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Harmonic Patterns

GBOUSD H1 | Bullish ContinuationBased on the H1 chart, the price is falling toward our buy entry level at 1.23763, which aligns with an overlap support and the 61.8% Fibonacci retracement. This level is expected to act as a potential continuation point in the bullish setup. Our take profit is set at 1.24801, near a key resistance level where price may face selling pressure. The stop loss is placed at 1.22979, below the previous swing low, providing room for price fluctuations while ensuring the bullish setup remains valid. 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
EURUSD H4 | Bullish Bounce OffBased on the H4 chart, the price is approaching our buy entry level at 1.04482, which aligns with a strong support level and a previous resistance-turned-support zone. This level is expected to act as a potential continuation point in the bullish setup. Our take profit is set at 1.05366, an overlap resistance that aligns with the 78.6% Fibo retracement where price may face selling pressure. The stop loss is placed at 1.03540, below the previous swing low, providing room for price fluctuations while ensuring the bullish setup remains valid. 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
Copper - Copper will shows its strong trend next week. Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
FX:COPPER
by QQGuo-Shane
IBM: Attention! First signs of the end of the retracement!International Business Machines, abbreviated IBM and nicknamed "Blue Green", the large multinational computer technology and consulting corporation based in Armonk, New York, has a CLEARLY BULLISH technical aspect in its main time frames. During 2024 it accumulated a rise of almost 50% when it reached the 239 area on December 9. Since then the price took a break and began a retracement phase that took it to the 215 area (61.8% Fibonacci). --> What situation is it in now? If we look at the chart, last Friday the price showed us the first 2 bullish warnings (Bull), indicating that the END of the retracement could be very close!! --> What areas do we have to watch? An upward break of the 227 area would indicate the END OF THE REVERSE and therefore, a new attack on its historical highs. But if the price loses the 214, it could easily take it towards the 204 area. --> Is there any risk nearby? Yes. Wednesday 29th presents results and if there are negative surprises, the price could fall strongly towards the 204 area, putting its medium-long term bullish trend at risk. If our profile is CONSERVATIVE I would stay out of the value until the results are published, but if we have an AGGRESSIVE profile, we could follow the following strategy. -------------------------------------- Strategy to follow: ENTRY: We will open 2 long positions if the H4 candle closes above 227 POSITION 1 (TP1): We close the first position in the 238 area (+4.8%) --> Stop Loss at 214 (-5.7%). POSITION 2 (TP2): We open a Trailing Stop type position. --> Initial dynamic Stop Loss at (-5.7%) (coinciding with the 214 of position 1). ---We modify the dynamic Stop Loss to (-1%) when the price reaches TP1 (238). ------------------------------------------- SET UP EXPLANATIONS *** How do we know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each. *** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss. -->Example: If the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% in the rises, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very solid and stable price trends can be taken advantage of, maximizing profits.
NYSE:IBMLong
by jmesado