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Parallelchannels

EUR/USD: calm before the storm. Will history repeat itself? As it can be inferred from the DAILY (D) timeframe chart, the price is approaching the upper boundary of the descending channel that is illustrated on the graph. As we know, before an impulsive move happens, the price should go through a consolidation phase. This can be clearly observed taking a look at the historical price action. Thus, we are keeping a close eye on this pair and monitoring the development of the price before potentially going short and aiming for the lower boundary of the channel.
Short
by Investroy
12
ATOM inside descending channels#ATOM/USDT $ATOM is inside a huge descending channel. 🐻 now price is rejected from the middle line of a channel which is the same with the long-term resistance zone, so it is possible that continue its downtrend to break down from support of $10 and touch the lower line of channel, than start a new rally. 🐮 but it price going to hold the support of $10, it will be an easy break out from resistance around $17 to touch the upper line of channel which is the middle line of bigger channel. in the long-term price can touch the upper line of the bigger channel. previous weekly analysis of COSMOS
by parissap
12
📢EURUSD analysis in Daily time frame🤨💰🔰You can see the analysis of the euro to the US dollar in the daily time frame (EURUSD_ 1D) 🔍🧨 💥As it is clear from the picture, the price is moving in a Bearish parallel channel🖤🧐 Due to the presence of the price in the dynamic support area (the lower line of the Bearish parallel channel🖤), there is a possibility that the price will rise to the specified area🚀🔺 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 __________📈TRADER STREET📉___________
Long
by TRADER_STREET
⭕️SELL USDJPY ; Its time to sell❗️🔰You can see the analysis of US dollar to Japanese yen in one hour time frame (USDJPY_ 1H)🔍💣 💥As it is clear from the picture, the price is moving in a Bullish parallel channel💜❗ Due to the presence of the price in the SUPPLY zone and the Resistance area (the upper line of the Bullish parallel channel💜), we can expect the price to fall🔻 to the overlapping area of ​​the Up trend line🖤 and Support🧡🧐 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 __________📈TRADER STREET📉___________
Short
by TRADER_STREET
AUDUSD: Fake Move Monday? 🚨Let's start our analysis with AUDUSD: By studying my chart, you will notice that price has not yet reached an area of strong supply or demand, it is simply trading around an imaginary trendline. Sentiment shows us that 66% of traders are long and the day has started bullish. Could this be an early invitation for buyers to start the week? When traders open their screens and see this bullish momentum, they may feel FOMO that they will miss the longs. For this reason, I am set mostly on bearish momentum and will be locating the ideal area to sell from later in the day.
Long
by AlkalineFX
37
USD/JPY facing daunting resistance ahead of 150Might be an idea to tighten up stops. We are approaching the top of two channels and the old 1998 high all around 144.85/148.60 Disclaimer: The information posted on Trading View and other media platforms is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
BTC bearish flag on board #BTC/USDT $BTC broke down from 4h and daily ascending channels. and drop almost as high as the bearish flag pattern. 🐻 as the broke of daily channel has confirmed so daily channel as a bearish flag can drop price toward $10k and $8k. but maybe till the end of this week there will be another sideways move between lower lines of daily and weekly channels. 🐻🐻 close a weekly candle below weekly channel will confirm full control of bears on the market and huge downtrend toward $10k and $8k.
Short
by parissap
12