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Support and Resistance

UPDATE ON RUNNING TRADEGBP/USD 30M - As you can see price is playing out well at the moment, price actually went on to react from a 1M Demand Zone, the trading opportunity from that could have been crazy. I now want to see the last high made break, giving us further confluence that price is going to trade us higher longer term. Be sure to manage your trades accordingly. This trade is running + 15 pips. (+ 0.75%) 0.75RR A big well done to anyone who jumped in on this trade, if you have any questions with regards to the analysis or you need me for anything drop me a message or comment below and I will get back to you. I will show you all the potential from this 1M FVG as well and the profits it could have generated should we have seen it, this is the true power the the strategy!
Long
by Lukegforex
2
BEAMX: Breakout or Bounce? Key Levels to WatchYello, Paradisers! BEAMXUSDT is showing good signs after a healthy retracement while respecting a resistance trendline, signaling a potential buildup for the next move. 💎If BEAMXUSDT breaks out of the trendline with a proper candle close backed by strong volume, it will significantly increase the probability of a bullish continuation. A breakout with volume will confirm buyer strength and could lead to a strong upside momentum. 💎In the case of further retracement, the price may dip to take out inducement below the current levels. From there, a bounce is expected from the strong support zone, which aligns with a high-probability reversal area. For added confidence in a reversal, look for a bullish Internal Change of Character (I-CHOCH) or the formation of bullish patterns such as a W-pattern or an Inverse Head & Shoulders on lower timeframes. 💎However, if the price breaks down and closes a candle below the strong support zone, it will invalidate the bullish setup. In such a scenario, it’s wise to stay patient and wait for a more favorable and strategic price action structure to emerge before entering any trades. Always prioritize confirmation to avoid false setups and improve the quality of your trades. Patience and strategy are key, Paradisers. Wait for clear setups to reduce risks and capture high-probability opportunities. Stay disciplined! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
NICKEL: Sell Setup at Key ResistanceCAPITALCOM:NICKEL is at a key resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to prior reversals. If the price confirms rejection through bearish price action, such as wicks signaling rejection or bearish engulfing candles, I anticipate a move downward toward the 15865.08 level. However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area. Proper risk management is essential, given the possibility of price breaking higher.
EIGHTCAP:XNIUSDShort
by TrendDiva
S&P 500 Analysis: Approaching All-Time High with Critical LevelsS&P 500 Analysis The price has risen approximately 1.00% since yesterday, driven by strong earnings results. It is currently aiming to reach the (ATH) of 6100. A pullback to 6073 and 6051 is likely if the price stabilizes below this level. However, if a 4-hour candle closes above 6100, the bullish trend is expected to continue, targeting 6143. Key Levels: Pivot Point: 6100 Resistance Levels: 6120, 6143 Support Levels: 6073, 6051, 6020 Trend Outlook: Bullish if the ATH of 6100 is broken. Bearish while the price remains below 6100. previous idea:
OANDA:SPX500USD
by SroshMayi
2
XAUUSD NEW SIGNALHello everyone Right now market is moving sideways on 30min time frame we can see strong support and resistance We have to wait for it to be break for confirm trade we have two scenarios 1) If candle break and close above our resistance and the next candle breaks its high then we can buy long 2) Or If any candle break and close below our support and the next candle breaks its low then we can sell short Always remember to follow proper money management Risk 10% of your trade GOOD LUCK
OANDA:XAUUSD
by Paw_Trades_Official
2
SILVER at Key Resistance Zone – Potential Correction Ahead?OANDA:XAGUSD is at a significant resistance zone. This level that has previously served as strong resistance. Price action within this zone suggests the possibility of a reversal if sellers regain control. The market structure points to potential trend exhaustion, with buyers losing momentum as the pair moves closer to this resistance area. If the price confirms a rejection from this zone, signaled by bearish candlestick patterns (e.g., bearish engulfing or long wicks), I anticipate a downward move toward the 30.44094 level. This target is realistic level for a potential correction.
OANDA:XAGUSDShort
by DanieIM
1
BTC/USD RangeboundAccording to technical studies on the daily chart, Bitcoin versus the US dollar (BTC/USD) is now consolidating between support from US$91,591 and US$108,396. US$100,000 remains a widely watched barrier within the consolidation, along with the 50-day SMA at US$97,615. Despite the ranging action, BTC/USD is entrenched in a bullish trend with a clear upside bias. Consequently, should price action gain a foothold off US$100,000 as support, all-time highs could be on the table.
FPMARKETS:BTCUSDLong
by FPMarkets
SUI NEXT MVOE HERE SUI/USDT Technical Analysis Market Structure The FVG/USDT chart displays an interesting ascending channel pattern that has been developing over the past several weeks. This type of pattern is characterized by a series of higher highs and higher lows, which suggests strong bullish momentum in the market. EXIT IF #SUI *** BREAKOUT SUPPORT LINE ANE RETEST AGAIN *** RE-BUY ZONE : $2.4 - $2.6 THEN TP1 : $3.5 TP2 : $4.2 It's crucial to note that the cryptocurrency market is highly volatile, and proper risk management is essential. Always conduct your own thorough research and analysis before making any trading decisions.
Short
by Supachai-Taechapisit
Good closing by Nifty signaling chances of revival. We got a closing by Nifty today above 23200 levels at 23205 which has confirmed the chances of Revival. Two minor and 2 major hurdles remain in front of it right now before we can confirm that bear run is over. The minor resistance in front of Nifty now are 23270 and 23424. These are not strong resistances however any resistance can not be taken lightly when FII sell is selling like there is no tomorrow. after we get a closing above 23424 there will be father and Mother line resistances at 23652 and 23825. These 2 will be major resistances. Post we get a closing above 23825, 24000 and 24203 will me major hurdles. Only a closing above 24203 will bring bulls out of ICU. So we have a long way to go before complete revival. Today we have gained an important additional support near 23090. Supports on the lower side for Nifty will be at 22935 (This is a strong trend line support.) Below 22935 the supports is at 22425. Tomorrow will be an important day. If we get a positive closing tomorrow the momentum can be carried forward into the next week. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
MELANI- Chart - Identifying Bearish Trend and Potential TradeMELANIA/USDT Chart Analysis Greetings, let's take a closer look at the MELANIA/USDT chart and unpack the key details: Overview The chart displays an interesting pattern - a clear descending channel formation with lower lows and lower highs over the past few days. This suggests a strong bearish momentum in the MELANIA MEME. Key Levels 1. Resistance: The yellow descending trendline acts as a key resistance level. Breaking above this trendline could signal a potential trend reversal. 2. Support: The zone around $2.65 appears to be an important support area. A break below this could lead to further downside. 3. Stop Loss: Given the bearish structure, a stop loss order placed slightly above the previous swing high at $2.5 would be prudent. Price Targets 1. TP1: $6.3 - This level represents the 61.8% Fibonacci retracement of the recent downswing. 2. TP2: $7.2 - This is the 78.6% Fibonacci retracement, which is a common target for bullish reversals. Trading Strategy Based on the current chart structure, a bearish bias is warranted. A potential trading opportunity could be: Entry: Short on a break below the $2.6 - $2.8 support zone. Stop Loss: Slightly above the previous swing high at $2.5 Take Profit 1: $6.3 Take Profit 2: $7.2 It's important to note that the crypto market is highly volatile, so proper risk management is crucial. Always do your own research and analysis before making any trading decisions.
Long
by Supachai-Taechapisit