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Support_and_resistance

USDCAD at Key Resistance: Bearish Bounce ExpectedOANDA:USDCAD is approaching a significant resistance zone, marked by historical price rejections and strong seller activity in the past. The current market structure indicates the potential for a reversal in this area if price action confirms seller strength. If the price confirms rejection from this resistance zone, I anticipate a move downward toward the 1.43925 level, which represents a logical target within the current market structure What are your thoughts on this analysis? Feel free to share any additional insights or alternative perspectives in the comments!
Short
by DanieIM
1
Alikze »» MOVR | Supercycle Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Super cycle Bullish Wave 3 or C Scenario - 1D 📣 MEXC:MOVRUSDT currency has encountered demand after a zigzag correction in the 3.61 range, which has had a rapid upward rally 🟢 After that, the price has had a double complex zigzag correction to the origin of the third upward wave. 🟢 Again, in the origin of the third movement, with a three-wave movement, it has encountered demand again in the area of ​​the bottom of the ascending channel. 🟢 Currently, selling pressure is also observed in the ceiling of the ascending channel and the supply area. 💎 If this correction is broken in the form of a zigzag to the minor ceiling, it can be extended to the minor ceiling. It can again encounter demand and an upward rally to the minor ceiling of the previous rally. 💎 Depending on the momentum, this cycle can be a super cycle wave 3 or C to touch the red box area. ⚠️In addition, if the area touches the bottom of the previous wave, the bullish scenario is invalidated and should be re-examined and updated.⚠️ »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
7
USDCAD - Potential Short from Key Resistance ZoneThe USDCAD pair is testing a significant supply zone, a level that has consistently acted as resistance in the past. The strong upward momentum approaching this area may lead to a reversal as sellers look to regain control. A bearish confirmation, such as rejection candles (e.g., shooting stars), bearish engulfing patterns, or long upper wicks, would strengthen the case for a short position. If this setup plays out, the price could head toward the 1.43928 level. Traders should monitor price action closely for signs of selling pressure before entering short positions.
Short
by TrendDiva
1
AUDNZD Testing Resistance – Pullback Toward 1.1069 ExpectedAUDNZD is at a significant supply zone, marked by historical price rejections and strong selling pressure in the past. This zone has previously acted as a turning point, where sellers regained control and drove prices lower. The recent bullish rally has brought the price into this critical resistance area. Given the strength of this supply zone, there is a high probability of a bearish reversal if price action confirms rejection (e.g., bearish engulfing candles or upper wicks signaling selling pressure). I anticipate a bearish move toward the 1.1069 level, which represents a logical target for this setup. This setup aligns with the expectation of a potential correction within the broader market context.
Short
by DanieIM
1
GOLD - Potential Bullish Break & Retest SetupGold is currently trading above the $2,700 level, which previously acted as resistance and could now serve as support. If the price pulls back and buyers defend this level, it could confirm bullish momentum, leading to a continuation toward the next target at $2,712. However, failure to hold above the zone may invalidate this setup and signal potential bearish pressure. This scenario aligns with the broader ascending channel structure, suggesting the potential for further upside if key support holds.
FX:XAUUSDLong
by TrendDiva
1
CADCHF – Potential Short Opportunity on RetestCADCHF has broken below a key support zone, indicating a shift in momentum to the downside. This zone previously acted as support and may now turn into resistance, aligning with the break-and-retest strategy. A bearish confirmation, such as rejection candles, a bearish engulfing pattern, or slowing bullish momentum, would strengthen the case for continued downside. Should this scenario play out, the next target for sellers would be around the 0.63387 level. Traders should remain patient and wait for the price to revisit the resistance zone and provide clear rejection signals before considering short positions.
Short
by TrendDiva
3
APPLE - Bullish Setup at Channel SupportApple stock has recently rejected a significant support zone, which aligns with the lower boundary of the ascending channel. This rejection was accompanied by a strong bullish candlestick, signaling renewed buying momentum. The price is now positioned for a potential move toward the $250.00 level. This setup suggests further bullish continuation as long as the support zone holds. Traders may look for additional signs of buying strength as the price approaches higher levels.
NASDAQ:AAPLLong
by TrendDiva
1
GOLD: Short Setup from Key ResistanceThe XAUUSD pair is testing a key resistance zone, where selling pressure may emerge. The current structure suggests a potential short-term pullback as price consolidates at this level. If the price confirms rejection from this resistance zone, I anticipate a move downward toward the $2,680.96 level, which aligns with prior price reactions and serves as a logical short-term target. This setup aligns with the idea of a minor correction from resistance, offering a potential opportunity for a short-term trade.
OANDA:XAUUSDShort
by DanieIM
GOLD - Potential Pullback to Retest SupportGold is trading near a key resistance zone within an ascending channel, suggesting a potential pullback. If price rejects the resistance zone, this could present an opportunity for sellers to re-enter the market. The immediate target for sellers lies at $2,677.99, a key support zone where buyers might re-enter. A decisive break below this level could pave the way for further downside, with the broader ascending channel potentially invalidated. This setup reflects a clear shorting opportunity if the price fails to sustain above resistance. Traders should wait for bearish confirmations before considering short positions.
FX:XAUUSDShort
by TrendDiva
GOLD – Potential Bullish ContinuationGOLD has recently broken above a key resistance level, signaling sustained bullish momentum within the broader ascending channel structure. This breakout aligns with the ongoing upward trend, reflecting the market's current bullish sentiment. If the price revisits the $2,678.17 level for a retest and displays strong bullish confirmation—such as a rejection pattern, bullish engulfing candles, or consistent buying pressure—it would strengthen the case for further upside potential. Should this scenario unfold, the next target for buyers is the $2,691.72, a level that has previously attracted significant selling interest. This setup reflects the broader bullish structure, offering potential opportunities for continuation trades. However, a failure to hold the retest level or a breakdown of the ascending trendline could challenge this outlook. Traders are encouraged to monitor price action closely at the retest zone for clear signs of bullish momentum before committing to long positions.
FX:XAUUSDLong
by TrendDiva
1
GBPJPY: Bullish Setup at Support LevelThe GBPJPY pair is approaching a significant support zone which has historically acted as a strong demand area. The overall context implies 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 193.266 level. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
EURCAD: Bearish Continuation from Supply ZoneThe EURCAD pair is trading within a descending channel, indicating a bearish market structure. The price is currently approaching a key supply zone, which aligns with the channel's upper boundary. If the price confirms rejection at the supply zone, I anticipate a bearish move targeting the 1.46527 level, which represents a logical target for this setup. This setup suggests a continuation of the bearish trend. Traders should watch for confirmation signals, such as bearish candlestick patterns or rejections around the supply zone, before considering short positions.
Short
by DanieIM
1
NZDCHF: Bearish Continuation Setup from Resistance ZoneThe NZDCHF pair is trading within a well-defined descending channel, reflecting a bearish market structure. The price is approaching a key resistance zone which aligns with the channel's upper boundary. If the price confirms rejection at this supply zone, I anticipate a bearish move targeting the 0.50441 level, which represents a logical target for this setup. This setup suggests a continuation of the bearish trend within the current channel. Traders should watch for confirmation, such as bearish engulfing candles or long upper wicks, before considering short positions.
Short
by DanieIM
1
GOLD - Short Setup from Resistance ZoneThe XAUUSD pair has recently broken out of the bullish channel, signaling a shift in momentum toward bearish conditions. After this breakdown, the price is currently retesting the resistance zone. This retest is a critical point for the pair, as rejection from this resistance could confirm the bearish outlook. Traders should look for bearish confirmation signals such as rejection candles, bearish engulfing patterns, or a series of lower highs to validate further downside potential. If the resistance holds, the next significant target for sellers is the $2,650.43 support level, which could act as a key demand zone. A break below this level would open the door to further declines, potentially extending the bearish trend. This setup suggests a high-risk zone for buyers and presents an opportunity for short positions if bearish confirmations are observed. Careful monitoring of price action around the retest is essential for planning entries and exits. What are your thoughts on this bearish scenario?
FX:XAUUSDShort
by TrendDiva
4
GBPCHF: Bearish Continuation Setup from Resistance ZoneThe GBPCHF pair is trading within a well-defined descending channel, indicating a bearish market structure. The price has recently retraced into a key resistance zone, which aligns with the channel's upper boundary. This area has previously acted as a strong resistance zone, rejecting bullish attempts. If the price confirms rejection at this supply zone, I anticipate a bearish move targeting the lower boundary of the channel around the 1.10677 level, which aligns with a key support zone on the daily time frame. This area may attract buyers, potentially leading to a reversal or temporary consolidation. This setup suggests a continuation of the bearish trend within the current channel if the rejection occurs. Traders should watch for confirmation, such as bearish candlestick patterns or a break of intraday support levels, before considering short positions. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM
NAS100 - Potential Buy at Key Demand ZoneThe NAS100 is approaching a key demand zone, which has historically acted as a strong support area. This level is marked by prior price reactions, suggesting that buyers may step in again if the price retraces to this zone. The current market structure indicates a bearish trend, but there is potential for a bullish reversal if the price finds support within this demand zone. I anticipate that if the price confirms a rejection from this zone with bullish signals, such as long wicks or bullish engulfing candles, the market may move upward. The first target for this potential bullish move would be around the $20,924 level. This setup aligns with the idea of trend exhaustion near support, providing an opportunity for a short-term rally. Let me know your thoughts or if you have additional insights into this setup! Feel free to share your perspective in the comments!
FUSIONMARKETS:NAS100Long
by DanieIM
AUDNZD: Bearish Setup at Key ResistanceThe currency pair is testing the upper resistance zone following a recovery from previous lows. This movement reflects market hesitation around the key levels, with both buyers and sellers showing strength at different intervals. What does this imply? A decisive move is yet to emerge, but the setup suggests potential bearish momentum in the short term. At present, the price has approached the resistance zone marked between 1.1117 and 1.1150. Historically, this zone has acted as a strong barrier, with sellers often stepping in to push prices lower. The price has yet to break and consolidate above this resistance, making it a critical trigger point for decision-making. I expect a rejection from the resistance zone near 1.1117. A failed attempt to break above this level, followed by bearish price action, could signal a move toward the support at 1.1025. The price may then test the lower consolidation zone around 1.0800 if bearish momentum persists. However, the pair could also be breaking through the resistance zone and consolidating above it. In such a case, the bias could shift toward bullish continuation, with targets set at higher levels.
Short
by TrendDiva
1
NZDJPY: Bullish Setup from Key Demand ZoneThe NZDJPY pair is approaching a significant demand zone, marked by prior price reactions. This area has previously acted as a strong support level, where buyers regained control. The current market structure indicates the potential for a bullish continuation from this zone. If the price confirms a rejection through bullish price action, such as a strong bullish engulfing candle or long wicks rejecting the support, I anticipate a move toward the 88.450 level. This is a logical target for this setup aligned with the short-term bullish momentum and price recovery from the demand zone. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
XPTUSD - Testing Key Resistance Level – Potential SellThe XPTUSD pair is currently approaching a key resistance level, a level that has historically acted as a strong supply area. The recent bullish momentum appears to be slowing as the price approaches this resistance. If a rejection occurs, indicated by bearish candlestick patterns (such as a bearish engulfing or long upper wicks), the price could reverse toward the $956.212 level. This setup aligns with the idea of trend exhaustion near resistance, creating a potential short opportunity for traders looking to capitalize on a retracement. Let me know your thoughts on this analysis! Do you see a different outcome, or would you adjust the target? Share your insights in the comments below!
OANDA:XPTUSDShort
by DanieIM
GBPCHF - Bullish Setup at Key Support ZoneThe GBPCHF pair is currently testing a key demand zone, where previous price reactions suggest potential for a bullish reversal. This area has historically been a support level, indicating that buyers could regain momentum at this juncture. A confirmation of bullish sentiment, such as the emergence of a bullish candlestick pattern or a strong rejection wick, would reinforce the likelihood of a rebound. Should this scenario unfold, the price could target the 1.12417 level. What are your thoughts on this outlook?
Long
by TrendDiva
GBPCHF - Potential Buy From Key Support ZoneThe GBPCHF pair is approaching a critical demand zone, which is marked by historical price reactions and strong support levels. The current market structure suggests the potential for a reversal from this area. If buyers regain control, we could see a move higher. I anticipate that if the price confirms a rejection from the demand zone, there is a high likelihood of upward movement toward the 1.12000 level. This aligns with the expectation of trend exhaustion near this support zone. If you have any additional insights or a different perspective, feel free to share your thoughts!
Long
by DanieIM
1