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Harmonic Patterns

GBPUSD- Trend down, recommend selling!!GBPUSD- Trend down, recommend selling!! Currently, GBPUSD is moving in a clear downtrend on the 4H chart, with EMA 34 and EMA 89 creating strong selling pressure. Trading Strategy: Sell orders can be considered with a target of 1.27818 USDT. Stop Loss is placed at 1.30016 to protect the order in case of a price reversal. What do you think about this assessment? Leave your comments in the comment section below and wish you successful trading!
Short
by Vincent-KAK
1
EURUSD- Trend down, recommend selling!!EURUSD- Trend down, recommend selling!! Today, the EUR/USD pair is under pressure due to the strength of the USD, driven by expectations of higher U.S. interest rates and recent political developments. The pair has fallen to a multi-month low, hovering between 1.0685 and 1.0680. With increased volatility around the U.S. political environment—particularly after Donald Trump’s election win—alongside a Double Top pattern on the market chart, a short-term forecast suggests that if EUR/USD breaks below the 1.07 level, it may test support around 1.05. However, if economic indicators in the eurozone improve, the EUR/USD could have potential for a rebound within its current range. The Federal Reserve's rate decisions and any new fiscal policies could further influence the currency pair's direction in the coming days.
Short
by Vincent-KAK
1
USDJPY- Trend up, BUY recommended!!USDJPY- Trend up, BUY recommended!! Currently, USD/JPY is rising as the U.S. dollar strengthens on expectations that Trump’s policies could impact Federal Reserve interest rates, driving the pair above 150. In the short term, USD/JPY may stay elevated, though long-term trends will depend on Fed rate decisions and the Bank of Japan’s (BOJ) response. While BOJ maintains its loose monetary stance, the Fed’s potential for high rates to control inflation continues to support the USD/JPY pair. However, if the Fed signals rate cuts or BOJ shifts its policy, USD/JPY may decline.
Long
by Vincent-KAK
1
Potential Bearish Reversal AheadPotential Bearish Reversal Ahead EURUSD is currently trading around 1.078, moving within an upward channel. However, recent price action suggests a possible trend reversal. The chart shows signs of weakening momentum, and a break below the channel could lead to a further decline. If the price breaks the lower trendline support, it could open the path toward 1.073 and potentially lower levels. Traders should watch for confirmation of a breakout below the support level, as this could signal a shift to a bearish trend. For now, the bias leans bearish, with caution advised on potential entry points near the channel's lower boundary.
Short
by traderidqpmuna
Cryptocom in Bearland- Like most altcoins, CRO remains deep in its bear market. - Until BTC rallies significantly, altcoins will likely stay overshadowed. - BTC dominance (BTC.D) is climbing near 60%, putting pressure on altcoins. - As always, check the bubbles, follow the trends - Everything you need is in the chart. - What’s the best approach? - Be patient and continue DCA. - Buy at the good time. Buying CRO in this market: Option 1: Wait for a return to the bottom around $0.05—(ideally a full-buy range). Option 2: Wait for a breakout and weekly close above $0.10 for confirmation. - Whether trading or holding, consider taking partial profits on the way up. - For the short term, consider taking profit around $0.50, as there’s resistance in this area. - For those waiting on the altcoin bull run, a max target of $1.5 to $2.5 is reasonable. Happy Tr4Ding !
COINBASE:CROUSDLong
by thecryer
6
Bearish drop?The Kiwi (NZD/USD) has reacted off the pivot and could drop from this level to the 50% Fibonacci support. Entry: 0.6016 1st Support: 0.5985 1st Resistance: 0.6038 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which is an overlap resistance and could reverse to the pullback support. Pivot; 1.3892 1st Support: 1.3851 1st Resistance: 1.3921 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
$BOME/USDT 1H - Short Setup Analysis $BOME/USDT 1H - Short Setup Analysis 📉 I'm looking at a potential short setup on $BOME. Currently, we can see price action testing the recent support around the 0.0077 level after a sustained downtrend. The price has been respecting a descending trendline, and each bounce has been met with selling pressure, pushing it lower over time. Key Levels: Entry Zone: Just below the 0.0077 level after a confirmed break and retest. Take Profit Targets: First TP: 0.0069 Second TP: 0.0059 Stop Loss: Placed around 0.0080 to allow for minor pullbacks without risking too much. Technical Indicators: Price has been trading below both the 50 EMA and 200 EMA, indicating bearish momentum is still strong. The decreasing volume on the recent consolidations suggests weakness in the buying power, supporting the possibility of a breakdown. Strategy: I'm planning to enter this short if we get a clean breakdown and retest of the 0.0077 support. A close below this level on a 1H candle would confirm the entry signal. My first target is 0.0069, a previous support level. If bearish momentum continues, we could see price reach as low as 0.0059, a stronger support zone. Stop loss is set tightly above the recent consolidation highs to manage risk effectively. Let's see if the bears can maintain control here!
Short
by TrendShredder
1