Get started

Parallel Channel

USDJPY → Attempting a trend change. Retest 149.0FX:USDJPY is testing range resistance in the rally phase caused by Friday's news - strong NFP report. The fundamental backdrop within the short-to-medium term is set... From the opening of the session a small correction is forming, the aim of which may be a retest of the support or imbalance zone and consolidation of energy before a further breakout. The market structure is locally bullish on the background of the dollar growth. The Japanese authorities are still silent about their actions to strengthen the national currency (either they think about it or don't think about it :) ), so traders are increasing JPY sales in order to buy USD. The first retest of the resistance at 149.4 failed (bounce). Emphasis on 0.5 fibo or 147.2 support from which the growth may resume... Resistance levels: 147.38 Support levels: 147.5, 147.2, 146.15 On the chart there are preconditions for the change of the local trend to a bullish one, the fundamental background is favorable for this. If the bulls will keep the defense above the support and continue to test the resistance with a breakdown target, then in the short-term-senior perspective we can catch the forging of the impulse to 152.0. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Long
by RLinda
8
$AVAXUSDT: Bullish Breakout Ahead!CRYPTOCAP:AVAX has broken out of a long-term downtrend channel and is now forming a symmetrical triangle. With exciting news like the Avalanche CRYPTOCAP:AVAX Visa Card launch for crypto payments, we’re expecting a breakout from this triangle that could lead to a significant upward move. Overall, the outlook is bullish—let's see where it goes! BINANCE:AVAXUSDT Currently trading at $27.6 Buy level: Above $27.5 Stop loss: Below $23.5 TP1: $30 TP2: $35 TP3: $40 TP4: $50 TP5: $65 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
GBPUSD: Bearish Movement ContinuesGBPUSD is currently experiencing a downward trend, with the price consistently decreasing within parallel channel on a 4-hour timeframe. Following a test of the upper limit of this channel, there was a significant negative response. The price set a new lower low today, breaking through a strong horizontal support level. This indicates a strong presence of sellers in the market, suggesting that the price is likely to continue its downward trajectory. The target price is set at 1.292.
Short
by linofx1
7
GOLD - Price can rise a little more and then start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to grow inside the rising channel, where it at once fell below $2505 level, but soon rose back. Prie made a retest, after this and continued to grow to resistance line of channel, which coincided with resistance level. After this, Gold turned around and fell to support line, and soon exited from rising channel and declined a little more. Then, price turned around and continued to move up, and later it reached $2685 level, and recently broke it. At the moment, Gold continues tp move up, and I think that price can make grow a little more and then start to fall. Gold will fall to support level, break it, and then continue to decline to $2640 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
6
Uptrend in Play or Drop Incoming? Key Price Zones!OANDA:GBPJPY Current Price: 195.150 Chart Timeframe: 1-Hour Bullish Outlook: The price tested the Ascending Channel’s lower trendline as support and is now heading toward the 196.049 target. Minor resistance at 195.714 may cause a pullback to 195.339 before the price resumes its move toward the 196.049 target. Alternatively, if the price breaks below the channel’s lower trendline, it could lead to a decline towards 193.708. Resistance Levels: • 195.714 (Minor resistance) • 196.049 (Primary target) Support Levels: • 195.339 (Expected pullback level) • Lower trendline of the Ascending Channel (Current support) • 193.708 (If the price breaks below the channel) Happy Trading!
Long
by SpicyPips
GOLD → Realization continues, risks increase!FX:XAUUSD is at its highs. The price continues to rally and update the highs from the opening of the session on Monday. No selling, but buying should be cautious! Traders are waiting for the Fed officials to speak in the nearest future. The main issues are inflation, interest rate cuts and the US economy. Optimism about Chinese stimulus, as well as ongoing tensions between Israel and Iran are supporting gold prices (In times of geopolitical turmoil, investors prefer to rush to traditional safe-haven gold prices) With each passing day, the impact of the US election race is appearing more and more. The probability of a Trump victory is rising. Trump's fiscal and trade policies are seen as inflationary and positive for the US dollar Resistance levels: 2736, 2750 Support levels: 2732, 2724, 2713 There is no news in the next few days, the fundamnetal background remains the same, so gold may continue to rise. The focus is on the nearest support zones for realization of purchases. At the moment the range 2736 - 2724 is formed Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) With Respect R. Linda!
FX:XAUUSDLong
by RLinda
13
NZDJPY → Pre-breakdown consolidation. Preparing for a rallyFX:NZDJPY is forming consolidation near resistance after retest and false breakdown. On the back of JPY decline, NZD may show upside... There is no proper price reaction to range resistance. Consolidation in the format of a descending wedge, a rather strong pattern capable of forming strong movements, is being formed. The Japanese national currency continues to update lows amid the calm of the central bank of Japan, which is waiting for something because of the rally in the dollar, as well as economic data from the United States. Any strong comments could restart the rally in the JPY, so the risk of a shakeout is quite high. But at the moment the chart is hinting at a possible upside... Resistance levels: 91.362, 91968 Support levels: 90.056 The price stops moving away from the wedge resistance at some point, forming a 12-16 hour consolidation. Most likely there will be a breakout attempt. If the bulls keep the defense above 91.0, we can catch a good upward rally in the mid term Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDJPY ;) Regards R. Linda!
Long
by RLinda
7
AEVO - Young Project With Huge Upside PotentialI did some research on newer projects in top 200 and AEVO is one of the two most bullish tokens I found. After breaking out from the descending channel and then retesting it and confirming support, it has been moving sideways and, while not technically in uptrend yet, looks ready for a reversal. BTC pair has a similar picture and is now consolidating in a falling wedge. As this is a new project, I'm expecting it to easily make a new ATH. My final target is $20 (1.618 extension) which would be around 50x from current levels.
CRYPTO:AEVOUSDLong
by function_mechanic
After Record Highs, Is Gold Primed for a Short-Term Correction?Since Tuesday, after OANDA:XAUUSD completed a brief correction following the previous week’s rally, the price has surged approximately 1000 pips from its low to high. During the Asian session last night, Gold hit yet another all-time high, though it’s now experiencing a minor pullback. While the overall trend remains strongly bullish, a correction from this level is not out of the question. The price could potentially retest the support zone formed by the previous all-time high around 2685-2690. A confirmation of this correction would come if the price clears Friday’s close, and in that case, the recent ATH could act as short-term resistance. Aggressive traders may look to take advantage of this correction, while swing traders might prefer to wait for the correction to complete and then rejoin the dominant uptrend at more favorable prices.
OANDA:XAUUSD
by Mihai_Iacob
8
Gold Long Opportunity: Descending Channel Breakout on H4I'm currently observing a bullish opportunity on gold with a descending channel formation on the H4 chart. A breakout above the channel could signal a strong reversal, providing a potential long entry. Trade Setup: Timeframe: H4 Entry: On a confirmed breakout above the descending channel Targets: First target at the 127.2% Fibonacci level (2707) Second target at the 161.8% Fibonacci level (2735) Stop-loss: Just below the breakout point or at recent swing lows, adjusted for volatility Stay alert for a confirmed breakout as price action could trigger a sharp upward move toward the Fibonacci targets.
OANDA:XAUUSDLong
by SRA_Trades
HelenP. I Bitcoin can continue to gorw inside upward channelHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to support 1, which coincided with the support zone and then started to decline. In a short time, BTC fell to support 2, which coincided with one more support zone and some time traded inside. Then, BTC tried to grow, but failed and dropped to the trend line, breaking support 2. After this, the price started to grow inside the upward channel, where it soon broke the 2nd support level again, made the correction, and later rose to support 1. When BTC reached this level, it broke it and rose to the channel's resistance line. After which price turned around and made a small correction to the support zone and then continued to move up in an upward channel. But a not long time ago price almost fell to the trend line, therefore I expect that BTCUSDT will decline a little more, and then continue to grow, thereby making a fake breakout of the channel. That's why I set my goal at 71400 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
Gold Aiming gor 2,800 by October's CloseGold (XAU/USD) is currently experiencing a strong bullish momentum, driven by fundamental factors that are supporting its price. Given the current market conditions, we do not anticipate significant pushback in the near term. On the daily chart, gold has been trading within an ascending channel since August 8, 2024. This channel is characterized by a tested lower line (support) that has held multiple times, while the upper boundary has been tested less frequently, indicating a robust upward trend. Within this ascending channel, gold has also traded in two distinct neutral rectangle ranges: - First Rectangle: $2,475 - $2,530. The price remained within this range for 22 days before breaking out, resulting in a subsequent price rise of approximately 5.5%. - Second Rectangle: $2,630 - $2,675. The price was contained within this range for 23 days. On October 16, 2024, gold successfully broke above the second neutral rectangle, signaling a potential continuation of the bullish trend. If gold continues to rise and achieves an additional 5% increase from its current levels, we could see the price target around $2,800 by the end of this month. It is important to monitor this level closely, as it may present a point of reversal or profit-taking for traders.
CAPITALCOM:GOLDLong
by XAUBanker
GOLD - History Repeating Itself...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📔I find the Gold 4H chart interesting. Do you see a pattern here? Look at the first two purple projections. Gold broke below a low (marked in red), which signaled the start of a correction. The correction was short-lived as the bulls took control again by breaking back above the red zone, triggering the next impulse phase. Currently, Gold seems to be pausing, which might indicate the start of another correction phase. 🔄If history repeats itself, to signal a new impulse movement, we first need a break below the current low around $2,625, followed by a break back above it. This projection could lead to the upper bound of the blue channel, around $2,800. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
FOREXCOM:XAUUSD
by TheSignalyst
6