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Harmonic Patterns

$CBA in a Strong Uptrend: Long at $162!Commonwealth Bank of Australia ( ASX:CBA ) is showing a “Strong Uptrend” on a 1-week chart. 📈 We bought at $126.49 and sold at $159.24 previously. Now at $162.98, we’re in a long position at $162. With a Trend Score of 8/8 and 100% signal alignment, the projected price is $166.2 ( +1.1% ), supported by bullish RSI but bearish MACD. How to Trade This Setup: • Hold the Trend: The uptrend is strong with high volume—hold the long position from $10629 for now. • Set Targets: Aim for Resistance 1 at $175.54; Support 1 at $147.05 is key if a pullback occurs. • Manage Risk: With bearish MACD, consider trailing stops to lock in gains as the price nears $166.2. What’s your next move on ASX:CBA ? Let’s discuss in the comments! 💡 #Trading #CBA #Analysis
ASX:CBALong
by StockMarketInsights77
XTIUSD – 4H Short Position ExplanationI have entered a short position on XTIUSD (WTI Crude Oil) based on a multi-timeframe bearish confluence setup: Weekly and Daily Trend: The overall structure on both the weekly and daily charts is bearish, showing a consistent downtrend and favoring sell setups. Daily Chart Structure: Recently, price formed a lower high on the daily timeframe, indicating continued bearish pressure and a rejection from a key resistance zone. 4H Price Action: On the 4-hour chart, price has broken a major support level, confirming the bearish momentum. This breakdown increases the probability of further downside movement. Trendline & Structure: The pair is respecting a descending trendline, further supporting the bearish scenario. RSI Confirmation: The RSI has dropped below 40 and continues to trend downward, reflecting bearish strength without yet being oversold. This trade aligns with the higher timeframe trend, with a clear break of support and momentum favoring sellers. The risk is managed above the broken structure, and the setup offers a favorable risk-to-reward ratio.
SKILLING:XTIUSDLong
by The_Trading_G3ek
Dive into the Wild Waves of Gold and Silver!treasure hunters! Ever feel like the gold and silver markets are like surfing big waves? The fluctuations in precious metal prices are often likened to the contrasting behaviors of wild crabs; gold prices soar upward, akin to a crab climbing, while silver prices plunge into the depths, reminiscent of a crab diving beneath the waves. Such dynamics illustrate the volatility and unpredictable nature of the commodities market, where various factors can influence the trajectory of these valuable resources. Understanding these movements is essential for investors aiming to navigate the complexities of financial markets effectively.
TVC:GOLDSILVERLong
by SEYED98
BITCOIN Why is this rally surprising you?Bitcoin (BTCUSD) has completed 3 straight green weeks, with an impressive last 1W candle closing and started the new one right where it left. This rise shouldn't be surprising to most as it has fulfilled all the conditions that initiated all major rallies since the November 2022 Bear market bottom. The first week of April rebounded strongly on the 1W MA50 (blue trend-line), which as mentioned numerous times on our channel, has been this Bull Cycle's main Support and kickstarted the Q4 2023 and Q4 2024 rallies. At the same time, the 1W RSI broke last week above its MA, which has been the final confirmation of those Bullish Legs. With the 1W Bollinger Bands (BB) still ranged, the top trend-line is expected to rise aggressively as BTC's uptrend accelerates, something that resembles October 2023 and October 2024. Throughout this Bull Cycle, those rallies have lasted around the same time, the longest being 14 weeks. As a result, the latest the current Bullish Leg tops should be on the week of July 14 2025 and a +92% rise as February - March 2024 should deliver a test of the Higher Highs trend-line around $140000. Do you think that's the most probable scenario? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
GBPJPY DETAILED TECHNICAL AND FUNDAMENTALSGBPJPY is currently trading around the 191.00 zone, and price action is forming a classic bullish flag pattern on the 4H chart. This follows a strong impulse leg, suggesting a potential continuation to the upside. The consolidation is tight and healthy, showing market participants are preparing for a breakout. My upside target stands at 193.000, which aligns with the descending trendline resistance. From a fundamental perspective, the British Pound remains supported by recent hawkish signals from the Bank of England, which is facing persistent inflation pressures. Meanwhile, the Japanese Yen continues to weaken across the board due to the Bank of Japan’s ultra-loose monetary stance and its defense of yield curve control, which makes it less attractive in a high-interest environment. Technically, this setup aligns with key momentum indicators and market structure. If price breaks above the flag pattern with volume confirmation, we can expect buyers to take control, pushing price toward the 193.000 resistance zone. This level also coincides with a key liquidity area where prior sellers may be trapped. Overall, GBPJPY continues to offer a solid bullish bias in the short term. The pair is fundamentally and technically aligned for a push higher. Breakout traders should monitor closely as the price approaches the upper trendline of the flag. This is one of the most watched JPY pairs right now—momentum is building.
Long
by AndrewsMarket-Mastery
Gold Trade plan 29/04/2025Dear Traders, Gold is still ranging within a triangle pattern. I believe that, considering the dollar index is at a bottom and there’s a potential for a 300-pip rise, gold may come under selling pressure. That said, as long as the price remains inside the triangle, it’s better to stay on the sidelines and wait to see which side the triangle breaks. If there’s an upward breakout, I consider the 3380–3400 area a suitable zone for selling. if you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza
OANDA:XAUUSDShort
by alirezak
1
CADCHF BULLISH OR BEARISH DETAILED ANALYSISCADCHF is currently trading around 0.59 and is showing a strong bullish wave setup on the 8H chart. Price has bounced cleanly from a key demand zone, with a visible bullish engulfing structure, suggesting buyers are stepping in aggressively. My target for this setup is 0.61, aligning with a previous major resistance level seen on the chart. Fundamentally, CAD is supported by firm oil prices and hawkish sentiment from the Bank of Canada, while CHF has been under mild pressure due to reduced demand for safe-haven assets amid improving global sentiment. This macro backdrop favors CAD strength in the near term, adding fuel to the bullish technicals. If the current momentum sustains, we could see a smooth continuation toward 0.61, with a favorable risk-reward ratio. As always, trade management and patience are key, especially as the pair approaches resistance. I remain bullish on CADCHF in the short term, based on both structure and fundamentals.
Long
by AndrewsMarket-Mastery
1
EURUSDEUR/USD Monetary Policy Decisions from the Central Banks (April 2025) The ECB lowered its three key interest rates by 25 basis points. Deposit Facility Rate: Reduced to 2.25% Main Refinancing Operations Rate: Reduced to 2.40% Marginal Lending Facility Rate: Reduced to 2.65% These changes take effect from April 23, 2025. Rationale: The ECB cited a well-progressing disinflation process, with both headline and core inflation declining and expected to settle near the 2% medium-term target. Wage growth is moderating, and the euro area economy has shown resilience. However, the outlook for growth has deteriorated due to rising global trade tensions, which are increasing uncertainty and tightening financial conditions. The ECB emphasized a data-dependent, meeting-by-meeting approach and is not pre-committing to a specific rate path. Economic Context: Growth outlook is weakening, with ECB President Christine Lagarde warning that US tariffs could halve Eurozone growth this year from an already modest 0.9% forecast. Inflation risks remain, especially from potential retaliatory tariffs and increased government spending. U.S. Federal Reserve (Fed) The Fed kept the federal funds rate unchanged at 4.25%–4.5%, continuing the pause in its rate-cut cycle that began in January 2025. Outlook: The Fed anticipates two rate cuts (totaling 50 basis points) later in 2025, but is cautious due to persistent inflationary pressures and economic uncertainty, particularly from elevated tariffs and trade policy shifts. Policymakers see inflation risks as tilted to the upside but have downgraded growth forecasts for 2025 (now 1.7%, down from 2.1%). The Fed remains data-dependent, with future decisions hinging on inflation and labor market developments. Implications for EUR/USD The ECB’s rate cut narrows the interest rate differential with the Fed, which can support EUR/USD upside if the Fed remains on hold or cuts rates later than the ECB. Both central banks are emphasizing a data-dependent approach, responding to evolving inflation and growth dynamics Trade tensions and tariff policies are a major source of uncertainty for both economies and could influence further monetary policy actions. Summary Table ECB Cut by 25 bps (Apr 2025) Deposit: 2.25% Disinflation on track, growth risks from trade tensions, data-dependent Fed Held steady (Mar 2025) Fed Funds: 4.25%–4.5% Inflation risks, slower growth, 2 cuts expected in 2025, data-dependent In summary: The ECB has just cut rates to support growth as inflation moderates, while the Fed is holding steady but signaling possible cuts later in 2025. Both central banks are highly data-dependent, with trade tensions and inflation risks shaping their outlooks. This evolving policy divergence is a key driver for EUR/USD in the months ahead
Short
by Shavyfxhub