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Parallel Channel

GBPUSD - The hunt for liquidity before the trend continues FX:GBPUSD entered a local correction phase amid a pullback in the dollar after a strong rally. The main trend is bearish, and growth after the correction may continue. A correction has been forming since the opening of the session. The dollar is recovering slightly, while the pound is correcting towards the daily level of 1.377 and the Fibonacci area of 0.5-0.6. If the bulls hold back the correction, the market may return to the trend. The main/medium-term trend is bullish. The correction and false breakout of support may shift the imbalance of forces towards buyers, which could trigger growth from strong levels. Resistance levels: 1.3831, 1.38688 Support levels: 1.377, 1.3748 A false breakdown of support and the upward trend line could trigger growth within the main trend Best regards, R. Linda!
Long
by RLinda
6
XAUUSD Long: Consolidation Before the Next Impulsive MoveHello traders! Here’s a clear technical breakdown of XAUUSD (1H) based on the current chart structure. Gold is trading within a strong and well-defined ascending channel, confirming a sustained bullish trend supported by consistent higher highs and higher lows. This structure reflects strong buyer dominance and healthy trend conditions rather than an overextended or exhausted move. Prior to the impulsive rally, price spent a prolonged period consolidating within a range, indicating accumulation and balance between buyers and sellers. This range eventually resolved to the upside, triggering a clean breakout and initiating a strong bullish impulse that pushed price firmly into the ascending channel. Currently, Gold is pulling back toward a strong Demand Zone around 4,990–5,010, which aligns closely with the lower boundary and midline of the ascending channel. This confluence between horizontal demand and dynamic channel support significantly strengthens the level. The pullback so far appears corrective, with price showing stabilization and buyer reactions near demand, indicating that sellers are losing momentum while buyers continue to defend the broader bullish structure. My scenario: as long as XAUUSD holds above the demand zone and continues to respect the ascending channel, the bullish structure remains intact. A sustained reaction from this demand area could lead to another bullish leg targeting the 5,150 Supply Zone (TP1). A clean breakout and acceptance above this supply would confirm trend continuation and open the door for further upside expansion within the channel. However, a decisive breakdown and acceptance below the demand zone and channel support would invalidate the bullish bias and signal a deeper corrective phase. For now, structure, trend, and price action continue to favor buyers. Manage your risk!
FOREXCOM:XAUUSDLong
by heniitrading
40
BTCUSDT Long: Reacts From Demand - Pullback Toward $89,500Hello traders! Here’s a clear technical breakdown of BTCUSDT (2H) based on the current chart structure. Bitcoin previously traded within a well-defined ascending channel, confirming a strong bullish phase with consistent higher highs and higher lows. During this advance, price successfully broke above a key Supply Zone, signaling strong buyer control and triggering a continuation move. After the breakout, BTC entered a consolidation range, reflecting temporary balance and profit-taking before the next expansion. This range eventually resolved to the upside, leading to a sharp impulsive rally that formed a clear pivot high, where selling pressure began to emerge. Currently, BTCUSDT is trading just above the demand zone after the fake breakdown, indicating that buyers are starting to react and defend this area. The rejection from below demand and stabilization near this level increases the probability of a corrective bounce rather than further impulsive selling. Structurally, this area aligns with prior demand and a key reaction zone, making it critical for the next directional move. My scenario: After the strong bearish impulse, I expect a corrective pullback to the upside, targeting the 89,500 level (TP1). This level represents previous support turned resistance and is a natural retracement target after a fake breakout from demand. This setup should be treated as a counter-trend corrective move within a broader corrective structure, not a full trend reversal. A clean breakout and acceptance above 89,500 would open the door for a deeper recovery. However, failure to hold above the 87,200 demand zone would invalidate this scenario and increase the probability of further downside continuation. For now, price is at a key reaction area where buyers may attempt to reclaim lost ground. Manage your risk!
Long
by heniitrading
23
EURUSD Short: Approaches Supply - Pullback Short Setup in FocusHello traders! Here’s a clear technical breakdown of EURUSD (3H) based on the current chart structure. After a strong bullish impulse and a confirmed breakout from the descending channel, EURUSD has moved aggressively higher inside a newly formed ascending channel. This impulsive rally signals strong buyer dominance in the short term; however, price is now approaching a key Demand-to-Supply transition area around 1.1790–1.1830, which previously acted as a significant reaction zone. The sharp upside move has created a near-vertical leg, increasing the probability of a temporary pullback due to overextension and profit-taking. Currently, price is testing the upper portion of the ascending channel while simultaneously reacting to prior structure resistance. The rejection candles forming near this area suggest that bullish momentum is slowing, and buyers may be losing short-term control. This behavior often precedes a corrective retracement rather than a full trend reversal, especially after such an impulsive move. From a structural perspective, the zone around 1.1830–1.1870 aligns with a higher-timeframe Supply Zone, making it a logical area for sellers to step in. A bearish reaction from this region could trigger a pullback toward the mid or lower boundary of the ascending channel, where fresh demand may later re-enter. My scenario: In my opinion, after a strong impulse, a corrective pullback to the level of 1.1790 (TP!) will follow. This zone aligns with channel support and previous breakout structure, making it a natural target for a healthy retracement (TP1). This short idea is counter-trend and should be treated strictly as a pullback trade within a broader bullish structure. Strong acceptance and continuation above the supply zone would invalidate the short scenario and signal renewed bullish continuation. For now, price is at a critical reaction zone where sellers may attempt to force a correction before the next directional move. Manage your risk!
Short
by heniitrading
27
XAUUSD: Continues Uptrend After Breakout, $5,170 in FocusHello everyone, here is my breakdown of the current XAUUSD setup. Market Analysis XAUUSD is trading within a strong and well-established bullish trend, supported by a clearly defined upward channel that has guided price higher over an extended period. Throughout this move, Gold has consistently respected the channel structure, printing higher highs and higher lows, which confirms sustained buyer dominance and healthy trend conditions rather than an exhausted rally. In the middle of the trend, price paused and formed a consolidation range, signaling temporary balance and accumulation before continuation. This range acted as a base, after which XAUUSD broke out decisively to the upside, triggering a powerful bullish impulse. Following the breakout, price accelerated higher and began respecting a rising triangle support line, showing that pullbacks remain shallow and corrective in nature. Currently, Gold broke above the marked Support Zone, confirming a clean structure flip where former resistance turned into support. This breakout was followed by acceptance above the level, indicating strong buyer commitment rather than a false move. Price is now trading above the support zone and continues to trend higher toward the upper boundary of the structure. Above the current price, a clearly defined Resistance Zone around the 5,160–5,170 area stands as the next major technical obstacle. This zone represents a higher-timeframe supply area where profit-taking or temporary selling pressure may emerge. However, so far, there are no strong signs of impulsive rejection, and price action suggests continuation strength rather than distribution. My Scenario & Strategy My primary scenario remains bullish as long as XAUUSD holds above the Support Zone around 5,050–5,070 and continues to respect the rising structure. A controlled pullback into support, followed by bullish continuation signals, would offer a favorable continuation setup. I expect buyers to maintain control and attempt a push toward the Resistance Zone near 5,170 (TP1). A clean breakout and acceptance above this resistance would confirm trend continuation and open the door for further upside expansion within the broader bullish channel. However, if price reaches resistance and shows clear rejection, a short-term corrective pullback toward the support zone or the rising triangle support line would be a healthy and expected move within the trend. Only a decisive breakdown and acceptance below the support zone would weaken the bullish structure and signal a deeper corrective phase. For now, structure, momentum, and price action continue to favor buyers. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
FOREXCOM:XAUUSDLong
by Ratner
44
EURUSD Short-Term Correction Within Bullish StructureHello traders! Here’s my technical outlook on EURUSD (1H) based on the current chart structure. EURUSD recently shifted into a bullish phase after completing a prolonged corrective move inside a descending channel. Price respected the lower boundary of that channel multiple times, forming higher reactions from support and signaling weakening seller pressure. Eventually, buyers took control and triggered a strong impulsive breakout to the upside, decisively breaking above the channel resistance and accelerating higher. This impulse confirms a short-term bullish market structure and strong momentum from buyers. Following the impulsive rally, price pushed directly into a clearly defined Seller Zone / Resistance Level around 1.1880, where a fake breakout occurred. The sharp rejection from this area indicates that sellers are active near the highs and that the market may be temporarily overextended. Such behavior after a vertical move often signals exhaustion rather than immediate continuation. As a result, EURUSD is now showing signs of a corrective phase. The most logical scenario is a pullback toward the previous Buyer Zone around 1.1790, which aligns with the former resistance turned support and the broader Support Level marked on the chart. This zone represents a key area where buyers previously stepped in aggressively, making it a natural magnet for price during a retracement. My scenario: after the strong impulse and rejection from the Seller Zone, EURUSD may continue to correct lower toward the 1.1790 support area (TP1). As long as price remains below the resistance and inside this corrective structure, a pullback remains the favored outcome. A clean reaction and stabilization from the support zone could later open the door for trend continuation to the upside. However, a failure to hold this support would increase the probability of a deeper correction. For now, this is a counter-trend pullback scenario within a broader bullish context, with sellers in control in the short term and buyers expected to re-enter at key support. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
33
Gold Roadmap | Short-termAs Gold( OANDA:XAUUSD ) blasts through the $5,100 barrier on January 26, 2026, captivating investors worldwide, the surge reflects a perfect storm of global uncertainties and economic shifts. Key Fundamental Reasons: Geopolitical Tensions: Rising tensions in the Middle East due to US actions over the past few days, as well as President Trump's threat to impose 100% tariffs on Canada Central Bank Buying: Continued accumulation by central banks, including China's $4B acquisition of a miner, to diversify reserves amid economic risks. Weakening US Dollar( TVC:DXY ): Dollar's decline against currencies like the yen, fueled by intervention risks, making gold more attractive. Interest Rate Expectations: Anticipated Fed rate cuts (at least two quarter-point reductions) reduce the opportunity cost of holding non-yielding gold. Economic Uncertainty: Fears of slowdowns, inflation persistence, and potential U.S. government shutdowns drive investors to gold as a store of value. Let’s take a look at the technical setup for gold on the 1-hour timeframe. Stay with me! To start, as I’ve mentioned in previous ideas, assets hitting all-time highs make technical analysis challenging due to the lack of historical data. Therefore, my goal is to identify key zones that can assist in trading gold. Recently, gold has risen significantly due to fundamental factors and policymakers’ statements. Gold has created a new gap($5,003.70-$4,987.54) at the start of this week, indicating what might be considered a gap party (a playful note) due to multiple price jumps. In the past nine days, Gold appears to have formed an ascending Channel, and within that channel, there is a smaller ascending Channel that can serve as support and resistance levels. From an Elliott Wave perspective, it seems that gold is currently completing the microwave 4 of the main wave 5, and this main wave 5 appears to be extended. I expect that gold will start to rise again from the lower line of the small ascending Channel and move toward the Potential Reversal Zone(PRZ) . After reaching that zone, we might see a pullback, depending on news and geopolitical developments. What do you think about gold’s bullish trend? How far can it go before a correction begins? I’d love to hear your thoughts on gold. How long do you think it can maintain this bullish trend? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Gold Analyze (XAUUSD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:XAUUSDLong
by pejman_zwin
43
GOLD - The market bought the dip. ATH retest. 5150?FX:XAUUSD , after an aggressive rally, faced a correction (profit-taking) near 5100. However, the market is quickly buying back the decline and is once again storming the ATH with the aim of continuing its growth. Fundamental situation - Trump continues to escalate relations with Canada (new tariffs) and maintains tensions with the EU... - Russia-Ukraine negotiations in Abu Dhabi ended without result, which maintains geopolitical risks. - The Fed meeting (decision on January 31) will be the main event of the week. Rates are expected to remain unchanged, but Powell's tone could cause volatility. However, the market expects two Fed rate cuts in 2026. Technically, the market has the potential to continue its movement due to fundamental support. Resistance levels: 5100, 5111, 5125, 5150 Support levels: 5075, 5055 In the current situation, it is logical to consider two scenarios: - steady growth without pullbacks and a storming of resistance could lead to a breakout of 5100 and an upward momentum. Local target 5125-5150 - retest of the liquidity zone (long-squeeze) 5075 - 5055 before continuing growth Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
40
USDJPY - Interventions strengthen the JPY (price decline)FX:USDJPY is in a negative rally phase, passing through the entire trading range, breaking through the daily timeframe support at 154.450 and closing below the level, hinting at a possible continuation of the decline. The dollar is falling, the yen is strengthening. The Bank of Japan intervened, which contributed to the strengthening of the national currency. The current movement may continue... The currency pair breaks through the fairly important support level of 154.500 (154.45) as part of the rally and closes below the level. Consolidation is forming on the local timeframe, which may be aimed at a further decline. A short squeeze in the 154.45 zone could trigger a decline to 153 - 151.8 Resistance levels: 154.45, 155.65 Support levels: 152.96, 151.85 A breakdown from the local consolidation could trigger a continuation of the decline, as could a retest of the nearest resistance (liquidity hunt). The market still has the potential to continue falling to 151.85 and to the intermediate bottom of 149.5. Best regards, R. Linda!
Short
by RLinda
7
SLP Pump warning---Do not miss that 10XThe daily chart structure for SLP has been decisively broken, marking a potential shift following an extended multi-year downtrend. The significant decline observed over the previous five years may have established a long-term accumulation base, from which a sustained recovery can emerge. Recent price action, supported by notably high volume and likely institutional (“whale”) accumulation visible on daily candles, suggests early signs of momentum reversal. Should this volume-backed breakout hold, the scale of the preceding decline could support a substantial upward revaluation. Measured move projections from the breakout zone indicate a potential appreciation range of 5x to 10x over the medium to long term, provided the asset maintains its newfound support and continues to attract sustained buying interest. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
1
DOGE is super bullish in lower timeframes DOGE is displaying a confluence of bullish signals across timeframes. On the hourly chart, a decisive breakout above both a channel resistance and a descending trendline has occurred. Concurrently, the price is consolidating near a significant daily support level, adding further strength to the technical structure. This multi-timeframe alignment suggests a high-probability setup for an upward move. The minimum measured technical target from this configuration projects approximately +30% upside from the current level. For leverage traders , this presents a potential high risk/reward opportunity, provided entries are taken upon confirmed momentum and with strict stop-loss management below the daily support zone. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
2
BITCOIN - Consolidation below 90K. Weak marketBINANCE:BTCUSDT failed to break through the 90K area, and the market is forming a cascade of resistance, indicating the dominant position of sellers in the current circumstances. The market still looks quite weak, and any attempts at growth are a hunt for liquidity. Global and local trends are bearish, with sales dominating (outflow of funds). There is no fundamental support, the transfer of assets to crypto exchanges and the outflow of funds from ETF funds continues, which in general indicates weak market sentiment during the crypto winter. The current cycle is downward, and there is a possibility of a retest of the 80,000-75,000 zone. Technically, Bitcoin is facing strong resistance at 89K and, unable to continue its growth, is rebounding and heading downwards. A short squeeze may form before the fall. Resistance levels: 88,950, 89,590, 90,350 Support levels: 86970, 86100 If the bears keep the price below 89000, the market may fall to an intermediate bottom of 86000, however, closing below 86K could signal a further decline to 80K. Best regards, R. Linda!
Short
by RLinda
22
FTM [FANTOM] EWP TC FIB ANALYSIS WEEKLY TFFTM – Weekly Structure Overview Price completed a clear 5-wave impulse from the 2020 low into the 2021/22 peak. Since then, the market has been unfolding a higher-degree A–B–C correction within a descending channel. Wave B stalled in the typical 0.618–0.707 Fibonacci retracement zone, followed by an impulsive decline forming Wave C. The current selloff remains technically corrective and is approaching a strong confluence support area between the 0.5–0.618 retracements, aligned with long-term channel support. Structure suggests late-stage correction, not trend failure. A completed Wave C would open the door for a new primary impulsive cycle. Key Takeaways: • Macro trend remains structurally intact • Current price action appears to be late-stage corrective behavior • No bullish confirmation yet — but downside risk is approaching exhaustion levels • Patience is required until Wave C completes and structure confirms Like and follow for more charts like this.
CRYPTO:FTMUSDLong
by Anakyn
Gold Breaks $5,000 — Momentum Meets CautionGold has just smashed through the $5,000/oz level, marking a historic breakout. The move is being powered by Fed rate-cut expectations and ongoing safe-haven demand amid global uncertainty. Technically, price is riding a steep ascending channel, showing strong trend momentum — but RSI divergence is flashing early warning signs that bullish momentum could be running out of steam. If gold holds above the lower channel trendline, the uptrend remains intact. But a breakdown here could trigger the first meaningful correction in weeks.
OANDA:XAUUSD
by Alchemy Markets
DXY [US$ INDEX] EWP TC FIB ANALYSIS MONTHLY TFDXY – Monthly Macro Structure The U.S. Dollar Index continues to trade within a long-term descending macro channel originating from the 1985 Plaza Accord high. The 2001 and 2022 peaks both align precisely with this falling resistance, confirming a multi-decade pattern of lower highs. The advance since the 2008 low appears corrective, forming a large W–X–Y structure rather than a five-wave impulse. The current recovery phase represents the final wave Y, now approaching confluence between declining channel resistance, horizontal supply, and Fibonacci retracement levels. Momentum supports this interpretation. Monthly RSI shows clear bearish divergence relative to the 2022 high, indicating structural exhaustion rather than trend continuation. If wave Y completes within this resistance zone, a decisive breakdown below the corrective structure would signal the end of the entire post-GFC dollar rally. Long-term technical projections point toward the 58 region, aligning with historical support and lower-channel targets. From a macro perspective, current strength remains corrective until proven otherwise. Like and follow for more charts like this.
TVC:DXYLong
by Anakyn
3
GOLD - Waiting for a pullback to enter a long position...FX:XAUUSD continued its record growth for the sixth consecutive day, reaching $5,110. The driving forces behind this are geopolitical uncertainty, expectations of a softening of Fed policy, active purchases by central banks, and an outflow from the dollar... Fundamental drivers Geopolitics: Russia-Ukraine, Trump's threats of 100% tariffs on Canada, and the risks of further escalation with the EU... The dollar fell to its lowest level since September 2025 due to interventions by the Bank of Japan and expectations of interest rate cuts. At the same time, central banks in many countries continue to show high interest in the metal. The Fed's interest rate meeting is coming up (January 31 - February 1). The tone of the regulator is important; there are doubts about further rate cuts, and if this is confirmed, the market may enter a correction... Resistance levels: 5110, 5150 Support levels: 5080, 5055, 5031 Technically, it is quite risky to open long trades from the current price position (in the 5090 zone). I recommend waiting for a correction to the specified support zones to find more profitable and safer entry points! Best regards,
FX:XAUUSDLong
by RLinda
31
NOT Main Trend. Descending Channel -98% 01/27/2026Logarithm. Time frame: 1 week. The price is in the main trend and remains in a downward channel with a given volatility range. It's important to understand that the creators of this cryptocurrency always sell at any price (they're created for profit, fueled by hype). However, at low prices (-94-99%), a dilemma arises: 1️⃣ invent a reason for a scam and abandon the project; 2️⃣ or reverse the trend and temporarily restore faith in this scam cryptocurrency. In order to continue sales. You can use this and profit from it. But, in the long term, you should be cautious with such assets. This applies to absolutely all cryptocurrencies created for hype and without any real future use. When trading such a dying former super-hype, manage your risks. This is the basic principle. If you can't do this, avoid it. NOT Local trend. Sideways. -98%. Reversal zones 27 01 26
Long
by SpartaBTC
24
JPM – JPMorgan Chase (Daily)JPM is trading inside a well-defined ascending channel after a strong bullish rally. Price has now pulled back sharply and is currently testing the lower boundary of the channel, making this a critical decision zone. Technical Structure • Primary trend: Bullish (as long as channel support holds) • Pattern: Ascending Channel • Moving Average: Price slightly below MA → short-term bearish pressure Key Levels • Major Support: 295 – 298 (Channel bottom) • Next Supports if broken: 285 → 275 • Resistances: 315 → 325 → 335 Bullish Scenario (Primary) If: • Price holds above 295–298 • Reclaims the channel structure ➡️ This move would be considered a healthy pullback within an uptrend. Upside Targets: 315 → 325 → Upper channel (~335) Bearish Scenario (Alternative) If: • Daily close below the channel support ➡️ Bullish structure weakens and deeper correction becomes likely. Downside Targets: 285 → 275 Final Takeaway JPM is at make-or-break support. Holding the channel keeps the bullish trend alive; losing it opens the door to a deeper correction.
NYSE:JPMLong
by isahebdadi
XAUUSD Long: Bullish Trend Intact Below the $5,000 Supply ZoneHello traders! Here’s a clear technical breakdown of XAUUSD (1H) based on the current chart structure. Gold is trading within a well-defined bullish trend, supported by a clean ascending channel that has guided price higher from the lower levels. Earlier in the move, XAUUSD respected the lower boundary of the channel and formed a sequence of higher highs and higher lows, confirming sustained buyer control. During this advance, price entered a consolidation range, signaling temporary balance and accumulation before continuation. This range eventually resolved to the upside, triggering a strong impulsive breakout and accelerating bullish momentum. After the breakout, Gold pushed higher within the ascending channel and approached a major Supply Zone near the psychological 5,000 level. At this area, price showed hesitation and formed a fake breakout above resistance, indicating that sellers were active near the highs. Following this rejection, XAUUSD pulled back toward the mid-lower area of the channel, where previous resistance has now turned into a Demand Zone around 4,870. This zone aligns with channel support and a key structural level, making it an important area for buyer reaction. The recent dip into demand appears corrective rather than impulsive, suggesting a pause within the broader uptrend. Currently, XAUUSD is trading above the demand zone and remains inside the ascending channel, with buyers defending structure. The market is compressing after the pullback, which often precedes continuation in trending conditions. My scenario: as long as Gold holds above the 4,870 demand zone and continues to respect the ascending channel, the bullish bias remains intact. A renewed push higher could lead to another test of the 5,000 Supply Zone (TP1). A clean breakout and acceptance above this level would confirm trend continuation and open the door for further upside expansion. However, failure to hold demand and a breakdown below channel support would weaken the bullish setup and signal a deeper corrective phase. For now, structure and momentum continue to favor buyers. Manage your risk!
FOREXCOM:XAUUSDLong
by heniitrading
17