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Harmonic Patterns

Can EUR/USD Break Through the Range Constraint?The EUR/USD exchange rate continues to maintain a range-bound consolidation trend, currently trading around 1.1400. The dovish statements from European Central Bank (ECB) policymakers are offset by the positive economic signals in the Eurozone, leading to a wait-and-see sentiment in the market. In the short term, the EUR/USD exchange rate is expected to remain in a narrow range consolidation pattern. Technically, the exchange rate needs to break through the recent high to sustain the upward momentum; otherwise, it may return to the broader range of 1.12-1.15. Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
by Ashbur
POSSIBLE SHORT AND LONG POSITION Hi traders. 🥲 no one is listening but I’m still going to post 🥺🥺 Anyway, a new session trade. This is what’s happened: I’ve opened a short position around the short mark, if you look closer 👀 this isn’t exactly on the high of the tick or the high of the wick in the highest of the London session. This is because I entered in a bit late. But late enough I was. I saw a small dip then the spike which nearly caused me to hit my stop loss. The stop loss hasn’t hit yet, and it’s now on a rally going down, hopefully it doesn’t bounce back up. The 3 drawings that I have set out the session high and low, and future position and one more drawing marking out the bullish movement. Short position has been entered and not is going down to TP, I have an alert on the TP and the SL and I also have alerts on new highs and lows Have fun traders
OANDA:XAUUSD
by MRREEDS
GBPUSD – Holding the Uptrend, Eyeing Resistance BreakoutThe GBPUSD pair continues to respect a well-defined ascending channel on the H4 chart. Each time price retraces to the lower boundary, buying pressure has consistently stepped in. Currently, price is hovering near the channel’s lower edge and the EMA89 – forming a technical support area around 1.35370. If this zone holds, there is a strong potential for a rebound toward the resistance zone near 1.36100–1.36300, which has rejected price twice before. From a news perspective, markets are awaiting the U.S. CPI report tomorrow. If inflation data comes in weaker, expectations for the Fed to cut interest rates will increase, putting pressure on the USD and allowing GBP to extend gains. Additionally, the Bank of England is expected to maintain a more hawkish stance due to persistent domestic inflation – which further supports the pound’s upward momentum. Watching the EMA and lower channel boundary is key. If a clear bullish signal forms at this zone, a trend-following long strategy could carry a high probability of success.
Long
by Rocky_trade_
Today's gold price: continue to short around 3350Today's gold price: continue to short around 3350 Currently, gold prices are suppressed by fundamentals The easing signals released by the Sino-US trade negotiations have weakened the demand for safe-haven assets, but the Fed's interest rate cut expectations and geopolitical situation still provide support. Under the interweaving of long and short factors, gold prices are volatile. Key price: Resistance: $3365 (upper edge of daily range), $3340-3350 (4-hour chart pressure level) Support: $3300 (midline of daily range/psychological barrier), $3250 (strong support area) Operation strategy: Short order opportunity (main strategy) Entry area: $3347-3352 (near the upper edge of the 4-hour chart pressure level) Stop loss: $3365 (if the upper edge of the daily range is broken, the trend may turn strong) Target: First target: $3335 (midline support level of hourly chart) Second target: $3310 (lower track of 4-hour chart/extension of intraday low) Risk warning Event risk: If the Sino-US negotiations deteriorate unexpectedly, or the Federal Reserve unexpectedly releases dovish signals, it may trigger safe-haven buying of gold and break through the 3365 pressure.
OANDA:XAUUSD
by Louisa21210
GBPUSD stuck in a tight range - Waiting for the final moveGBPUSD stuck in a tight range - Waiting for the final move On Thursday, GBPUSD tested 1.3590 again and briefly reached 1.3615, but the bullish attempt failed. The price dropped back below the resistance zone. For almost two weeks, GBPUSD has been moving up and down in this area. No major economic events are expected this week. However, US and China officials will meet in London on Monday, June 9. Optimism for a deal is high, and this could push GBPUSD lower from this zone. Bearish targets: 1.3425, 1.3350, 1.3250, 1.3170. ⚠️ Watch out! This pair is heavily influenced by news. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Ple ase support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
16
If the 3300 support line is still valid, you can continue to buyAs for gold, as I analyzed, I gave a long strategy at 3310-18 this morning. So far, the lowest level has rebounded to 3340. At the same time, we have also notified the real market to go long. I believe that friends who follow me can see it. Today, we focus on the important support position of 3300-06. The trend is still mainly to go long. We must operate under the premise of following the general trend. Only in this way can we achieve stable operation. From the 4-hour analysis, the short-term support below is around 3315-21. The daily level stabilizes at this position and continues to see the strong upward rhythm of bulls. Focus on the support of 3300-06. Pay attention to the suppression of 3345-3348. The main tone of low-long participation around this range remains unchanged during the day. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the trading session, and pay attention to it in time. Gold operation strategy: 1. Buy when gold falls back to 3321-3328, and buy when it falls back to 3312-16, stop loss at 3308, target at 3345-3348;
PYTH:XAUUSDLong
by WillChurchill
1
S&P500 No signs of stopping here. Can hit 6900 before years end.The S&P500 index (SPX) has turned the 1W MA50 (blue trend-line) into Support, successfully testing it and holding and is now going for the All Time High Resistance test. Based on its 1W RSI structure and candle action, it resembles the previous times since 2023 that after a quick consolidation, it broke upwards again aggressively. As you can see, both of those Bullish Legs that started on the 2023 Higher Lows trend-line, hit at least their 1.618 Fibonacci extension before a new 3-week red pull-back. In the case of 2024, even the 2.0 Fib ext got hit a little later. As a result, we expect to see at least 6900 (Fib 1.618) before the end of 2025, with the good case scenario (Fib 2.0) going as high as 7500. ------------------------------------------------------------------------------- ** 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. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:US500
by TradingShot
1
BTC 4H – Critical Support Zones Being TestedCRYPTOCAP:BTC is currently retesting its $107.2k support, which has now turned into resistance after a decisive breakdown. Support Levels to Watch: - Upper Support Zone: $105k – $104.4k - Lower Support Zone: $101.4k – $100.7k Bounce from $104.4k–$105k will be a temporary relief, but it needs strength to reclaim $107.2k. If the upper zone is not held, the next leg will be towards the lower zone, near $101.4k—$100.7k. Breakout confirmation only above $110k (previous rejection zone). The market is showing signs of weakness, especially with increased selling around resistance. Avoid rushing into trades—better setups may come if key zones hold or break. Tip: Watch for bullish divergences or strong volume at the lower support for potential reversal setups.
by persis10t