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Support_and_resistance

US DOLLAR at Key Support: Will Price Rebound to 103.000TVC:DXY is currently approaching an important support zone, an area where the price has previously shown bullish reactions. This level aligns closely with the psychological $100 , which tends to have strong market attention. The recent momentum suggests that buyers could step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a bounce from this level. If I'm right and buyers regain control, the price could move toward the 103.00 level. However, a breakout below this support would invalidate the bullish outlook, potentially leading to more even more downside. This is not financial advice!
TVC:DXYLong
by TrendDiva
26
EURGBP Discretionary Analysis: Eyes on the SupplyIt's that feeling when you just know the tide's about to turn (like when you're waiting for the wind to pass but can already smell the rain). EURGBP is giving off that "Next stop? Supply zone" kind of vibe. I see it pushing up to test that level, like it's gearing up for a showdown. If I'm right, I'll be eyeing some clean entries to make a move. If I'm wrong, I'll just grab a coffee and wait for the next opportunity to roll in. Just my opinion, not financial advice.
Long
by davidavasalcai
29
COCOA Nearing Major Support - Rebound Towards 9,000$?PEPPERSTONE:COCOA is approaching a significant support zone. This area has consistently acted as a key level where buyers have stepped in, leading to notable reversals in the past. The current move suggests the potential for a bullish reaction if price action confirms rejection through signals such as bullish engulfing candles, long lower wicks, or increased buying volume. If the support holds, I anticipate a move upward toward the 9,000 level, aligning with the expectation of a short-term reversal. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, potentially opening the door for further downside. Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Proper risk management is advised to navigate potential volatility. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
PEPPERSTONE:COCOALong
by TrendDiva
22
US DOLLAR at Key Support: Will Price Rebound to 103.350?TVC:DXY is currently testing a key support zone, an area where the price has previously shown strong bullish reactions. The recent price action suggests that buyers may step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a bounce from this level. If buyers regain control, the price could move toward the 103.350 level. However, a breakout below this support would invalidate the bullish outlook, potentially opening the door for further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
TVC:DXYLong
by TrendDiva
49
EURGBP Discretionary Analysis: Dive Time, No Life Jacket NeededIt’s dive time, no life jacket needed, just that instinct telling me it’s going down. You know that feeling when you’re about to jump in, but you’ve got no backup? That’s the vibe here. I’m calling for a deep dive, and I’m riding it all the way. If I’m right, I’ll be making a splash with some profits. If not, I’ll just float back up and try again. Just my opinion, not financial advice.
Short
by davidavasalcai
45
EURUSD at Major Resistance: Will it Drop To 1.09000?OANDA:EURUSD reached a major resistance level that has previously acted as a strong barrier, triggering bearish momentum in the past. This zone also aligns with prior supply areas where sellers have stepped in, making it a potential point of interest for those looking for short opportunities. Given its historical significance, how price reacts here could set the tone for the next move. If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.09000 level. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction. Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management. Best of luck!
Short
by TrendDiva
42
AUDCAD Discretionary Analysis: Next stop? Rock bottomIt’s more of a sixth sense (like when you just know your girlfriend's about to cancel plans). AUDCAD’s giving off that "Next stop? Rock bottom" kind of energy. I see it dropping hard, like it missed the elevator and took the shaft instead. If I’m right, I’ll be looking at some solid trades to take. If I’m wrong, well, I’ll just grab a coffee and wait for the next pair to make its move. Just my opinion, not financial advice.
Short
by davidavasalcai
37
BITCOIN Outlook: Watch for a Drop Toward $85100COINBASE:BTCUSD has reached a key resistance level, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume. If the resistance level holds, I anticipate a downward move toward 85,100$, which represents a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains above it, the bearish outlook may be invalidated, leading to further upside. Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with solid risk management.
COINBASE:BTCUSDShort
by TrendDiva
35
GOLD Technical Analysis - Correction Incoming?OANDA:XAUUSD is trading within a well-defined ascending channel, with price action now testing the upper boundary. This level could act as dynamic resistance, and a rejection here could trigger a corrective move toward the 3,035 support zone. If buyers defend this support, the bullish structure remains intact, with a potential move back toward higher levels. However, if price breaks below this zone, a deeper pullback toward the lower boundary of the channel could come into play. Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Proper risk management is advised, always confirm your setups and trade with solid risk management. If you have any thoughts on this setup or additional insights, drop them in the comments!
OANDA:XAUUSDShort
by TrendDiva
196
EURJPY Approaching Key Resistance — Potential Sell SetupOANDA:EURJPY is approaching a key resistance level, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume. If the resistance level holds, I anticipate a downward move toward 161.20, which represents a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains above it, the bearish outlook may be invalidated, opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
35
NZDJPY Approaching Key Resistance — Potential Sell SetupOANDA:NZDJPY is approaching a key resistance zone, a level where sellers have consistently stepped in, leading to notable bearish reversals in the past. This area is marked by strong selling pressure, increasing the likelihood of a bearish move if sellers regain control. The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 86.100, which represents a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains, the bearish outlook may be invalidated, opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
36
WHEAT at Key Support Level - Will Price Rebound to 541$?PEPPERSTONE:WHEAT has reached a major support level, an area where buyers have previously shown strong interest. This area has previously acted as a key demand zone, increasing the likelihood of a bounce if buyers step in. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would strengthen the case for a move higher. If buyers step in, the price could rally toward the 541$ target. However, a decisive breakdown below this support would invalidate the bullish scenario and could lead to further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Best of luck , TrendDiva
PEPPERSTONE:WHEATLong
by TrendDiva
22