Support and Resistance
Nasdaq Futures: Key Setups to End the Week Strong | January 17Finish the trading week with today’s analysis of Nasdaq futures for Friday, January 17, 2025. We break down key zones, potential setups, and strategies to navigate the market ahead of Monday's anticipated volatility.
📈 Long Opportunities: Watch for entries around 21,360 or 21,440, targeting 21,560 and 21,650.
📉 Short Setups: Key zones include 21,510–21,560, with potential moves toward 21,360 or lower.
📊 Market Insights: A possible trend shift is forming across multiple timeframes. Be ready for significant movements heading into the weekend.
💬 Join our daily lives at 9:30 AM (NY time) for live analysis and Q&A. Let us know in the comments what other assets you’d like us to analyze or if you’d prefer swing trading strategies in future videos.
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XLMUSDT: Bullish Setup or Reversal on the Horizon?Yello, Paradisers! Are you ready to capitalize on XLMUSDT’s next big move? Let’s break it down!
💎XLMUSDT has been consolidating within a well-defined descending channel, a classic retracement pattern that often sets the stage for a bullish breakout.
💎If XLMUSDT breaks and closes a candle above the resistance level, it would strongly increase the probability of a bullish move, opening the door to significant upside potential.
💎On the flip side, if the price dips to shake out weak hands, key support zones will be crucial. A bounce from these areas, coupled with a bullish I-CHoCH (internal change of character) or reversal patterns like a double bottom (W) or an inverse head and shoulders, would signal strength and increase the probability of a sustained rally.
💎However, discipline is key! If the price breaks down and closes a candle below the support zone, it invalidates the bullish setup. In such a scenario, it’s wiser to wait for clearer and more favorable price action to unfold rather than rushing into a trade.
🎖 This market rewards patience and preparation. Always remember, the goal is consistency, not chasing impulsive moves. Stay disciplined, Paradisers, and let’s crush these markets with sound strategies and precision!
MyCryptoParadise
iFeel the success🌴
Huge long on MaraI just entered this trade pre-market, Bitcoin is too bullish, we had the capitulation, now I am looking to make a 30-50% trade on Mara. Note a bottomed stochastic RSI and a heating up BBWP. The time is now.
Risk to reward here is 4.28, these are the trades we take
My plan:
I bought shares pre-market, a little over 10k worth
PT 1=24$
PT2=30$
DeGRAM | DXY growth in the channelThe DXY is in an ascending channel above the trend lines.
The price is moving from the lower boundary of the channel and the support level.
The chart has broken the descending structure.
We expect the index to continue rising after consolidating above the resistance level, which coincides with the 50% retracement level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
GBPUSD is in the Selling Direction after breaking SupportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
RAREUSDT: Is a Bullish Breakout on the Horizon?Yello Paradisers! Could RAREUSDT be gearing up for a strong bullish move, or will a breakdown catch traders off guard? Let’s dive into the critical price action signals you need to watch!
💎RAREUSDT has recently shown good signs of a bullish reversal. The pair took out inducement levels and formed a double-bottom-like structure, a classic signal that increases the probability of an upward move from here.
💎If price retraces further or triggers panic selling, a bounce from the strong support zone below remains a high-probability scenario.To solidify the bullish case, we need to see a bullish I-CHoCH (Internal Change of Character) on the lower timeframes, confirming buyers are stepping in with strength.
💎If RAREUSDT breaks down and closes a candle below the strong support zone, the entire bullish structure will be invalidated. In that case, it’s wiser to remain patient and wait for a better, higher-probability setup to form.
🎖Remember, Paradisers, sustainable trading is about being disciplined and strategic. Waiting for confirmations is always better than chasing trades on shaky grounds. The market rewards those who master patience and trade smartly.
MyCryptoParadise
iFeel the success🌴
BONK/USDT: Channel Breakout Signals Potential Wave Rally
1. Price Action
- The asset is currently trading at 0.00003017 USDT
- Clear descending channel formation (marked by yellow lines) from early January to mid-January 2025
- Recent breakout attempt from the upper boundary of the descending channel
2. Trend Analysis
- Overall downtrend since early January
- Formation of higher lows in recent trading sessions
- Possible trend reversal signal with the channel breakout
Here's a concise analysis of the BONK/USDT 4H chart:
Technical Setup:
- Price breaking out of descending channel (yellow lines)
- Current price: 0.00003017 USDT
- Clear bottom formation with higher lows
Potential Targets:
1. 0.000035
2. 0.000040
3. 0.000045
Key Levels:
- Support: 0.000025
- Breakout: 0.000030
- Stop Loss: Below 0.000024
Trend shows bullish reversal potential with a projected upward wave pattern. Watch volume for confirmation.
Risk Management Note:
Always use proper position sizing and consider the volatile nature of this asset. The projected path (green waves) represents a possible scenario but markets can behave unpredictably.
POSSIBLE SELL BIAS ON GBPNZD GBPNZD is on down trend on 4hr time frame . it has bounced on the third touch of the trend line and has given a bearish engulfing candle on both 4hr and 1hr time frame .it broke support and retested it and is about to continue the bearish move. Also made the retest on 0.6 fibonacci retracement level. Confluences :1 support turned to resistance .2 third touch of 4hr trend line .3 bearish engulphing candle confirmed on both 4hr and 1hr time frame .4 retessted on o.6 fib level.
Technical Analysis: EUR/USDFX:EURUSD
In the following technical analysis, I present the composition of the EUR/USD pair from early 2022 to today, providing a detailed explanation of the movements and support levels that have formed. This is intended to give you more insights and guidance for your trading decisions. Of course, always conduct your own research and analyze based on what you believe is most appropriate.
Below, I want to clarify some of the elements I personally use, which may help you better understand the chart:
• Solid horizontal lines indicate highly significant levels, such as key highs and lows.
• Dotted lines represent levels that are also highly important.
• Dashed lines highlight the bases or highs of candles that triggered significant movements. These often act as support or resistance in the medium to short term.
• Gray highlighted areas represent support or resistance zones, depending on their location.
• SOS stands for Start of Structure, referring to the start of a major move that led to a significant rise or drop, forming the foundation of support.
• Empty rectangles with highlighted borders FX:EURUSD signify pivot points, marking key highs and lows.
If you have any questions, feel free to share your thoughts!
Gold to stall at previous highs?Gold - Intraday
Selling posted close to the previous high of 2726.0.
2721.3 has been pivotal.
Offers ample risk/reward to sell at the market.
Bearish divergence is expected to cap gains.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look to Sell at 2718.5 (stop at 2738.5)
Our profit targets will be 2668.5 and 2658.5
Resistance: 2724.5 / 2735.0 / 2750.0
Support: 2709.7 / 2700.0 / 2690.0
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 advice from an independent financial adviser regarding the suitability of the investment, 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.
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GMT buy/long setup (2H)A strong source of movement has been tapped, and the lower liquidity pools have been swept clean. The price has encountered an important demand zone. In the upper part of the chart, there are no strong order blocks visible, and the price has already dropped significantly, giving a prolonged corrective phase. It is susceptible to a bullish move.
The targets are marked on the chart.
A 4-hour candle close below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You