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Parallel Channel

EURUSD: The Pump Before the DumpHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis From a broader perspective, the price has been consolidating within a large symmetrical triangle. This has created a well-defined range between the support zone at 1.1545 and the resistance zone at 1.1760, indicating market balance. Currently, the price is rallying towards the upper boundary of this triangle after a bounce from its support line. This move is taking price directly into the key resistance area of 1.1740 - 1.1760. My Scenario & Strategy My scenario is built on a critical recent signal: the 'fake breakout'. The price pushed above the triangle's resistance but was forcefully rejected from the 1.1740 resistance level, showing strong seller control at the highs. I expect this current rally to be a second test of that same seller-controlled territory. My anticipation is that the price will again fail to find acceptance above the triangle's resistance line, confirming the bearish pressure. Therefore, the strategy is to watch for this rejection, as it would validate the short scenario and likely trigger a rotation downwards. The primary target is the 1.1565 level, aligning with the support zone between 1.1565 and 1.1545 area. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
1
XAUUSD (Gold) Breakout Strategy: Upside or Downside?XAU USD 1 hour Strategy Current Situation: We're looking at the XAUUSD (Gold) 1-hour chart, with the price currently hovering around 3395. It's consolidating within an ascending channel, approaching a significant resistance area. Key Resistance: There's a notable resistance level identified at 3430, which the price has struggled to break above previously. Upside Play Condition: For an upside move, the chart suggests waiting for a confirmed break above the current upper trendline. This would indicate strong bullish momentum and a potential push towards higher resistance levels. Downside Play Condition: Conversely, a downside play is only recommended if the price breaks down below the lower trendline of the current channel. Such a breakdown could lead the price towards the "Confluence Support" area shown below. Actionable Insight: The market is currently at a critical juncture. It's advisable to observe for a decisive breakout (either up or down) from the current consolidation pattern before initiating any new trades, as indicated by the specific trendline break points. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
FOREXCOM:XAUUSDLong
by ManiMarkets
BTCUSD: Long-Term Bullish Faces Critical Weekly Support TestBTCUSD: Weekly Analysis Dominant Long-Term Uptrend: The weekly chart clearly shows a strong, well-defined bullish trend for BTCUSD, evidenced by consistent price action within broad ascending channels dating back to late 2023. Channel Respect: Bitcoin's price has consistently found support and resistance along the boundaries of these upward channels, indicating a controlled and sustained ascent over this extended period. Current Pullback to Channel Support: The asset is currently undergoing a pullback from its recent highs, with the price now testing the lower boundary of the primary ascending channel. Crucial Support Confluence: A highly significant "Current Strong Support 95 to 100K$" zone has been identified. This area is critical as it represents both a key structural support from the ascending channel and a notable 0.618 Weekly Fibonacci level. Outlook: The ability of BTCUSD to defend and bounce from this 95K-100K support zone is paramount for the continuation of the long-term bullish narrative. A strong reversal here would reaffirm the uptrend, while a breakdown could suggest a deeper correction within the broader market. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
CRYPTO:BTCUSDLong
by ManiMarkets
BTCUSD: Long-Term Uptrend Intact, Crucial Channel Support TestBTCUSD Daily Analysis: Overall Bullish Trajectory: BTCUSD has demonstrated a strong, consistent long-term uptrend, clearly visible through its progression within ascending channels over the past year and a half (March to current). Two-Tiered Channel Structure: The price action is guided by two ascending channels: a broader, foundational channel outlining the overall macro trend, and a more recent, steeper channel indicating an accelerated period of bullish momentum. Critical Support Test Underway: Bitcoin is currently challenging the lower boundary of its steeper ascending channel, situated around the $112,000 level. This is a pivotal point for short to medium-term price direction. Upholding Momentum: A successful defense and bounce from this immediate channel support would be a bullish signal, potentially propelling the price back towards the recent highs within the upper channel. Backup Support Level: In the event of a breakdown from the current steeper channel, attention would shift to the lower boundary of the broader, underlying ascending channel, which serves as a significant long-term support area. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
CRYPTO:BTCUSDLong
by ManiMarkets
BTCUSD: Medium-Term Downtrend in Play, Key Levels to Watch BTCUSD: 4 Hour Time Frame Analysis Established Downtrend: After reaching a "Major Resistance - All time high" around 123,000−124,000 in mid-August, BTCUSD has clearly entered a descending channel, signaling a dominant bearish trend on this 4-hour timeframe. Channel Bound Movement: The price has consistently respected the upper and lower boundaries of this descending channel, indicating that sellers are currently in control and any rallies are being met with selling pressure. Current Consolidation Point: Bitcoin is currently consolidating around a horizontal support/resistance level near 112,000−113,000, which also sits within the descending channel, showing indecision at this level. Immediate Resistance Ahead: For any significant upward movement to materialize, BTCUSD must decisively break above the "Current resistance 117K $" zone, which coincides with the upper trendline of the descending channel. Critical Downside Support: Should the current consolidation fail and the price break lower from the descending channel, the next crucial support level to monitor is the red zone around 108,000−109,000, which has historically acted as a strong buying area. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
CRYPTO:BTCUSDShort
by ManiMarkets
BTCUSD Price Action: Establishes Uptrend, Facing First Hurdle Trend Reversal: After a clear downtrend from the 23rd to the 26th, BTCUSD has successfully broken out of its bearish channel, indicating a shift in momentum. Key Support Established: The price found strong support around the $110,500 level (the green horizontal zone), which acted as a critical floor and initiated the current upward movement. Current Bullish Momentum: BTCUSD is currently trading within an ascending channel (the green diagonal channel), demonstrating short-term bullish momentum and higher lows. Immediate Resistance Test: The asset is now testing its first significant resistance level at $113,500. A decisive break and hold above this zone would confirm further strength. Next Price Targets: Should the $113,500 resistance be overcome, traders should watch for the next resistance levels at $114,500 and subsequently $115,500 as potential upside targets. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
CRYPTO:BTCUSD
by ManiMarkets
NZDJPY → A false breakout of resistance will trigger a declineFX:NZDJPY entered a correction phase after a sharp decline. The main trend is downward, with a countertrend movement aimed at consolidating potential before further decline. A countertrend correction is forming against the backdrop of the main downward trend. The current movement may be aimed at hunting for liquidity before continuing its movement. Focus on the resistance zone at 86.67 The currency pair is trading below key resistance within the global downtrend. As part of the correction, the price may test 86.67 - 87.10 before continuing the main trend. Resistance levels: 86.67, 86.97, 97.11 Support levels: 85.97, 85.6 If a false breakout of the key zone of interest forms during the correction without the possibility of continuing growth, we will receive confirmation that the market is ready to move down. Consolidation below the level may trigger a downward impulse. Best regards, R. Linda!
Short
by RLinda
6
EURUSD - Descending Channel in PlayTimeframe: 1H Pair: EUR/USD Chart Overview The pair is currently trading within a descending channel, forming consistent lower highs (LH) and lower lows (LL). Resistance: Clearly marked at the upper trendline. Support: Holding at the lower trendline. RSI: Showing a bullish divergence on the latest LL, suggesting potential short-term momentum shift. Key Points Price action respects the channel structure. Any rejection from the resistance trendline could lead to a continuation towards support. A breakout above resistance (channel top) with volume could open room for a bullish correction. RSI divergence is worth monitoring closely as it may indicate early signs of weakening bearish momentum. Trading Plan (Not Financial Advice) Bearish Scenario: Look for short opportunities on rejection from resistance. Bullish Scenario: Watch for breakout and close above the channel for possible long entries. 📊 Bias remains bearish until a confirmed breakout occurs.
Short
by fahimsafdar777
1
EUR/USD Sell Setup (6H Chart)💎MJTrading 📸 Viewing Tip: 🛠️ Some layout elements may shift depending on your screen size. 🔗 View the fixed high-resolution chart here: FX:EURUSD 🔹 Bias: Bearish (continuation within descending channel) 🟢 Entry Point: 1.17100 This aligns with upper boundary of the descending channel. Confluence with previous Lower High and resistance zone. ❌ Stop Loss (SL): 1.17424 Medium Risk Entry and Stop Loss Above the channel resistance and recent swing high. Other option for Stop Loss (Lower Risk): 1.18000 Allows room for minor wicks without invalidating the setup. 🎯 Take Profit (TP) Levels ✅ TP1 (RR1) → 1.16763 📈 TP2 → 1.16438 💰 TP3 - RR4→ 1.15800 💰💰 TP4 - RR10→ 1.13860 🧠 Trade Logic Price is respecting a descending channel with clear lower highs and lower lows. The 1.18300 level is a high-probability reversal zone due to technical confluence. ⚠️ Risk Management Risk:Reward ratio ranges from 1:1 to 1:10, depending on TP level. Consider scaling out at TP1 and TP2 to lock in profits while leaving a runner for TP3 and ... Manage your risk wisely ... #EURUSD #PriceAction #TechnicalAnalysis #Trading #MJTrading Psychology Always Matters:
Short
by MJElahifx
17
GBPAUD → The correction is nearing completion...FX:GBPAUD is set to end the correction formed within the global bullish trend. A false breakdown of the liquidity zone is forming... GBPAUD on D1 is testing a strong support zone, which gives traders hope for a possible recovery. Locally, the chart shows signs of the correction ending... After correcting to 1/2 of the range, GBPAUD is forming a false breakdown of the order block and breaking the bearish structure, confirming the end of the correction. Consolidation above 2.076 could trigger a recovery within the bullish trend. Resistance levels: 2.086, 2.0978 Support levels: 2.076, 2.0715 Despite breaking through the resistance of the local correction, the market must confirm the bullish sentiment. Consolidation of the price above 2.076 will confirm this nuance, and consolidation above the key support may influence further growth. Best regards, R. Linda!
Long
by RLinda
5
SPX500 Weekly Trend AnalysisSPX500 Weekly Trend Analysis The SPX500 on a weekly timeframe continues to show an upward trend within a rising channel that has been in place since 2020. The price behavior in relation to the 50.0% Fibonacci retracement levels is particularly interesting—the previous two pullbacks both stopped at this key level, confirming its significant role as support. As a reminder, after forming a low in 2020, the SPX500 entered a long bullish trend that lasted until December 2021, when it recorded its first high at 4500.00. After that, the index pulled back to the 50.0% Fibonacci level and then continued with a new bullish rally. A new higher high was formed around 6000.00, which is again connected to the -50.0% Fibonacci level. The next pullback, similar to the previous one, found support at the 50.0% Fibonacci retracement, suggesting a continuation of the upward trend. Based on this pattern, there is a realistic possibility of a new bullish rally with a potential target of 7500.00 (-50.0% Fibonacci level). Following the previous cycles from low to high and pullback, the average interval is approximately 920–930 days, which provides a rough time projection: Next high: By the end of 2026 Next pullback: First part of 2027 or, at the latest, by October 2027 This pattern confirms the strong long-term growth structure and implies that the SPX500 will likely maintain its positive momentum for several more years, with periodic corrections that rely on key Fibonacci levels.
FX:SPX500Long
by Aleksin_Aleksandar
GOLD → Consolidation to continue growth towards 3400FX:XAUUSD is updating its local maximum but is facing pressure in the 3375-3400 zone. The market is bullish, but the dollar is consolidating. Traders are waiting for signals and stronger drivers... Gold resumes growth, approaching the $3400 level, amid a weakening dollar and falling US government bond yields. Key drivers: Trump's new threats of tariffs on Chinese goods and his attack on the Fed (removal of Lisa Cook) are undermining confidence in US assets (pressure on the dollar). Soft Fed rhetoric: Expectations of a September rate cut have strengthened after Powell's speech. Key risks: The dollar's recovery amid trade threats, US economic data may adjust rate expectations, and the escalation of the trade war supports demand for safe assets The short-term dynamics of gold will depend on the balance between the Fed's soft monetary policy and trade tensions. Resistance levels: 3379, 3400 Support levels: 3369, 3362, 3358 As part of the correction, the market may test local support zones located within the current trading range, after which gold may return to attack 3375-3379 to continue its growth towards 3400. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
18
EURUSD Faces Deeper Pullback RisksEURUSD Technical Analysis: The EURUSD pair is losing momentum in the 1.1800–1.1900 zone, which has led to a drop below 1.1650, raising concerns of a deeper pullback and a potential break of the previous low at 1.1400. Additional pressure comes from the break of the ascending trendline, suggesting the possibility of a pullback and the formation of a new lower low. Based on Fibonacci retracement levels: the first target is at 38.2% (around 1.1200) while the next, deeper correction level is at 61.8% (around 1.0800). As long as the price remains below 1.1650, the pressure stays on the bearish side, while only a return above 1.1800 would reopen the path toward 1.20.
Short
by Aleksin_Aleksandar
BNBUSDT → Strong altcoin. Correction before growth.BINANCE:BNBUSDT.P , after forming an ATH, entered a correction, which may stop at 10-15%, after which the market may enter a recovery phase. The coin looks quite strong, especially against the backdrop of a bullish trend... BNB looks quite stronger than Bitcoin. While the flagship is forming a deep correction, the altcoin is testing local support within the bullish trend. BNB has quite positive dynamics. There is a strong bullish trend, the ATH has been updated, but a correction is forming, which is 8% of the permissible 30% (there is still room to move). The liquidity zone of 820-815 may serve as an area of interest. By the time the mirror level and strong area of interest are retested, Bitcoin may move into a recovery phase, which in turn will trigger growth in BNB. Support levels: 820, 816, 796 Resistance levels: 861, 884, 901 At the moment, the entire cryptocurrency market is in a downtrend. As part of this cycle, BNB may test support at 820-816. A false breakdown of support and consolidation above this level may indicate that bulls are interested in further growth. This could trigger a recovery within the main trend. Best regards, R. Linda!
Long
by RLinda
2
MarketBreakdown | EURUSD, USDCAD, USDJPY, SILVER Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 The pair is now consolidating within a wide horizontal range. We see a test of its support now. Probabilities will be high, that a bullish movement will follow from that. 2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 The pair is positioned strongly bullish, respecting a solid rising trend line after a pullback. With a high probability, growth will continue. 3️⃣ #USDJPY daily time frame 🇯🇵🇺🇸 Similarly to EURUSD, the pair is consolidating. The price is trading in the middle of the horizontal parallel channel. With a high probability, it will start growing soon and reach the resistance of the range. 4️⃣ #SILVER #XAGUSD daily time frame 🪙 The price has recently updated a local high, breaking a significant horizontal resistance cluster. We see its retest now. There is a great chance that the market will cotinue rising soon. Do you agree with my market breakdown? ❤️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.
Long
by VasilyTrader
5
EURNZD Wave Analysis – 25 August 2025- EURNZD reversed from the round resistance level 2.0000 - Likely to fall to support level 1.9800 EURNZD currency pair recently reversed from the resistance area between the round resistance level 2.0000 (former multi-month high from April) and the upper daily Bollinger Band. This resistance area was further strengthened by the upper resistance trendline of the daily up channel from the start of June. Given the strength of the resistance level 2.0000 and the overbought daily Stochastic, EURNZD currency pair can be expected to fall to the next support level 1.9800.
Short
by FxProGlobal