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Supportandresistancezones

GOLD (INSIDE ASCENDING CHANNEL ) (4H)XAUUSD HELLO TRADERS Tendency , the price is under bullish pressure , until trading above turning level at 2,386$ . TURNING LEVEL (1) : this level around 2,386$ , the price trading above this level , indicates it will be trying to reach resistance level (1) , beware if the price breaking this level by open 4h candle below this reach a support level (1) . RESISTANCE LEVEL (1) : this level around 2,420$ , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 2,439$, for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) . SUPPORT LEVEL (1) : this level around 2,365$, for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 2,343$, for reach this level will be breaking by open 4h candle below support level (1) . MY GOAL : resistance level (1) at 2,420$ TARGET LEVEL : RESISTANCE LEVEL : 2,420$ , 2,439$ . SUPPORT LEVEL : 2,365$ , 2,343$.
OANDA:XAUUSDLong
by ArinaKarayi
NAS100USD (BULLISH DIRECTION ) (4H)NAS100USD HELLO TRADERS Tendency , the price is under bullish pressure , until trading above 18,956 . TURNING LEVEL (1) : the price of this level at 19,114 , so if the price breaking this level reach a resistance level (1) , by breaking this level active bullish zone . TURNING LEVEL (2) : the price of this level at 0.126, so if the price breaking this level reach a support level (1) , by breaking this level active bearish zone . RESISTANCE LEVEL (1) : this level around 19,529 , for reach this resistance level the price need breaking a turning level (1) , indicates have good selling in this level RESISTANCE LEVEL (2) : around 20,093 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) RESISTANCE LEVEL (3) : around 20,694 , for reach this level it will be breaking by open 1D candle above resistance level (2) , indicates have very strong sells in this level . SUPPORT LEVEL (1) : this level around 18,627, for reach this support level the price need breaking a turning level (2) , indicates have good buying in this level . SUPPORT LEVEL (2) : support level at 18,240 , for reach this level will be breaking by open 4h candle below support level (1) . PRICE MOVEMENT : currently price 19,107 , have two scenario , first scenario corrective turning level (2), before rising to touch a turning level (1) , then breaking this level reach a resistance level (1), second scenario corrective turning level (1) , to reach a turning level (2) , then breaking this level reach a support level (1). TARGET LEVEL : RESISTANCE LEVEL : 19,529 , 20,093 , 20,694 . SUPPORT LEVEL : 18,627 , 18,240 .
OANDA:NAS100USDLong
by ArinaKarayi
STLA Long Swing 1H Aggressive CounterTrend TradeAggressive CounterTrend Trade - short impulse - unvolumed TE / T1 + support level + biggest volume Sp Calculated affordable stop limit 1 to 2 R/R take profit Daily CounterTrend "- short impulse + volumed TE/T1 level + support level - 1 bar reversal? Monthly trend "+ long impulse + T2 level + 1/2 correction + support level" STLA @NYSE Sell Limit 17.00, GTC Sell Stop 16.61 LMT 16.75, GTC I don't want to run it more than 1 to 2 R/R since 1 bar reversal on daily.
NYSE:STLALong
by MishaSuvorov
PEPE/USDT Trading ScenarioAfter hitting a new local high of $0.00001726, the price of PEPE entered a prolonged correction, dropping to $0.00000768, a decline of over 55%. In this range, the price found significant interest from market participants and nearly reached the high-volume level (Point of Control, POC), from which it bounced back and attempted to recover. Currently, the asset is in a consolidation phase, and according to the volume profile, interest in this price zone remains. The price might drop further, which could pressure new participants and provide an opportunity to buy at lower prices, closing out losing positions. A downward move and testing of the 200-day moving average appear promising for medium-term entry with the goal of setting a new local high.
by Rick_SimpleSwap
XRPUSDT ( BETWEEN TWO TURNING LEVEL ) ( 1H )XRPUSDT HELLO TRADERS Tendency , the price inside two turning level at 0.62 & 0.60 . TURNING LEVEL (1) : the price of this level at 0.60 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 0.62 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 0.65 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 0.69 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) . SUPPORT LEVEL (1) : this level around 0.56, for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 0.51, for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 0.61 , have two scenario , first corrective 0.62, before dropping to touch a 0.60 , then 0.56, second corrective 0.60 to reach a 0.62 , then breaking this level reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 0.65, 0.69 . SUPPORT LEVEL : 0.56 , 0.51 .
by ArinaKarayi
US30 ( UNDER BEARISH PRESSURE ) (4H)US30 HELLO TRADERS Tendency , the price is under bearish pressure , until trading below 40,884 . TURNING LEVEL (1) : the price of this level at 40,884 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 40,665 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 41,351 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 41,755 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) . SUPPORT LEVEL (1) : this level around 40,315 , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 39,954, for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 19,044 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1). MY GOAL : support level (1) at 40,315 TARGET LEVEL : RESISTANCE LEVEL : 41,351 , 41,755 . SUPPORT LEVEL : 40,315 , 39,954.
EIGHTCAP:US30Short
by ArinaKarayi
USOIL ( BREAKOUT DEMAND ZONE ) (4H)USOIL HELLO TRADERS Tendency , the price is under bearish pressure , after breakout demand zone . TURNING LEVEL : the price of turning level around 76.96 , until the price trading below this level reach a support level (1) , but if the price breaking this level reach resistance level (1) . RESISTANCE LEVEL (1) : this level around 80.49 , for reach this resistance the price it will be breaking turning level . RESISTANCE LEVEL (2) : around 82.83 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : as long the price trading below turning level reach this level around 75.05. SUPPORT LEVEL (2) : this level around 72.46, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) . CORRECTIVE : the price may be corrective turning level at 76.96 , before drooping . TARGET LEVEL : RESISTANCE LEVEL : 80.49 , 82.83 . SUPPORT LEVEL : 75.05 ,72.46 .
TVC:USOILShort
by ArinaKarayi
Sell EUR/USD Triangle BreakoutThe EUR/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.0852 Target Levels: 1st Support – 1.0816 2nd Support – 1.0801 Stop-Loss: To manage risk, place a stop-loss order above 1.0875. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
37
Buy GBP/JPY Symmetric TriangleThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 198.05 Target Levels: 1st Resistance – 200.71 2nd Resistance – 202.43 Stop-Loss: To manage risk, place a stop-loss order below 196.20. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
34
GEHC 1H Swing Long Aggressive Trend TradeAggressive Trend Trade - short impulse - unvolumed T1 level + biggest volume 2Sp+ + weak test + first bullish bar closed entry Calculated affordable stop limit Take profit: - 60% 1 to 2 R/R - 40% daily T1 Daily context "- short impulse - unvolumed T1 level + biggest volume 2Sp+ + weak test + first bullish bar closed entry" Monthly context "+ long impulse + T2 level + 1/2 correction + support level + volumed manipulation" GEHC @NASDAQ.NMS Sell Limit 83.59, GTC Sell Stop 79.59 LMT 80.69, GTC GEHC @NASDAQ.NMS Sell Limit 82.85, GTC GEHC @NASDAQ.NMS Sell Stop 79.59 LMT 80.69, GTC
NASDAQ:GEHCLong
by MishaSuvorov
EURUSD ( STABILIZING BELOW TURNING LEVEL ) (4H)EURUSD HELLO TRADERS Tendency , the price is under bearish pressure , until trading below 1.084 . TURNING LEVEL : the price of this level at 1.084 , as long as the price trading below this level reach a support level (1) , but if breaking by open 4h candle above this level reach a resistance level (1) RESISTANCE LEVEL (1) : this level around 1.088 , for reach this resistance level the price need breaking a turning level RESISTANCE LEVEL (2) : around 1.094 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 1.079, for reach this support level the price need stabilizing below turning level SUPPORT LEVEL (2) : support level at 1.076 , for reach this level will be breaking by open 4h candle below support level (1) PRICE MOVEMENT : currently price 1.083 , as long as the price trading below this level reach a support level (1) , but by breaking this level by open 4h candle above this reach a resistance level (1) , MY GOAL : support level (1) at 1.079 . TARGET LEVEL : RESISTANCE LEVEL : 1.088 , 1.094 . SUPPORT LEVEL : 1.079 , 1.076 .
Short
by ArinaKarayi
USDJPY ( INSIDE OLD DEMAND ZONE ) (4H)USDJPY HELLO TRADERS Tendency , the price inside two turning level at 154.786 & 153.625 . TURNING LEVEL (1) : the price of this level at 154.786 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 153.625 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 157.687 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 159.893 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) . SUPPORT LEVEL (1) : this level around 151.996 , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 150.180, for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 153.931 , have two scenario , first corrective 154.786 , before dropping to touch a 153.625 , then 151.996 , second corrective 153.625 to reach a 154.786, then breaking this level reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 157.687 , 159.893 . SUPPORT LEVEL : 151.996 , 150.180.
by ArinaKarayi
2
MCD 1H Swing / Investment Conservative Trend TradeConservative Trend Trade + long impulse + expanding T2 + volumed 2Sp- + weak test + first bullish bar closed entry Calculated affordable stop limit Take profit: 1/3 1 to 2 R/R 1/3 daily T1 level 1/3 monthly 1/2 Daily trend "+ long impulse + expanding T2 + volumed 2Sp- + weak test + first bullish bar closed entry" Monthly trens "+ long impulse + volumed T2 level + support level + 1/2 correction + biggest volume Sp + weak test" MCD @NYSE Sell Limit 261.99, GTC Sell Stop 250.94 LMT 253.18, GTC Sell Limit 257.63, GTC OCO 2A: Sell Shares of MCD Limit at $271.49 (Good 'til Canceled) OCO 2B: Sell Shares of MCD Stop at $250.94 Limit at $251.94 (Good 'til Canceled)
NYSE:MCDLong
by MishaSuvorov
Buy USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8853 Target Levels: 1st Resistance – 0.8895 2nd Resistance – 0.8923 Stop-Loss: To manage risk, place a stop-loss order below 0.8790. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
28
GOLD ( UNDER BULLISH PRESSURE ) (1H)XAUUSD HELLO TRADERS Tendency , the price is under bullish pressure , until trading above 2,386$ . TURNING LEVEL (1) : the price of this level at 2,407$, so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 2,386$, so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 2,430$ , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 2,452$ , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 2,370$, for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 2,355$ , for reach this level will be breaking by open 4h candle below support level (1) , . PRICE MOVEMENT : currently price 2,394$ , have two scenario , first scenario corrective turning level (2), before rising to touch a turning level (1) , then breaking this level reach a resistance level (1), second scenario corrective turning level (1) , to reach a turning level (2) , then breaking this level reach a support level (1). MY GOAL : resistance level (1) at 2,430$ . TARGET LEVEL : RESISTANCE LEVEL : 2,430$ , 2,452$ . SUPPORT LEVEL : 2,370$ , 2,355$ .
OANDA:XAUUSDLong
by ArinaKarayi
Sell USD/CAD Channel BreakoutThe USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3813, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.3775 2nd Support – 1.3748 Stop-Loss: To manage risk, place a stop-loss order above 1.3855. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
17
XRPPUSDT ( INSIDE SUPPLY ZONE ) ( 1D )XRPUSDT HELLO TRADERS Tendency , the price inside two turning level around 199.493 & 197.879 , inside a supply zone TURNING LEVEL (1) : the price of this level at 0.61 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 0.57 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 0.67 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 0.72 , for reach this level it will be breaking by open 1d or 4h or 1h candle above resistance level (1) . SUPPORT LEVEL (1) : this level around 0.50 , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 0.32, for reach this level will be breaking by open 1d candle below support level (1) . PRICE MOVEMENT :currently price around 0.60 , the price inside supply zone , in my suggest the price may be corrective 0.61 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 0.67 , 0.72 . SUPPORT LEVEL : 0.50 , 0.32 .
Short
by ArinaKarayi
What is Support and Resistance in Trading. Key Levels Basics In the today's article, we will discuss the absolute basics of technical analysis: support and resistance levels. I will explain to you why support and resistance are important , how to identify them properly, and we will discuss what is the difference between support and resistance level and support or resistance zone. Let's start with a definition of a support . A support is a historically significant price level that lies below the current prices of an asset. While a resistance is a historically significant price level that is above the current prices. From a key resistance, a bearish movement will be anticipated in futures, while from a key support, a bullish reaction will be expected. Take a look at EURAUD pair, we can see a perfect example of a key resistance level. 2 times in a row, the market dropped from that in the past, confirming its significance. By a historical significance , I mean that the price reacted strongly to such price level in the past and a strong bullish, bearish movement initiated from that. Above is the example of a key horizontal support on EURCHF. The underlined key level was respected by the market multiple times in the past. From time to time, the market breaks key levels. After a breakout , a support turns into resistance and a resistance turns into support. Above is the example of a breakout of a key support on GBPNZD, after its violation it turned into resistance from where a bearish movement followed. Always remember, that in order to confirm a breakout of a key support, we strictly need a candle close below that. By the way, the structure here is also the zone, but we will discuss it later on. Above is the example of a breakout of a key resistance, that turned into support after a violation. Very often, newbie traders ask me, how many times the price should react to a key level to make it valid. I do believe that 1 time is more than enough, however, make sure that the reaction to that is strong . Above are key support and resistance on GBPCAD. Even though both structures were respected just one time in the past, the reaction to them was strong enough to confirm that the underlined levels are the key levels. However, historical significance of a key support or resistance is not enough to make it valid. What matters is the most recent reaction of the price to that. Key supports and resistance lose their significance with time, and your job as a technical analyst, is to stay flexible and adapt to changing market conditions, regularly updating your analysis. Above is a key resistance level on AUDJPY from where the market dropped heavily 2 times in a row. However, with time, the underlined resistance lost its significance. Such a structure is not a key level anymore. Remember a simple rule: if a key structure is not respected by the sellers, and by the buyers after its breakout. Or vice versa: if a key structure is not respected by the buyers, and then by the sellers after its breakout. Such a structure is not a key level , and you should not rely on that in the future. In our example, the resistance was broken - it was neglected by the sellers. After the breakout, it should have turned into support, but the buyers also neglected that and the structure lost its strength. Now, a couple of words about time frames, you can identify key support and resistances on any time frame, but the rule is that higher is the time frame, more significant are the supports and resistances there. In my analysis, I primarily rely on support and resistance on a daily time frame. Always remember that the financial markets are not perfect and the prices will quite rarely respect the exact support or resistance levels. Quite often, the markets may fluctuate around key levels so it is highly recommendable to rely not on single key levels but on zones. I recommend taking into consideration not only the exact level from where a strong reaction followed, but also a candle close level of such a candle. The support zone above is based on a wick and a candle close of a candle. Also, quite often there will be the situations when multiple key levels will lie close to each other. In such a case, it is better to unite all this structures in one single zone. Above we see multiple key resistances. We will unite all these resistances into one single zone. The upper boundary of a resistance zone will be the highest wick and its lower boundary will be the highest candle close. Above we have 2 key supports lying close to each other. We will unite these supports into one single zone. The lower boundary of a support zone will be the lowest wick and the upper boundary will be the lowest candle close. Here is how a complete structure analysis should look. Following the rules that we discussed, you should identify at least 2 closest key resistances and 2 closest key supports. These structures will be applied as the entries for various trading strategies. ❤️Please, support my work with like, thank you!❤️
Education
by VasilyTrader
23
Micron Technology - Patience and price action!NASDAQ:MU is literally creating so clear and repetitive market structure, this is textbook. Bullish break and retest, cycle and correction. Micron Technology has been repeating this price action for over a decade and is about to enter another correction phase. If you don't want to trade this anticipated correction, you can instead wait for another retest of previous resistance, bullish confirmation and a rejection. Following the cycles, a bullish move there is quite likely. Levels to watch: $140, $95 Keep your long term vision, Philip - BasicTrading
NASDAQ:MUShort
by basictradingtv
11