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Support and Resistance

UPDATE ON GBP/USD ANALYSISGBP/USD 1D - As you can see price has now traded us up and into the Supply Zone we had marked out a few days ago, we want to see price reject well from this area offering us a short opportunity. I will be waiting for price to trade into the 50% mark, reject well breaking structure fractally. This will tell us that price has finished correcting itself here on the 1D timeframe and its ready to put in the next bearish leg. Yes price is pulling back trading us into an area of Supply, yes Supply is being introduced which should flip the S&D balance but for those of you who may trade differently, ie Support and Resistance, price has broken a level of Support which is now acting as Resistance. So this is a classic break and retest, and is offering us the opportunity to short should price fail to absorb the Supply and trade higher. Its important now that we are patient and wait for price to play into our hands allowing us that opportunity to short the market.
Short
by Lukegforex
XAG/USD Analysis: Falling Wedge Breakout Signals More UpsideAs I mentioned in my previous analysis, I am bullish on OANDA:XAGUSD , in addition to Gold. The price has now clearly broken above the falling wedge’s resistance. Since Monday, this breakout has proven to be genuine, with dips being consistently bought by traders. Currently, the price is facing minor resistance just below the 31.00 level. If this resistance is broken, we could see an acceleration toward my target of 32.00. As long as the 30.00 level remains intact, Silver maintains its bullish outlook, and buying dips should remain the preferred strategy.
OANDA:XAGUSDLong
by Mihai_Iacob
GBPJPYKey Features of the Analysis: 1. Trendline (Blue Line): The upward-sloping blue trendline shows that the market is in an ascending trend. Price has respected this trendline multiple times, indicating strong support. 2. Resistance Zone (Red Rectangle): The red zone (193.481–198.705) marks a significant resistance area where the price has previously struggled to break above. It represents a critical target for the current bullish move. 3. Trade Setup: Green Box: The take-profit zone, targeting the top of the resistance near 198.705. Red Box: The stop-loss zone, placed below the trendline and the recent support level around 191.398. The trade assumes a continuation of the bullish trend after bouncing off the trendline. 4. Current Price Action: Price is currently trading at 192.729, just above the blue trendline and below the resistance area. The bounce off the trendline suggests bullish momentum, aiming for the resistance zone. 5. MACD Indicator (Bottom Panel): The MACD (Moving Average Convergence Divergence) is showing bullish signals: The histogram is transitioning from negative to positive, indicating that momentum may be shifting upward. The MACD line is close to crossing above the signal line, further supporting the bullish bias. Entry Point: Optimal Buy Zone: Around the current price level (192.729) or slightly lower, near the blue trendline support (~192.000–192.500). The price has already bounced off the trendline, signaling bullish momentum. Entering near this area allows you to catch the trend continuation. Stop-Loss Placement: Place the stop-loss below the blue trendline, around 191.000–191.400, to account for false breakouts. This level ensures that if the price falls below the trendline, your loss is limited. Take-Profit Target: Target the upper resistance zone, near 198.705, which represents a major area of selling pressure. For more conservative traders, consider scaling out or closing part of your position around 193.481, the first resistance level within the red zone. Risk-Reward Ratio: Ensure that your stop-loss and take-profit maintain at least a 1:2 risk-reward ratio, meaning the potential reward is at least double the risk. Confirmation: If you're uncertain, wait for further bullish confirmation, such as: A bullish candlestick pattern (e.g., engulfing candle) near the trendline. MACD crossover (MACD line crossing above the signal line).
Long
by Dee9549
EURUSDKey Elements in the Analysis: Support and Resistance Levels (Blue Lines): These horizontal lines mark important price levels where the market has historically reversed or consolidated. Key Resistance: 1.05267 and 1.05208 are likely resistance levels where price has previously struggled to break above. Key Support: 1.03465, 1.02636, and 1.01843 serve as significant support levels where price might bounce higher if it retraces. Current Price Action: The market is in an uptrend, with price breaking above previous resistance levels (e.g., 1.04213). A bullish momentum is evident, with the price approaching a major resistance zone near 1.05208–1.05267. Trade Setup: Green Box: This likely represents the take-profit zone for a long position, indicating where the trader expects price to reach. Red Box: This is the stop-loss zone, set below the breakout level to minimize losses if the trade goes against expectations. RSI Indicator (Bottom Panel): The RSI (Relative Strength Index) is currently at 64.34, approaching the 70 level, which is considered the overbought region. This suggests the bullish momentum is strong but could face resistance soon. Trading Idea: The trader appears to have entered a long position after the breakout above 1.04213, targeting the next resistance zone at 1.05267. The stop-loss is placed just below the breakout level at 1.04213 to account for potential invalidation of the bullish trend.
Long
by Dee9549
Short - If price pullbacks and form CLS on this levelShort - If price pullbacks and form CLS on this level you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
13
AVAX at a Turning Point: Key Levels to WatchHello, Traders! After reaching its local high last month, AVAX price experienced a significant correction, dropping by 40% from its peak. Such a correction is not unusual after a strong rally and can be seen as a healthy market reset. Currently, AVAX is trading near its local bottom, showing signs of stabilization. The current price action indicates that we might be approaching a critical inflection point, and there’s a high probability that the price will resume its uptrend toward new highs. For this bullish scenario to play out, it's crucial for AVAX to rise above the $42-$44 resistance levels. Breaking these levels would invalidate the current local descending trend and signal renewed strength in the market. Once the price establishes itself above the $44 mark, the uptrend can be considered official, with the $54 area emerging as the next major target. Traders should also keep an eye on volume spikes, as increasing volume near resistance levels would confirm buying pressure and strengthen the breakout scenario. However, if AVAX fails to reclaim the $42-$44 range in the near term, we could see further consolidation or even a retest of lower support levels. Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
8
Bitcoin Overshoot - Last Bullish Swing - 5th WaveMARKETSCOM:BITCOIN #trading was good to me. I was able to predict and ride the #Bullish #Cycle like a pro. Trade Recap From the $17K I was actively looking for buys. Also entered BITSTAMP:BTCUSD #Long from the GETTEX:25K mark, on the #Break-out. At the Wave 4 Completion and 5th Wave Break-Out, I went Long again on $BTC. At $100K Milestone I cashed it all in, I was a bit weary... All well documented in the previous #Bitcoin Idea. What's Next For MARKETSCOM:BITCOIN ? I am entering the Last Long, to ride the 5th of 5th Wave. After this #Bull #Swing I am expecting a considerable #Correction. After the push, some wild moves will occur, and that's because of the CRYPTOCAP:BTC.D (BTC Dominance). CRYPTOCAP:BTC.D Correction in Wave 2 will pave the way for $Altcoins (#Altcoins), thus the $Altseason (#AltSeason) to start. Yes, MARKETSCOM:BITCOIN shall fall, while the CRYPTOCAP:OTHERS ( CRYPTOCAP:TOTAL3 ) would most likely grow in #TotalMarketCap. * You can see the related ideas for more clearance. BITSTAMP:BTCUSD / BINANCE:BTCUSDT - #TechnicalAnalysis - Elliott Wave: #Impulse Confirmed (5th Wave) - Mar '20 - Apr '21 #Fractal (orange) - #ATH Break-Out & #Support My Levels For Longs - Entry @ $100K - SL @ $85K - TP @ $145K * After this move, I will take a break and look for #Short set-ups. This is because of the #Bearish #Fractal (red).
BITSTAMP:BTCUSDLong
by EW4X
15
VANRY: RE-BUY ZONE AT CHANNEL SUPPORT AND TP$VANRY/USDT 1D Analysis 🎯 DESCENDING CHANNEL SETUP Current Status: • Price: $0.0883 (-1.12%) • Volume: 11.81M • Inside descending channel (yellow lines) • Gray trendlines showing potential reversal zones KEY LEVELS: • Major Resistance: $0.23-0.25 (upper box) • Support: $0.065 (channel bottom) FORECAST: - Accumulation at re-buy zone - Potential breakout targeting $0.25 - Channel bottom must hold for bullish scenario Risk Management: • Entry: $0.08-0.085 • Stop Loss: < $0.065 • Target: $0.20-0.25 • R:R = 1:3 RE-buy Zone: $0.05-0.06(IF BREAKOUT SUPPORT TRENDLINE ) #Crypto #TechnicalAnalysis #Trading
Long
by Supachai-Taechapisit
2
Why I Like Chainlink: A Technical Perspective with 40$ targetAs I’ve mentioned before, one of the reasons I favor BINANCE:LINKUSDT is its strong adherence to technical patterns. This characteristic makes it a reliable asset for chart-based trading strategies. Let’s break down the past: • Accumulation Phase: From May 2022 to October 2023, LINK underwent a long, one-and-a-half-year accumulation phase. This created a solid foundation for future price action. • Breakout and Corrections: After the accumulation ended, LINK experienced an upward move, followed by a correction that perfectly tested the resistance of the previous accumulation zone. • New local Highs: A subsequent rally took the price to around $30, followed by another correction. This time, the correction confirmed a previously broken resistance level as new support, which acted as a springboard for another reversal upward. The technical behavior of LINK stands out as methodical and predictable, with clear levels of support and resistance consistently respected. Looking ahead, I anticipate that LINK will continue its upward trajectory, with a potential target of $40. My strategy is buying dips. However, a definitive break below recent support would force a reassessment of this outlook. In conclusion, LINK’s well-structured price movements make it an excellent candidate for those who favor technical analysis in their trading approach.
Long
by Mihai_Iacob
2
XAU/USD Intraday Sell Analysis: Key Levels & TargetsDetailed Analysis of XAU/USD Chart After conducting an in-depth analysis of the XAU/USD chart, I have identified key levels that are crucial for today's trading plan. The following points outline my findings: Key Levels Support Level: I have determined the support level to be at 2730. This level is a significant price zone where the market may find buying interest, preventing further downward movement. Resistance Level: The resistance level is set at 2760. This is a critical zone where selling pressure is expected to increase, potentially limiting upward momentum. Trade Bias Based on the current market structure and trend analysis, I have a clear bearish bias. This means I am primarily focusing on selling opportunities rather than buying trades. Target Levels For my selling trades, I have defined two profit targets: First Target (TP1): 2741 This is my initial target, a moderate level where partial profits can be secured. Second Target (TP2): 2735 This is my final target for the session, which aligns with the anticipated downward movement based on my analysis
OANDA:XAUUSD
by Sniperforerx
EUR/AUD - Short Idea - Market OrderThis strong analysis in my opinion is looking to be changing Market Structure in the Higher Times Frames. As seen on the Daily TF we have made a new Strong High and price has respected that high with multiple TF supply zones and Mitigation Blocks Our 4H Chart is showing Lots of Sell side Liquidity also a double bottom acting as a magnet for price to sweep. Price as shown is in a Discount zone for the 4H but I would like to see price return into the higher Discount zone 1 more time to sweep previous Buy side Liquidity although due to selling pressure with multiple supply zones im not hopeful of this return. There for I have shorted with a market order. To add extra confluence for this trade I can notice a heads and shoulders pattern. Im risking 20 PIPS in reward for 150 PIPS taking out sell side Liquidity and breaking structure Good luck to all traders who decide to follow this plan
Short
by jamesibartram
1
EURUSD → An attempt to change the trend could be successfulFX:EURUSD gets a chance for a bullish run. The currency pair breaks the prolonged downtrend and consolidates for a chance to continue the upward movement The global trend is downtrend and at the moment it is too early to talk about a change of trend, as the price is under pressure from the strong resistance at 1.044. BUT! A pre-breakout base is forming around this area, so if the dollar continues its corrective course, EURUSD will have a chance to confirm the trend change. If the bulls are able to overcome 1.0448 and consolidate above this level, we will have a chance to rise to 1.06 and possibly higher.... Resistance levels: 1.0448, 1.0607 Support levels: 1.033, 1.0222 Technically, the focus is on the nearest trigger at 1.0448. A breakout and consolidation of the price above this zone may provide a convenient entry point to open long positions. Regards R. Linda!
Long
by RLinda
3
Gold- One step closer to new ATHYesterday, following a minor dip earlier in the day, Gold decisively broke above the 2720 resistance level and established a local high near the 2760 confluence resistance, formed by the horizontal level and the channel's resistance. Currently, the price is undergoing a normal correction, which could provide traders with another opportunity to enter the market at more favorable levels. The support zone begins around 2735 and extends to 2720, making this area an ideal spot for opening long trades. In conclusion, the strategy remains unchanged: buying dips .
OANDA:XAUUSDLong
by Mihai_Iacob
3
Possible downward breakout of $USDT.D as start of altcoin seasonThe Order Blocks may indicate that the often canceled Altcoin-Season could be imminent CRYPTOCAP:USDC.D dominance is struggling to break through the crucial Order Block in Chart 1 between 3.7%-4% to the downside If the breakout to the downside happens, nothing should hinder the Altcoin-Season 🙏 There is usually an inverse relationship between USDT dominance and altcoins. If the dominance falls, crypto degens exchange their stable token for altcoins and their prices rise Another positive sign is that CRYPTOCAP:ETH relative to CRYPTOCAP:BTC in BINANCE:ETHBTC chart faces two significant Order Blocks around the 0.03 and 0.025 ranges from 2021 If one of them holds and should an upward reversal occur here, CRYPTOCAP:ETH could lead altcoins upward as in past cycles
CRYPTOCAP:USDT.D
by OfficerDonut