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EUR/USD: Bull Flag Breakout Could Trigger Move Toward 1.20FX markets continue trading with a “glass-half-full” mentality despite growing stagflation risks, sticky inflation, and geopolitical uncertainty stemming from the Gulf. While the US dollar may stay supported in the short term as markets price a more hawkish Fed, the bigger picture still points toward eventual dollar weakness later this year as growth slows and rate cuts come back into focus. Technically, EUR/USD is consolidating inside a descending bull flag following its impulsive rally earlier this year. Price is currently testing the lower boundary of the structure while maintaining the broader bullish trend. A confirmed breakout above the flag could open the door for a move toward the 1.20 region, which is significant for several reasons: • Major psychological resistance • 100% Fibonacci extension target • Key horizontal resistance zone from prior market structure Near term, EUR/USD could still revisit the 1.15 area if US inflation surprises higher again, but structurally the setup still favors upside continuation later this year. With the ECB expected to remain relatively firm and markets eventually pricing Fed cuts into year-end, EUR/USD may be positioning for a larger macro breakout. Key Levels: * Support: 1.15 / 1.16 * Resistance: 1.1827 / 1.20 * Bullish Target: 1.2046 (100% Fib Extension) The next major move likely comes on a break of the current flag structure.
by Alchemy Markets
CRYPTO MARKET BREAKDOWN: BEARISH or BULLISH?Scenario A — Liquidity grab at 83K first: Price pushes up, sweeps the liquidity resting at 83K, traps the late longs, then reverses hard to the downside. 60K is the first major target, 50K is the deeper target. Scenario B — Drop from here: Weekly close below current levels without the 83K sweep. Downside begins immediately with the same targets. THE DCA OPPORTUNITY If we do reach 50–60K, this could be one of the most significant long-term accumulation opportunities of this cycle. I cover exactly where I'd be looking to build a position.
BITSTAMP:BTCUSDShort
by Trader-Alchemist
MU 1H — Bull Flag Consolidation with Potential Breakout SetupMicron Technology is currently consolidating inside a clean bull flag on the 1-hour chart after a strong impulsive move higher. Technical Overview Strong bullish expansion leg from the mid-$740s to the $817 area. Price is now retracing in a controlled descending channel. Multiple Fibonacci retracement levels are acting as support. The 0.618 Fib near $796.50 and 0.786 Fib near $790.77 are key areas to watch. Buyers continue stepping in, suggesting this is a healthy pause rather than a reversal. Trade Idea Bullish Scenario Watch for support to hold between $790–$796. Confirmation comes on a breakout above the flag resistance around $803–$805. Initial upside target: $830, which aligns with prior resistance and measured move potential. Invalidation A decisive breakdown below $790 would weaken the setup and could lead to further downside. Why This Setup Matters Bull flags are continuation patterns that often occur when institutions take profits while stronger hands absorb supply before the next leg higher. As long as MU remains above key Fib support, the trend structure remains constructive. Trading Plan Aggressive Entry: Near support in the $790–$796 zone. Conservative Entry: Break and close above flag resistance. Target: $830+ Stop: Below $790, depending on your risk tolerance. My Read The broader trend remains bullish, and this pullback appears orderly. If momentum returns and price clears resistance, MU could make another strong push higher. Disclaimer: This is for educational purposes only and not financial advice. Always manage risk and use a stop-loss.
NASDAQ:MULong
by scottzilla
Bitcoin - avoid at all cost! Buy altcoins instead (+50% to 500%)Don't buy Bitcoin for a +1% or +2% profit, instead buy altcoins for a +50% to 500% profit (depends on the market cap). In this analysis I will tell you which altcoins to buy and why! First, let's look at technical analysis on Bitcoin on the daily chart. On the LOG scale we see an ascending channel or a bearish flag pattern, this is by definition a bearish price action. Usually you definitely don't want to buy or go long at the resistance of the channel - that's a technical error. If you believe the market is bearish, first wait for a strong breakout to 90k, and then wait for a retest of the channel, this is how experts trade breakouts. In this case the price is inside the channel, so there is a huge selling wall above the current price. There is still a possibility of going a little bit higher to 83k - 84k, but at this point the best option is to open a short position. We never short a resistance. Bitcoin Dominance (BTCDOMUSDT.P) is bearish, which is a strong sign of an alt season. We see that the price is currently wanting to retest the main channel's support trendline: So, what altcoins can you buy? If you want to trade with huge banks and institutions because they control the price of these coins, go for ADA, TRX, LINK, DOGE, BNB, XLM, XRP, and ETH. These are the bank's coins. Avoid Bitcoin because of BTC.D (Bitcoin Dominance) is falling, and this coin already pumped in recent months (a little bit). If you want much more profit, then you can go with trading futures or trading small caps. If you want to know the technical analysis and potential of your altcoins, now you have a chance! Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!
BINANCE:BTCUSDT
by Xanrox
133
BTCUSD | Bitcoin Testing Channel Resistance – Inflection Point?Bitcoin is approaching a key technical area after an extended recovery from the February lows, with price now pressing into the upper boundary of a rising channel structure. In this video, I break down the broader market context, the significance of the current positioning, and the scenarios worth watching as momentum begins to slow near resistance. We’ll also look at how this structure compares to previous price behaviour, what could confirm continuation, and what signs may suggest a deeper retracement is developing instead. The current zone could prove important for determining whether Bitcoin still has room to extend higher, or whether volatility is about to pick up again.
COINBASE:BTCUSD
by Alchemy Markets
MarketBreakdown | EURUSD, USDJPY, USDCAD, EURAUD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 The pair is stuck within a narrow horizontal range. We see a strong bearish momentum after the release of US CPI today. A breakout of the underlined blue support and a daily candle close below that will provide a strong selling signal. 2️⃣ #USDJPY daily time frame 🇺🇸🇯🇵 The price is going to test a major daily resistance soon. With a high probability, it is going to get broken. A daily candle close above will confirm a breakout. Another wave up will be expected then. 3️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 The price is currently breaking a key daily horizontal resistance. If today's daily candle closes above that, it will open a potential for more growth. 4️⃣ #EURAUD 4h time frame 🇪🇺🇦🇺 The pair is trading in a downtrend. I see a bearish flag pattern and a breakout attempt of its support line. A 4h candle close below that will provide a strong signal to sell. Do you agree with my market breakdown? ❤️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.
Short
by VasilyTrader
3
6R on ETH last week. And I'm not done yet.Last week I kept it simple – and simple worked. ETH does something most crypto assets don't: it respects Price Action and Order Blocks with remarkable consistency. You don't need a complex system. What you need is a clear swing structure, a narrative, high quality Order Blocks and disciplined risk management. That's the entire framework. I don't claim a 100% win rate. I accept losses. What I don't accept is missing the management of an opportunity. Setup 1 ✔️ Strong reaction from the bullish OB at $2,266 straight into the bearish OB at $2,368. Clean, structured, no noise. That was a 6R trade. Setup 2 🔄 Opened tonight with a strong initial reaction. I want to see lower prices from here and I'm holding my SL as planned – even if it costs me 1R. Protecting the setup is more important than protecting the feeling. Currently I'm watching a flag formation. I'd love to get long at the very bottom of it. More updates to follow. Trade your plan. I share mine.
BINGX:ETHUSDT.PShort
by NickBrief
1
IREN - Weekly breakout! Textbook FlagWe just had a weekly breakout of a massive bull flag on IREN. Along with the flag pattern, we had a double bottom ‘W’ type consolidation within the bull flag (bullish formation). Measured move is putting this a little north of $91. With this being on the weekly chart, I like the July 17th calls. Will look for the $73 strike, as I’d like to at least capture that move to the top of the flag, and if we reject there and try to put in a double top; I can exit with profit there. $91 is the homerun price target! God bless and happy trading!
NASDAQ:IRENLong
by rolltidetitletown18
BULLISH FLAG IN NLC INDIA-- EDUCATIONAL PURPOSEUp move is seen from 66 to 301 (Apr 2023 to July 2024) (356%) in 15 months. After that stock entered consolidation zone and flag breakout is seen in April 2026. Flag is continuation pattern. Stock has sustained above the cloth of the flag and breakout is confirmed. Long position can be initiated on correction till 290. We expect the rally to continue and extend till 475. TARGET : 475 (64%) (FLAG PATTERN TARGET) TARGET : 533 (FIBO) (84%) STOPLOSS : 222 ON WEEKLY CLOSING BASIS (-23.5%) RR RATIO: 1:2.7 TIME HORIZON : 24 -30 MONTHS ONLY FOR INVESTMENT PURPOSE, NOT FOR SHORT TERM
NSE:NLCINDIALong
by mgvirus1
EUR/USD 4H Super analysisIn this article from CollegePips, we provide a comprehensive and specialized analysis of the EUR/USD currency pair from both technical and fundamental perspectives on May 7, 2026. During today’s European trading session, mixed economic data were released. German Factory Orders came in significantly stronger than expected with a 5.0% increase, while France’s Trade Balance recorded a larger deficit. The primary focus for traders during the New York session will be on the release of U.S. Unemployment Claims data, along with a series of speeches by Federal Reserve (FOMC) members. These events have strong potential to generate volatility in the U.S. Dollar Index (DXY) and influence the next directional move of EUR/USD. In the following sections, we will review today’s economic calendar and then dissect key levels and market structure through technical analysis. Economic Calendar (Ordibehesht 17, 1405 – May 7) In the table below, today’s fundamental events are translated and categorized based on the provided image. The data released so far have also been compared with both forecasted and previous values. Economic Calendar (Ordibehesht 17, 1405 – May 7) From a fundamental perspective, the most important event for EUR/USD today is the release of U.S. Unemployment Claims, scheduled for 16:00 Tehran time. Technical Analysis of EUR/USD – 4H Timeframe (Structure) and 15M Timeframe (Trigger) EUR/USD 4H Chart – May 7, 2026 View the full chart on TradingView: On the 4‑hour timeframe, EUR/USD has formed three consecutive higher highs, each reacting to the phase resistance area around 1.17503. Some traders might mistakenly interpret this sequence as a Three Drives pattern, but this is not correct. One of the key conditions of the Three Drives pattern—the origin of Drive 1 remaining unviolated—has not been satisfied. Therefore, this structure cannot be classified as a Three Drives pattern. At this stage, we previously observed a strong bullish leg, followed by a correction (pullback). According to the Cyber Trading Mentorship methodology, we expected the correction to reach at least one ATR, which indeed occurred. Given that the ATR on the 4‑hour timeframe is 25 pips, and the reversal candle closed below 36 pips, the first condition for confirming a pivot has been met. In other brokers’ price feeds, this movement might appear slightly different, and you may observe it as a conditional (exceptional) pivot. Now we need to evaluate another condition discussed during the May workshop sessions: the penetration or engulfing of the next structural node ahead. On the trigger timeframe, the bullish leg had a node at 1.17566, which has now been successfully engulfed by the corrective (bearish) candle. So far, all conditions required for the formation of a pivot setup are in place. This means we expect the price to reach the FTC node area within the box between 1.17970 and 1.17732, as well as the zero‑trigger level of the candle located at 1.17845, and then potentially initiate a bearish reversal from that zone. We also have another confirmation supporting a bearish move. Can you guess what it is? Exactly. The high that served as the origin of the previous bearish move has been engulfed, which indicates the formation of a continuation TM (also known as QM) pattern. This strengthens the expectation for further downside movement. However, there is one invalidating factor to consider. This does not invalidate the overall bearish outlook, but it invalidates the FTC zone. The issue is that our primary resistance zone lies slightly higher, between 1.18127 and 1.18319. Therefore, it is entirely possible for the current 4H pivot to be broken, allowing price to reach the main resistance zone—also the primary phase of the move—before initiating its bearish movement. There is another important observation: A spike pattern has formed, and all of its nodes are clearly visible. However, none of these nodes have been violated (engulfed) yet. Probable Scenario (Setup) If the price enters the supply zone between 1.17970 and 1.17732, we will not enter a trade immediately. Instead, we wait for confirmation on the 15‑minute timeframe in the form of a bearish reversal pattern or confirmations such as: CHoCH (Change of Character) Trigger line break Three Drives pattern QM pattern Pivot formation Upon confirmation, a sell position becomes valid with a stop loss above the FTC zone and take‑profit targets placed at the sell‑side liquidity pools (SSL) located at: 1.16771 1.16556 1.16276 Analysis Invalidation Conditions As mentioned earlier, because our main resistance zone is located above the current pivot, the probability of price reaching higher levels remains considerable. However, since we are observing a spike followed by compression (discussed in Session 7 of the May Cyber Trading free workshop), we can expect price reactions at its nodes. If the Base Area node above the spike is violated, we can target the main resistance zone. If the Base Spike node is violated, we can target the lower price zones. In this analysis, I attempted to explain the complex concepts of our proprietary hybrid trigger‑based trading methodology in a simple and understandable way. If you found this analysis helpful, feel free to share its link with your fellow trader friends. And remember: there are no guarantees in the financial markets. The risk and outcome of any trade remain entirely your own responsibility.
Short
by collegepips