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Harmonic Patterns

AUDUSD – bullish momentum returns, ready for a breakout?AUDUSD is showing clear strength after rebounding from a key support zone. The bullish structure remains intact with a series of higher lows, and the ascending trendline continues to hold. The recent pullback appears to be a healthy retracement before the market gathers momentum for the next leg up. On the news front, the pair is supported by strong Australian employment data and expectations that the Federal Reserve will keep interest rates steady. This has slightly weakened the US dollar, giving AUD room to recover. If buying pressure holds, AUDUSD could break through the overhead resistance and enter a new bullish phase. Now is the time for traders to watch price action closely and wait for a clear confirmation signal!
Long
by Rocky_trade_
USDCAD SELLUSD/CAD retakes 1.3700, eyes multi-week top amid a broadly firmer USD The USD/CAD pair attracts some dip-buying during the Asian session on Thursday and climbs further beyond the 1.3700 mark amid a broadly firmer US Dollar. Spot prices have now reversed the previous day's retracement slide from a three-week high and seem poised to appreciate further The year will be politically marked by Trump’s return to the White House. A Republican government is seen as positive for financial markets, but Trump’s pledge to cut taxes and impose tariffs on foreign goods and services may introduce uncertainty to both the political and economic landscape. Canada’s political crisis peaked in late 2024 with a no-confidence vote against Prime Minister Justin Trudeau, leading to snap elections and a weakened Liberal minority government. Policy uncertainty and economic challenges dominate 2025’s outlook, raising concerns over market stability and investor confidence. The BoC is set to continue easing interest rates through 2025, at least at a faster pace than the Fed is expected to, which could apply pressure on CAD’s already-rising rate differentia TP 1 1.37214 TP 2 1.37095 TP 3 1.36987 RESISTANCE 1.37413
Short
by Mark804
GBPUSD BUYGBP/USD rises to near 1.3450 due to improved market sentiment, UoM Consumer Sentiment eyed GBP/USD gains ground after registering small losses in the previous session, trading around 1.3440 during the Asian hours on Friday. The pair appreciates as the US Dollar edges lower due to dovish remarks from the Federal Reserve officials. The Relative Strength Index (RSI) indicator on the 4-hour chart stays below 40, reflecting bearish conditions for GBP/USD. The Fibonacci 61.8% retracement level of the latest uptrend seems to have formed a pivot level at 1.3400. In case GBP/USD fails to stabilize above 1.3400, technical sellers could remain interested. In this scenario, 1.3300 (Fibonacci 78.6% retracement) and 1.3275 (100-day Simple Moving Average) could be seen as next support levels. On the upside, resistance levels could be spotted at 1.3470 (Fibonacci 50% retracement), 1.3500 (static level, round level) and 1.3540 (Fibonacci 38.2% retracement). TP 1 1.34403 TP 2 1.34859 TP 3 1.35407 RESISTANCE 1.33627
Short
by Mark804
Silver Rebounds Toward $38 as Dollar EasesSilver rebounded toward $38 per ounce on Friday, recovering from a two-day decline as the U.S. dollar and Treasury yields eased. The move reflected shifting sentiment on Fed policy and trade conditions after earlier losses sparked by inflation data that reduced hopes for near-term rate cuts. U.S. stock futures edged higher following record closes for the S&P 500 and Nasdaq, driven by strong retail sales, lower jobless claims, and optimism in AI-related tech stocks after Taiwan Semiconductor’s positive forecast. On monetary policy, Fed officials remain divided: Mary Daly expects two rate cuts this year, while Adriana Kugler urges caution due to tariff-driven inflation. President Trump reinforced trade tensions by sending letters to over 20 partners setting new tariffs between 20% and 40%. In corporate updates, United Airlines expects stronger earnings in the second half of 2025, and Chevron signaled higher future cash flow as production in its top U.S. oil field nears a plateau. Resistance is at 38.50, while support holds at 37.20.
TVC:SILVER
by ChartMage
Yen Rebounds as Japan Inflation Stays ElevatedThe yen rose to around 148 per dollar on Friday, recovering from the previous day’s decline as markets assessed fresh inflation figures. Japan’s inflation eased slightly to 3.3% in June from 3.5% in May but remained above the Bank of Japan’s 2% target for the 39th straight month. This persistent overshoot has intensified speculation about possible policy tightening by the central bank. Resistance is at 149.30, with major support at 147.50.
by ChartMage
Pound Pressured by Firm Dollar and UK Data ReviewThe British pound held near $1.339 on Friday, its lowest level in eight weeks, as the U.S. dollar strengthened. The dollar reached a three-week high after President Trump confirmed he would not remove Fed Chair Jerome Powell, despite continued criticism of the Fed’s careful stance on rate cuts. In the UK, markets are closely reviewing recent employment and inflation data. While the labor market shows signs of weakness, updated tax records suggest the slowdown may not be as severe as previously thought. Resistance is at 1.3535, while support holds at 1.3380.
by ChartMage
EUR/USD Drops to $1.16 Amid Strong U.S. DataThe euro declined to $1.16 on Thursday, reaching its lowest level in almost a month as the U.S. dollar regained strength. The dollar’s rise followed solid U.S. inflation data and President Trump’s comments suggesting he will keep Fed Chair Jerome Powell in place, reducing expectations for near-term Fed rate cuts. Meanwhile, markets continued to monitor U.S.-EU trade negotiations ahead of the August 1 deadline. Resistance for the pair is at 1.1670, while support is at 1.1580.
by ChartMage
GBPUSD / British Pound – US Dollar (1D) – ABC Bullish Pattern (R Hello awesome traders! 👋 Hope you’ve collected some good pips this week — I’m closing out with one more chart for your weekend review. Let’s take a look at this Daily ABC Bullish structure on Cable with precision symmetry and a strong technical reaction. 📌 Pattern Overview 🔹 A beautifully measured ABC Bullish corrective wave unfolding:  • A = 1.31392  • B = 1.37882  • C = 1.33645 🔹 Price has respected the PCZ (Potential Completion Zone) — aligned right on the 61.8% retracement of the AB leg 🔹 From the PCZ, price has started a reaction leg and is now working toward fib-based targets: 📍 TARGET 1 Zone  • 50% = 1.35736  • 61.8% = 1.36229 📍 TARGET 2 Zone  • 61.8% = 1.37566  • 78.6% = 1.38746 📈 What We’re Watching ✅ Bullish reaction off 1.336x zone confirms structure ✅ Price moving back toward mid-range fib levels ✅ We’re currently between PCZ and the first resistance shelf at 1.3500 🔸 Momentum confirmation needed above 1.3550 to lock in the push toward TP1 🧠 Key Concepts ✅ Textbook ABC symmetry ✅ PCZ anchored by 61.8% fib and prior structure ✅ Clear fib ladder: 50/61.8 → 61.8/78.6 ✅ Swing low invalidation: break below 1.33645 🗝 Final Thoughts It’s the kind of pattern that builds conviction without noise. Let price continue to unfold. We'll be collecting on TP1 first and reassessing next week for potential rotation toward TP2. “Patterns don’t predict – they prepare. Breakouts confirm the plan.” —Constantino DeLa. @tradechartpatternslikethepros.
Long
by TradeChartPatternsLikeThePros
Perfect Sync: V Reversal Meets Bull Flag Two clean and classic technical structures: ✅ V-Reversal Formation ✅ Bull Flag – still active and building pressure After a sharp reversal, the price entered a bullish continuation phase. Currently moving within the flag structure toward its upper edge. If we see a breakout to the upside, the move could match the flagpole length, which aligns well with the target from the V-reversal pattern. 📍 Bullish scenario remains valid as long as we stay within structure. 📉 Breakdown below $570 invalidates this setup. 🧠 Important Reminder: Enter only after a confirmed breakout. ✅ Apply strict risk management ✅ Never risk more than 1% of your capital on a single position. Everything’s clear. No noise. Just wait for confirmation — let the market come to you.
by TrendShot
XAUUSD ANALYSIS – JULY 18XAUUSD ANALYSIS – JULY 18: STRATEGY BASED ON FIBONACCI, TRENDLINE & STRUCTURE 1. XAUUSD Technical Overview (4H Chart) Gold (XAUUSD) is currently trading around 3,343 USD, showing signs of a slight rebound from key support. On the 4H timeframe, the price structure is forming higher lows, maintaining above a short-term rising trendline – a technically bullish signal. 2. Key Support & Resistance Zones Immediate Supports: 3,338 USD: aligning with the 0.618 Fibonacci retracement – a zone tested multiple times. 3,333 – 3,335 USD: strong support, overlapping with EMA and rising trendline. 3,327 USD: previous swing low – last defense for the bullish structure. Immediate Resistances: 3,345 – 3,346 USD: frequently rejected zone in recent sessions. 3,350 USD: psychological and technical resistance. 3,358 USD: recent swing high – breakout confirmation level. 3. Price Action & Fibonacci Confluence Price is currently hovering between Fibo 0.5 (3,343 USD) and Fibo 0.618 (3,338 USD) – a potential bounce zone if bullish momentum holds. The pullback from 3,358 to 3,286 has respected standard Fibonacci retracement levels, confirming technical price behavior. 4. Trendline Analysis The ascending trendline from the 3,275 USD low remains intact, providing solid dynamic support. If the price continues to bounce from this trendline, it may form a bullish continuation pattern (flag/pennant). 5. Suggested Trading Strategies Long Entry: 3,338 – 3,340 USD SL: 3,327 USD TP: 3,345 – 3,350 – 3,358 USD Note: Buying the dip near Fib & trendline Short Entry: Below 3,327 USD (breakdown) SL: Above 3,340 USD TP: 3,310 – 3,298 USD Notes: Only if price breaks trendline & support 6. Supporting Technical Indicators EMA20/EMA50 show slight upward momentum – early bullish bias. RSI (14) hovers near 50 – neutral zone, awaiting breakout confirmation. Conclusion: Gold is consolidating around a critical support zone. The short-term bias leans bullish if the 3,338 – 3,333 USD region holds and price breaks above 3,346 – 3,350 USD. This is a key moment to position early using Fibonacci and trendline confluence. 👉 Follow for more strategies in upcoming sessions. Save this if you find it useful! Do you have a different view? Share your thoughts in the comments below!
FX:XAUUSD
by Henrybillion
1
HEAD & SHOULDER PATTERN SPOTTED IN EUR/CADHead & Shoulder Pattern Spotted in EUR/CAD – Bearish Trend Expected The EUR/CAD pair has recently formed a Head & Shoulder (H&S) pattern, a classic reversal signal that often indicates a shift from an uptrend to a downtrend. This pattern, combined with the formation of lower lows, suggests increasing bearish momentum in the market. Current Market Structure Price action has been moving within a secondary (corrective) trend, which appears to be nearing its end. Once this phase completes, sellers are expected to regain control, pushing the pair downward. The recent lower lows reinforce the weakening bullish sentiment, increasing the likelihood of a bearish continuation. Key Levels to Watch - Resistance Level (1.61100): This level is critical for sellers. If price approaches this zone and gets rejected, it could confirm the bearish outlook and trigger a downward move. - Support/Target (1.58000): If the bearish momentum strengthens, the pair could decline toward 1.58000, aligning with the measured move of the H&S pattern. Conclusion With the Head & Shoulder pattern and lower lows in place, EUR/CAD is showing signs of an impending bearish move. Traders should watch 1.61100 for resistance and 1.58000 as a potential downside target. A confirmed breakdown could present a strong selling opportunity in the coming sessions.
Short
by Brillant_Capital
EURJPY / Euro – Japanese Yen (2H) – Bullish Structure Rebuilding Hello awesome traders! 👋 Wrapping up the week with one more setup review — this one’s moving step by step, and now testing a critical level. Let's break it down. 📌 Pattern Breakdown We had a clean multi-leg impulse and harmonic rotation: 🔹 D-leg reversal formed at 170.809, right inside the PCZ 🔹 Strong rally into the 23.6% fib zone (172.895) 🔹 Partial profits were taken at that first resistance 🔹 Price is now testing that same level as resistance turned support (R→S) This is the decision point — a confirmed hold above 172.89 signals potential continuation toward TP1. 🎯 Targets Ahead 📍 TP1 Zone:  • 78.6% = 173.694  • 100% = 174.215 💡 But first — 23.6% is the gate. If it holds as new support, momentum should carry this back into the higher fibs. 🧠 What to Watch ✅ Structure respected from PCZ ✅ Partial taken on first reaction 🟡 Now watching reaction at 23% for direction:  • 🔼 Break + hold → continuation toward TP1  • 🔽 Failure + breakdown → reversion back into PCZ 🗝 Final Thoughts This is how measured setups evolve — from structure → to reaction → to resolution. You’ve got the edge — now it’s about letting price show the hand. “The 23% isn’t just a pullback — it’s a pressure point. Hold it, and the next move builds.”
by TradeChartPatternsLikeThePros
GBP/JPY H1 | Bullish uptrend to extend higher?GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 199.42 which is a pullback support. Stop loss is at 199.08 which is a level that lies underneath a swing-low support and the 23.6% Fibonacci retracement. Take profit is at 199.79 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
Lido DAO ($LDO) Potential Breakout Analysis LDO has been in a lLido DAO ( MIL:LDO ) Potential Breakout Analysis LDO has been in a long accumulation range btw $0.60 – $0.90 since 2023. Every revisit to this zone has attracted strong buying, confirming it as a powerful demand base. 🔸 Breakout Confirmation Above $1.22: A weekly close above $1.22 will break LDO out of its long-term range and signal the beginning of a new bullish phase. The 50-week MA is also near this level, making it a key breakout trigger. 🔸 BlackRock ETH Staking Catalyst: BlackRock has officially filed to include ETH staking in its Ethereum ETF. And when it comes to ETH staking… it mainly happens through Lido DAO ( MIL:LDO ). With institutional adoption coming in, it's expected that 70–80% of all ETH staking will eventually route through LDO. This would massively boost Lido's dominance and TVL – a direct bullish driver for MIL:LDO price. 🔸 Upside Target: Once $1.22 is broken, short-term resistances lie at $2.00 and $3.50 – but with this level of institutional narrative, $5.00+ is on the table in the coming months. 🔸 Risk Level at $0.60: Below $0.60, the bullish structure breaks down. Keep this as your final invalidation point. 🔸 Accumulation between $0.65 – $0.90 remains ideal Confirm breakout with close above $1.22 Ride the wave as institutions pour into ETH staking Trail stops and book profits near $2.00 / $3.50 / $5.00 💡 Pro Tip: Institutional flows + staking demand = long-term LDO rocket fuel.
COINBASE:LDOUSDLong
by CryptoSkullSignal
RECTANGLE CHANNELHello awesome traders! 👋 Hope you’ve managed to grab some solid pips from the markets this week. As we head into the weekend, I’m wrapping things up by dropping a few clean chart setups for you to review and reflect on. Enjoy the weekend, recharge well — and I’ll see you sharp and ready next week for more structure-led opportunities. 📌 Pattern Breakdown We’ve been tracking a developing rectangle channel between 197.94 (support) and 199.74 (resistance): 🔹 Price formed a clear 4-leg compression 🔹 CD leg bounced off lower support near 197.96 🔹 We’re now approaching the upper edge of the channel at 199.74 🔹 Compression structure suggests breakout potential is building 🚨 Breakout Setup in Focus 🔸 A breakout above 199.75 opens the door toward: ✅ Target 1 Zone:  • 1.5 extension = 200.76 ✅ Target 2 Zone:  • 2.0 extension = 201.69 📌 Flip-side: A failed breakout and close back below 197.94 would shift structure toward: 🔻 Bearish Breakdown Targets:  • 1.5 = 197.02  • 2.0 = 196.09  • 2.618 = 194.94 We stay flexible — trade the breakout, not the anticipation. 🧠 Key Concepts in Play ✅ Rectangle consolidation ✅ Breakout-ready structure ✅ Defined upper/lower breakout levels ✅ Volume and reaction at edges = trigger 🗝 Final Thoughts GBPJPY is boxed in tight — but momentum is clearly leaning bullish. If we get that clean break above 199.75 with confirmation (volume, close, continuation), the 200.76+ range is firmly in sight. No breakout? No problem — structure has a plan either way. “Boxes don’t trap the market — they build the tension. Breakouts reward the patient.”
Long
by TradeChartPatternsLikeThePros
SYMMETRYHello awesome traders! 👋 Hope you’ve managed to grab some solid pips from the markets this week. As we head into the weekend, I’m wrapping things up by dropping a few clean chart setups for you to review and reflect on. Enjoy the weekend, recharge well — and I’ll see you sharp and ready next week for more structure-led opportunities. 📌 Pattern Breakdown We had a beautiful AB=CD symmetry setup, with a slight twist: 🔹 AB = CD structure extended slightly beyond traditional symmetry 🔹 CD stretched into the 127.2% fib projection — a known trap zone 🔹 Price tagged 95.980 and reacted with strong bullish momentum from the PCZ (95.98–95.58) 🔹 This zone also aligned with 161.8% fib extension support = strong confluence 🎯 Target Structure Following the rejection, price is now rotating upward, moving toward: ✅ Target 1:  • 23.6% = 97.16  • 61.8% = 97.972 📍 Partial TP booked at 23.6% 🧭 Watching price behavior here before deciding whether to continue toward… 🔄 Target 2 Zone:  • 78.6% = 98.508 🧠 Key Concepts in Play ✅ AB=CD symmetry extended to 127.2% ✅ Valid PCZ rejection from confluence zone ✅ Partial profit taken at TP1 ✅ Measured continuation play in motion ✅ Structure-led management with clear invalidation 🗝 Final Thoughts AUDJPY gave us a clean extended symmetry rejection — and now we’re in the follow-through phase. The reaction off the 127% extension shows that even stretched patterns can hold when structure aligns. We’ve locked some gains at the 23.6% zone and will let the rest play out or reassess early next week depending on price behavior around the 61.8% mark. “Even when symmetry stretches — the reaction reveals the conviction.”
Long
by TradeChartPatternsLikeThePros