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Harmonic Patterns

NZDUSD H1 | Bearish Drop Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.6015, which is a pullback resistance. Our take profit will be at 0.5973, a pullback support level close to 50% Fibo retracement. The stop loss will be at 0.6040, above 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.
Short
by FXCM
Best trading opportunity before interest rate decision!Market Analysis: Gold has made a powerful comeback today, and those who followed my buy recommendations yesterday have seen substantial profits—congratulations to all VIP members! Reviewing yesterday’s price action, gold's sharp decline was primarily triggered by Trump’s election win, a bearish news factor that was quickly digested by the market. With the Fed’s rate decision looming today, gold remains in a bullish trend. Forecast and Price Movement: Analyzing the current market setup, I anticipate a minor pullback in gold, likely toward the 2680 level. This dip is expected as the gold market prepares for a potential Fed rate cut in the next few hours. Thus, I foresee a brief drop in prices leading up to the rate announcement, followed by a significant rally post-cut. Trading Strategy: Aggressive Approach: Enter a short position at current levels but secure profits before the rate decision. Conservative Approach: Wait for a pullback before the rate cut to establish a long position, capitalizing on the anticipated post-cut rally. Summary and Recommendations: This analysis should provide a clear direction for today’s gold trading. For a detailed breakdown of this week’s trading strategies, please reach out. All VIP members will receive an exclusive, complete trading plan to maximize gains during this pivotal market phase.
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAUUSD / AFTER VOTE OF THE PRESIDENT OF THE AMRICAN / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Initial Reaction to Election Outcome, It suggests that gold prices dropped by 3.46% following Trump’s win, indicating an immediate market response likely due to investor sentiment or economic expectations associated with his presidency. Current Trading Position, The current price is below an “ascending channel” (typically a technical pattern indicating a trend), which could signal a weakening upward trend. However, it remains within a “demand zone,” where buying interest could support prices. Demand Zone and Support, As long as gold stabilizes above the $2,657 - $2,638 demand zone, there is a potential for prices to rise back up. This zone acts as a support level, where enough demand could prevent further declines. Upside Target (Supply Zone), If prices hold above the demand zone, there is an expectation of an increase toward the $2,732 - $2,747 supply zone. This is seen as a resistance level where selling pressure may limit further upward movement. Downside Risk , If a 4-hour candle closes below the demand zone, a further decline is anticipated, potentially pushing prices down to the next demand zone between $2,618 - $2,605. Overall Trading Range , The analysis concludes with a broader price range for gold between $2,790 (upper limit) and $2,605 (lower limit). This range outlines the expected volatility in gold prices.
OANDA:XAUUSDLong
by ArinaKarayi
Bitcoin touches $ 76,000 - next?Bitcoin (BTC) continues to capture investors’ attention as it maintains a stable upward trend. Currently trading around $76,226, BTC has seen a 1.96% increase in recent sessions. This growth is supported by positive technical indicators and a favorable market environment, leading many investors to believe Bitcoin could reach the $80,000 mark in the near term. But what are the key factors influencing BTC’s price, and what strategies are suitable in this current market context? News Impacting BTC's Price Growth in the U.S. Stock Market: Following Donald Trump’s recent election victory, the U.S. stock market has surged, fostering a positive investor sentiment. This optimistic outlook has spilled over into the crypto market, with Bitcoin benefiting from an influx of enthusiastic investments. Increased Institutional Interest: Large financial institutions are continuously pouring capital into Bitcoin, viewing it as a hedge against inflation and a diversification asset. These organizations see Bitcoin as part of their defensive strategy against inflation, reinforcing the cryptocurrency’s upward momentum. BTCUSD’s New Prospects BTCUSD's technical chart indicates promising growth potential, especially if the price sustains above key Fibonacci support levels. Investors should closely monitor the Support 1 zone and the $77,003 resistance level to seize opportunities when the trend is confirmed. If BTCUSD breaks through this resistance, it could continue its rally toward the $82,078 area, offering an attractive profit opportunity.
BITSTAMP:BTCUSDLong
by Trader-Saylor
1
DJTThe DJT stock made a strong upward move, breaking through the descending trendline shown in the chart around $28. It completed Wave 1 at $54.5 and then rose to a strong supply zone that we had previously warned about as the reason for the decline in the previous post, marking Wave A. It then dropped in a corrective move to the demand zone we had mentioned earlier and has now risen strongly in Wave B. Currently, we are in Wave C.We are now waiting for a strong buying zone, a cluster formed by the intersection of the descending trendline, the demand zone, and the completion of a harmonic buying pattern, which lies between $20.94 and $18.54(PRICE ACTION). The stop loss is set at a weekly close below $17. Our target is Wave 3, aiming for a breakout above the last peak at $54 Tthen 80$. This is the bullish scenario. The bearish scenario would be triggered by a weekly close below $17, but this possibility remains unlikely for now.
NASDAQ:DJTLong
by IbrahimTarek
Here's the latest update on #ENA:Here's the latest update on #ENA: An Inverse Head & Shoulders accumulation pattern has been fully formed, and the price is currently testing the neckline, indicating potential bullish momentum. 👀 A breakout at this point would signal a significant upward move. ✈️ Note: GETTEX:ENA is part of the Ethereum ecosystem, adding to its potential appeal and strength. 🔥 Price Targets: 🎯 Short-term target: $0.7630 🎯 Mid-term target: $1.1265 🎯 Long-term target: $2.3380
Long
by VIPROSE
Gold ReboundsAfter Donald Trump's victory in the U.S. presidential election, gold prices dropped by more than $80 per ounce on November 5th in both Asian and U.S. markets. However, mixed economic data from the U.S., Germany, and China, combined with the Federal Reserve's decision to cut interest rates, helped gold prices rebound to $2,700 per ounce. Looking at the technical chart at 4:00 PM, with support at $2,650, gold prices have started to rise again and are testing the resistance level at $2,707. If gold breaks through this resistance, it is expected to regain momentum and continue to rise towards a new target. However, if gold fails to break through the resistance, it could fall back to the support level of $2,683. During this time, make sure to closely monitor the market to respond promptly to any unexpected developments!
OANDA:XAUUSD
by Alisa_Rokosz
PEPE: Keep an eye on this level! If you're looking to trade PEPE at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.0000116$ and take profits at the levels shown in the chart. Targets: 1. 0.000012$ 2. 0.0000129$ 3. 0.0000138$ ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
BTCUSDT 15 min - BEAR & BULL Strategies - 2 stepBTCUSDT 15 min - BEAR & BULL Strategies - 2 step TRADEX BOT NEWS: We already have an improved version of the autotrading bot. This version allows for scalability of the project. The bot needs much less resources, we have eliminated weak links making the process much more straightforward. As for execution, there is almost no delay, it is immediate at market price. We are now improving the mathematical execution logic to summarize the tests with different strategies. It will be ready very soon :) If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated trading tool so that everyone can apply their strategies VISUALLY and PROFESSIONALLY, as we present in the analysis. Thank you! _______________________________________________________ BTCUSDT 15 min - BEAR & BULL Strategies - 2 step We continue with our bullish channel and triangle strategy. BTCUSDT is marking increasingly higher lows and is approaching the base of the current bullish channel that acts as dynamic support. That said, we must set a strategy that allows us to properly manage the risk-reward equation. We don't really know what the price will do, but we must be prepared for different scenarios. If we already have it in our portfolio, SL: 75500 TP: 79000 If we want to position ourselves BULLISH BULLISH STRATEGY LEVELS: BUY: 75500 or 76400 TP 79K SL: 74700 below the EMA 200 BEAR STRATEGY LEVELS: SL: 76400 SELL: 75000 If it breaks the dynamic support and gives signs of a change in trend. In the area of ​​uncertainty, we will continue to swing :) We just have to wait for the triangulation to break in one direction or another. Good luck in making decisions. ______________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain values ​​that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
Long
by DeuXfi
Bearish drop?GBP/AUD is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which is a pullback support. Pivot: 1.95584 1st Support: 1.94410 1st Resistance: 1.96411 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