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Support and Resistance

AUD/JPY 4H Timeframe AnalysisAUD/JPY 4H Timeframe Analysis Trend Analysis: The AUD/JPY pair is currently in a reversal phase, with the price initially hitting minor support at 95.700 during a downtrend. This was followed by the formation of a Doji and a Bullish Engulfing Candle, signaling a shift in market sentiment. The price began creating higher highs and higher lows, eventually breaking the minor resistance at 98.200. After a retest of this level, a double bottom formed, accompanied by a wick rejection and a bullish engulfing candle, further confirming the bullish reversal. The price then moved above the minor resistance, accumulated buying orders, and performed a liquidity grab below the resistance before resuming its upward momentum. Price Action Expectation: After the liquidity grab, our objective is to wait for the price to break above the minor key resistance at 98.200 again, confirming a continuation of the bullish trend. The plan is to place a buy stop order above the resistance at 98.240, ensuring entry once the breakout is confirmed. A stop loss will be placed below the liquidity grab at 97.460, while the target for this trade will be the next resistance level at 99.930. Trade Setup: Trade Type: Buy Stop Entry Price: 98.240 (just above the minor resistance after a breakout) Stop Loss: 97.460 (below the liquidity grab) Take Profit: 99.930 (next resistance level) Additional Considerations: Key Level Reactions: Monitor price behavior near 98.200. If the price fails to break above this level, it may indicate potential consolidation or reversal. Risk Management: Ensure proper position sizing to maintain a favorable risk-to-reward ratio of at least 1:2. External Factors: Stay vigilant for economic data releases or geopolitical events that may impact the AUD or JPY, as these can introduce unexpected volatility. Conclusion: The AUD/JPY pair exhibits strong bullish potential following a liquidity grab and double bottom formation. Traders should watch for confirmation of the breakout above 98.240 to capitalize on the continuation toward the 99.930 resistance level. As always, careful risk management and attention to key levels are essential for executing this trade effectively.
Long
by RebornFXTrader
NEAR long entryhello to everybody and welcome back to another analysis with me, I hope you are all doing well. in this analysis, we are gonna take a long position on NEAR. after dumping for days, the price finally gave us a structure shift in the higher time frame and after pulling back for a day, the pullback phase is potentially over because we got a change of character in the lower time frame and it potentially means that the price is ready to go higher and take out the high that I targeted and make a higher high in 1h TF (hopefully). remember to manage your risk and we all trade by probability, not certainty. this is not financial advice and is my personal trades and opinions on the market so keep that in mind. thanks for reading and have a great day. <3
Long
by IEatGreenPaper
IBIT | Be PatientThe market is declining rapidly, and Bitcoin remains highly volatile, making it dangerous to take risks in the current environment. I have marked the HTF (High Time Frame) demand zones as critical areas to monitor. Trades should be based on the reactions observed in these demand zones on lower timeframes. This approach helps minimize risk while identifying potential entry points with stronger confirmation. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
NASDAQ:IBITLong
by XU99
XAUUSD GOLD Swing TradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
OANDA:XAUUSDLong
by OptionCallPro
Nasdaq 100 Wave Analysis 23 December 2024 - Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance level 22000.00 Nasdaq 100 index recently reversed up from the strong support level 21000.00 (former resistance from the start of November), intersecting with the support trendline of the daily up channel from November and the 50% Fibonacci correction of the upward impulse from October. The upward reversal from the support level 21000.00 created the daily Japanese candlesticks reversal pattern Long-legged Doji. Given the clear daily uptrend, Nasdaq 100 index can be expected to rise to the next resistance level 22000.00, which stopped the previous impulse wave i.
NASDAQ:NDXLong
by FxProGlobal
Possible scenario for EURCHFlet's first talk about the white trendline which has been intact since May 2024 but now it has been broken and after the price came back this time trendline acted as support and gave a decent bounce. If it sustains there the chances are that the price will touch the yellow trendline which is a strong resistance since 2021 and still intact. One more point is that the support level of 0.9025 has been tested twice since 2002. Using this analysis a nice buy setup can be found on 1Hr TF for higher RR
Long
by faisal-101
EURCAD Short SignalAnalysis: Why EURCAD is bearish 1. inversion fair value gap (IFVG): Price has reached the marked Inversion Fair Value Gap (IFVG) at the 1.49589 area, which serves as a resistance zone. Liquidity is often tapped in such areas before a reversal movement sets in. The decline from the IFVG area indicates that sellers have become active. 2nd Fibonacci retracement level: The 70.5% level (1.49630) is a significant resistance area. These levels are often used to open short positions, especially when they coincide with other resistance indicators, such as the IFVG in this case. 3rd order block (OB-): Price has tested a previous bearish order block (OB), which is also in the resistance zone. This area is often used as an entry point for sellers, as many sell orders are collected there. 4. structural reversal: The recent move into the resistance area shows a clear reaction, indicating a possible reversal to the downtrend. As long as the price does not form significant higher highs, the overall structure remains bearish. Conclusion: EURCAD is showing clear signs of a bearish reversal. The IFVG area, Fibonacci resistances and the order block reinforce the case for a short position. A potential target could lie in lower support areas if the price continues to form low highs and lows. Translated with DeepL.com (free version)
Short
by DavidOakFx
"BTC/USD Price Action Analysis: Key Resistance Levels Ahead""Hello Traders, Here's my latest analysis of Bitcoin (BTC/USD) using price action techniques. The market has recently shown a significant downward move, but there is a potential for recovery based on the current structure. Key Levels Identified: Support: $95,548 Immediate Resistance: $102,826 Major Resistance: $107,841 Scenario Overview: Based on the current price action, I anticipate a potential bullish reversal from the $95,548 support level. The market may test the resistance levels at $102,826 and then move towards $107,841. Trade Plan: Entry: Around $96,000 (upon confirmation of reversal) Stop Loss: Below $95,000 Take Profit 1: $102,826 Take Profit 2: $107,841 The yellow horizontal lines represent key support and resistance zones, and the projected white path shows my anticipated price trajectory. This analysis is not financial advice; it's for educational purposes only. Feel free to share your thoughts in the comments and let me know your perspective!"
Short
by Tradeaione
EconOptic| Is BITCOIN heading towards 90K?4-Hour Timeframe Analysis The ascending channel has been broken to the downside, followed by a pullback to the lower boundary of the channel. This movement allows us to use the Fibonacci Extension tool, which identifies the 0.618 level as a potential target for this wave. Simultaneously, I have drawn a Fibonacci Retracement tool on the daily timeframe, starting from the first low before the beginning of the previous upward wave (before breaking the daily box) to the recent high. This tool highlights the 0.382 level, which could indicate strong bullish momentum if it turns out to be Bitcoin’s bottom. Alongside these two tools, we also have a support zone in the same area. Lastly, the 1:1 risk-to-reward target of the ascending channel aligns with this support zone and the levels identified by the Fibonacci tools. Together, these factors form a Potential Reversal Zone (PRZ). However, despite these indications, I will not base my entry solely on them, as they are probabilities and do not guarantee a reversal. Bitcoin may still be inclined to decline further. I will only consider entering a long position if I see confirmed price support, stabilization, and the initiation of a new upward momentum. All of these remain probabilities for now.
by EconOptic
1
NIFTY 50 24th DECEMBER 2024Stop-Loss (Red Zone)(23680): Your stop-loss is set below the recent swing low, which is a good strategy as it protects against potential downside movement if the price reverses. Entry Zone:(23770) It seems you are entering a long position (buy) in a consolidation phase after the price formed a possible higher low. This suggests you expect the price to move up toward the targets. Target Levels (Green Lines): 1st Target (23,920.70): This is a reasonable target, as it aligns with a previous resistance zone (from the left side of the chart). If the price reaches this level, a partial profit booking strategy can be applied. 2nd Target (23,973.75): This is just above the 1st target, closer to the next resistance level. It's a logical continuation of the trend if momentum sustains. 3rd Target (24,009.20):
NSE:NIFTYLong
by trade_geeks
BETA/USDT: Descending Channel Setup | 575% Potential Return BINANCE:BETA/USDT - 1W TIMEFRAME🎯 TRADE SETUP: ━━━━━━━━━━━━━━━━ ✦ CURRENT PRICE: $0.04446 (-2.92%) ✦ TARGET: $0.19071 (+575.85%) ✦ STOP LOSS: -10% (Marked in red) ✦ RISK:REWARD: 57:1 ✦ VOLUME: 11.82M TECHNICAL ANALYSIS: ━━━━━━━━━━━━━━━━ 1. PATTERN STRUCTURE: • Trading within descending channel • Double trend line resistance (black & blue) • Clear support zone at channel bottom • Potential reversal zone approaching 2. MARKET CONTEXT: • Price near historical support • Volume stabilizing at lows • Channel compression point ahead • Strong overhead resistance levels 3. PROJECTED MOVEMENT (White Line): • Initial consolidation period • Break above both trend lines • Accelerated move to target zone • Multiple retests expected STRATEGY EXECUTION: ━━━━━━━━━━━━━━━━ ENTRY PLAN: • Base entry near current levels • Add on trend line breaks • Final position on volume confirmation RISK MANAGEMENT: • Clear -10% stop loss defined • Cut losses if channel support breaks • Scale out at resistance levels IMPORTANT DATES: ━━━━━━━━━━━━━━━━ • Pattern completion: Early 2025 • Target timeframe: Late 2025 - Early 2026 • Critical support test: Q1 2025 RISK DISCLOSURE: ━━━━━━━━━━━━━━━━ Trading involves substantial risk. This analysis is for educational purposes only. Always conduct your own research and use proper risk management. #BETA #TechnicalAnalysis #Crypto #TradingView #CryptoTrading Tags: @TradingView Note: The stop loss level is clearly defined at -10%, providing a precise risk management point for this high-reward setup.
Long
by Supachai-Taechapisit
USD/CAD 4H Timeframe AnalysisUSD/CAD 4H Timeframe Analysis Trend Analysis: The USD/CAD pair remains in an uptrend on the 4-hour timeframe. The price recently broke above the minor key resistance at 1.4400, forming a strong bullish candle that closed above this critical level. However, an inverted hammer followed, signaling potential market hesitation and a possible reversal. The price entered a manipulation phase, moving lower to grab stop-loss orders below the minor resistance level before showing signs of recovery. The trendlines plotted for key support and resistance levels suggest potential opportunities for reversals or breakouts in either direction. Price Action Expectation: Our objective is to wait for the price to break above the minor key resistance at 1.4400 again, confirming bullish continuation: Entry Plan: Place a buy stop order at 1.44020 to ensure entry upon confirmation of the breakout. Stop Loss: Position below the liquidity grab at 1.43340 for risk management. Take Profit: Target the next resistance at 1.45400, yielding a favorable risk-to-reward ratio of 2:1. Fundamental Insights: The US Dollar (USD) regains some positive traction after Friday’s pullback from a two-year high, buoyed by the Federal Reserve’s hawkish shift, signaling a slower pace of rate cuts in 2025. This outlook supports elevated US Treasury yields, providing a tailwind for the greenback. Conversely, the Canadian Dollar (CAD) continues to face pressure due to domestic political uncertainties and the Bank of Canada’s dovish stance. The BoC recently projected slower growth in Q4 and highlighted concerns about potential new tariffs on Canadian exports to the US, creating an unclear economic outlook. Moreover, Statistics Canada reported weaker-than-expected retail sales for October and stagnation in November. However, an uptick in crude oil prices lends some support to the commodity-linked CAD, potentially capping USD/CAD’s upside. News Consideration: Later today, the Canadian GDP m/m report is scheduled, with a forecasted growth rate of 0.2%. This release could significantly impact the USD/CAD pair, as any deviation from the forecast may trigger volatility. Trade Setup: Trade Type: Buy Stop Entry Price: 1.44020 Stop Loss: 1.43340 Take Profit: 1.45400 Additional Considerations: Key Levels: Monitor price behavior around 1.4400 and 1.43340, as these levels will guide short-term direction. Risk Management: Use proper position sizing to maintain a favorable risk-to-reward ratio, considering the potential volatility from the GDP release. Conclusion: USD/CAD shows bullish potential if the price confirms a breakout above 1.44020. The fundamental backdrop supports USD strength, while CAD remains vulnerable to political and economic concerns. Watch for price confirmation and market reactions to the GDP release to optimize trade execution. Targeting the 1.45400 resistance level offers a compelling opportunity, provided risk is managed effectively.
Long
by RebornFXTrader
SNTUSDT Analysis: Avoid Getting Stuck in Mid-RangesI don’t want you to get lost in the mid-range areas . For SNTUSDT, I believe the blue box is a high-value demand zone . Given that overall market conditions are weak , I’ve identified a lower entry point that aligns with a safer and more strategic approach. The blue box holds significance from multiple perspectives . I used heatmap , cumulative volume delta (CVD) , and volume footprint techniques to determine this precise demand region where buyers could potentially regain control. Key Points: Avoid Mid-Ranges: Focus on clear demand zones to avoid indecision. Blue Box: A critical demand zone identified as a potential buyer area. Techniques Used: Heatmap, CVD, and volume footprint for accuracy and precision. If you'd like to learn how I use these tools to pinpoint such precise demand zones, just DM me! If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you! I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total 🌟 FORTHUSDT: Sniper Entry +%26 Reaction 🐳 QKCUSDT: Sniper Entry +%57 Reaction I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Long
by XU99