Harmonic Patterns
XAUUSDHello Traders! 👋
What are your thoughts on XAUUSD?
Gold is approaching a significant resistance zone that it has tested multiple times without breaking through. At this point, there are no clear signs indicating the strength to surpass this level. It is anticipated that gold may react to this resistance and undergo a downward correction, potentially reaching the specified target level mentioned in the analysis.
Don’t forget to like and share your thoughts in the comments! ❤️
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Following on from the initial KOG Report we've not done too badly managing to plot the path for the move and jump on board with it over the week. Yesterday we wanted that pullback into the 2685-90 region to continue with the bias and the bias levels which didn't hit exactly but the move continued and we've completed all of our targets for the week.
Now, again we're a bit high, so if you're looking for trades the only option is to wait for the pull back, or for those on the boxes and scalping, look for a reversal from above, if not broken, support has flipped 2710!
For us, a great week on the gold and the rest of the markets, we'll be taking it easy tomorrow.
KOG’s Bias for the week:
Bullish above 2650 with targets above 2700✅, 2706✅ and above that 2716✅
Bearish on break of 2650 with targets below 2640 and below that 2635
RED BOXES:
Break above 2690 for 2700✅, 2703✅, 2706✅, 2710✅ and 2724✅ in extension of the move
Break below 2680 for 2667, 2665, 2655 and 2640 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Bitcoin - This Month Will Decide Everything!Bitcoin ( CRYPTO:BTCUSD ) is still rather bullish:
Click chart above to see the detailed analysis👆🏻
In December of 2024, we saw a little pause during the overall bullish crypto bullrun, which was actually quite expected after the recent rally of about +500%. This could still turn into a false breakout, but since everything looks rather bullish, new all time highs are much more likely.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
This currency pair has found support upon reaching the bottom of the channel and a key support zone. A bullish move is anticipated from this level, with the price expected to rise at least to the top of the channel and the specified resistance area.
Don’t forget to like and share your thoughts in the comments! ❤️
BITCOIN new ATHs !? BITCOIN new all-time highs ?!
Hello ❤TV community 👋
The new year is still young and the bulls could really take off here ...
Here with a bullish option and a WolveWave(WW) and the targets on the upside.
🖥Intraday chart (12h) and everything important
💡 Everything important in the chart 👀
💥bullish CYPHER Harmonic 👀
👉Volume analysis 👀💪
👉Daily MA50 re-test 👀🔥
🔥BITCOIN roadmap/outlook (from 27th february 2024)
If you like this idea, please leave me a 🚀 and follow for updates 🔥⏰
Furthermore, any criticism is welcome as well as any suggestions etc. - You're also very welcome to share this idea.
Have a nice evening & successful trading decisions 💪
M_a_d_d_e_n ✌
NOTE: The above information represents my idea and is not an investment/trading recommendation! Without any guarantee & exclusion of liability!
ADA: Bullish continuation is imminent! If you're looking to trade ADA at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above $1.08 and take profits at the levels shown in the chart.
Targets:
1. $1.12
2. $1.18
3. $1.28
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Public trade #11 - #BTC price analysis ( Bitcoin )At the moment, the CRYPTOCAP:BTC price is making an A-B-C correction within the channel quite harmoniously.
The idea is as follows:
🔽now the market is correcting for a few days and the lower the better.
🔼And then on January 20, Trump will be inaugurated and, as the “messiah,” he will “make life easier” for crypto investors by some decree and the market will break out in growth.
1️⃣ So the first stop of the OKX:BTCUSDT correction should be around $93-94k, and from there, growth can break up to $110k.
2️⃣ The second option is a correction of the #Bitcoin price around $86-87k.
❗️ It's also worth remembering that 29.01.25 is the announcement of the “fresh” Fed Funds rate. And given the fact that inflation has increased this month, the Fed's rate cut is in jeopardy, at best it will be left unchanged.
P.S:
Please excuse the fact that there are so many levels on the chart, but they work well and can be used in trading!)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Dow Jones - Trading 2025 Is Pretty Clear!Dow Jones ( TVC:DJI ) will create another green year:
Click chart above to see the detailed analysis👆🏻
For the past 15 years, the Dow Jones has been respecting two significant rising trendlines. With each of the previous cycles being around +80% and corrections always starting with the new year, everything is pointing towards another phenomenal stock market year.
Levels to watch: $50.000
Keep your long term vision,
Philip (BasicTrading)
BITCOIN The minimum target of this Cycle is $185kIf you follow us for long, you know that we are very fond of using Fibonacci levels on Bitcoin (BTCUSD) Cycles in order to project future tops and bottoms. Today is one of those analyses, in fact it is a strong variation of the following Inverse Head and Shoulders call:
As you can see, that was based on the condition that BTC would make a first hit and rejection on the 0.786 Fib retracement and then (as it happened on the previous Cycle) would go for a Cycle Top on the 2.0 Fibonacci, which gives us a $165k Target.
Since the 0.786 Fib never really offered the rejection of the previous 3 Cycles, we are introducing a variation model with new parameters.
We take the Fib extension from the bottom of each Cycle to the moment it made contact with the 1W MA50 (blue trend-line). As you can see by applying these conditions, every Cycle since BTC's inception has hit at least the 5.0 Fibonacci extension, with all Cycles in fact making a perfect Top there with the exception of 2017, which even exceeded it.
As a result, we can claim that this Cycle will have a minimum peak at $185000.
How realistic do you think this is for the 'bad case scenario'? Feel free to let us know in the comments section below!
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👇 👇 👇 👇 👇 👇
USDCAD H4 | Bearish ContinuationBased on the H4 chart, the price is currently at our sell entry level at 1.44019, which is a pullback resistance near the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 1.43068, aligning with a swing low support level, marking a logical target for the trade.
The stop loss is set at 1.44585, a swing high resistance, providing room for price fluctuations while protecting against invalidation of the bearish bias.
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 (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘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.
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EURUSD
Successful trading requires thoughtful planning and a strong focus on risk management. In the case of EUR/USD, a sell entry is set at 1.03064, with three take-profit levels at 1.02000, 1.01000, and 1.00000. These targets are strategically chosen as points to lock in profits if the price moves downward as expected.
To limit potential losses, a stop-loss point is defined at 1.05060. This safeguard ensures the trade is automatically exited if the market moves against the position, protecting the trader’s capital from significant losses. Setting a stop-loss is a fundamental step in managing risk effectively.
A key rule in trading is to never risk more than you can afford to lose. Utilizing tools like stop-loss orders and spreading investments across various assets helps minimize risk exposure and provides greater stability in a volatile market.
Trading success also depends on the ability to learn and adapt. Markets are dynamic, and staying updated on economic trends, technical indicators, and global developments is essential for refining strategies and improving decision-making.
Patience and discipline are indispensable traits for traders. By adhering to a well-structured trading plan, setting achievable targets, and avoiding emotionally driven decisions, traders can significantly improve their chances of consistent success.
Each trade, whether it results in a profit or a loss, offers valuable lessons. Analyzing outcomes and identifying areas for improvement is crucial for growth in the highly competitive trading environment.
By combining disciplined execution, robust risk management, and a commitment to continuous learning, traders can navigate the complexities of the financial markets and build a foundation for long-term success.
Head and Shoulders reversal, Bitcoin will usher in a big crash!!We have special charting tools to highlight famous Head & Shoulders reversal pattern (in yellow).
I spotted this textbook pattern today and would like to share this educational post with you.
It was shaped by three peaks with the highest (Head) in the middle.
The Right Shoulder reached its climax right at the top of the Left Shoulder.
It makes the pattern more symmetric.
There is a Neckline that intersects both valleys of the Head.
Its a reversal pattern and the trigger is located at the Neckline under the Right Shoulder
around 91.7k.
The target is measured subtracting the height of the Head from the trigger point.
It was highlighted in the chart at 75k.
The collapse could be painful.
This might prove the old traders saying "buy rumors (Tramp promises), sell facts (reality)" for Bitcoin.
LONG LONG LONG? No, it's shortOver the past few months, 9 out of 10 setups on TradingView have been long positions, even the charts are almost same with just an arrow to 2-3-4-1000x ;D
They're fooling you like goys, yet you still boost those ideas more, while short setups get laughed at with silly emojis
In the end, though, I'm the one laughing :)