Get started

Parallel Channel

GOLD - Price can make move up and then start to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to grow inside the rising channel, where first fell to the support line and then rose to $2690 level. Next, price broke this level, made a retest and rose to resistance line, after which it made a correction. Gold continued to grow and later rose to $2745 level, and when it reached this level, it broke it, thereby exiting from channel. Then price started to trades inside flat, where it rose to top part and then fell to support area. In this area, XAU some time traded and then started to grow to top part of flat, but firstly it broke $2745 level again. Now I think that Gold can make a move up and then start to decline to $2735 support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
1
GBPUSD dropping high chances Hello traders! What's your take on GBPUSD? Here's my technical outlook: A break below current levels could see price testing: 1.23008 (primary support) 1.21204 (secondary support) Resistance is expected around 1.24500. To refine your trading strategy, also consider: Incoming economic data Market mood Global events Have you spotted any notable indicator patterns or divergences hinting at a potential bearish swing? Looking at the M15 timeframe, we have a potential long opportunity. Consider placing a long position while following proper money management rules: Use a proper stop loss Set a suitable take profit Your feedback is welcome! If you appreciate this analysis, please show your support and follow me. Best wishes Tom 😎
Short
by LegendaryTom
GOLD (XAUUSD): Get Ready For Breakout It feels like Gold is going to update the All-Time High soon. I see clear signs of a bullish accumulation on a horizontal resistance based on a current highest high. A breakout of the underlined orange area and a candle close above will indicate the continuation o a global bullish trend. The market will most likely continue rising at least to 2820. Alternatively, if you are looking for a bearish confirmation, a breakout of the support of the channel will give you a strong bearish signal. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
6
✅BTC's situation+next targets and expected movements.Hello. As you can see, Bitcoin failed to break the Ascending triangle in its last attempt, and now it is making a fourth downward wave based on Elliott , and than we have to wait for Bitcoin's rise. 👀To motivate me ,Like ❤️ & Share 🌐 this post with your friends ! Thanks for your support ♥️ ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDShort
by CobraVanguard
1
DAX Wave Analysis 29 January 2025 - DAX broke the key resistance level 21500.00 - Likely to rise to resistance level 22000.00 DAX index recently broke the key resistance level 21500.00 – which stopped the previous minor impulse wave i earlier this month. The price earlier reversed up from the upper trendline of the daily up channel from August (which is acting as the support after it was broken previously in December). Given the powerful daily uptrend, DAX index can be expected to rise further to the next resistance level 22000.00 (which is the target price for the completion of the active impulse wave 5).
XETR:DAXLong
by FxProGlobal
Euro can correct to support area and then continue to growHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to decline inside the downward channel, where it first rebounded from the support area, which coincided with the current support level and rose to the resistance line of the channel. Then the price turned around and in a short time fell to the support area, breaking the 1.0485 level and then fell to the support line of the channel. Next, the price bounced up and almost rose to the support area, and after this, it turned around and dropped to the support level, which coincided with the buyer zone and support line of the channel. Price made impulse up to the resistance line and then declined lower than the 1.0255 level, breaking it, but later started to grow near the support line. So, in a short time, the Euro broke the 1.0255 level one more time, exiting from the channel and continuing to move up next near the support line. Soon, it reached the current support level and broke it, after which made a retest and now still rising. For this case, I think that the Euro can fall to the support area, where it touches the support line, and then continue to move up. That's why I set my TP at 1.0620 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
9
XRP → Resistance retest before correction BINANCE:XRPUSDT over yesterday evening bought back the previously formed fall, but faced strong resistance, which delimits the descending channel. A correction could possibly form... After a strong rise (on D1) XRP is going into a correction, the remarkable thing is that the correction is within a descending channel, or flag, the essence of which is the continuation of the trend. Let me remind you that the global trend is bullish. Technically, on the local , a false resistance breakout and correction may be formed, for example, to 3K or 0.5 fibo before the market starts to form the potential for a breakout of the channel resistance in order to continue the growth. Support levels: 3000, 0.5 fibo (2.900) Resistance levels: 3.144, 3.2 The liquidity formed in the zone 3.14 - 3.2 may not let the coin up the first time. In the short term, I expect a false breakout and correction to the targets indicated on the chart. Regards R. Linda!
Short
by RLinda
5
EURUSD: Your Trading Plan ExplainedThe EURUSD is currently trading in a rising parallel channel on a 4-hour chart and is testing its support. To enter a buy position with confirmation, look for an ascending triangle pattern on the 1-hour timeframe. A bullish breakout above the resistance and a close of a 1-hour candle above it will provide a strong bullish signal. There is a high likelihood that the price will continue to rise and reach at least the 1.051 level. On the other hand, a bearish breakout below the channel's support on the daily chart could lead to lower prices.
Long
by linofx1
4
EURUSD Near Ascending Channel’s Peak: Will It Reverse?EURUSD ( FX:EURUSD ) rose to the Resistance zone($1.054-$1.044), as I expected in the previous idea . EURUSD is moving in the Resistance zone($1.054-$1.044) and near the upper line of the Ascending Channel ( the role of resistance ). According to the theory of Elliott waves , it seems that EURUSD has completed 5 impulsive waves , and we should wait for corrective waves . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I expect EURUSD to fall at least to the Targets I have marked on the chart . What do you think? Will EURUSD break the Resistance zone($1.054-$1.044) or back to test the Support zone($1.039-$1.033)? Note: If EURUSD breaks the Resistance zone($1.054-$1.044), we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put 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
15
Bitcoin’s Next Move: Long Setup or Deeper Correction Below $95K?As I expected , Bitcoin ( BINANCE:BTCUSDT ) continued to fall to the Support zone($101,280-$99,500) , and it even seems that it has broken . Bitcoin is moving near the Support zone($101,280-$99,500) , a set of support lines , the 50_SMA(Daily) , and the Monthly Pivot Point . According to the theory of Elliott waves , Bitcoin seems to have completed the main wave 3 and is completing the main wave 4 . I expect Bitcoin to follow the Roadmap I outlined in my chart in the coming hours . Because Bitcoin is near the set of support parameters , I chose the label of this idea as LONG . Note: Like the previous Mondays, the purchase MicroStrategy company continues buying Bitcoin=>"MicroStrategy Buys 10,107 Bitcoin For $1.1 Billion." Note: If Bitcoin can touch $104,200, it will fill the CME Gap($105,500-$104,695) in the next step, and it is possible to form a new All-Time High(ATH). Note: If Bitcoin goes below $95,000, we should expect more corrections from Bitcoin. Has the main Correction of Bitcoin started!? Please share your ideas in the comments. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put 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.
Long
by pejman_zwin
28
Micron Technology - The Textbook Chart!Micron Technology ( NASDAQ:MU ) is retesting massive support: Click chart above to see the detailed analysis👆🏻 For the past seven year, Micron Technology has been respecting a pretty clear rising channel pattern. With the recent all time high breakout, it is very likely that this level is now holding as support and we will eventually see a rejection and new all time highs. Levels to watch: $90, $180 Keep your long term vision, Philip (BasicTrading)
NASDAQ:MULong
by basictradingtv
18
GOLD → Character changes, bearish premise emergesGOLD updates the low and tests trend support, testing the market and traders' nerves. The dollar is rebounding, putting pressure on the metal. Gold is moving into a correction, gradually changing the bullish nature of the market to bearish under selling pressure due to growing demand for the dollar amid fears of a trade war over Trump's policies. The issue of tariffs by the US is still open. Meanwhile, traders' attention is focused on data on durable goods orders and consumer confidence in the US, as well as the Fed meeting, the outcome of which will be announced on Wednesday. Technically, after breaking the bullish structure, the price is testing the channel support. It is quite difficult to break this line from the first time and the price may form a correction to 2745, or to the imbalance zone, for example, to 2750- 2760 Fibo, before the market desire to sell resumes. Resistance levels: 2745, 2751, 2760 Support levels: 2735 (trigger), 2717 If 2745 does not miss price and gold returns to 2735, then we should prepare for a break of trend support. In that case, an impulse to 2717 could form. But, if 2745 does not hold the price, gold may test 2750 - 2760 before falling further. Regards R. Linda!
FX:XAUUSDShort
by RLinda
18
XLMUSDT → Attempt to change the local trendBINANCE:XLMUSDT is entering the correction phase after attempting to forge an uptrend. Price is breaking support due to the change in market nastreonium and bitcoin correction. Bitcoin is moving into a correction, which is generally creating pressure for the already weak altcoin market. The reason is disappointment from the cryptocurrency community due to the lack of hints about cryptocurrencies in the new President Trump's speech. The market is trying to digest this fact as part of a correction. XLM is technically breaking the ascending support inside the global descending channel, meaning that the pressure on the market from the bears is still present. Support levels: 0.4177, 0.3896 Resistance levels: 0.460, 0.4955 The focus is on the previously broken channel boundary and the support level at 0.4177. The price may still test the previously broken channel boundary before falling further. But, a breakdown and consolidation of the price below 0.4177 may provoke sales. Regards R. Linda!
Short
by RLinda
5