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Harmonic Patterns

GBPUSD Hits Resistance – Is Selling Opportunity Coming?Today, GBPUSD is showing a potential short setup based on recent price action and key technical levels. The pair is trading around 1.2963, close to a significant resistance zone near 1.2990-1.3000, as shown on the chart. This area is converging with the 34 EMA and 89 EMA, which could act as additional resistance. Traders can consider entering near current levels with a stop loss above 1.3047. This setup offers an opportunity for a downside move within a controlled risk-on environment. What do you think about this setup? Do you think the resistance will hold or is GBPUSD likely to break above it and continue the uptrend?
Short
by AmbaniFX
1
TURBO BOOST - TRADE PLAN + TECHNICAL ANALYSISPrice Levels and Trend Analysis: The chart shows significant support and resistance levels: Resistance zones around 0.0130, 0.0110, and 0.0090 USDT. Support zones around 0.0070 and 0.0060 USDT. The overall trend has been bearish, with the price declining from its previous high near 0.0130 USDT to its current level around 0.0077 USDT. Recently, the price seems to be consolidating near the support level of 0.0070 USDT, potentially forming a base for a rebound. Volume Analysis: Volume shows mixed signals with some high spikes, but these don't seem to have led to a sustained upward movement, indicating weak buying pressure. The latest increase in volume is worth watching; if buying volume increases, it could signal potential accumulation around the support area. Indicator Analysis: VMC Cipher B: Shows potential bullish divergence as the momentum oscillators signal reduced selling pressure. If momentum continues to turn positive, it may indicate an upcoming bullish reversal. RSI (14): Currently around 44.62, which is below the neutral 50 line, indicating bearish momentum but nearing oversold territory. Stochastic RSI: Oversold, around 37.95, with a slight upward turn, which may indicate a potential bounce if it continues to move up. HMA Histogram: Shows a mild shift towards green, suggesting a potential reversal if it continues. Current Market Sentiment: The indicators show early signs of a bullish reversal, though confirmation is necessary. This could mean a potential bounce from the 0.0070 support level in the short term. Professional Trading Plan for TURBO/USDT: Entry Strategy: Aggressive Entry: Enter at the current price (0.0077 USDT) with a tight stop loss, based on the early signals of a reversal and potential for a bounce from the support level. Conservative Entry: Wait for a confirmed breakout above the 0.0080 level with strong volume to signal strength. Stop Loss: Place a stop loss slightly below the 0.0070 support level, around 0.0068 USDT, to limit downside risk in case of further declines. Target Levels: Short-term Target: 0.0090 USDT (near the first resistance level). Medium-term Target: 0.0110 USDT if momentum continues. Long-term Target: 0.0130 USDT, aligning with the upper resistance level from the chart. Risk Management: Use no more than 1-2% of capital on this trade due to the potential volatility and early nature of the reversal signals. Consider adjusting the stop loss to breakeven once the price reaches 0.0090 to secure partial profits. Trade Management: Monitor the VMC Cipher B and RSI for continued bullish momentum. If momentum weakens near resistance levels, consider taking partial profits. Re-evaluate if the price breaks below 0.0070, as it would invalidate the bullish setup and signal potential for further downside. TURBO/USDT is showing early signs of a potential bounce from support at 0.0070. A cautious approach with tight risk management is recommended. Look for increased buying volume and confirmation from momentum indicators before taking more aggressive positions.
Long
by elfabiiani
1
Bitcoin Breaks the Trendline: Breakout or Just Another Fakeout.?Bitcoin has once again breached its established trendline, raising the question of whether this is a legitimate breakout or just another false movement, akin to previous instances. At this juncture, Bitcoin could take two potential paths. For a significant downward shift to occur, Bitcoin must break through a critical support level of 66000 dollars. If this level is compromised, it may indicate a sustained downward trend. It's also important to note that upcoming events, such as the US elections, could have a substantial impact on market dynamics. Therefore, exercising caution and conducting thorough analysis before making any investment decisions is highly advisable.
COINBASE:BTCUSD
by Kartik_Elkunchwar
GER30 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 19,330.78, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 19,036.94, an overlap support level. The stop loss will be at 19,661.66, a multi-swing high resistance level. 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.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 Trading Pty. Limited (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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.
FX:GER30Short
by FXCM
1
USDCAD H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.3867, which is a pullback support close to 61.8% Fibo retracement. Our take profit will be at 1.3934, a multi-swing high resistance. The stop loss will be placed at 1.3809, which is an overlap support level. 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.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 Trading Pty. Limited (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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
1
Bullish bounce?XAU/USD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection and could bounce from this level to our take profit. Entry: 2,714.83 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection. Stop loss: 2,685.84 Why we like it: There is a pullback support level that is slightly above the 61.8% Fibonacci retracement. Take profit: 2,759.77 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:XAUUSDLong
by VantageMarkets
Bearish drop for the Kiwi?The price is reacting off the resistance level which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.5986 Why we like it: There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 0.6024 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Take profit: 0.5913 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Potential bullish rise?AUD/USD has reacting off the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit. Entry: 0.6582 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Stop loss: 0.6535 Why we like it: There is a pullback support level. Take profit: 0.6649 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
XAUUSD Hits the “Shield” of Resistance: Correction or Rebound?Currently, XAUUSD is facing a strong resistance zone at 2,748 USD/oz, with the 34 EMA acting as a “shield” that deflects buyers' recovery efforts. If the price fails to break through this resistance, it may correct down to the support zone at 2,720 USD/oz, with a potential further dip to 2,705. This area could offer buyers a chance to "get back in the game." The latest news adds fuel to the fire: Expectations that the Fed will maintain high interest rates are strengthening the USD, putting pressure on gold prices. However, pre-election uncertainty in the U.S. is boosting demand for safe-haven assets, which could trigger an unexpected rebound if tensions escalate. Suggested Strategy: Stay calm and observe price reactions as they approach support or resistance levels. This is a moment to exercise patience, waiting for clear opportunities, ready to seize the “wave of opportunity” when the market gives a clearer signal.
OANDA:XAUUSDShort
by Zola_Hello
1
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3863 Why we like it: There is a pullback support level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.3812 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement. Take profit: 1.3938 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Could the price reverse from here?WTI oil (XTI/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 38.2% Fibonacci support. Pivot: 72.44 1st Support: 70.26 1st Resistance: 75.15 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.
ICMARKETS:XTIUSDShort
by ICmarkets
Could the Gold bounce from here?The price is falling towards the pivot and could bounce to the pullback resistance level. Pivot: 2,722.29 1st Support: 2,685.29 1st Resistance: 2,758.83 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.
ICMARKETS:XAUUSDLong
by ICmarkets
Bullish bounce?AUD/CHF is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 0.56660 1st Support: 0.56097 1st Resistance: 0.57309 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.
Long
by ICmarkets
Bearish drop?AUD/NZD is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 1.10273 1st Support: 1.09686 1st Resistance: 1.10909 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
1