EURUSD - Parallel channel in play!The following chart offers a closer look at the current structure of the EUR/USD pair on the 4-hour timeframe. Price action has been respecting a well-defined bearish parallel channel, which has provided clear boundaries for both resistance and support. Based on the ongoing reaction to these levels,
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Euro may correct a little and then continue to rise in channelHello traders, I want share with you my opinion about Euro. Observing the recent price action, we can map out a clear transition in market structure. Previously, the pair was contained within a well-defined downward channel, where the seller zone around the 1.1760 resistance level consistently cappe
GBPUSD → Hunting for liquidity before the fallFX:GBPUSD is forming a countertrend correction towards the liquidity zone amid a correction in the dollar. Are there any chances for a trend break?
The currency pair is taking advantage of the opportunity to test the trend resistance and consolidation amid the dollar correction. Focus on the n
Lingrid | USDCHF Corrective Move and Bearish ContinuationThe price perfectly fulfills my previous idea . FX:USDCHF is weakening after printing a lower high beneath the resistance zone and rejecting the confluence of the downward trendline and horizontal supply near 0.80079. The structure remains bearish despite short-term corrective moves, as each rall
GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
GBP/USD has broken support zone and its ascending trendline, indicating a shift in momentum.
The pair is currently in a pullback phase, retesting the broken support zone, which now acts as resistance.
Once the pullback is complete, we expect furth
EURCAD - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURCAD has been overall bearish , trading within the falling red channel and it is currently retesting the upper bound of the channel.
Moreover, it is rejecting a weekly resistance marked in blue.
📚 As per
GBPAUD's wide trading range remains intact✏️GBPAUD is trading in a wide range. After the increase on Friday, the pair is retesting the support zone breaking past resistance. And the current reaction point also coincides with the 20 SMA. There is not much momentum for the pair to break out of the wide trading range, so buying the pair to the
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