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Support and Resistance

S&P 500 Intraday & Swing Entries H1 entry is close to getting activated for intraday. If you want a swing trade then wait for H4 entry (you might be waiting a while obviously) Reason for entries - We have broken out of Balance since July 25th and currently in a trend phase until we establish a new value area, or return to the one we broke out from. So since Trend and Momentum is UP, then we should find Low Volume Areas to enter in the direction of the trend for a classic pullback entry trade.
CME_MINI:MES1!Long
by ExoProtocol
EURAUD to see a temporary move lower?EURAUD - 24h expiry The primary trend remains bullish. The selloff is close to an exhaustion count on the daily chart. Preferred trade is to buy on dips. Risk/Reward would be poor to call a buy from current levels. Bespoke support is located at 1.7685. We look to Buy at 1.7685 (stop at 1.7635) Our profit targets will be 1.7885 and 1.7910 Resistance: 1.7850 / 1.7910 / 1.7950 Support: 1.7700 / 1.7680 / 1.7630 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GOLD -Key Levels-Wait for Confirmation!Gold (XAUUSD) is now testing a critical Rejection Area 📍 (around 3,328–3,333), right beneath a minor CHOCH zone. This is a key decision level, and I'm just waiting for price to show its intrest – no early entries here. ⚠️ 🔼 Bullish Scenario: Price fails to hold above minor CHOCH ✅ Comes back to retest the Rejection Area as support 🧱 If we get a clean bounce + confirmation, I’ll look for buys toward 3,346 → 3,360 🎯 🔽 Bearish Scenario: Price rejects from minor CHOCH ❌ Gives strong bearish confirmation 🔻 Then retests the Rejection Area as resistance 🚫 That’s my cue to short toward 3,310 → 3,295 📉 NOTE: possibility is that market take all liquidity from sell side. Avoid Taking any trade untill setup is clean. Being patient here. Confirmation is everything! Let’s see🔍💡 Avoid Mid-Zone Entries!
FX:XAUUSD
by AsadYaseen_
BITCOIN → Correction within a downward channel. 112K or 125K?BINANCE:BTCUSDT is consolidating. However, a local downward trading range is forming relative to the current setup. What is the probability of a correction continuing to 112K or growth to 125K? Daily structure: a local correctional channel within a global bullish trend. We have cascading resistance at 119.2, 119.6, 120, and 120.8. It will be quite difficult to break through this zone on the first attempt, but MM can use it to form traps and collect liquidity. At the bottom, everything is simpler — a breakdown of the local bullish structure, the formation of an intermediate minimum, below which there is a void down to 112K. Yesterday, relative to 115-116K, mm staged a massacre (trap) on both sides of the market. Liquidity collection, return to the range, and growth. The reaction to the false breakdown of support is quite strong. Since the opening of the session, Bitcoin has been heading towards resistance, but there may not be enough potential to break through the upper resistance conglomerate, so I expect to see a pullback or decline to 116-115-114. Resistance levels: 119.2, 120.1, 120.85 Support levels: 116.37, 115.67, 112 Technically and fundamentally, I do not see any drivers that could support the market (I am talking about Bitcoin, since the driver for altcoins is the decline in Bitcoin's dominance). It is possible that this may appear later. In the current situation, I am considering a false breakout and correction, as the market has not yet finished consolidating or correcting, and the current downward trading range may be extended. PS: As the price moves towards resistance, it is necessary to monitor the reaction. The market itself will show what it is preparing for... Best regards, R. Linda!
Short
by RLinda
30
EURUSD | Faces Continued Downside, Reversal Above 1.1745EURUSD | Faces Continued Downside Risk; Reversal Only Confirmed Above 1.1747 The price initiated a bearish trend from the resistance level at 1.1747 and continues to decline. As long as it remains below the pivot level at 1.1685, further downside pressure is expected, with potential targets at 1.1632 and 1.1559. A confirmed break below this zone would reinforce the more bearish momentum. However, if the price reverses and moves back above the pivot line, it may first reach 1.1747 before resuming the downward trend again. The bullish trend confirmation will start above 1.1747. Key Levels: • Pivot line: 1.1685 • Resistance: 1.1747, 1.1894. • Support: 1.1632, 1.15993, 1.1559.
Short
by SroshMayi
Be cautious with the numerous news and short sell on rebound#XAUUSD The market is fluctuating sideways, and whether it can achieve a V-shaped reversal still needs to wait for information such as ADP and the Federal Reserve's decision.🗞 Invest lightly today and avoid letting emotions dictate your thinking.⚖️ ⚠️Although the market currently predicts that the news information is bullish for gold, and most of the trading voices are centered around bulls, we still need to be wary of the resistance area above 3345-3350. 📉Judging from the daily chart, I have clearly stated in the figure before that the current trend is a converging triangle. If the price hits the triangle boundary, coupled with the interference of external news, it may trigger panic selling, killing a wave of long buyers first🐂, and then trigger an upward trend when it retreats to near the 3300 support level, and may even test the support level of 3285. 🩳 The 4H chart shows that although the rebound momentum is still continuing📈, the gold price is still below the short-term moving average and has only recovered the lower support level. It is necessary to wait for a second retracement confirmation to determine whether a true trend reversal has been achieved. 📈 In addition, the price on the hourly chart continues to run in a downward channel. Combined with the previous trend pattern, after the rebound correction at the 4H level is completed, it is highly likely that the downward trend will continue to return to the lower support level of the daily level.🐻 If resistance is encountered at 3345-3350 for the first time today, consider shorting.💡 If the price currently retreats to around 3320-3315, consider a short-term long position. Long positions held yesterday can be manually closed at around 3330.💡 🚀 SELL 3340-3350 🚀 TP 3330-3320-3300 🚀 BUY 3320-3315 🚀 TP 3330-3340
OANDA:XAUUSDShort
by Halson_Winston
THE KOG REPORT - FOMCTHE KOG REPORT – FOMC This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. It’s been an aggressive month on the markets especially this week which has been testing for traders due to the extended movement on gold. We’ve managed to stay ahead of the game and although we missed the move downside, we’ve capture scalps up and down trading it on an intra-day basis rather than a swing. Looking at the 4H chart, we can see we have support forming at the 3310 level which is the key level for this week and will need to be broken to go lower. If we can flip the 3334 resistance, price should attempt higher into the 3355-60 region which is where we may settle in preparation for NFP. on Friday This is the level that needs to be watched for the daily close, as a close above will confirm the structure and pattern test which can form a reversal if not breached. Now, here is the flip! We’re still sitting below the daily red box but we know this break does give a retracement and with sentiment long, it may not be a complete retracement again. Here 3345-50 is the red box to watch and as above, if not breached, we may see a rejection here which will confirm no reversal for higher and, potentially a further decline into the 3270-5 regions for the end of the month and quarter. Pivot – 3323-6 RED BOX TARGETS: Break above 3335 for 3338, 3340, 3345, 3347 and 3357 in extension of the move Break below 3320 for 3310, 3306, 3302, 3297 and 3393 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
Gold is in the Bearish Direction after Breaking 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:XAUUSDShort
by ForexMasters2000
USDJPY Short from ResistanceHello Traders In This Chart USDJPY HOURLY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY 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
Is altcoin season over before it even started?Guys, Gonna break down the situation on the chart to see where we can go next with the altcoins. We see the key resistance levels and now we moving in kinda bullish pennant, but considering descending volumes we can easily test the support line and go back to the 1.25T. (maybe even lower) After that, seems like we can try to go back and break the 1.64T resistance zone and previous ATH. Anyway current market is going to be way more different from previous cycles, because huge institutions can feel nice only in hyper volatile, so divide your strategy between short, mid and long term investments to take profits. Good trades and share your thoughts down to see what others think.
CRYPTOCAP:TOTAL2Short
by SheTradesHub
EURUSD Sell Explained...+100 pips, 3 TPS, 1 StrategyHey Rich Friends, Happy Wednesday. I wanted to updated you on the EURUSD sell idea I posted a few days ago: All of my TPs were hit and I was able to secure more than 100 pips in this trade. Here is a synopsis of my strategy: - Draw support and resistance lines on 2-3 time frames - Wait for a break of structure above or below previous support or resistance to enter - Check confirmations on the stochastic (buy = if stoch is facing up and the blue line is on top. sell = if stoch is facing down and the orange line is on top) I will make a full strategy video soon, but that is basically it. I follow the same process over and over again because it works. If this video was helpful or you have any questions, let me know below in the comments. Peace and Profits, Cha
by MoneyMantraCha
How to Find Liquidity Zones/Clusters on Any Forex Pair (GOLD) You need just 1 minute of your time to find significant liquidity zones on any Forex pair and Gold. In this article, I will teach you how to identify supply and demand zones easily step by step. Liquidity Basics By a market liquidity, I mean market orders. The orders are not equally distributed among all the price levels. While some will concentrate the interest of the market participants, some levels will be low on liquidity. Price levels and the areas that will attract and amass trading orders will be called liquidity zones. How to Find Supply Zones To find the strongest liquidity clusters, we will need to analyze a daily time frame. A liquidity zone that is above current prices will be called a supply zone. High volumes of selling orders will be distributed within. One of the proven techniques to find such zones is to analyze a historic price action. You should identify a price level that acted as a strong resistance in the past. 4 horizontal levels that I underlined on EURGBP influenced market behavior in the recent past. The price retraced from these levels significantly. Why It Happened? A down movement could occur because of an excess of selling orders and a closure of long positions by the buyers. These factors indicate a high concentration of a liquidity around these price levels. How to Draw Supply Zone? One more thing to note about all these horizontal levels is that they cluster and the distance between them is relatively small . To find a significant liquidity supply zone, I advise merging them into a single zone. To draw that properly, its high should be based on the highest high among these levels. Its low should be based on the highest candle close level. Following this strategy, here are 2 more significant supply zones. We will assume that selling interest will concentrate within these areas and selling orders will be spread across its price ranges. How to Find Demand Zones A liquidity zone that is below current spot price levels will be called a demand zone . We will assume that buying orders will accumulate within. To find these zones, we will analyze historically important price levels that acted as strong supports in the past. I found 3 key support levels. After tests of these levels, buying pressure emerged. Why It Happened? A bullish movement could occur because of an excess of buying orders and a closure of short positions by the sellers. Such clues strongly indicate a concentration of liquidity. How to Draw Demand Zones? Because these levels are close to each other, we will unify them into a one liquidity demand zone. To draw a demand zone, I suggest that its low should be the lowest low among these key levels and its high should be the lowest candle close. Examine 2 more liquidity zones that I found following this method. Please, note that Demand Zone 2 is based on one single key level. It is not mandatory for a liquidity zone to be based on multiple significant levels, it can be just one. We will assume that buying interest will concentrate within these areas and buying orders will be allocated within the hole range. Broken Liquidity Zones There is one more liquidity zone that I did not underline. That is a broken supply zone. After a breakout and a candle close above, it turned into a demand zone. For that reason, I plotted that based on the rules of supply zone drawing. Start Market Analysis From Liquidity Liquidity zones are one of the core elements of forex trading. Your ability to recognize them properly is the key in predicting accurate price reversals. Identify liquidity zones for: spotting safe entry points, use these zones as targets, set your stop losses taking them into consideration. They will help you to better understand the psychology of the market participants and their behavior. I hope that the today's tutorial demonstrated you that it is very easy to find them. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
1
Nvidia Just Under Major SupportNvidia seems to have been pulled down by the Dow just like Apple as both are just under major support. I'm sorry for my previous Nvidia chart that drew support near 140, I recognize where I screwed up, but this chart should be good. Fortunately actual 117 support wasn't that far below and my NVDA isn't too in the red. NVDA has the lowest revenue multiple in years right now. I know it's well off it's long term trend line, but it's growth rate is unlike anything it's ever been so expecting a steeper trend line to appear makes a lot of sense. Eventually I would imagine we'll get back to that trend line, but not anytime soon. The Dow hitting major support should finally lift NVDA and the others that have been dragged down like AAPL and AMZN. Good luck!
NASDAQ:NVDALong
by bwy
5