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Parallel Channel

Euro will break resistance level and continue to grow nextHello traders, I want share with you my opinion about Euro. A few days ago, the price was trading within a range. It dropped to the seller's zone but immediately rebounded to the upper boundary of the range. Shortly after, the price began to decline, falling below the resistance level, breaking it, and exiting the range pattern. Following this move, the price dropped to the support line and continued to hover near it. Occasionally, it bounced back toward the resistance level but quickly reversed downward. The Euro continued to fall, reaching 1.0175 and breaking through the support level, which aligned with the buyer's zone. From there, it began to climb near another support line. Later, the price broke the support level once again but then rallied to the resistance level, breaking through that as well. Afterward, EUR formed its first gap, followed by a sharp drop to the buyer's zone, creating a second, stronger gap and breaking the support line. Subsequently, the Euro started to climb within an upward channel, where it formed a third gap. At the moment, it remains in this upward trajectory. Based on this, I believe the Euro will continue to rise within the channel and eventually break the resistance level. Once the breakout occurs, I expect the price to maintain its upward momentum, so my TP is set at 1.0550. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Is BTC ready to go higher? BTCUSD on the 4-hour timeframe is showing signs of contraction within a descending channel, indicating potential accumulation before a breakout. The price has been testing the descending trendline resistance, with multiple touches of the outer zone, suggesting buyers are stepping in and attempting to establish higher lows. Volume remains moderate, but a breakout above $98,304 could lead to a test of the next major resistance at $102,000, signaling a shift in momentum. The RSI is hovering near the midline, showing a balanced market without extreme overbought or oversold conditions, leaving room for a strong move in either direction. If BTC fails to break out, a retest of liquidity sweep at $90,000 could occur, but given the price compression and trendline pressure, a breakout appears increasingly likely. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve risk, and independent research or consultation with a professional is recommended before making any financial decisions.
BITSTAMP:BTCUSD
by MysticMads
BITCOIN (BTCUSD): Deep Consolidation Many of the members asked me to provide the updated analysis for Bitcoin. The main problem with BTC is that the market is currently in a deep consolidation. Since the beginning of the month, the market is barely moving, forming candles with tiny bodies and long tails. The price is currently stuck within a narrow range on a daily. For now, the best signal that you should wait for is the breakout of one of the boundaries of the range, and a candle close below/above that. The side of the breakout will accurately indicate the future direction of the market and a real sentiment. Be patient and wait for the signal. ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDLong
by VasilyTrader
4
XAUUSD - Roadmap for 3003! Read ChartHello Traders! As we know gold is trading in two parallel Channel internal and external channel and in bullish trend we are watching gold's impulsive wave breaking every time to upper trendline of external channel and retesting only internal channel's down trendline. we seen a corrective move from 2943.329 to 2864.450 and suddenly gold again hit its ATH and this impulsive move will end at 3003 then we can expect trend reversal with any confirmation. Support Levels: 2916,2919,2922 Resistance : 2943.300 For Now i am bullish till 3003 with stop loss at lower support
OANDA:XAUUSDLong
by PIPsOptimizer
GOLD → ATH retest - 2942. A step away from a breakoutFX:XAUUSD is testing ATH, which generally increases the chances of growth continuation. The 3000 target is getting closer and closer. Retail sales data is ahead Metal is consolidating after the rally, remaining in an uptrend. Supported by Trump's tariff plans and expectations of Fed easing. PPI data reinforced dovish sentiment, weakening the dollar and bond yields. Markets reacted to the delay in tariffs and comments from Trump and Powell on the need to cut interest rates (without specific dates), which supported gold. Ahead is possible profit taking and the impact of US retail sales data Resistance levels: 2942.6, 2950 Support levels: 2929, 2922, 2908 Emphasis on key supports. There is a possibility of support retest before further growth. If this does not happen and the price heads towards ATH, the scenario for a pullback to the support at 2929-2922 before further growth will remain Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
GOLD → Waiting for news. What next?OANDA:XAUUSD during the adjustment period, we are monitoring key risk zones from which the trend may continue or the correction could extend longer... The focus today is on the scheduled US CPI data release, which could provide new momentum for gold. Markets remain concerned about Trump's tariffs potentially triggering inflationary pressures, which could allow the Fed to maintain its hawkish stance. The US dollar strengthened significantly following speculation that the Fed will keep interest rates unchanged in the near future, putting pressure on gold prices for the second consecutive day on Wednesday. However, Trump also hinted at considering additional tariffs on goods, raising concerns about a global trade war and serving as a catalyst for this safe-haven precious metal. Gold's next movement depends on inflation data and Trump's tariff levels. If CPI exceeds forecasts, the dollar will strengthen and gold prices will decline. Conversely, weak data could support the metal's growth. Resistance levels: 2898, 2911, 2930 Support levels: 2880, 2870, 2855 From a technical perspective, breaking above the support level at 2880 indicates the market remains bullish and quite aggressive. If buyers maintain prices above 2880-2885, then in the short and medium term, we should expect prices to rise to 2930-2950. If gold breaks below 2880 and stays under this zone, market liquidation could occur and prices may fall to 2855, 2848, after which we can expect gold's growth to resume.
OANDA:XAUUSDLong
by Bentradegold
4
GBPUSD → Attempting a trend change. 1.257 - triggerFX:GBPUSD is trying to take a chance for a trend change amid the dollar correction. The price is testing consolidation resistance for a breakout On the daily timeframe, the price is consolidating above the previously broken trendline and the attempt to break the resistance is generally indicative of the market sentiment. A dollar correction could favor the pound if the index breaks 107 and heads towards 106-105. Technically, the focus is on 1.257, a key resistance trigger. A break and price consolidation above this zone could trigger a rally. Resistance levels: 1.2575, 1. 2718 Support levels: 1.250, 1.2377 I do not exclude the possibility of a retest of 1.250 support in order to accumulate liquidity before further growth. The dollar is likely to continue its correction after Trump's and Powell's comments on rate cuts Regards R. Linda!
Long
by RLinda
2
AUS200 Wave Analysis – 13 February 2025 - AUS200 broke strong resistance level 8530.00 - Likely to rise to resistance level 8700.00 AUS200 index previously broke the strong resistance level 8530.00, which has been reversing the index from the start of December. The breakout of the resistance level 8530.00 accelerated the active impulse wave 3 of the higher order impulse wave (3) from the start of this year. Given the strong daily uptrend, AUS200 index can be expected to rise to the next resistance level 8700.00, which intersects with the daily up channel from December.
TRADENATION:AUS200Long
by FxProGlobal
Broadcom - This Chart Is Just Splendid!Broadcom ( NASDAQ:AVGO ) is starting the rejection: Click chart above to see the detailed analysis👆🏻 For the past decade, Broadcom has been trading in an obvious rising channel formation, perfectly rejecting the upper resistance as well as the lower support trendline. With the recent weakness, Broadcom is now preparing for a clean rejection away from the major reversal area. Levels to watch: $250, $150 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AVGOShort
by basictradingtv
8
ETH Mega bullish pattern revealed !Stay tuned traders 🐺 Something big is unfolding on the ETH chart. 📈🔥 As you might know, the falling wedge pattern is usually bullish, but what makes it MEGA bullish? Let me explain: If the price gets back into the falling wedge, it shows a clear bear trap , especially when this happens in the support area . As you can see, the price is already in a huge support zone at the lowest Fib levels (0.88 - 0.86). In my opinion, if ETH gets back into the pattern and closes a candle above it, then with 100% certainty, the price will surge —at least to the downward-sloping purple trendline, which is also a strong and very important resistance level! This is very possible because if you already follow me , you’ve probably read my ideas about the BTC.D situation , which I want to take a quick look at again. 👉 BTC.D is currently sitting at a very high level around 60% - 61%, which is extremely high and historically signals the beginning of a massive Altcoin Season! 🚀🔥
Long
by Kiu_Coin
BTC update 120k soonBTC has been in a horizontal range not really providing and new status for a few weeks. BBWP just fired on the low volatility and stochastic RSI is fully reset. 120k is the the first target for the impending bullish setup, this is for March 31st. A more bullish target is 137k. The purple line the the momentum trend from 20k price levels. My plan: I buy 10$ of BTC every day including weekends. I have a sizeable position in general. I am slowly buying Mara Calls for March expiration as a risk on bet
BINANCE:BTCUSDLong
by Apollo_21mil
EURO - Price may leave pennant and then start to declineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to decline inside a falling channel, where it at once broke $1.0430 level. In channel, price declined to $1.0250 level and then tried to grow, but failed and dropped lower $1.0250 level to $1.0175 points. After this, price started to grow in rising channel, where it rose to $1.040 points, breaking two levels. Then Euro exited from a rising channel and started to decline inside pennant, where it soon made a strong gap. Next, price rose to resistance line of pennant, after which corrected, making a second gap and rose back. Possible now, Euro can exit from pennant, rise almost to resistance level, and then fall to $1.0275 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
GOLD - Price can make correction move to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price started to grow inside a rising channel, where it soon reached $2695 support level. Next, price made a small correction and soon broke this level and continued to move up inside rising channel. Later Gold corrected to support line and some time grew near this line, after which bounced and rose to $2880 level. Soon, price broke this level too, and continued to grow to resistance line of channel, after which corrected. After this movement, the price continued to grow, so, I think that Gold can rise a little more and then start to fall. In my mind, XAU can decline to $2865 points, which is located inside the support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
2
GOLD → The northbound train is ready to move onFX:XAUUSD is back in trend after a news (inflation) shakeout. The northbound train can continue its journey from station 2908. Initial Jobless Claims and PPI ahead Prices are supported by uncertainty around Trump's tariffs and US economic data. The Fed remains hawkish due to rising inflation, which raised bond yields and briefly drove the gold price down to $2,865. However, buyers quickly returned, driving the price back up again. The market is waiting for PPI data that could influence Fed policy, but the decline in gold prices is likely to be limited due to trade risks The price is consolidating in the buying zone relative to the important 2900 - 2908 point. If bulls hold their defenses above 2908, gold could update ATH in the medium term Resistance levels: 2920, 2929, 2942 Support levels: 2908, 2902 Emphasis on key levels. Gold may test 2908 support before rising further. Also the emphasis is on 2918 - 2920. A price consolidation above this zone will also support the price Regards R. Linda!
FX:XAUUSDLong
by RLinda
5