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Harmonic Patterns

USDCAD / U.S. Dollar – Canadian Dollar (4H) – ABC Bearish PatterUSDCAD / U.S. Dollar – Canadian Dollar (4H) – ABC Bearish Pattern Completion at PCZ Pattern Overview: Pattern Type: ABC Bearish (Potential Reversal) Asset: USDCAD Timeframe: 4H Trade Type: Short Bias – Rejection observed near PCZ zone 🔎 Key Levels XA: 1.37880 → 1.35574 AB: 1.35574 → 1.37742 BC: Completed right into the PCZ, aligning with 127.2% and 161.8% projection zones Rejection confirmed below 1.3774, entering pullback 📐 Fibonacci Extensions & Key Ratios 127.2% Projection: 1.37368 161.8% Extension: 1.37855 Retracement Target Zone (PCZ/Support): 50.0% = 1.36842 61.8% = 1.36629 💡 Price Action & Setup The price has completed a textbook ABC structure into a confluence projection zone (PCZ), showing signs of exhaustion at 1.3774. This area aligns with a previous swing high and fib confluence, now acting as resistance. The first leg of the pullback is underway, and momentum is favoring a deeper move toward the 1.3680 – 1.3660 PCZ, which aligns with key fibs and 200 SMA support. 🧠 Market Sentiment DXY consolidating near highs – potential exhaustion Crude oil stabilizing supports CAD CAD correlation is enhancing bearish weight on this pair post-ABC 📊 Next Potential Movement Targeting the 1.3680–1.3660 support cluster If PCZ fails to hold on any retest → potential continuation down toward 1.3600 swing Resistance to watch: 1.3737–1.3750 (any candle close above this weakens setup) 🛡 Risk Management Short entries from the 1.3760–1.3770 area are valid Stop-loss ideally above 1.3790 (beyond 161.8%) Scaling out near 1.3680 and 1.3660, both technical targets and 200 SMA confluence 📌 Conclusion Price completed a high-probability ABC Bearish structure and is now reacting from a strong confluence zone. While confirmation is still unfolding, momentum favors downside, and all eyes are on the next leg toward the PCZ support range. “Bearish patterns are warnings, not guarantees. But confluence zones give them authority.”
Short
by TradeChartPatternsLikeThePros
EURUSD / Euro – U.S. Dollar (4H) – ABC Bullish Structure EURUSD / Euro – U.S. Dollar (4H) – ABC Bullish Structure with Double Bottom Base Pattern Overview: Pattern Type: ABC Bullish + Corrective Double Bottom Asset: EURUSD Timeframe: 4H Trade Type: Bullish Bias – Monitoring for continuation after rejection from cluster support 🔎 Key Levels XA: 1.14663 → 1.18299 AB: 1.18299 → 1.16292 BC: 1.16292 → 1.17216 CD: Completion just under 1.15621 cluster Major Fib Cluster: 0.707% XA, 0.886 AB, 50% CD, Prior Horizontal Support Zone 📐 Fibonacci Extensions & Key Ratios 38.2% retracement: 1.16180 50.0% retracement: 1.15750 161.8% extension: 1.18150 💡 Price Action & Setup Price has completed an ABC corrective leg, forming a clean double bottom at the D point, hovering over the fib-rich support cluster. The rejection candle shows buyer interest, and the recent higher low structure implies potential for continuation, especially if price reclaims and holds above 1.1650 short-term structure. 🧠 Market Sentiment DXY easing slightly after strong dollar dominance EUR macro calendar quiet – technicals may dominate next moves Strong base = smart money accumulation likely underway 📊 Next Potential Movement Break above 1.1675 opens path toward 1.1720, then possibly 1.1815 If 1.1575 cluster fails → risk of full XA retracement 🛡 Risk Management Aggressive long entries already in play Conservative entries should wait for higher low confirmation above 1.1650 Protective stop: under 1.1550 zone 📌 Conclusion This is a bullish structure with a corrective double bottom base sitting right inside a dense confluence zone. Price is compressing between key fibs – expect a directional move next week. Keep your eye on the 1.1675 breakout or 1.1570 loss for next major decision. “In the densest zones of indecision, patterns and confluence provide the clearest map.”
Long
by TradeChartPatternsLikeThePros
EUR/CHF (2H). | Elliott Wave Structure📊 Technical Structure (2H) ✅ Channel structure remains intact ✅ Wave (4) nearing completion within resistance ✅ Strong sell zone between 0.9345–0.9363 📌 Downside Targets First: 0.93129 Final: 0.92721 🔻 Invalidation Zone Above: 0.93634 (Break above would invalidate current wave count) --- 📈 Market Outlook EUR Weakness: Dragged by soft PMIs and ECB's dovish stance. CHF Strength: Risk-off flows favoring Swiss Franc demand. Structure: Elliott Wave alignment supports further downside. --- ⚠️ Risks to Watch Breakout above 0.9364 invalidates bearish count Sudden shift in SNB or ECB policy stance Broader EUR strength spilling into crosses --- 🧭 Summary: Bias and Watchpoints EUR/CHF is likely to resume its downtrend from the current resistance zone, with a Wave (5) extension aiming toward 0.9272. While the setup offers a clean R:R, tight risk control is crucial above 0.9364. Watch for confirmation candles and bearish reaction from the red zone. ---
Short
by Greenfireforex
ETHUSD - ANOTHER GROWING WEEK ETHUSD - ANOTHER GROWING WEEK✅ ETHUSD has been growing all these days together with a bitcoin. All the news, listed in my previous post for the BTCUSD are also valuable here. Really nice fundamental support, people are purchasing the asset. But what's with technicals? 📊 Compared to the bitcoin, ETHUSD hasn't reached ATH. According to a daily chart (pic 1), the price has been moving sideways since 2021 and a strong resistance is waiting ahead at 4,000.00. However, for now we are good. I bet that during upcoming days the asset will reach this level and rebound from it. Will it break the resistance? I think it is too early to make any conclusions.
CAPITALCOM:ETHUSDLong
by ProfessorSingapore
It's a time for Peloton Interactive, Inc. (PTON)-Target 8.20 $The chart analysis for Peloton Interactive, Inc. (PTON) suggests a potential rise with a target of 8.20 USD. The 4-hour chart indicates a recent downtrend from a peak around 10 USD, with the current price stabilizing near 6.30 USD. A key support level is observed around 6 USD, which could provide a strong base for an upward move. The 50-day and 200-day moving averages are converging, hinting at a possible trend reversal if buying pressure increases. Breaking through the resistance at 6.50-6.70 USD, a recent consolidation zone, could trigger a rally. With rising volume and bullish candlestick formations, the price may aim for 8.20 USD, a significant resistance level based on prior highs. The RSI, currently in oversold territory, could support this upward movement if it starts to recover, indicating renewed momentum. However, a drop below 6 USD support could invalidate this outlook and lead to further declines. Potential TP: 8.20 USD
NASDAQ:PTONLong
by darksignal
AUDUSD – bullish momentum returns, ready for a breakout?AUDUSD is showing clear strength after rebounding from a key support zone. The bullish structure remains intact with a series of higher lows, and the ascending trendline continues to hold. The recent pullback appears to be a healthy retracement before the market gathers momentum for the next leg up. On the news front, the pair is supported by strong Australian employment data and expectations that the Federal Reserve will keep interest rates steady. This has slightly weakened the US dollar, giving AUD room to recover. If buying pressure holds, AUDUSD could break through the overhead resistance and enter a new bullish phase. Now is the time for traders to watch price action closely and wait for a clear confirmation signal!
Long
by Rocky_trade_
USDCAD SELLUSD/CAD retakes 1.3700, eyes multi-week top amid a broadly firmer USD The USD/CAD pair attracts some dip-buying during the Asian session on Thursday and climbs further beyond the 1.3700 mark amid a broadly firmer US Dollar. Spot prices have now reversed the previous day's retracement slide from a three-week high and seem poised to appreciate further The year will be politically marked by Trump’s return to the White House. A Republican government is seen as positive for financial markets, but Trump’s pledge to cut taxes and impose tariffs on foreign goods and services may introduce uncertainty to both the political and economic landscape. Canada’s political crisis peaked in late 2024 with a no-confidence vote against Prime Minister Justin Trudeau, leading to snap elections and a weakened Liberal minority government. Policy uncertainty and economic challenges dominate 2025’s outlook, raising concerns over market stability and investor confidence. The BoC is set to continue easing interest rates through 2025, at least at a faster pace than the Fed is expected to, which could apply pressure on CAD’s already-rising rate differentia TP 1 1.37214 TP 2 1.37095 TP 3 1.36987 RESISTANCE 1.37413
Short
by Mark804
GBPUSD BUYGBP/USD rises to near 1.3450 due to improved market sentiment, UoM Consumer Sentiment eyed GBP/USD gains ground after registering small losses in the previous session, trading around 1.3440 during the Asian hours on Friday. The pair appreciates as the US Dollar edges lower due to dovish remarks from the Federal Reserve officials. The Relative Strength Index (RSI) indicator on the 4-hour chart stays below 40, reflecting bearish conditions for GBP/USD. The Fibonacci 61.8% retracement level of the latest uptrend seems to have formed a pivot level at 1.3400. In case GBP/USD fails to stabilize above 1.3400, technical sellers could remain interested. In this scenario, 1.3300 (Fibonacci 78.6% retracement) and 1.3275 (100-day Simple Moving Average) could be seen as next support levels. On the upside, resistance levels could be spotted at 1.3470 (Fibonacci 50% retracement), 1.3500 (static level, round level) and 1.3540 (Fibonacci 38.2% retracement). TP 1 1.34403 TP 2 1.34859 TP 3 1.35407 RESISTANCE 1.33627
Short
by Mark804
Silver Rebounds Toward $38 as Dollar EasesSilver rebounded toward $38 per ounce on Friday, recovering from a two-day decline as the U.S. dollar and Treasury yields eased. The move reflected shifting sentiment on Fed policy and trade conditions after earlier losses sparked by inflation data that reduced hopes for near-term rate cuts. U.S. stock futures edged higher following record closes for the S&P 500 and Nasdaq, driven by strong retail sales, lower jobless claims, and optimism in AI-related tech stocks after Taiwan Semiconductor’s positive forecast. On monetary policy, Fed officials remain divided: Mary Daly expects two rate cuts this year, while Adriana Kugler urges caution due to tariff-driven inflation. President Trump reinforced trade tensions by sending letters to over 20 partners setting new tariffs between 20% and 40%. In corporate updates, United Airlines expects stronger earnings in the second half of 2025, and Chevron signaled higher future cash flow as production in its top U.S. oil field nears a plateau. Resistance is at 38.50, while support holds at 37.20.
TVC:SILVER
by ChartMage
Yen Rebounds as Japan Inflation Stays ElevatedThe yen rose to around 148 per dollar on Friday, recovering from the previous day’s decline as markets assessed fresh inflation figures. Japan’s inflation eased slightly to 3.3% in June from 3.5% in May but remained above the Bank of Japan’s 2% target for the 39th straight month. This persistent overshoot has intensified speculation about possible policy tightening by the central bank. Resistance is at 149.30, with major support at 147.50.
by ChartMage
Pound Pressured by Firm Dollar and UK Data ReviewThe British pound held near $1.339 on Friday, its lowest level in eight weeks, as the U.S. dollar strengthened. The dollar reached a three-week high after President Trump confirmed he would not remove Fed Chair Jerome Powell, despite continued criticism of the Fed’s careful stance on rate cuts. In the UK, markets are closely reviewing recent employment and inflation data. While the labor market shows signs of weakness, updated tax records suggest the slowdown may not be as severe as previously thought. Resistance is at 1.3535, while support holds at 1.3380.
by ChartMage
EUR/USD Drops to $1.16 Amid Strong U.S. DataThe euro declined to $1.16 on Thursday, reaching its lowest level in almost a month as the U.S. dollar regained strength. The dollar’s rise followed solid U.S. inflation data and President Trump’s comments suggesting he will keep Fed Chair Jerome Powell in place, reducing expectations for near-term Fed rate cuts. Meanwhile, markets continued to monitor U.S.-EU trade negotiations ahead of the August 1 deadline. Resistance for the pair is at 1.1670, while support is at 1.1580.
by ChartMage
GBPUSD / British Pound – US Dollar (1D) – ABC Bullish Pattern (R Hello awesome traders! 👋 Hope you’ve collected some good pips this week — I’m closing out with one more chart for your weekend review. Let’s take a look at this Daily ABC Bullish structure on Cable with precision symmetry and a strong technical reaction. 📌 Pattern Overview 🔹 A beautifully measured ABC Bullish corrective wave unfolding:  • A = 1.31392  • B = 1.37882  • C = 1.33645 🔹 Price has respected the PCZ (Potential Completion Zone) — aligned right on the 61.8% retracement of the AB leg 🔹 From the PCZ, price has started a reaction leg and is now working toward fib-based targets: 📍 TARGET 1 Zone  • 50% = 1.35736  • 61.8% = 1.36229 📍 TARGET 2 Zone  • 61.8% = 1.37566  • 78.6% = 1.38746 📈 What We’re Watching ✅ Bullish reaction off 1.336x zone confirms structure ✅ Price moving back toward mid-range fib levels ✅ We’re currently between PCZ and the first resistance shelf at 1.3500 🔸 Momentum confirmation needed above 1.3550 to lock in the push toward TP1 🧠 Key Concepts ✅ Textbook ABC symmetry ✅ PCZ anchored by 61.8% fib and prior structure ✅ Clear fib ladder: 50/61.8 → 61.8/78.6 ✅ Swing low invalidation: break below 1.33645 🗝 Final Thoughts It’s the kind of pattern that builds conviction without noise. Let price continue to unfold. We'll be collecting on TP1 first and reassessing next week for potential rotation toward TP2. “Patterns don’t predict – they prepare. Breakouts confirm the plan.” —Constantino DeLa. @tradechartpatternslikethepros.
Long
by TradeChartPatternsLikeThePros
Perfect Sync: V Reversal Meets Bull Flag Two clean and classic technical structures: ✅ V-Reversal Formation ✅ Bull Flag – still active and building pressure After a sharp reversal, the price entered a bullish continuation phase. Currently moving within the flag structure toward its upper edge. If we see a breakout to the upside, the move could match the flagpole length, which aligns well with the target from the V-reversal pattern. 📍 Bullish scenario remains valid as long as we stay within structure. 📉 Breakdown below $570 invalidates this setup. 🧠 Important Reminder: Enter only after a confirmed breakout. ✅ Apply strict risk management ✅ Never risk more than 1% of your capital on a single position. Everything’s clear. No noise. Just wait for confirmation — let the market come to you.
by TrendShot
XAUUSD ANALYSIS – JULY 18XAUUSD ANALYSIS – JULY 18: STRATEGY BASED ON FIBONACCI, TRENDLINE & STRUCTURE 1. XAUUSD Technical Overview (4H Chart) Gold (XAUUSD) is currently trading around 3,343 USD, showing signs of a slight rebound from key support. On the 4H timeframe, the price structure is forming higher lows, maintaining above a short-term rising trendline – a technically bullish signal. 2. Key Support & Resistance Zones Immediate Supports: 3,338 USD: aligning with the 0.618 Fibonacci retracement – a zone tested multiple times. 3,333 – 3,335 USD: strong support, overlapping with EMA and rising trendline. 3,327 USD: previous swing low – last defense for the bullish structure. Immediate Resistances: 3,345 – 3,346 USD: frequently rejected zone in recent sessions. 3,350 USD: psychological and technical resistance. 3,358 USD: recent swing high – breakout confirmation level. 3. Price Action & Fibonacci Confluence Price is currently hovering between Fibo 0.5 (3,343 USD) and Fibo 0.618 (3,338 USD) – a potential bounce zone if bullish momentum holds. The pullback from 3,358 to 3,286 has respected standard Fibonacci retracement levels, confirming technical price behavior. 4. Trendline Analysis The ascending trendline from the 3,275 USD low remains intact, providing solid dynamic support. If the price continues to bounce from this trendline, it may form a bullish continuation pattern (flag/pennant). 5. Suggested Trading Strategies Long Entry: 3,338 – 3,340 USD SL: 3,327 USD TP: 3,345 – 3,350 – 3,358 USD Note: Buying the dip near Fib & trendline Short Entry: Below 3,327 USD (breakdown) SL: Above 3,340 USD TP: 3,310 – 3,298 USD Notes: Only if price breaks trendline & support 6. Supporting Technical Indicators EMA20/EMA50 show slight upward momentum – early bullish bias. RSI (14) hovers near 50 – neutral zone, awaiting breakout confirmation. Conclusion: Gold is consolidating around a critical support zone. The short-term bias leans bullish if the 3,338 – 3,333 USD region holds and price breaks above 3,346 – 3,350 USD. This is a key moment to position early using Fibonacci and trendline confluence. 👉 Follow for more strategies in upcoming sessions. Save this if you find it useful! Do you have a different view? Share your thoughts in the comments below!
FX:XAUUSD
by Henrybillion
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