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Support and Resistance

XAUUSD TRADE UPDATE TP HIT Hey guys we just hit take profit and if you executed with me congrats tho this trade was from our last week analysis but it played out perfectly patience does pays and follow me up for more A+ setup and also this trade has covered our loss from our first trade of the year and more I will update you guys if I want to get into another trade and incase you miss out check out my page and see the before of this trade now when the trade hit take profit…Enjoy
OANDA:XAUUSDLong
by THATGUYMAZINO
GBPCAD - Potential Buy From Key Support ZoneThe GBPCAD pair is approaching a significant demand zone, highlighted by prior price reactions and a strong historical support area. The market structure suggests the potential for a reversal at this level. The overall context indicates that buyers may take control, pushing the price higher. I anticipate that if the price shows a clear rejection from the demand zone, the market may move upward toward the 1.77372 level. This setup aligns with the idea of trend exhaustion near support. If you have any additional insights or agree with this analysis, feel free to share your thoughts!
Long
by DanieIM
NZDCAD - Potential Buy From Key Support ZoneThe NZDCAD pair is approaching a significant demand zone marked by prior price reactions. This area aligns with a key support level, and the market structure hints at a potential reversal. The overall context suggests that buyers may take control at this level, leading to an upward move. I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 0.81446 level. This setup aligns with the idea of trend exhaustion near support. If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
USDT.D - The dominance of real moneyThe dominance of the dollar over cryptocurrencies is a real indicator of the growth status of ETH! The last wave of correction and decline is happening now! Pay attention to the accumulation zone before the Bitcoin price drops/inflates. Money is being transferred to BTC=>ETH=>ALT=>USDT=>BTC and so on in a circle, during the active participation phase of DOU, money is being transferred to ETH and beyond, so be vigilant In addition, I would like to draw your attention to the BTC.D indicator.
CRYPTOCAP:USDT.D
by SHARK1318
Gold Breaks $2725 Resistance, Eyes Record HighGold is peeking above resistance at $2725, extending the bullish trend in place since late December. If it can push above this level and preferably close there, it creates a decent bullish setup, allowing for longs to be established above with a tight stop beneath for protection. The obvious target would be the record high of $2790 set in late October. Momentum indicators such as RSI (14) and MACD are trending higher, providing bullish signals that improve the probability of the break sticking. With price signals from US Treasury futures pointing to the possibility of lower yields near-term, a scenario that could also keep dollar gains capped, the macro environment looks more conducive for upside than periods in the recent past. Good luck! DS
FOREXCOM:XAUUSDLong
by FOREXcom
1
USDJPY InsightHello, subscribers! I’m glad to have you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - U.S. President Donald Trump announced multiple executive orders during his inauguration, including declaring a national energy and border emergency, repealing mandatory electric vehicle adoption, and withdrawing from the Paris Climate Agreement. However, he postponed imposing tariffs on his first day, instead instructing the investigation of trade relations. - The market predicts potential price corrections depending on the progression of Trump’s tariff policies. - The Bank of Japan is expected to raise interest rates by 25 basis points at its rate decision meeting scheduled for January 23–24. This Week’s Key Economic Event + January 24: Bank of Japan Rate Decision USDJPY Chart Analysis In the recent decline, the pair broke through the support level and dropped to the 154.500 range. It is currently positioned at the lower end of the uptrend, suggesting a potential rebound. However, U.S. President Trump remains a significant factor that could impact the market, so the possibility of a trend reversal should not be ruled out. If the 154.500 range holds as a support, the pair could rise to the 162 range. Conversely, if it breaks below the 154.500 level, the next target could be the 149.000 range.
Long
by shawntime_academy
1
Nasdaq100 4H Timeframe AnalysisNasdaq100 4H Timeframe Analysis Trend Analysis On the 4-hour timeframe, Nasdaq100 was initially in a downtrend, characterized by lower highs and lows until reaching a major support level at 20,500. After testing and retesting this major support, the price reversed and moved upward, breaking through the minor key levels between 21,000 and 21,300. This breakout marked a change in trend direction, shifting from a downtrend to an uptrend. The price is now creating higher highs (HH) and higher lows (HL), signaling further bullish momentum. Liquidity was formed below the minor key resistance at 21,300, which sets up a potential continuation pattern for the uptrend. Price Action Expectation: Wait for the price to retrace back to the minor key resistance zone around 21,350 and confirm that the trend is continuing upward. The breakout above 21,300 should provide confirmation that the bullish trend is intact, with the next move targeting the next resistance level at 21,680. Trade Setup: Trade Type: Buy Limit Entry: 21,350.0 (upon price retracing back to minor key resistance and confirming trend continuation) Stop Loss: 21,190.0 (below liquidity zone to avoid false breakouts) Take Profit: 21,680.0 (targeting the next minor key resistance level) This setup capitalizes on the liquidity formation and breakout above the minor key resistance, aiming for a continuation of the uptrend. Fundamental Outlook: Overall, Trump’s policies on trade will influence investor sentiment globally. If Trump’s trade overhaul creates a favorable business environment and fairer trade deals, the Nasdaq-100 could experience growth, especially in the tech sector. However, if trade relations deteriorate or tariffs increase, the index might face increased volatility. The Nasdaq-100, as a key barometer for U.S. economic growth, will reflect the market’s confidence in Trump’s ability to navigate these challenges. In conclusion, while the Nasdaq-100 could benefit from Trump’s promises of deregulation and improved trade deals, the market must brace for the volatility that often accompanies his unpredictable policy shifts. Investors should remain vigilant to any changes in trade dynamics that could impact the performance of major tech stocks and the broader market. Risk Management: Maintain a 1:2+ risk-to-reward ratio for optimal returns. Ensure that your position size is aligned with your account equity and risk tolerance. Be cautious of false breakouts by monitoring liquidity zones and adjusting your stop-loss if necessary. Trading involves substantial risks and may not be suitable for all investors. Always seek guidance from a financial professional if you’re unsure about trading decisions.
PEPPERSTONE:NAS100Long
by RebornFXTrader
1
Corrective Wave and Chart Pattern Analysis - RSI TFW DivergenceCorrective Wave Structure a ABC Analysis pattern in TFW timeframe Observations: A bullish divergence is evident in the momentum near the support zone indicating weakening bearish momentum, the end of wave C, and a potential reversal to the upside. Analysis: - Wave A: completed descending channel retraced 61.8% of previous uptrend with 5 wave diagonal pattern - wave A.1 the shortest and wave A.3 is the longest. - Wave B: retraced 61.8% of Wave A with an extended flat 3 wave abc pattern - wave B.c extended 261.8% of B.a - Wave C: A descending triangle /ending diagonal pattern is visible within Wave C current extending 61.8% of Wave A. Support: - The Green zone (liquidity support) around 4.50 THB is significant, acted as a strong support level multiple times in the past. - A breakdown below this zone could lead to further downside (red arrow scenario) while holding above it might trigger a reversal (green arrow scenario). Breakout: - Resistance levels marked by Wave B’s high 6.4+ THB and intermediate levels around 4.9+ THB are critical breakout moving average 20 week dynamic resistance zone. - An upward breakout past these levels would confirm the end of the corrective phase and the start of a new bullish impulse wave. Potential Scenarios: Bullish Case (Green Arrows): TP1: Price holds the liquidity support zone and breaks above 5.50 THB (near-term resistance). TP2: A successful retest of 6.50 THB Wave B zone could lead to a new bullish wave formation. RRR: 3:1 Bearish Case (Red Arrow): A break below the liquidity support zone 4.50 THB would confirm continued bearish pressure. Price could target lower levels, possibly extending toward 3.50 THB or beyond. Action: + Look for bullish confirmation with a breakout above descending triangle (ending diagonal) resistance 4.80 THB zone + Watch for volume surge volume profile indicator to validate the reversal trigger. + Monitor price action near the liquidity support zone 4.50 THB. + Accumulate only if the support holds and momentum confirms a bullish reversal. Always trade with affordable risk, respect your stop.
SET:NERLong
by dukeposh
A SELL IDEA ON GBPJPYA follow up on my last analysis on GBPJPY, we see The Beast getting ready for a further bearish move. The pair has been on a higher high/higher low correction move and currently failed to create a higher high and has tanked below the last higher low thereby giving us a confirmation that the bullish correction move might be over. Also we see the break of the current bullish trendline giving us a double confirmation. We now patiently wait for our entry confirmation which is a pullback to the 61.8fib level. With that we jump right in for a sell and go for a 1:5.66RRR with Stop loss around the 192 area and take profit at the Daily Area of Focus around the 188.200 price.
Short
by KAYCEEFX1
Commitment of Traders Modelled as Stratified Poissant Processes Hey! This video theorizes about the relevance of the poissant process in predicting areas of support and resistance in a way that accounts for temporal and probabilistic grounding. Essentially, the commitment of traders is modelled as a poissant process. Lambda is remeasured at each time step and the stratas' opacity reflects the strength of the probability, modelling trader capitulation as a time decay function. The recency and recurrence of information is intuitive and visible at a glance. Enjoy!
COINBASE:BTCUSDEducation
by garysebastianbrowniii
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed early due to the U.S. market holiday, and yesterday’s and today’s daily candles will merge into one. As anticipated, the U.S. market showed an upward trend, but it is likely to exhibit sideways or downward movement during the pre-market and regular trading sessions today. While the daily chart has generated a buy signal, confirmation will only occur if today’s candle closes as a bullish one. With significant resistance levels overhead, the market needs a strong bullish candle to widen the gap between the MACD and signal line. Failure to generate such a rally may lead to repeated resistance at the upper levels and increase the likelihood of a downturn. On the 240-minute chart, no sell signal has been generated yet, but the market appears to be absorbing overhead supply. If a MACD dead cross emerges, the buy signal on the daily chart may fade, potentially reversing the trend to bearish. Avoid chasing prices and refer to yesterday’s detailed pre-market analysis for further context. CRUDE OIL Crude oil closed lower, correcting down to the 10-day moving average. After a brief consolidation at the $76 support, it declined further. The $74–$75 range serves as a critical support level and aligns with the 5-day moving average on the weekly chart. Buying on dips within this range is favorable. However, it is advisable to enter at lower levels, as rebound risks make shorting less viable. On the 240-minute chart, the MACD is falling towards the zero line, steepening its angle against the signal line. Even if oil rebounds from key support levels, it may face further selling pressure, as a MACD golden cross appears unlikely. Since yesterday’s expected downtrend materialized, today’s strategy should focus on cautious dip-buying at lower levels. GOLD Gold closed lower, finding support near the 5-day moving average as anticipated in yesterday’s analysis. The strong pullback to the 5-day moving average provides a reasonable entry point for buying on dips. However, the weekly chart indicates potential for further downside, suggesting short-term positions to manage risk effectively. On the 240-minute chart, a sell signal has emerged as a head-and-shoulders pattern broke its neckline. A further drop below 2730 could lead to additional downside toward the 2718 support level, where dip-buying may be considered. The MACD and signal line remain significantly below the zero line on the 240-minute chart, increasing the likelihood of a rebound at key support levels. Avoid aggressive short-selling and note that the broader trend remains bullish, as gold's daily chart exhibits strong buying momentum. Focus on buying near major support levels during pullbacks for a favorable risk-to-reward ratio. Manage your risk carefully and best of luck with your trades today. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21660 / 21620 / 21570 / 21510 / 21480 / 21350 -Sell: 21780 / 21880 / 21940 / 22005 Crude Oil - Bullish Market -Buy: 75.70 / 74.95 / 74.50 -Sell: 77.50 / 77.85 / 78.25 / 78.65 / 79.10 Gold - Bullish Market -Buy: 2726 / 2716 / 2708 / 2700 -Sell: 2738 / 2747 / 2753 / 2758 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!Short
by Futureguard
USD/CAD: Market Turns – Reversal in MotionWelcome back! Let me know your thoughts in the comments! ** USDCAD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
GBPUSD Wave Analysis 20 January 2025 - GBPUSD reversed from support area - Likely to rise to resistance level 1.2365 GBPUSD currency pair recently reversed up with the daily Hammer from the support area located between the long-term support level 1.2095 (former Double Bottom from October), lower daily Bollinger Band and the support trendline of the daily down channel from September. The upward reversal from this support area started the active medium-term upward correction (4). Given the strength of the nearby support level 1.2095 and the significant US bearish sentiment, GBPUSD currency pair can be expected to rise to the next resistance level 1.2365.
Long
by FxProGlobal
USDCHF Wave Analysis 20 January 2025 - USDCHF reversed from the resistance zone - Likely to fall to support level 0.9000 USDCHF currency pair recently reversed from the resistance zone located between the key multi-month resistance level 0.9185 (which stopped the daily uptrend last April), the resistance trendline of the daily up channel from September and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Evening Star, which stopped the previous sharp upward impulse sequence (C) from December. USDCHF currency pair can be expected to fall to the next round support level 0.9000, the former resistance from December.
Short
by FxProGlobal