Get started

Wedge

EURUSD – Bears Still in Control!EURUSD has been overall bearish, trading within a clear descending channel. After rejecting the 1.1950s, price broke structure and shifted momentum to the downside. At the moment, price is retesting a strong structure zone that aligns with the upper red trendline of the channel. This area acts as a confluence resistance. As long as EURUSD trades below this zone, the bears remain in control. I’ll be looking for short opportunities from here with the next bearish impulse in mind. If this structure is broken upward, only then would the short-term bias start to shift. Until then, the path of least resistance remains down. Do you think EURUSD will respect this resistance, or could we see a breakout to reverse the trend? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr.
Short
by TheSignalyst
7
EUR/USD | SELLSTOP | 2H 🛑Price is reacting inside a supply zone near 1.17540 after breaking the descending structure. According to SMC Concept: 🛑BOS (Break of Structure) confirms bearish order flow. 🛑Expecting price to test the supply zone (1.17330 – 1.17540). 🛑From there, probability of rejection and continuation downside toward 1.17067 – 1.17075. 🛑Sell Stop idea is placed below structure to catch momentum. ⚡ Bias: Bearish under 1.17540 🎯 Targets: 1.17075 / lower liquidity levels 📌 Invalidation: Break & sustain above 1.17600 ---
Short
by Greenfireforex
1
#BTCUSDT.P (1H Chart)#BTCUSDT.P (1H Chart) 🔹️ Bitcoin Analysis Update 🔹️ The bullish outlook from the previous analysis remains valid. The yellow box resistance has been engulfed, and I expect the bullish move to continue. 📌 Best entry zone: Blue Box 🎯 Main target for this long setup: Red Box (114,000 – 114,500) 🚀 If you enjoyed this analysis, please give it a boost 💙 and to not miss any new analyses or setups, make sure to follow me 📊 🆔️ @Rasoolahmadi
Long
by Rasoolahmadi
BTCUSD D1 Elliott Wave AnalysisIts a simple and clear Elliott Wave Setup in BTCUSD D1 Chart. Follow the below sequence to understand. 1. We see a rising Wedge which was broken to the downside. 2. This can be labelled as 'impulse wave 1' (white count). 3. Price after break the wedge and making wave 1, retraced to 61.8 fib (wave 2 white count). This is a classic wave 2 retracement zone. 4. We are possibly now in wave 3 (white count) which ideally extends to 161.8 fib extension. 5. Therefore the target for wave 3 is around 92,000. Additional note: We see a pattern of FVGs which are similar in size. Twice above, these FVGs were mitigated. Now we have the 3rd similar FVG around the wave 3 target area at 92,000. Therefore, if we go there, and wave 3 completes, expect a bounce due to FVG to create a corrective wave 4. Tell me what do you think about this idea. Feedback will be appreciated.
BINANCE:BTCUSDShort
by Khan82
EURUSD: Price May Continue To Fall Inside WedgeHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, the price of EURUSD has shifted into a bearish phase after a prior Upward Channel failed and broke down. This reversal led to the formation of the current Downward Wedge, a pattern that has been guiding the price lower through a series of lower highs and lower lows. Currently, the price is at a critical decision point. After bouncing from the lower part of the wedge, it has rallied correctly and is now directly testing the descending resistance line of the formation. This is a key area where sellers have repeatedly shown strength in the past. My Scenario & Strategy My scenario is based on the expectation that this Downward Wedge is a continuation pattern and the dominant downtrend will resume. I'm looking for the price to be rejected from the wedge's resistance line. A confirmed failure to break higher would be the key signal that the next impulsive move down is about to begin. Therefore, the strategy is to watch for this rejection. A confirmed reversal would validate the short scenario. The primary target for this move is the 1.1615 Support, which aligns with the major Support zone. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
1
BITCOIN → Stagnation. A brief overview of the current situation.BINANCE:BTCUSDT.P is consolidating after breaking through the trend line support. Despite the positive fundamental background and bullish trend, the market is forming a countertrend correction. The decline in interest rates in the US has had a negative impact on the cryptocurrency market. Can this be called manipulation? Most likely, yes. But the cryptocurrency market needs a constant driver to keep it alive; calm or neutral conditions lead to corrections and retests of intermediate lows... As for Bitcoin, I have identified several key areas: the boundaries of the current consolidation at 109,850 and 108,575. Accordingly, a breakout and close above or below one of these boundaries could trigger a move in the corresponding direction. But within the local trend, we can expect a decline to the intermediate bottom of 107,400, from which an attempt at growth could form. In addition, an important zone is the conglomerate of resistance at 110K and the ascending support line. If the price can form an upward momentum and close above the trend support, the market may react positively. Resistance levels: 109,850 - 110K, 111,500 Support levels: 108,500, 107,400 After breaking through the trend support, there is no momentum and the price is consolidating. This suggests that the market does not believe this premise and a battle for the area is forming. If the bulls can hold their ground and bring the price back within the boundaries of the uptrend, then it may be worth looking for a buying opportunity. Otherwise, it is worth waiting for a retest of the intermediate bottom at 107,400 before looking for an opportunity to open long positions. Best regards, R. Linda!
Long
by RLinda
5
EURUSD: Rally from Wedge Support to 1.1880Hello everyone, here is my breakdown of the current Euro setup. Market Analysis A prior uptrend failed, leading to a sharp drop down to the major Support zone 2 around the 1.1450 level. However, strong buying pressure emerged from that low, initiating a powerful reversal and establishing the current market structure. This new bullish phase has formed a well-defined Upward Wedge. The price successfully broke through Support 1 and tested the wedge's resistance. Currently, it's in a healthy corrective pullback and is testing the ascending support line of this wedge, which is a key area to watch. My Scenario & Strategy I'm looking for the price to complete its correction and find a solid floor on the ascending support line. A confirmed bounce from this dynamic support would be the key signal that the next impulsive move up is about to begin. Therefore, the strategy is to watch for this bounce. A successful rebound would validate the long scenario. The primary target for the next wave higher is 1.1880, which would represent a new structural high within the Upward Wedge. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
10
BULL 4H - Bulls are back in town?On the 4H chart, the setup looks solid: a falling wedge breakout with both MA50 and MA200 left below the price. Buyers stepped in with volume, confirming interest in the move. The first target sits around $18.35, and if momentum continues, the next checkpoints are $22 and $27.6. From a fundamental angle, Webull keeps expanding its client base and strengthening its position in the competitive brokerage market. With retail trading demand still alive, recovery scenarios for the stock look plausible. The tactical play is simple: as long as the price stays above the moving averages, bulls are in control. Still, watch for pullbacks - markets love to test support after breakouts. And yes, the ticker “BULL” practically screams the trend. Just make sure you don’t treat it like a real bull - those don’t care about targets.
NASDAQ:BULLLong
by TotoshkaTrades
BTCUSD: Awaiting Rejection from the Seller ZoneHello everyone, here is my breakdown of the current Bitcoin setup. Market Analysis From a broader perspective, the price action for Bitcoin has been highly volatile, transitioning from a Downward Channel into the current Broadening wedge. This pattern is defined by higher highs and lower lows, indicating an ongoing battle between buyers and sellers with expanding volatility and no clear winner yet. After failing to break the major Resistance at the 115800 level, the price has rotated down across the entire pattern. Currently, it is trading at a critical location, testing the ascending support line of the wedge, just above the major horizontal Support zone which starts at the 110000 level. My Scenario & Strategy My scenario is built around the idea of a potential 'fake breakdown' or a liquidity hunt below the wedge's trendline. I believe the market may make one final push down to test the major horizontal Support at the 110000 level. The key signal I'm watching for is a swift reversal after this potential dip. Therefore, the strategy is to watch for this reversal. A successful reclaim of the wedge would validate the long scenario. The primary target for the subsequent rally is the 115800 Resistance, which represents a full rotation back to the top of the pattern. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
BINANCE:BTCUSDLong
by Ratner
4
EURUSD Long: Reversal from Wedge Support ExpectedHello, traders! The prior market structure for EURUSD was a bullish ascending channel, which concluded with a pivot point high at the SUPPLY 2 level of 1.1835. A subsequent breakdown from that channel shifted the market's momentum, initiating a corrective phase that has since taken the form of a downward wedge, guiding the price lower. Currently, the price auction has completed another leg down within this wedge and is now at a critical inflection point. The price is directly testing the descending support line of the formation, a key area where a bullish reversal could originate. This represents a major test of the prevailing bearish momentum. My scenario for the development of events is a bullish reversal from the support of this downward wedge. I expect the price to find strong support at the current demand line and initiate a new rally. In my opinion, this move will be strong enough to break through the immediate SUPPLY at 1.1690 and continue towards the upper resistance line of the wedge. The take-profit is therefore set at 1.1755, targeting that upper boundary. Manage your risk!
Long
by heniitrading
6
USDJPY; A CONFIRMED BREAKOUT..USDJPY have fulfilled our previous analysis by breaking above the tight region which it have been ranging for a few weeks now. this shows clearly how USD have strengthen against other currency for both in forex and crypto market just as expected for this month. As we can see in this structure the pair is trending on a movement of higher highs and higher lows with some consolidation in between. However we keep a close look to see the outcome of this breakout. Key points here: Hold on long with a target above 150.86 to 152.21 for long term position. Like and follow up Thanks for reading.
Long
by Blaisefxacademy
CRUDE OIL (WTI): Strong Intraday Confirmation A quick follow-up for the yesterday's analysis on WTI Crude Oil. The price went up as I predicted. The market managed to violate a resistance line of a bullish flag pattern on an hourly time frame, providing a strong intraday confirmation. The price will likely grow more and reach 65.58 level after a completion of a retracement. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
FX:USOILLong
by VasilyTrader
1
GOLD → Will the correction continue, or is it time for growth?FX:XAUUSD is inside a descending channel—corrections within a global bullish trend. The price is forming a retest of resistance, and the market's reaction to the 3760 zone will give further insight into price movement... Gold is consolidating in the range of 3730-3790 in anticipation of US economic data and speeches by Fed officials. Pressure on the metal is intensifying due to revised expectations for rate cuts and a correction in the dollar... Key factors: Markets have reduced expectations for easing to 43 bps by the end of the year after cautious comments from the Fed. The dollar index has reached a 9-day high, limiting gold's growth. Tensions between Russia and NATO are preventing gold from falling. The market is in wait-and-see mode ahead of tomorrow's PCE data. Strong data today will strengthen the dollar and reinforce the correction in the metal, while escalating geopolitics will bring back demand for safe havens. Resistance levels: 3760, 3776, 3791 Support levels: 3752, 3741, 3731 Technically, the market is testing downward resistance. Since the opening of the session, the price has already moved a lot and there may not be enough potential for an initial breakout. I expect a pullback to 3745-3740, and if the bulls return the price to 3760, the market will have a chance to break through resistance and continue growing towards the resistance level of the range. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
16
EUR/USD (2H) Analysis – SMC + Elliott Wave ViewOn the 2H timeframe, price is respecting both SMC supply zones and Elliott Wave corrective structure. 🔹 Elliott Wave Structure: We are currently unfolding in a Corrective A–B–C pattern. Wave A completed with strong downside impulse. Wave B retraced into supply zone but failed to break structure. Now, wave C is developing, with expectation of further downside toward the 1.1650–1.1620 demand zone. 🔹 SMC Structure: Price tapped into the sellers’ supply zone (1.1760–1.1780), aligning with previous order block and descending channel trendline. Market structure remains bearish with lower highs & lower lows. Liquidity below 1.1700 is the next target for smart money. 📉 Bias: Looking for a rejection from the seller zone → continuation into the blue demand area marked as Wave C completion. ✅ Confluence: Elliott Wave C-leg projection Bearish order flow (SMC) Supply zone rejection Channel continuation ⚠️ Invalidation: Bullish break and close above 1.1800 would invalidate this bearish scenario.
Short
by Greenfireforex
1
USDJPY - Support Holding Strong!📈USDJPY has been overall bullish trading within the rising channel marked in blue. This week, USDJPY has been bearish trading within the falling red wedge and it is currently rejecting the lower bound of it! Moreover, the orange zone is a strong support. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the lower red trendline and orange support. 📚 As per my trading style: As #USDJPY is around the blue circle zone, I will be looking for trend-following bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
2