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Support and Resistance

EURUSD Swing Trade idea 27/01/2025EURUSD appears primed for a bearish move after Friday’s pullback to the key 1.05000 level, which played out as anticipated. However, given the strong bullish weekly close and the absence of any major news events today, I’m opting to stay patient and wait for the daily candle to close before considering an entry. This will provide better clarity and ensure a higher probability setup. It’s crucial to monitor price action around this level to confirm whether the bearish bias plays out or if further upside is possible.
Short
by Thetraderscollective
EUR/USD H1 Prediction for 27/01/2025📊 FXFOREVER EUR/USD Analysis The price is currently consolidating near a key support zone between 1.03725 - 1.03980. A bullish move towards 1.04575 or 1.05178 is possible if this area holds. However, a breakdown could see the price testing new lows. Wait for confirmation before making a trade decision! 🚀 💡 Key Levels: 📉 Support: 1.03725 - 1.03980 📈 Resistance: 1.04575, 1.05178 #FXFOREVER #EURUSD #ForexAnalysis #CurrencyTrading #TechnicalAnalysis #ForexMarket
Long
by FXFOREVER_87
BTC is on the way .BUY DIPObservations: Ascending Channel: The price is respecting an upward-sloping channel (orange lines), indicating a bullish trend since mid-2022. The lower boundary serves as strong support, while the upper boundary acts as resistance. Support Zones: Two green rectangles highlight potential demand zones around $82,290 and slightly higher. These zones are likely areas where buyers are expected to step in if the price corrects further. Resistance Levels: Key resistance levels are marked with red lines: $108,171, $131,987, $175,479, and $232,111. These may act as profit-taking zones if the price continues to rally. Current Price Action: The price ($98,687) seems to be consolidating near the upper range of the channel. If it breaks out above this range, a more significant rally could follow. Alternatively, a rejection here could trigger a pullback toward the support zones. Possible Scenarios: Bullish Case: A breakout above the upper channel boundary could lead to testing the $108,171 resistance. Sustained momentum may target the next resistance levels at $131,987 and beyond. Bearish Case: If the price fails to break the resistance and drops, the first support to watch is around $82,290. A deeper correction might revisit the channel's lower boundary. Neutral/Consolidation: The price could consolidate within the $90,000–$100,000 range before making a decisive move.
by aminazarpey
PALLADIUM - In a significant resistance levelOANDA:XPDUSD is approaching a significant resistance level that has previously seen bullish momentum. This area aligns with a notable supply zone and could present a potential selling opportunity. If bearish signals, such as rejection wicks or bearish candlestick patterns, appear, the price may decline toward 993,000. Crossing above this resistance zone would diminish the bearish perspective and indicate bullish continuation. Key Takeaway: Monitor price action closely at this level and prioritize strong risk management. What’s your perspective on this setup? Share your thoughts in the comments!
OANDA:XPDUSDShort
by TrendDiva
1
Brent Crude Oil At Key Resistance - Will It Drop to 78.00?ICMARKETS:XBRUSD is at a key resistance area, marked by historical price reactions and strong selling pressure. This zone has been a reliable turning point for bearish reversals in the past. If bearish confirmation emerges, such as strong upper wicks or bearish candlestick patterns, I expect the price to move toward 78.00. A breakout above this resistance, however, would invalidate the bearish scenario. Traders should remain cautious and use proper risk management when approaching this level.
ICMARKETS:XBRUSDShort
by DanieIM
COTTON: Buy Setup at Key Support ZonePEPPERSTONE:COTTON is trading within a significant demand zone, marked by prior price reactions and a strong historical support area. This zone has previously acted as a pivot point for bullish reversals, suggesting a high-probability area for buyer interest. I anticipate that if the price confirms a rejection within this demand zone, the market may move upward toward the 6,824 level, which represents a logical target within the current market structure. If you have any additional insights or a different perspective, feel free to share your thoughts in the comments!
FOREXCOM:COTTONLong
by DanieIM
EURGBP - following the trend (down)Well, this one says it all. Why complicate things when the market is saying it is simple? To me, this one seems clear (now, at this time, today! No crystal balls here). - Downward channel with good top nd medium levels, missing well defined two separated price points for a clear support line. - Clear and strong reaction to resistance last week. - Price consolidated for quite a number of hours and seems to be breaking out in the 1H chart. Potential move to 0.823 deserves an 8 on my EP scale. NB: my EB scale is just a personal 1 to 10 conviction rate of my edge in each trade
Short
by Taguspt
Accumulate Near Protocol from $1-$3I should have stuck with my alt reset sentiment, because it was correct. I think that BTC will complete a correction to the mid 70Ks. This last run-up on Near and most other alts was a bearish run up. It appears that the bearish divergence all up and down Bitcoin's timeframes is actually going to play out. I think that Near resets its self may almost all the way down to $1.00. That would form a big inverse head and shoulders pattern if it does. That's all that I have for now.
by LoneWolf1425
BTC (1-hr) weaking accumulationBitcoin (BTC) is currently navigating a crucial moment on the 1-hour chart against the USD, as traders analyze the dynamics of a declining wedge (flag) and critical Fibonacci retracement levels. The triangle’s boundaries, marked by descending resistance and ascending support lines, show a tightening price range reflecting market indecision. With the price currently hovering near the 0.764 Fibonacci ($104,059.49), the market seems poised for a potential breakout or pullback, depending on volume momentum and trader sentiment. A closer look at the Bernoulli Indicator and the OBV-ADX volume profile reveals a worrisome trend: volume decays as BTC consolidates. This signals a possible weakening of momentum, increasing the likelihood of price pullbacks. Observing the indicator’s contributions, a mix of green and red signals suggests periods of buying pressure but insufficient follow-through to push the price decisively higher. If BTC fails to break the upper resistance, traders should be prepared for a pullback to the key support level near $99,000. This zone aligns with the 0.5 Fibonacci retracement and could act as a battleground for bulls and bears. Should a more substantial sell-off occur, a flush toward the 0.382 retracement level near $97,000, or even a deeper move to $90,000, is within the realm of possibility. This would likely flush out weaker hands, paving the way for a renewed accumulation phase. However, if BTC breaks above the resistance with an accompanying surge in volume, it could spark a rally to test higher levels, such as $108,000. For now, traders should stay vigilant, watching for any volume surge or divergence on the Bernoulli and OBV-ADX indicators to confirm directional moves.
COINBASE:BTCUSD
by kocurekc
SEI/USDT | 4-Hour Reversal SetupThis SEI/USDT 4-hour chart highlights a potential buy setup at a key demand zone: Entry: $0.3160, anticipating a bounce from the current consolidation. Stop-Loss: Placed at $0.2590, below the order block (OB) zone for risk management. Take-Profit: Targeting the $0.3200-$0.3400 range for potential gains. The highlighted OB zone reflects strong historical support, making this a high-reward trade with manageable risk. Confirmation from volume and candlestick patterns is recommended before entering the trade.
Long
by cRyPt0N008
VOLTAMP Trading Within Demand Zone VOLTAMP is currently trading at ₹7310.75, within the demand zone ranging from ₹7394.95 (baseHigh) to ₹7131 (baseLow), identified on 23rd February 2024. This zone could act as a support level, presenting a possible opportunity for investors to explore. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
NSE:VOLTAMPLong
by rush12799
Inverse W Pattern on $QQQ: Potential Short Week?I’m keeping an eye on potential shorts as we head into the new trading week. A double top (inverse W) pattern seems to be forming here, but I’m waiting for confirmation. Specifically, I want to see a strong push below the red liquidity zone and some consolidation along the negative trendline before entering any short positions. On the flip side, if we see a confident rejection off the liquidity zone and price starts climbing toward the 534 level (white zone) , I’ll shift my focus to potential longs. Patience is key here—waiting for the market to show its hand before making any moves. Let me know your thoughts or if you’re spotting anything else in the charts!
NASDAQ:QQQ
by ayushpanda_25
ETH Before the Hunt: Why Clarity is King in TradingIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! When it comes to trading, patience is often as important as the strategy itself. As I stared at the chart for what felt like an eternity, I couldn’t help but notice the mixed signals emerging from the Elliott Wave side of things. Mixed signals can be frustrating, especially when you’re eager to make a move, but they’re also a reminder to slow down and let the market tell its story. In moments like these, clarity is everything. For me, clarity comes at specific levels—in this case, 3k or 3750. Until one of these levels breaks, I can’t say I’m confident enough to take a stance or make an entry. Trading without clarity isn’t trading; it’s guessing. And let’s face it, guessing doesn’t have a great track record in this game. Why 3k and 3750 Matter So, why these specific levels? In technical analysis, certain price points serve as psychological or structural boundaries. They’re often where traders make decisions that push the market one way or another. A break of these levels would signal a shift—whether in momentum, sentiment, or structure—that provides the clarity I need to move forward. Elliott Wave analysis is notoriously nuanced. Sometimes the waves line up perfectly, painting a clear picture, and other times they leave you scratching your head. Right now, the picture isn’t clear enough for me to confidently interpret the waves, which is why those key levels are so important. They act as filters, cutting through the noise and allowing me to focus on the signal. The Power of Patience Patience in trading isn’t just about waiting—it’s about waiting with purpose. The market doesn’t reward impulsive behavior, but it often rewards disciplined traders who wait for the right setup. That’s why I’m holding off for now. If one of those levels breaks, I’ll reassess, recalibrate, and, if everything lines up, begin the hunt for an entry. The idea of “the hunt” is what keeps me engaged. It’s not about rushing to pounce on an opportunity; it’s about tracking it, understanding it, and striking when the odds are in your favor. But before the hunt, there’s the waiting. Dealing with the Uncertainty It’s worth noting that uncertainty is part of the game. No chart analysis, no matter how thorough, can guarantee an outcome. What you can do is put yourself in a position to make informed decisions based on your strategy and the information available. Right now, the information I need lies at the 3k and 3750 levels. Until those break, my job is to sit back and observe. Waiting for clarity might feel passive, but it’s an active part of the process. By staying patient, I’m avoiding the pitfalls of premature action and ensuring that when I do make my move, it’s backed by data, analysis, and strategy—not emotion or guesswork. Final Thoughts Mixed signals are part of the trading experience. They can test your patience and make you second-guess your approach, but they’re also a valuable reminder to stick to your plan. For me, that means waiting until 3k or 3750 levels break. When they do, I’ll be ready to act. For now, the hunt is on pause. But once clarity shows up, that’s when the real work begins. Until then, it’s all about watching, analyzing, and preparing. Because in trading, as in life, timing is everything. Trade safe, trade smart, trade clarity.
COINBASE:ETHUSD
by CryptoKnee
Gold Poised for Upside: Bullish Continuation Toward $2800The 4-hour chart of Gold (XAU/USD) shows a bullish structure with a clear upward momentum. The key support zones around 2740-2755 serve as critical levels where buying interest is expected to emerge, supported by visible accumulation in these areas. A break of structure (BOS) confirms the continuation of the bullish trend, indicating that buyers are in control of the market. The weak high above 2775 signals a potential move toward testing the next resistance levels around 2785-2790. Two entry zones are highlighted for buyers: a conservative entry above 2755 or a more aggressive approach around 2740 in the event of a pullback. The upward price target lies in the 2790-2800 range, aligning with the overall bullish trend. From a fundamental perspective, gold prices remain supported by global economic uncertainty and continued demand for safe-haven assets. The market is also sensitive to Federal Reserve policy signals, with any dovish tones likely providing further bullish momentum. While the technical outlook favors buyers, it is crucial to implement proper risk management, with stop-loss levels below 2740 to protect against unexpected volatility.
CAPITALCOM:GOLDLong
by taimur-shahzad