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Key Support Area and Harmonic Pattern Formation: XRP/USDT is currently hovering around a crucial support zone, bolstered by the formation of an XABCD harmonic pattern. This pattern, coupled with the significant support level, suggests a potential reversal in the near term. Additionally, this area coincides with the 4-hour trendline, adding further confluence to...

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Overview: AUD/CAD is nearing a critical resistance at 0.88450, suggesting a potential downward move. Key Levels: - Resistance: 0.88450 - Stop Loss: 0.88850 - Take Profit Targets: - TP-1: 0.88050 - TP-2: 0.87700 Analysis: - Bearish Bias: The probability of downward movement is high. - Entry: Consider short positions on a re-test of 0.88450. - Stop-Loss:...

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AUDCHF is testing a Support area of 0.58060. Also, it's at the strong 4-hour trendline. We are expecting a trend continuation and our profit target will be the next Resistance zone of 0.58600.

trading_jupiter Updated 

Market Overview: At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook. Entry and Stop Loss: Based on the analysis, a strategic entry point is identified at...

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USDCHF is testing its resistance area after forming a double top. A Bearish Divergence is an additional confluence to our Bearish Bias.

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The GBPUSD currency pair has recently completed the formation of an XABCD harmonic pattern, with a notable rejection observed at point D around 1.2580. This rejection signifies a potential reversal in the price action. Presently, the pair is consolidating within this region, suggesting a period of indecision among market participants. Our analysis indicates a...

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Entry: Short position recommended upon retest of 1.25800 support-turned-resistance. Stop Loss: Place stop loss near 1.26200 to mitigate potential losses. Take Profit Targets: - TP-1 : 1.25390 - TP-2: 1.24980 Conclusion: Favorable short trading opportunity post-breakdown. Maintain disciplined risk management. Disclaimer: Trading forex carries high...

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Overview: CAD/JPY has exhibited a significant pattern formation, indicating a potential shift in market sentiment. The XABCD Gartley harmonic pattern has materialized, with a notable rejection occurring at point D, coinciding with the critical level of 112.000. This rejection aligns harmoniously with the 4-hour Bearish Trendline, reinforcing the significance of...

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Gold (XAUUSD) Analysis @4hrs. Gold may Retest its previous support level at 1956 and then the Bearish move will continue. Gold has just shifted from Ascending to Descending channel.

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An inverted head and Shoulder pattern formed and the price moved up. There is a Buy opportunity at the breakout of the resistance level.

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We have witnessed an inverted head and shoulder pattern. The resistance level has been breached which indicates a clear Bullish Run.

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Trade Plan: Wait for the Price Re-Test near point H. If the price is not able to break the Resistance (Previous Support) then wait for a Strong Bearish Candle Closure and then place an order. Place an SL above the Resistance and TPs at 1:1, 1:2, and 1:3. If it breaks the Potential Support 1, then the price may go down to Potential Support 2 and 3.

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USDJPY Short Opportunity: Entry: 142.820 SL: 143.550 TP-1: 142.120 TP-2: 141.550

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Buy Stop: 1.2540 Stop Loss: 1.2490 TP-1 : 1.2590 @ 1:1 Risk / Reward Ratio TP-2: 1.2640 @ 1:2 Risk / Reward Ratio

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AUD : CHF Bearish Trend Continuation Pattern @ 1hr Entry Price: 0.59650 Stop Loss: 0.59970 TP-1: 0.59330 @ 1:1 Risk/Reward Ratio TP-2: 0.59010 @ 1:2 Risk/Reward Ratio

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AB = CD Harmonic Pattern formation has been observed which indicates an increase in the Silver Price (USD). You can buy at 25.150 price point. Place a Stop Loss at 24.760. Take Profit 1 @ 1:1 risk/reward will be 25.509 and Take Profit 2 @ 1:2 risk/reward, will be 25.890.

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Account Size: 9000 Lot Size: 0.20 @ 1% Risk Entry Price (Sell Stop): 0.87701 Stop Loss: 0.88069 TP-1: 0.87312 TP-2: 0.86935

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EUR/AUD 1 hr Bullish Rectangle Pattern Account Size: 9000 Lot Size: 0.1 @ 1% Risk Entry Price (Buy Stop): 1.62650 Stop Loss Price: 1.61360 TP-1: 1.63945 TP-2: 1.65230