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Reistance

Time for a EURUSD Correction, eyeing the 23.6 Fibonacci Following the completion of the bullish Pennant pattern, the EURUSD's upswing appears to have peaked just below the Resistance Area (in green). The significance of the latter stems from the fact that it outlines the previous swing high. This is what gives prominence to the expectations for a bearish correction. The first major test for such a correction is encompassed by the 23.6 per cent Fibonacci retracement level at 1.19429. If the price manages to break down below it, then the next target would be the major support level at 1.19000. The deepest target is represented by the 1.18400 support. As regards the underlying fundamentals currently in play, the market seems to have already priced in the U.S. inflation data from yesterday, which supports the expectations for the emergence of a bearish correction.
Short
by Trendsharks
UMAUSDT (Waiting for the resistance zone breakout)UMAUSDT (Day CHART) Technical Analysis Update Waiting for the resistance zone breakout UMA/USDT currently trading at $12.36 Buy-level: Above $13.40 (Only if 4 h candle close above resistance zone at $13.40) Stop loss: I will update once I see the breakout Resistance level 1 (Target 1): 16.25 Resistance level 2 (Target 2): $19.84 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and comment your thoughts.
Long
by GreenCryptoTrades
6
KNCUSDT (Expecting big up move after resistance zone breakout)KNCUSDT (4h CHART) Technical Analysis Update Waiting for the resistance zone breakout KNC/USDT currently trading at $0.1.30 LONG Entry level: Above $1.32 (only enter long after 4-hour candle closes above resistance zone at $1.32) STOP LOSS: $1.125 Resistance level 1 (Target 1) : $1.50 Resistance level 2 (Target 2) : $1.80 Resistance level 3(Target 3) : $2.00 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and comment your thoughts.
Long
by GreenCryptoTrades
6
BITCOIN IN SHORT-TERM TROUBLE? TWO RESISTANCES HITIf you’re long in Bitcoin, beware. Two big resistances are both being hit at the same time. First there’s the 2019 high. Secondly, we hit the upper limit of the upward channel since march. My advice would be exiting your short- and medium-term investments and look for a new buy-in around $12,000. I’m still long-term bullish on Bitcoin. ................................................................................................................................................................... If you like this analysis, please like, subscribe and comment. ...................................................................................................................................................................
Short
by FieryTrading
XAUUSD Short: 4HR Analysis I typically trade Gold on 1HR & below but this 4HR set up caught my eye Confluences: - Rising Wedge - Clear Downtrend - At an area of resistance - Trend Meets Resistance Ways to Enter: Conservative: Wait for price to close below that last area of support (1901.251) then enter. Aggressive: Have a sell limit at resistance area or sell once price reaches resistance area. LIKE, COMMENT, and FOLLOW *tell me what you think of the idea and tell me if you took it :)*
OANDA:XAUUSDShort
by aleasewell
2
USDJPY can break the daily resistance? 🦐USDJPY is trading near to an important structure at 105.300. The price broke below but found support over the ascending trendline of the channel. IF the market will break back above the structure we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
7
USDCHF - Back at ResistanceHooray, price is now back at the previous resistance level, I see signs of bulls, let's all buy and make millions, HELL NO! Understand how the market works and how banks manipulate retail. I have drawn a path as to what i think may happen next. I expect a push below the resistance level to gather liquidity before the intended move to the upside. We may not even see this at all we may just see a total disregard to the resistance level and a sell off, time will tell. COT Data - 61% Long
by AlkalineFX
AUD/JPY Week of 09/13 - Neutral BullishHere is my analysis for the week of 09/13/2020 for both a buy and sell scenario. I'm biased to the long scenario and breakout of multi-year channel. However, I'm aware that price has been coming into strong resistance and this will need a strong push up. Price is currently forming a bull flag so that could help deliver some energy to the upside. This is neutral for me (waiting on the sidelines) under the high probability setups occur that I have marked.
by XYZ-Trader-
#Bitcoin - Ascending triangle updatein my last post, i mentioned it's too early for us to know Now we know!! more I am trading & charting I am starting to understand both Support & resistance are not A SINGLE LEVEL but actually Zones!!, right now we are at the resistance & if we reject here I am HOPING THAT fibs will hold & trendline support as well. Once we break & close above the red box we will go up for sure, I have my long bids waiting around 11800 for a long position of broken triangle I AM ALSO HEDGING A SHORT HERE after 4hr candle close, it is just incase support doesn't hold & we breakdown, either way, it will be still 200$ scalp if things go as my plan
BITMEX:BTCUSD.P
by Bromadic
#Bitcoin Long term Plan! - updated entries this is an update for the previously posted plan my thinking was that we will retrace however we have already broken out & weekly candle has been closed successfully above the resistance trendline. so based on triangle breakout I will try to average down my entry for the long term, remember this is not for leverage trade (though you can just use 2-5x leverage & have post only clicked that way you won't pay a ton of fees if you held the position till 2022) there is also another possibility on Log chart as posted here of possible ascending triangle - so if you are still not sure this is not a fakeout you can wait for a BODY CLOSE (Not wick full candle close) above 13800$ My entries - 10500 - 25% 10250 - 25% 10000 - 25% 9750 - 25% Stop - I will exit the trade if we have 3D candle close below 9500 (not putting stop currently because of scam wicks) you can track the triangle here on 3D chart - #notfinancialadvisor #DoYourOwnResearch
Long
by Bromadic
Final push higher before large correctionHello Traders, Silver could be set for another small push higher to finish wave 5 before a large corrective structure lower. This also falls in line with the DXY index. The DXY could be set for another leg lower before a corrective structure higher. Metals have continued to dominate across the board including gold and copper. The could face profit taking and selling pressure at the next resistance zone. Silver is coming into a major resistance at 19.60. Be careful buying at these peaks! It could be beneficial to wait for the 5th wave to complete and look for shorts. Any thoughts or comments please let us know
TVC:SILVER
by Trading_Tony
EURAUD PATIENTLY WAITING! EURAUD 1HOUR TF So here is something I am waiting for to come back and test the retracement on the fib retracement! I am not going to be holding my breath here as this could still continue with the downtrend and not retrace!! or we could see a swing trade happen when it breaks out of my trendline retest the trendline on the 50% fib level and see it go for 1:12 RR When will I take sells! Retest Trendline Bearish candle exhaustion -- Breaks trendline comes back in the trendline zone - resistance holding it down with trendline!
Short
by theexchangefx