ASAHI SONGWON : Chart Pattern Breakout#ASAHISONG #cupandhandle #chartpattern #breakout #swingtrade #swingtrading
ASAHISONG : Swing Trade
>> Chart Pattern Breakout soon
>> Cup & Handle Visible
>> Volumes Dried up
>> Good Strength in Stock
Swing Traders can lock Profit at 10% and keep Trailing
Disc : Charts shared are for study Purpose & not a Trade Recommendation
Pls do uour Own Analysis or Consult ur Financial Advisor before taking any position, Dont go all in...plan ur Trades with Proper Position Sizing, Risk Management and clear plan.
Chartpatterntrading
Gold (XAUUSD, 2H) Potential Triangle Structure Near CompletionOn the 2-hour timeframe, gold continues to consolidate inside a well-defined contracting triangle, marked by a series of lower highs and higher lows, suggesting reduced volatility before a directional move. The structure appears to follow a five-leg correction (waves 1–5), which may now be nearing completion.
The focus is now on how price reacts to the upper boundary of the triangle, but $3,310 is not a decisive level. Instead, the key signal will come from a breakout from the triangle itself with confirmed follow-through and volume.
Technical view:
– Structure: classic five-leg triangle forming inside the broader retracement
– Volume is increasing on approach to the upper boundary
– Fibonacci retracement levels in play above:
• $3,351 (0.618)
• $3,380 (0.5)
• $3,443 (0.236)
– Critical support remains along the lower triangle base and near the $3,258–$3,192 zone
– Breakdown below $3,192 would invalidate the bullish scenario
Scenario outlook:
This is a hypothetical pattern completion. If the triangle resolves upward, momentum could push price toward $3,350+, aligning with Fibonacci recovery targets.
Conclusion:
Gold is moving toward the decision point inside a contracting triangle. Watch for breakout confirmation from the structure itself — not individual levels. Until confirmed, this remains a potential scenario, not an active signal.
AUDNZD (4H) Symmetrical Triangle Breakout+Falling Wedge ReversalOn the 4-hour chart of AUDNZD, the market has completed a compression phase inside a symmetrical triangle, nested within a larger falling wedge structure. Both patterns suggest a potential bullish reversal after an extended downward trend.
The breakout occurred to the upside, with price moving above the triangle and breaking through short-term resistance around 1.0713. Volume increased on the breakout, confirming genuine buyer interest. If the price holds above this level and breaks 1.0766, it opens the path to the next major target at 1.0844, aligned with the previous key swing level.
Technical picture:
– Symmetrical triangle breakout confirmed
– Price also broke out of the falling wedge
– Volume expansion on the move
– Bullish realignment of EMAs is starting
– Holding above 1.0713 + breaking 1.0766 will activate the next phase
Fundamental backdrop:
The Australian dollar is benefiting from resilience in the commodity and export sectors, while the New Zealand dollar faces pressure from weakening inflation and growing expectations of monetary easing by the RBNZ. This economic divergence creates short-term advantage for AUD over NZD.
This double-pattern setup confirms the transition from consolidation to bullish impulse. Holding above 1.0713 and a confirmed break above 1.0766 would unlock a move toward 1.0844. These patterns offer clean early entries into trend reversals.
Watch for a breakout from the #BANKUSDT📍 The price of MEXC:BANKUSDT.P is approaching the apex of the pattern — a breakout from consolidation is expected soon. The main scenario favors a downward breakout, with a short opportunity if confirmed.
📍 Important note: ➡️ Don’t rush the entry! Wait for a clear breakout from the pennant and confirmation of the direction.
📍 Beware of fakeouts — the key to success lies in confirmation with candle closes and volume.
📉 SHORT MEXC:BANKUSDT.P from $0.04118
🛡 Stop loss: $0.04284
🕒 Timeframe: 1H
📢 Overview:
➡️ The main structure of MEXC:BANKUSDT.P remains bearish, showing consolidation after a drop.
➡️ A break below the $0.04118 support will trigger the Bearish Pennant pattern.
➡️ Volume increase on the breakout will confirm sellers' dominance.
🎯 TP Targets for SHORT:
💎 TP 1: $0.04010
💎 TP 2: $0.03900
💎 TP 3: $0.03815
📢 Entry conditions for MEXC:BANKUSDT.P :
Enter only after a clear breakdown and candle close below $0.04118, ideally with volume confirmation.
📢 If the price holds above $0.04588, the structure may be invalidated, and the short scenario should be reconsidered.
📈 LONG MEXC:BANKUSDT.P from $0.04652
🛡 Stop loss: $0.04501
🕒 Timeframe: 1H
📢 Overview:
➡️ Price is compressing inside a Bearish Pennant, but there is still potential for a fake breakout upward.
➡️ A breakout above the pennant on strong volume may lead to a bullish impulse.
➡️ The $0.04652 level is key for a long entry after confirmation.
🎯 TP Targets for LONG:
💎 TP 1: $0.04760
💎 TP 2: $0.04870
💎 TP 3: $0.04970
📢 Entry conditions:
Enter only after a confident breakout above $0.04652 and a solid candle close (preferably with high volume).
🚀 Watch for a breakout from the MEXC:BANKUSDT.P structure and trade only in the confirmed direction. Either way — there is good movement potential and the R/R ratio is solid in both directions!
Bullish Pennant on EUR/USD @ D1A bullish pennant has formed on the daily chart of EUR/USD. It can be used for an upside breakout setup. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (1.12662), it is placed at the low of the pennant area. My potential take-profit level is marked with the green line (1.17921), it is placed at the pole's length above the stop-loss. I will wait for a significant close above the pennant's border to consider trading this breakout.
Head and Shoulders Pattern: Advanced Analysis for Beginners█ Head and Shoulders Pattern: Advanced Analysis for Beginners
The Head and Shoulders pattern is one of the most widely recognized and reliable patterns in technical analysis. And today, I am going to teach you how to use it as efficiently as an experienced trader would.
Learning to spot and trade this pattern can be a great asset in your tool belt —whether you’re trading stocks, forex, or cryptocurrencies.
The Head and Shoulders is a well-known reversal pattern in technical analysis that signals a potential trend change.
⚪ It consists of three peaks:
The Left Shoulder: A peak followed by a decline.
The Head: A higher peak formed after the left shoulder, followed by a decline.
The Right Shoulder: A smaller peak resembling the left shoulder, followed by another decline.
When these peaks form in a specific order and the price breaks below the neckline (the line connecting the two troughs between the shoulders), it indicates a bearish reversal from an uptrend to a downtrend.
█ What about Bullish reversals? Don’t worry — there's good news!
Conversely, the Inverse Head and Shoulders pattern forms at the bottom of a downtrend and signals a potential reversal to the upside. By recognizing the pattern early, you can position yourself for a high-probability trade with a clear entry and exit strategy.
█ How to Identify a Head and Shoulders Pattern?
I truly believe the best way to learn any trading strategy is to keep it simple, away from the “technical” jargon unless absolutely necessary. We’ll do the same with this strategy.
Despite its varied usage, you can break it down into four simple steps:
1. Look for the Left Shoulder
The first part of the pattern forms when the price rises , creating a peak. Then, it declines back down to form the trough . This creates the Left Shoulder of the pattern.
Example: If the price of Bitcoin (BTC) rises from $85,000 to $90,000, and then declines to $87,500. This is your Left Shoulder.
2. Spot the Head
The second part of the pattern is the Head . After the Left Shoulder, the price rises again , but this time, it forms a higher peak than the Left Shoulder. The price then declines again, creating a second trough .
Example: Continuing with Bitcoin, after the price dropped to $87,500, it rises to a new high of $95,000 before dropping back to around $90,000. This $95,000 peak is the Head, which is higher than the Left Shoulder.
3. Find the Right Shoulder
After the decline from the Head, the price rises again, but this time, the peak should be smaller than the Head, forming the Right Shoulder . The price then starts declining again, and this is where the neckline is formed (connecting the two troughs).
Example: Bitcoin then rises from $90,000 to $92,000 (lower than the $95,000 peak). This forms the Right Shoulder, and the price starts to decline from there.
4. Draw the Neckline
The neckline is drawn by connecting the lows (troughs) between the Left Shoulder and the Head, and between the Head and the Right Shoulder. This is your key reference level.
█ How to Trade the Head and Shoulders Pattern
Once you've spotted the Head and Shoulders pattern on your chart, it’s time to trade it. And yes, it did need a separate section of its own. This is where most amateur traders mess up - the finish line.
1. Wait for the Neckline Breakout
The most crucial part of the Head and Shoulders pattern is the neckline breakout . This is when the price breaks below the neckline, signaling the start of the trend reversal.
Example: After the price rises to form the Right Shoulder at $92,000, Bitcoin then drops below the neckline (around $90,000). This is the confirmation that the pattern is complete. The price of BTCUSD is likely to continue downward past the 90k mark.
2. Enter the Trade
Once the price breaks below the neckline, enter a short position (for a bearish Head and Shoulders pattern). This is your signal that the market is reversing from an uptrend to a downtrend.
3. Set Your Stop Loss
Your stop loss should be placed just above the right shoulder for a bearish Head and Shoulders pattern . This makes sure you are protected in case the pattern fails and the price reverses back upward.
Example: Place your stop loss at around $93,000 (just above the Right Shoulder at $92,000) on BTCUSD.
You can also try one of these strategies I have used in the past:
⚪ Conservative Stop: Place the stop above the head (for bearish H&S) or below the head (for bullish iH&S) for maximum safety.
⚪ Aggressive Stop: Place the stop above the right shoulder (for bearish H&S) or below the right shoulder (for bullish iH&S) to reduce your stop size.
⚪ Neckline Reclaim Invalidation: Exit the trade if the price reclaims the neckline after breaking it. This could be an indication of a false positive/invalid pattern.
4. Set Your Profit Target
To calculate your profit target, measure the distance from the top of the Head to the neckline and project that distance downward from the breakout point.
Example: The distance from the Head at $95,000 to the neckline at $90,000 is $5,000. So, after the price breaks the neckline, project that $5,000 downward from the breakout point ($89,800), which gives you a target of $84,800.
5. Monitor the Trade
We’re in the home stretch now, people. This is the 9th inning.
There’s only one job left: keeping an eye on any retests or contrarian moves.
As the price moves in your favor, you can scale out or move your stop loss to break even to lock in profits.
█ What makes H&S strategy an all-time classic?
It’s simple. It works.
This pattern works because it reflects a shift in market sentiment:
In a Head and Shoulders pattern , the uptrend slows down as the market struggles to make new highs, and then the price ultimately breaks down, signaling that the bulls have lost control.
In an Inverse Head and Shoulders pattern , the downtrend weakens as the market fails to make new lows, and the price breaks upwards, signaling a bullish reversal.
⚪ Here are a few points to remember as a cheatsheet for Head and Shoulders patterns:
Wait for the neckline breakout to confirm the pattern.
Set a stop loss above the right shoulder for protection.
Project the price target using the height of the head for a realistic profit goal.
Always monitor the trade for any signs of reversal or false breakouts.
Mastering this pattern can be a game-changer for any trader, but like any tool, it’s only effective when combined with other indicators, strategies, and a solid risk management plan.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
The Euro Bull sharpening it's horns against the USD?After further analysis on the weekly and monthly chart, I have identified what looks like a much larger broadening bottom pattern which signals the possibility of much further U.S. Dollar weakness.
Based on my previous video analysis, my original target for the EUR/USD was 1.2000 however 1.2500 – 1.3000 is not out of the question now. We haven’t traded in that price range since 2014.
In the immediate term, we could see a bullish acceleration if we begin trading cleanly above 1.1500.
I will expand on this analysis in my next upcoming weekly video.
Good Luck & Trade Safe.
USD/CAD 1H Breaking Structure: The Start of a New Trend?Hi traders! Analyzing USD/CAD on the 1H timeframe, spotting a potential bullish reversal from a descending wedge pattern:
🔹 Entry: 1.38846
🔹 TP: 1.40286
🔹 SL: 1.37692
Price is bouncing off the lower boundary of a falling wedge, showing signs of bullish divergence with RSI also turning upwards. The breakout of the descending structure may signal a trend reversal or at least a corrective move to the upside.
The RSI is recovering from the oversold region, reinforcing the idea of a possible bullish push. A break and close above the minor resistance zone could confirm the move towards higher levels.
Watching closely for momentum confirmation!
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
Triangle Breakout Alert – EUR/GBP Ready to Fly!Hi traders! Analyzing EUR/GBP on the 30M timeframe, spotting a potential bullish breakout from a triangle pattern inside a broader downtrend:
🔹 Entry: 0.86008
🔹 Take Profit (TP): 0.86423
🔹 Stop Loss (SL): 0.85547
Price was consolidating inside a descending channel and recently formed a symmetrical triangle pattern. After multiple touches at both trendlines, bullish momentum broke the triangle to the upside, suggesting a possible short-term reversal or corrective move against the prevailing downtrend.
The breakout is supported by a clean candle close above the triangle resistance and a potential retest of the breakout zone. RSI is turning up from the oversold area, signaling a shift in momentum.
If bulls maintain control, we could see a push toward the upper limit of the channel or even a full retracement to 0.86423, where previous structure aligns with dynamic resistance.
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
The chart #MANEKIUSDT looks strong📉 LONG BYBIT:MANEKIUSDT.P from $0.002990
🛡 Stop loss: $0.002772
🕒 Timeframe: 1H
📢 Market Overview:
➡️ The token broke out impulsively after consolidating above the Point of Control (POC) at $0.002253 — a strong bullish sign.
➡️ The BYBIT:MANEKIUSDT.P stop-loss is set just below the key accumulation zone, at $0.002772 — a logical support level.
➡️ The volume profile shows heavy interest below current levels, indicating buyer support.
➡️ Current price ($0.002915) is slightly below the entry zone but testing resistance around $0.002944.
➡️ A breakout here could quickly push price to TP1 and TP2.
🎯 TP Targets:
💎 TP 1: $0.003100
💎 TP 2: $0.003210
💎 TP 3: $0.003300
📢 Watch for confirmation above $0.002944 — this would open the way toward TP1.
📢 Weak breakout may trigger a retest of the entry area.
🚀 The chart BYBIT:MANEKIUSDT.P looks strong — bullish momentum could continue!
Expecting more USD selling overall: Weekly Market PreviewIn this video I go over last week's epic volatility and what I am looking for going forward.
Long positions on EUR/USD at 1.0980 will remain in tact and still eyeing a target of 1.2000 out of the falling wedge displayed on both the monthly and quarterly charts.
I do expect some pullback after a massive move to the upside to end the week however, the bull can become relentless and continue it's strength due to the U.S. Dollar weakness across the board.
USD/JPY is another one I am watching and initiated a short position at 143.31 with a target at 133. If the large weekly broadening pattern runs it's course, I expect for that target to get hit.
Tech may get relief after Trump announced over the weekend that there will be exemptions but the market can remain irrational and continue overall weakness especially since the U.S. economy as a whole is not well.
Hope you enjoy the video and we'll see what we get this upcoming week, especially with Federal Reserve Powell set to speak on Wednesday.
As always, Good Luck & Trade Safe.
Don't Let It Slip Away: Dragon Signal Active on EUR/USDHi traders! Analyzing EUR/USD on the 1H timeframe, spotting a potential Dragon pattern with long opportunity:
🔹 Entry: 1.0956
🔹 TP: 1.11367
🔹 SL: 1.07787
Price action has formed a classic Dragon pattern — two symmetrical legs and a clear head, with the neckline (the hump) being retested as support. Currently, the pair is testing the neckline zone just above the 200 EMA. RSI is mid-range and curving up, showing early signs of bullish momentum.
If the neckline holds, we may see a strong bullish wave toward 1.1136. This pattern often leads to explosive upside moves once confirmed.
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
US500 Historical Rallies & Pullbacks with a Potential ProjectionI’ve observed the US500’s performance over the years, marking rallies with a blue line and pullbacks with a yellow line. Looking at the chart, a systematic repetition of these movements emerges, which, at first glance, seems to follow a recognizable pattern.
Specifically, I’ve cloned the blue line from the rally that started on 03/23/2020 and ended on 12/20/2021, now represented by a green line, to hypothesize a potential future rally. This clone is based on the duration of previous pullbacks:
The first pullback, before the 2020 rally, began on 02/20/2020 and ended on 03/23/2020.
The second pullback, the current one, started on 02/17/2025 and might conclude around 04/07/2025, potentially paving the way for a new rally.
the angle of those pullbacks is almost identic
This "snapshot" observation suggests we could be nearing a turning point. Of course, this is just a hypothesis based on historical patterns, and I encourage cross-referencing it with other indicators or analyses. What are your thoughts?
XAUUSD Analysis: Will It Soar or Dip? Esential Levels to Monitor🚨 Attention Traders! 🚨
XAUUSD is making waves and breaking through key levels! 🔥 The price is currently battling between 2977 and 2987 — will we see a breakout soon?
Bearish Alert: A dip below this range could lead us to targets like 2960 and 2955. ⚠️
Bullish Opportunity: A move above 2987 could trigger buying opportunities, with targets around 3004 and 3030. 🚀
💬 Let’s Talk Strategy! What’s your take on this? Share your insights as we ride this golden wave together and unlock new opportunities! 💰
Candlestick Pattern Trading: Reading the Market in ColorHello, traders!
Let’s face it — price charts can feel overwhelming at first. Red. Green. Wicks. Shadows. Bodies. It’s like abstract art for traders. But once you understand candlestick pattern trading, you’ll start to see structure in the chaos—and maybe even profit from it.
Candlestick patterns are one of the most popular tools in technical analysis. They don’t just show price data; they tell a story about market sentiment. Whether you’re a beginner or an experienced trader, knowing your candlestick pattern chart basics is essential. So, grab your coffee (or matcha, we don't judge), and let’s break this down.
What Is a Candlestick Pattern?
A candlestick pattern is a visual formation that appears on a price chart and helps traders predict future market movement based on past price behavior. Each candle represents the open, high, low, and close price for a specific time frame.
When grouped, candlestick chart patterns help traders spot potential reversals, continuations, and areas of indecision. These formations work across all time frames and are used in stocks, crypto, and forex – you name it.
Candles don’t just represent price; they reflect emotion. Greed. Fear. FOMO. Panic selling. It’s all there in the pattern candlestick formations. Learning to read them is like learning a new language—except this one helps you protect your capital.
Whether you're a scalper or a swing trader, the best part of candlestick pattern trading is that it gives you context. It shows who’s in control — buyers or sellers— and offers clues on what might come next.
Candlestick Patterns Cheat Sheet for Cryptomarkets
To help you better navigate, here's a handy visual reference that breaks down key candlestick chart patterns by category: bullish, bearish, and neutral. Whether you're spotting a potential reversal or riding a continuation, this cheat sheet covers some of the most reliable formations used in candlestick pattern trading.
🔵 Bullish Patterns (Reversal & Continuation)
These patterns typically appear at the bottom of a downtrend and signal potential upside momentum.
Key Bullish Patterns Shown Include:
Hammer and Inverted Hammer – Reversal patterns that signal buyer strength.
Bullish Engulfing, Morning Star, and Tweezer Bottom – These are Strong indications of a trend reversal.
Rising Three Methods, Bullish Three Line Strike, and Bullish Mat Hold – Continuation patterns that suggest a bullish trend is likely to resume.
🔴 Bearish Patterns (Reversal & Continuation)
Found at the top of uptrends, these patterns often warn of downward pressure:
Hanging Man and Shooting Star – Classic bearish reversals.
Bearish Engulfing, Evening Star, and Tweezer Top – Indicate a shift from bullish to bearish control.
Falling Three Methods, Bearish Three Line Strike, and Bearish Mat Hold – Patterns that imply the downtrend is resuming after a pause.
🟠 Neutral Patterns
These patterns signal indecision in the market and require confirmation:
Doji – A candle where the open and close are nearly the same, reflecting balance.
Gravestone Doji and Dragonfly – Unique forms of the Doji that lean toward reversals depending on their position.
This cheat sheet is a great visual companion for understanding candlestick pattern charts at a glance — especially useful in fast-moving markets like crypto.
Final Thoughts: Learn the Language of the Market
Candlestick pattern trading is like learning to read between the lines—but in chart form. Once you recognize the key candlestick chart patterns, you’ll stop guessing and start interpreting what the market is really trying to say.
So, next time you open a chart, don’t just stare at it. Ask questions:
❓ Is that a bullish candlestick pattern forming?
❓ Is this a breakout or a trap?
❓ Is the candlestick flag pattern just pausing, or is momentum dying?
When you start seeing candles not as just red and green bars but as signals of crowd behavior… well, that’s when the magic begins.
Have a favorite candlestick pattern chart setup you swear by? Drop it in the comments, and let’s compare notes. 🔥
WILL GOLD MARK NEW ATH TRUMP TERRIF ALERT!🚨 GOLD UPDATE (XAU/USD)🚨
Gold is showing a strong bullish trend, and it’s expected to continue for the next month. 🌟 If you see any dips, buy in again and again! We could see gold touch 3200 soon, especially with the ongoing China & Trump tensions. The US economy remains strong, and fundamentally, gold is primed to soar even higher! 📈💥
After Trump's tariffs, gold may dip and sweep more liquidity before bouncing back stronger. ⚡ As China and Trump battle, US strength keeps pushing gold to new heights. 📊
Key Buying Zones 🔑:
- 3030 – 3035: Last zone for reversal 🔄
- 3000: Strong support zone 🚀
Targets 🎯:
- 3100 💰
- 3200 💎
- After 1 month: 3300 💥
⚠️ Always follow risk management⚠️
NFP REPORT IMPACT ON XAUUSD ALERT!🚨 XAUUSD Market Alert 🚨
🔥 Current Action: XAUUSD is currently range-bound between 3101 and 3114—will it break out soon? The market’s at a critical point, and a sharp move could be on the horizon!
📉 Bearish Scenario: If price slips below this zone, keep an eye on potential support levels at 3070 and 3054. A downward shift could set up fresh opportunities for sellers.
📈 Bullish Scenario: On the flip side, a solid break above 3114 could trigger buying pressure, with targets at 3140 and 3170. A move like this could spark a new uptrend, especially with NFP data on the way, which could impact the gold market!
💬 Let’s Talk Strategy: What’s your take on the XAUUSD setup? Share your insights, and let’s navigate this golden opportunity together! 💰🚀
XAUUSD UNEMPLOYEMENT CLAIM BREAKOUT ALERT!🚨 XAUUSD Update 🚨
🔥 Price Action: XAUUSD is locked between 3144 and 3151—breakout imminent?
📉 Bearish View: If it drops below this range, watch for targets at 3130 and 3120. Stay sharp!
📈 Bullish View: A break above 3151 could set up buying opportunities. Target 3165 and 3200.
💬 Join the Discussion: Drop your thoughts and strategies below! Let’s ride the golden wave together! 💰🚀