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Support and Resistance

AUDCHF - Potential Short Opportunity from Key ResistanceOANDA:AUDCHF is currently testing a significant resistance zone. Historically, this area has seen strong selling pressure, leading to notable bearish moves. The recent bullish push into this resistance zone suggests a potential for sellers to regain control. A bearish confirmation, such as rejection candles, bearish engulfing patterns, or long upper wicks, would increase the probability of a downward move. If this scenario unfolds, the price could head toward the 0.56623 level. Traders should remain cautious and wait for clear signs of selling pressure before considering short positions. Proper risk management is essential, given the possibility of a break above the resistance zone. What are your thoughts on this setup?
Short
by TrendDiva
Stock Of The Day / 01.17.25 / HOOD01.17.2025 / NASDAQ:HOOD Fundamentals. Positive analytics and target price increase from Morgan Stanley. Technical analysis. Daily chart: Exit upward on increased volume from a two-month price range. Premarket: Gap Up on moderate volume. Premarket high 48.00 stopped the upward movement. Trading session: The first attempt to breakout the 48.00 level after tightening to the level was unsuccessful, then the price made a significant pullback, but then continued to tighten and froze into a very narrow range under the level in the period 11:30 a.m. - 11:50 a.m. In case of a breakout, we are considering a long trade to continue the upward movement. Trading scenario: #breakout (#squeeze) of the 48.00 level Entry: 48.06 aggressive entry into the breakout. Stop: 47.89 hide behind the range below the level and behind the round number 47.90. Exit: Close part of the position around 49.04 after the second unsuccessful attempt to breakout the level of 49.20. Close the remaining part of the position at a price of 48.95 when the structure of the uptrend is broken. Risk Rewards: 1/5 P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information .
NASDAQ:HOODLong
by AlexX31
Magellan Financial Group Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Magellan Financial Group Stock Quote - Double Formation * 11.00 AUD | Area Of Value * (Consolidation Argument)) | Subdivision 1 - Triple Formation * No Trade)) At 5.00 AUD | Subdivision 2 * Numbered Retracement | Uptrend Bias | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:MFGAULong
by TradePolitics
AUDCAD Wave Analysis 17 January 2025 - AUDCAD reversed from support zone - Likely to rise to resistance level 0.9000 AUDCAD currency pair continues to rise inside the minor impulse wave 1, which started earlier from the support zone located between the key support level 0.8860 (former multi month low from April) and the lower daily Bollinger Band. The active impulse wave 1 belongs to the higher order impulse waves (1) and 1, which started from the same support area. AUDCAD currency pair can be expected to rise to the next resistance level 0.9000, former strong support from December coinciding with the daily down channel from September.
Long
by FxProGlobal
Merck & Co Inc - USD (Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Merck & Co Inc - USD (Extended Hours) - Double Formation * 121.00 USD | Area Of value | Subdivision 1 * A+ Set Up)) | Completed Survey & Entry Bias | Subdivision 2 - Triple Formation * Not Numbered Retracment | Downtrend Continuation * ((Triangle Structure)) | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:MRKShort
by TradePolitics
XRP - Targeting $7-8After a late 2024 rally, the crypto market entered a correction, but signs now point to recovery. XRP, the third-largest cryptocurrency by market cap, is leading the charge with a 10% daily gain, breaking out of a contracting triangle pattern. With the "E" wave potentially completed, XRP could target $7–$8 in the next bullish leg, supported by strengthening technicals and rising participation. #XRP #CryptoMarket #Blockchain #CryptoUpdate #MarketTrends Disclaimer: For informational purposes only. Not investment advice. Past performance is not indicative of future results.
Long
by Flow-Trade
TradeCityPro | LDOUSDT Identifying a Re-Entry Point for Buying👋 Welcome to TradeCityPro Channel! Let’s analyze LDO again, which I uploaded for you before the New Year, and review the triggers we had set. Thanks to TradingView for choosing that analysis as an Editor's Pick! Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin As always, before starting the altcoin analysis, we take a look at Bitcoin on the 1-hour timeframe. All our entry triggers have been activated, and we currently hold a position from our primary trigger at 95554. I personally moved the stop-loss to the entry point. Bitcoin dominance also increased with this move, which is excellent news. Personally, I believe we might see Bitcoin registering a new ATH with its dominance rising. It feels like Bitcoin could reach around $115,000, and then we’ll see an altcoin season. 🕵️‍♂️ Previous Analysis Updating our previous analysis, we provided a spot-buy entry point for this coin with a breakout at 1.345. This trigger was activated, and currently, we are up by about 50%. For now, I suggest holding your position, and even if your stop-loss is hit, continue staying with it. 📊 Weekly Timeframe We are still within our long-term range box and transitioning from smaller boxes to larger ones. For weekly timeframe buying, the logical and safe trigger is at 2.553, and you can confirm the breakout with an increase in volume. Set your stop-loss below 0.935. For selling, the most logical and prudent exit would be below 0.935. Until then, I will continue to hold this coin and search for new entry triggers. 📈 Daily Timeframe In the previous analysis, we were in the daily box ranging between 0.909 and 1.361. For spot buying, we provided a trigger with a breakout at 1.361. Personally, I purchased at this breakout and am currently holding the coin, being 50% up in profit. At present, this coin, like other coins in our market category, is one of those altcoins trading above its daily range after a breakout. This is a good sign. Moreover, several pullbacks to the 1.361 support level with rapid upward reversals indicate strong buyer presence. We already have a spot-buy trigger, but for those looking for a new one, a risky entry can be made after breaking 2.096, while a safer entry can be made after breaking 2.44, setting your stop-loss at 1.361. ⏱ 4-Hour Timeframe After hitting 1.395 and breaking the 1.68 long trigger, the price moved toward the 2.096 resistance and is currently below this daily resistance. 📈 Long Position Trigger instead of entering a spot buy at 2.096, I would open a futures position with a breakout at this trigger and later use the futures profit to buy spot positions with a breakout above 2.44. 📉 Short Position Trigger currently, I am not searching for short positions in this market. However, if Bitcoin changes its trend, we will revisit and analyze the possibilities together. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
5
CADCHF - Bearish Setup at Key ResistanceThe CADCHF pair is currently trading near a significant supply zone, where prices have previously encountered strong resistance and reversed lower. This suggests a potential bearish scenario as sellers might regain control in this region. A bearish confirmation, such as a rejection candlestick pattern (e.g., a bearish engulfing or long upper wick), would strengthen the case for further downside movement. If this scenario unfolds, the next target to monitor is around 0.63202, which aligns with a key support level. Traders should wait for clear confirmation of selling pressure before entering short positions to ensure alignment with the broader market sentiment.
Short
by TrendDiva
Where Is TRANSCORP on NGX Heading Next?TRANSCORP recently broke its previous all-time high (ATH) of ₦53.5, setting a new ATH at ₦54.5. However, the bullish momentum did not sustain, and the price has retraced to the ₦50 zone, which is now acting as a key support level. Currently, there are no strong fundamental drivers indicating the possibility of a new rally. This raises the question: Could we see the price decline further to the ₦46 zone, a level that has served as strong support multiple times in the past? The Nigerian Exchange (NGX) has been quite volatile recently, and TRANSCORP is no exception.
NSENG:TRANSCORP
by ForexClinik
atom sell midterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Short
by Golden_candle
Btcusd analysis"As shown in the chart, Bitcoin's potential scenarios are plotted in a four-hour time frame, and it is currently fluctuating within a range channel. Since Bitcoin's trend in the daily time frame is bullish, there is a higher probability of breaking the channel ceiling, making this the base scenario. If this happens, Bitcoin's trend in the daily time frame will remain bullish. In case of a pullback, you should enter with the confirmed strategy, aiming for the level of 106,000 as the first target. However, if it breaks the channel floor, Bitcoin's trend in the daily time frame will turn bearish, with the possibility of falling to the level of 50,000. Otherwise, we expect Bitcoin to continue moving within the channel according to the third scenario, allowing us to buy and sell at the ceiling and floor of the channel."
COINBASE:BTCUSD
by arrash2020
EURNZD: Potential Bounce from Key Resistance ZoneOANDA:EURNZD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure in the past. The current market structure indicates the potential for a reversal at this level if sellers regain control. This resistance zone aligns with a critical supply area where price has shown hesitation before. If the price confirms rejection with bearish patterns such as wicks or bearish engulfing candles, I anticipate a move downward toward the 1.83972 level. Let me know your thoughts on this analysis or if you have a different perspective!
Short
by DanieIM
AUDJPY: Potential Long from Key Support ZoneOANDA:AUDJPY is currently trading near a significant support zone which previously led to bullish reversals. The recent bearish move into this zone suggests a potential for buyers to step in and drive prices higher. A bullish confirmation, such as rejection patterns, bullish engulfing candles, or long lower wicks, would increase the likelihood of a rebound. If buyers regain control, the price may rise toward the 96.650 level, where sellers could potentially re-emerge. This setup aligns with a possible short-term recovery within the broader bearish trend. Traders should wait for confirmation of buying pressure before considering long positions.
Long
by TrendDiva