Get started

Parallel Channel

GOLD - The battle for 4600 within the great consolidation...FX:XAUUSD is testing the 4581 zone as part of a correction, forming an intermediate bottom and consolidating above 4600, indicating a confident bullish trend. PPI showed growth in November, retail sales exceeded expectations, and the unemployment rate fell to 4.4% in December, which slightly reduces the likelihood of an early easing of Fed policy, putting pressure on gold. Geopolitics: Tensions between the US and Iran, as well as around the independence of the Fed. Risks are high... Today, data on US unemployment benefit claims will be released. High figures could reinforce fears of an economic slowdown and support gold. The short-term correction in gold is due to strong data from the US, but the upward trend remains influenced by geopolitics and pressure on the Fed. Weak employment data could bring the price back to record levels. Resistance levels: 4612, 4630, 4643 Support levels: 4600, 4581, 4561 Consolidation is forming against the backdrop of a bullish trend. The market is likely to test 4581-4561 as part of profit-taking or correction before continuing to grow. However, if the bulls keep the price above 4600, growth may begin earlier... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
SOLANA - The battle for resistance 145. The bulls have a chanceBINANCE:SOLUSDT.P breaks resistance and tries to stay above key levels. The fundamental background for cryptocurrencies is gradually improving. What can be expected in the short and medium term? The crypto market has received support amid progress in US regulatory initiatives: the Digital Asset Market Clarity Act has been submitted for consideration, which increases regulatory predictability and attracts institutional capital. Progress in regulation is laying the foundation for sustainable growth in the crypto market by attracting institutional capital. Bitcoin is strengthening against the backdrop of positive news related to market regulation and is moving into a local bullish trend. Against this backdrop, SOL is breaking through consolidation resistance and attempting to stay above 143.5 - 144.7... Resistance levels: 156.5, 160.0 Support levels: 144.7, 143.5, 142. 0 If the bulls manage to keep SOL above the key support zone of 143.5 - 144.7 after breaking through resistance and a reversal pattern forms, a rally to 155 - 160 can be considered. Best regards, R. Linda!
Long
by RLinda
3
GOLD - Consolidation ahead of news. ATH retestFX:XAUUSD is trading around $4630, pretty close to its all-time high, but since the session opened, the price has jumped a lot because of the aggressive bull market, which could lead to a correction. News ahead... US inflation (CPI) slowed in December, and the market expects 2-3 Fed rate cuts in 2026, which exceeds the regulator's forecasts. Protests in Iran and threats of possible intervention by the US; tensions surrounding the independence of the Fed (investigation into Powell); and the tense situation in Eastern Europe are creating geopolitical risks. • US PPI data will be released today. • Higher inflation figures may temporarily support the dollar and limit gold's growth. • Traders are also awaiting the Supreme Court's decision on Trump's tariffs, with a 72% probability of cancellation. If this is confirmed, the market may react strongly... Resistance levels: 4630, 4650, 4675 Support levels: 4600, 4577 Technically, the ideal scenario would be to wait for a correction, for example to 4605-4600, or to the support level of the trading range to form an ideal entry point. But against the backdrop of an aggressive market, bulls are likely to push the price up from the 4630 zone... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
GBPUSD - Descending Channel with Stacked FVG Zones Alright traders, let's talk GBPISD! GBPUSD is showing some interesting price action right now. We've got a descending channel playing out on the 45-minute timeframe with two stacked FVG zones creating a decision area. Price just retested the 45M FVG and sellers stepped in - now it's acting as resistance. Here's the key: 1.34273 is the line in the sand. Break below = bearish continuation. Hold above = potential bounce into the FVG zones. The Structure Price has been making lower highs and lower lows inside this descending channel. We saw a push up into the 45M FVG zone (1.3455-1.3475) but sellers rejected it hard. Now that zone has flipped from support to resistance. Below that, we have the 2HR FVG zone (1.3440-1.3455) which could act as a retest area if we get a bounce. But if 1.34273 breaks, we're heading to the lower support at 1.3380. Why This Setup Matters Descending channel intact - trend is bearish until breakout 45M FVG rejected - sellers in control at that level 2HR FVG below - potential bounce zone if bulls step in 1.34273 is critical support - break = acceleration lower BoE expected to cut rates - bearish for GBP Dollar strength persisting despite Fed drama Fundamental Picture Mixed signals but leaning bearish for GBP: UK GDP data due Thursday - expected to show 0.2% contraction BoE's Taylor: "Interest rates should continue on a downward path" UK inflation cooling faster than expected Speculators cut bearish GBP positions by most in 5 months Dollar holding near 1-month highs despite Powell drama Fed expected to hold rates - supports USD Japan yen drama pulling focus but USD still firm Key Levels Resistance: 1.3455-1.3475 - 45M FVG zone (now resistance) 1.3510 - Upper resistance 1.3575 - Major resistance / channel top Support: 1.3440-1.3455 - 2HR FVG zone (potential bounce) 1.34273 - KEY SUPPORT (line in the sand) 1.3380 - Lower channel support The Scenarios Bearish (favored): Price stays below the 45M FVG zone, retests the 2HR FVG but fails to hold, breaks below 1.34273, and continues down the channel toward 1.3380. The descending channel structure supports this move, and weak UK data could accelerate it. Bullish: Price bounces from the 2HR FVG zone, reclaims the 45M FVG (1.3455-1.3475), and breaks above the descending channel. Target would be 1.3510, then 1.3575. This needs strong UK GDP data or significant dollar weakness. Chop scenario: Price oscillates between the FVG zones and 1.34273 support. Wait for a clear break before committing. My Lean I'm BEARISH here. The descending channel is intact, the 45M FVG got rejected, and the fundamentals favor USD strength (Fed holding, BoE cutting). The 1.34273 level is the trigger - break below that and we're targeting 1.3380. If you're looking for shorts, wait for a retest of the 2HR FVG zone that fails, or a clean break below 1.34273. What's your read on GBPUSD? Bulls or bears winning this one? 👇
Short
by officialjackofalltrades
Approaching a Major Inflection Point After 2.5‑Year DowntrendNHC is shaping up for a meaningful breakout after a ~2.5‑year downtrend. We’ve still got a few days left in the monthly candle, but a close above $4.71 would strengthen the probability of a sustained trend reversal. Why the setup is interesting - Price has reacted cleanly from a macro 50% retracement (ATL → ATH). - It’s also sitting right on the major 50% level from the COVID low to ATH. - Price is currently resting on the old ATH region, turning prior resistance into support. - We’re seeing a potential first test and impulsive break of the yearly pivot (need to see spike of volume relative by end of month with larger candle spread) - Volume has been declining for ~2 years, hinting at seller exhaustion rather than active distribution. Where caution is still warranted - The monthly candle hasn’t closed, and price is pressing into the yearly pivot for the first time. - Coming in sideways increases the chance of a rejection wick before any true breakout. - A sharp pullback into S1 wouldn’t be unusual, especially if the pivot acts as initial resistance before a stronger rally and eventual breakout attempt. Overall, the structure is improving, the higher‑timeframe levels are doing their job, and the pivot interaction will likely dictate whether we break now or after a cleaner retest.
ASX:NHCLong
by AlvinDeo96
ZEN Main Trend (anonymous) 01/15/2025Logarithm. Time frame: 1 week. A very long horizontal channel with a large increment, with the price being pulled toward its resistance. A conditional fractal on a smaller scale is observed, with a previous local pump and a false exit from the channel range. The overall trend reversal and transition to phase 3 of the trend pump bowl occurs only after a breakout and consolidation above the descending line of the main trend (indicated by the thick red line). Research online to find out what, how, who the investors are, and at what price this "investing" is. When trading, manage your risks, as the channel is very long and there are many passengers. Medium-term interest rates and logic are shown. Locally now Time frame: 1 day.
Long
by SpartaBTC
11
BTC - Structure Flip, Next Leg Loading...BTC just did something important. Price broke above a key resistance, and that level has now flipped into support. This kind of structure shift usually confirms that the previous range is done and a new leg is starting. That said, this doesn’t mean price can’t breathe. A pullback toward the $92,000 demand zone is still possible, especially since it lines up nicely with the lower blue trendline. If that happens, it would still be considered a healthy correction. As long as structure holds, the expectation remains the same: one more impulse higher, with the $100,000 round number acting as the next magnet. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
11
XAUUSD Short: Fails at Supply Zone, Sellers Regain ControlHello traders! Here’s a clear technical breakdown of XAUUSD (1H) based on the current chart structure. XAUUSD recently completed a strong bullish leg within a well-defined ascending channel, but momentum started to fade as price reached the major Supply Zone around 4,620–4,630. This area acted as a key rejection zone, where aggressive selling pressure appeared, leading to a clear breakdown from the ascending channel and signaling a shift in short-term market control. After the breakdown, price attempted to recover but failed to regain acceptance above the former structure. The rebound moved into a corrective phase and is now trading below the Supply Line, suggesting that the recent upside is corrective rather than impulsive. The market structure has transitioned into lower highs, reinforcing bearish pressure. Currently, XAUUSD is approaching the 4,540–4,560 area, which aligns with a prior breakdown level and dynamic resistance from the descending supply line. This zone is expected to attract sellers again. Below current price, the Demand Zone near 4,520 is the first key support. A clean break below this level would confirm bearish continuation and open the door for a deeper move lower. My scenario: As long as XAUUSD remains below the 4,620–4,630 Supply Zone and continues to respect the descending supply structure, the bearish bias remains valid. I expect price to show rejection from the current pullback zone and push lower toward 4,520 (TP1). A breakdown and acceptance below 4,520 would expose further downside toward 4,480–4,460 (TP2). However, a strong bullish breakout and acceptance back above 4,600–4,630 would invalidate the short scenario and suggest renewed bullish continuation. For now, structure favors sellers while price trades below supply. Manage your risk!
FOREXCOM:XAUUSDShort
by heniitrading
20
BTCUSD Consolidation Before the Next Big MoveHello traders! Here’s my technical outlook on BTCUSD (4H) based on the current chart structure. Bitcoin is trading within a broader bullish structure after reclaiming key levels and breaking above previous consolidation zones. Earlier on the chart, price respected a rising support line and formed a series of higher lows, signaling growing buyer strength. After a brief pullback, BTC entered a consolidation range, where the market paused before continuing higher. This range acted as an accumulation zone, and the subsequent breakout confirmed renewed bullish momentum. Currently, BTCUSD is trading above the Buyer Zone around the 90,000–91,000 area, which aligns with previous resistance turned support. Price recently broke out from this zone and is now consolidating just below the Seller Zone / Resistance Level near 93,700. This resistance also aligns with a descending resistance line, increasing its significance and making it a key reaction area. My scenario: as long as BTCUSD holds above the Buyer Zone and respects the rising support line, the bullish structure remains intact. A clean breakout and acceptance above the 93,700 Resistance Level would confirm continuation toward the next upside target (TP1). However, a strong rejection from resistance could lead to a corrective pullback back into the Buyer Zone before any further attempt higher. For now, price remains compressed between support and resistance, and a decisive move is likely soon. Please share this idea with your friends and click Boost 🚀
THINKMARKETS:BTCUSDLong
by LegionQ8
15
EURUSD Price Action - Support Holds at 1.1670, TP Near 1.1720Hello traders! Here’s my technical outlook on EURUSD (1H) based on the current chart structure. After trading inside a clearly defined range, EURUSD broke to the upside, showing initial buyer strength. However, this bullish move failed to sustain, and price turned around, transitioning into a descending channel. Within this channel, price respected both the falling resistance line and the internal support, forming a consistent sequence of lower highs and lower lows, confirming short-term bearish control. During the decline, EURUSD moved into the Seller Zone, where selling pressure remained active and pushed price lower toward the Buyer Zone. This Buyer Zone aligns with a key Support Level and represents an area where demand previously entered the market. From this level, price reacted strongly, producing an impulsive move up and a clear breakout from the descending channel, signaling a potential shift in short-term structure. Currently, price is holding above the reclaimed support, suggesting acceptance above the former bearish structure. My scenario: as long as EURUSD holds above the Buyer Zone and maintains support, a continuation move toward the Resistance Level around 1.1720 (TP1) is possible. This area also overlaps with the Seller Zone, where selling pressure may reappear. If price fails to hold above support and falls back below the Buyer Zone, the bullish scenario would weaken and the broader bearish structure could resume. For now, price is at a key decision area, with buyers attempting to confirm the breakout and build further upside momentum. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
32
GBPNZD - Ascending triangle on an upward trendFX:GBPNZD has moved into consolidation amid an uptrend and is forming another bullish structure. Focus on trigger 2.340 The global trend for the currency pair is bullish. Against the backdrop of the main trend, consolidation is forming in the form of an ascending triangle, which is generally a fairly strong bullish conglomerate. If resistance is broken, consolidation may move into a distribution phase After the short squeeze, a weak reaction is forming and the market is quickly returning the price to the resistance level of 2.340. Closing above this level could trigger a rally to 2.35. Resistance levels: 2.34, 2.355 Support levels: 2.338, 2.336 Before the resistance is broken, a long squeeze of local support may be triggered. However, a quick retest of resistance and a close above the level may trigger distribution towards 2.355. Best regards, R. Linda!
Long
by RLinda
2
GOLD - Consolidation ahead of news. Long squeeze?FX:XAUUSD is trading in the $4575-4600 range (consolidation) ahead of US inflation data (CPI) for December... Inflation remains above the Fed's target (2%), making the data key to assessing the timing of rate cuts. XAU is consolidating below record highs. Profit-taking is observed ahead of the data release. Geopolitical risks and concerns about the Fed's independence support long-term demand for gold. The reaction to CPI data may be short-term, as these factors remain a priority: • Above forecast: dollar growth, gold correction to $4550 - 4520. • Below forecast: dxy weakening, gold growth to $4650 - 4700 Gold retains its upside potential, but in the near term, its movement will depend on inflation data. Any correction can be seen as a buying opportunity amid ongoing geopolitical and monetary risks. Resistance levels: 4600, 4630, 4650 Support levels: 4577, 4560, 4550 The initial retest of 4600 may end in a pullback, and a close below 4577 may trigger a decline to 4561 - 4550 before an attempt to grow (interest in the liquidity zone). However, against the backdrop of news reaction, gold may test 4550 - 4520 before continuing to rise. Very weak news may trigger a breakout of 4600 and an aggressive rally. It is important to monitor the context... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
34
BTCUSDT Long: Demand Holding at 90,100 - Eyes on 92,200 SupplyHello traders! Here’s a clear technical breakdown of BTCUSDT (4H) based on the current chart structure. After a strong bearish move, BTC formed a clear pivot low, from which price transitioned into a bullish recovery phase. From this pivot point, the market developed a well-defined ascending channel, confirming a shift in market structure and increasing buyer control through a sequence of higher highs and higher lows. This channel guided price higher until BTC reached a key Supply Zone around 92,000–92,200, where selling pressure emerged. At this supply area, price experienced a rejection and breakout failure, indicating that sellers are actively defending this level. Following the rejection, BTC briefly broke below short-term structure and moved into a consolidation range, reflecting temporary balance between buyers and sellers. More recently, price has started to recover again, respecting a rising Demand Line, which signals that buyers are still defending the broader bullish structure. Currently, BTC is trading between a key Demand Zone near 90,100–90,300 and the overhead Supply Zone around 92,200. This area represents a critical decision zone for the market, where the next directional move is likely to be defined. My scenario: as long as BTCUSDT holds above the Demand Zone and continues to respect the rising demand trend line, the bullish bias remains valid. I expect buyers to attempt another push toward the 92,200 Supply Zone. A clean breakout and acceptance above this level would confirm bullish continuation and open the door for further upside. However, a strong rejection from supply followed by a breakdown below demand would weaken the structure and increase the probability of a deeper corrective move. For now, price remains in a compression phase between demand and supply — patience and proper risk management are key. Manage your risk!
Long
by heniitrading
22
ETHEREUM - Retest resistance before a possible declineBINANCE:ETHUSDT is trading within the range of 3050-3150, with a local and global bearish trend. The market is still waiting for positive drivers, and until they appear, it is possible to trade within the channels... Against the backdrop of a global downtrend, Bitcoin is forming a bullish wedge/ascending triangle, which in the current circumstances I consider to be a consolidation pattern before a possible liquidation and decline to 80-75K, which in general could trigger a decline across the entire market. Ethereum is forming a trading range against the backdrop of a local downtrend. Focus on trading boundaries, namely resistance at 3150 After a short squeeze and a price decline to 3060, a liquidity pool of 3060-3050 (area of interest for MM) has formed below the local level Resistance levels: 3150 - 3181 Support levels: 3083, 3056, 3000 A retest of 3150 and a lack of momentum may confirm the dominance of bears in the market, which in turn may form a false breakout of resistance and a reversal to the zone of interest and liquidity pool 3050. Best regards, R. Linda!
Short
by RLinda
9
GOLD - Consolidation near 4600. Breakout or correction?FX:XAUUSD has updated its ATH to 4600. A local range is forming, with growth potential, against the backdrop of escalating geopolitical risks and concerns about the independence of the Fed, which remain. Trump's consideration of military operations in Iran amid internal unrest and the tense situation in the Russia-Ukraine conflict (emergency UN Security Council meeting) create geopolitical risks. Questions for the Fed: A criminal investigation has been launched against Chairman Powell, heightening concerns about pressure on the central bank's independence. US employment data (NFP) for December (+50K) was weaker than expected, supporting expectations of Fed policy easing. Attention is shifting to December inflation data (CPI), which will assess the likelihood of a rate cut in March (current probability ≈30%). The correction may continue, but the combination of risks and soft monetary policy creates medium-term support for further growth. Resistance levels: 4600, 4625, 4650 Support levels: 4561, 4550, 4517 Since the opening of the session, gold has exhausted its intraday ATR reserve, which creates additional opportunities for consolidation or correction, within which the market may test key support zones, such as the previous ATH, before continuing to grow. A long squeeze of the specified support may provide the market with liquidity for further growth. However, an aggressive market could trigger a breakout of 4600 without correction... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
12
USDJPY - Consolidation may turn into upward distribution FX:USDJPY is storming the resistance zone of the current consolidation. Focus on 157.88, a breakout of the current border could trigger an upward movement... The Japanese yen is testing the intermediate bottom, hinting that the currency is preparing to continue falling. Against the backdrop of a weak yen and a strong dollar, the currency pair may continue its upward trend. Retesting resistance, the reaction from the bears is weakening, and the bulls are trying to keep the price above 157.88. If there is no reaction (pullback), then growth may continue from the 157.15 - 157.88 zone, provided that the price closes above the level. Resistance levels: 157.88 Support levels: 157.15, 156.18 Technically, against the backdrop of an uptrend, consolidation is forming, within which the market is not updating local lows, but is gradually contracting towards resistance at 157.88. There is a high probability of a breakout (possibly after a slight correction to local support). Nearest targets: 160.0 - 161.5 Best regards, R. Linda!
Long
by RLinda
1
XRP - PICK YOUR FAVORITE COLOUR !!! Follow up from Sunday January 4th, a week ago. I warned everyone.... CHARTS ALWAYS LOOK OBVIOUS IN RETROSPECT !! For the Weekly Chart to look OBVIOUS and look GOOD: - there is a need for ONE LAST DUMP, a long wick SWEEP similar to Oct 10, except this time the candle will end up green with a large upper body surpassing the open of the candle. - The Depth of that dump will have to be at the bottom of either the RED or GREEN or PURPLE Channels, indicated by the 3 highlighted green circles. PICK YOUR FAVORITE COLOUR !!! The Pump will not happen until: - on the weekly chart, the RSI average is slopping up and is closer to the 50%. (Look at the previous pump) - Black Rock, Fidelity, Vanguard, Morgan Stanley ETFs have a chance to buy a bottom very low KEEP IT SIMPLE !!
Short
by Crazy_Canuck_33
CHFJPY - Pullback Into a Key Confluence!CHFJPY has been overall bullish , respecting the rising blue channel nicely over the past weeks. Right now, price is pulling back into an important intersection: the demand zone lining up with the lower blue trendline. This is the kind of area where trends usually get tested, not broken. As long as this confluence zone (highlighted by the blue circle) continues to hold, my bias remains straightforward: I’ll be looking for trend-following long setups, preferably after confirmation on lower timeframes. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
11
EURUSD Long: Bulls Defend 1.1620 Demand, Targeting Supply 1.1680Hello traders! Here’s a clear technical breakdown of EURUSD (2H) based on the current chart structure. EURUSD initially traded within a well-defined range, where price moved sideways for an extended period, reflecting a balance between buyers and sellers. During this consolidation phase, the market attempted several breakouts, including a fake breakout to the upside, which signaled weakness and lack of bullish continuation. Eventually, price achieved a valid range breakout, initiating an impulsive bullish move. Following this breakout, EURUSD reached a pivot point, where bullish momentum stalled and sellers began to step in. From this pivot high, price structure shifted into a descending channel, characterized by a series of lower highs and lower lows, confirming short-term bearish control. Price respected the channel boundaries well, indicating an orderly corrective move rather than panic selling. As EURUSD continued lower, it approached a strong Demand Zone around 1.1620, which aligns with a rising higher-timeframe trend line. This confluence area acted as a key support, where buyers responded aggressively. From this demand zone, price broke out of the descending channel, signaling weakening bearish momentum and a potential shift back toward bullish control. Currently, price is reacting positively from demand and attempting to move higher. The next key level to watch is the Supply Zone around 1.1680, where previous selling pressure is expected to reappear. This level also coincides with prior structural reactions, increasing the probability of a pause or rejection. My scenario: as long as EURUSD holds above the 1.1620 Demand Zone and respects the rising trend line, the bullish bias remains valid. I expect buyers to push price toward the 1.1680 Supply Zone, where a reaction or short-term pullback may occur. A clean breakout and acceptance above supply would confirm bullish continuation. However, a strong rejection from supply or a breakdown below demand would increase the probability of bearish continuation. For now, price is at a key decision area, and disciplined risk management is essential. Manage your risk!
Long
by heniitrading
25