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Support_and_resistance

COPPER Approaching Key Resistance — Potential Sell SetupPEPPERSTONE:COPPER is approaching a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in. The current market structure suggests that if the price confirms resistance within this zone, we could see a pullback toward the 4.7100 level, a logical target based on previous price behavior and current market structure. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
PEPPERSTONE:COPPERShort
by TrendDiva
21
AUDCAD Approaching Key Resistance — Potential Sell SetupOANDA:AUDCAD is approaching a key resistance zone, highlighted by strong selling interest. This area has historically acted as a supply zone, increasing the likelihood of a bearish reversal if sellers step in. The current market structure suggests that if the price confirms resistance within this zone, we could see further downside movement. A successful rejection could push the pair toward 0.90700, a logical target based on prior price behavior and the current structure. However, if the price breaks and holds above this resistance, the bearish outlook may be invalidated, potentially leading to further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
25
NZDJPY at Key Support Level - Rebound Towards 87.300?OANDA:NZDJPY has reached a significant support zone, highlighted by previous price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bounce if buyers step in. The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward the 87.300 level, a logical target based on previous price behavior and current market dynamics. Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
20
AMAZON at Key Support Level – Rebound Towards $230?NASDAQ:AMZN is currently in a corrective phase after rejecting from the upper boundary of the ascending channel. The price has now reached a key support level within the channel, which aligns with a significant demand zone. The confluence of the support level and the channel's lower boundary increases the probability of a bullish reaction at this point. If buyers step in, the price could rebound and target the $230.00 resistance level, which represents a logical area within the current market structure. However, if this support zone fails to hold, a deeper retracement toward lower levels within the channel could occur, invalidating the bullish bias. This setup reflects the potential for a recovery after the recent decline, supported by historical price action and the channel's structure. If you have additional insights or thoughts, feel free to share them!
NASDAQ:AMZNLong
by DanieIM
98
COCOA Nearing Major Support - Rebound Towards 9,000$?PEPPERSTONE:COCOA is approaching a significant support zone. This area has consistently acted as a key level where buyers have stepped in, leading to notable reversals in the past. The current move suggests the potential for a bullish reaction if price action confirms rejection through signals such as bullish engulfing candles, long lower wicks, or increased buying volume. If the support holds, I anticipate a move upward toward the 9,000 level, aligning with the expectation of a short-term reversal. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, potentially opening the door for further downside. Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Proper risk management is advised to navigate potential volatility. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
PEPPERSTONE:COCOALong
by TrendDiva
13
USOIL at Critical Support – Rebound Toward 73$?TVC:USOIL has reached a major demand zone, an area that has historically acted as strong support. This region has previously triggered sharp rebounds, making it a key level to watch for a potential bullish reaction. The recent sell-off has pushed the price deep into this zone, and early signs of rejection could indicate that buyers are stepping in. If support holds, we could see a recovery toward $73, aligning with a corrective move. However, if price fails to hold and breaks decisively below this zone, it would signal continued weakness, opening the door for further downside, possibly targeting the next support area. Traders should wait for confirmation, such as bullish price action, increased buying volume, or key reversal patterns before committing to long positions.
TVC:USOILLong
by DanieIM
16
S&P 500 Reaches Major Support – Will Buyers Take Control?SP:SPX is experiencing a corrective move after rejecting from the upper boundary of the ascending channel. The price has now reached the lower boundary of the channel, aligning with a key demand zone. This confluence of trendline support and horizontal demand increases the probability of a bullish reaction from this level. If buyers maintain control at this level, we could see a rebound toward the 5,936 level, which aligns with the midline of the ascending channel. This level could serve as a short-term target within the current bullish market structure. However, failure to hold above this support zone could invalidate the bullish outlook, and signal further downside. Traders should monitor bullish confirmation signals, such as rejection wicks, rising volume, or bullish engulfing patterns, before entering long positions. If you agree with this analysis or have additional insights, feel free to share your thoughts here!
OANDA:SPX500USDLong
by DanieIM
40
EURUSD at Key Resistance Level – Will Sellers Step In?OANDA:EURUSD has reached a key resistance level, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in. If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.07400 level. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction. Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management.
Short
by TrendDiva
39
AUDNZD at Key Support Level - Rebound Towards 1.10100?OANDA:AUDNZD has reached a significant support zone, highlighted by previous price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bounce if buyers step in. The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward the 1.10100 level, a logical target based on previous price behavior and current market dynamics. Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
4
NZDUSD at Key Resistance Level - Will It Drop To 0.56990?OANDA:NZDUSD has reached a significant resistance zone, marked by historical price rejections and strong selling pressure. This area has previously acted as a key supply zone, increasing the probability of a bearish reaction if sellers regain control. The current market structure suggests that if price confirms a rejection from this resistance zone, we could see a potential drop toward the 0.56990 level. However, a break and close above this resistance zone would invalidate the bearish bias and could signal further upside continuation. Traders should look for bearish confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions. Do you agree with this analysis? Share your thoughts in the comments!
Short
by DanieIM
12
BITCOIN Correction in Play - Can Bulls Regain Control?COINBASE:BTCUSD is experiencing a corrective move after forming a double top near the upper boundary of the channel. The rejection from this level has led to increased selling pressure, with price steadily approaching a significant support zone around $73,000. The confluence of the trendline support and the horizontal demand zone increases the probability of a bullish reaction. If buyers step in at this level, we could see a rebound, with a potential move toward the $90,000 resistance zone. This level could act as a short-term target within the current market structure. However, failure to hold this support could signal further downside, potentially extending the retracement toward lower levels. Traders should monitor bullish confirmation signals, such as rejection wicks, increasing volume, or bullish engulfing patterns, before anticipating a continuation to the upside. If you agree with this analysis or have additional insights, feel free to share your thoughts here! 🚀
COINBASE:BTCUSDLong
by DanieIM
63
GBPNZD Bullish Continuation - Will Buyers Push Toward 2.28000?OANDA:GBPNZD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish impulse suggests that buyers are maintaining control, indicating a potential continuation toward the upper boundary. The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward 2.28000, which aligns with the channel’s upper boundary. As long as the price remains above this support zone, the bullish outlook remains valid. However, a failure to hold the support zone would invalidate the bullish scenario and open the possibility for a deeper pullback toward the channel’s lower boundary. Remember, always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
18
EURCAD Approaching Major Resistance - Correction Incoming?OANDA:EURCAD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers step in and regain control. If the price rejects this resistance, we could see a pullback toward 1.55000, aligning with a corrective move after the recent bullish rally. However, a clean breakout above this resistance zone would invalidate the bearish bias and could lead to further upside toward higher levels. Traders should monitor for bearish confirmation signals, such as rejection wicks, bearish engulfing candles, or increasing selling volume, before considering short positions. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 📉
Short
by DanieIM
16
GBPAUD Approaching Major Resistance — Potential Sell SetupOANDA:GBPAUD is approaching a major resistance zone, highlighted by strong selling interest. This area has historically acted as a supply zone, increasing the likelihood of a bearish reversal if sellers step in. The current market structure suggests that if the price confirms resistance within this zone, we could see further downside movement. A successful rejection could push the pair toward 2.03000, a logical target based on prior price behavior and the current structure. However, if the price breaks and holds above this resistance, the bearish outlook may be invalidated, potentially leading to further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
17
CADCHF Approaching Key Support – Rebound Toward 0.61890?OANDA:CADCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.61890 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines. If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
Long
by DanieIM
14
WHEAT Approaching Key Support - Will Price Rebound to 550$?PEPPERSTONE:WHEAT is approaching a key support level, an area where buyers have previously shown strong interest. The recent bearish movement suggests that price may soon be testing this level, potentially setting up for a rebound. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would strengthen the case for a move higher. If buyers step in, the price could rally toward the 550$ target. However, a decisive breakdown below this support would invalidate the bullish scenario and could lead to further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Best of luck , TrendDiva
PEPPERSTONE:WHEATLong
by TrendDiva
5
Ethereum at Key Support: Will it bounce to 2,800$?COINBASE:ETHUSD price is moving inside a clear ascending channel , with the upper boundary acting as long-term resistance and the lower boundary providing dynamic support. After a steady climb, the price started showing weakness, confirmed by a head and shoulders pattern, a common sign that the trend might reverse. This led to a strong drop, bringing the price down to a key support zone around $2,000. This support area is important because it meets with a major trendline, making it a likely spot where buyers could step in. The volume profile also shows a lot of activity in this zone, meaning traders have been interested in these levels before. If the price holds above this support, there’s a good chance it could bounce towards $2,800, which lines up with a previous resistance. A breakdown below the trendline shifts the bias bearish toward 1,414. For now, as long as Ethereum stays above the support zone, a recovery toward $2,800 is on the table. But if it falls below, the bearish trend is likely to continue. Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with solid risk management.
COINBASE:ETHUSDLong
by TrendDiva
64
BITCOIN at Key Support – Ready to Bounce to $94,000?COINBASE:BTCUSD is trading at a key demand zone, which has previously acted as strong support within the ascending channel. The recent retracement has brought the price back into this area, increasing the probability of a bullish reaction. The confluence of the support zone and the ascending trendline suggests that buyers may step in to regain control. If price confirms support within this zone, we could see a bullish continuation toward the $94,000 level, aligning with the channel’s midline and the next major resistance. However, a failure to hold this level could invalidate the bullish bias and signal a potential shift in momentum. Traders should monitor for bullish confirmation signals, such as rejection wicks, bullish engulfing patterns, or increasing buying volume, before considering long positions. A breakout above minor resistance levels along the way could further strengthen the bullish outlook. If you agree with this analysis or have additional insights, feel free to share your thoughts! 🚀
COINBASE:BTCUSDLong
by DanieIM
59
USDJPY Trending Lower - Will It Drop To 145.200?OANDA:USDJPY is currently trading within a descending channel, indicating a strong bearish structure. The price has broken below a key support zone and may now pull back for a potential retest. This level previously acted as support and could now serve as resistance, aligning with a possible bearish continuation. If sellers confirm resistance at this zone, the price is likely to move downward toward the 145.200 target. However, a failure to reject this level could indicate a potential shift in momentum. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, strong wicks rejecting the resistance zone, or increased selling volume, before considering short positions. Let me know your thoughts or any additional insights you might have!
Short
by DanieIM
27
GBPUSD at Key Resistance Level: Will it Drop To 1.26900?OANDA:GBPUSD is currently trading at a key resistance zone, where sellers may regain control. This level has been a strong area of interest in the past, suggesting the potential for another bearish reaction if sellers step in. If the price confirms rejection from this zone, a move lower toward 1.26900 is likely. However, a strong breakout above could invalidate this setup, shifting momentum back to the bulls. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have! Do you agree with this analysis? Let me know your thoughts in the comments!
Short
by DanieIM
21
GOLD Daily Analysis: Is This the Start of a Deeper Correction?OANDA:XAUUSD is moving inside a clear ascending channel, with the upper boundary acting as long-term resistance and the lower boundary providing dynamic support. Price has been respecting this channel, with multiple touches on both the upper and lower boundaries, reinforcing its structure. Recently, the price formed a double top near the upper boundary, a classic reversal signal suggesting bullish exhaustion. If the price continues to hold below this level, it could lead to further downside. The next major support is around 2,780 , which aligns with a previous support level and also falls within the golden pocket on the Fibonacci retracement, making it a significant area for a potential reaction. However, if the price reclaims the double-top region and pushes above recent highs, it would invalidate the bearish outlook and suggest another attempt to break the channel’s upper boundary. For now, the structure remains bearish, with 2,780 as the main downside target.
OANDA:XAUUSDShort
by TrendDiva
27
NZDUSD - Sell Setup at Key Resistance LevelOANDA:NZDUSD is approaching a key resistance zone, marked by previous strong price rejections. This area has consistently acted as a turning point, suggesting the potential for another bearish reaction if sellers step in. If the price shows clear signs of rejection from this resistance zone, I anticipate a move downward toward the 0.56980 level, which serves as a logical target for this setup. Conversely, a clean breakout above the resistance zone could signal a potential bullish continuation. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have!
Short
by DanieIM
7
SOYBEAN at Key Resistance Level – Will Sellers Take Control?FOREXCOM:SOYBEAN has reached a significant resistance level. This level has consistently acted as a key area of interest where sellers regained control, leading to prior reversals. If the price action confirms a rejection, I anticipate a move downward toward the 1,030 level. However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area. Proper risk management is essential, given the possibility of price breaking higher. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
FOREXCOM:SOYBEANShort
by DanieIM
7