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Parallel Channel

GOLD → The new ATH is not the limit. What are the new targets?FX:XAUUSD updates ATH to 2800 and at the same time bulls are consolidating above the previously broken high, trying to form a base for continued gains Gold updates all time high to $2800, amid a weaker US dollar and the threat of high tariffs from Trump, who again warned of possible 100% duties against BRICS countries, as well as a 25% tax on imports from Canada and Mexico, which boosted demand for protective assets. Investors are waiting for the US PCE Core Price Index data to gauge the Fed's next steps. Technically, now the focus is on 2 levels: 2798.5, which is a trigger for the continuation of growth and support at 2785, behind which there is a huge pool of liquidity. Gold needs to overcome 2798.5 to continue rising, but before that a retest of the support may be formed due to the liquidity under the level. Resistance levels: 2798.5, 2800, 2810-15 Support levels: 2790, 2785, 0.5 fibo In general, gold has a bullish price movement. There are no hints of a trend breakdown, so the chance for the continuation of the growth is quite high and it can happen either when the trigger is broken or after a small consolidation or correction before the news. Emphasis on the previously mentioned levels and news. Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
Gold can reach resistance line of channel and then start declineHello traders, I want share with you my opinion about Gold. Observing the chart, we can see how the price entered to upward channel, broke the 2620 level and reached the resistance line of the channel. After this, Gold made a correction to the buyer zone and then turned around and quickly rose back. Then the price made a correction again and continued to move up inside the channel, and soon it reached the second support level (2700) which is located inside the support area and at once corrected to the support line of the channel. Next, the price some time traded near this line and soon reached the 2700 level and broke it, after which made a retest and continued to move up next. Later Gold rose to the current support level, which coincided with one more support area, and corrected the support line of the channel. Price some time traded near this line, again, and later rebounded up to the 2780 level and broke it too. At the moment, the price continues to move up and I think that Gold can reach the resistance line of the channel and then start to decline to the support line, breaking the support level. That's why I set my TP at 2770 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
XVG - on the "VERGE" of breaking out!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XVG has been in a correction phase trading within the falling blue channels. 🏹As XVG approaches the lower bound of the channels, which lines up perfectly with the demand zone marked in red, it would be an attractive zone (at least for me) to look for longs. 🏹On the other hand, for the bulls to take over long-term, a break above the last major high marked in blue around $0.015 is needed. For now, we wait! ⏱️ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
7
USDCHF → The bullish trend may get its continuationOANDA:USDCHF is entering the realization phase after a prolonged correction. A favorable background is created by the uptrend and rising dollar The technical outlook on the daily timeframe is very good. The price after breaking the trend resistance tested the previously broken line. The currency pair after the false breakout managed to consolidate above the key point, marking an interim bottom and further prospects. Technically, the focus is on the resistance at 0.911, if the bulls can overcome this area and consolidate above this level, the currency pair will be able to realize a rise to 0.918 - 0.93. Resistance levels: 0.911 Support levels: 0.90555 Before breaking the resistance, the currency pair could test 0.90555 due to the liquidity generated below this area. But, the trigger that can provoke further growth is 0.911 Regards MARKET ANALYZER
Long
by MarketAnalyzar
GBPUSD took support from 4h bullish channel – Targeting $1.265Market Context Instrument: GBPUSD Timeframe: 4h Key Trend: Reversal from short 4h downtrend Catalyst: support from 4h bullish channel + Elliott wave 4 completion. Technical Analysis Patterns/Levels: Price broke above the $1.2400 strong support of a 4h bullish channel. Indicators: MACD bullish crossover; RSI above 50. Entry Analysis Entry Zone: 1.24250. 1.2645 (4h key resistance, Caution if fail to break). Confirmation: support above $1.2400 on the 4h chart. Exit Analysis TP1: $1.2575 (prior swing high). TP2: $1.265 (Wave 5 target). Risk Management Stop Loss: $1.2393 (below Support 1.2400). Risk-Reward: 1:4. Conclusion “The support from 4h bullish channel signals a trend reversal. Targeting $1.2650 with a tight SL ensures favourable risk/reward.” Notes for Success: Timeframes Matter: Align entry/exit with higher-timeframe trends. Adapt: Adjust targets if volatility spikes (e.g., news events). Disclaimer: Always include “Not financial advice. Trade at your own risk.”
Long
by TraderJaggu
EUR/GBP Collapses Bearish Breakout SetupThis chart shows a short trade setup based on the price action and trendline analysis of the EUR/GBP pair on the 2-hour timeframe. The price was moving within an ascending channel, defined by two parallel white trendlines. The ascending channel suggests a temporary bullish trend where the price consistently made higher highs and higher lows. At the top of the channel, the price experienced resistance, which led to a breakdown below the lower trendline. This breakdown signals a potential reversal of the bullish trend and marks the start of bearish momentum. The break of the lower trendline is the key signal for the short entry. The breakdown also aligns with a shift in market sentiment, as the price failed to maintain its position within the channel. The sell-off that followed confirmed the validity of the breakout. The price is now trending downward toward a lower level, which could act as a support area. The key levels to watch include the recent breakout point, which could act as resistance if the price attempts a pullback, and the lower support level near 0.82856. This support level aligns with a previous price range and serves as the potential target for the short position. The descending movement following the channel break suggests strong selling pressure. To confirm the continuation of the bearish trend, the price should not re-enter the ascending channel. A retest of the lower trendline could provide further confirmation of the breakdown, while a failure to hold below it could invalidate the bearish bias. This setup reflects a clear trend reversal strategy focusing on trading the breakout of an ascending pattern.
Short
by wolfchemist
1
IBM Wave Analysis 30 January 2025 - IBM opened with a sharp upward gap - Likely to rise to the resistance level 260.00 IBM today opened with the sharp upward gap which broke the resistance zone between the resistance level 239.00 (top of wave 3 from December) and the resistance trendline of the two up channels from November of 2024 and May of 2023. The breakout of this resistance zone continues the active minor impulse wave 5 of the higher impulse wave (5) from last May. IBM can be expected to rise further to the next resistance level 260.00 (the target price for the completion of the active impulse wave (5)).
NYSE:IBMLong
by FxProGlobal
EurUsd - This Will Impact Your Trading In 2025!EurUsd ( OANDA:EURUSD ) is heading much lower: Click chart above to see the detailed analysis👆🏻 For basically an entire year, EurUsd has been retesting a massive previous support which was then turned resistance. Over the past couple of months, we then saw a significant drop breaking all structure towards the downside and it is quite likely that this won't stop soon. Levels to watch: $1.090, $0.970 Keep your long term vision, Philip (BasicTrading)
Short
by basictradingtv
12
GOLD → Buyers are serious about retesting ATHFX:XAUUSD on the background of yesterday's news played both ways. The dollar could not win from this situation, which as a whole favorably affects the price of metal. ATH as a target is still relevant. All attention is focused on the US GDP data for Q4. Slowdown in economic growth may increase interest in gold as a protective asset, especially against the background of possible trade tariffs of Trump and ambiguous reports of techno-giants. The Fed kept the rate, but tightened the rhetoric, which temporarily weakened gold, but the weak dollar and understanding of economic risks helped the metal to partially recover. Technically, the rebound from the support of the ascending channel is forming, the price is passing resistance levels on its way. Resistance levels: 2784, 2790 Support levels: 2771, 2766 Technically, from these support zones we should continue to wait for the growth towards 2790. But, based on the manner of price approach to the historical maximum, there is a probability of a small correction from 2790, after which the market will show either readiness to go even higher, or to form a deeper correction. Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
ONDOUSDT → Resistance Breakthrough. Ready for the raceBINANCE:ONDOUSDT.P continues to hold an uptrend with cyclical counter-trend corrections. The chart is showing signs of an end to the correction and a readiness to go up A rather large consolidation has been formed against the background of the main uptrend. Regarding this, the price is trying to go up, breaking the resistance of consolidation (triangle) and overcoming the next obstacle in the form of key resistance at 1.538. The emphasis is on this level. If the bulls manage to keep the defense above 1.538 support, ONDO may show a recovery to 1.7 - 1.9 - 2.15 in the short to medium term. Support levels: 1.538, 1.44 Resistance levels: 1.7344, 1.90 A small pullback to support and formation of a false breakdown is possible, but price consolidation above the level will be a confirmation of readiness to go up. Targets are marked on the chart! Regards R. Linda!
Long
by RLinda
10
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