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Support and Resistance

MARI will not give upMari is giving a good opportunity to ride at current retracement phase. Currently it is at 23% Fibb Level where i made a good hammer candlestick with nice volumes on daily chart. 1st Buy Reason: Great Management, Nice Fundamentals. Trading at Accummulative Level. 2nd Buy Reason: Wanted to Buy many shares on 1st Buy. But Couln't did at that time. Invested again when money came in. 3rd Buy Reason (Will do on Friday Dt 24-01-2025: I always buy good stocks if it goes down -9% within a week. Trading at 23% of Fibb Retracement Signalling a good hammer + volume increase. 4th potential Buy: Around 464 Level 5th potential Buy: Around 360 Level
PSX:MARILong
by hameedops
WLD/USDT | 4-Hour Breakout SetupThis WLD/USDT 4-hour chart illustrates a potential bullish breakout opportunity: Entry: $2.286, following the breakout from consolidation. Stop-Loss: Positioned at $1.931 to account for potential false breakdowns. Take-Profit: Targeting $2.437 as a resistance area for partial exits. The current setup capitalizes on a possible continuation after retesting the key support area (highlighted in grey). Watch for bullish momentum and volume spikes to confirm the trade. Let me know if you'd like any adjustments to the plan!
Long
by cRyPt0N008
USD/JPY 4H Timeframe AnalysisUSD/JPY 4H Timeframe Analysis Trend Analysis On the 4-hour timeframe, USD/JPY is in a major uptrend. The price recently broke through a minor key resistance at 154.900, which is now acting as minor support. After this break, the price surged and broke through the next minor key resistance at 156.000, signaling further bullish momentum. At this point, manipulation began, where the price entered a consolidation phase as it accumulated buy orders. The price tested 156.000 three times, showing significant buy volume in the zone. After this accumulation, the price has broken the minor key resistance and is now in a liquidity zone, suggesting that a huge liquidity move is possible as a result of the increased buyer activity. Price Action Expectation: Our objective is to wait for the price to break above the minor key resistance at 156.000 and close above it on the 4-hour timeframe. This will confirm the continuation of the uptrend, and we expect a potential liquidity move upwards. The next target is 161.720, where the next minor key resistance lies. This level is a key milestone for price progression, and we anticipate a strong upward move due to the accumulation of buy orders in the current liquidity zone. Trade Setup: Trade Type: Buy Stop Entry: 156.400 (after the price closes above the minor key resistance at 156.000, signaling trend continuation) Stop Loss: 154.800 (below the liquidity zone, providing protection against false breakouts) Take Profit: 161.720 (targeting the next minor key resistance level) This setup leverages the break above the 156.000 level and aims to capture the upward momentum towards the next resistance at 161.720. The current liquidity zone indicates a strong probability for a continuation of the bullish trend. Fundamental Outlook: The BOJ Policy Rate decision revealed an actual rate of <0.50%, which was in line with the forecast. This is a continuation of Japan's ultra-loose monetary policy, suggesting a weaker yen. The BOJ's stance to keep rates low or negative further weakens the Japanese currency, supporting the USD/JPY bullish trend. Impact of the BOJ Decision: The weak yen created by the BOJ's policy aligns with the technical setup, as it makes USD/JPY more attractive. The lower rates in Japan enhance the yield differential with the U.S. dollar, supporting continued bullish pressure on the pair. Risk Management Risk-to-Reward Ratio: Ensure a 1:2+ risk-to-reward ratio for optimal returns. Position Sizing: Adjust your position size in line with your account equity and risk tolerance. False Breakout Caution: Watch for any potential false breakouts. Adjust your stop-loss if needed, especially if the price fails to hold above the 156.000 level. Conclusion: The USD/JPY setup is targeting a continuation of the uptrend, supported by both technical patterns and BOJ policy. The breakout above 156.000 signals a potential upward move, and the liquidity zone confirms the high probability of further bullish momentum. By using the buy stop order at 156.400, the trade aims to capture the next leg of the uptrend with a strong risk-to-reward ratio. Trading involves substantial risks and may not be suitable for all investors. Always seek guidance from a financial professional if you’re unsure about trading decisions.
Long
by RebornFXTrader
XAU/USD Analysis: Strong Bullish Outlook and Key Trading LevelsAs you know, my overall outlook on Gold (XAU/USD) is bullish, and I anticipate a new all-time high in the near future. However, yesterday, I highlighted the potential for a short-term correction, identifying the 2725-2730 zone as possible support. While the price did experience a pullback, it didn’t quite reach this level, but my pending sell order wasn’t activated either. As a result, I stayed out of the market. Looking at price action since the start of the year, it’s evident that every dip has been aggressively bought. This was especially clear yesterday, as after a significant rally and the test of a key resistance level, the price didn’t even manage to drop to the median line of the ascending channel. The conclusion is simple: XAU/USD is strongly bullish. Key Levels and Strategy: In this context, the only viable strategy is to buy dips. The key levels of interest are: • 2760 – a critical level to watch for potential entries. • 2735 – yesterday’s low and another area of potential support. The next target for a potential high could be set around 2840, based on the current market structure. Final Thoughts Given the strong bullish momentum, patience and precise entries will be essential for achieving good risk:reward. Look for pullbacks to the key levels mentioned above as opportunities to join the trend. Happy trading, and let’s aim for that new all-time high!
OANDA:XAUUSDLong
by Mihai_Iacob
2
UNEMPLOYEEMENTCLAIM NEWS IMPACT ON GOLD WILL GO FOR LONG?For now you look a daily chart time frame and see the resistance level break with good potential so now we wait for retest the zone where resistance break. RETEST the level and you go with sniper shot with the target of 400 pips and gold is overall BULL trend and there is news impact today also and the news forecast is clearly says GOLD will pump again. TARGET: BUY side target first we set 2765 and then we need good potential for buy from here so our next target is 2780. if news is good for currency so you may see gold will fall and again rests the level area but now forcast is not good for currency so GOLD will pump at NY session
OANDA:XAUUSDLong
by GOLD_TREND_GURU
Bullish Setup with Liquidity Trap and Demand Zone Confirmation.In the current market scenario for Gold, we're witnessing a bullish setup on the 1-hour chart. 📈 After trapping early buyers below the trend line liquidity, we're anticipating a price reversal from the confirmed demand zone. This setup is particularly interesting because the target has been set at an impressive $2,763! 💰 This bullish movement is expected to be supported by strong demand, alongside a prior break of structure, which adds to the validity of this setup. 📊 The ideal entry point would be on confirmation at the demand zone, ensuring that you're positioned correctly for the upward movement. To manage risk effectively, it's wise to place your stop-loss orders just below this demand zone. 🚦 Overall, this setup presents a promising opportunity for traders looking to capitalize on potential gains in the Gold market! Happy trading! 🌟
OANDA:XAUUSDLong
by GOLD_TREND_GURU
2
GOLD climbs up after Trump Speech last night?GOLD sees last All Time High as Trump speech last night. He said that inflation must be in cooling condition. Now the sentiments are positives for this non-yielding assets and buyers still in control. Next big moment that traders should care is FOMC in the end of January. If FED still hold it's decision in last FOMC and keep high rates, GOLD price could be pressed and turn back to downtrend. Technically, GOLD already break it's last swing high in H4 timeframe and now see 2780-2782 as the resistance based on fibonacci external retracement. If GOLD still climbs up, it will be go to the ATH before correction back to around 2720-2750. Just insight, trade wisely and don't forget to set stop loss.
SAXO:XAUUSDLong
by vicariuzchrist