Get started

Harmonicforex

GBP/USD at Key Resistance: Potential Reversal or Continuation?The GBP/USD 15-minute chart indicates a strong uptrend, with price action forming a **Crab harmonic pattern**, suggesting a potential overextension. The pair has reached a key resistance zone at **1.26323**, aligning with significant Fibonacci levels, with the **Harmonic Optimal Point (HOP) at 1.26469** acting as a potential reversal area. If a pullback occurs, the first downside targets are 1.26127 and 1.25993 , while the ** 200 EMA ** below may provide further support. A sustained break above 1.26469 could signal continued bullish momentum. Traders should monitor price action for confirmation before positioning accordingly.
Short
by BeaucoupPips
1
GBP/USD Market Analysis – Bearish Reversal from Harmonic PatternThe GBP/USD pair has completed a Crab harmonic pattern , with price reaching the 1.618 extension level and reacting strongly at resistance near 1.2617. The rejection suggests a potential bearish reversal. Initial downside targets (T1 and T2) are at 1.2515 and 1.2445. If price sustains below 1.2593 (AB=CD level), further downside is likely. However, a breakout above the high could invalidate the bearish setup. Traders should watch for confirmation signals before taking positions.
Short
by BeaucoupPips
SUSDT Key Resistance Broken – Bullish Momentum SUSDT has recently broken through a key resistance level, signaling a shift in market sentiment and the potential for a strong upward movement. Breaking past major resistance is a crucial technical event that often leads to a new phase of price action, and for sUSDT, this breakout has been accompanied by good volume, confirming the strength of the move. With strong investor interest and an expected gain of 25% to 30%+, traders are now watching closely to see how the price behaves as it continues to test new highs. The breakout above resistance sets the stage for further bullish movement, potentially attracting more buyers into the market. The breakout from the main resistance level is a key indicator that the sellers' control has been broken, and buyers are now in charge. As the price holds above this key level, it’s likely that more traders will enter, pushing the price higher. The good volume supporting the breakout further validates that this move has solid momentum, and the chances of a sustained rally are increasing. If sUSDT continues its upward trajectory, it could reach the projected gain range of 25% to 30%+, with new resistance levels providing the next potential targets. Investors are taking increasing interest in sUSDT as the price breaks above important technical levels. This shift in market sentiment is not only supported by the price action but also by the growing participation from investors who see potential for further gains. The volume confirms that this is not a false breakout, and as more traders recognize the bullish setup, the price could continue to rise steadily. With solid technical backing and a growing interest in the project, sUSDT is positioning itself as a strong candidate for higher returns in the near term. Traders should monitor key support levels to ensure that the breakout holds. If sUSDT can maintain its position above the broken resistance level, it could continue to gain momentum, offering a potential 25% to 30%+ return. As always, staying updated on broader market conditions and volume trends will help confirm the strength of the breakout. Given the current setup, sUSDT presents an exciting opportunity for traders looking to capitalize on a potential upward trend in the near future.
Long
by Alpha-GoldFX
GLUSDT 50%-77% Gains – Bullish Momentum Set to Surge!GLUSDT has recently broken out of a Falling Wedge Pattern, a technical formation that typically signals the end of a downtrend and the potential for significant price action upward. The Falling Wedge is characterized by converging trendlines, with the price action tightening as buyers and sellers reach an equilibrium before one side gains control. With a solid breakout now in play, GLUSDT is poised for a strong bullish move. The volume accompanying the breakout is good, indicating strong market participation and confirming that the move has the potential to continue. Traders are anticipating gains ranging from 50% to 77%+ as the price continues to push higher, potentially testing key resistance levels. The breakout from the Falling Wedge pattern is a key event for GLUSDT, and with good volume supporting this move, it increases the likelihood that the price will continue its upward trajectory. Falling Wedges typically indicate that buying pressure is starting to build, and once the resistance level is cleared, the price often experiences a surge. The breakout has already set the stage for a potential rally, and traders are now looking for confirmation of the next resistance levels to determine how far the price might go. With strong technical backing and good investor interest, GLUSDT is well-positioned for substantial price gains in the near term. Investors are taking increasing interest in GLUSDT, as the breakout from the Falling Wedge marks a key shift in sentiment. The good volume confirms that this pattern is not a false breakout, and with many traders eyeing the potential for higher returns, this project is gaining momentum. As the market shifts from a bearish to a bullish outlook, GLUSDT could see a sharp rise, testing higher price levels and delivering the anticipated 50% to 77%+ gains. The rising interest and positive market sentiment around GLUSDT further solidify its status as a potential high-reward opportunity. Traders should closely monitor key support and resistance levels as the price action unfolds. If GLUSDT can maintain its momentum and push through further resistance, the rally could extend toward the projected gain levels. As always, it’s important to track volume and market conditions to confirm the strength of the breakout. With the current setup and positive technical indicators, GLUSDT is one of the more promising crypto pairs to watch for potential substantial gains.
Long
by Alpha-GoldFX
EUR/USD Bullish Outlook Following Bat Pattern CompletionThe EUR/USD 1-hour chart displays a completed Bat harmonic pattern, with price reversing near the 0.886 Fibonacci retracement level, suggesting a potential bullish move. Key trade levels include a support zone at 1.02911 and targets at 1.03394 (T1) and 1.03784 (T2). Current consolidation above the pattern's completion point indicates potential continuation to the upside, with confirmation needed via a breakout above the highlighted zone. A stop-loss below 1.02911 is advised to manage risk. A break below this level would invalidate the bullish setup.
Long
by BeaucoupPips
CADCHF Breaks Resistance After Falling Wedge BreakoutCADCHF is currently trading at 0.6360, with a target price of 0.7500, indicating a bullish outlook. The pair has completed a falling wedge breakout, a strong reversal pattern signaling a potential upward trend. This breakout suggests that selling pressure has weakened, allowing buyers to take control. Additionally, CADCHF is breaking a key resistance level, further confirming bullish momentum. A successful breakout above this resistance could lead to a price surge, targeting over 500 pips in gains. Traders should watch for volume confirmation to ensure the breakout is valid. A strong push above resistance with high volume increases the likelihood of sustained movement. Pullbacks or minor corrections may occur, but the overall trend remains bullish. Risk management strategies, including stop-loss placement, are essential to protect against unexpected reversals. Monitoring economic events affecting CAD and CHF will also help in assessing future price movements.
Long
by AndrewsMarket-Mastery
1
XAUUSD Analysis Retest, and Target of 3000XAUUSD, which represents the price of gold (XAU) against the US dollar (USD), is currently trading at 2860. The target price is set at 3000, indicating a bullish outlook. The market is following the support and resistance pattern, a common technical analysis method. Currently, a small retesting phase is occurring, where the price is momentarily pulling back before resuming its upward trend. This retest is a natural market movement that helps confirm the breakout strength. If the support holds, buyers will likely push the price toward the 3000 level. The psychological resistance at 3000 might cause some fluctuations. However, if momentum remains strong, the price could surpass this level. Traders should monitor volume and market sentiment for further confirmation. Proper risk management is crucial, as unexpected reversals can occur.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
EURNZD Analysis , Support Bounce and Bullish PotentialEURNZD is currently trading at 1.83300, with a target price of 1.89000. This suggests a potential upward movement of 500+ pips. The price is bouncing off a strong support level, indicating a possible bullish reversal. The support and resistance pattern highlights key price zones where buying and selling pressure increase. A successful bounce from support strengthens the bullish outlook. Traders anticipate the price moving towards the next resistance level at 1.89000. Confirmation through candlestick patterns and volume analysis is essential. Risk management should include a stop-loss below the support level. Fundamental factors like interest rate decisions can impact price action. Monitoring market sentiment and economic news is crucial for trade execution.
Long
by AndrewsMarket-Mastery
EURAUD Analysis Bullish Flag Breakout PotentialEURAUD is currently trading at 1.65600, with a target price of 1.70000. This indicates an expected upward movement of 500+ pips. A bullish flag pattern has been identified, which is a continuation pattern signaling potential further gains. The pattern suggests a temporary consolidation before a breakout to the upside. Traders anticipate a strong bullish move once the resistance level is breached. Volume and momentum should confirm the breakout for a higher probability trade. Risk management is crucial, with stop-loss placement below the flag’s support. Fundamental factors like interest rate decisions and economic data can influence price action. A successful breakout may attract more buyers, accelerating the upward movement. Monitoring price action near resistance is key for trade execution.
Long
by AndrewsMarket-Mastery
NZDUSD Falling Wedge Breakout – 400+ Pips Opportunity!NZDUSD forex pair is currently trading at 0.56800, with a target price of 0.60000, offering a potential gain of 400+ pips. This bullish outlook is supported by a falling wedge breakout, a technical pattern indicating a reversal from a downtrend to an uptrend. The breakout is further strengthened by a good bounce from a key support level, suggesting strong buying interest at lower prices. The rising momentum and breakout signal a shift in market sentiment, potentially attracting more buyers. The target of 0.60000 represents a significant resistance level, and reaching it would require sustained upward pressure. Traders may view this as a buying opportunity, aligning with the breakout’s direction. However, factors like economic data, global risk sentiment, and commodity prices (e.g., dairy exports for NZD) should be monitored. Proper risk management, including stop-loss orders below the support level, is crucial to manage potential reversals. This setup combines a strong technical pattern with clear profit potential, making it appealing for short-to-medium-term trading strategies.
Long
by AndrewsMarket-Mastery
GBP/USD Trend Reversal? Smart Money Entering the Market!GBP/USD is a major forex pair representing the exchange rate between the British Pound (GBP) and the US Dollar (USD). The current price is 1.25100, and the target price is set at 1.27000, indicating an expected upward movement. This trade setup suggests a potential gain of over 200 pips if the price reaches the target. A pip, or "percentage in point," is a standard unit of movement in forex trading, where 1 pip in GBP/USD is 0.0001. The trend line breakout confirms a bullish signal, meaning the price has moved above a key resistance level. Strong volume support indicates that many traders are participating in this move, adding to the momentum. A breakout with high volume often leads to sustained price movement, increasing the likelihood of hitting the target. If the trend continues, traders might see further gains beyond the expected 1.27000 level. However, risk management is crucial, as market conditions can change unexpectedly. Keeping an eye on economic news and key events related to the UK and US economies is essential. Overall, this setup suggests a strong buying opportunity for traders looking to capitalize on the breakout.
Long
by AndrewsMarket-Mastery
Why USDCHF is in Retesting Phase? and Expected Trend ReversalUSDCHF is currently trading at 0.91000, with a target price of 0.89900, indicating a short-term bearish movement. The expected price drop of 100+ pips suggests a potential short-selling opportunity. The pair is in a retesting phase, meaning it is re-evaluating a previously broken trendline. This retest occurs after a downtrend, confirming bearish momentum. However, after this small decline, a strong bullish wave is anticipated. The price is expected to recover and move upward toward the 0.93000 level. This suggests a trend reversal after the retracement phase. Traders may consider shorting until 0.89900, then looking for bullish confirmation. Risk management is crucial due to potential market volatility. Analyzing support, resistance, and market sentiment can help refine entry and exit points.
Short
by AndrewsMarket-Mastery
USDCAD Bullish Flag Breakout and Uptrend PotentialUSDCAD is currently trading at 1.45200, showing a bullish outlook. The expected target price is 1.48590, indicating a potential gain of 300+ pips. A bullish flag pattern has already broken out, confirming strong upward momentum. This breakout suggests that buyers are in control and may push the price higher. The price action aligns with technical analysis, supporting a continued uptrend. Traders anticipate further bullish movement toward the target. Proper risk management is essential to navigate any pullbacks. Monitoring key resistance levels and market conditions is crucial. A sustained rally above the breakout zone can strengthen bullish confidence. Patience and discipline will be key in managing this trade effectively.
Long
by AndrewsMarket-Mastery
1
BTCUSD Support Bounce: Targeting 120,000 ResistanceBTCUSD is currently trading at 105,300, with a target price of 120,000. The price is bouncing from a key support level, indicating strong buying interest. Support and resistance levels play a crucial role in technical analysis, helping traders identify potential entry and exit points. A successful bounce from support suggests bullish momentum, increasing the likelihood of an upward move. If the price sustains above this level, buyers may push it toward the resistance at 120,000. A breakout above this resistance could further accelerate the rally. However, if BTC fails to hold the support, a retest or pullback could occur. Risk management is essential, with stop-loss levels placed below support to minimize potential losses. Fundamental factors, such as market sentiment and institutional activity, could influence price movement. Monitoring volume and confirmation signals will help validate the trade setup.
BITSTAMP:BTCUSDLong
by AndrewsMarket-Mastery
2
CHFJPY Symmetrical Triangle Pattern AnalysisCHFJPY is currently trading at 170.100, with a target price set at 165.000. The trade setup suggests a potential gain of over 500 pips if the price reaches the target. A symmetrical triangle pattern has been identified on the chart, a common technical pattern indicating consolidation before a breakout. In this case, the breakout has already occurred to the downside, signaling a bearish trend. Traders often expect strong momentum after a confirmed breakout, reinforcing the probability of price decline. The target of 165.000 is likely based on measured move calculations from the triangle pattern. Risk management strategies, such as stop-loss placement, are crucial to mitigate potential reversals. Fundamental factors like central bank policies or economic events could influence the trade’s outcome. If selling pressure continues, the price may reach the target faster than anticipated. Monitoring key support and resistance levels will help assess trade validity.
Short
by AndrewsMarket-Mastery
AUD/USD Resistance Rejection and Bearish OutlookAUD/USD represents the Australian Dollar against the US Dollar in the forex market. The current price is 0.62300, with a target price of 0.60000, indicating a bearish outlook. The expected price drop suggests a potential gain of 200+ pips if the trade moves as anticipated. The analysis is based on the support and resistance pattern, a key concept in technical trading. The price has reached a strong resistance level and is facing rejection, signaling selling pressure. A rejection at resistance often indicates a shift in momentum, leading to a possible downward move. Traders anticipate the price to decline toward the next support level at 0.60000. This setup suggests bearish dominance as long as resistance holds. If the price fails to break above resistance, further downside movement is likely. Proper risk management is crucial, as market conditions can change.
Short
by AndrewsMarket-Mastery
GBPAUD Retesting Resistance with a Potential for Price ReversalGBPAUD is currently trading at 1.981, with a target price set at 2.000, indicating a potential gain of over 200 pips. The market analysis is based on the support and resistance pattern, which suggests key price levels where the pair may react. Currently, the pair is in a retesting phase, meaning it is testing the resistance level after a previous breakout or price movement. This retesting phase helps confirm whether the resistance holds or breaks. If the resistance holds, it signals a potential reversal, leading to a price drop. Traders are advised to closely monitor this retesting period for confirmation before taking positions. A rejection at the resistance level could trigger a bearish move. Patience during this period is critical to avoid premature entries. This setup reflects a potential opportunity for experienced traders following technical analysis strategies.
Long
by AndrewsMarket-Mastery
Analyzing USDCHF Using Support and ResistanceUSDCHF (US Dollar vs. Swiss Franc) is currently trading at 0.904, with a target price of 0.890, indicating a bearish outlook. This presents a potential gain of 100+ pips if the target level is achieved. The analysis is based on a support and resistance pattern, suggesting that the current price is below a key resistance level, which acts as a barrier to upward movement. The next support level is identified at the target price of 0.890, where the price is expected to stabilize or reverse. This implies a short-selling opportunity to profit from the anticipated price drop. The strategy assumes the price will continue its downward trend without breaking above the resistance level. Traders should closely monitor the price action near the resistance and support levels for confirmation. Effective risk management is crucial to account for potential price rebounds. The setup is ideal for technical traders focusing on price action and key levels. This plan is aligned with the overall market trend, reinforcing its validity.
Long
by AndrewsMarket-Mastery
EURCAD Falling Wedge Breakout and Support Bounce EURCAD is currently trading at 1.484, with a target price of 1.505, indicating a potential gain of over 200 pips. The analysis is based on a support and resistance strategy, highlighting a key level of support where the price has recently bounced. A falling wedge breakout has already occurred, signaling a bullish reversal pattern. This breakout suggests increased buying momentum as the price moves away from the support. The support level appears to be holding strongly, reinforcing the likelihood of upward movement. Traders are targeting the next resistance zone near 1.505 as the projected price. The setup reflects a well-defined risk-to-reward ratio, favoring long positions. Monitoring price action at key levels is crucial to confirm the trend. Overall, the pair shows strong bullish potential based on technical patterns and market dynamics.
Long
by AndrewsMarket-Mastery
1
CADJPY Rising Wedge Breakout and Targeting Support LevelCADJPY is currently trading at 108.300, with a target price set at 106.000, offering a potential gain of 200+ pips. The analysis is based on a support and resistance pattern, indicating the pair’s key price levels. A rising wedge breakout has already occurred, a bearish signal pointing to further downside potential. The price is now positioned below a major resistance level, confirming sellers' dominance in the market. With this setup, the pair is likely to continue its downward movement toward the main support level, which aligns with the target price. The bearish momentum is expected to persist as long as the resistance level holds strong. Traders should watch for any confirmation of increased selling pressure to solidify this trend. This setup highlights a favorable opportunity for bearish trades with a defined risk-reward ratio. The focus remains on the target support level as the next key price point.
Long
by AndrewsMarket-Mastery
EURGBP Navigating Resistance Levels for a Bullish BreakoutEUR/GBP is currently trading at 0.842, with a target price of 0.852, indicating a potential gain of over 100 pips. The analysis is based on the support and resistance pattern, with the pair currently positioned at a resistance level. A minor retracement or retesting of the resistance is expected at this stage. This retracement is a healthy part of the price movement, allowing the market to gather momentum for the next bullish wave. After the retest, a strong upward trend is anticipated, potentially breaking past the resistance level toward the target price. Traders should monitor this retracement closely to identify optimal entry points. The analysis reflects a bullish sentiment, supported by technical levels. However, proper risk management should be maintained. This trade setup aligns with the principles of technical analysis and trend continuation.
Long
by AndrewsMarket-Mastery