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Parallel Channel

GBPUSD → Retest resistance for a breakout. Distribution?FX:GBPUSD is attempting to break through the resistance of the symmetrical triangle consolidation pattern, which is a continuation pattern of the main bullish trend. Against the backdrop of stagnation and weakening of the dollar index, the GBPUSD price has stopped updating local lows, and consolidation in the form of a symmetrical triangle is forming. The strengthening of the GBP led to a breakout of the consolidation resistance, and if the bulls can stay above 1.352, then the market may trigger a rally to the resistance at 1.3588, from which a small correction is expected before continuing to grow to 1.378 thanks to motivated buyers. Resistance levels: 1.3589, 1.3674 Support levels: 1.3524, 1.3446 In the 1.3525 zone, there may be a prolonged struggle for the buying area (above resistance). If the bulls manage to stay above the resistance conglomerate, this will confirm the fact of a resistance breakout and the end of the downward correction, which may trigger a continuation of the global trend and price growth to 1.378. Best regards, R. Linda!
Long
by RLinda
9
SOL - Retest the Zone, Reload the Longs!Solana continues to trade within a well-defined ascending channel on the daily timeframe. After a strong bullish leg, price is now pulling back toward the highlighted support zone, which also aligns with the lower bound of the short-term channel. As long as this area holds, it offers an attractive spot to look for fresh long opportunities. A confirmed bounce here could set the stage for continuation higher toward the channel’s upper boundary. The structure remains bullish, and dips into demand are where the best risk-to-reward setups lie. Keep an eye on this zone for the next move. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk management, and trade execution. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
EURUSD Long: Bullish Rally Will Continue, After RetestHello, traders! The prior market structure for EURUSD was defined by a descending channel, which concluded with a pivot point low in the 1.1600 demand area. A strong bullish initiative from that low triggered a breakout, reversing the downtrend and establishing the current bullish market phase. This has led the price auction into a new upward trajectory. Currently, the price action is being guided by a well-defined ascending wedge. After testing the upper boundary, the price has made a corrective move down and is now at a critical inflection point. The auction is directly testing the confluence of the ascending demand line and the horizontal 1.1700 - 1.1710 demand area, a key zone for buyers to demonstrate control. The primary scenario anticipates a successful defense of this support confluence. A confirmed bounce from the demand line would validate the integrity of the ascending wedge and signal that the bullish initiative is ready to resume. This would likely trigger a full rotation to the upside within the pattern. The take-profit is therefore set at 1.1750, targeting the upper supply line of the wedge. Manage your risk!
Long
by heniitrading
6
EURUSD: Price break resistance and continue to growHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, after exiting a prior Upward channel, the price action has entered a large consolidation phase. This has created a well-defined trading range between the major Support zone around the 1.1470 level and the key Resistance Zone up to the 1.1745 area, indicating a period of market balance. Currently, the price is coiling within a large pennant formation, a classic sign of contracting volatility before a significant move. The price is now at a critical point, testing the descending resistance line of this pennant, which also aligns with the major horizontal Resistance at the 1.1710 level. My Scenario & Strategy My scenario is built on the idea that this pennant is a bullish continuation pattern, where buyers are absorbing supply before attempting the next leg higher. I'm anticipating a brief corrective dip from the current position before the main move begins. Following this, I expect buyers to take the initiative and push the price upwards, forcing a breakout above both the pennant's resistance line and the horizontal 1.1710 Resistance level. A successful break and hold above the Resistance Zone would validate the long scenario. The primary target for this breakout move is 1.1820 points, representing a logical next objective for an upward expansion. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
5
Breakout Alert!Granules India is ready to shine—watch this spaceGranules India Limited – Technical Outlook Weekly Timeframe Granules India is moving within a well-defined parallel channel. The stock is currently approaching its middle boundary resistance near 560–590 levels and support near 430-450 On the daily chart, the stock has formed a descending parallel channel, and this time, the chances of a breakout are higher as the price action has developed a double bottom formation. Daily Timeframe Additionally, Granules India is forming an ascending broadening wedge pattern, with key resistance near 590 and support around 430, which was successfully tested before making a new high. Overall, the technical structure indicates strong breakout potential in the near term. Thank You !!
NSE:GRANULESLong
by FiveCircles
XAUUSD Short: Correction from Current HighsHello, traders! The prior price auction for XAUUSD was contained within a horizontal range, bounded by the Demand zone 2 near 3335. A key pivot point low initiated a strong bullish impulse, resulting in a breakout from this range and establishing the current bullish market structure, which transitioned the market into a new directional phase. Currently, the price action is being guided by a well-defined ascending channel. The most recent impulse wave has carried XAU to the upper boundary of this channel, which represents dynamic resistance. The auction is now testing this ceiling after a strong rally, a key area where sellers may re-emerge to challenge the bullish initiative. My scenario anticipates a corrective move from the current highs. The expectation is that the channel's resistance line will hold, leading to a rejection and a downward rotation back towards the channel's support. A failure to break higher would confirm that a short-term correction is likely. The take-profit is therefore set at 3410 points, targeting the confluence of the ascending channel's support line and the 3405 - 3415 demand area. Manage your risk!
FOREXCOM:XAUUSDShort
by heniitrading
6
Bitcoin will break support level and continue to fall nextHello traders, I want share with you my opinion about Bitcoin. The macro bearish bias for Bitcoin was established after the price was strongly rejected from the 121000 Resistance Level, leading to a breakdown from its prior upward channel. This initiated a new bearish phase, first within a downward channel, but the selling pressure for BTC has since intensified, causing a breakdown below that channel's support as well. Currently, the asset is in an accelerated downward fall, guided by a steep local trend line, and is directly testing the critical buyer zone at the 109700 support level. The primary working hypothesis is a short scenario, now predicated on the failure of this major horizontal support. While a brief consolidation or a minor retest of the nearby trend line may occur, the overwhelming bearish momentum suggests a high probability of a breakdown. A decisive break and hold below the 109700 support level would confirm the continuation of the downtrend and open the path for further declines. Therefore, the TP for this breakdown scenario is logically placed at 104000 points, representing the next major area of potential support. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
14
BTCUSDT Under Pressure: Key Levels to WatchIn recent days, BINANCE:BTCUSDT has continued to face selling pressure as the price failed to hold the 113,000 support, turning it into a new resistance level. Currently, the price is fluctuating around 107,800, with sellers still holding the upper hand. Recent U.S. economic data has kept pressure on risk assets. At the same time, capital inflows into the crypto market have yet to regain strength, as investors await clearer signals from monetary policy and USD movements. Key technical levels to watch: -Main Resistance: 113,000 – a level where price has repeatedly failed to break through. -Major Support: 103,000 – aligned with strong support within the descending channel. -Current Trend: Bearish. Any short-term recovery is likely just a retest of resistance, with a clear breakout required to reverse the trend. Traders should monitor price reactions at these zones to identify potential trading opportunities. 👉 What do you think about BTCUSDT’s next move?
by Kevinn_Nguyen
12
BTC 4H Analysis – Key Triggers Ahead | Day 27💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing BTC on the 4-hour timeframe timeframe . 👀 In the 4-hour timeframe of Bitcoin, we can see that Bitcoin is moving inside a descending channel where each time it touches the top or bottom of the channel, it shows a reaction to these levels and then leaves a reversal move. Currently, Bitcoin has an important support at the 107,400 area, and if this level breaks, it can move towards its lower supports. On the other hand, there is a resistance at the 109,700$ area, and breaking this resistance could give us a long position. ⚙️ Our key RSI zone is at the 30 level, and the fluctuation is ranging above this level in a close environment. With an increase in volatility and selling pressure, if RSI passes below 30, it could be a confirmation for a deeper correction. 🎮 With a Fibonacci tool, we are going to identify Bitcoin’s key levels. The Fibonacci is drawn from the 117,000$ breakout area down to the 107,300$ support area. The price behavior at the 0 and 0.236 levels can help us for taking trades. 📊 In the 4-hour timeframe of Tether dominance, we can see that similar to Bitcoin but with an ascending difference, it is moving inside a channel. The 4.52% area is very important, as the midline of the channel is located here. In the previous leg of movement, it also reacted to this area and got rejected. Breaking this area could bring more selling pressure into the market and also on Bitcoin. 🕯 The size and volume of the red candles at the breakout zones are getting bigger, each time accompanied by higher selling volume. The presence of maker buyers is seen between the two highlighted zones. With an increase in Bitcoin’s volume, it can start its main trend. Keep in mind that we are in the holiday season. 🔔 The zones considered as alarm zones are the 107,400$ area and the 109,600$ area. The price action in these zones can help us with our trades. With an increase in Bitcoin’s volume, it could break one of these levels and move either up or down. Keep in mind that August has ended, and in the new month we have 3 important news events from the Federal Reserve, which could either bring strong inflows into the market or pull money out of it. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
by CryptosWinter
JUPUSDT Bulls Are In Trouble?Yello Paradisers, did you see how JUPUSDT broke down from its ascending channel right at the crucial 4H resistance zone? That move alone has already triggered warning signals, and now with a bearish CHoCH confirmed together with bearish divergence on both the MACD histogram and RSI, the probability of further downside has increased significantly. 💎 At this stage, aggressive traders could already be looking for short opportunities from the current price action, with a potential reward-to-risk ratio of more than 1:1.5. Conservative traders, however, should ideally wait for a clean retest of the broken resistance zone. A bearish candlestick pattern forming there would provide stronger confirmation before pulling the trigger. 💎 Since we are heading into month-end, a possible liquidity sweep cannot be ruled out. That is why scaling in with smaller position sizes makes more sense here to avoid unnecessary exposure. 💎 Still, discipline is key. If the price manages to break and close back above the invalidation level, this entire bearish setup would be invalidated. In that case, staying out would be the only smart move. 🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
GOLD → Retest 3400 before the news. Will there be a rally?FX:XAUUSD is pulling back slightly after hitting a new high of 3423. The trend is bullish, and on the D1 chart we see a breakout of a symmetrical triangle, which generally hints at bullish potential. Gold is correcting after rising to $3423 in anticipation of US PCE inflation data. Key factors: Doubts about the Fed's independence are limiting the USD's strengthening. Soft Fed rhetoric: Board member Waller supported a rate cut in September and further easing. The probability of a September rate cut is estimated at 87%. Today's news: Core PCE inflation data (forecast: 2.6% y/y). If below forecast → increased expectations for policy easing → support for gold If above forecast → dollar strength → gold correction Short-term gold dynamics depend on inflation data and its impact on Fed rate expectations Support levels: 3405, 3394, 3386.5 Resistance levels: 3415, 3423, 3433 As part of the correction, the price may test liquidity zones and enter a consolidation phase ahead of the news. However, the market is one step away from distribution (exit from a symmetrical triangle). If the bulls keep the price above 3400 as part of the correction, we will have a good chance to catch the rally... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
19
American Express Wave Analysis – 29 August 2025- American Express broke resistance zone - Likely to rise to resistance level 340.00 American Express recently broke the resistance zone between the resistance level 325.00 (which has been reversing the price from the start of 2025) and the resistance trendline of the daily up channel from July. The breakout of this resistance zone accelerated the active short-term impulse wave C from the middle of August. Given the strong daily uptrend, American Express can be expected to rise to the next resistance level 340.00.
NYSE:AXPLong
by FxProGlobal
Silver Wave Analysis – 29 August 2025 - Silver broke the key resistance level 39.50 - Likely to rise to resistance level 41.00 Silver recently broke above the key resistance level 39.50 (former top of wave (3) from the middle of July, as can be seen from the daily Silver chart below). The breakout of the resistance level 39.50 continues the active short-term impulse wave 3 of the intermediate impulse wave (5) from the end of July. Given the strong daily uptrend, Silver can be expected to rise to the next resistance level 41.00, target price for the completion of the active impulse wave 3.
FX:XAGUSDLong
by FxProGlobal
#BTCEUR #1D (Binance) Bull-flag breakout and retestBitcoin looks very good for bullish continuation after regaining 50MA support on daily, against the Euro. ⚡️⚡️ #BTC/EUR ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 12.0% Entry Targets: 1) 93017.86 Take-Profit Targets: 1) 108422.28 Stop Targets: 1) 85296.36 Published By: @Zblaba CRYPTOCAP:BTC BINANCE:BTCEUR #Bitcoin #PoW bitcoin.org Risk/Reward= 1:2.0 Expected Profit= +16.6% Possible Loss= -8.3% Estimated Gaintime= 1-2 months
Long
by TradingOn
GOLD (XAUUSD): Bullish Confirmation After News Gold finally turned bullish after US news. I see a strong intraday bullish confirmation: a breakout of a resistance line of a horizontal range on an hourly time frame with a high momentum candle, provide a valid Change of Character. We can expect growth now. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
9
XAUUSD (15M) – Bullish Bias Holding Structure | BULLS????FOREXCOM:XAUUSD Structure | Trend | Key Reaction Zones Gold is moving inside an ascending channel 📈, maintaining higher highs (HH) and higher lows (HL). Price is currently testing the entry zone / key support 🟢 (3405–3409), and as long as this HL holds, the bullish structure remains valid. Market Overview After rejecting from the 3423 zone, Gold retraced back to retest the HL support area. Buyers are defending the structure, showing strength within the ascending channel. If momentum continues, bulls may push toward fresh highs, while a break below support could shift momentum. Key Scenarios ✅ Bullish Case 🚀 → Bounce from HL zone 🟢 🎯 Target 1: 3415 🎯 Target 2: 3423 ❌ Bearish Case 📉 → Break below 3405 support 🟥 🎯 Downside Target 1: 3398 🎯 Downside Target 2: 3394 Current Levels to Watch Resistance 🔴: 3415 → 3423 Support 🟢: 3405 → 3398 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
FOREXCOM:XAUUSDLong
by PEAKALPHAFXMARKETS
BTCUSD Long: Breakout and Rally to 116500 levelHello, traders! The prior market structure for BTCUSD was a bullish ascending channel, which concluded with a pivot point high near the 118900 supply area. A subsequent breakdown from this channel shifted the market's momentum, initiating a corrective phase that took the form of a descending pennant. This bearish structure guided the price auction down to the major demand area around 112000, where a new pivot point low was established. Currently, the price is consolidating within the final stages of this descending pennant, coiling between the supply and demand lines. The auction is approaching the apex of the pattern, but before a final resolution, one more test of the lower boundary is anticipated. The immediate expectation is for a final corrective move downwards to test the ascending demand line near the 112000 demand area. The primary scenario anticipates a bullish resolution following this final test of support. The price is expected to reverse from the demand line, initiating a rally strong enough to break out above the descending supply line. Following the breakout, a brief retest of the broken line as new support would confirm the shift in control to buyers. This successful retest would then be the trigger for a continuation of the rally. The take-profit is therefore set at the 116500 level, targeting a key area of prior market imbalance. Manage your risk!
BINANCE:BTCUSDLong
by heniitrading
5
BITCOIN → Breakthrough of the downward trend resistance... 120K?BINANCE:BTCUSDT.P formed a false breakdown of key support at 110,000 - 112,000 and returned to the whales' zone of interest. The chart shows the prerequisites for a possible end to the countertrend correction... A false breakdown of the daily support of 110K - 112K provokes a local bearish rally, within which the price breaks through the downward resistance of the correction and tests 113.300. The growth was supported by positive signals from institutional investors, technical stability and a decrease in selling pressure. The fundamental background is positive, the market is trending. The chart shows prerequisites for the end of the correction. However, the further outlook depends on the 112.0 - 112.5K area. if the bulls hold the price above this zone, the flagship may return to the upward movement and head towards 117K - 120K. Support levels: 112.5, 112.0, 110.9 Resistance levels: 113.6, 114.6, 117.0 After breaking through the resistance of the descending channel, the impulse stops and most likely a fight for the 112K zone may form. If the price returns to the channel and consolidates below 112K, then Bitcoin may return to the downward movement, however, while the price is trading above this line, the bulls have a chance... Best regards, R. Linda!
Long
by RLinda
20
XAUUSD: Price Rebound from Support line to $3440Hello everyone, here is my breakdown of the current Gold setup. Market Analysis From a broader perspective, we've seen a clear shift in control on the chart. The market successfully reversed a prior downtrend by breaking out of a Downward Channel. This breakout was significant and has established the current bullish market structure, which has been guiding the price higher. This new bullish phase has formed a well-defined Upward Wedge. The price has been respecting its boundaries, making higher highs and higher lows. Currently, the price is undergoing a corrective pullback and is testing the ascending support line of this wedge, which aligns with the Support zone around the 3390 level. My Scenario & Strategy My scenario is built on the expectation that this upward wedge structure will remain intact. The current pullback to the support line presents a classic opportunity within an established uptrend. I'm anticipating a clear bounce from the current support zone. This should initiate a rally back towards the wedge's resistance line. The key part of this scenario is that I expect the buying pressure to be strong enough to force a breakout above that resistance, signaling an acceleration of the trend. The primary target for this breakout scenario is 3440 points. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
FOREXCOM:XAUUSDLong
by Ratner
4