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Harmonic Patterns

After taking a short position in gold briefly, continue to take From a fundamental perspective, the influence of US data is limited. The market's focus still remains on Trump's tariffs. Subsequently, it is on the geopolitical situations, such as the India-Pakistan conflict, the ceasefire between Palestine and Israel, the Russia-Ukraine negotiations, and so forth. Analysis of the News Regarding Gold: Gold is rising in a fluctuating manner. Currently, it is trading at around $3,315.44 per ounce, with an increase of approximately 0.92%. This week will witness the interest rate decision of the Federal Reserve, which is expected to dominate the market trend of this week. Additionally, we need to continue paying attention to the relevant news of the international trade situation. After the employment data week, the market's focus has shifted to this week's Federal Reserve's May FOMC meeting. Judging from the 4-hour chart of gold, after a period of wide-ranging volatile consolidation within the price range of 3,270 to 3,350, the current price has moved to a lower volatile range. Although the two lines of the MACD indicator have issued a golden cross signal, the gold price has broken through the resistance level at 3,300. It is recommended to focus on the resistance effect of this level and pay attention to the effectiveness of the support provided by the MA10 moving average at the lower side. Trading Strategy: buy@3259-3270 TP:3303-3330
TVC:GOLDLong
by HilaryBloomer
Gold continued to rise at the opening and broke upward!The current 4-hour chart of gold has formed an upward breakout trend, and it will continue to strengthen next! In the intraday, we focus on the 3200-line long-short watershed. Before gold falls further, gold will maintain a bullish trend. If gold wants to move out of a steady upward trend, it will not fall below the 3222 line during the day. In the short term, we refer to the points above 3222 to arrange long positions! In terms of operation, it is recommended to adjust the thinking, go long on the decline to 3240-3245 or directly chase the rise after breaking through 3270. At present, it is already long at 3243, and there is no more decline to continue long! Identify the long position during the day! On the whole, today's short-term operation of gold is recommended to focus on callbacks and short on rebounds. The short-term focus on the upper side is 3300-3310 resistance, and the short-term focus on the lower side is 3222-3245 support.
FOREXCOM:XAUUSDLong
by BlairClara
BTC Range Bound | Breakout Imminent ?👀 Welcome to my Trading View Analysis and Trading Channel Here , we share the latest market analysis, trading signals, and key insights together . Ready for smarter trades ? ⭐️ ⚡️Today , we're going to analyze the BTC( BitCoin) coin together on the daily timeframe and find triggers for our positions . 📊✨ Bitcoin 4H Technical Analysis & Weekly Outlook – May 6, 2025 🔸 BTC is currently trading within a consolidation range between $97,325 and $93,780, indicating a potential accumulation zone before the next major move. 🌀 🔍 Key Technical Levels: 📈 Resistance: Break above $97,325 could trigger a long entry, suggesting bullish continuation. 🚀 📉 Support: Drop below $93,780 may activate a short setup, signaling bearish pressure. ⚠️ 📐 Indicators Breakdown: 🔹 EMA 100 & 200: Positioned below price, supporting the bullish bias. 🟢 🔹 EMA 50: Currently sitting above the 4H candle, posing short-term resistance. 🔴 📉 Volume: Noticeable decline, showing market indecision – a common pre-breakout signal. 📊 📌 Key Pivot: A candle close above $94,021 would validate it as strong support. 🧱 📰 Positive Market Developments: 🏦 Morgan Stanley plans to offer spot BTC trading via E*Trade – institutional adoption accelerating. 📈 🏢 Strategy (MicroStrategy) signals further Bitcoin accumulation – corporate trust remains strong. 💼 💰 Over $1.8B flowed into U.S. BTC ETFs last week – investor appetite is growing rapidly. 🧲 📈 Analysts forecast BTC reaching $120K–$200K by end of 2025 – fueled by macro trends & halving cycle. 🌕 💡 Final Takeaway: 🔐 Bitcoin continues to prove itself as a valuable long-term asset, backed by rising institutional interest, robust on-chain fundamentals, and strong technical signals. 🌟 📊 Triggers for both long and short positions are clearly marked on the chart – stay sharp and manage risk! 🎯 I love you all so much . 👀 don't forget about capital management and risk management . Be careful with your positions . 🥇
by InnerCircleAnalysis
Ethereum (ETH): Rejection Inside Sideways Channel | Short SetupSellers showed strong dominance near the upper resistance zone, where, after multiple attempts to break out from this channel, buyers failed, and the price is declining now, leading it towards our supportive area and closer to our entry zone as well. As we also recently broke the 200EMA line, we are now aiming to see the price drop at least to that lower sideways channel zone, where we expect to see some liquidation hunting and eventually a clean breakdown, which would then open us an opportunity to move even lower. Swallow Academy
Short
by SwallowAcademy
INJ Breakdown in 1H | Bears in Control👀 Welcome to my Trading View Analysis and Trading Channel Here , we share the latest market analysis, trading signals, and key insights together . Ready for smarter trades ? ⭐️ ⚡️Today , we're going to analyze the INJ ( Injective) coin together on the daily timeframe and find triggers for our positions . 📉 INJ 1H Technical Breakdown The INJ coin is currently exhibiting signs of weakness on the 1-hour timeframe, having broken below the key support level at $9.18 and continuing its downward trajectory. This movement indicates a shift in market sentiment towards bearishness. Binance 🧭 Trend & Indicators: Downtrend Formation: A clear downtrend is forming, characterized by lower lows and lower highs, suggesting sustained selling pressure. Increasing Selling Volume: There's a noticeable increase in selling volume, reinforcing the bearish momentum. Binance RSI Approaching Oversold: The Relative Strength Index (RSI) is nearing the oversold zone, indicating potential for further downside but also cautioning traders of possible short-term reversals. Price Below SMAs: The price is closing below all three Simple Moving Averages (SMAs), signaling a continuation of the bearish structure. EMA 50 Rejection: A sharp rejection occurred after a retest of the EMA 50, followed by a strong red candle — a classic sign of bearish strength. 📰 Recent Developments: Price Decline: Over the past week, INJ's price has declined by approximately 8.3%, reflecting broader market corrections. CoinGecko Market Activity: Despite the price drop, Injective's trading volume remains robust, indicating continued investor interest and market activity. CoinCarp +15 crypto.news +15 Coinbase +15 Technical Patterns: Analysts have observed that INJ has broken below the $10.25–$10.30 support zone, triggering a bearish continuation pattern. Binance 📌 Trading Insight: With proper risk management and a solid trading plan, this setup offers a potential short opportunity. The technical signals are aligned, and momentum appears to favor sellers for now. 🎯 Watch for continuation patterns or lower time frame triggers to enter with precision. I love you all so much . 👀 don't forget about capital management and risk management . Be careful with your positions . 🥇
Short
by InnerCircleAnalysis
xauusd..1h chart patternHere’s a clear and structured analysis of your **Gold (Buy) Trade Setup**: ### **Trade Summary** - **Entry Price**: **3278** - **Target Price**: **3500** (**+222 points potential profit**) - **Stop Loss**: **3350** (**-72 points risk**) ### **Key Metrics** ✔ **Risk-Reward Ratio**: **1:3.08** (Excellent – Reward > 3x Risk) ✔ **Minimum Required Win Rate**: **~25%** (Profitable if 1 in 4 trades hits target) ### **Technical Validation** 1. **Trend Line Confirmation**: - Ensure the trend line has **at least 2-3 touches** (valid support). - Look for **higher lows** in price structure (bullish trend). 2. **Entry Trigger**: - Ideal if price bounces off the trend line with **bullish candlestick patterns** (e.g., hammer, engulfing). - Confirm with **RSI > 50** or **MACD turning bullish**. 3. **Target (3500) Justification**: - Previous resistance level? Fibonacci extension (e.g., 1.618)? - If purely trend-based, consider partial profit-taking near **3430-3450**. 4. **Stop Loss (3350) Safety Check**: - Place **below recent swing low** (if trend line is intact). - Avoid too tight—gold can be volatile. ### **Trade Execution Plan** ✅ **Enter**: On confirmation (e.g., bounce + close above **3285**). 🎯 **Profit-Taking**: - **1st Target**: 3400 (partial close 50%). - **2nd Target**: 3500 (trail stop). 🛑 **Stop Loss**: Strictly **3350** (if trend breaks). ### **Potential Risks** ⚠️ **False Breakout**: If gold drops below trend line before rallying. ⚠️ **News-Driven Volatility**: Fed rates/CPI data can cause sharp reversals. ### **Final Verdict** **High-Probability Trade** if: - Trend line is strong + Momentum supports upside. - Stop loss is respected (no emotional holding). Would you like help refining the entry trigger or adjusting targets? 🚀
OANDA:XAUUSDLong
by Robert055
GBPUSDInterest Rate Differential The Bank of England (BoE) is widely expected to cut rates by 25 basis points to 4.25% in early May 2025, with further cuts anticipated later in the year due to a downgraded UK economic outlook and weak growth forecasts. The Federal Reserve (Fed) has kept rates steady around 4.50%, with only modest rate cuts priced in for the remainder of 2025, reflecting a relatively stronger US economy. This creates a widening interest rate differential favoring the US dollar, which tends to weigh on GBP/USD. Directional Bias for May 2025 The GBP/USD pair faces downside pressure due to the BoE’s dovish stance and expected rate cuts versus the Fed’s more hawkish or steady policy.
Short
by Shavyfxhub
Yen Slips Toward 144 on Stronger DollarThe Japanese yen edged lower toward 144 per dollar on Tuesday, as the U.S. dollar strengthened amid optimism over potential U.S.-China trade talks and investor caution ahead of the Federal Reserve’s policy decision. President Trump suggested a possible reduction in tariffs on Chinese goods. Meanwhile, the Bank of Japan held rates steady but revised its growth and inflation outlook. Trading activity remained subdued due to a public holiday in Japan. Resistance is located at 145.90, followed by 146.75 and 149.80. On the downside, support levels are at 139.70, then 137.00 and 135.00.
by ChartMage
Euro H4 | Pullback resistance at 50% Fibonacci retracementThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.1426 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement. Stop loss is at 1.1583 which is a level that sits above a swing-high resistance. Take profit is at 1.1274 which is a multi-swing-low support that aligns close to the 38.2% Fibonacci retracement. 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 (tradu.com): 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 (tradu.com): 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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
EURUSD Channel Up favors buying but keep an eye on this.The EURUSD pair has been trading within a Channel Up pattern since the February 28 Low and its current Bearish Leg almost reached the 0.382 Fibonacci retracement level. That is where the previous Bearish Leg made a Higher Low (March 27) and rebounded. This keeps for now the bullish trend intact and it will remain so for as long as the price remains within the Channel Up. The short-term Target is the -0.236 Fib extension at 1.17500. If on the other hand it breaks below the Channel Up, be ready to take the small loss and sell towards the 1D MA200 (orange trend-line) at 1.08500, which is the level that supported the market on that previous March 27 Low. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot