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Parallel Channel

USDCHF: Bearish Reversal Confirmed?! 🇺🇸🇨🇭 One of the setups that we discussed on a today live stream was on USDCHF. The price violated both a neckline of an inverted cup & handle pattern and a support line of a rising parallel channel on a daily. The broken horizontal support and a trend line compose the expanding supply zone now. With a high probability, the price will drop from that at least to 0.9047 level. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
GBPUSD Wave Analysis 20 January 2025 - GBPUSD reversed from support area - Likely to rise to resistance level 1.2365 GBPUSD currency pair recently reversed up with the daily Hammer from the support area located between the long-term support level 1.2095 (former Double Bottom from October), lower daily Bollinger Band and the support trendline of the daily down channel from September. The upward reversal from this support area started the active medium-term upward correction (4). Given the strength of the nearby support level 1.2095 and the significant US bearish sentiment, GBPUSD currency pair can be expected to rise to the next resistance level 1.2365.
Long
by FxProGlobal
USDCHF Wave Analysis 20 January 2025 - USDCHF reversed from the resistance zone - Likely to fall to support level 0.9000 USDCHF currency pair recently reversed from the resistance zone located between the key multi-month resistance level 0.9185 (which stopped the daily uptrend last April), the resistance trendline of the daily up channel from September and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Evening Star, which stopped the previous sharp upward impulse sequence (C) from December. USDCHF currency pair can be expected to fall to the next round support level 0.9000, the former resistance from December.
Short
by FxProGlobal
USDCHF - Reversal Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCHF has been bullish trading within the rising channel in orange. Currently, USDCHF is approaching the upper bound of the channel. Moreover, the blue zone is a strong resistance. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline. 📚 As per my trading style: As #USDCHF is around the red circle zone, I will be looking for bearish reversal setups (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
Short
by TheSignalyst
9
Gold Price Analysis: Key Insights for Next Week Trading DecisionThe market is buzzing with mixed feelings as we approach Donald Trump's inauguration as US President-elect. Gold prices have retreated from a one-month peak, with some investors jumping on the opportunity to buy the US Dollar at perceived dips. Despite this, gold remains heavily influenced by the geopolitical and domestic political climate in the US. Recent inflation data, combined with comments from Fed Governor Waller, have put pressure on the Dollar, with traders betting on an earlier rate cut. Waller hinted at the possibility of a rate cut as soon as the March meeting, noting that inflation is nearing the Fed's 2% target. In this video, we explore how these developments could shape the gold market moving forward. #GoldAnalysis #XAUUSD #GoldPrice #TrumpInauguration #USDIndex #InflationData #FedRateCuts #GoldTrading #ForexAnalysis #MarketTrends Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SAXO:XAUUSD
by darcsherry
9
GOLD - Price can fall a little and then continue to move up nextHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price dropped from $2705 level and fell to $2536 points, breaking $2610 level and entering to triangle. In this pattern, price at once made an upward impulse to resistance area and then made correction movement. After correction, price some time traded near $2610 level and then exited from triangle and rose back to resistance area. Then Gold turned around and dropped to support area, after which started to grow inside a rising channel. In channel, price broke $2610 with $2705 levels and now trades very close to $2705 level in resistance area. So, I think that Gold can fall a little below than support level and then continue to grow to $2750 points in rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
3
BITCOIN → Correction before further flight to 112-120KBINANCE:BTCUSD surprises everyone again with this week's rally. After retesting the panic and risk zone, when many started selling, the price turned around and flew 18% in a few days.... One week old idea: BITCOIN → Retest of key support. What can happen? There could be several factors behind the gains that have been forged over the past 3 days: New reports point to increased activity from major players, including institutional investors, Trump's upcoming inauguration, the crypto community is expecting the new president to take active steps. And overall, the bullish three-day run is a combination of macroeconomic factors, technical breakdown and fundamental confidence in the future of cryptocurrencies. All of this created a strong bullish momentum that attracted new buyers and increased institutional investor interest. From a technical perspective, the 100K and 102.5K area plays an important role for me. If the bulls can keep the price above this zone, the growth will continue in the medium term. Support levels: 102.5K, 100K Resistance levels: 103.6K, 105.7K, 107.5K Technically, at the moment, a pre-breakdown situation is forming on H1 against the support at 102.8. Accordingly, bitcoin may form a correction to both 100K and 97.5K. But, if the fall will quickly recover or the bulls will keep the defense above 100-102.5K, then further we can count on growth up to 108-112K. Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
12
Bitcoin on 'Pause' for brief moment!Seems like Bitcoin is making its moves in bullish fashion and is now exiting from the pause phase . Let me break down those phases for you: Consolidation, Bull, Pause, Bull... On the chart, I’ve highlighted these phases: Consolidation Phase: This is represented by a channel pattern , where the price moves within a defined range. Bull Phase: This is the parabolic movement , showing strong upward momentum. Pause Phase: This takes the shape of a triangle , signaling a temporary slowdown before the next move. What’s fascinating is that all these patterns — channel, parabolic, and triangle shapes —have unfolded during the 2023–2024 bull run . Together, they form a rising channel , reinforcing the broader bullish structure. Let’s see where Bitcoin heads next! 🚀
COINBASE:BTCUSD
by ArShevelev
Amazon’s Stock Stuck in a Downhill Slope or Ready to Escape ?Amazon's stock price movement on a 4-hour timeframe, presenting a descending channel pattern. This pattern is often associated with bearish sentiment, as it reflects a market structure characterized by lower highs and lower lows, signaling a consistent effort by sellers to dominate price action. Currently, the price is trading near the upper boundary of the channel, which acts as a dynamic resistance level. Historically, such resistance zones within descending channels tend to attract selling pressure, reinforcing the bearish outlook. If the price fails to break above this resistance and shows rejection signs (e.g., long wicks or bearish candlesticks), it could confirm a continuation of the downtrend, targeting the lower boundary of the channel as the next support level. It is crucial to monitor this resistance area closely, as a breakout above the channel could shift the sentiment from bearish to bullish. For such a breakout to be credible, it must be accompanied by strong volume and decisive candlestick patterns, such as a bullish engulfing or a breakout gap. In that scenario, the price could invalidate the descending channel and initiate a reversal, targeting higher resistance levels. Additionally, the broader market context and fundamental factors should be considered. If the stock is supported by positive catalysts or market sentiment, it could strengthen the likelihood of a breakout. Conversely, weak sentiment or negative news could intensify the bearish momentum, leading to further downside. The chart currently reflects a bearish bias due to the descending channel structure. However, the key to determining the next move lies in the price action and volume near the upper resistance line, which will decide whether the pattern continues or reverses.
NASDAQ:AMZNShort
by wolfchemist
11
TRUMP - High volatility, no highs to be seen - yetIt looks as though the TRUMP coin is trading within a range. Lots of chop, but no clear sign of a breakout to the up or downside. The recent red candle shows an 85% correction in one day. That's hugely impressive and will low liquididy this 'meme' coin could also fall off a cliff to the same degree. Sorry but there's too much at risk here, especially being connected to geo-political events and instability. Either way, it looks to be bouncing off the bumbers for now in a succinct WXYXZ fashion. Either trend line breach will signal a higher high or lower low. Follow and share for more.
by cryptechcapital
1
Euro can fall to buyer zone and then start to move upHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price entered to pennant and started to decline. In this pattern, the price fell to the 1.0355 level and broke it, after which continued to decline to the buyer zone. In the buyer zone, the price reached the support line of the pennant and started to grow near this line, and later reached the resistance line. Soon Euro exited from the pennant pattern and rebounded up, higher than the 1.0355 resistance level, after which it made a small correction and then started to decline inside the downward channel. Inside this channel, the Euro broke the 1.0355 level one more time and fell to the support line, after which tried to reach the resistance line, but when it almost touched it, the EUR dropped to the buyer zone, breaking the 1.0250 support level. Next, the price fell to the support line, after which made a strong upward impulse, thereby exiting from the channel and breaking the 1.0250 level again. Euro some time traded near this level and then rose to the resistance level, after which started to decline. In my opinion, the Euro can fall to the buyer zone and then start to move up to the 1.0355 resistance level, where is locates my TP. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
10
BITCOIN (BTCUSD): Will We Test ATH Soon? Following a strong upward trend in Bitcoin this week, the price reached the resistance line of a rising parallel channel and began to retrace. I see a classic support cluster forming within a horizontal range and the support line of the channel on a 4-hour timeframe. Currently, the market is testing this zone. I predict that there will be a bullish rebound leading to further upward movement, possibly reaching 106,000 and potentially even testing the all-time high. Conversely, if the price managed to break and close below the confluence zone, that would be a strong bearish signal.
BINANCE:BTCUSDLong
by linofx1
4
QQQ/SPY - Which way will it break?For the last 4 years (2020-2024), we have been in a narrow band where--generally speaking--SPY and QQQ have performed comparably. 2022 is the notable exception, where inflation increased rapidly and QQQ underperformed SPY. For the prior 12 years before that (2008-2020), QQQ outperformed SPY handedly. Inflation was low. Interest rates were held at ~0%. When you overlap the last 16 year channel with the last 4 years horizontal band it becomes clear that one (or both!) of these trends will break down. Option 1: Inflation is under control, and the last 16 year channel is sustained. 4-year trend breaks. Option 2: Inflation remains in limbo, and we stay in the new 2-year horizontal channel; 16-year trend breaks. Option 3: Inflation is rampant, and QQQ underperforms SPY. Both trends broken. What's it going to be?
NASDAQ:QQQ
by HandsomeSloth