AUD/USD, Are Bull Set for a Breakout ?This analysis dates from the 3rd of May, this is in no way financial advice and should be taken into account in an objective way. Make your own opinion about it, don't take it for granted.
- AUD/USD is trading around the 0.64000 area on the daily chart, it has been consolidating around that area since April 21st following a 7 consecutive bull rally. Where it is heading to next still needs to be determined. Nevertheless, there is a clear Expanding Triangle dating since the start of 2025. (see image attached),(13th January, 03rd of Feb, 09th of April for the lower bar and 27 January, 20th Feb, 17th March, 23rd of April for the upside channel).
- This expanding triangle is similar to the one identified on NZD/USD which had an upside breakout and is now consolidating around the 0.59200.
- Whether there is an upcoming BO on Aussie Dollar is still TBT, but odds slightly favor the bulls following the strong rally in the first half of April. Nevertheless, it has been trading in a trading range since April 21st and there are no confirmed breakout yet. Needs to be closely watched in the coming days!! If bulls manage to get consecutive strong bull bars, this could set the stage for an measured move up for at a minimum a test of the 0.66000 area (downside channel from Feb 2021 to Nov 2024 on the Monthly).
- The Bear reversal case is harder to argue for, as they only managed to get one strong bear bar (04th April), with no follow through selling, The market has been trading for longer on the upper bracket of the extending triangle which means the market participant agree more on higher prices. Stay tuned for further updates !! Peace.
Trianglebreak
Tesla - The Next 7 Days Decide Everything!Tesla ( NASDAQ:TSLA ) is sitting at a crucial structure:
Click chart above to see the detailed analysis👆🏻
Despite the -60% correction which we have been seeing over the past couple of months, Tesla still continuously validates its overall uptrend. That's exactly the reason for my strong bullish thesis and the assumption, that after we see bullish confirmation, Tesla will reject the current support area.
Levels to watch: $250, $400
Keep your long term vision,
Philip (BasicTrading)
Gold Triangle Pattern Breakdown? Bearish Setup in Play (XAU/USD)Gold (XAU/USD) has been trading within a tightening consolidation range over the past several sessions, characterized by lower highs and a horizontal support level. This behavior has resulted in the formation of a descending triangle, which is commonly interpreted as a bearish continuation pattern—especially when occurring in a downtrend.
Following a failed attempt to sustain above the $3,400 level, price action has steadily weakened, showing signs of bearish pressure. Recent structure breakdown below the triangle’s lower boundary suggests that the bulls are losing control, opening the door for a potential leg down.
🔍 Technical Structure Breakdown
📐 Triangle Pattern
Formation Type: Descending Triangle
Support Level: ~$3,245
Lower Highs Resistance: Downward sloping line, showing consistent bearish pressure.
Breakdown Confirmation : Clear move below triangle support, followed by a retest and rejection, confirming bearish momentum.
🔄 Key Support & Resistance
Resistance Zone: $3,300–$3,340
This area has acted as a supply zone, where sellers continue to overpower buying attempts. The price has failed multiple times to break above this region, creating a solid resistance cap.
Support Level (Previous Base of Triangle): $3,245
Price repeatedly bounced off this level before the final breakdown, making it a significant level for validation of the pattern.
Next Key Support/Target: $3,155
The projected move is derived by measuring the height of the triangle and subtracting it from the breakout point. This target also aligns with a previous demand zone, increasing its relevance.
➰ Black Curve Line (Dynamic Resistance)
This curved resistance line adds further technical weight to the downtrend. It’s a visual cue of how momentum is progressively shifting downward. The curve reflects a deceleration in bullish effort, a warning signal often preceding breakdowns.
⚙️ Trade Plan: Bearish Bias
Component Level
Entry Zone $3,265–$3,270 (retest of breakdown)
Stop Loss $3,317 (above triangle and curve line)
Take Profit $3,155
Risk-Reward Ratio : ~2.5:1 (based on entry near $3,270, SL $3,317, TP $3,155)
Setup Type : Breakdown + Retest (high-probability pattern continuation setup)
⚠️ Risk Management & Confirmation Factors
Confirmation Needed: A clean hourly candle close below the support zone, followed by rejection wicks on retest, strengthens the case for short entries.
Invalidation : A strong bullish break above $3,317 (stop level) invalidates this setup and could signal a reversal or false breakdown.
Volatility Note : Be mindful of macroeconomic events or FOMC-related headlines that may trigger increased volatility in precious metals.
📊 Conclusion & Trader Sentiment
The descending triangle in gold is a textbook example of consolidation under pressure. With sellers continuously pushing price into lower highs while buyers cling to horizontal support, the eventual outcome often favors the dominant trend—which in this case is bearish.
The current structure offers a clean technical setup for short traders with well-defined risk levels and a logical downside target. As always, ensure strict adherence to risk management principles and stay aware of market news that could impact gold volatility.
📌 Tag Ideas:
#XAUUSD #GoldAnalysis #TrianglePattern #BreakdownSetup #TechnicalAnalysis #PriceAction #BearishTrade #MetalsTrading #ShortSetup #ForexIdeas
Solana - Here Comes The Bullish Reversal!Solana ( CRYPTO:SOLUSD ) might head for new all time highs:
Click chart above to see the detailed analysis👆🏻
Just a couple of months ago, Solana perfectly retested the previous all time high and created an expected short term rejection. However, with the current major support area and a potential bullish reversal, Solana remains in a strong market, potentially heading for new all time highs.
Levels to watch: $120, $250
Keep your long term vision,
Philip (BasicTrading)
VINEUSDT Approaching Bullish BreakoutVINEUSDT Technical analysis update
VINE has formed a triangle pattern at the bottom, and the price is about to break the triangle resistance. The 100 and 200 EMA are also about to form a bullish crossover. A bullish confirmation will occur once the price breaks out of the triangle formation.
Xrp - Don't Underestimate The Bulls!Xrp ( CRYPTO:XRPUSD ) is bullish despite the recent drop:
Click chart above to see the detailed analysis👆🏻
Yes, we have been seeing a quite strong correction of about -50% on Xrp over the past couple of months. But no, this bullrun doesn't seem to be over yet but instead Xrp is creating a significant bullish break and retest formation. So if we get the bullish confirmation, we might see new highs.
Levels to watch: $1.8, $3.0
Keep your long term vision,
Philip (BasicTrading)
Tesla - This Is Actually Not Gambling!Tesla ( NASDAQ:TSLA ) still looks quite bullish:
Click chart above to see the detailed analysis👆🏻
Just a couple of weeks ago I published a bunch of analysis, explaining all the reasons for a potential -40% drop on Tesla. However on the higher timeframe, Tesla still looks quite strong and with the bullish break and retest playing out so far, we could even see new all time highs soon.
Levels to watch: $260, $400
Keep your long term vision,
Philip (BasicTrading)
SBICARDNSE:SBICARD
Note :
1. One should go long with a Stop Loss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Management and Risk Appetite.
Disclaimer :
>You are responsible for your profits and loss.
>The idea shared here is purely for Educational purpose.
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Triple Tap, Then Boom: ETH Breakout Brewing?We're looking at a classic ascending triangle setup on ETH. Price has tapped the resistance zone around $1676 three times already — the next attempt could lead to a breakout. Market structure is clean: higher lows with strong bullish momentum squeezing price toward the horizontal resistance.
This pattern usually ends with a strong impulse up, and considering the overall sentiment, this could be the beginning of a new local rally.
Entry: $1630-1650
SL: $1582
TP: $1820
Risk/Reward: 4.0
More thoughts in my profile @93balaclava
Personally I trade on a platform that offers low fees and strong execution. DM me if you're interested.
Tesla - There Is Hope For Bulls!Tesla ( NASDAQ:TSLA ) is just crashing recently:
Click chart above to see the detailed analysis👆🏻
After Tesla perfectly retested the previous all time high just a couple of weeks ago, we now witnessed a quite expected rejection of about -50%. However market structure remains still bullish and if we see some bullish confirmation, a substantial move higher will follow soon.
Levels to watch: $260, $400
Keep your long term vision!
Philip (BasicTrading)
XAUUSD – Bullish Breakout from Triangle | 3,090+ in SightGold (XAUUSD) has broken out of a symmetrical triangle consolidation on the 1H chart, signaling bullish continuation. With solid technical structure and momentum building, the path toward 3,093+ remains firmly in play.
📊 Technical Breakdown
1. Symmetrical Triangle Formation
Price coiled within a classic symmetrical triangle, forming higher lows and lower highs—typically a continuation pattern in trending markets.
A breakout has now occurred to the upside, confirming bullish bias.
2. Breakout Projection
The measured move from the triangle projects a 2.62% upside, targeting the 3,093 zone.
3. Clean Market Structure
Bullish impulse followed by healthy consolidation reflects market strength.
Expectation: Price will print higher highs and higher lows on its way to upper targets.
🎯 Bullish Targets
TP1: 3,047.652
TP2: 3,058.038
TP3: 3,093.957
These levels are based on recent structure highs and the measured move from the breakout.
📌 Trade Plan
Entry Idea: On triangle breakout retest or momentum continuation above 3,025
Stop Loss: Below triangle support (~3,000)
Risk-to-Reward: Favorable on breakout continuation setups
🔎 Confluences
✅ Symmetrical Triangle Breakout
✅ Strong Bullish Trend
✅ Measured Move & Clear Targets
✅ Consistent Market Structure
Gold bulls are stepping in with strength. As long as price holds above the breakout zone, expect further upside toward 3,090+.
Want a version with SL-to-BE logic or trailing TP adjustments? Just let me know!
My Technical Analysis for $TSLA (Tesla)📊 Technical Analysis: NASDAQ:TSLA (Tesla)
🗓️ Updated: March 24, 2025
🚨 Critical Zone Being Tested
After breaking out of a multi-year symmetrical triangle, NASDAQ:TSLA is now retesting the upper boundary of the pattern — perfectly aligned with the key ACTION ZONE (liquidity zone + long-term MAs).
🔵 ACTION ZONE ($245–265):
High-probability decision area. Holding this level could trigger a fresh bullish leg.
🟣 SWING BOX ($180–210):
If support fails, this is the next logical area for a potential bullish reaction.
🟡 FVG Daily ($75–115):
Unmitigated Fair Value Gap. Only relevant in case of a major breakdown.
📉 SMI (Stochastic Momentum Index):
Currently in negative territory, but nearing oversold — watch for a potential reversal.
🎯 Scenarios:
Bullish: Strong rejection from the Action Zone → potential move to $350–400 ✅
Bearish: Breakdown below the blue zone → eyes on Swing Box or FVG for reentry ⚠️
📌 Reminder: This is not financial advice. Always manage risk and wait for confirmation before entering a trade.
💬 What do you think? Is Tesla preparing for a bounce or heading lower?
👇 Share your thoughts in the comments!
NZD/CAD Triangle BreakoutThe NZD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.8268
2nd Resistance – 0.8301
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Bitcoin (BTC/USD) – Symmetrical Triangle Breakout or Breakdown?Bitcoin is currently consolidating inside a symmetrical triangle on the 1H timeframe, preparing for a strong move in either direction!
Key Levels to Watch:
📌 Breakout Target: $105,939 (+18%) 🚀
📌 Breakdown Target: $73,429 (-18%) ⚠️
📌 Resistance Zone: $92,000 (important breakout level)
📌 Support Zone: $84,000 (potential breakdown zone)
Technical Analysis:
🔹 BTC is forming a symmetrical triangle, which typically leads to a strong breakout or breakdown.
🔹 A breakout above $92,000 could send Bitcoin towards $105,939.
🔹 A breakdown below $84,000 could push BTC towards $73,429.
🔹 Confirmation with volume is key before entering a trade!
Trade Plan:
✅ Bullish Scenario: Buy above $92,000, target $105,939
❌ Bearish Scenario: Short below $84,000, target $73,429
🎯 Wait for a confirmed breakout or breakdown before entering a position.
Bitcoin is at a critical decision point—which way will it go? Let me know your thoughts in the comments! 🚀👇
Meta - The Breakout Is About To Be Confirmed!Meta ( NASDAQ:META ) is attempting the breakout:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months, we have been witnessing an incredible rally of about +750% on Meta. Looking at the long term reverse triangle pattern, this rally was not unexpected and such is the breakout. We still need to see confirmation, but then Meta will target the four digit level.
Levels to watch: $700, $1.000
Keep your long term vision,
Philip (BasicTrading)
Tesla - The Failed All Time High Breakout!Tesla ( NASDAQ:TSLA ) will reject the all time high first:
Click chart above to see the detailed analysis👆🏻
Tesla was actually not able to create a sustainable all time high breakout and if a stock doesn't move up, it will come down. However Tesla still remains absolutely bullish and is now starting to create a textbook break and retest which will eventually still lead to new all time highs.
Levels to watch: $400, $280
Keep your long term vision,
Philip (BasicTrading)
Gold (XAU/USD) Breakout Setup – Bullish Momentum Ahead?Overview:
A potential bullish breakout from a triangle pattern, signaling a continuation of the uptrend.
Key Technical Insights:
🔹 Triangle Formation Breakout
Gold price has been consolidating inside a symmetrical triangle, a common pattern before a breakout.
The price has just broken above the resistance, confirming a potential bullish move.
🔹 Support & Resistance Levels:
Support: Around 2,933 - 2,935 USD, acting as a retest zone after the breakout.
Resistance: Near 2,946 - 2,950 USD, the last hurdle before the next rally.
🔹 Target Projection:
Based on the triangle breakout measurement, a potential 3.75% move (110 USD) to around 3,044 USD is anticipated.
Trade Plan:
📌 Entry Strategy:
A retest of 2,935 USD could provide a better entry for confirmation.
Aggressive traders may enter immediately after breakout confirmation.
📌 Stop Loss:
Below 2,914 USD, invalidating the breakout structure.
📌 Take Profit Target:
Around 3,044 USD, aligning with the measured breakout target.
Final Thoughts:
✅ Breakout confirmed – waiting for retest to enter safely.
✅ Momentum and volume support bullish continuation.
✅ Caution if price falls below 2,914 USD, invalidating the pattern.
📈 Gold remains in an uptrend – monitor price action for confirmation! 🚀
Gold Price Analysis (1H Timeframe)Gold (XAU/USD) is currently trading inside an ascending channel, showing a bullish trend. However, a key trigger line at $2,936 will determine the next move.
🔹 Bullish Scenario:
If price stays above $2,936, we can expect a push toward $3,028 and potentially $3,085.
A breakout above $3,085 would confirm strong bullish momentum, targeting new highs.
🔻 Bearish Scenario:
A break below $2,936 could signal weakness, leading to a drop to $2,880.
If selling pressure continues, the next major support is at $2,803.
📌 Trading Plan:
🔸 Long Entry: If price holds above $2,936, with a target of $3,028 - $3,085.
🔸 Short Entry: If price breaks below $2,936, targeting $2,880 - $2,803.
🔸 Risk Management: Use stop-losses near key levels to minimize risk.
📊 Watch Volume & Price Action!
A breakout with strong volume confirms the trend direction.
Low volume means potential fakeouts—wait for confirmation before entering trades.
📢 What do you think? Share your views in the comments! 🚀
Descending TriangleAlthough this is the most bullish we've seen XRP, it's notorious for parabolic pump and dumps.
It's been hitting it's head on this red trend line for over a month.
With a recent break above $2.52, it's now using that price point as support. But now forming a descending triangle.
I would wait for either the white support line or red resistance line to break before making any trades.
MACD on 1D is going from bullish to neutral/bearish.
-JumpStartCrypto
XAUUSD - Gold H1 analysis and possible move! 2861!Gold is currently forming a symmetrical triangle pattern, indicating potential breakout opportunities. The price is near $2,915, trading between key support and resistance levels.
Key Levels:
🔹 Resistance Zone: $2,940 - $2,950
Price has rejected this level multiple times.
A breakout above this area could trigger a bullish move.
🔹 Support Trendline: $2,880 - $2,900
A key rising trendline providing support.
A break below could lead to a bearish move.
🔹 Major Support Zone: $2,861 - $2,865
If price reaches this level, buyers may step in.
A confirmed break below could accelerate selling pressure.
Potential Scenarios:
📉 Bearish Breakdown (Main Outlook):
1️⃣ Price consolidates within the triangle.
2️⃣ A break below the support trendline signals further downside.
3️⃣ Target: $2,861 - $2,865 support zone.
4️⃣ If this level breaks, expect a deeper drop.
📈 Bullish Breakout Alternative:
If price breaks and holds above $2,940, expect bullish momentum.
Next Target: $2,960 - $2,970.
Trading Plan for Traders:
✅ Wait for a clear breakout before entering trades.
✅ Short below trendline support, targeting $2,861.
✅ Long above $2,940 with confirmation.
✅ Use stop-loss to manage risk effectively.
It's a bit late...but not everything is lost!BINANCE:XRPUSDT
XRP has already broken a Symmetrical Triangle actually It's a bullish break so It leaves no doubts that It would Increase as much as the measured movement (AB=CD)👌
It's in the middle of the way,but we can still take some profit of it!
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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