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Parallel Channel

Euro will likely Continue its Decline to 1.1560 pointsHello traders, I want share with you my opinion about Euro. The market for the Euro has seen a significant shift in its structure, following a 'fake breakout' above the 1.1780 Resistance Level which led to a new ATH near 1.1920. This reversal initiated a new bearish phase, with the price action for EURUSD now being contained within a downward wedge. Currently, after finding support near the bottom of this formation, the asset is in a corrective rally, approaching the descending resistance line of the wedge. In my mind, this rally is a corrective move that will fail upon testing the wedge's resistance. I expect that the price will complete its small upward movement and be rejected from this dynamic resistance. I think this rejection will confirm that sellers remain in control and will trigger the next major decline. Therefore, I have placed my TP at the 1.1560 level, targeting the major buyer zone at the bottom of the structure. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
10
GOLD → Correction after aggressive growthFX:XAUUSD is in a correction phase after a month and a half of aggressive growth. The price is forming a trading range and continues to storm support... The record growth was overheated, and traders are closing long positions. A gradual change in the fundamental background and market sentiment is also provoking an outflow of funds. However, US-China negotiations, the ongoing US shutdown, and the tense geopolitical situation, including the cancellation of Trump's meeting with Putin, create additional risks in the economy, which may support the metal. The correction in gold looks like a healthy pause. The $4,000 level remains key support. A recovery above $4100 indicates continued buyer interest, but further dynamics depend on news about trade negotiations. Resistance levels: 4082, 4107, 4163 Support levels: 4059, 4000 A breakdown of the trading range support could trigger further sell-offs. Focus on 4000K, aggressive reaction possible. At the moment, the market is falling as aggressively as it rose. We need to wait for the price to slow down in order to make reasonable technical decisions. Best regards, R. Linda!
FX:XAUUSD
by RLinda
19
BITCOIN → Trend reversal. Is there a chance for growth?BINANCE:BTCUSDT.P is breaking the trend and local market structure, forming a rally. Giving hope to buyers, we see a strong reaction from the Asian session. Are the bulls returning? The fundamental background is unstable; if Trump continues to escalate the trade war, the cryptocurrency market may close within the range. However, technically, we have positive signs of a bull market. BTC is breaking through the resistance level of 107,350 and entering a rally, which only confirms the change in trend and the breakdown of the structure. Since the Asian session, the price has strengthened by 3%, and a retest of the nearest strong resistance at 112K-113.6K could lead to a pullback before growth. Globally, there is bearish pressure, but if the bulls can hold their defense above 110K, then in the medium term, the market will be able to fight for the 115K-120K zone. Resistance levels: 111960, 113600, 115730 Support levels: 109700, 109200 In the short term, I expect a false breakout of the specified resistance and a correction of 1/2 of the local impulse, i.e., a retest of the 110K - 109200 support zone, which, in turn, could lead to another bullish run to 115K - 120K. Best regards, R. Linda!
Long
by RLinda
14
ETHEREUM → Manipulation before a possible fall BINANCE:ETHUSDT , as part of manipulation and updating the local maximum to 4108, confirms strong resistance, forms a false breakout, and falls, testing key support. Bitcoin, as part of yesterday's rally in the US trading session, is trying to turn the tide, but after encountering resistance at 113600, it forms a false breakout and sells off all the growth, which is generally a signal of readiness for a decline. This could have a negative impact on the entire market... Ethereum is testing support - trigger 3822.5. After a sharp drop, there is no rebound, which indicates buyer weakness. Consolidation is forming near support, which only reinforces the pre-breakdown potential. Resistance levels: 3963, 4030, 4090 Support levels: 3822, 3660, 3366 The classic implementation of the “liquidity hunt” scenario led to a rally to resistance, and a false breakout at 4090 led to heavy selling. As part of the current consolidation, the market is reducing volatility ahead of support, which only increases the chances of a breakdown. A close below 3822 could trigger a further decline. Key liquidity zones are 3658 - 3366. Best regards, R. Linda!
Short
by RLinda
9
USDJPY Descending channel pattern selling from key supply zone💹 USD/JPY Technical Outlook (1H) The pair is selling strongly from the key supply zone around 151.000, respecting the descending channel structure 📉 🔻 Bearish momentum is gaining strength as sellers take control from the upper boundary of the channel. 🎯 Next Target Zones: 149.800 → First support / short-term target 149.000 → Major support / key downside target 📊 As long as price stays below 151.000, bias remains bearish on intraday setups. Keep an eye on price action & volume confirmation before continuation entries ⚡ #USDJPY #ForexAnalysis #PriceAction #FXTrading #TechnicalAnalysis
Short
by ExpertTraderASK
7
USDCHF Bullish from key support area at 0.79200📊 USD/CHF Technical Update (4H Chart) The pair has broken down from its ascending channel, but it’s now showing bullish momentum from the key support area at 0.79200 💪 🔥 Bullish Targets: 🎯 1st Target — 0.79700 🎯 2nd Target — 0.80100 🎯 3rd Target — 0.80600 📈 Price action suggests potential recovery toward higher resistance levels if buyers maintain control. 🕐 Timeframe: 4H ⚠️ Note: Always confirm with your own analysis before entering any trade. #USDCHF #ForexAnalysis #TechnicalAnalysis #PriceAction #TradingSetup #ForexSignals
Long
by ExpertTraderASK
4
EURUSD Ascending Channel Breakdown selling from supply Zone📉 EUR/USD Technical Breakdown Alert! The pair has broken down from an ascending channel and is currently selling off from the supply zone around 1.1680 💥 🕒 30-Minute Time Frame Analysis 🎯 Downside Targets: 1️⃣ 1.1640 — First Support Zone 2️⃣ 1.1620 — Key Support Area 3️⃣ 1.1560 — Major Support Zone 💬 Momentum favors the bears as long as price stays below 1.1680. Keep an eye on reaction at each support level for potential scalps or continuation setups. ⚠️ #EURUSD #Forex #PriceAction #TechnicalAnalysis #FXTrading #BearishSetup
Short
by ExpertTraderASK
2
GBPUSD Ascending channel breakdown selling from supply zone💥 #GBPUSD Technical Setup 💥 The pair has broken down from an ascending channel and is now selling off from the resistance area near 1.34400 🔻 Momentum favors the bears on the 30M timeframe 🕒 🎯 Technical Targets: 1️⃣ 1.33900 – First support 2️⃣ 1.33400 – Next support 3️⃣ 1.32600 – Major support zone As long as price stays below 1.34400, the bearish bias remains strong ⚠️ #GBP #Forex #Trading #FX #TechnicalAnalysis #Breakdown
Short
by ExpertTraderASK
1
GBPJPY Descending Channel selling strong 💷 GBP/JPY Technical Outlook (1H) The pair is selling from the key supply zone around 203.500, continuing to respect the descending channel structure 📉 🔻 Bearish momentum building as sellers dominate below resistance — short-term pressure remains to the downside. 🎯 Next Target Zones: 202.100 → First support area 201.000 → Major demand zone / key downside target 📊 As long as price holds below 203.500, the bearish bias stays valid on intraday setups. Watch for price action confirmation before continuation entries ⚡ #GBPJPY #ForexAnalysis #PriceAction #FXTrading #TechnicalAnalysis
Short
by ExpertTraderASK
3
USOIL breakout from consolidation zone big breaking📊 USOIL (WTI Crude Oil) Technical Update 🛢️ USOIL has confirmed a descending channel breakout followed by a range consolidation breakout — showing strong bullish momentum on the 30-minute timeframe. 🔥 📈 Breakout Level: 57.60 🎯 Technical Targets: 1️⃣ First Target – 58.20 2️⃣ Second Target – 59.00 As long as price holds above 57.60, the bullish bias remains intact. ⚡ #USOIL #WTI #CrudeOil #PriceAction #TechnicalAnalysis #BreakoutTrading
TVC:USOILLong
by ExpertTraderASK
1
SUI/USDT ; A decline is the best buying opportunity.Hello friends Given the price decline that we are witnessing, the price has created good channels at the specified support and buyers have entered and supported the price, which is a good sign for the currency. Now, given the trend reversal and the price being pushed up by buyers, we can buy in steps with risk and capital management and move towards the specified targets. We have also identified an important level that if the price reaches it, a correction can be expected and it is very important to take profits in these areas. *Trade safely with us*
Long
by TheHunters_Company
BNBUSDT the double top dump it, now price near critical support The current technical structure presents a clear and critical juncture. Price is now testing a major support zone at the $1,000 level, a decisive point for future direction. The market's trajectory is now contingent upon the price action at this pivotal support: Bearish Scenario (Breakdown): A confirmed breakdown and sustained close below the $1,000 support, particularly on elevated volume, would signal a failure of buyer defense. This breach would invalidate the current consolidation structure and likely trigger a significant sell-off. The subsequent measured move projects a decline toward a target range of $600 to $800, representing the next significant area of historical liquidity and support. Bullish Scenario (Holding & Reversal): Conversely, a strong rejection from this $1,000 zone—evidenced by bullish reversal patterns like a hammer or bullish engulfing candle—would demonstrate robust demand at this key level. This would reaffirm the support's integrity and could catalyze a robust bullish impulse. The initial technical objective would be a retest of the upper boundary of the prevailing trading channel. A decisive breakout above this channel resistance would then open a clear path toward higher targets, beginning with the $1,500 region. In summary, the $1,000 level is our line in the sand. Traders should monitor price action here closely to gauge the next dominant directional move. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
ASTERUSDT can fall below 0.5$ soonOur primary technical outlook anticipates a continuation of the bearish trend, as indicated by the descending arrows on the chart. However, prudent risk management requires us to acknowledge a critical technical level: price is currently testing the lower boundary of the prevailing descending channel, which acts as a dynamic support. This test of support could catalyze a short-covering rally or a technical bounce, potentially creating a temporary retracement higher within the broader downtrend. Traders should be aware that this is a common market dynamic and does not necessarily invalidate the primary bearish structure. The overarching bias remains bearish. A decisive breakdown and daily close below this channel support would be a significant confirmation of selling pressure, likely triggering an acceleration of downward momentum. The subsequent primary downside target for this move is projected toward the $0.50 level. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Short
by MMBTtrader
BITCOIN (BTCUSD): Bullish Move From Support Confirmed?! There is a high probability, that Bitcoin will bounce from a key intraday horizontal support. As a confirmation, I see a valid bullish CHoCH and a breakout of a resistance line of a falling parallel channel. I expect growth at least to 110.800 level. ❤️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.
COINBASE:BTCUSDLong
by VasilyTrader
1
SUI ; The future of SUIHello friends You see a long-term weekly channel that after setting a new ceiling in the weekly, the price corrected until the bottom of the channel even came below the channel, which many thought was destroyed, but the price returned and is now in an important range. This weekly candle that guided you to the bottom of the channel is very important. There are many orders in the shadow of this candle and it is possible that the price will correct up to 50% of the shadow of the candle. For this reason, the best way to buy is to manage risk and capital, and buy in steps in the specified areas and move with it to the set goals. *Trade safely with us*
Long
by TheHunters_Company
XAUUSD: Price can Drop to Support Zone and Break Trend LineHello everyone, here is my breakdown of the current Gold setup. Market Analysis Gold has been in a very strong uptrend, which accelerated after breaking out of a prior Upward Channel. This led to a new, steeper rally along a major Trend Line, culminating in a new All-Time High around the 4380 mark. Currently, after reaching that peak, the price has completed a healthy correction back down to the main Trend Line, which also aligns with the Support zone at the 4250 level. The price has bounced from this area and is now attempting to rally again. My Scenario & Strategy My scenario is a bearish one, built on the idea that this second attempt to rally will fail to make a new high. I'm looking for this current rally to lose momentum as it approaches the prior ATH of 4380. The key signal for me would be a strong and clear rejection from that area, showing that buyers no longer have the strength to continue pushing the price higher. Therefore, the strategy is to watch for this failure at the highs. A confirmed reversal would validate the short scenario and should lead to a decline that breaks the major ascending Trend Line. The primary target for this corrective move is 4205, which is inside the major Support zone. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
FOREXCOM:XAUUSDShort
by Ratner
8
Euro can Continue its Rally After a Minor CorrectionHello traders, I want share with you my opinion about Euro. The market for the Euro has been through a highly complex series of structural shifts, transitioning from a prior upward channel into a well-defined downward channel. After multiple failed rallies and a final drop into the 1.1600 buyer zone, the price action for EURUSD has shown a significant reversal, breaking out of the downward channel and establishing a new short-term bullish momentum. Currently, after this strong breakout, the asset is undergoing a minor corrective phase. In my mind, this price action represents a healthy pullback before the next leg higher. I expect that the price will make a small dip to find support, likely retesting the broken channel structure from above. I think a confirmed bounce from this area will validate the bullish breakout and trigger a continuation of the rally. Therefore, I have placed my TP at the major 1.1780 Resistance Level, which aligns with the seller zone and represents a logical objective for this recovery. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by LegionQ8
13
DOW JONES INDEX (US30): Bullish Continuation Confirmed US30 index violated a major horizontal resistance yesterday. The price started a correctional movement then, steadily falling within a bullish flag pattern. A breakout of its resistance line is a strong bullish signal. Odds will be high, the index will hit 46900 level soon. ❤️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:US30Long
by VasilyTrader
1