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Support and Resistance

EURCAD - Sell Setup at Clear Resistance ZoneOANDA:EURCAD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to reversals. If the price confirms rejection through bearish price action, such as wicks signaling rejection, I anticipate a move downward toward the 1.49600 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. Proper risk management is essential, given the possibility of price breaking higher. This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!
Short
by TrendDiva
4
Major Multi-Year Low in for EURUSD?EURUSD has moved high enough to consider a major low in place. Wave C of (2) is an ending diagonal which means a swift rally may be looming nearby. Consider the Jan 13 low of 1.0177 as the end of wave (2)/(B) and a wave (3)/(C) rally has begun. This rally has upside targets at: 1.11-1.12 1.18 1.29 A print below 1.0258 is unexpected. Therefore, if EURUSD drops below 1.0258, then we'll need to reassess as that is not expected. Bottom line, this rally should be swift. Don't go crazy with leverage. Let the market do the work for you.
Long
by JWagnerFXTrader
RingCentral | RNG | Long at $35.17RingCentral NYSE:RNG analysis: The Good: Revenues grew every from 2017 (~$500 million) to Q3 of 2024 ($2.3 billion) and recently adjusted to a "beat" for 2024 as a whole. Gross profit in Q3 of 2024 was $1.6 billion and has increased every year since 2019 Price-to-sales: 1.3x (industry average 5.7x) Rising free cash flow EBITDA positive at $190 million in Q3 of 2024 From a technical analysis perspective, my historical simple moving average has converged with the price which often leads to a future share price increase. However, it could trade sideways for a while before breaking through. The Bad: Competition, especially Microsoft Teams and other similar products in the market reducing or eliminating growth (although, this hasn't happened just yet). Recent insider selling Debt: $1.58 billion At $35.17, NYSE:RNG is in a personal buy zone. If there is a dip in the price, I anticipate the price gap in the low $30's to be filled or in a dire situation, a drop to the mid-$20's. Targets: $40.00 $45.00 $50.00 $200.00 (if momentum kicks for a long-term outlook)
NYSE:RNGLong
by WorthlessViews
Beyond | BYND | Long at $6.00Beyond NYSE:BYON . The bad: Highly speculative play. Currently unprofitable and not forecast to become profitable over the next 3 years. Has less than 1 year of cash runway. The good: Insider buying below $10 (especially in the $6-$7 range) is outweighing insider selling. The last dip below $7 saw the Officer and Director grab over $1.5 million worth of shares. Chart setup is nice, although a move to the high $4 area is not out of the question. The gap above the current price is a great target area as the price seems to be consolidating. Float=45M, short interest=17%. Could get squeezed, or ... The company's blockchain assets, tZERO and Medici, are significantly more valuable than the retail ops based on current market values. Recent layoffs may help with future profitability. Acquisition candidate. Santa rally? At $6.00, NYSE:BYON is in a personal buy zone as a purely speculative play. Target #1: $7.50 Target #2: $8.50 Target #3: $9.30
NYSE:BYONLong
by WorthlessViews
MOG Long Spot Opportunity Market Context: MOG has retraced significantly from its all-time high but continues to maintain an upward trend—a rarity among meme coins. Price is approaching a critical support zone, presenting a strong risk-to-reward opportunity for a long trade. Trade Details: Entry Zone: $0.0000012 Take Profit Targets: $0.0000025 $0.0000030 $0.0000035 Stop Loss: Daily close below $0.0000010 This setup provides an excellent opportunity to capitalize on a potential higher low formation as MOG attempts to reclaim support. Manage risk carefully! 📈
Long
by Richtv_official
USDCHF - towards 0.90810?OANDA:USDCHF is currently approaching a key support level that has acted as a strong base for upward price movement. Recent price behavior suggests this level could once again turn into a significant demand zone. If we see confirmation of bullish sentiment—such as increased buying activity or reversal candlestick patterns—there’s potential for the price to go towards 0.90810, aligning with the current trend. If the support is broken, it may point to a reversal in momentum, potentially leading to further declines. I am prepared for potential volatility to adjust the risk management accordingly.
Long
by TrendDiva
Global Markets Show Moderate OptimismGlobal markets closed the week with a tone of moderate optimism, driven by President Trump's statements at the World Economic Forum, where he advocated for an immediate reduction in interest rates and a softer approach to imposing tariffs on China. However, uncertainty regarding the trade and fiscal policies of the new U.S. administration, coupled with mixed economic data, kept investors cautious. Stock indices record weekly gains Major global stock markets ended the week in positive territory, with the S&P 500 reaching new all-time highs. Optimism fueled by Trump's remarks, along with strong corporate earnings, boosted stocks. The German DAX extended its winning streak to nine consecutive days, while the French CAC 40 reached its highest level in seven months. In Asia, Hong Kong's Hang Seng posted weekly gains thanks to Beijing's support for the stock market. The dollar weakens against stronger counterparts The U.S. dollar weakened against major currencies, hitting a one-month low. The strength of the euro, British pound, and Oceanic currencies reflected uncertainty surrounding Trump's policies and optimism from economic data in Europe and other regions. The Japanese yen also appreciated following the Bank of Japan's decision to raise interest rates. Key movements in Latin America In Latin America, the Brazilian real appreciated to an eight-week high, supported by foreign direct investment inflows and easing inflationary pressures. The Colombian peso also strengthened, while the Mexican peso posted significant weekly gains. However, Mexico's economic activity slowed more than expected in November, raising concerns about the recovery pace of Latin America's second-largest economy. Mixed trends in commodities Gold approached its all-time high, driven by the weak dollar and Trump's comments on interest rates. Silver also appreciated, while copper showed operational weakness due to supply concerns. Oil recorded a weekly decline due to Trump's pressure to lower crude prices. Economic data and monetary policy Economic data released during the week painted a mixed picture of the global economy. Private sector activity in the Eurozone unexpectedly expanded, while German manufacturing contracted at a slower pace. In the UK, services sector activity exceeded expectations, though employment growth remained weak. Regarding monetary policy, the Bank of Japan raised interest rates and hinted at further increases. The European Central Bank is expected to cut rates next week, while the Bank of England may follow suit in February. The U.S. Federal Reserve meets next week, and while rates are expected to remain unchanged, investors will closely monitor signals regarding future policy directions. Key factors to watch in the future Markets will closely follow the Trump administration's policies, particularly regarding international trade and fiscal policy. The trajectory of the global economy, decisions by central banks, and geopolitical tensions will also be critical factors to watch in the coming weeks. In summary, global markets remain in a state of cautious optimism. Mixed signals from the Trump administration, economic data, and uncertainty about the future of the global economy keep investors on alert. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:USDX
by Pepperstone
SILVER at Key Resistance: Bearish Bounce ExpectedOANDA:XAGUSD has reached a critical resistance zone, marked by price rejections and strong selling interest. Recently, this area has consistently led to bearish reversals. If sellers regain control and rejection signals, such as bearish engulfing candles or strong upper wicks, appear, I anticipate a move toward 30.54973. If the price breaks above this resistance, however, it could invalidate the bearish scenario. Traders should monitor this level closely and wait for confirmation before entering short positions. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
OANDA:XAGUSDShort
by DanieIM
1
XAUUSD Gold Once Resistance and its SupportHi traders what do you think about GOLD given suggestion in Comments. XAUUSD GOLD Seems Bullish Pattern at the current price will 2750 how ever its could important to conduct to through analysis including Resistance and Support. Targets 2770 to 2785 Support 2740 if the Price will back at touched to the Support again after pull back to the resistance see and feel free share your idea. if you like this analysis please support my work and fallow thanks for love.
FOREXCOM:XAUUSDLong
by FxJennefir
The Wyckoff Accumulation Method. And how it can make you money.Richard Demille Wyckoff (1873–1934) was a trailblazer in the early 20th century, known for his innovative technical methods in stock market analysis. He ranks among the five great figures of technical analysis, alongside Dow, Gann, Elliott, and Merrill. At just 15 years old, he began his career as a stock runner for a brokerage in New York. By his twenties, he had already risen to the position of head of his firm. Wyckoff was a passionate learner of the markets, deeply engaged in tape reading and trading. He closely monitored the market manoeuvres and strategies of the iconic stock traders of his era, such as JP Morgan and Jesse Livermore. Through his keen observations and discussions with these prominent figures, Wyckoff distilled the most effective practices of Livermore and others into a set of laws, principles, and techniques that shaped his trading methodology, money management strategies, and mental discipline. Mr. Wyckoff noticed that many retail investors were consistently being taken advantage of. In response, he committed himself to educating the public on “the true rules of the game” as dictated by major players, often referred to as “smart money.” In the 1930s, he established a school that eventually evolved into the Stock Market Institute. The primary focus of the school was a course that combined Wyckoff's insights on recognising the accumulation and distribution strategies of large operators with techniques for aligning one’s investments with these influential entities. His enduring principles remain just as relevant today as they were when he first shared them. “…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.” (The Richard D. Wyckoff Course in Stock Market Science and Technique, section 9, p. 1-2) Wyckoff advised retail traders to try to play the market game as the Composite Man played it. He claimed that it doesn't matter if market moves “are real or artificial; that is, the result of actual buying and selling by the public and bona fide investors or artificial buying and selling by larger operators.” Wyckoff, drawing from his extensive observations of the market activities of major players, imparted several key insights: The Composite Man meticulously strategises, implements, and wraps up his market campaigns. He entices the public to invest in a stock where he has built a significant position by engaging in numerous transactions, effectively promoting his stock and creating the illusion of a “broad market.” To truly grasp the dynamics at play, one must analyse individual stock charts to discern the behaviour of the stock and the intentions of the large operators who influence it. With dedicated study and practice, individuals can develop the skill to decode the underlying motives reflected in a chart's movements. Wyckoff and his colleagues believed that by understanding the market behaviour of the Composite Man, traders could spot numerous trading and investment opportunities early enough to capitalise on them. One goal of the Wyckoff method is to enhance market timing when entering a position by predicting an upcoming movement that offers a favourable reward-to-risk ratio. Trading ranges (TRs) represent areas where the previous trend, whether upward or downward, has paused, creating a relative balance between supply and demand. During these TRs, institutions and large professional players gear up for their next bullish or bearish strategies by either accumulating or distributing shares. In both accumulation and distribution phases within TRs, the Composite Man is actively engaged in buying and selling. The key difference lies in the fact that during accumulation, the volume of shares bought exceeds those sold, whereas in distribution, the opposite occurs. The degree of accumulation or distribution ultimately influences the nature of the subsequent movement out of the TR. Springs and shakeouts typically happen towards the end of a trading range (TR), providing key players in the stock market an opportunity to thoroughly assess the available supply before initiating a markup phase. A "spring" occurs when the price dips below the lowest point of the TR, only to rebound and close back within the range. This maneuver can create confusion among the public regarding the future direction of the stock, allowing major investors to acquire more shares at lower prices. A terminal shakeout, which takes place at the conclusion of an accumulation TR, is essentially an amplified version of a spring. Additionally, shakeouts can happen even after a price increase has begun, characterized by a swift drop designed to prompt retail traders and long-position investors to sell their shares to larger market players. To sum up, while there is much more to explore on this topic, Richard D. Wyckoff's groundbreaking contributions in the early 1900s highlighted that stock price movements are largely influenced by institutional players and significant market operators who often sway prices to their advantage. Although many professional traders incorporate Wyckoff's techniques, his comprehensive approach remains underutilised among retail investors, despite his aim to educate the public on the "true rules of the game." His methods for stock selection and investment have proven resilient over time, thanks to their detailed, systematic, and logical framework for pinpointing high-probability, lucrative trades. This disciplined strategy empowers investors to make rational trading choices, free from emotional bias. By applying Wyckoff's principles, investors can align themselves with the strategies of influential "smart money" players, avoiding the pitfalls of being on the wrong side of market movements. Mastering Wyckoff analysis demands significant practice, but the rewards are undoubtedly worthwhile.
PULSEX:HEXWPLS_F1F4EE.USDLong
by BallaJi
GBPPLN - A Potential Buying Opportunity towards 5.03500OANDA:GBPPLN is in a key support zone, which has multiple times seen strong bullish reversals and notable buyer interest. The recent bearish pressure has brought the price into this critical area, presenting a potential buying opportunity. I expect a move toward 5.03500. However, if this support zone is breached, the bullish outlook would be invalidated, potentially resulting in additional downside movement. -Target Price: 5.03500 -Support Zone Breach: Invalidates bullish outlook, potential decline -Risk Management: Crucial for position sizing and protection
Long
by TrendDiva
1
Nasdaq Futures: Key Setups for the End of the Week In today’s Nasdaq futures analysis for Friday, January 24, 2025, we highlight key zones and setups for both longs and shorts as the market wraps up a strong week. With potential pullbacks and continuation opportunities, this is a critical day for intraday traders. 📈 Long Opportunities: Look for setups near 22,030–22,060, targeting 22,100 and potentially 22,200. Additional setups around 21,960, with cautious moves toward 22,060 and higher. 📉 Short Setups: Watch for entries below 21,960, targeting 21,860 and 21,800. Aggressive shorts could be considered if price tests the 22,120 zone, aiming for reversals toward key liquidity levels. 📊 Market Insights: Despite an overall bullish trend, the market may see a slight pullback today, following the strong upward momentum earlier this week. Be cautious with entries and manage risks effectively. 💬 Join our daily lives at 9:30 AM (NY time) for real-time analysis and interactive Q&A sessions. Let us know in the comments if you'd like us to analyze other assets or add swing trading strategies in future videos. 🔗 Subscribe now for expert trading insights, daily updates, and exclusive strategies. Let’s finish the week strong together!
CME_MINI:MNQH2025
by BinvestorsTrading
Key Resistance Level for AUDJPY: Towards 98.000?OANDA:AUDJPY is approaching a critical resistance level that has previously seen bearish reversals. The ongoing bullish momentum could provide an opportunity for sellers to step in and take control. Key point: If we observe bearish signals such as rejection wicks at this resistance, the price could potentially drop towards 98.000. However, a breakout above this level would invalidate the bearish setup and shift the bias to a more bullish outlook. It’s important to wait for clear rejection signals before considering any short positions. I'd love to hear your thoughts or different perspectives in the comments!
Short
by TrendDiva
1
SEKJPY at Major Resistance - Could it Reach 14.133?SAXO:SEKJPY is approaching a key resistance level that has previously triggered bearish reversals. While current bullish momentum has driven the price into this zone, it could present an opportunity for sellers to step in. If bearish signals such as rejection wicks or bearish engulfing candles appear, a move toward 14.133 could follow. On the other hand, a breakout above this resistance would invalidate the bearish bias and signal potential for further upside. Key Takeaway: Wait for clear rejection patterns before considering short positions.
Short
by TrendDiva
3
XAUUSD aiming for long term XAU/USD with a breakout above 2772, aiming for a long-term target in the range of 2800 to 2820. Given the current price at 2782, a further rise could signal continued bullish momentum. If the market continues to hold above the breakout level at 2772, it might confirm the uptrend and support a move towards 2800–2820. You could consider placing a stop loss below the breakout level (around 2770 or slightly lower) to manage risk, as any pullback below this area might invalidate the bullish case. You can find more details in the chart. PLZ Support with like and comments for more insight.
FOREXCOM:XAUUSDLong
by Sense_Trading