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Parallel Channel

Euro Finds Support — Correction Phase Targets 1.16340Hello traders! I’d like to share my view on the current EUR/USD market structure. After a strong bullish impulse within the ascending channel, the price faced rejection near the Resistance Level around 1.16600, where sellers stepped in, forming a clear turnaround structure. Following that, the pair entered a descending channel, confirming short-term bearish momentum. A breakout below the Resistance Level pushed the price back toward the Buyer Zone, located near the 1.16000 Support Level, where demand previously triggered a bullish correction. Currently, EUR/USD is trading inside a corrective structure just above support. The market has formed a potential reversal setup, suggesting a possible short-term recovery toward the TP1 target near 1.16340. However, as long as the price remains below the Seller Zone, bearish pressure is likely to persist, keeping the market in a consolidation phase. In my opinion, this movement represents a retracement within the broader range rather than the start of a new bullish trend. If the price successfully bounces from the Support Level and confirms higher lows, we may see renewed buying momentum. Otherwise, a breakdown below 1.16000 could open the way for deeper declines. This setup offers a clear short-term trading plan — bullish correction toward TP1, while monitoring reaction around the support area for a potential continuation or reversal signal. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
GOLD → Price stuck in range after Fed speech FX:XAUUSD continues to battle for the $4,000 zone. The fundamental backdrop has a hint of unpredictability following the Fed's statement. Technically, the range of 3,915-4,015 is developing Key factors: US shutdown (4th week): Weighs on the economy and the dollar, supporting gold as a safe haven. However, the Fed toughened its tone yesterday: It cut rates by 25 basis points, but Powell ruled out guarantees for a cut in December. Trump and Xi meeting: Agreements reached on soybeans and rare earths, reducing demand for defensive assets. Gold balances between shutdown risks and monetary policy tightening. Growth is only possible if macro statistics deteriorate or geopolitics escalate. Resistance levels: 4015 - 4050 Support levels: 3980 - 3960 - 3915 Gold may continue its correction from the 4015 - 4050 zone to 3950 - 3900 if the bulls are unable to keep the price within the upper range. However, if the market continues to buy the metal (there are no fundamental reasons for this yet) and the price closes above 4015, there may be a chance for growth to 4050 - 4085. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
9
Gold Rebound: Bulls Target 4,130 ResistanceHello, traders, I want share with you my opinion about Gold. Gold has been trading within a broad technical structure, evolving from a strong bullish phase into a corrective descending channel. The previous uptrend was clearly defined by an ascending channel, which guided the price through multiple impulsive rallies and pullbacks. However, after forming a double-top pattern near the 4320 resistance level, buyers began to lose momentum, resulting in a sharp decline. Currently, the price is trading within a well-defined descending channel, where sellers have been maintaining short-term control. After a deep test of the Buyer Zone around 3920, the market has shown early signs of a potential rebound. The asset is now pulling back from this support area and is approaching the resistance line of the descending channel. In my opinion, this upward correction represents a short-term recovery within a larger bearish context. I expect that the price will rally towards the Resistance Level near 4130–4140, where strong selling pressure may reappear. This area is also aligned with the upper boundary of the descending channel, creating a strong confluence zone. A rejection from this resistance line would confirm the continuation of the bearish structure. The next potential move could be a rotation back down towards the Buyer Zone, or even a deeper retest of the Support Line around 3920. My take-profit (TP1) for the corrective rally is placed at 4108, targeting the upper range of the structure before the next potential reversal. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
14
USDJPY → Attempt to break through trend resistance FX:USDJPY breaks through the resistance of the bullish pattern and attempts to remain in the long zone. There is a possibility of price growth against the backdrop of the dollar's rise following Powell's speech. The dollar is recovering after the Fed meeting, and against this backdrop, the Japanese yen is losing ground, breaking through resistance at 153.23. The currency pair is trying to capitalize on the chance for growth. The Japanese yen is forming a breakout of the resistance of a bullish pattern: an ascending triangle + consolidation on a bullish trend. If buyers keep the price above 153.23, the market will have a chance to grow to 154.7. Resistance levels: 153.23, 154.7 Support levels: 151.85, 152.37 On D1, the currency pair is trying to overcome the resistance of a multi-month downward correction. Locally, on H1, there is a breakout of the bullish pattern structure, which indicates interest from buyers. The chances of growth from 153 will appear if the price consolidates above the specified level. Best regards, R. Linda!
Long
by RLinda
5
Bitcoin Approaches Key Resistance — Bulls Eye 117K BreakoutHello traders, I want to share my view on Bitcoin (BTCUSD). The current market structure shows a gradual recovery phase following the previous breakdown from a large range near the 118,000 level. After a sharp decline and retest of the 106,400 support zone, the market found strong buying interest, forming a new ascending channel structure. This setup has been characterized by steady higher highs and higher lows, confirming the presence of short-term bullish momentum. At this stage, BTCUSD is approaching a key resistance level around 116,000, which aligns with both the upper boundary of the current channel and the prior horizontal resistance zone — a region that previously acted as a strong supply area. This confluence suggests that the market could face a short-term pause or pullback before attempting another bullish impulse. My primary scenario anticipates that if the price holds above the support line near 113,000–113,500, buyers may maintain control and push toward the 117,000 target (TP1) — the next logical resistance level and the top of the channel. However, a clear rejection from 116,000 without follow-through could open the door to a corrective pullback toward 110,500–111,000 for another demand test. In my opinion, the structure remains bullish in the short term, as long as the lower boundary of the ascending channel holds. Therefore, I continue to favor a long scenario with a TP at 117,000, expecting a potential breakout or test of the upper resistance. Please share this idea with your friends and click Boost 🚀
THINKMARKETS:BTCUSDLong
by LegionQ8
18
BTCUSD Short: Targeting 108,000 Demand ZoneHello, traders! Bitcoin (BTCUSD) has recently transitioned from a prolonged bullish structure into a corrective phase after facing strong rejection from the 116,000 Supply Zone. The market previously traded inside a well-defined Ascending Channel, forming a steady sequence of higher highs and higher lows — a classic bullish formation.However, after testing the upper boundary of the channel and the Pivot Point, BTC failed to sustain bullish momentum. The breakout attempts above the supply zone turned out to be fake breakouts, showing exhaustion among buyers. Since then, the market has shifted its tone and started to form a descending structure, moving below the Supply Line that now acts as dynamic resistance. Currently, the price is pushing lower from the mid-range of the channel toward the Demand Zone, located between 108,000 and 107,700. This area has previously served as a strong support base that triggered impulsive bullish reversals in the past. In my opinion, BTC is likely to extend its bearish correction toward the 108,000–107,700 demand area. A successful test and strong reaction from this zone could mark a potential bullish reversal, confirming demand absorption and the end of the correction phase. However, if sellers maintain control and manage to break decisively below 107,700, the market may open the way for a deeper decline toward the 106,000 level. As long as the price remains below the Supply Line, short-term bearish pressure prevails. I’m currently bearish to neutral, looking for price action signals around the demand area to confirm whether a new upward impulse is about to begin. Manage your risk!
BINANCE:BTCUSDShort
by heniitrading
6
EURUSD Long: Buyers Targeting a Move Toward 1.1670 ResistanceHello traders! EURUSD has recently shown a structural shift after forming a strong rejection from the Demand Zone near 1.1560, which also acted as a key pivot area. This reaction marked the end of the previous bearish phase inside the Descending Channel, leading to the formation of a new Ascending Channel — indicating the potential start of a medium-term recovery. After the price reached the Supply Line, a fake breakout occurred around 1.1670, followed by a brief pullback to retest the lower boundary of the channel. This move trapped early sellers, and the quick rebound suggests that buyers are still active and defending the structure. At the moment, EURUSD is trading around 1.1640, aiming for another test of the 1.1670 resistance zone, which aligns with both the supply line and the upper boundary of the channel. A successful breakout above this area could confirm bullish continuation, targeting higher levels. However, a strong rejection from this resistance might trigger another short-term correction back toward 1.1600–1.1580, where demand could once again reappear. Overall, the structure remains bullish-to-neutral in the short term, with 1.1670 acting as the critical breakout level to watch. Manage your risk!
Long
by heniitrading
8
XAUUSD: Correction Phase Aiming Toward 3,900 SupportHello everyone, here is my breakdown of the current Gold setup. Market Analysis Gold (XAUUSD) has shifted from a strong bullish phase into a clear bearish structure after failing to sustain momentum above the 4,130 Resistance Zone. The market initially traded within an Upward Channel, forming a steady series of higher highs and higher lows until buyers lost strength near the top of the range. A breakout from the channel confirmed the end of the bullish impulse, followed by a range formation and multiple fake breakouts, indicating indecision and growing selling pressure. Eventually, the market broke below the range, retested the resistance area, and established a Downward Channel, showing that sellers have regained control. Currently, Gold is moving within this descending structure, respecting both the upper and lower boundaries of the channel. The Resistance Zone around 4,130 has once again acted as a strong supply area, rejecting price and pushing it lower toward the Support Zone near 3,900. My Scenario & Strategy From my perspective, XAUUSD is likely to continue its short-term bearish correction toward the 3,900 support level, which aligns with the lower boundary of the channel. A successful test of this area could trigger a short-term reaction or even a potential reversal if buyers step in. As long as price remains below the Resistance Zone (4,130) and within the Downward Channel, the bearish sentiment remains dominant. A confirmed breakdown below 3,900 could open the door for a deeper move toward the 3,850–3,820 zone. For now, I remain bearish in the short term, looking for short opportunities from the upper channel resistance with a primary target at 3,900. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
FOREXCOM:XAUUSDShort
by Ratner
8
200% print for SLERF token? - September 2025A straight forward setup this time. After seven months of trading inside a sideways consolidation area price action and RSI resistance breakouts print. The first resistance is 200% above, which is expected to print by the market top. Worth getting out bed for? Sure. But leave the PJs on, this market will send you back to sleep just as quick. Ww Disclaimer: This is not financial advice. I'm not a financial advisor. I am, however, an award-winning human being. So there's that.
Long
by without_worries
10
BCHUSDT → Consolidation ahead of news. Target 600?BINANCE:BCHUSDT.P is consolidating above key resistance. Consolidation is forming ahead of news. Are the bulls in play? Bitcoin is consolidating, trading above key support at 111650. News ahead, a positive outcome could support the market, including altcoins... As for BCHUSDT, the coin is breaking through the strong resistance zone of 549.15 as part of a bullish trend and is forming consolidation in the range of 549-570. A liquidity pool has formed below 549. There is a high probability of a long squeeze before growth. Resistance levels: 570, 600, 612 Support levels: 549.15, 533, 511.25 The market is bullish, which is clearly visible on the D1 timeframe. After a strong rally, the coin is entering a consolidation phase, which is forming above the previously broken resistance. A retest of support could trigger growth in the direction of the trend. Best regards, R. Linda!
Long
by RLinda
5
Bitcoin Hits PRZ – Time for a Correction?As I expected yesterday , Bitcoin ( BINANCE:BTCUSDT ) did drop down to the Support zone($114,300-$113,000) at the lower line of the ascending channel and then started rising again today. Both Long and Short positions basically hit their Targets . At the moment, Bitcoin is moving near a Resistance zone($118,740-$115,740) , the Potential Reversal Zone(PRZ) , and Cumulative Short Liquidation Leverage($118,224-$116,281) . From an Elliott Wave perspective , it seems like Bitcoin is completing the microwave 4 of the microwave C of the main wave Y . There's a noticeable Negative Regular Divergence(RD-) between the last two peaks, which suggests some weakening momentum . I expect that Bitcoin won't break through the Resistance zone($118,740-$115,740) easily and may fall back at least to the Support zone($114,300-$113,000) . If it drops below the 100_SMA(Daily) and 50_SMA(Daily) , we could see a deeper decline and possibly the CME Gap($113,495-$110,990) being filled. Note: Another point to mention is that although the SPX500( TVC:SPX ) has been hitting new all-time highs as the new week began, BTC has shown a bit less correlation with it in the last day. So if the S&P 500 undergoes a correction, Bitcoin might actually see a sharper pullback, which is something to watch out for as a potential negative factor for Bitcoin. Note: Also, keep in mind that tomorrow, some important U.S. economic indices will be released, which could also influence the market. So definitely factor that into your considerations. Note: In general, the crypto market in the past couple of weeks has been heavily influenced by news around U.S.-China tariffs. Any headline can cause Bitcoin and other tokens to swing up or down, so keep an eye on those geopolitical headlines. Cumulative Long Liquidation Leverage: $106,033-$104,090 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
20
GOLD → The market is testing 4K ahead of the Fed's decision FX:XAUUSD is testing $4,000 ahead of the Fed's decision, partially recovering from a 3.5% drop this week. The fundamental backdrop is mixed, but technically, the signs of a bull market are positive. Key factors : Fed decision (today): A 25 bps rate cut is expected, but the main focus is on the vote count and Powell's comments. A dovish scenario (emphasis on risks to the labor market) will support gold. A hawkish surprise will reinforce the correction. Trump-Xi meeting (tomorrow): Statements about lowering tariffs weaken demand for defensive assets. Gold is in limbo; in the second half of the European session and the beginning of the US session, the market may enter a phase of stagnation. Growth is only likely if the Fed takes a soft tone, while progress in trade negotiations or a hawkish surprise from the Fed will prolong the correction. Resistance levels: 4015, 4050, 4085 Support levels: 3975, 3945, 3900 If the bulls can hold their ground above 4K, we will see strong support, in which case growth to 4050-4100 may be triggered. Otherwise, the market may form a correction to 3975-3945. It is worth keeping an eye on comments from Powell and Trump... Volatility will be high... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
14
EURUSD Breakdown Looms: Sellers Target 1.1560 Support ZoneHello traders, I want to share my opinion about the current EURUSD setup. After an extended bearish movement, EURUSD continues to trade within a descending channel, clearly defined by a Resistance Line connecting recent lower highs and a Support Line connecting the local lows. This structure outlines the ongoing corrective trend that has been developing over the past weeks. Recently, the price made a moderate bullish correction after rebounding from the Buyer Zone (1.15600–1.15800) — a key demand area where strong buying activity had previously emerged. However, this rebound brought EURUSD back into the Seller Zone, aligning with the upper boundary of the descending channel and the Resistance Level near 1.16600. At this stage, the market is showing early signs of bearish pressure from this confluence area. If sellers continue to hold the upper boundary, a rejection from the Resistance Line would confirm the continuation of the descending trend structure. I expect the price to rotate back down toward the Buyer Zone near 1.15600, which remains the main local support area. A confirmed breakdown below this level could trigger further momentum toward lower support targets, while a strong rebound could indicate the start of a potential accumulation phase. As of now, my scenario favors a short-term bearish continuation from resistance toward the 1.15600 target zone (TP1). Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
40
BTCUSD Short: Sellers Aiming for a Pullback Toward 109,600Hello, traders! Bitcoin (BTCUSD) continues to trade within a broader corrective structure after losing momentum from its previous bullish phase inside the Ascending Channel. The breakdown from the channel shifted the short-term sentiment from bullish to neutral-bearish, with sellers now defending the upper boundary of the current Supply Zone. After the strong rejection from the 118K–116K region, BTC entered a range-bound phase between 109,600 (Demand Zone) and 116K (Supply Line). This range represents a period of accumulation or distribution — depending on how the price reacts at its edges. Recently, the price retested the upper boundary of the Supply Zone, where a fake breakout occurred, followed by selling pressure — a clear sign that supply remains dominant. Now, the market is showing early signs of potential correction back toward the Demand Line near 109,600, where buyers previously stepped in to defend the trend. If the bearish momentum continues, I expect a move down toward the Demand Zone around 109,600–107,700. This area aligns with both a key pivot point and the ascending demand line, which could act as a springboard for another bullish rebound. Conversely, a confirmed breakout above 116K would invalidate the short-term bearish outlook and signal a possible continuation toward higher resistance levels. For now, my bias remains bearish-to-neutral, anticipating a short-term correction before a potential bullish reaction from the demand area. Manage your risk!
BINANCE:BTCUSDShort
by heniitrading
18
EURUSD: Buyers Gaining Momentum Near Key Support ZoneHello everyone, here is my breakdown of the current Euro setup. Market Analysis EURUSD has been moving within a clear downward channel, forming consistent lower highs and lower lows over the past few weeks. Each attempt to break above the resistance line has resulted in a fake breakout, confirming that sellers have maintained control through most of this structure. Recently, the pair found strong buyer support near 1.1550, a key support zone that has held multiple times in the past. After testing this level, the price bounced upward, breaking the channel’s upper boundary and forming a triangle structure — signaling that market momentum is shifting from bearish to corrective. Currently, EURUSD is testing the Triangle Resistance Line around 1.1670–1.1700, an important resistance area where previous rallies have stalled. The overall structure suggests that the market might face renewed selling pressure from this zone. My Scenario & Strategy From my perspective, EURUSD could see a short-term pullback from the resistance area before any potential breakout confirmation. A rejection here would likely push price back toward the Triangle Support Line or even the 1.1580–1.1550 support zone, where buyers could reenter.If, however, the pair manages to break and hold above 1.1700, it would indicate growing bullish momentum, possibly targeting 1.1750 — the top of the previous resistance area. Until such confirmation appears, I expect a corrective move downward within the triangle formation as part of a broader consolidation phase. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
6
XAUUSD Short: Selling the Bounce Within the Descending ChannelHello, traders! The price action for Gold (XAUUSD) has been dominated by a bearish structure since the breakout below the ascending channel and rejection from the SUPPLY ZONE 2 near 4250. This move initiated a clear downtrend, forming a descending channel that has guided the market lower through a sequence of impulsive declines and short corrective rebounds. Currently, the price is testing the Demand Line of this descending channel, located just above the Demand Zone around 3867. This zone represents a key area of potential buying interest that previously acted as a reaction point during earlier phases of the uptrend. In my view, the market is now entering a critical stage. A temporary corrective rally towards the upper boundary of the channel (near the Supply Zone 1 at 3950–4100) is likely before sellers may step in again to resume the broader downtrend. My scenario anticipates that this corrective bounce will be limited, with sellers defending the Supply Zone 1, leading to another move downward toward the Demand Zone and potentially lower levels. A confirmed reversal signal in this area, however, could offer a long opportunity for a larger bullish impulse later on. Manage your risk!
FOREXCOM:XAUUSDShort
by heniitrading
6
Momentum building but 2 tough resistances ahead before new ATH. Momentum is building in Nifty towards making a new All time high but there are 2 very important resistances to cross before Nifty can scale a new high. One critical resistance will be 26104 which is the 1 year high. Today again Nifty came close to this level but receded thereafter after making a day high of 26097. If we are able to cross this level the previous ATH of 26277 will act as a ferocious resistance which will not be easy to cross on closing basis. If this will be crossed channel top seems to be near 26424. Trend top for medium term seems to be 26913. Supports for Nifty at this juncture will be at 25984, 25845 (Mother line support of Hourly EMA), Mid-channel support seems to be near 25694. Father line strong support of hourly EMA seems to be near 25396 and channel bottom seems to be near 25232. shadow of the candles is neutral but if we get a closing above 26104 it can become very positive. As a Fresh rally dawns upon us it is mandatory to study and understand investing before you put your hard earned money on equity. I would recommend my book THE HAPPY CANDLES WAY TO WEALTH CREATION at this juncture so that you are able to make a conscious and strong financial decisions while investing in equity. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
GOLD → Sell-off due to uncertainty FX:XAUUSD is falling, the trend is downward, and we have confirmation of this. Profit-taking is leading to a decline, which is causing buyers to exit the market... Caution ahead of the Fed: Markets are pricing in a 25 bp rate cut, but the main thing is the tone of the statement and Powell's comments on further steps. The USD is not ready to continue its growth and is starting to look downwards. The US government shutdown continues, adding uncertainty, which supports gold. However, an important issue is the trade deal between the US and China; a positive outcome could put pressure on gold. Gold is balancing between hopes for a trade truce and risks from Fed policy. Support levels: 3895, 3820 Resistance levels: 3943, 3975, 4015 Since the opening of the session, the price has fallen by 2.3%, which is an intraday range. The 3900-3895 area may see a reaction in the form of a false breakdown and a correction to the imbalance zone before a possible further decline. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
24
AUDUSD → Attempt to reverse the trend to bullish FX:AUDUSD is forming a correction after breaking through the resistance of the downward channel. The market needs a trading range or consolidation above 0.6526. The dollar is consolidating but is not ready to continue growing. Pressure on the currency is emerging ahead of the Fed meeting. This may support the growth of the Australian dollar. The currency pair is entering a distribution phase after consolidation. The breakout of 0.6526 triggered a break of the downward channel resistance. An attempt to change the trend is forming. If the bulls keep the price above 0.6526, this could trigger further growth. Resistance levels: 0.6567, 0.661 Support levels: 0.6526, 0.6493 At the moment, an attempt to change the trend has been initiated. Consolidation and distribution are a good sign, but above the previously broken trend line, a trading range should form, which will confirm the fact of a change in the local trend. Best regards, R. Linda!
Long
by RLinda
8
EURUSD: Bounce from Support Could Trigger Move Toward 1.1640Hello everyone, here is my breakdown of the current Euro setup. Market Analysis EURUSD has been trading in a corrective phase after breaking down from the Upward Channel that previously guided its bullish movement. The pair formed a Range near the 1.1760 Resistance Area, showing consolidation before sellers regained control. Multiple Breakouts confirmed shifts in market structure — first to the upside within the channel, and later to the downside, signaling the transition from bullish to neutral-bearish momentum. Recently, price found strong demand within the 1.1550–1.1560 Support Zone, which aligns with the Triangle Support Line. This level has been tested multiple times, acting as a significant pivot point for potential bullish reactions. The Triangle Resistance Line above continues to limit upward movement, forming a contracting structure that reflects growing pressure from both sides. My Scenario & Strategy From my view, EURUSD is currently setting up for a possible bullish rebound from the support zone near 1.1560. If buyers defend this level, the price could rise toward the Triangle Resistance Line around 1.1630–1.1640. A confirmed breakout above this resistance could open the way toward the key 1.1760 Resistance Zone, signaling a shift in sentiment back to bullish. However, if the pair fails to hold above the Triangle Support Line, a breakdown could trigger a deeper decline toward 1.1500. For now, I maintain a short-term bullish bias, looking for long opportunities near support with clear confirmation signals. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner