Parallel Channel

EURUSD: Downtrend Continues as Channel Resistance Holds Hello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded inside a broad consolidation range after breaking below a major downward channel. Following a temporary recovery, price formed a rounding top pattern near resistance, signaling weakening bullish momentum and a potential trend reversal. Currently, EURUSD is trading below the 1.1450 Resistance Zone while holding above the 1.1370 Support Zone. A recent breakout below the consolidation structure triggered a new bearish leg, and price continues to move inside a well-defined descending channel, confirming that sellers remain in control. My Scenario & Strategy As long as EURUSD remains below the 1.1450 Resistance Zone and continues to respect the descending channel structure, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1370 Support Zone (TP1). However, if EURUSD breaks above the resistance zone and exits the channel to the upside, the bearish outlook would weaken and a deeper recovery could develop. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

BTCUSDT: Ready for Another Push Higher? 66K Resistance in Sight Hello everyone, here is my breakdown of the current BTCUSDT setup. Market Analysis BTCUSDT previously traded inside a well-defined descending channel, where sellers dominated the market and pushed price steadily lower. After breaking below several key support levels, the decline accelerated before buyers finally stepped in near the local bottom and triggered a strong recovery. Currently, BTCUSDT is trading above the 63,600 Support Zone while remaining below the 66,000 Resistance Zone. Following the breakout from the descending channel, price formed an ascending channel and continues to print higher lows, signaling that bullish momentum remains intact. The latest pullback found support near the lower boundary of the channel, where buyers are attempting to regain control. My Scenario & Strategy As long as BTCUSDT remains above the 63,600 Support Zone and continues to respect the ascending channel structure, the bullish scenario remains valid. A bounce from current levels could push price toward the 66,000 Resistance Zone (TP1). However, a breakdown below the support zone and channel support would weaken the bullish outlook and increase the risk of a deeper correction. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

Gold Locked Inside Descending Channel - FVG Hunt Before Weekend The Gold market (XAUUSD) enters the final session of the week under prolonged technical pressure, with bears firmly maintaining full custody of the higher-timeframe order flow. As the market transitions into Friday, trading desks are navigating a unique macroeconomic landscape marked by the US Juneteenth holiday. With major Wall Street banking institutions and equity markets closed, the market is experiencing a structural liquidity vacuum. During such holiday sessions, retail sentiment often becomes highly vulnerable as institutional market makers withdraw their active books. Instead of heavy fundamental driving forces, the intraday price action is completely governed by automated algorithmic execution. These trading algorithms are systematically targeting localized structural inefficiencies and resting sell-stops, pushing bullion deeper into discount matrixes before the weekly closing bell rings. Key Levels • Channel Resistance: Dynamic trendline • Current Price: 4,158 • FVG Target: 4,120 • Major Demand Zone: 4,040 Bearish Scenario As long as price stays below channel resistance, the path toward the 4,120 FVG remains open. A clean break lower could expose the 4,040 demand zone. Bullish Scenario Thin holiday liquidity can create violent short squeezes. If buyers defend the FVG area and reclaim structure, a sharp rebound toward channel resistance may follow. Gold is approaching a major decision zone. Will smart money fill the 4,120 imbalance first, or trap late sellers before the weekly close?

by CaptionGold_Trader

XAUUSD (H1) | Breakdown Loading or Short Squeeze Ahead?Gold starts the week under pressure as price continues to respect a well-defined descending channel on H1. With no major economic data on the calendar, technical flows and liquidity hunts are likely to dominate short-term price action. Analyzing the structural alignment on the H1 timeframe, the price action is perfectly respecting the geometry of the Descending Channel boundaries. The core price coordinates on the layout include: Disabled Overhead Zone: The historical distribution block acting as the ultimate trend invalidation ceiling for near-term buyers. Major Resistance (Channel Pivot Floor): 4,220.000 – A critical horizontal supply layer and dynamic channel confluence where the recent technical rebound faced an aggressive institutional rejection. Immediate Psychological Support: 4,128.000 – The localized structural swing low baseline where short-covering algorithms might offer minor temporary consolidation. Major Liquidity Target (Demand Floor): 4,032.560 (demarcated by the bottom blue baseline) – The primary downside destination and ultimate liquidity pool where massive institutional buy-stops are heavily clustered. Bearish Scenario As long as price remains below 4,220, sellers maintain control. A break below 4,128 could open the path toward the 4,032 liquidity target. Bullish Scenario If buyers defend the current support zone and trigger a short-covering rally, gold could rebound toward the upper channel resistance. The structure remains bearish, but low-liquidity conditions often create the biggest traps. Will gold break down toward 4,032, or squeeze late sellers before the next major move?

by CaptionGold_Trader

CRUDE OIL (WTI): Another BoS WTI Crude Oil violated another daily support, closing below 73.46 level. The next strong support is 70.5 With a high probability, it will be reached soon. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

by VasilyTrader

GOLD - A correction before the decline continues toward 4000 ICMARKETS:XAUUSD continues to decline and print new lows under pressure from three key factors: a strong U.S. dollar, a weak fundamental backdrop, and ongoing geopolitical uncertainty. In the medium term, the market may remain under bearish control. Sellers continue to dominate. The dollar remains strong, while expectations of a Federal Reserve rate hike continue to pressure gold as a non-yielding asset. Any rebound is likely to be viewed as an opportunity for fresh selling. Key catalysts ahead include PMI data releases and developments in the Middle East. Drivers: Downside: a stronger dollar, hawkish Fed expectations, persistent geopolitical uncertainty, and strong PMI data. Upside: progress in negotiations, a dovish Fed signal, weak PMI data, and profit-taking on long dollar positions. Resistance levels: 4170, 4210 Support levels: 4123, 4050 A retest of the trading range support is developing. The market is testing 4123 within the current distribution phase, and there is a high probability of a corrective move toward the liquidity zone before another decline. A short squeeze into the 4160–4170 area could trigger a further move lower toward 4050. Best regards, R. Linda

EURUSD: Breakdown Confirmed – Support Becomes the Next Target Hello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD has been trading inside a well-defined downward channel, where sellers continue to maintain control through a sequence of lower highs and lower lows. After breaking below a previous support area, price attempted several recoveries, but each rally was rejected near channel resistance, confirming the bearish trend. Currently, EURUSD is trading below the 1.1490 Resistance Zone while holding above the 1.1410 Support Zone. A recent breakout below a short-term consolidation structure accelerated selling pressure, and the latest rebound appears to be a corrective retest of former support, now acting as resistance. My Scenario & Strategy As long as EURUSD remains below the 1.1490 Resistance Zone and continues to respect the downward channel structure, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1410 Support Zone (TP1). However, if EURUSD breaks above the resistance zone and exits the channel to the upside, the bearish outlook would weaken and a larger recovery could develop. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

Bitcoin Roadmap: Breakdown First, Reaction Next Before diving into the 4-hour Bitcoin ( BINANCE:BTCUSDT ) chart, let’s quickly run through the fundamental analysis. Please stay with me Bitcoin Fundamental & News: 1. U.S.–Iran Roadmap Agreement — The Main Macro Catalyst The most important development was the reported agreement between the U.S. and Iran on a roadmap toward a final deal within the next 60 days. This reduced geopolitical risk significantly, with the Strait of Hormuz expected to remain open and oil prices falling below $80. Lower oil prices are generally positive for global inflation expectations and risk assets. Asian equities and traditional markets reacted positively, but Bitcoin showed a classic “buy the rumor, sell the news” reaction. BTC initially spiked above $67,000 on the rumor, but after the official confirmation, it rejected and dropped back toward the $64,000 area. 2. Continued Outflows From Bitcoin ETFs The second major bearish factor remains the persistent outflow from spot Bitcoin ETFs. Bitcoin ETFs reportedly recorded their sixth consecutive week of outflows, with around $227 million leaving the market between June 14 and June 18 alone. Overall, June has been a weak month for institutional flows, and these ETF outflows remain one of the main reasons Bitcoin has struggled to hold higher levels despite positive macro headlines. 3. Other Important Bitcoin Developments On-chain activity is starting to improve, according to CryptoQuant, which may suggest that selling pressure is gradually weakening and accumulation is slowly returning. Franklin Templeton also filed for a new Bitcoin-related DRIP ETF structure, designed to reinvest dividend income into BTC exposure. Meanwhile, Bitcoin developers continue to discuss improvements around RBF, or Replace-by-Fee, which could improve transaction flexibility and fee management on the network. ---------- Now, let’s get into the technical analysis on the 4-hour timeframe. Currently, Bitcoin seems to have broken the support zone($64,760-$63,720) and the lower line of the ascending channel, and is now completing a pullback toward these levels. From an Elliott Wave perspective, this suggests that main wave 4 might have completed after breaking the lower line of the ascending channel, and we could anticipate further downside in the coming days. Additionally, with the DXY Index ( TVC:DXY ) and U.S. 10-Year Government Bond Yield ( TVC:US10 ) both on upward trends, and considering the likelihood of a bearish S&P 500 ( FX:SPX500 ), these factors could all support further downward pressure on Bitcoin in the short term. I expect Bitcoin, in the coming hours, to potentially drop toward the Cumulative Long Liquidation Leverage($63,020-$62,700). Bearish momentum is strong; we might even see a test of the support zone($62,000-$60,750). Cumulative Long Liquidation Leverage: $62,160-$61,720 Cumulative Short Liquidation Leverage: $68,3700-$67,000 Cumulative Short Liquidation Leverage: $65,530-$64,880 What do you think about Bitcoin? Will it drop below $60,000, or not? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥If you find it helpful, please BOOST this post and share it with your friends.

EURUSD Technical Analysis: Can Sellers Push Price Toward 1.1420?Hello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. EURUSD has been trading inside a well-defined descending channel, where sellers continue to control the market through a series of lower highs and lower lows. After several rejections from channel resistance, price broke below a key support area and extended its bearish move. Currently, EURUSD is trading below the 1.1490 Seller Zone while holding above the 1.1420 Buyer Zone. A recent breakout beneath channel support confirmed renewed selling pressure, while the latest rebound appears corrective. The fake breakout near support highlights the importance of the current demand area. As long as EURUSD remains below the 1.1490 Resistance Level, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1420 Support Zone (TP1). Please share this idea with your friends and click “Boost” 🚀

BTCUSDT Retests Major Buyer Zone – Can Bulls Recover?Hello traders! Here’s my technical outlook based on the current BTCUSDT (1H) chart structure. BTCUSDT previously traded inside a consolidation range before breaking below support and extending its bearish move. After reaching a local bottom, price reversed higher and formed a broad ascending channel, confirming a recovery phase. However, buyers lost momentum near the upper boundary, leading to a fresh breakdown. Currently, BTCUSDT is trading near the 61,800 Buyer Zone while remaining below the 66,000 Seller Zone. The recent break below channel support accelerated selling pressure and pushed price back toward a major support area. As long as BTCUSDT remains above the 61,800 Buyer Zone, a short-term recovery scenario remains valid. A bounce from current levels could drive price toward the 66,000 Resistance Zone (TP1). Please share this idea with your friends and click “Boost” 🚀

SOLUSDT - Hunting for liquidity before the fall BINANCE:SOLUSDT continues to develop a countertrend correction aimed at building momentum before a potential decline. The market remains under pressure from sellers The cryptocurrency market, led by Bitcoin, remains in a global bearish trend, within which a countertrend correction is developing. This move appears to be focused on hunting liquidity before another leg lower. SOL is advancing toward the key area of interest at 76.0–76.6. The focus remains on the current 67.9–76.0 range. The countertrend correction may conclude with a short squeeze into the area of interest, which could trigger a reversal and a decline toward 72.2–67.9, the next key zones of interest Resistance levels: 76.06, 76.63 Support levels: 72.26, 67.9 A false breakout above the range resistance could create a potentially attractive setup within both the local and global bearish trends. Consolidation below the trigger level may lead to further selling pressure toward the key support zones Best regards, R. Linda

GOLD - A pullback toward the liquidity zone before the drop FX:XAUUSD remains in a corrective phase and may continue its recovery toward the liquidity zone The metal is facing strong pressure from a combination of three factors: the Fed's hawkish shift (with markets pricing in an 87% probability of a December rate hike), record ETF outflows ($8.1 billion over the past three months), and a decline in the geopolitical risk premium following the signing of the U.S.-Iran memorandum. Key catalysts for the coming week: - Core PCE data (the Fed's preferred inflation indicator) on Thursday - Developments in U.S.-Iran negotiations following the cancellation of the Geneva meeting - Comments from Federal Reserve officials and any signals regarding the timing of a potential rate hike Resistance levels: 4181.5, 4210, 4220 Support levels: 4123, 4052 Gold remains in a corrective phase. The market may continue its move toward the liquidity zone. A short squeeze into the 4210-4220 resistance area could shift the imbalance back in favor of sellers and trigger another decline within the broader bearish trend. The fundamental and geopolitical backdrop remains unstable. Gold continues to face pressure from the global bearish trend and a strong U.S. dollar Best regards, R. Linda

XLM. Days after DTCC.a classic global three-point channel with multiple mid-channel touches during the formation period, indicating validity and extremes that serve as points of attraction and determine the medium-term trend locally, the price forms an equilateral triangle with possible price exits in both directions, however, the empirical priority downwards remains - through a false breakout, an exit to the top of the channel the reference points for assessing the probable downward movement are the previous sideways movement and, as a result, the probable decline may amount to 20%

BTC Reaches First Target — Can 64,890 Hold?#BTC/USDT 4H Hello, traders! On Friday, I outlined two likely targets for the weekend — 64,890 and 67,600. Yesterday, price reached 64,733, missing the first target by just $157, but today the 64,890 target has finally been hit ✅✅✅ I also highlighted 67,600 as the second potential target, but the situation there remains less convincing ❌ Today's breakout above 64,890 during the U.S. session looked promising and was supported by strong momentum, but so far buyers have failed to secure a solid hold above the level. ❗️❗️❗️If price cannot reclaim and hold above 64,890 within the next few hours, the probability of a move back toward the lower boundary of the current range at 62,500 will increase. 🎓 An additional support zone and potential area for a local reversal sits around 64,050, where both the 100 EMA and 200 EMA on the 1-hour timeframe are currently located. These moving averages are not particularly significant levels on their own, but price has reacted to them several times over the past 24 hours. As long as that reaction continues, a local bounce from this area remains possible. Peace!

by inchartswetrust

BTCUSDT Long: Bounces from Channel Support – Bulls Target 67K Hello traders! Here’s my technical outlook based on the current BTCUSDT (3h) chart structure. BTCUSDT previously traded inside a descending channel before reversing from a major pivot point and breaking above resistance. Price then entered an ascending channel, confirming a shift toward bullish momentum. A breakout above previous resistance was followed by renewed buying pressure. Currently, BTCUSDT is trading below the 67,000 Supply Zone while holding above the 63,700 Demand Zone. Recent pullbacks into support appear corrective, while buyers continue to defend the lower channel boundary. As long as BTCUSDT remains above the 63,700 Demand Zone and respects the ascending channel support, the bullish scenario remains valid. A bounce from current levels could push price toward the 67,000 Supply Zone (TP1). Manage your risk!

by heniitrading

EURUSD Tests Buyer Zone After Breakdown – Rebound Toward 1.1530?Hello traders! Here’s my technical outlook based on the current EURUSD (2H) chart structure. EURUSD previously traded inside a broad consolidation range before breaking below support, confirming a shift toward bearish momentum. Price then formed an ascending channel, but buyers failed to maintain control near the upper boundary. Currently, EURUSD is trading near the 1.1470 Buyer Zone while remaining below the 1.1530 Seller Zone. A recent breakdown below the channel support and resistance area accelerated selling pressure and pushed price back to a key support zone. As long as EURUSD remains below the 1.1530 Seller Zone, the bearish scenario remains valid. However, a short-term rebound from the 1.1470 Buyer Zone could drive price toward the 1.1530 resistance level (TP1). A breakout above resistance would weaken the bearish outlook and signal a stronger recovery. Please share this idea with your friends and click “Boost” 🚀

Descending channel breakout.OKTA has been correcting inside a descending channel since May 2025. It has finally broken out and crossed EMA 200. It is likely going to continue the rally and hit 97 and test the gap near 112 initially. A pullback/retest of breakout near 80-82 will be a good entry point. This long swing is valid as long as it stays above 77 on daily closing basis.

Breaks out of falling wedge As I posted previously, PLATINUM has been moving in a falling wedge, after hitting a high 2914. With a recent bounce from 1745, it broke out of the wedge. Now it is staying side-ways for a while, respecting the ascending channel it broke previously. I would expect it to come to the buying area marked (1880-1990 range) and then start its journey towards the wedge target marked. Some intermediate levels to look for 2240,2430. Final target 2800.

NZDUSD: Breakout And Retest, Sell Continuation NZDUSD recently broke below the support consolidation level. the pair have been on horizontal ranging for couple of weeks, in respect of the structure. price is having a little pullback of breakout, as we anticipate a more bearish drop. A clear reverse after the retest, activates sell position down to 0.5713, as next potential bearish. Thanks for reading.

by Blaisefxacademy

Descending Channel and Corrective Wave Completion The Euro against the US Dollar is presenting a highly structured corrective framework on the 1-hour chart. Price action is respecting clear geometric boundaries, pointing to a prolonged consolidation phase before the next major structural expansion. Technical View: Looking at the setup mapped in the chart, the pair is locked within a defined descending parallel channel. Within this channel structure, price has carved out a textbook Elliott Wave corrective sequence labeled (A)-(B)-(C)-(D)-(E). The price action has just tested the upper descending resistance line to finalize Wave (E), signaling that upside momentum within the current consolidation is exhausting. The Goal: I am expecting the pair to trend strictly between these channel boundaries, using the descending ceiling to rotate back downward. The primary objective is a complete bearish rotation through the channel to test the major macro horizontal support floor anchored down at the 1.14100 handle. #EURUSD #Forex #ElliottWave #DescendingChannel #CorrectiveStructure #TradingView #TechnicalAnalysis This is for educational and research purposes only and does not constitute investment advice.

by KhoraCapital

MORPHO. 10%probable local short within a local descending channel on daily, considering that the entire market is longing and a cooling squeeze may occur - a local game against is taking place and it is taking place structurally

Micron- MU The Never-Ending Gift +20% Potential Setup Micron's price action has been trading inside an ascending channel, which suggests that the upper boundary of the channel could act as a potential price magnet once again. Trade Idea The ideal setup would be a retest of the $1090 support level (white horizontal line) followed by a strong bounce and confirmation of buyers stepping in. A successful bounce from this area could provide a great entry opportunity with a tight risk level. If the trade develops well and momentum remains strong, I believe $1350 is a reasonable target for a multi-day hold. Key Levels To Watch • $1090 — Critical support level. Losing this area would invalidate the bullish setup. • $1053 — Stop-loss level. • $1300–$1350 — Target zone. One important note: If MU gaps higher, I wouldn’t chase the move. A gap up would put the price closer to the middle of the range, reducing the risk/reward profile and making the setup less attractive. Patience for the right entry is key.

EUR gain to 1.1560 EURUSD touched the channel support yesterday and has since stopped dumping, with price reacting well to the upside. A continued pump and rise is now expected. The first target is at least 1.1550, which is near the channel resistance level. Learn this: In a channel structure, the most common and reliable trade is to buy at support and sell at resistance. This is called range trading. The channel gives you a clear framework for both your entry and your target. As long as the channel structure remains intact, you can continue to use these levels for your trades. So the plan is clear. Support held. Price is rising. Target is the channel resistance near 1.1550. Monitor price action as it approaches this level to see if it breaks out or gets rejected again.