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Support and Resistance

GER40 | Pullback From High – Retesting Recent Breakout AreaPrice recently printed a new high at 24,336.23 and is now pulling back. It's currently hovering around the 24,104.39 zone — a minor price shelf that formed before the final push upward. This level is being retested and may act as a pivot for the next move. Support at: 24,104.39 🔽 | 23,900.00 🔽 Resistance at: 24,336.23 🔼 🔎 Bias: 🔼 Bullish: If price holds above 24,104.39 and shows bullish candles, a move back toward 24,336.23 could follow. A breakout beyond that high would signal continuation. 🔽 Bearish: A drop below 24,104.39 — especially with momentum — could push price back to the 23,900.00 level, and potentially deeper. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
THINKMARKETS:GER40
by SPOT_FX
BTC Trap & Reverse: The Power of SFPs in ActionBTC continues to chop in a tight range near its previous all-time high. While price action may appear messy at first glance, traders using a combination of structure, Fibonacci levels, and order flow tools are spotting clean opportunities — especially through Swing Failure Patterns (SFPs). 🔍 What Just Happened? Bitcoin recently rejected from the 0.786 Fibonacci retracement level — a classic reaction zone. What made this move powerful was the SFP that formed at that level. Price swept above a prior high, triggering breakout buys, only to reverse. This type of move traps late longs and offers an ideal short entry. 🧠 Educational Insight: Why SFPs Are One of the Best Setups SFPs (Swing Failure Patterns) are some of the highest-probability trades you can take for a few key reasons: 1️⃣ Liquidity-driven: They form where stop losses cluster — above highs or below lows — creating a magnet for price. 2️⃣ Clean invalidation: The wick high/low gives a natural stop-loss level, keeping risk tight. 3️⃣ Fast reaction: Once trapped traders are forced to exit, price often reverses sharply — giving you strong follow-through. 4️⃣ Confirmable with order flow: Using tools like Exocharts, you can see aggressive longs/shorts piling in just before the reversal. This adds conviction to the setup. 📏 Current Confluence: Rejection from the 0.786 Fib retracement SFP confirmed on high volume 1:1 trend-based Fib extension sits at ~$105,410 That level also lines up with the 0.666 Fib retracement Anchored VWAP around $105K Liquidity pool right at that zone too — a likely magnet 🎯 Trade Idea: Short triggered at the SFP wick, stop just above it. First target: the 1:1 extension near $105.4K. Risk-reward is excellent with high probability if price continues to unwind late longs. ✅ Key Takeaway: In ranges like this, you don’t need to guess direction — you need to react to structure. SFPs give you that edge. When paired with real-time tools like Exocharts and anchored VWAPs, these trades become sniper entries rather than coin flips. Let the market show its hand — and trade the reaction, not the prediction. 📌 Summary: This is how you avoid overtrading in chop: wait for key levels, watch how price reacts, and let trapped traders create the move. If BTC revisits the $105K region, it’s a major area to watch for reaction — or to take partials if you’re in a short. The best trades come from patience + precision. _________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
COINBASE:BTCUSDShort
by SiDec
7
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A good start to the day with us hitting not only the red box target we wanted but completing the Excalibur target that was active giving a nice long. After that, we identified the pull back into the bias level 3305 which only gave us a 50pip bounce into the target. We then said price shouldn't go back to 3310, if it did we would break, which consequently happened, thankfully we had stopped trading and called it a day by then. The range continues and price is accumulating, this range now with support 3290 and resistance 3310 could be the play towards the end of the session, so anyone long, we would say watch this levels on the red boxes for a break either side. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
How to draw support and resistance levels the right way? 1️⃣ Why Are Support and Resistance Levels So Important? Support and resistance levels show where price has reacted strongly in the past. These are zones where many traders including large players have placed buy or sell orders. Support = where buyers step in and push price up Resistance = where sellers step in and push price down These levels are important because they act like decision zones: - Price might bounce from these levels - Or break through and start a new move - Or even fake out traders before reversing again Knowing where these levels are gives you an edge: - You can better time your entries and exits - You avoid chasing price in the middle of nowhere - You prepare for market reactions not random guesses Think of them like traffic lights for the market when price hits them, something important usually happens. 2️⃣ Three Main Types of Support and Resistance There are 3 key types of support and resistance levels traders commonly use: - Level-Based: Horizontal zones drawn from key highs and lows - Pattern-Based: Support/resistance found in chart patterns like triangles, flags, etc. - Channel-Based: Diagonal trendlines showing support and resistance in a channel Today, we focus on level-based support and resistance horizontal lines drawn on key price zones. 3️⃣ How to Draw Support and Resistance Levels Use daily, weekly, or monthly timeframes to find major zones. These higher timeframes give you stronger, more respected levels. Look for: - Candle bodies that close and open around the same price - Strong wicks rejecting a certain level - Zones where price has bounced multiple times in the past I often pick: - The close of a red candle - The open of the next green candle These spots usually show where sellers lost control and buyers stepped in — or vice versa. 4️⃣ Timeframes and Their Strength The higher the timeframe, the stronger the level: - Monthly = very strong, long-term zones - Weekly = strong and reliable - Daily = useful for swing trading - Lower timeframes (15m, 5m) = more noise, less reliable unless you're day trading or scalping Pick levels based on your strategy: - Swing traders = use daily/weekly/monthly - Scalpers = lower timeframes with extra confluence (volume, structure) 5️⃣ Don’t Use Support/Resistance Alone Support and resistance are helpful — but not enough by themselves. Always combine them with: - Market structure (higher highs/lows) - Volume confirmation - Indicators or price action signals You want to watch how price reacts at your levels. Wait for confirmation before making decisions. 6️⃣ Common Mistakes Traders Make Mistake 1: Drawing too many levels clutters your chart and creates confusion. Mistake 2: Keeping old levels that have already been broken or invalidated. Mistake 3: Ignoring volume. Just because price hits a level doesn’t mean it will reverse. You need volume to back the move. Also: Don’t enter blindly on breakout, breakouts can fail. Wait for confirmation. Don’t assume a level is strong just because it’s touched once — look for multiple rejections. 7️⃣ Example: How I Draw Support/Resistance Let’s say I’m looking at a daily chart. - I find a red candle that closes at 42,000 - Then a green candle opens at 42,000 and pushes higher That tells me buyers stepped in at 42,000 — this is a potential support. I draw my horizontal line across that level. Then I zoom into 30m or 15m charts to watch price behavior when it comes back to that level. If price respects it again, I may enter a trade based on the reaction. This technique gives me more confidence and clarity. I know where liquidity might be waiting. I can combine it with indicators or volume tools. I avoid random trades. 🔄 Summary Identify a timeframe – Use the monthly, weekly, or daily chart. Look for two candles – Draw your support or resistance line at the point where one candle closes and the next one opens. Make sure the level hasn’t been hit yet – This helps you spot areas where liquidity grabs might happen. Wait for price to reach the level – Once price touches the support or resistance zone, watch how it reacts. After price touches the level, remove it – Once tested, that level is no longer fresh and should be cleared from your chart. Support and resistance isn’t magic — but used with confluence, it becomes a powerful guide. Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. Disclaimer: This is not financial advice. Always do your own research. This content may include enhancements made using AI.
NYSE:KOEducation
by Risk_Adj_Return
Gold’s consolidation phase remains solid EntryXAUUSD Gold new Forecast what will next Gold move? At the opening of the session, the U.S. dollar strengthened, putting downward pressure on Gold prices. The recent rise in the dollar is a key driver behind Gold’s consolidation phase. Despite this, investor interest in Gold remains solid due to its status as a safe-haven asset, especially amid ongoing geopolitical risks. Currently, Gold is approaching a key support zone around 3275, entering what appears to be a correction phase within a broader upward trend. This area also coincides with a liquidity zone, making it a critical level to watch. A breakdown below this level could trigger further downside, though it may also attract buyers looking to re-enter at lower prices. Investors should monitor this zone closely for signs of either a rebound or a confirmed breakdown, which could define the short-term direction for Gold. if you want to more info then read discerption and use Trade to Long-term.
OANDA:XAUUSDLong
by MrMartin_11
NZDCAD Selling Trading IdeaHello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today NZDCAD analysis 👆 🟢This Chart includes_ (NZDCAD market update) 🟢What is The Next Opportunity on NZDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexMasters2000
EURUSD is Ready for a Bullish MoveHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPJPY is Holding above the SupportHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPNZD Pushing itself in a buy directionHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPAUD buy Trade IdeaHello Traders In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET today GBP/AUD analysis 👆 🟢This Chart includes_ (GBP/AUD market update) 🟢What is The Next Opportunity on GBP/AUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Will EURCAD rise from a strong Support LevelHello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (EURCAD market update) 🟢What is The Next Opportunity on EURCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
SPX500 watch 5900 then 6103: Double Golden zone Was/Will be TOP?SPX500 with a ferocious recovery after tariff relief. About to test a most important zone of its lifetime. Double Golden zone of a Genesis plus a Covid pair. Such a tight confluence of two major Goldens is rare. It warned us of a top BEFORE Trump even won (click). The retest could form a "Wave B" or "Bull Trap" lower high. It is PROBABLE that we "Orbit" these high gravity objects for a while. It is PLAUSIBLE that we "Blast" by them but have to retest soon after. It is POSSIBLE that "wave B" ends here and we drop deep for "wave C". I am personally a bull, but we should be PREPARED for a BULL TRAP. ================== Previous Plots below ================== 5901 TOP warning: 5668 Tariff warning: 5100 Tariff Relief Entry: =============================================== .
FOREXCOM:SPX500
by EuroMotif
BTCUSD Up trend breakdown ahead selling strong🚨BTC/USD Breakdown Alert 🚨 BTC has officially broken down from the previous uptrend, confirmed by a strong bearish engulfing candle — signaling a clear shift in momentum. This is a prime opportunity to look for short setups. 📉 Sell Entry: 107,400 🎯 Technical Targets & Demand Zones: 🔹 1st Target: 103,700 – Minor demand zone 🔹 2nd Target: 96,400 – Stronger structural support 🔹 3rd Target: 85,100 – Deep liquidity zone 🔹 4th Target: 77,000 – Bullish Order Block 💡 Breakdown confirmed. Trend shift validated. Selling pressure likely to continue. Trade smart. Manage risk. — Livia 💼📊
BITSTAMP:BTCUSDShort
by LIVIATRACK
12
BTC - the trendline no-one is watchingDaily TF / logarithmic chart A trendline has been in play since September 2023 where Bitcoin has found support on multiple occasions (thick white line). With a brief breakthrough in April. Currently looking a bearish div. on 4H chart which would signify a move down. Using the fib chart, a break below said trendline could take us to the 618 which is also a liquidity-rich zone (around 66-68K price range). The trendline could begin to act as resistance if this scenario plays out. Based on previous Bitcoin halving cycles the "peak" always occurs in Nov-Dec of the year following the halving event 2013 / 2017 / 2021... 2025?
Short
by Strength_in_numbers
WLD (Worldcoin) – Long Spot Trade Setup After 180% RallyAfter a massive 180% surge, WLD is showing signs of exhaustion and is likely to retrace toward the next major support zone. A pullback into the $1.22 – $1.35 area provides a favorable entry opportunity for continuation of the trend, assuming support holds. 🔹 Entry Zone (Support): $1.22 – $1.35 🎯 Take Profit Targets: 🥇 $1.65 – $1.85 (prior consolidation and resistance zone) 🥈 $2.40 – $2.65 (upper range resistance / extension target) 🛑 Stop Loss: Just below $1.10 (below structural support and invalidation level)
Long
by Richtv_official