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Support and Resistance

UPDATE ON TRADE EUR/USDEUR/USD 4H - This is another piece of analysis that was provided last week and in this Sunday Sessions video, as you can see price played out perfectly. With recent fundamental news backing our analysis the potential to profit today on this market was crazy, with our TP approaching we could look to take some partials. This trade is running + 127 pips. (+ 5.7%) 5.7RR Predicting strength in the EUR this week was pushing for an outcome like this, I even posted some fundamentals this morning to back my analysis. A big well done to anyone who got involved in buys on this market this morning, again if you guys have any questions or queries with regards to this analysis drop me a message or comment below!
Long
by Lukegforex
UPDATE ON XAU/USD SS ANALYSISXAU/USD 1D - Well as you can see price has played out perfectly to the analysis provided on this weeks Sunday Sessions video, we have seen price respect the area of Demand. Demand was then introduced which then continued to trade price higher, continuing the bullish structure to the upside, we now want to see price react well to the Supply Zone we have marked out above. This trade is currently running + 167 pips. (+1.8%) 1.8RR I personally did not place this position as it was early hours this morning when this trade was validated and traded into this zone however the zone was provided and the path was given for this trade to be placed. Well done to those of you who either placed a pending order or jumped in on this market, if you have any questions with regards to this analysis drop me a message or comment below.
FOREXCOM:XAUUSDLong
by Lukegforex
1
EURCZK: Potential Sell Setup at ResistanceOANDA:EURCZK is at a key resistance zone that aligns with prior price rejections and key supply levels. This area has historically attracted strong selling interest, making it a critical point to watch. If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 25.17333. Conversely, a break above this level could signal further upside and invalidate the bearish setup. Traders should carefully evaluate price action at this zone before entering positions.
Short
by DanieIM
1
PEPEUSDTKey Features Support and Resistance Levels: Support: The first support level is marked around 0.0124 (middle blue line). A deeper support level is identified at 0.0052 (bottom blue line), which represents a historical low area. Resistance: The key resistance level is around 0.0265 (top blue line), where the price previously faced rejection. Current Price Action: The price is currently trading near 0.0163, which is closer to the middle support zone. The red and green arrows suggest potential scenarios: Green Arrow: A bullish move toward resistance at 0.0265 if buyers regain control. Red Arrow: A bearish move breaking below support at 0.0124, with the next potential target being the lower support at 0.0052. Trend Overview: The price experienced a significant rally in 2024, followed by a pullback, and is now consolidating between the middle support and resistance levels. The overall trend is neutral, with the price stuck in a range. Potential Scenarios Bullish Scenario: If the price bounces from 0.0124 and gains momentum, it may attempt to test the next resistance at 0.0265. A break above 0.0265 could indicate a continuation of the uptrend, with potential for further upside. Bearish Scenario: If the price breaks below 0.0124, it could trigger a sell-off toward the next major support at 0.0052. This would indicate bearish sentiment and could result in a prolonged downtrend. Trading Strategy For Buyers: Look to buy at 0.0124, the key support zone, if there are signs of a bullish reversal (e.g., bullish candlesticks, volume increase). Consider adding to positions if the price breaks above the resistance at 0.0265, targeting higher levels. For Sellers: Consider selling if the price shows rejection near 0.0265, with a stop loss slightly above. Look for a short position if the price breaks below 0.0124, targeting the lower support at 0.0052. Risk Management Stop Loss: Buyers: Below 0.0124. Sellers: Above 0.0265. Take Profit: Buyers: Around 0.0265 or higher. Sellers: Around 0.0124 or 0.0052.
by Dee9549
NOKJPY - Buy Setup from Key SupportFOREXCOM:NOKJPY is currently at a significant demand zone that has historically attracted buyers, triggering bullish reversals. This support level has been pivotal in past price actions, forming a solid base for potential upward momentum. The appearance of a strong bullish candle reinforces the setup, suggesting the likelihood of an upward movement, with a target around 13.7785. However, if the support level is breached, the bullish sentiment could fade, allowing for a possible decline. Traders should remain alert in this zone for signs of buyer strength before taking long positions. Proper risk management is critical to mitigate the risk of losses.
Long
by TrendDiva
2
xrp ripple long longterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
XAUUSDResistance Zone (Red Box at the Top): The highlighted red area at the top represents a resistance zone. This is where the price has previously struggled to move higher and has reversed multiple times, indicating strong selling pressure at this level. Support Levels (Horizontal Red Lines Below): There are multiple horizontal red lines drawn below the price, which indicate support levels. These levels are where the price has previously found buying interest, preventing it from falling further. Current Price Action: The price trades near the resistance zone (around 2,703–2,712), showing consolidation or hesitation to break higher. A rejection from this level could lead to a retracement toward lower support levels. Trend Direction: The overall trend appears to be bullish as the price has been forming higher highs and higher lows from the left-hand side of the chart (mid-November). Key Levels: Resistance: Around 2,710–2,720 (area of strong selling pressure). Support: Levels such as 2,680, 2,660, and lower levels are marked on the chart. Market Sentiment: The chart indicates that bulls are attempting to increase prices, but sellers are actively defending the resistance zone. A breakout above this zone could indicate further upward momentum, while rejection might lead to a pullback. Specific Signals to Watch Bullish Buy Signal: A breakout above 2,710–2,720 with strong candles. A dip to 2,680 or lower with clear rejection candles. Bearish Sell Signal: Rejection at 2,710–2,720 with bearish candles. A breakdown below 2,680 with no signs of recovery. To determine the ideal times to buy or sell based on this chart, you can use the following guidelines: Buying Opportunities On a Pullback to Support Levels: Look to buy near support zones (e.g., 2,680, 2,660) where the price has shown previous buying strength. Confirmation: Wait for bullish reversal candlestick patterns (e.g., hammer, engulfing candles) or signs of increased volume. On a Breakout Above Resistance: If the price breaks above the resistance zone (2,710–2,720) with strong momentum (e.g., large green candles, high volume), it could signal continuation of the uptrend. Consider buying after the breakout and on a retest of the broken resistance (now support). Trend Following: Since the overall trend appears bullish (higher highs and higher lows), you could look for buying opportunities on dips in the uptrend. Selling Opportunities At Resistance Zones: If the price reaches the resistance zone (2,710–2,720) and starts showing bearish rejection patterns (e.g., shooting star, bearish engulfing), consider selling, expecting a pullback. This is a counter-trend trade, so it carries higher risk. On a Breakdown of Support: If the price breaks below a key support level (e.g., 2,680), it may indicate further downside. Consider selling after the breakdown and on a retest of the broken support (now resistance). Trend Reversal: If the price forms lower highs and lower lows or breaks below critical support zones, it may signal a trend reversal to bearish, presenting selling opportunities. Specific Signals to Watch Bullish Buy Signal: A breakout above 2,710–2,720 with strong candles. A dip to 2,680 or lower with clear rejection candles. Bearish Sell Signal: Rejection at 2,710–2,720 with bearish candles. A breakdown below 2,680 with no signs of recovery. Risk Management Stop Loss Placement: For buying trades, place your stop loss slightly below the most recent support. For selling trades, place your stop loss slightly above the resistance zone. Take Profit: For buys, aim for levels slightly below the next resistance. For sells, target levels slightly above the next support. Risk-to-Reward Ratio: Always aim for a minimum of a 1:2 risk-to-reward ratio to ensure profitability over time.
PEPPERSTONE:XAUUSD
by Dee9549
Bitcoin Upside Prevails as Long as 100K SupportBTCUSDT 4H Time Frame lets price will Pressure to Buy Side Because Price will Decent Support Zone done from 90K after price will pull back to the Resistance Zone Current Price will 102K if the price down in 100K then again Pull back to the Top. Resistance zone 108K / 110 Support Levels 100K To 98K Resistance zone 110K Take entry from Current price 102K Lets take Profit if the price will stay in 100K/98K Then again Pull Back to the Resistance. Rate Share your idea what's going on Thanks.
Long
by FxJennefir
1
Crude Oil - Moving to light resistance, so we can move up?Hi guys, we are looking into Crude Oil today again, looking into retesting the weak resistnce level which was recently formulated, we have a slight Ascending Channel which has been formulated looking to break it, then we will see what would be next Entry: 77.50 Target 78.60 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
NYMEX:CL1!Long
by DG55Capital
TradeCityPro | GALAUSDT Battle Between Buyers and Sellers 👋 Welcome to TradeCityPro Channel! Let's dive into this cryptocurrency altcoin, after which I will explain in detail about Trump’s meme coin and his wife in the next analysis. 🔍 Bitcoin Overview Before starting today’s analysis, let’s take a quick look at Bitcoin on the 1-hour timeframe. Last night, we saw some volatility, triggered by the inauguration of the new U.S. president, Mr. Trump, which led to these movements. Initially, we experienced some bearish candles and dropped below $100,000. However, we bounced back and reached a new price ceiling of $109,350, which was touched on most exchanges. It was an unprecedented event for Bitcoin fans. 📅 Weekly Timeframe On the weekly timeframe, GALA is one of those cryptocurrencies that is still fluctuating within its larger range box. It seems likely that it will break out soon. The key resistance level here is at 0.06090. When we previously attempted to break the range box, the breakout was fake, and we returned to the box. For re-entry, I plan to buy long-term once the range box ceiling at 0.06090 is broken. However, I will need volume increase for confirmation. For now, the main exit trigger will be a break below 0.01579. 📈 Daily Timeframe On the daily timeframe, GALA is showing a good potential for a bullish movement as it’s breaking above its previous daily range. After breaking the resistance at 0.02434, the price moved up nicely to the range box resistance of 0.0609, which was a reasonable place to take profits or exit the position. I personally opted for the latter. Currently, the price is at a crucial support level at 0.03305, which is important on both the daily chart and also aligns with the 50% Fibonacci retracement level, a key technical point. This zone is considered a potential reversal zone (PRZ). For re-entry, I will buy if we experience a fake breakout at this support level or if we break above 0.04344. The most significant entry will be if the weekly ceiling of 0.06090 breaks. I will continue to hold my 0.02434 entry. For selling, I won’t do anything at 0.03305, but there’s a possibility I might open a short futures position, as the price could move towards 0.02821 or 0.02434.
Long
by tradecitypro
7
USNAS100: Breakout Confirmed with Correction & Bullish PotentialUSNAS100 Technical Analysis The price has broken out of the channel and stabilized above it. A correction is expected to 21,380 before pushing upward toward 21,630. If a 4-hour candle closes above 21,630, the bullish trend is likely to extend toward 21,760. For a bearish outlook, the price must break below 21,380 with a 4-hour candle close, targeting the 21,215 level and below. Key Levels Pivot Point: 21385 Resistance Levels: 21520, 21630, 21760 Support Levels: 21215, 21090, 20980 Trend Outlook Bullish: While above 21,385 Bearish: If 21,385 is broken
OANDA:NAS100USDLong
by SroshMayi
THE KOG REPORT THE KOG REPORT In last week’s KOG Report we said we would like to see price attempt a brief test of the high, reject and give us the move down which was successful. We then wanted to exit any short trades and find the optimal spot to long back up sticking to the bias and the bias targets as well as the red box targets and Excalibur. Combined, we got the move up from the pivot red box and managed to complete all of our bullish targets ending the week with a phenomenal pip capture tracking this precious metal at nearly every turning point up and down. A fantastic week again in Camelot not only on Gold but the other pairs we analyse and trade as well. So, what can we expect in the week ahead? For this week again we’ll stick with the bullish bias for now. The key level resistance on open is the 2715-14 price point, if rejected we should see a continuation of the move downside into the lower support levels 2700, 2690 and below that the key level and bias level support 2680-5. It’s that lower level that needs to be monitored, as building a base there and upon a clean reversal we feel the opportunity to then long the market again back up into the 2725, 2730 and above that 2740-5 region initially is what we’ll be looking for. Our weekly red box worked well last week giving the rejection we wanted, and due to the failed break, we would like to see that level attempted again to monitor whether we close above or not. This is really important for gold as another fail can result in another major correction before attempting higher pricing. KOG’s bias of the week: Bullish above 2680-5 with targets above 2720, 2730, 2735 and above that 2745 Bearish on break of 2780 with targets below 2670 and below that 2766 RED BOX TRADERS: Break above 2704 for 2710, 2716, 2735 and 2733 in extension of the move Break below 2695 for 2788, 2682, 2680 and 2665 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
34
BONKUSDT: Double Bottom Reversal or Breakdown Ahead?Yello, Paradisers! Are you watching BONKUSDT right now? Because what happens next at this critical support zone could either set up a massive bullish reversal or bring another wave of panic selling that traps impatient buyers. Let’s break down why this setup demands your full attention. 💎Right now, BONKUSDT is showing a healthy retracement after its recent moves, and the formation of a descending channel suggests a possible double bottom pattern could be in play. But here’s the catch — for this bullish scenario to play out, we need to see confirmation on the lower timeframes. Here’s what we’re watching closely: 💎If BONKUSDT gives us a bullish I-CHoCH (Internal Change of Character) on the lower timeframes within the current support zone, it will significantly increase the chances of a bullish breakout from this descending channel. This would be the first signal that buyers are stepping back in and preparing for a reversal. 💎However, if we see further retracement or even panic selling, don’t worry just yet. There’s a strong support zone below, where we can expect another potential bounce. But once again, we need bullish confirmation through an I-CHoCH in the lower timeframes to increase our probability of success. Without that confirmation, it’s best to stay cautious. 💎If BONKUSDT breaks down and closes a candle below the strong support zone, then our entire bullish idea gets invalidated. In this scenario, it’s better to stand aside and wait for a more reliable structure to form. No need to force trades — discipline beats FOMO every time. 💎It all comes down to patience and waiting for the right signals to line up. The lower timeframes hold the key, and as always, we must follow the price action, not get caught in emotions. Stay focused, Paradisers. Let the market show you the way — it’s all about timing and strategy. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
16
US30 Analysis: Breakout Confirmed with Possible Correction AheadUS30 Technical Analysis The price has broken the previous resistance level at 43,350, as mentioned earlier, and has reached all bullish targets. Now, a price correction is expected, potentially dropping to 40,450 or 43,350, before pushing upward toward 43,760. To confirm a bearish trend, the price must break below 43,350 by closing a 1-hour candle, which could lead to a move toward 43,210. Falling below this level would signal further bearish momentum. Key Levels: Pivot Point: 43,440 Resistance Levels: 43,760, 43,900, 44,270 Support Levels: 43,350, 43,210, 42,920 previous idea:
OANDA:US30USDLong
by SroshMayi