Parallel Channel
XAUUSD Long: Upward Rully Will ContinueHello, traders! The price auction for XAUUSD has been in a clear bullish phase, with the market structure defined by a well-established ascending channel. This pattern originated from a pivot point low near the DEMAND ZONE 2 and has since guided the price higher through a series of impulsive and corrective waves, confirming that buyers have maintained the initiative.
Currently, following a test of the channel's upper boundary, the price has entered a corrective phase. This pullback is guiding the auction towards a significant confluence of support located around the 3620 DEMAND level. This DEMAND ZONE is critical as it represents the intersection of a horizontal support area and the dynamic support line of the ascending channel.
The primary scenario anticipates a successful defense of this support confluence. A confirmed bounce from the channel's demand line would validate the integrity of the uptrend and signal that the corrective phase is over. This is expected to trigger the next impulsive wave higher within the channel's structure. The take-profit is therefore set at 3705 points, targeting a new structural high just below the channel's upper resistance line. Manage your risk!
CME Group (CME) – Critical Technical Setup!CME is currently trading inside a descending channel and has just touched the bottom support line. Yesterday, we saw a strong bounce of +3%, signaling that buyers are stepping in.
Key Levels to Watch:
Support Zone: $252 – $254 → If this breaks, we could see a slide toward $245 and even $236.
Resistance Levels:
First test: $268 – $272 (mid-channel resistance)
Next hurdle: $276 – $280 (channel top)
Bearish Scenario: A breakdown below $252 would confirm further downside pressure.
Bullish Scenario: A solid close above $260–262 could fuel a run toward $272 and possibly $280.
Takeaway:
CME is at a make-or-break level. The bounce from the channel’s bottom gives bulls a chance, but failure to hold $252 could trigger deeper declines. This is one of those “watch closely” moments!
BTC has formed an Ascending Triangle in a DowntrendWhat is Happening Here?
If we take a look at Bitcoin, it's pretty interesting right now: we can observe an ascending triangle just formed. But this pattern took shape after a sharp drop in price.
An ascending triangle is a bullish continuation pattern:
- The resistance line stays horizontal (flat top).
- The support line is rising, creating higher lows.
So what does this mean?
This indicates that buyers are gradually pushing prices higher while sellers are consistently defending the resistance level.
And often with this pattern, the buying pressure overwhelms the sellers, causing a breakout to the upside.
🔹 Breakout expectation:
- Wait for breakout confirmation always! (strong candle close above resistance with volume), and/or on a retest of the broken resistance (now acting as support).
- With this pattern, if it breaks above strongly, the target can typically be measured by taking the height of the triangle and adding it to the breakout level.
🔹 Risk Factors:
- False breakouts can occur (price temporarily breaks resistance but falls back inside).
- If the pattern fails and price breaks below the rising trendline, it may signal bearish weakness.
✅ The reliability of the pattern increases on higher timeframes and with strong breakout volume.
In summary
An ascending triangle shows the following: Buyers are showing strength with rising lows, while resistance is being pressured repeatedly. A confirmed breakout above resistance could drive price toward a psychological target. Waiting for a strong breakout and possibly a retest helps reduce false signal risk.
Not financial advice, just sharing my thoughts on the charts.
Trade safely 😊
BITCOIN (BTCUSD): Strong Bullish Price ActionIt appears that there are two strong bullish confirmations for 📈BITCOIN after testing a significant daily support cluster.
The price has violated a trend line within a falling channel, along with the neckline of a double bottom pattern, as indicated by a single, robust bullish candle.
It is possible that the pair could continue to increase in value, potentially reaching the 113,242 level before encountering the next resistance.
Solana Wave Analysis – 10 September 2025
- Solana broke the resistance area
- Likely to rise to next resistance level 230.00
Solana cryptocurrency recently broke the resistance area between the resistance level 214.5 (which has been steadily reversing the price from February) and the resistance trendline of the daily up channel from April.
The breakout of this resistance area accelerated the active impulse waves iii and 3 of the higher impulse wave (3) from June.
Given the clear daily uptrend, Solana cryptocurrency can be expected to rise to the next resistance level 230.00.
EUR/USD ; SHORT!Hello friends
Well, you see that the price is moving in a channel regularly and in this area, the ceiling of the channel, we are waiting for a price correction at the bottom of the channel.
If the channel breaks validly from above, the price can grow well.
*Trade safely with us*
GOLD → Consolidation before continued growth FX:XAUUSD is undergoing a correction amid revised unemployment data, but this has not disrupted the overall technical situation. The market is still anticipating an aggressive reduction in interest rates...
The price resumed its growth on Wednesday amid escalating geopolitical tensions and a weakening dollar ahead of the release of US inflation data (PPI). The price is correcting after a record high of $3675, but retains the potential for further growth.
The escalation of the situation in Eastern Europe and the Middle East is increasing demand for safe assets. Expectations of Fed policy easing and a revision of employment data are weighing on the USD.
PPI inflation data: Today's release may temporarily support the USD if the figures exceed forecasts, but the overall trend remains bearish for the dollar.
PPI data is ahead, which may cause short-term volatility, but the long-term bullish trend remains intact.
Support levels: 3640, 3628
Resistance levels: 3657, 3675
Technically, I expect to see a correction from local resistance to the 3645-3640 area, from which growth may continue. A breakout of 3657 could trigger a continuation of the momentum.
Best regards, R. Linda!
EURUSD → Breakthrough of consolidation resistance. Rally?FX:EURUSD ends correction with a breakout of consolidation resistance. The market is waiting for a positive driver in the form of economic news that could support the growth of the euro...
A breakout of the correction (consolidation) resistance has formed. However, the momentum is being replaced by a correction aimed at consolidating in the bullish plane, which could trigger continued growth in the medium term.
The dollar looks weak, and expectations of interest rate cuts are supporting the euro. If the bulls keep the price above 1.17 - 1.172 within the current correction, the price may start to rally to highs...
Support levels: 1.173, 1.1703
Resistance levels: 1.178, 1.183, 1.190
Before continuing to grow, liquidity may be captured relative to the previously broken consolidation resistance. A false breakdown of support at 1.173-1.170 could trigger a resumption of growth towards 1.190.
Best regards, R. Linda!
EURUSD Short: Price Reverse and Start FallHello, traders! The price auction for EURUSD has been operating within a well-defined ascending channel for several weeks. This bullish structure has been confirmed by multiple pivot points, with buyers defending the ascending demand line and sellers consistently emerging at the upper supply zone near the 1.1715 level. This has established a clear rotational pattern between the channel's boundaries.
Currently, the auction is at a critical inflection point, once again testing the upper boundary of this channel. The price has rallied to meet the ascending supply line, which forms a strong confluence of resistance with the horizontal 1.1715 - 1.1740 supply area. This is the same zone where previous rallies have failed, making it a key battleground.
The primary scenario anticipates a rejection from this resistance confluence, continuing the established pattern of rotation. The expectation is that sellers will defend the supply zone and initiate a new downward move back towards the channel's support. A failure to break out higher would confirm a short-term correction is underway. The take-profit for this rotational play is therefore set at 1.1605 points, targeting the ascending demand line of the channel. Manage your risk!
BTCUSD: Fake Breakout and Drop to Support LineHello everyone, here is my breakdown of the current Bitcoin setup.
Market Analysis
From a broader perspective, the price of Bitcoin has transitioned from a downward channel into a large rising wedge pattern. This structure has defined the price action for several weeks, creating a volatile environment with clear boundaries at the support zone near the 109000 level and the resistance zone up to the 113000 area.
Currently, we are at a very interesting and critical point. The price has once again rallied to the top of the Wedge and is testing the major horizontal resistance at the 112500 level. This is the third significant test of this ceiling in recent history.
My Scenario & Strategy
My scenario is built on a repeating pattern of behavior I've observed at this resistance. On the two previous tests of this 112500 area, the price created a 'fake breakout', briefly pushing above the level only to be aggressively sold off. This repeated failure is a strong clue that sellers are dominant here.
My expectation is that history will repeat itself. I'm looking for the price to make one more 'fake breakout' push into the 112500 - 113000 resistance zone. A swift reversal and a fall back below the 112500 level would be the key signal that sellers have once again taken control. The primary target for this move is 110700, which aligns with the ascending wedge support line.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Unlocking the Power of Ascending Triangles in Bitcoin Trading!Hello everyone! 👋
In this analysis, we will explore a popular technical pattern in Bitcoin trading called the Ascending Triangle 🔺 . This is a useful tool that helps us identify potential trading opportunities, especially when the market is in a consolidation phase. Let's dive deeper! 🚀
1. Ascending Triangle Pattern 📊
An Ascending Triangle forms when the price consistently creates higher lows but faces resistance at a fixed price level. This indicates that buyers are in control, but the market needs a strong push to break through the resistance.
2. How to Identify and Read the Pattern 🔍
Higher Lows : In an ascending triangle, the price's successive lows create rising support levels. This shows increasing buying pressure and indicates that the price can’t drop below the established support. 📈
Horizontal Resistance: The resistance level is the area where the price fails to break through for an extended period, creating a horizontal line. For Bitcoin, the current resistance level is 113,000 USD. 🚧
3. Trading Strategy 💡
Wait for a breakout: This pattern typically leads to a breakout when the price exceeds the resistance level. However, it’s crucial not to enter the trade immediately when the price approaches resistance. You should wait for confirmation when the price breaks through the resistance and is followed by a strong candlestick. 🕯️
Enter after confirmation: When the price surpasses the resistance with high volume and a strong candlestick, that’s the ideal time to enter a buy position. This reduces risk when trading. ✔️
4. Support and Resistance Levels 🔄
Resistance: The current resistance at 113,000 USD is critical. If the price breaks this level, we can expect a strong bullish movement. 💥
Support: If the price fails to break through the resistance, keep an eye on support levels like 110,000 USD or lower. When the price returns to these levels, look for signs of a recovery to find a potential buying opportunity. 💪
5. Risk Management ⚖️
Use Stop-Loss: To protect your capital, place a Stop-Loss below the nearest support level. This helps minimize risk if the price doesn’t move as expected. 🔒
Reasonable Profit Target: Set your profit target at the next resistance levels, such as 113,000 USD, 115,000 USD, and even 120,000 USD, which is currently in focus. Always control the risk-to-reward ratio in every trade. 🎯
6. Conclusion 🎓
The Ascending Triangle pattern is a powerful tool for identifying trading opportunities. However, it’s important not to rush into a trade but to wait for confirmation from the market before making a decision. Always remember to manage risk appropriately and follow your trading strategies.
Now, it’s your turn to apply this knowledge in practice. Please like this post if you’ve understood everything and are looking forward to the upcoming lessons—it will be a huge motivation for me. 👍
Wishing you all the best on your journey to becoming an expert! 🌟 Trade safely! 🛡️
NZDUSD: Important Breakout & Bullish Outlook 🇳🇿🇺🇸
I spotted a confirmed breakout of a resistance line of a falling
parallel channel on NZDUSD on a daily time frame.
The next strong resistance is 0.597.
With a high probability, it is going to be reached 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.
EURJPY: Test of Critical Demand Zone 🇪🇺🇯🇵
EURJPY is stuck on a major daily horizontal demand zone.
A recent breakout of a resistance line of a falling parallel channel
on an hourly time frame indicates an intraday strength of the buyers.
I will expect a pullback at least to 173.0 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.
XAGUSD upside target 42.00On the 4-hour chart, XAGUSD is trading within an upward trend channel, with a bullish trend prevailing. Currently, the market has stabilized after retracing to support near 40.70, with an upward target of around 42.00.
EURNZD Wave Analysis – 9 September 2025
- EURNZD broke daily up channel
- Likely to fall to support level 1.9660
EURNZD currency pair recently reversed down from the resistance area between the round resistance level 2.0000 (former powerful resistance from April) and the upper daily Bollinger Band.
The downward reversal from this resistance area started active short-term impulse wave c, which then broke the daily up channel from July.
EURNZD currency pair can be expected to fall toward the next support level 1.9660 (former resistance from July and the start of August).
First time looking at this chartLooks like consolidation is nearing completion. A move above the bottoming channel, then successful retest, would be a good buy signal.
BDP. Accumulation zone.BDP price is 70% higher than the previous historical low and probably by Oct '25 the price may touch $0.02 level and this is a great accumulation zone if that happens - RSI oversold here as an excellent indicator in addition to the main patterns.
TAO triple 1,2 impulse to the upside!Super bullish pattern forming in this bullish scenario on TAO. HTF 1,2 in black finished with a deep retracement. Second 1,2 in light blue finished with a retracement to the 0.5. The third micro 1,2 in green finished with a deep retracement to .886 Fib. Since then we chopped around the bottom with our LTF lower degree 1,2 structures to form the base of the extended wave 3 thats coming (or here now!). It could be counted as such that this wave 3 has already formed its own double 1,2 structure which gives more confluence to a massive rally. Several alts are showing similar patterns. Is alt season yet? xD Happy Trading
BONK | Good EntryBONK presents a compelling bullish setup on the daily timeframe. The chart shows several positive technical developments:
Key Bullish Signals:
Currently trading above key moving averages, indicating momentum shift
Strong bounce from the lower support zone around 0.000017
Volume confirmation supports the breakout move
Entry Strategy:
Current levels offer a good entry opportunity around 0.000024
Alternative entry on any pullback to the green trendline support
Price Targets:
1st Target: 0.000035 (previous resistance zone)
2nd Target: 0.000040+ (upper resistance area marked in red)
Risk Management:
Stop loss below 0.000020 to protect against false breakout
The projected path (pink arrow) suggests potential for significant upside
The technical structure indicates BONK has completed its consolidation phase and could be entering a new bullish cycle.
The risk-to-reward ratio appears favorable for long positions, though traders should manage position sizes appropriately given the volatile nature of meme coins.
Bitcoin will exit from pennant and continue to growHello traders, I want share with you my opinion about Bitcoin. The market for Bitcoin has been undergoing a lengthy corrective phase, with the price action methodically descending since its last major peak. This bearish price action has been contained within a large downward pennant, a classic reversal pattern that suggests the preceding downtrend is losing momentum as volatility contracts. The price for BTC has been squeezed between the descending resistance line and an ascending support line. Currently, the asset is at a critical inflection point, as it is directly testing this ascending support line after a recent rejection from the upper boundary of the pattern. The primary working hypothesis is a long scenario, predicated on a bullish resolution from this dynamic support. The expectation is that buyers will defend this ascending support line, initiating a powerful rebound that is strong enough to cause a breakout above the pennant's main resistance line. This would signal a reversal of the recent downtrend. Therefore, the TP is logically placed at 115000 points, a prudent intermediate target aiming for a key area of prior price consolidation. Please share this idea with your friends and click Boost 🚀
GOLD → As prices continue to rise, so do the risks...FX:XAUUSD continues to rise, setting new highs. New ATH 3659. Focus on current consolidation, as the structure remains bullish...
Gold hit a new record high, surpassing $3,650, amid a weakening dollar and growing expectations of aggressive Fed policy easing. However, overbought conditions and profit-taking risks may limit further growth.
The USD is at 7-week lows due to fears of stagflation and deteriorating employment data. The probability of a rate cut on September 17 is 89.4% (25 bps), with a chance of 50 bps. Markets are expecting more than two cuts in 2024.
Risks for gold: “Sell the fact”: If the NFP revision turns out to be weak (as expected), investors may start to take profits.
Technically, gold remains bullish, but a near-term correction is likely due to technical factors and a possible reaction to the data. The long-term trend remains bullish thanks to a weak USD and the Fed's dovish policy.
Resistance levels: 3657, 3675, 3700
Support levels: 3636, 3628, 3620
Gold is consolidating. At the moment, the fundamental background is stable, and no news is expected today except for those that are impossible to predict (comments, rumors, etc.). Before further growth, gold may test the support area and the liquidity hidden behind it.
Best regards, R. Linda!
