Get started

Harmonic Patterns

NATURALGAS BREAKOUT WATCH: BULLISH MOMENTUM?📊 Natural Gas Detailed Analysis – 1HR Timeframe 📊 Pattern Formation & Breakout Potential: Natural Gas has been trading within a falling wedge pattern, a bullish reversal structure, indicating potential upside momentum. A breakout attempt is visible as the price is trying to sustain above the wedge resistance. Key Observations ✅ Resistance Zone: 343 - 345 (previous supply zone, acting as resistance) ✅ Support Zone: 330 - 335 (previous accumulation area) ✅ Volume Spike: Increased buying interest indicates strong demand near the lower levels. ✅ EMA (55): Currently acting as dynamic resistance near 342-343. A sustained breakout above this could trigger a further upside move. 🎯 Target Levels: First Target: 350 Second Target: 354 Extended Target: 360 (if momentum sustains) 🛑 Stop-Loss Strategy: Placing SL below 338 ensures a safe risk-reward ratio in case of a false breakout. A breakdown below 330 invalidates the bullish setup. If price breaks above the resistance zone and sustains with strong volume, it can trigger bullish momentum towards 350-354 levels. However, failure to hold above resistance can result in sideways consolidation or a pullback before the next leg of movement. Disclaimer: Traders should watch price action closely and wait for confirmation before entering positions. 📢 Stay alert for market developments and manage risk accordingly! 🚀🔥 #NaturalGas #TradingAnalysis #Breakout #CommodityTrading #MCX
MCX:NATURALGAS1!Long
by Shalvisharma5
1
Gold rebounds and continues to riseThe market opened with a big positive rise in the morning, and then it kept fluctuating sideways, and then gradually rose in the European session, showing an overall fluctuating upward pattern. For the current gold, this trend is in line with the technical market. On the one hand, the short trend fell sharply last week, and the market needs time to switch between long and short positions, not a linear fluctuation up and down. On the other hand, it takes energy to accumulate through fluctuations from rebound to upward trend, so the market will not strengthen all at once in the initial stage, and it will rise in stages. Therefore, for the time being, gold still maintains the idea of ​​rebounding. The slow rise in the European market may continue in the evening. Focus on the first-line pressure of 2885-2887, where there may be some pressure to fall back. The lower support is at 2870-2871.
OANDA:XAUUSDLong
by ej50ej50
NZDCAD BULLISH FOR 50PIPS1. Technical Analysis: Trend: Check if NZD/CAD is in an uptrend on the daily or 4-hour chart. Look for higher highs and higher lows. Support/Resistance: Identify key support levels where the price might bounce. A break above resistance could signal further bullish momentum. Indicators: Use tools like RSI (Relative Strength Index) to check for overbought/oversold conditions. A bullish divergence on RSI could indicate potential upward movement. Moving Averages: If the price is above key moving averages (e.g., 50 EMA or 200 EMA), it could support a bullish bias. 2. Fundamental Analysis: NZD Strength: Look for positive economic data from New Zealand (e.g., GDP, employment, or inflation data). Stronger NZD data could push the pair higher. CAD Weakness: Weaker oil prices (Canada is a major oil exporter) or dovish signals from the Bank of Canada (BoC) could weaken the CAD, supporting NZD/CAD upside. Risk Sentiment: NZD is a risk-sensitive currency. If global risk sentiment improves (e.g., rising equity markets), NZD/CAD could benefit.
Long
by LORDOFTHETRADERS
GBP/USD 15-Minute Chart: Bearish Reversal at Harmonic CompletionThe chart showcases a well-defined harmonic pattern, the Shark, with the price reaching the terminal zone at 1.2670 , marked by a red downward triangle. This suggests a potential reversal zone where selling pressure may emerge. Key observations: The price has reacted strongly at the completion point, aligning with Fibonacci extensions. Overbought conditions are evident in the RSI and other momentum indicators, indicating potential exhaustion of the bullish trend. Target levels: T1: 1.26241 T2: 1.25741 Suggests a possible downside move if the reversal confirms. Traders should watch for bearish confirmation before entering short positions, while bulls may seek a break above 1.2670 for further upside.
Short
by BeaucoupPips
What is the purpose of gold's sideways fluctuations?In the 4-hour level, after a bottoming rebound, the technical pattern began to gradually repair, and the K-line began to slowly stand on the short-term moving average. There may be a certain rebound space in the short-term trend, but the strength needs to be considered. There is no particularly obvious trend in the hourly level trend at present, and attention should be paid to the short-term adjustment and repair. Well, since the general bullish direction is confirmed to remain unchanged, the medium-term trend is also bullish. For trading, this week will be mainly long on declines. After the big rise at the opening of the morning session, it can be determined that the beginning of the week is a very strong trend, but it is prudent not to chase long. The support point below is near 2858. Long positions need to wait for a decline to this point for trading. The rise on the same day will be 2885, and it can continue to rise if it breaks. For today's short-term operation strategy for gold, it is recommended to do more on pullbacks and short on rebounds. The short-term focus on the upper side is the 2880-2890 line of resistance, and the short-term focus on the lower side is the 2855-2858 line of support. Short position strategy: Strategy 1: Short 20% of the position in batches near 2885-2888 in the early trading of gold, stop loss 8 points, target near 2875-2865, break to see 2855 line; Long position strategy: Strategy 2: Long 20% ​​of the position in batches near 2858-2860 when gold falls back, stop loss 8 points, target near 2870-2880, break to see 2890 line;
OANDA:XAUUSDLong
by ej50ej50
Solana Reverses Downtrend: Trump's View on Crypto and What Next.Solana Breaks Downtrend Line: Trump’s Crypto Stance and Key Resistance at $180 Solana has recently broken the downtrend line on its daily timeframe, which has garnered significant attention in the crypto market. This shift in momentum comes amidst former President Donald Trump’s comments on cryptocurrencies, where he named XRP, Solana, and Cardano as potential candidates for a U.S. crypto reserve. His statements have sparked renewed interest in these assets, pushing their value upward. Currently, Solana is facing resistance at the $180.00 level. For traders looking to enter a long position, it’s crucial to wait for a breakout above this key resistance. Confirming the breakout would require the price to close above the $180 level in a 4-hour timeframe. Until then, caution is advised, as the market continues to test this critical threshold. Traders should monitor the situation closely for any signs of a breakout or rejection at the $180 level. If Solana manages to close above this level, it could signal the next phase of its upward momentum, with potential for further gains. However, patience is essential to ensure the breakout is confirmed before entering any long positions.
Long
by Kartik_Elkunchwar
CHECK GBPJPY ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINThis chart shows a trading setup for the GBP/JPY currency pair on a 2-hour timeframe. Let’s break it down: Entry Point: Marked in the blue zone, suggesting a short (sell) position. Stop Loss: Set at 190.100, placed above the recent highs to minimize risk. Take Profit Levels: Take Profit 1: Around 189.400 Take Profit 2: Around 189.200 Last Target: Around 188.800 — the final goal for this trade, maximizing profit if the price continues to drop. The trader anticipates a price rejection at the entry zone, with expectations for a bearish move. Let me know if you want help analyzing the setup or adjusting the strategy!
Short
by Royalforexempire
NZD/JPY - Bulls are gearing up to push the price upHi guys ,we are looking into NZD/JPY today, a great follow up hence the price reached a very crucial Support Area, analysis made on 3H time frame. The NZD/JPY currency pair is showing signs of potential bullish momentum, indicating that a price increase may be on the horizon. Key Technical Indicators Suggest Upside Potential: Support Levels Holding Strong: The pair has approached a key support zone, historically acting as a strong demand area where buyers tend to step in. This suggests a possible price reversal to the upside. Oversold Conditions: Recent downward movements have pushed NZD/JPY into oversold territory on the RSI (Relative Strength Index), which often signals an upcoming reversal as traders look to capitalize on discounted prices. Bullish Divergence: A divergence between price action and momentum indicators, such as the MACD or RSI, suggests that selling pressure may be weakening and a bullish move could be imminent. Trendline Retest and Potential Breakout: The price is currently testing an important trendline, and a successful breakout above this level could signal a strong rally toward recent resistance zones. Fundamental Factors Favoring NZD Strength: Improving Risk Sentiment: As global market sentiment shifts toward risk-on assets, the New Zealand dollar (NZD) tends to benefit due to its correlation with commodity prices and risk appetite. Interest Rate Differentials: If New Zealand maintains relatively higher interest rates compared to Japan’s ultra-loose monetary policy, the carry trade appeal for NZD/JPY remains strong, supporting long-term upside potential. Entry: 84.550 Target 1: 85.450 Target 2: 86.200 SL: would be below the support area 83.300
Long
by DG55Capital
GBPUSD FUNDAMENTALS AND TECHNICAL ANALYSISGBPUSD is currently trading at 1.265, showing strong bullish momentum as it finds solid support at this level. The gradual increase in trading volume indicates growing interest from buyers, suggesting that the pair is gaining strength for a potential move toward the 1.288 target. If this support level holds, we could see further bullish continuation in the coming sessions. From a technical perspective, GBPUSD is respecting key support, with increasing volume confirming buyer interest. A break above minor resistance levels could further accelerate the uptrend, providing a clear path toward 1.288. If price action remains above 1.260, it will reinforce the bullish outlook, while traders should watch for any pullbacks as potential buying opportunities. Fundamentally, GBPUSD's strength is influenced by a softer US dollar as expectations around the Federal Reserve’s rate policy shift. Any dovish signals from the Fed or weaker US economic data could push the dollar lower, giving GBP an advantage. Additionally, positive UK economic indicators or a hawkish stance from the Bank of England could further support the pair’s bullish momentum. In summary, GBPUSD is holding strong support with increasing volume, signaling potential upside toward 1.288. If this bullish momentum sustains, traders could capitalize on the breakout, with confirmation needed through technical signals and macroeconomic developments. Keep an eye on resistance levels and market sentiment for further validation.
Long
by AndrewsMarket-Mastery
1
GBPJPY BUY TRADE SIGNALCurrent Price: 190.504 TO J O I N. S I G N A L. G R O U P + 9. 2 3 1 0 5 3 9 6 7 3 1 W H A T S A P P Technical Analysis: ✅ Breakout & Entry Zone: Price has broken out of a consolidation zone and is now moving upwards. A bullish entry zone is visible between 190.175 - 190.504, indicating a potential buying opportunity. ✅ Take Profit & Stop Loss: Take Profit (TP): 192.022 - 192.782, which is a strong resistance zone. Stop Loss (SL): 189.562, to minimize risk if the price reverses. ✅ Bullish Breakout Confirmation: Bulls have successfully broken the 190.175 resistance zone, and if the price holds above this level, further upside movement is likely. ✅ Potential Movement: If price remains above 190.500, it may reach 192.000 - 192.782. A drop below 189.562 could push the price down to the 188.275 support level. Final Verdict: This setup looks bullish, favoring buyers targeting TP at 192.022. However, a break below 189.562 could shift momentum towards a bearish scenario. 🚀 Buyers are in control, but always use a stop loss!
Long
by naumanfx_