URAUD – Bullish BAT Harmonic Pattern Formed ?? ✅ Pattern Overview: Pattern Type: Bullish BAT Harmonic Status: Completed or nearing completion at PRZ (Potential Reversal Zone) Timeframe: Typically visible on 1H / 4H / Daily Bias: Bullish Reversal Expected from PRZ ? Harmonic Breakdown: XA: Strong bullish leg AB: Retraces 38.2–50% of XA BC: Retraces 38.2–88.6% of AB CD: Extends to 88.6% of XA → Pattern completes at D, where buyers are expected to step in ? Key Bullish Zone: Around D-leg @ 0.886 retracement of XA ? Often aligns with demand zone or structural support ? Trade Plan – LONG Setup Entry: Buy near PRZ (D-point) — ideally with confirmation candle or bullish divergence Look for RSI bullish divergence, pin bar, engulfing, or trendline break Stop Loss: Just below the X-point or the low of the PRZ Take Profit Targets: TP1: 38.2% of AD TP2: 61.8% of AD TP3 (Optional): Full retrace toward point B Risk-to-Reward Ratio: At least 1:2 recommended ⚠️ Things to Watch: Confirmation is key — wait for signs of reversal (momentum indicators, volume, price action) Fundamentals like EUR or AUD news/events could cause volatility Use structure confluence for extra confidence
In today’s analysis, we examine Bitcoin’s price action as it continues to respect a descending channel pattern. With current price consolidating at the upper boundary of this channel, traders are now questioning whether BTC will break out or reject and rotate lower. Key Points Covered in This Article: - Bitcoin is currently consolidating at resistance of the descending channel - A break of the recent swing low could lead to a drop to $67,400 support - Confirmation of bullish breakout requires volume-backed move above channel resistance Bitcoin is currently pressing into the top boundary of a descending channel, where resistance is holding firm. On the lower time frame, price action has entered a period of consolidation — a key sign of indecision. However, from a structural point of view, resistance remains resistance until broken. A failure to break through the upper boundary could accelerate downside momentum. Should the current swing low be breached, traders can expect a move toward the lower boundary of this descending channel, situated around $67,400. This level will act as the next significant support, and it may provide a potential entry for reversal plays, depending on how price behaves upon reaching it. For bullish continuation to occur, Bitcoin must decisively break above the descending channel with strong volume confirmation. Without this signal, any moves to the upside may be short-lived and potentially lead to liquidity grabs before another rotation lower. Traders should stay patient and wait for either a clear breakout or confirmation of further downside before entering positions.
If there was ever a good time to start betting on silver, I believe it is NOW
Today, gold directly rushed to the 3358 line, continuing the previous upward trend. The spot gold price has hit a new historical high again in the morning, breaking through 3350 US dollars for the first time. The current basic trend of gold rising has not changed, and the bulls are strong. However, from the time point of view, even if we are bullish today, we must pay attention to the adjustment space at any time. It rose and fell in the morning, and the European session did not continue to rise but fluctuated and fell. We must pay attention to the second bottoming out in the evening. Short-term corrections or sideways consolidation are all opportunities for bullishness in the future. The operating idea is still to maintain the principle of following the trend. Pay attention to the low of 3312 and the support level of 3300 if it falls back to the bottom. If it falls below 3288, gold may accelerate its decline. Therefore, don’t be overly bullish today. Be bold and be cautious!
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments? After a long, steady climb inside a rising channel, Gold pushed through local resistance and gained momentum. The move extended beyond the channel's top, marking a fresh high near $3240 points, attracting strong attention. But after this sharp push, the price began losing steam and rolled into a soft pullback phase. Now, Gold is holding just above the $3160 area, retesting the zone that was previously broken upward. Volume is slowing down, and the price action shows hesitation without follow-through on the upside. I believe Gold could roll over from here and revisit the $3130 support area in the coming sessions. If this post is useful to you, you can support me with like/boost and advice in comments❤️
After breakout trendline, Bitcoin performing HnS pattern reversal signal after breakout and retest to trendline is valid if we can't back closed daily above 85k
Based on volume and last price move I suppose that price is in a pull back until area 18800. In this area we can find the seller ready to a new push down. Only if price break the resistence we can have a new long.
Buy at 0.6215: This level is identified as a support zone where price has previously consolidated. The expectation is a rebound from this level, making it a favorable buying opportunity. Sell at 0.6400: This price point falls within a resistance zone, where historical data suggests selling pressure may emerge, potentially leading to price reversal. Reason: The buy recommendation at 0.6215 is based on price hitting a support level, indicating possible upward movement. The sell recommendation at 0.6400 aligns with price approaching resistance, where profit-taking and market correction could occur. The strategy aims to capitalize on predictable price movements within these key levels.
I’m bearish on Gold for the rest of the week, maybe into Monday. Entry: 3330 Stop Loss : 3357 Take Profit : 3230
EURGBP is giving negative technical signals ahead of the Lagarde's press conferance. After Trump announced new tariffs, the euro surprisingly gained against the pound. The U.S. imposed tariffs twice as large on the EU compared to the UK, with a minimum of 10% on UK goods. Despite this, the pound weakened more than expected. However, this move might prove to be temporary. The real focus of ECB will be on the outlook. Recent economic data, combined with the added pressure from tariffs, may push the ECB toward further rate cuts later this year. President Lagarde has been cautious for some time, offering few forward-looking signals. Today, markets will be closely watching for any hint of future easing. If Lagarde sounds more dovish than expected, the euro could come under renewed bearish pressure. EURGBP has been forming a head and shoulders-like pattern since the start of last week. It may currently be developing the second shoulder, depending on how the price moves today. A combination of 8–13 hour moving average crosses and RMI sell signals on the 60-minute chart has successfully captured all local tops since April 7. These same signals have appeared again today. If they prove accurate once more, the 0.8525 support level will be key. This level represents the neckline of the potential head and shoulders pattern. However, if EURGBP moves above 0.8620, the bearish setup would be invalidated.