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Parallel Channel

EURO - Price can bounce up from support area to $1.0685 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago, the price started to decline inside a falling channel, and in a short time, it fell to the $1.0810 level. Then, the price entered the resistance area, after which it turned around and rose to the resistance line of the channel, making a first gap. After this, EUR made impulse down, breaking $1.0810 level, exited from channel, and continued to decline in pennant. In pennant, price fell below $1.0515 level, to support line of this pattern, after which made a second gap and returned back. Also recently, Euro broke $1.0515 level and exited from pennant and now trades close to this level. In my mind, price can fall to support area and then bounce up to $1.0685 points. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EURUSD → Correction after false breakdown before further fallFX:EURUSD is taking a chance amid the local correction of the dollar. The currency pair can test the local highs. But! You need to be careful as there will be a lot of news today. Fundamental background is generally negative. (Trump's victory, tariffs for European export goods, lower interest rates and so on). This all accompanies the global and local downtrends. Accordingly, in our case, since a false support breakout is forming on the chart, we should wait for a retest of resistance and reversal patterns to further consider selling attempts with the purpose of further decline. Resistance levels: 1.0606, 1.065, 1.076 Support levels: 1.0517, 1.044, 1.033 Accordingly, we follow the nearest resistance, if bears behave aggressively on the background of the news, the price will continue to fall from these areas Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
6
Nasdaq - This Is Just The Beginning!Nasdaq ( TVC:NDQ ) is preparing a major rally going into 2025: Click chart above to see the detailed analysis👆🏻 As mentioned in all of my previous analysis, the Nasdaq is rallying but despite the recent strong move, there is still a lot more room towards the upside. With the channel breakout happening over the past couple of months, it is quite likely that we will see a rally of +50% during 2025. Levels to watch: $26.000 Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
6
Gold - This Will Be The Top!Gold ( TVC:GOLD ) is starting to reject the channel resistance: Click chart above to see the detailed analysis👆🏻 Gold perfectly retested the top of the rising channel after rallying more than +35% over the past couple of months. Just looking at this overextended rally alone, it is quite likely that Gold will correct even more and maybe, we will even see a retest of the previous breakout level. Levels to watch: $2.700, $2.050 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
18
PEPEUSDT → DUMP Phase. Manipulation before growth? BINANCE:PEPEUSDT after "PUMP" goes into a plum phase or “DUMP”. Key support is under attack for a long time and may not hold up For the last week and a half, the coin does not react in any way to the bitcoin growth and is in the consolidation phase, but if you look closely, the consolidation has the character of a descending triangle, which indicates the growing pressure from the sellers. If the support at 0.00001880 does not hold, the coin may form a strong impulse. Targets in this case could be 0.0000149 or 0.00001388. Resistance levels: 0.0000195 Support levels: 0.0000188-0.000018 Emphasis on key support and resistance. I do not exclude that a retest of resistance is possible, but the overall picture at the moment suggests that there may be a breakout of the base, reaching liquidity zones before further growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:PEPEUSDT ;) Regards R. Linda!
Short
by RLinda
12
Euro can reach resistance line of channel and then continue fallHello 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 rebounded from the resistance line first and in a short time declined to the support line of the channel. Next, the price rebounded from this line, which coincided with the resistance level and started to grow to the resistance line, making a first gap as well. When the price reached the resistance line, it turned around and made an impulse down, breaking the 1.0760 level, which coincided with the seller zone, after which tried to return, but failed. After this, the EUR continued to decline inside another one downward channel. In this channel, the price fell to the support line (1.0520) and then rebounded to the resistance line of the channel, after which continued to fall. Soon, the price fell back to the support line of the downward channel, but a few moments ago, it bounced up to almost the resistance line, making a second gap. So, at the moment, I think that the Euro can reach the resistance line of the channel and then start to decline to the support line of the channel. For this case, I set my TP at 1.0290 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
GOLD - Price can continue to grow inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price traded inside flat, where it made a gap and then bounced up, thereby exiting from this pattern. Next, price started to decline inside falling channel, where Gold broke $2740 level and fell to $2660 level. Price tried to grow, but failed and declined more, until to $2610 points, after which exited from falling channel. Then price fell to $2535 points, after which Gold started to grow inside rising channel, where it broke $2580 and $2660 levels. Next, price rose to resistance line of channel and made correction to $2660 level, after which continued to rise. I think that price can correct to support level again and then continue to grow to $2740 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
5
KEYUSDT long Spot Trade / after the last correctionafter the last correction break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid. KEYUSDT Elliott Wave Technical Analysis Mode: Corrective Position: Wave (c) from (X) Direction: Wave (c) is still in play Details: Wave (c) is still in play which I expected to be end around 0.0046-0.0035 which will be my entry point. Next Direction: next higher Degrees Wave (Y) Target : T1: 0.010775 with 160% profits T2: 0.0143 with 250% profits Wave Cancel invalid level: Daily closing below 0.002348 with 40% loss. Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
KLong
by ahmadsaad83
AVAXUSDT: Growth Potential Within an Ascending Channel BINANCE:AVAXUSDT is showing confident movement within an ascending channel, indicating a strong bullish trend. The current price is 40.337 USDT , with nearby support and resistance levels offering excellent opportunities for trading with high profit potential. The chart highlights key levels, including volume zones, making this asset particularly appealing for both beginner traders and experienced market participants. 🔑 Key Levels Support: 37.092 USDT – the lower boundary of the channel where buyers actively defend positions. 37.673 USDT – a short-term support zone during local corrections. Resistance: 40.489 USDT – the current resistance level being tested by the price. 49.427 USDT – the upper boundary of the channel, serving as the target for bullish movement. These levels play a crucial role in position management and planning trade entries and exits. 🚩 Trade Setup The chart shows increased trading volume accompanying the price's upward movement. This confirms buyer activity and strengthens the likelihood of further growth. Entry Point: Consider opening a long position upon a breakout above 40.489 USDT . Stop-Loss: Set a protective stop order below 37.092 USDT to limit potential losses. Take-Profit Targets: 43.500 USDT – the first target where partial profit-taking is recommended. 46.800 USDT – an intermediate target for securing the majority of the position. 49.427 USDT – the final target at the upper boundary of the channel. 📈 Technical Analysis Context The price is currently in the middle of the ascending channel, suggesting the possibility of both further growth and short-term corrections. Increasing volume in support and resistance zones enhances the reliability of these levels. A breakout above 40.489 USDT could signal the start of a new bullish impulse. 💡 Trader Recommendations Utilize volume analysis: Rising volumes at key levels confirm their significance. Watch for breakouts: If the price consolidates above resistance, expect an acceleration in growth. Plan positions in advance: Set take-profit and stop-loss orders beforehand for effective risk management. Analyze dynamically: Use timeframes (1H and 4H) to get a complete market picture. Conclusion BINANCE:AVAXUSDT offers unique trading opportunities thanks to its clearly defined ascending channel and significant volume activity. Use the presented levels and recommendations to optimize risk management and maximize profits.
Long
by Max_Pr0fit
Gold Next Move 2492! read caption OANDA:XAUUSD is trading in parallel channel from last 2 months in H4, as you can see in chart gold is fully bearish till 2565 , all chart patterns bearish, fundamentally also bearish, gold can give possible move of 2561 if gold break it down and continue its trend then we can also see 2492 in gold. we will look good buying opportunity in gold from 2492 for now gold is sell. always use proper stop loss with fund management. all the best traders follow me and share my idea to your friends and family
TVC:GOLDShort
by GoldMasterTrades
USDJPY: Your Trading Plan Explained 🇺🇸🇯🇵 USDJPY is trading within a rising parallel channel on a daily. The price is currently testing its support. To buy the market with a confirmation, watch carefully a bullish flag pattern on a 4H time frame. A bullish breakout of its resistance and a 4H candle close above will give you a strong bullish signal. With a high probability, the price will keep rising then and reach at least 155.3 level. Alternatively, a bearish breakout of a channel's support on a daily may push the prices lower. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
is a 200% rally for Shoals Technologies about to print?This is a 6 month forecast. On the above 6 day chart price action has corrected 80%. A number of reasons now exist for a bullish outlook. They include: 1) Price action and RSI resistance breakouts. 2) Strong regular bullish divergence. 3) No share splits. 4) 12% short interest. 5) The forecast is to the upper channel resistance. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk: you decide Timeframe for long: This month Return: 200% Stop loss: will say elsewhere
NASDAQ:SHLSLong
by without_worries
8
ULTA in the buying zoneMODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price sitting on 52 period channel, below 39& 26, with $330 calling for price come down further. Buying small position here and doubling if price reaches $330 area. Price at or near bottom channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is negative Price at or near 2.618 Fibonacci level (from 2HR chart) Target is $100 or channel top bottom Stop loss is $353 area
NASDAQ:ULTALong
by chancethepug
1
USDJPY → False breakdown of uptrend supportFX:USDJPY is forming a false breakdown of the support of the ascending price channel. On the background of the dollar rally and strong sales of the Japanese national currency, it can be a good signal for the continuation of growth On D1 we can clearly see the upward, bullish market structure. There are no deep corrections, strong fundamental background and aggressive support from the rallying dollar. This picture may have a medium-term character and the market has a chance to test the ATH, provided that Japan does not start to take any measures to strengthen the JPY. Technically, the currency pair is consolidating above the strong support at 153.9 and intends to go even higher. There are two strong resistances ahead. Support levels: 153.9, 153.5, 152.2 Resistance levels: 155.36, 155.8, 156.7 Accordingly, a price fixation above trend support or above 155.4 will be a good signal that we are ready to go up Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Long
by RLinda
19