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Support and Resistance

Pending Orders Are Not Set in Stone – Context Still MattersIn a previous educational article, I explained why I almost never trade breakouts on Gold. Too many fakeouts. Too many emotional traps. Instead, I stick to what works: • ✅ Buying dips • ✅ Selling rallies But even these entries — placed with pending orders — are not automatic. Because in real trading, price is not just a number — it’s a narrative. And if the story changes, so should the trade. ________________________________________ 🎯 The Setup – Buy the Dip Around 3400 Let’s take a real example from yesterday. In my analysis, I mentioned I would look to buy dips near 3400, a former resistance now acting as support. Price dropped to 3405, just a few points above my pending buy at 3402. We saw a clean initial bounce — confirming that short-term support was real. But I missed the entry by 30 pips. So far, so good. But here’s the important part — what happened next changed everything. ________________________________________ 🧠 The Rejection Shifted the Entire Story The bounce from 3405 was immediately sold into at 3420, a newly formed short-term resistance (clearly visible on the 15-minute posted chart). After that, price started falling again — heading back toward my pending order. 📌 At that point, I cancelled the order. Why? Because the context had changed: • Bulls had tried once — and failed at 3420 • Sellers were clearly active and waiting above • A second drop into my level wouldn’t be a clean dip — it would be retest under pressure. The market was no longer giving me a “buy the dip” setup. It was showing me a failed recovery. That’s a very different trade. ________________________________________ 💡 What If It Had Triggered? Let’s imagine that price had hit 3402 first, triggering my order. Then rebounded, failed at 3420, and started dropping again. Even then, I wouldn’t hold blindly. Once I saw the rejection at 3420, I would have understood: The structure had shifted. The bullish case is weakening. Exit early — breakeven or small controlled loss. ________________________________________ 🔁 Sequence > Level This is the most important principle: • ✅ First down, then up = healthy dip → shows buyers are still in control • ❌ First up, then down = failed breakout → shows selling pressure is stronger Two scenarios. Same price. Opposite meaning. That’s why you should look for: Not just where price goes — but how it gets there. ________________________________________ 🔒 Pending Orders Are Conditional Many traders treat pending orders like traps: “Just let price come to my level, and I’m in.”, but you should refine a little ✅ Pending orders should be based on a conditional expectation ❌ Not a fixed belief that the zone must hold If the market tells a different story, remove the order. No ego. No drama. Just process. ________________________________________ 📌 Final Thought Trading isn’t just about catching a price. It’s about understanding price behavior. First down, then up = strength. First up, then down = weakness. Let the market show its hand — then decide if you want to play. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
FOREXCOM:XAUUSDEducation
by Mihai_Iacob
6
GBPUSD InsightWelcome, everyone! Please share your personal opinions in the comments. Don’t forget to hit the booster and subscribe! Key Points - Japanese Prime Minister Shigeru Ishiba has completely denied reports suggesting he might resign, indicating his intention to remain in office. - The European Union is reportedly preparing retaliatory tariffs worth €100 billion in case negotiations with the United States break down. - According to major foreign media outlets, the U.S. is close to agreeing on a plan to impose a 15% tariff on EU goods, including automobiles. This Week's Key Economic Event + July 17: Eurozone June Consumer Price Index (CPI) GBPUSD Chart Analysis After confirming support at the 1.34000 level, the pair has rebounded and is maintaining an upward trend. The 1.36000–1.36500 range, where trendline resistance lies, will be a key hurdle. If it successfully breaks through this zone, the uptrend is expected to continue smoothly toward the 1.40000 level. However, if the market unexpectedly shifts downward, we will promptly adjust our strategy.
Long
by shawntime_academy
U.S. Small Caps Break Out: Dash for Trash Gathers SteamSitting in an obvious uptrend with momentum indicators skewing increasingly bullish, it looks like the U.S. small cap 2000 contract wants to go higher. The dash for trash is on! Having just cleared the July 10 high of 2278, it’s provided a decent setup to initiate fresh longs, allowing for a stop beneath that level for protection against a reversal. 2320 screens as an initial target given the contract consistently struggled to break above it earlier this year. Beyond that, 2375 and the record high of 2468 are the levels to watch. Good luck! DS
FOREXCOM:US2000Long
by FOREXcom
SOL — Bullish Retest in Motion: Time to Strike?SOL has finally broken through the $180 barrier decisively — a key zone it failed to clear back in May. Now we’re seeing a retest, which may offer one final dip before continuation. Let’s break down the next high-conviction long opportunity. 🧩 Key Retest Zone: $182–$180 ➡️ Retesting Prior Resistance as Support SOL broke above $180 with conviction and is now pulling back. ➡️ First Reaction at $184 A clean bounce occurred at the anchored VWAP, but this might not be the final low. ➡️ Strong Confluence at $180–$182 Zone This zone is packed with support elements: Weekly Open (wOpen): $181.44 nPOC: $180.85 Anchored VWAP: ~$179.90 0.5 Fib retracement (of the larger wave) 0.786 Fib retracement (of the smaller wave) 0.618 Fib Speed Fan — projected for tomorrow’s price path 1H 200 & 233 SMAs supporting from below SOL is currently trading at yOpen — another key pivot level to watch 🟢 Long Trade Setup Entry: Laddered between $182–$180 (ideal long entry would be at wOpen) Stop-loss: Invalidation at $173.35 Target (TP): TBFE 1.0: $218.45 / 0.618 Fib retracement: $219.21 R:R: ~1:4.5 Potential Move: ~+20% 🛠 Indicator Used: DriftLine — Pivot Open Zones For this analysis, I’m using my own published indicator called "DriftLine – Pivot Open Zones " feel free to check it out on my profile. It helps identify and visualise critical opens (daily, weekly, previous days), providing real-time support/resistance zones. ➡️ You can use it for free — just check my profile under “Scripts” and add it to your chart. 💡 Pro Tip: Support Zones Are Stronger with Confluence Don’t rely on a single fib or level. When opens, VWAPs, SMAs, and fibs cluster, the probability of a strong reaction increases. This is how smart traders define clear entries and invalidation. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Long
by SiDec
22
EURUSD Analysis - Can Buyers Push Price To $1.18000?Hello all dear traders! EURUSD is trading within a clear bullish channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum shows that buyers are in control, suggesting further upside. The price recently broke above a key resistance zone and is now coming back to retest it. If this level holds as support, it will consolidate the bullish structure and increase the likelihood of a move towards the 1.18000 target, which is in line with the upper boundary of the channel. As long as the price remains above this support zone, the bullish outlook remains intact. However, a failure to hold this level could invalidate the bullish scenario and increase the likelihood of a deeper pullback. Remember, always validate your setups and use appropriate risk management.
Long
by Brian_Nguyenn
ADA About to Explode or Collapse?Yello Paradisers — is ADA gearing up for a breakout, or are we walking straight into a bull trap? After the recent pullback, the market is throwing mixed signals, but this setup is becoming too important to ignore. Here’s what we’re seeing right now on ADAUSDT. 💎ADA is currently showing positive signs of strength after a solid retracement. Current support zone is not only a historical price pivot, but it's also aligned with a supportive trendline, the 200 EMA, and a developing bullish divergence on the chart. All these factors combined are increasing the probability of a short-term bounce — but that doesn't mean we go in blind. 💎For aggressive traders, entering at the current price might make sense, especially if you’re targeting the first resistance level. However, it’s important to note that this entry offers a relatively limited reward compared to the risk — roughly a 1:1 risk-reward ratio — so it’s crucial to size your position accordingly and keep tight control over your stop loss. 💎If you're looking for a cleaner setup with a better risk-to-reward profile, patience is key. A more favorable scenario would be waiting for a proper pullback and a confirmed retest of the support zone. Ideally, you want to see a strong bullish candle at the support level to signal continuation — that’s when the setup shifts from average to high-probability. 💎But be cautious. If the price breaks down and closes a candle below our support zone, the entire bullish idea becomes invalid. In that case, it’s much wiser to step back and allow the market to develop more structure before re-engaging. Forcing trades in uncertain conditions is where most traders lose, and we don’t want to be part of that crowd. 🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. Be patient, Paradisers — only those who follow structured strategies and risk management will thrive in the long run. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
TTEC Holdings Inc, 500% return for the shrewd** long term forecast, the months ahead ** A 97% correction is shown on the above 16 day chart. As of 2021 price action has collapsed from $112 to circa $5 today. A number of reasons now exist for a bullish outlook. Support and resistance Price action, Relative Strength Index (RSI), and Money Flow Index both print resistance breakouts. Look left. Price action is now on legacy support from 1999, 2003, and 2009 market bottoms. This is not the place to be a seller. The trend Something interesting in the RSI and MFI (orange and pink lines below chart). They are showing signs of a trend reversal, with higher highs and lower low prints after the breakouts. Exactly what happened in 1999, 2003, and 2009. A deja vu moment. Positive divergence Multiple oscillators print positive divergence with price action. Ready to be dazzled? Not only multiple oscillators as in previous years but the same oscillators! The Stock Two notes of interest, 1. No share splits. 2. Short interest 18% Fundamentals If you’re not chasing businesses who seek to implement AI into their operations, then you’re going to be miss out on some of the best returns in the years ahead. Crypto currency was yesterday, now in decline and dying. Today the narrative is AI, follow the money. Is it possible price action continues to correct? Sure. Is it probable? No Ww
NASDAQ:TTECLong
by without_worries
3
EURAUD to find buyers at previous support?EURAUD - 24h expiry The primary trend remains bullish. We are trading at oversold extremes. Preferred trade is to buy on dips. Risk/Reward would be poor to call a buy from current levels. Bespoke support is located at 1.7760. We look to Buy at 1.7760 (stop at 1.7715) Our profit targets will be 1.7940 and 1.7960 Resistance: 1.7840 / 1.7900 / 1.7950 Support: 1.7750 / 1.7720 / 1.7700 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
FTSE 100 Wave Analysis – 23 July 2025- FTSE 100 broke resistance level 9030.00 - Likely to rise to resistance level 9200.00 FTSE 100 Index recently broke above the resistance level 9030.00, which stopped the previous minor impulse wave 1 at the start of July. The breakout of the resistance level 9030.00 continues the active minor impulse wave 3 – which belongs to the intermediate impulse wave (3) from the end of July. Given the clear daily uptrend, FTSE 100 Index can be expected to rise to the next resistance level 9200.00 (target price for the completion of the active impulse wave 3).
GOMARKETS:FTSE100Long
by FxProGlobal
Platinum Wave Analysis – 23 July 2025- Platinum reversed from resistance zone - Likely to fall to support level 1350.00 Platinum recently reversed down from the resistance zone located between the round resistance level 1500.00, upper daily Bollinger Band and the resistance trendline of the daily up channel from May. The downward reversal from this resistance created the daily Japanese candlesticks reversal pattern Bearish Engulfing. Given the weakening daily Momentum (showing bearish divergence), Platinum can be expected to fall to the next support level 1350.00 (low of the previous correction 4).
FX_IDC:XPTUSDShort
by FxProGlobal
1
EUR/USD Surges into Resistance Ahead of ECBEuro is poised to snap a two-week losing streak with EUR/USD up more than 1.2% since the Sunday open. The advance takes price back into weekly resistance ahead of tomorrow’s European Central Bank rate decision and the focus now shifts to the weekly close for guidance. Euro plunged more than 2.3% off the June high with price briefly registering an intraweek low at 1.1557 before rebounding. The rally takes EUR/USD into resistance at the objective high-week close (HWC) / high-close at 1.1775- looking for a reaction off this mark with a weekly close above needed to keep the immediate advance viable into the close of the month. Initial weekly support remains with the 2016 swing high at 1.1616 with the medium-term outlook still constructive while above the March trendline (red). Ultimately, a break below the 2020 / 2022 highs at 1.1497 would be needed to suggest a more significant high is in place / a larger correction is underway with subsequent support seen at the 2024 high close / May low-week close (LWC) at 1.1164. A breach / close above this pivot zone exposes the upper parallel (blue), currently near 1.1840s, with the next major technical consideration eyed at 1.1917-1.2020- a region defined by the 100% extension of the 2022 advance and the 38.2% retracement of the 2008 decline (area of interest for possible top-side exhaustion / price inflection IF reached). Subsequent resistance objectives eyed at the 2021 HWC at 1.2227 and the 2018 high-close at 1.2456. Bottom line: Euro rebounded just ahead of the March uptrend with the rally now testing the yearly high-close ahead of the ECB- watch the Friday close with respect to 1.1775. From a trading standpoint, a good zone to reduce portions of long-exposure / raise protective stops- losses would need to be limited to this week’s low IF price is heading higher on this stretch with a close above the upper parallel still needed to fuel the next major leg of the advance. -MB
by FOREXcom