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Parallelchannels

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
SANDUSDT...buy and hold on this price..hello guys sand in long-term formed in ascending parallel channel that once break down and move as wide as last channel. in mid-term formed on descending parallel channel that move between top trend and middle line of channel. in yellow triangle both of that approach match with each other and make that area very potential for long position. always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment. BE PROFITABLE
Long
by melikatrader94
5
⭕Best BUY & SELL areas AUDUSD in One hour time frame🔥💣🔰You can see analysis of Australian dollars in US dollars in one hour time🔍 ✴️As is evident from the image, the price is moving in a parallel descending channel (purple💜). The areas of supply and demand are marked in the picture. Due to the presence of the price in the demand area, if the price can break the downtrend line (black🖤 line) upwards, you can buy in Pullback and the price can climb to the demand area ❗❗ If the price falls to the bottom of the current demand area, it can fall to the nearest demand area🧐 In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
[08/23] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis Bitcoin continues to flow in a similar way, so today I'm going to give a briefing on the Ethereum chart. First, you can find parallel channels formed up and down at the high point, where the resistance is valid without breaking the resistance line, and the lower line was originally a support line, but a strong drop broke the support line. After that, it's changed to resistance. Therefore, the line at the bottom is likely to be the first trend resistance line, and the line at the top is likely to be the second trend resistance line. If you look at the Elliott wave, you can see that it's coming out in a much cleaner wave than Bitcoin. First, it is clear that it has come down as a downward impulse like Bitcoin. However, it seems that the standard shape of impulse waves is coming out, such as a picture with three waves expanded more neatly than Bitcoin, the return of four waves reaching 0.236, and converging without breaking the low point at four waves. First of all, I think it's a convergence section of four waves, and after convergence, I think I'll renew the low point once again.
Short
by BeastTrading_Sehyun
⭕Best BUY & SELL areas EURUSD 💣🔰You can see the analysis of euros in US dollars in a two-hour time frame (EURUSD _ 2H)🔍🧐 ✴️As is evident from the image, the price is moving in a descending parallel channel (black🖤 channel). After breaking the bullish parallel channel (purple💜 color) in the main bearish parallel channel (black🖤 color) the price has fallen to the DEMAND💛 range. The price can rise up to its SUPPLY💛 range as specified in the picture❗❗ However, if it breaks the DEMAND💛 range downwards, it can descend to the bottom line of the downtrend channel and the 1.618 Fibonacci retracement range (orange🧡) drawn from the A_B point❗🧐 In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET