediction turned out to be accurate. However, there’s nothing extraordinary about this—we simply present our analysis. Sometimes, we are right; other times, we may be wrong. Nothing in the market is 100% certain. Now, as we can see, USDT dominance has swept its previous high and tapped into a strong weekly resistance zone. This suggests that we might see a reversal in USDT dominance from here, which could lead to Bitcoin reaching a new all-time high and beginning a fresh uptrend. For those seeking additional confirmation, it would be wise to wait for the lower trendline on the daily timeframe to break before making any major decisions. As I previously stated, the sweep of the previous high was expected, and it has now happened. This was likely our Scenario #1. As time progresses, I will continue to provide updates. If you need an analysis of any specific coin or market trend, feel free to request it in the comment section. Thank you!
CRYPTOCAP:USDT.DShort
by Traderscorpion
1
SPXUSDT manipulated rise before the fallThe market is pulling back after a strong drop in the Asian session. At the moment, while bitcoin is showing -2%, BINANCE:SPXUSDT.P is accelerating by 15% in the hunt for liquidity. Possible entry into liquidity zone and false resistance breakout False resistance breakout 1) 0.5473 2) 0.6689 Market is bearish, no hint of growth A pullback is forming with the aim of accumulation or liquidity before continuing the fall The fall may continue after the bitcoin correction is over
Short
by AndeWave
3
BTC/USD Forming Bullish Falling Wedge – Potential Target📐 2. Technical Pattern – Falling Wedge A falling wedge forms when the price consolidates between two converging downward-sloping trendlines. It suggests diminishing selling pressure and a likely reversal. Key Characteristics in This Chart: Upper Resistance Trendline: Formed by connecting the series of lower highs. Lower Support Trendline: Formed by connecting the lower lows. The price respects both boundaries, confirming wedge structure. Volume generally decreases during the wedge (implied but not shown). ✅ Bullish Implication: Once price breaks above the upper resistance, it often triggers a sharp upward move due to the squeeze of supply and the build-up of demand. 🧱 3. Support and Resistance Zones 🔻 Resistance Zone: Area: ~100,000 to ~108,000 USD Marked as a wide horizontal band (beige-shaded area). Previous price peaks and consolidations suggest this zone is strong supply. Breakout above this zone could trigger momentum towards the higher target. 🔹 Support Zone: Area: ~72,000 to ~75,000 USD Historical reaction level where buyers previously stepped in. Coincides with the lower wedge boundary and recent bounce points. Repeated tests strengthen this as a reliable accumulation zone. 🎯 4. Trade Setup Strategy 💼 Entry Strategy: Trigger: A confirmed breakout above the wedge’s upper trendline (black diagonal line). Confirmation: A strong bullish daily close above the trendline, ideally with volume spike. The current price (~77,130) is near the lower boundary—offering a potential early entry or low-risk setup with a tight stop. 📌 Stop-Loss Placement: Level: 70,916 USD Below the wedge’s lower support and beneath the broader support zone. Ensures exit if the pattern fails or bears regain control. 🧭 Target Projection: Target Price: 114,562 USD Based on the height of the wedge projected from the breakout point, a standard wedge breakout measurement. Aligns with historical highs and psychological resistance. 🧮 Risk-Reward Ratio: Assuming entry around 77,130: Risk (Stop-Loss): ~6,200 points Reward (Target): ~37,432 points R:R Ratio ≈ 1:6 – Highly favorable ⚙️ 5. Market Psychology & Price Action Insight The falling wedge pattern suggests exhaustion of sellers. Buyers are defending the support zone aggressively—creating higher lows within the wedge. Each bounce is slightly more aggressive, indicating growing bullish sentiment. A breakout from the wedge could act as a catalyst for rapid price acceleration as sidelined bulls enter and shorts cover. 📊 6. Summary of the Setup Component Detail Pattern Falling Wedge (Bullish) Timeframe 1-Day Chart Entry Point Breakout above upper trendline Stop Loss 70,916 USD Target 114,562 USD Support Zone 72,000–75,000 USD Resistance Zone 100,000–108,000 USD Risk/Reward Approx. 1:6 Bias Bullish 📌 Final Thoughts This setup provides a technically sound opportunity with clear invalidation (stop loss) and a well-defined profit target. The risk-to-reward ratio is attractive, and the price structure suggests a bullish reversal is likely, pending a confirmed breakout.
BITSTAMP:BTCUSDLong
by GoldMasterTrades
XAUUSD Analysis Falling Wedge breakout Setup to Target🔍 1. Market Context & Structure Gold has recently experienced a sharp decline, as evident from the aggressive bearish candles leading into the consolidation phase. Following this downward momentum, the market began to consolidate, forming a Falling Wedge pattern—a bullish reversal structure that often signals an impending upside breakout, especially after a strong bearish trend. 📉 2. Falling Wedge Pattern The wedge is formed by two downward-sloping trendlines that converge, containing price within lower highs and lower lows. Notice how price is respecting both boundaries, confirming the validity of the pattern. The pattern also features a series of higher lows, showing a loss of bearish momentum. 🟩 3. Support and Resistance Levels Resistance Zone: Around $3,035 to $3,045 — This level previously acted as a strong supply zone where price was rejected multiple times. Support Zone: Around $2,972 to $2,985 — Clearly marked area where buyers stepped in strongly during the sharp pullback. These levels are critical to observe for any breakout or breakdown confirmation. 📊 4. Trade Plan Based on the Chart ✅ Bullish Bias: Given the falling wedge setup and slowing bearish pressure, the trade idea favors a breakout to the upside. 🔵 Entry Point: A confirmed breakout above the wedge’s upper boundary (around $3,030–$3,035), ideally on strong bullish volume. 🎯 Target: The first take profit level is marked at $3,078.438, aligning with a prior resistance and measured move projection from the wedge’s height. 🔴 Stop Loss: Positioned just below the most recent swing low and wedge boundary at $3,013.707, offering protection if the breakout fails. 🧠 5. Why This Setup Matters Wedge patterns are high-probability when they form after a sharp move, as seen here. Volume confirmation on the breakout would solidify this as a reliable opportunity. Risk-to-reward ratio appears favorable, with a tight stop and a higher projected upside. 🧭 Conclusion This is a textbook falling wedge breakout scenario. The consolidation after a bearish leg, narrowing price action, and repeated support reactions indicate that bulls are gearing up. If Gold breaks above the wedge with momentum, there’s potential to ride the move toward $3,078. Always wait for confirmation and manage your risk accordingly.
OANDA:XAUUSDLong
by GoldMasterTrades
USD Bear is here: Important Analysis on FX Pairs, Stock MarketIn this video I got over some important outlooks on the EUR/USD, GBP/USD and USD/JPY along with outlook on the stock market. The U.S. Dollar has been getting absolutely crushed along with the stock market which usually has the opposite effect. Considering we may be into a stagflation scenario, this is not surprising. Tariffs have spiked volatility and puts the Federal Reserve in a very tight spot of Interest Rate Policy. Interesting times ahead to say the least. From a pure technical analysis point of view, the USD may be set for much further losses as monthly patterns suggest a big move may be on the horizon. Will be keeping a very close eye on these as we move forward in these stormy waters of the U.S. economy. As always, Good Luck & Trade Safe.
by InternalTraderNYC
2
BITCOIN → The price is consolidating, but there is a BUT!BINANCE:BTCUSDT is forming a consolidation after a false breakout of trend resistance. Against the backdrop of the global market crash (stock market, futures, forex) bitcoin looks quite strong, but I wouldn't get excited ahead of time Bitcoin is trading inside a downtrend and also inside a range (global 81200 - 88800 and local 81200 - 85600). As long as the price is inside the local range and below trend resistance it is worth considering selling. There have been periods in history when the price seemed strong in the moment, but then, bitcoin caught up with the fall of indices... The fundamental background for bitcoin is unstable: First of all, the price has hardly reacted in any way to the introduction of tariffs, backlash and economic data. The Fed is not giving a clear signal, the market is in uncertainty. Any info noise ( China, Fed rhetoric, company reports ) can cause shake-ups. But at the same time, the same old problems remain: the crypto community is not getting any support. Bitcoin's dominance is growing against the backdrop of its decline. Altcoins continue to storm the bottom. Technically , the situation is weak, the price cannot update local highs and consolidate above any strong support. It is possible to retest the trend resistance, or the zone of interest 85590 before the reversal and fall. Or, emphasis on the trigger 81187. A breakdown will provoke an impulse. Resistance levels: trend, 85585, 88840. Support levels: 81187, 78170, 73500 Buying in the medium term can be considered either after reaching the main target - 73-66K, or after the exit from the descending channel and price fixation above 88840. Now the emphasis is on a possible fall either from the resistance 85580, or when the support 81180 is broken Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
62
Bitcoin Holding PRZ Support Lines – Is a Weekend Rebound Coming?First of all, I would like to say that the Trading Volume is generally low on Saturdays and Sundays , so I don't expect the Support Lines and Potential Reversal Zone(PRZ) [$82,340-$82,000 ] to break. Of course, we should always be prepared for any scenario. Bitcoin ( BINANCE:BTCUSDT ) is moving near the Support lines and PRZ , and with the help of the Failed Falling Wedge Pattern , Bitcoin has declined in the last few hours . Educational Note : In technical analysis, if a Reversal Pattern fails , it often acts as a Continuation Pattern instead . I expect Bitcoin to trend upward in the coming hours and be able to reach the targets I have outlined on the chart. Note: If Bitcoin touches $81,900, we should most likely expect more dumping. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 15-minute 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.
Long
by pejman_zwin
45
EUR/JPY Falling Wedge Breakout | Bullish Potential Ahead🔍 Chart Overview: EUR/JPY – Daily Timeframe This chart illustrates the price action of the Euro against the Japanese Yen and highlights a Falling Wedge Pattern developing over several months. This is a classic bullish continuation/reversal setup, supported by key technical levels. 📐 1. Chart Pattern: Falling Wedge A falling wedge is a bullish chart pattern that occurs when the market consolidates between two downward-sloping trendlines. Characteristics Seen in the Chart: Converging Trendlines: The upper (resistance) and lower (support) boundaries are both sloping downward, indicating a narrowing price range. Volume (not shown) usually decreases during the formation, followed by a surge on breakout. Multiple Touch Points: The price action respects both boundaries multiple times, confirming the pattern's validity. 🏛️ 2. Key Levels ✅ Support Level (Demand Zone): Marked around 156.000 – 158.000 Multiple bounces from this area, indicating strong buying interest. Aligned with the lower wedge trendline and historical price reaction zones. 🚫 Resistance Level (Supply Zone / Breakout Zone): Around 164.500 – 166.000 Price repeatedly failed to break this level, confirming it as a strong supply area. Confluence of horizontal resistance and the upper wedge boundary. 📊 3. Trade Setup 💼 Entry Strategy: Confirmation Buy: Enter a long position upon a daily candle close above the wedge resistance (around 166.000). Aggressive traders may consider an earlier entry near the wedge’s support with a tight stop. 🎯 Target: The projected target is 172.962, calculated based on the height of the wedge pattern added to the breakout point. This aligns with a previous swing high area, serving as a logical profit-taking zone. 🛑 Stop Loss: Positioned at 155.576, just below the key support zone. This allows the trade room to breathe while protecting against a full pattern failure. ⚖️ 4. Risk Management Risk-to-Reward Ratio (RRR): Target around 172.962 and Stop Loss at 155.576 offer a favorable RRR of approximately 2.5:1 or more, depending on entry. Position Sizing: Use appropriate lot size based on your account risk tolerance (e.g., 1-2% of equity per trade). 📅 5. Timeframe Outlook Medium to Long-Term Setup: Since this is a daily chart, the trade may take weeks to months to fully play out. Patience and proper trade management are essential. 🔎 6. Additional Notes Retest Opportunity: If price breaks out, look for a retest of the resistance zone as new support before continuation to the upside. Fundamental Factors: Keep an eye on EUR and JPY economic data, ECB and BoJ policy announcements, and global risk sentiment, which can influence the pair. 🧭 Professional Takeaway This is a textbook bullish falling wedge pattern within a well-defined technical structure. The chart provides: A clear pattern breakout level, Strong historical support/resistance zones, A defined risk management plan, And a realistic price target based on technical projection. If you are a swing trader or position trader, this setup offers a high-probability opportunity with favorable risk-reward dynamics—provided a breakout is confirmed.
Long
by GoldMasterTrades
JPY/USD Daily Chart – Falling Wedge Breakout & Bullish Target🔍 Full Technical Analysis of JPY/USD (Daily Timeframe) 🧭 Overview The chart shows a sophisticated price structure unfolding over several months. A falling wedge reversal pattern formed during a sustained downtrend, which later transitioned into a bullish breakout and continuation. This analysis provides insights into market behavior, price psychology, and a high-probability trading opportunity supported by classical technical analysis principles. 🔶 1. Market Context & Structure Before diving into the pattern, it’s essential to understand the macro structure of the chart: The pair experienced a strong bearish move from around August to December 2024, marked by lower highs and lower lows. During this decline, volatility gradually decreased, which often indicates seller exhaustion. A reversal zone emerged near a major support region — historically significant and previously tested. 🔷 2. The Falling Wedge Pattern (Reversal Signal) A falling wedge is a bullish reversal pattern that forms when price is in a downtrend but begins to consolidate within converging trendlines. This pattern typically signals that the downtrend is losing momentum and a breakout to the upside is imminent. 📌 Characteristics of This Wedge: Downward Convergence: The highs and lows begin to narrow over time, indicating reduced selling pressure. Volume Decline (Implied): Though not displayed, falling wedges usually see volume dry up before breakout. Duration: This wedge developed over several months (October 2024 – January 2025), lending strength to the pattern. False Break Attempts: Several lower spikes failed to break the support, showing buying interest building. ✅ Bullish Breakout: The breakout occurred decisively in late January 2025, with a large bullish candlestick closing above the upper wedge boundary — a confirmed breakout. Post-breakout, the price rallied strongly, indicating that buyers were firmly in control. 🔷 3. Support & Resistance Zones 🔽 Support Zone (Demand Area): Range: 0.006300 – 0.006400 Historical pivot zone where price previously reversed, now serving as a demand base. The lower wick rejections near this zone reinforce it as a high liquidity zone for buyers. 🔼 Resistance Zone (Supply Area): Range: 0.006850 – 0.006950 This area capped price during several prior rally attempts, making it a key breakout point. Once price broke above this zone, it became a support flip zone, indicating trend reversal confirmation. 🎯 Target Level: Marked at 0.007126, derived from a measured move: Measure the height of the wedge at its widest point. Project this vertically from the breakout level. This target aligns with psychological round numbers and prior resistance, adding confluence. 🔶 4. Post-Breakout Price Action: Bullish Retest A breakout is only the first part of a trade; the retest phase confirms the move and offers an optimal entry. 🔁 Retest Details: After reaching the resistance zone, price pulled back, testing both: The broken wedge trendline (now acting as dynamic support). The horizontal structure support zone near 0.006650–0.006700. A bullish engulfing candle or similar reversal pattern formed at this level — a classic retest entry. 📌 Trendline Respect: A rising dotted trendline was drawn from the breakout low through higher lows. This line acted as price memory and was respected multiple times, reinforcing the uptrend. 🔷 5. Trade Setup Breakdown This is a swing trade setup based on pattern breakout, structural confluence, and trend continuation. Here's how it’s structured: Component Details Pattern Falling Wedge (Reversal) Trade Bias Long (Buy) Entry Price ~0.006700 Stop Loss 0.006614 (below trendline) Target Price 0.007126 (measured wedge move) R/R Ratio Approx. 3:1 Timeframe Daily (Medium-term swing) 🧠 6. Market Psychology & Behavior Understanding the sentiment behind the candles is critical: ❗ Before the Breakout: Sellers dominated but with weakening momentum. Each push down was met with buying strength, seen in long wicks and smaller-bodied candles. ✅ At the Breakout: Buyers overwhelmed sellers, often with a volume spike and wide-bodied green candle. This is usually driven by institutional positioning and stop-loss triggering from short-sellers. 🔁 During the Retest: Some retail traders exited prematurely, fearing a fakeout. Smart money used the dip to accumulate positions, confirmed by the bounce from trendline. 🔼 Continuation Rally: Strong continuation candle signals momentum traders entering. Break above resistance signals a shift in sentiment and structure. 🛠️ 7. Strategy Notes & Professional Tips 📌 Risk Management: Never risk more than 1–2% of capital. Use dynamic trailing stop if price breaks above target zone. 📌 Trade Confirmation Ideas: Look for volume spikes on breakout candles. Use RSI or MACD divergence to confirm reversal (optional). Look for candlestick patterns (engulfing, pin bar) on retests. 📌 Exit Plan: Partial exit at key resistance. Full exit at projected target or if price forms reversal signs (e.g., doji at resistance). ✅ Final Summary This JPY/USD chart demonstrates an exemplary price action-based trading setup rooted in: A well-formed falling wedge (bullish reversal). Clean breakout + retest + continuation structure. Multiple confluence factors: trendline, horizontal S/R, pattern projection. Professional-grade risk/reward profile with a logical entry, stop, and target. This kind of setup is highly favored among swing traders, price action purists, and institutional-level strategists due to its clarity and predictability.
Long
by GoldMasterTrades
Gold may break support level and continue to decline nextHello traders, I want share with you my opinion about Gold. The price started to grow from the buyer zone between 2885–2905 points, forming a clean bullish impulse and entering a broadening wedge structure. During the uptrend, Gold made several rebounds from the support line and broke above the current support level at 3070, which later became a key point in the price structure. After reaching the resistance line of the wedge, the price turned around and began a downward correction. The decline brought it back into the support area between 3087–3070 points, but this zone has already failed to hold the momentum. Currently, XAU is trading below the upper boundary of the support area and showing clear signs of weakness. The breakout to the downside from the wedge structure has already taken place, and the price is starting to form a local pullback. I expect this pullback to be short-lived, followed by a continuation of the downward movement. My target for this move is the 2990 level, which aligns with the support line of the broadening wedge and serves as the next strong reaction zone. Given the failed rebound from resistance, the breakdown of the support area, and the structure of the broadening wedge, I remain bearish and expect Gold to continue declining toward TP 1 — 2990 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
9
Downside Risk Grows for NZD/USD After Structure FailThe NZD/USD pair has broken down from a well-defined rising wedge pattern, signaling a shift in short-to-medium term momentum. After trending within this rising structure for several weeks, price has now decisively violated the lower trendline, confirming a bearish breakout. The move coincides with a sharp rejection near the 200 EMA, which continues to act as dynamic resistance overhead. Price is now hovering around a key support zone between 0.555 and 0.558 — a level that has historically served as a pivot point. The breakdown is also supported by a clear bearish RSI divergence, where price made higher highs while RSI formed lower highs, indicating weakening momentum. Currently, the RSI sits at around 32.47, approaching oversold territory but not yet showing signs of bullish reversal. If the current support zone fails to hold, we could see further downside pressure, potentially driving the pair toward the next major support region near 0.548–0.540. On the other hand, if buyers step in and absorb the sell-off at these levels, a relief bounce toward the broken trendline or the 200 EMA could be expected — though such a move may face strong resistance.
Short
by unichartz
$SPY #RisingWedge #BreakDOWN #ReTest #RecessionI highlighted the potential topping formation that could for especially if we see a rejection around 598-601 on XMas EVE via #XMasAlert. This morning I am seeing signs of momentum wearing off PLUS what looks like a #BreakDOWN-ReTEST of a rising wedge look to the AMEX:SPY , check my TSLA to 420.69 Chart for conceptualization of this break out BELOW; In my post 2 days ago () I mentioned Strikes TBD. Well here are my favorites; SPY 560P 3.21 (Bigger Risk Reward) SPY 600P 3.21 (Essentially ATM Short w some Leverage) -Prophecies PS; 1) "I LOVE GOLD" - Fat BastarD 2) DONT OVER LOOK GOLD SAFETY HAVEN VIA CRYPTOCAP:BTC Headwinds? 3) And Don't Overlook NASDAQ:TSLA momentum... TO UPSIDE STILL (500Cs will be a play at somepoint this year #StayTuned)
AMEX:SPYShort
by Prophecies_R_Us
14
EUR/GBP (1H) – Rising Wedge Breakdown & Short Trade Setup1. Overview of Market Structure The EUR/GBP pair is forming a Rising Wedge Pattern, a well-known bearish reversal formation, which suggests that the current uptrend may soon reverse into a downtrend. The price has been moving within a tightening range, making higher highs and higher lows, but the upward momentum appears to be weakening. A breakdown from this wedge is a strong bearish signal, indicating that sellers are gaining control, and a significant price drop is expected. 2. Chart Pattern: Rising Wedge – Bearish Reversal A Rising Wedge is a pattern that occurs when price moves upward within a contracting range. This pattern typically forms after an uptrend and suggests that bullish momentum is slowing down. Characteristics of the Rising Wedge in This Chart: The price has tested the upper resistance zone multiple times, but each attempt has resulted in a rejection. The lower support trendline has been tested frequently, showing that buyers are losing strength. The breakdown of the wedge signals a strong bearish move, with price expected to drop toward key support levels. This pattern becomes valid once the price breaks below the lower trendline, confirming the bearish outlook. 3. Key Technical Levels & Zones A. Resistance Zone (0.84853) – Strong Supply Area Marked as a Resistance Zone, where price has struggled to break through. Sellers have stepped in around this level multiple times, preventing any further bullish movement. Acts as a major stop-loss level for bearish trades, as a breakout above this zone could invalidate the setup. B. Support Zones (Potential Take-Profit Targets) 1st Support Level (TP1) – 0.82539 This level has previously acted as strong support, where buyers have entered the market before. A short-term pullback or consolidation may occur here. 2nd Support Level (TP2) – 0.81332 This is the final bearish target, marking a key demand zone from where price has bounced in the past. If bearish momentum continues, price could reach this level, making it an ideal take-profit zone for swing traders. 4. Trading Strategy & Execution A. Entry Strategy A short trade is ideal after the price breaks below the rising wedge pattern. There are two possible entries: Aggressive Entry: Enter immediately after the breakout of the lower trendline, anticipating strong downside momentum. Higher risk as price might retest the trendline before moving down. Conservative Entry: Wait for a retest of the broken trendline before entering short. This confirms the breakdown, reducing false breakout risks. B. Stop-Loss Placement Stop-loss should be placed just above the resistance zone (0.84853). This prevents being stopped out by minor pullbacks before the actual move happens. C. Take-Profit Targets TP1: 0.82539 (First major support level – potential profit booking area) TP2: 0.81332 (Final bearish target – strong demand zone) 5. Risk Management & Trade Management Risk-to-Reward Ratio (RRR) This trade offers a high RRR, making it an attractive setup. The stop-loss is small compared to the potential downside move. Trailing Stop Strategy A trailing stop can be used to lock in profits as price moves lower. If price reaches TP1, move stop-loss to breakeven to secure capital. If price reaches TP2, close the trade for maximum profit. Exit Strategy Exit early if price fails to break key support zones. Monitor price action around TP1 & TP2 for signs of reversal. 6. Sentiment Analysis & Market Context Bearish Confirmation: Breakdown from the wedge signals bearish sentiment in the market. If price fails to sustain above support zones, further downside is likely. News & Fundamentals: Major economic events or interest rate decisions could impact EUR/GBP volatility. Traders should check for UK & Eurozone news before entering the trade. 7. Conclusion – Bearish Outlook The Rising Wedge breakdown is a strong short-selling opportunity. Confirmation is key: Enter short after the breakdown, use proper risk management, and aim for TP1 & TP2. If price invalidates the pattern by breaking above 0.84853, the trade setup should be reconsidered. This setup provides a high-probability bearish trade with a well-defined stop-loss and risk-to-reward ratio.
Short
by GoldMasterTrades
JPY/USD – Rising Wedge Breakdown & Bearish Trading Setup1. Market Structure & Technical Pattern: The Japanese Yen (JPY) against the U.S. Dollar (USD) has been exhibiting a clear Rising Wedge Pattern over the past few months. This is a classic bearish reversal pattern, indicating that buying momentum is gradually weakening, and a strong decline is likely to follow. Formation of the Rising Wedge: The price has been making higher highs and higher lows, confined within two converging trendlines (black lines). The lower boundary (support trendline) has been consistently acting as a dynamic support level. The upper boundary (resistance trendline) has been limiting further upward movement, indicating exhaustion of buying pressure. Breakout Confirmation: The price action tested the resistance zone multiple times but failed to sustain bullish momentum. A strong rejection from the upper resistance level led to a sharp sell-off, causing a breakdown of the support trendline. Once the price broke below the wedge, selling pressure intensified, confirming the trend reversal. 2. Key Technical Levels & Zones: Resistance Level (0.006895): The price previously struggled to break above this resistance zone, forming a strong supply area where sellers dominated. This level aligns with the upper boundary of the rising wedge, making it a significant turning point. The rejection from this zone initiated the bearish breakdown. Support Level (Broken – 0.006650): This level acted as a strong demand zone, preventing further downside movement during the wedge formation. However, once the price broke below this level, it confirmed the end of the uptrend and the beginning of a downtrend. This level may now act as a new resistance (role reversal principle). Stop Loss Placement (Above 0.006895): A logical stop-loss is placed just above the resistance level to protect against a potential invalidation of the bearish setup. If the price closes above this level, the bearish thesis would be invalidated. 3. Trading Execution & Risk Management: Sell Entry Strategy: Traders looking for short positions should enter after a confirmed break below the wedge’s support. A potential pullback (retest) to the broken trendline could offer an additional shorting opportunity. The retest would confirm the previous support turning into resistance before a continuation of the downtrend. Take Profit Targets (TP1 & TP2): TP1 (0.006481): This level represents a strong demand zone where short-term buyers may step in. Traders may choose to book partial profits here. TP2 (0.006251): This is a deeper support level and the final target for this trade setup. If the price sustains bearish momentum, it is likely to reach this level before stabilizing. Risk-to-Reward Ratio Consideration: This setup offers a high probability short trade with an attractive risk-to-reward ratio. The stop-loss is well-defined, minimizing potential losses while maximizing profit potential. 4. Expected Price Movement & Projection: Short-term Outlook: A possible pullback to the broken wedge (previous support now acting as resistance) before continuation lower. If the price retests and rejects the 0.006650 level, expect acceleration in the downtrend. Medium-term Outlook: If the price reaches TP1 (0.006481) and breaks below, it increases the probability of hitting TP2 (0.006251). A bearish trend continuation could form, potentially leading to further downside levels. Invalidation Scenario: If the price closes above the stop-loss level (0.006895), the bearish setup is invalidated, and a bullish breakout could follow instead. 5. Conclusion & Trading Plan: The rising wedge breakdown signals a shift from bullish to bearish market sentiment. Traders should look for short entries after a confirmed breakdown or wait for a pullback before executing trades. The risk-to-reward ratio makes this a strong high-probability trade setup. Following the plan with strict stop-loss placement ensures risk is controlled while maximizing profit potential. 6. Summary & Key Takeaways: ✅ Pattern: Rising Wedge (Bearish Reversal) ✅ Breakout Direction: Downside ✅ Resistance Level: 0.006895 ✅ Support Levels: 0.006650 (broken), 0.006481 (TP1), 0.006251 (TP2) ✅ Stop-Loss Placement: Above 0.006895 ✅ Profit Targets: TP1 – 0.006481, TP2 – 0.006251 ✅ Trade Bias: Bearish
Short
by GoldMasterTrades
Chainlink LongAfter a few months of waiting on the sidelines we are back with a chainlink long after a deep retrace. Link is showing bullish divergence on the lower timeframes after double bottoming at this crucial support and completing an 886 retracement of an informal Gartley. The support level can be seen across time below. The only question would be to either wait until the end of the day for this support candle to print or to go in now before confirmation. We will go in with 50% of our ideal position size now and then allocate at the end of the day or tomorrow.
COINBASE:LINKUSDLong
by SynergyTradingSetups
6
Altcoins' Market Cap is About to Reclaim $1 Trillion..!Hello Traders 🐺 In my last idea about Altcoins' total market cap, I talked about the midterm price targets. Now, in this idea, I want to focus on the short-term volatility. As you can see in the chart, the price is already in a falling wedge pattern, and the target of the falling wedge is the top of the wedge. This means we are about to see a nice bounce in Altcoins, which could break BTC.D's upward movement and lead to a bigger correction. In my opinion, in this case, we can also treat this pattern as a bull flag, and the target will vary accordingly. If you want to know more about the price target for TOTAL3, you can check my previous idea, where I also mentioned my final price target for this Altcoin Season. I hope you enjoy this idea! Don’t forget to like and follow! 🚀🔥 🐺 KIU_COIN 🐺
CRYPTOCAP:TOTAL3Long
by Kiu_Coin
2
Be careful with TRX !!!As you can see, the price has now formed an ascending wedge , which is promising. The price could rise to $0.27 after breaking this wedge... 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🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Gold (XAU/USD) – Rising Wedge Breakdown & Bearish SetupOverview Gold (XAU/USD) has been in a strong uptrend, making consistent higher highs and higher lows. However, the price action has formed a Rising Wedge Pattern, which is typically a bearish reversal formation. This pattern suggests that the bullish momentum is weakening, and a potential sell-off could follow. The recent breakdown of the wedge structure confirms the bearish bias, and sellers are now in control. Based on price action analysis, we can anticipate further downside movement toward key support levels. 📊 Technical Analysis – Rising Wedge Breakdown 1️⃣ Understanding the Rising Wedge Pattern The Rising Wedge is a bearish pattern that occurs when the price consolidates within an upward-sloping channel but shows signs of exhaustion. Here’s how it developed: Higher Highs & Higher Lows: The price consistently formed higher peaks and troughs, indicating an uptrend. Declining Bullish Momentum: As the wedge progressed, price action became increasingly squeezed, showing reduced bullish strength. Breakout Confirmation: Once the lower trendline of the wedge was breached, it confirmed that buyers were losing control and that sellers had stepped in. 2️⃣ Key Levels & Market Structure 🔵 Resistance Level: The upper boundary of the wedge around $3,150 - $3,163 acted as a supply zone, where sellers pushed prices lower. 🟠 Support Level: The lower boundary of the wedge, around $3,100 - $3,120, initially provided demand but eventually failed to hold. 🔻 Breakdown Confirmation: The price broke below the wedge, which is a strong bearish signal. 🎯 Trade Setup & Strategy 3️⃣ Bearish Trading Plan Given the breakdown of the wedge pattern, the setup favors a short (sell) trade. Here’s how to approach it: 📉 Sell Entry: The ideal short position is initiated after a confirmed break of the wedge’s support level. 📍 Stop Loss (SL): A tight stop-loss is placed above the previous resistance at $3,163.67, ensuring risk is controlled if the trade goes against the bias. 🎯 Take Profit (TP) Targets: TP 1: $3,080.66 – First major support level, where buyers might step in temporarily. TP 2: $3,057.33 – Extended downside target, offering a greater risk-to-reward ratio. 4️⃣ Additional Price Expectations Retest of the Wedge Breakdown: The price may pull back to the broken wedge support before continuing downward. Stronger Bearish Momentum: If selling pressure remains strong, price could fall even lower, breaking TP 2. Invalidation Level: If price climbs above $3,163, the wedge breakdown would be invalidated, signaling that bulls have regained control. 📌 Conclusion & Market Sentiment 🔹 Rising Wedge Breakdown Signals Further Downside – The market structure suggests that sellers are gaining control. 🔹 Sell Setup with Risk-Managed Approach – With a defined stop-loss and two profit targets, this trade offers a favorable risk-to-reward setup. 🔹 Gold’s Short-Term Bearish Outlook – The chart confirms a potential correction, and price may drop towards $3,080 and $3,057 if the bearish momentum continues. 📊 Final Thought: This is a high-probability short trade based on classic technical analysis. Traders should monitor for confirmation retests and manage risk accordingly. ✅ Would you like any refinements or additional insights? 🚀
OANDA:XAUUSDShort
by GoldMasterTrades
BTC DOMINANCE in Rising wedge Pattern BTC Dominance Showing Signs of Weakness – Altseason Incoming? BTC dominance is finally topping out, displaying clear signs of weakness. Rising wedge Pattern forming on weekly time frame which is also bearish. Despite reaching new highs, momentum appears to be fading, with bearish RSI divergence further confirming the exhaustion. All indicators point towards an imminent breakdown in BTC dominance, potentially triggering a long-awaited Altseason in the coming days. Stay prepared for major moves in the altcoin market! 1. Weakness in the uptrend =Bearish 2. Rising wedge Pattern = Bearish 3. RSI divergence on weekly = Bearish All things indicating towards upcoming Bearish trend for BTC Dominance. What do you think share your thoughts in the comments. 🚀 🚀 🚀 🚀 This is not a Financial Advise
CRYPTOCAP:BTC.DShort
by Traderscorpion
2