Get started

Parallel Channel

Reversal for Gold?Price is printing a high timeframe trendline touch today ( 22.1.25 ) Price on the lower timefram have been trading in a rising channel since december 30th. Price have broken out from the lower timefram channel now into a 3rd touch of a higher timeframe trendline. If price now falls into the lower timeframe channel i will use that as validation for this thesis. Reasoning for using the lower timeframe upper channel TL is becuase it has 4 datapoints and looks to be in play. Entry: I will wait for price to fall into the channel then go short with my SL placed above a recent high.
FOREXCOM:XAUUSDShort
by Norsefx
EURUSD Roadmap==>>Short-term!!!EURUSD ( FX:EURUSD ) is moving near the Support zone($1.039-$1.033) and inside the Ascending Channel . According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing the main wave 3 above the ascending channel and is currently completing the main wave 4 . I expect EURUSD to attack the Resistance zone($1.052-$1.044) again soon, and the main wave 5 could end in this zone. What do you think? Will EURUSD break the support zone or bounce back to test the resistance zone? Note: If EURUSD can break the Support zone($1.039-$1.033), the lower line of the ascending channel, and 100_SMA(4-hour) , we should expect a further decline of this pair. Note: Donald Trump's speech and the announcement of the Unemployment Claims index can affect the EURUSD trend(Tomorrow). Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 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
3
GBPJPY → The CBJ has raised rates. What's in store for the pair?FX:GBPJPY experienced an attempt to break through resistance and rise, but failed to realize the intention as traders do not believe in bullish movement due to the actions of the Central Bank of Japan The Central Bank of Japan raised the rate by 0.25% to the highest since 2008. The bank sees accelerating inflation, a slowing economy and is likely to raise the rate further if inflation continues to rise. Fundamentally, the situation may trigger a fall in the currency pair, but it may be restrained due to the Pound's strength against the Dollar. Nevertheless, I assess the situation regarding a false break of resistance from the technical part, and from the fundamental part from the Japanese action, as they are targeting the medium term. Resistance levels: 193.00 Support levels: 192.00, 190.55 Another attempt to retest resistance before a further drop is possible. Traders are starting to build up longs on the Yen, which may lead to a bearish correction of the currency pair. Regards R. Linda!
Short
by RLinda
16
S&P500 - Preparing For The Final Bullrun!S&P500 ( TVC:SPX ) is still heading higher: Click chart above to see the detailed analysis👆🏻 Although the S&P500 has been creating new all time highs for the past couple of months, charts are clearly telling us that this bullrun is not over yet. We already saw two textbook cycles of +90% each and during 2025, we will see the completion of the third and final bullrun. Levels to watch: $7.000 Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
27
Gold: Potential Correction After Testing Key Resistance Levelshello guys! Key Resistance Zone: The price has reacted strongly at this confluence of resistance, signaling the potential exhaustion of the recent bullish momentum. Correction Scenario: A pullback to the breakout (BO) level, represented by the blue area, appears likely as the price consolidates below the resistance. This region could provide a strong support level, potentially around $2,710-$2,730. Channel Dynamics: The price is still within an ascending channel, suggesting that a retracement would be corrective rather than a trend reversal. The lower bounds of the blue area or the midline of the channel could serve as dynamic support. Confirmation Needed: If the price fails to hold above the BO level (blue area), the next support targets would lie near $2,678 (Fibonacci retracement zone), which aligns with the prior market structure. __________________________ Strategy for Traders: For Shorts: Short-term traders can look for rejection signals at the current resistance, targeting the BO level for potential profit-taking.
OANDA:XAUUSDShort
by melikatrader94
14
GOLD - Price can make move up and then fall to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price broke $2640 level and then declined a little, after which turned around and started to grow inside channel. In channel, price reached support area and then bounced to support line of channel, and then rose higher than $2640 level, breaking it. Next, Gold corrected and then continued to grow to resistance line of channel, after which made a small correction again. Price rose to $2720 level, broke it, and madea retest, after which it soon exited from rising channel as well. After this movement, Gold rose a little higher and then started to decline, so, now I think it can rise a little. Then Gold can continue to decline to $2710, which is located in support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
3
HelenP. I Gold can rebound from trend line to support levelHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price declined to the trend line and then at once rebounded from this line to support 1, which coincided with the support zone, breaking support 2. Then the price made a correction, after which reached the trend line and then rebounded and rose back to the support zone (2725 - 2715) and then dropped to the trend line. When the price fell to this line, it broke it and declined to the support zone, which coincided with support 2 and then started to grow inside the upward channel. In the channel, the price reached the support line and some time rose near this line and then bounced and in a short time rose to support 1. Soon, the price broke this level and continued to move up next and now it almost reaches the trend line. For this case, I expect that XAUUSD will reach this line and then turn around and start to decline to support level inside an upward channel. That's why I set my goal at the 2715 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
Solana ($SOL) - ATH Break-Out - A Bull To RememberTRADENATION:SOLANA and I are good friends. I called the ultimate #Support and went #Bullish on $SOL. Went #Long on COINBASE:SOLUSD ever since 10, then 15, then ramping the the #Bull on 145. * see related idea for details. Cashed in at 250, was the #ATH and had doubts, seen the #Correction coming. What's next for BINANCE:SOLUSDT ? A Massive #Pump, that's what! TRADENATION:SOLANA will become Number 3 on #TotalMarketCap ( CRYPTOCAP:TOTAL ), mark my words. Why? Why will TRADENATION:SOLANA pump? It's quite simple actually. It's all about the MARKETSCOM:BITCOIN pushing #MarketSentiment up. But even BITSTAMP:BTCUSD will need to provide some #Correction, and that is seen on the CRYPTOCAP:BTC.D chart. There will be some wild #Swings on #BTC. I believe that with the #AltSeason and #AltCoins Cycle starting, CRYPTOCAP:SOL will bloom. That's because of TRADENATION:SOLANA connection with the #Solana #Meme Coins Ecosystem. CRYPTOCAP:TOTAL2 & CRYPTOCAP:TOTAL3 are about to shoot. Billions printed, coded #MemeCoins. COINBASE:SOLUSD - #TechnicalAnalysis - #ElliottWave: Wave 4 Complete - #RunningFlat at #ATH - #Break-Out - Wave 5 Confirmation My CRYPTOCAP:SOL Buy Levels - Entry @ 240 - SL @ 140 - TP @ 500
BINANCE:SOLUSDLong
by EW4X
3
NZD/JPY Breaking Barriers and Soaring HigherNZD/JPY shows a strong bullish breakout on the 1-hour chart. A descending trendline was invalidated, indicating a shift in market sentiment. This move highlights growing buying pressure and a potential continuation of the upward trend. The breakout occurred near 88.140, which aligns with a resistance level turned into support. Buyers are stepping in aggressively, creating a high-probability long opportunity. The stop loss is placed at 87.073, below the recent consolidation area, ensuring protection against invalidation. The take profit is set at 89.433, derived from the measured move projection of the breakout. This trade presents a favorable risk-to-reward ratio, backed by momentum and a clean breakout structure. With market sentiment leaning bullish, this setup aligns with trend-following principles.
Long
by wolfchemist
1
Amd - It Comes Down To This Support!Amd ( NASDAQ:AMD ) is retesting massive support: Click chart above to see the detailed analysis👆🏻 For more than three years, we have been seeing a quite volatile consolidation phase on Amd. Looking at recent price history though, Amd just came back to retest a massive horizontal support level and if we see bulls taking over, a rally of +100% is very possible. Levels to watch: $120, $240 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMDLong
by basictradingtv
28
GOLD → bulls are aiming for ATH. The odds are high...FX:XAUUSD is in a rally phase aiming for ATH. Based on geopolitical data, we have a pretty good chance. The focus is on 2750. From this point the northbound train can continue its journey. Trump's policies are putting quite a bit of pressure on geopolitics due to creating trade problems for major nations like China, EU, Canada, BRICS countries. Chinese Vice Premier Ding Xuexian has warned of the negative effects of a trade war, which has further increased demand for safe havens like gold and the US dollar. Gold is also facing pressure because of the Fed, but the dollar correction is becoming another driver for the metal. Technically, the price is trying to consolidate above a rather important level. 2749. If the bulls manage to keep the defense above 2750, the metal may continue its growth in the short and medium term Resistance levels: 2759 Support levels: 2750, 2737, 2732 Emphasis on 2750. If the bulls keep this area under their control, the gold will go higher. But, I do not exclude a retest of 0.5 Fibo liquidity zone or 2732 before further growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
New analysis on CADCHF OANDA:CADCHF we are have bullish push in last periods, ASCENDING CHANNEL is visible, its be breaked, price is make push around 40PIPS and its start reversing at end my ex. analysis on CADCHF i am CANCEL. Currently price again pushing on same zone from last idea-strong zone(violet line), +H&S pattern looks like will not be continued after its have confirmation, which for me here is one more sign for bullishness. NOTE: Analysis on CADCHF before this one will be attached SUP zone: 0.63200 RES zone: 0.64000, 0.64200
Long
by DepaTrading
Ascending Channel at Risk: Gold's Next Move!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,743-$2,700) , near the Upper line of the Ascending Channel and near the Important Resistance lines . According to the theory of Elliott waves , Gold seems to have succeeded in completing microwave 5 of microwave c of the main wave Y . If the Uptrend lines break , we can confirm the end of wave 5 . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks (Clear RD- in all indicators ). I expect Gold to drop at least $2,710 in the coming hours after the breaking of the Uptrend lines . The next target can be $2,701 , and if the lower line of the ascending channel breaks , we can hope for the breaking of the Support zone($2,697-$2,689) . If you want to see my analysis on the 4-hour time frame , take a look at the post I published on January 16, 2025 . Note: If Gold goes above $2,750, we should expect more Gold increase and a new All-Time High (ATH) for Gold. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 1-hour time frame. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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.
OANDA:XAUUSDShort
by pejman_zwin
15
EURUSD → An attempt to change the trend could be successfulFX:EURUSD gets a chance for a bullish run. The currency pair breaks the prolonged downtrend and consolidates for a chance to continue the upward movement The global trend is downtrend and at the moment it is too early to talk about a change of trend, as the price is under pressure from the strong resistance at 1.044. BUT! A pre-breakout base is forming around this area, so if the dollar continues its corrective course, EURUSD will have a chance to confirm the trend change. If the bulls are able to overcome 1.0448 and consolidate above this level, we will have a chance to rise to 1.06 and possibly higher.... Resistance levels: 1.0448, 1.0607 Support levels: 1.033, 1.0222 Technically, the focus is on the nearest trigger at 1.0448. A breakout and consolidation of the price above this zone may provide a convenient entry point to open long positions. Regards R. Linda!
Long
by RLinda
3