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Harmonic Patterns

EURUSDHello, traders Trend Overview: The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a sideways consolidation (coiling price action) possibly triggering a corrective pullback towards a newly formed support zone, previously a resistance level. Key Levels to Watch: Support Levels: 1.1240 – Previous resistance turned support, key level for potential bounce. 1.1144 – Secondary support level if 1.1240 fails. 1.1000 and 1.0890 – Stronger support in case of extended retracement. Resistance Levels: 1.1475 – Initial resistance level on the upside. 1.1595 – Next target if bullish momentum continues. 1.1700 and 1.1830 – Long-term resistance and key breakout point. Market Sentiment & Price Action: The recent corrective pullback aligns with normal market fluctuations within an uptrend. A bullish bounce from the 1.1240 support level could trigger an upside move, targeting the 1.1475 resistance level and potentially extending towards 1.1595 and 1.1700 – 1.1830 over a longer timeframe. Alternatively, a confirmed loss of the 1.1240 support, accompanied by a daily close below this level, would weaken the bullish outlook. This could lead to further downside pressure, potentially testing the 1.1144 level, with an extended decline towards 1.1000 and 1.0890 if selling pressure intensifies. Conclusion: The EUR/USD pair remains in a bullish structure as long as the 1.1240 support holds. A successful bounce from this level would reinforce the uptrend, targeting higher resistance zones. However, a decisive break below 1.1240 and a daily close under this level could shift sentiment bearish, leading to further downside retracement.
by JuliaKathleen
1
Gold short position wins streak, waiting to continue shortingThe 1-hour moving average of gold continues to turn downward. If a downward dead cross pattern is formed, then there is still room for gold bears to fall. Gold is under pressure to fall near the resistance line of 3340. Gold's current rebound is not very strong. Although it seems to rebound a lot every time, that is because the market volatility has increased. Gold is still a bearish trend in the short term, and the rebound continues to be bearish. Trading ideas: short gold near 3338, stop loss 3350, target 3318
TVC:GOLDShort
by Fortune-signal
EURUSDHello Traders! 👋 What are your thoughts on EURUSD? After a strong bullish rally that led to a breakout above the 1.12 resistance zone, EURUSD is now undergoing a correction. We expect the price to pull back toward the identified support zone, where it may find demand and begin a new bullish wave. As long as the price holds above the specified support zone and the ascending trendline, our outlook remains bullish. A successful retest of support could pave the way for the next leg higher. Will the pullback offer a buying opportunity, or is a deeper correction ahead? Share your thoughts below! Don’t forget to like and share your thoughts in the comments! ❤️
Long
by HAMED_AZ
14
BTCUSDT Analysis – Breakout and Key Zones!!Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyse BTC on the daily timeframe: Bitcoin has broken out from its falling wedge pattern, signaling a strong shift in momentum from bearish to bullish. Key Observations: Breakout Confirmation: Price broke above the wedge with solid bullish candles, showing buyer strength. Support Reclaim: The zone around 86,500 – 88,000 has flipped from resistance to strong support. Next Resistance: Currently trading below 94,000 – 95,900, which is a major resistance zone to watch. A break and close above this could push BTC toward 100K psychological level. Levels to Watch: Support Zone: 86,500 – 87,000, 90,522 Immediate Resistance: 94,000 – 95,900 Breakout Target: 100,200+ Strategy Suggestion: If price retests the 90,400 – 87,000 zone and holds, it could offer a strong risk-reward entry for continuation toward 100K. Watch for rejection or consolidation signs near the current resistance. If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
by persis10t
GOLD: Two Prominent Buying Areas to buy Gold From!Hey there! So, gold took a dip after hitting the $3500 mark, and it’s now at $3370. But here’s the thing, we think it might bounce back soon because it’s filled the liquidity gap. There are two possible points where it could turn around: right now or at $3330. Keep an eye on it and trade safely! Good luck! Thanks for your support! 😊 If you want to help us out, here are a few things you can do: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️
OANDA:XAUUSDLong
by Setupsfx_
20
Bitcoin will return to the moon!!BTC/USD 1D - Well as you can see price has played out exactly as we predicted yesterday providing us with an amazing push to the upside. I do however want to see price correct itself before the next push up. I have gone ahead and marked out the order block I have in mind that I would like to see price come and clear before it continues in this hawkish way. I feel this could be a great area to get involved in those longs from. As we know there are some great prospects for BTC so its important that we are always looking for key areas of interest for us to buy in from with this market being a bullish one.
CAPITALCOM:BTCUSDLong
by Abbas_GoatEon
Bitcoin will return to $100,000!Bitcoin has broken above the $91,000 zone, just as we anticipated. On-Chain Insights: • Long-Term Holders: Mild distribution — profit-taking phase • Network Activity: Steady — strong and healthy • Sentiment: Bullish — weak USD and rising institutional inflows Macro Overview: • U.S.–China tensions and Fed uncertainty boost Bitcoin’s safe-haven appeal • Institutions are steadily increasing exposure — a strong positive signal
Long
by Abbas_GoatEon
1
Gold falls from highs, medium-term bullish structure remains uncSpot gold prices continue to fall, extending the correction of the psychological level of $3,500. At the same time, senior Trump administration officials hinted that they are "paving the way" for a trade agreement with Asian powers, further boosting investors' confidence in the global economic outlook, thereby weakening demand for safe-haven gold. Fed policy expectations still support gold's downward space. Despite improved risk sentiment, the market still expects the Fed to launch a new round of interest rate cuts in June, with three rate cuts expected throughout the year, which makes gold's medium-term trend still optimistic. At present, weak US economic data and the president's erratic trade policy have further suppressed investors' confidence in US dollar assets. Quaid believes that the market's expectations for the Fed's interest rate cuts have supported the structural upward trend of gold, even if it faces a technical correction in the short term. Technical aspects show that gold may adjust in the short term, but the support below is strong. Quaid's analysis: The current adjustment pressure faced by gold comes more from short-term market sentiment repair and technical profit-taking, but the medium- and long-term fundamentals are still strong. The Fed's interest rate cut expectations have not changed, the US dollar has a clear medium-term weakening trend, and geopolitical factors are still highly uncertain. Gold is still in a bull-dominated pattern overall. Operation strategy: 3325 long, stop loss 3315, take profit 3350. If it stops rising at 3350, traders can flip the operation strategy and short at this position.
OANDA:XAUUSDLong
by Quaid-1
1
USDJPY BULLISH OR BEARISH DETAILED ANALYSISUSDJPY has just completed a clean breakout above a well-defined descending channel on the 4H chart, signaling the beginning of a short-term bullish wave. This move reflects a technical shift in sentiment as buyers reclaim control after weeks of selling pressure. The breakout candle closed above the upper trendline, indicating a strong potential for continuation. The target zone appears to align with the previous resistance zone around 147.68, where price reacted multiple times in the past, creating a well-defined liquidity area. From a fundamental standpoint, the dollar is regaining traction following a stabilization in U.S. Treasury yields and a slight pullback in geopolitical tensions. Market participants are also pricing in a slightly more hawkish Fed tone, as inflation remains persistent and jobless claims continue to show strength. Meanwhile, the Bank of Japan remains firmly dovish, with no indication of tightening policy anytime soon, reinforcing yen weakness and supporting the upside momentum in USDJPY. This current price action is not just technical—it is aligned with macro drivers. The divergence in monetary policy stance between the Federal Reserve and the Bank of Japan continues to be a key bullish factor for USDJPY. As long as U.S. inflation remains sticky and Fed officials lean toward holding or even hiking rates, this pair is likely to stay supported on dips. Add to that Japan’s fragile domestic consumption outlook and persistent intervention threats, and USDJPY may find itself grinding higher toward resistance zones. In conclusion, with the channel breakout confirmed and fundamentals favoring a bullish bias, I’m eyeing upside continuation toward 147.68. A tight stop below 140.20 makes the setup attractive in terms of risk-reward. I'll be watching price reaction at interim levels, but the structure is clean and the setup has strong confluence—perfect for capturing this short-term wave.
Long
by AndrewsMarket-Mastery
8
USDCHF BULLISH OR BEARISH DETAILED ANALYSISWe are currently observing the USD/CHF pair, which is trading around 0.8225 as of April 23, 2025. The pair has recently experienced a slight uptick, driven by renewed demand for the US dollar following President Trump's decision to retract threats against Federal Reserve Chair Jerome Powell. This move has alleviated investor concerns regarding the Fed's independence, providing a temporary boost to the greenback. Despite this short-term rally, the overall outlook for USD/CHF remains bearish. The pair is trading below the critical 100-day Exponential Moving Average (EMA), and the Relative Strength Index (RSI) is hovering near 36, indicating continued selling pressure. The immediate resistance level is identified at 0.8360, while the first support level to monitor is at 0.8121. Fundamentally, the Swiss franc has appreciated significantly, surging approximately 9% against the US dollar in April alone. This appreciation is attributed to global uncertainties stemming from shifting US trade policies, which have increased demand for safe-haven assets like the franc. The Swiss National Bank (SNB) is under pressure to address this rapid rise, as it poses risks to their inflation targets and the competitiveness of Swiss exports. In conclusion, while there may be short-term fluctuations influenced by geopolitical developments and central bank communications, the prevailing trend for USD/CHF appears bearish. Traders should remain cautious and monitor key support and resistance levels, as well as fundamental factors that could impact the pair's trajectory.
Long
by AndrewsMarket-Mastery
1