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Parallel Channel

GOLD → Consolidation before the next jump to 3450?FX:XAUUSD continues to rally, with the price updating its local high to 3438 and moving into consolidation, possibly for another jump... After hitting a five-week high of $3,438, traders are taking a break. Optimism is fuelled by Trump's statements about the largest deal with Japan and negotiations with Canada, but uncertainty about the details of the agreements and political instability in Japan are keeping caution in check. The market is waiting for further signals on trade and political issues, which remain key factors for gold. Technically, the dollar continues to fall, which generally supports gold. But! Gold is approaching strong resistance at 3445-3450, where growth may be temporarily halted. Resistance levels: 3433, 3446 Support levels: 3416, 3401, 3375 As part of a local correction, gold may test consolidation support or 0.5-0.7f before continuing to rise. There are quite a few orders in the 3433-3446 zone, and it will be difficult to break through this area to reach the target. Consolidation before this level may help the rise to continue. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
11
GOLD → Correction before continuing the rally to 3450FX:XAUUSD updates its local maximum to 3401.5 and enters a consolidation phase ahead of news. The dollar correction gives speculators a chance... The price of gold is correcting from 3400. The reason is profit-taking ahead of Powell's speech at 12:30 GMT and waiting for clarity on US trade negotiations with the EU and Japan before August 1. Gold remains sensitive to the progress of negotiations and the dynamics of the dollar, which is weakening amid political uncertainty, declining yields, and pressure on the Fed from Trump. Technically, after exiting consolidation and retesting 3400, the price is entering a local consolidation phase. Focus on key levels: 3401, 3382, 3375. A false breakdown of support could trigger a recovery phase. Resistance levels: 3402, 3393 Support levels: 3382, 3375, 3362.75 The distribution phase has been halted by resistance, and the price has moved into a countertrend correction due to uncertainty. Markets are waiting for positive signals from the Fed. Local and global trends are bullish, which may support the price overall... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
29
Euro may reach resistance level, break it and continue to growHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 For an extended period, the price was dictated by a descending channel, with each rally attempt failing at its upper boundary. The downward trend culminated in a test of the crucial support level at $1.1635, where sellers were unable to secure a foothold, signaling a potential momentum shift. This shift was confirmed when buyers took control, launching an upward impulse that decisively breached the long-standing resistance of the channel's upper trendline. After the breakout, the price established a new local support base above the former channel, solidifying the change in market structure. The subsequent rally carried the asset's price to the significant horizontal resistance zone around $1.1755, where the upward advance has temporarily stalled. I expect that after a brief consolidation, bullish pressure will resume, enabling the price to break the $1.1755 barrier and continue towards the $1.1820 target. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by WalterMoon
5
BITCOIN → Consolidation and compression to 116K. Correction?BINANCE:BTCUSDT.P continues to consolidate, with the price testing support at 116K, leaving behind the zone of interest at 120K-121K. Are there any chances for further growth? (Alternative scenario (if growth to 120K does not occur)) Fundamentally, there is nothing particularly new, and the hype surrounding Bitcoin is stagnating. Technically, on D1, consolidation is underway with pressure from bears against the backdrop of an outflow of funds into altcoins. However, the dominance index is starting to rise, which could trigger some correction in the market. The price on the working timeframe, without updating local highs, is testing lows, and the latest retest of the liquidity zone is provoking a fairly aggressive reaction that could bring the price to retest the zone of interest at 120K-121K. But! If the price is squeezed between 116K and 0.5 Fib with a gradual squeeze towards support, the chances of a breakdown and a premature fall will increase. Support levels: 116370, 115860 Resistance levels: 119650, 120100 Technically, the market needs a breather or correction, which is generally a sign of health. The nuance with Bitcoin is that below 115860 there is no support until 112K, and if the market breaks the current consolidation boundary, the further correction could be quite deep. In the current situation, I do not yet see any drivers or reasons for another rally. Best regards, R. Linda!
Short
by RLinda
32
EUR/USD - Bullish parallel channel formation!The EUR/USD currency pair is currently exhibiting a bullish market structure on the 4-hour timeframe, moving steadily within a well-defined ascending parallel channel. Price action has consistently bounced between the lower and upper boundaries of the channel, with each dip finding support at the lower trendline and each rally meeting resistance near the upper trendline. This ongoing pattern suggests a strong and orderly bullish trend as the pair continues to make higher highs and higher lows within the channel. The Market’s Upward Momentum One notable feature of this trend is the recurring formation of 4-hour Fair Value Gaps (FVGs) during each upward leg. These FVGs act as temporary inefficiencies in the price movement, which the market consistently returns to fill before resuming its bullish momentum. As shown in the chart, the EUR/USD has filled multiple FVGs over the past week. Today, the pair once again retraced to fill a newly formed 4H FVG and has since continued its move higher. This repeated behavior reinforces the strength of the uptrend, as the market efficiently corrects itself and then propels further in the direction of the overall trend. Bullish Outlook From a bullish perspective, the key level to watch is the horizontal resistance zone around 1.1766. A confirmed break and hold above this level would signal a strong continuation of the current uptrend. Should the price sustain itself above this level, it could initiate a renewed push toward the upper boundary of the ascending channel, potentially targeting levels near 1.1820 and beyond. This scenario would confirm market confidence and open the door for further gains. Bearish Risk On the flip side, the bearish case would involve a false breakout above the 1.1766 resistance level, followed by a sharp rejection and a break below the rising lower trendline of the channel. Such a move would invalidate the current structure and shift the bias to the downside. In that case, the 4-hour FVG located between approximately 1.1710 and 1.1740 will act as a critical support zone. If this area fails to hold, it could trigger a deeper retracement and potentially lead to a more prolonged bearish correction. Final thoughts In summary, the EUR/USD is currently respecting a bullish parallel channel on the 4-hour timeframe, with upward moves consistently leaving and then filling 4H FVGs before continuing higher. The 1.1766 level is pivotal, a sustained break above it favors continued bullish momentum, while a rejection and breakdown from the channel could signal a bearish reversal. Traders should closely monitor price behavior around this key level and the integrity of the ascending channel to anticipate the next significant move. ------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Thanks for your support. If you enjoyed this analysis, make sure to follow me so you don't miss the next one. And if you found it helpful, feel free to drop a like 👍 and leave a comment 💬, I’d love to hear your thoughts!
Long
by Youriverse
9
USDJPY → Hunting for liquidity before the fallFX:USDJPY is changing its local trend and succumbing to global pressure. The market is seeing a change in price movement following the decline in the dollar index... The trend has broken and the price movement has turned bearish. The fall in the dollar index is allowing the Japanese yen to strengthen, which is generally negative for the currency pair. The decline may continue after a slight correction. Fundamentally, the dollar is correcting amid uncertainty due to the tariff war, as well as expectations of interest rate cuts. Resistance levels: 147.20, 147.89 Support levels: 145.85, 145.23 As part of the correction, the price may test the liquidity zone of 147.7 or 0.7f. A false breakout and consolidation of the price in the selling zone may trigger a further decline in both the short and medium term. Best regards, R. Linda!
Short
by RLinda
5
EURCAD - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURCAD has been overall bearish , trading within the falling red channel and it is currently retesting the upper bound of the channel. Moreover, it is rejecting a weekly resistance marked in blue. 📚 As per my trading style: As #EURCAD is around the red circle zone, I will be looking for trend-following sell setups on lower timeframes. (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
11
USDJPY Ascending channel bullish strong from support 📊USDJPY Analysis – 4H Timeframe USDJPY is giving full respect to the bullish ascending channel, maintaining higher highs and higher lows with clean structure 📍 Key Support Zone: Strong buying interest seen near 147.200 — potential long opportunity from this zone Watching for bullish confirmation or entry setups at this level 🎯 Next Target / Supply Zone: 🔹149.000 – marked as the next resistance / supply zone where price may react or slow down Bullish Order Block (OB) sits deeper at 143.000 – a strong area of interest if price pulls back further 🧠Stay patient and let price action lead — clean structure, smart levels, and risk-managed entries What’s your take on USDJPY right now? Drop your thoughts #usdjpy
Long
by experttrader04
9
XAU/USD (Gold) – Smart Money Reversal Setup | 1H Breakdown🔹 Current Price: $3,423.98 🔹 Session Range: Day High $3,433.85 | Day Low $3,384.99 🔍 Smart Money Narrative: Clean bullish impulse followed by CHoCH + Fair Value Gap (FVG) creation Price forming Ending Diagonal / Rising Wedge (5-wave structure) into weak high Expecting liquidity sweep above the weak high followed by bearish reversal 📐 Key Technical Highlights: 🟣 CHoCH confirms potential reversal 🟩 FVG + OB Zone acting as mitigation base 🔻 Day Low + 1H OB marked as key bearish target 🔺 Day High = weak liquidity likely to be swept before drop 📈 Trade Idea (Bearish Plan): Let price complete wave (5) and sweep the weak high Look for confirmation (MSS, FVG, lower TF BOS) Short entry target: OB near $3,385 (Day Low zone) Optional swing target = $3,360–3,345 POI zone ⚠️ Risk Note: This is a smart money concept-based idea focused on liquidity, CHoCH, and mitigation logic. Use lower timeframe confirmations before entry. Manage risk wisely. #XAUUSD #SmartMoney #ICT #LiquiditySweep #CHoCH #FVG #MarketStructure #ForexGold #ReversalSetup
OANDA:XAUUSDShort
by SmartMoneySniperProfessional
1
Bitcoin Wave Analysis – 22 July 2025 - Bitcoin reversed from support level 116065.00 - Likely to rise to resistance level 122775.00 Bitcoin cryptocurrency recently reversed up from the key support level 116065.00, which also stopped the earlier minor correction 2 at the start of June. The support level 116065.00 was further strengthened by the support trendline of the daily up channel from June and the 38.2% Fibonacci correction of the upward impulse from July. Given the strong daily uptrend, Bitcoin cryptocurrency can be expected to rise further to the next resistance level 122775.00 (which stopped the previous impulse wave 1).
Long
by FxProGlobal
EURUSD major resistance breakout bullish strong Readmore...📊EURUSD Analysis – 1H Timeframe EURUSD has broken out of the descending channel with strength, shifting structure and showing clear bullish intent 📌 Breakout Confirmed: ✅ Major resistance at 1.16900 broken with strong momentum — now acting as support Buy position activated from the 1.16900 breakout level 🎯 Next Resistance Targets / Supply Zones: 🔹 1.17200 🔹 1.17500 🔹 1.17600 Watching for reaction at these levels — trend continuation likely as long as structure holds 🧠Always follow your trading plan and risk rules — markets don’t promise, they move! What’s your take on EURUSD’s breakout? Drop your thoughts below #eurusd 👋Regards from expert Team
Long
by experttrader04
1
#ETCUSDT #4h (Bitget Futures) Ascending channel retestEthereum Classic printed two evening stars in a row, looks locally topped and ready for correction towards 50MA & 200MA supports. ⚡️⚡️ #ETC/USDT ⚡️⚡️ Exchanges: Bitget Futures Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 5.0% Entry Zone: 24.679 - 25.675 Take-Profit Targets: 1) 22.751 2) 20.924 3) 19.097 Stop Targets: 1) 27.207 Published By: @Zblaba CRYPTOCAP:ETC BITGET:ETCUSDT.P #4h #EthereumClassic #PoW #L1 ethereumclassic.org Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +48.2% | +84.5% | +120.7% Possible Loss= -40.3% Estimated Gaintime= 1-2 weeks
Short
by TradingOn
XAUUSD major resistance breakout below 3375 level Readmore...📊XAUUSD Gold Analysis – 4H Timeframe Gold is respecting the bullish ascending channel on the 4H, with strong momentum continuing after a breakout above 3375 – a major resistance now turned into key support. Retracement Entry Activated: ✅Entry taken at the 3375 breakout level – now acting as strong demand 🛑Stop Loss: Placed below at 3323, aligned with the bullish order block (OB) for added protection 🎯Next Resistance Targets / Supply Zones: 🔹 3392 🔹 3404 🔹 3440 [ /b] 📌Watching price reaction at each level for signs of exhaustion or continuation 🧠Always manage risk and follow your plan – no guarantees in the market! Share your thoughts below! #gold #xauusd 👋Regards from _expert Team_
OANDA:XAUUSDLong
by experttrader04
1
BNB Wave Analysis – 22 July 2025- BNB rising inside sharp impulse wave C - Likely to rise to resistance level 792.00 BNB cryptocurrency continues to rise inside the sharp upward impulse wave C, which previously broke through the 3 strong resistance levels 693.00, 720.00 and 740.00. The breakout of the resistance level 720.00 coincided with the breakout of the daily up channel from June – which accelerated the active impulse wave C. Given the strong daily uptrend, BNB cryptocurrency can be expected to rise further to the next resistance level 792.00 (former multi-month high from last December).
Long
by FxProGlobal
GBPUSD new breakout from descending channel bullish strong 📊GBPUSD Analysis – 4H Timeframe GBPUSD has broken out of the descending channel with a strong bullish candle, signaling a potential shift in structure and bullish momentum 📍 Key Support Zone: ✅ Buy activated from 1.34400 – now acting as a solid demand area after breakout 🛑 Stop Loss: Set below at 1.33800, aligned with the bullish order block for added protection 🎯 Next Resistance Levels / Profit Zones: 🔹 1.36000 – first supply zone 🔹 1.36700 – short-term resistance 🔹 1.37500 – major bullish OB target zone 🧠Trade with structure, manage risk, and follow your plan – no emotions, just execution Share your view on GBPUSD below #gbpusd
Long
by experttrader04
3
Platinum Wave Analysis – 23 July 2025- Platinum reversed from resistance zone - Likely to fall to support level 1350.00 Platinum recently reversed down from the resistance zone located between the round resistance level 1500.00, upper daily Bollinger Band and the resistance trendline of the daily up channel from May. The downward reversal from this resistance created the daily Japanese candlesticks reversal pattern Bearish Engulfing. Given the weakening daily Momentum (showing bearish divergence), Platinum can be expected to fall to the next support level 1350.00 (low of the previous correction 4).
FX_IDC:XPTUSDShort
by FxProGlobal
GOLD → Breakthrough accumulation. Correction before growthFX:XAUUSD has been strengthening since the session opened and is heading towards the 3374 zone of interest. The price has previously broken through the consolidation resistance and may test this boundary before moving further. Gold is rising amid trade risks and dollar weakness. After falling to $3310, gold resumed its growth, seeking to break through the $3368 level. Support for prices was provided by uncertainty surrounding Trump's tariff policy and expectations for Fed Chairman Powell's speech. The US dollar weakened temporarily as investors sought refuge in gold amid trade disputes with the EU, political instability in Japan, and criticism of the Fed from the White House. Technically, the price is in a realization phase after breaking out of consolidation, but it has encountered resistance at 3368, which could lead to a correction. The focus is on the 3350-3355 zone. If the bulls hold their ground above this zone, the market may return to the realization phase. Resistance levels: 3368, 3374 Support levels: 3345, 3332 The market is bullish and feels support, especially against the backdrop of a weak dollar. Traders are watching Trump and Powell. If the latter decides to cut rates, for example tomorrow at 12:30 GMT, gold could rally... Technically, gold could test 3350 before rising. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
22