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Supportandresistancezones

HelenP. I Euro will decline to support level and then start growHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price reached the trend line, and then turned around and started to decline. In a short time, EUR fell to the resistance zone, which coincided with the resistance level, and soon price broke this level. After this, the price some time traded below the 1.0900 resistance level, and later it tried to grow. But when the price entered to resistance zone and reached the trend line, the EUR turned around and made a strong impulse down, after which continued to decline next. Price in a short time fell to the support level, which coincided with the support zone and then some time traded near this level. Later, the Euro declined below this level, breaking it, but then it turned around and made a gap, after which rose back, breaking the 1.0515 support level one more time. At the moment, the EUR continues to move up and in my opinion, it will decline to the support level and then start to grow to the trend line. For this case, I set my goal at 1.0730 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
Buy EUR/CAD Bullish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.4795, This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.4874 2nd Support – 1.4912 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
5
GMX/USDT Trading ScenarioGMX is another undervalued asset in the current market. Its price is currently 70% below its all-time high (ATH), yet there is potential for it to reach that level again. The asset is currently trading at $28.37, close to its local minimum. From a volume analysis perspective, the asset is at the Point of Control (POC), which formed in May 2024, when the asset was in an accumulation phase. Trading volumes also indicate heightened interest from market participants in this price range. Despite the overall positive trend, the asset has not yet shown significant growth. However, with the upcoming altseason, it has strong potential to surpass its historical maximum.
by Rick_SimpleSwap
BALAMINES: SUPPORT & RESISTANCE TRADINGBalaji Amines has been trading in a consolidating zone for an extended period, oscillating between well-defined support and resistance levels. This range-bound behavior reflects a lack of decisive directional movement, but also offers an excellent opportunity for range-based trading strategies. Technical Analysis: The stock has recently touched its support level for the 7th time, indicating a strong demand zone at this level. The repeated testing of support without a significant breakdown strengthens the case for a potential bounce. Key support: ₹ 1990-2000 Key resistance: ₹ 2441-2550 Trade Setup: Entry: Near the support level around ₹1990-2000. Target: ₹2441-2550, the upper boundary of the consolidation range. Stop Loss: Below the support level, to minimize risk if the support fails. Disclaimer: This analysis is for educational purposes only. Conduct thorough research or consult a financial advisor before making trading decisions.
NSE:BALAMINESLong
by VanshikaUdeshi
GBP/USD - H4 Chart - Rising Wedge BreakoutThe GBP/USD pair on the H4 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Rising Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Days. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.2695, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2862 2nd Support – 1.3006 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
15
Nifty levels and targets for tomorrow 29/Nov/2024Nifty Prediction for 29th November 2024 Nifty bank levels and targets for tomorrow. follow for more update and information On the November expiry day, the benchmark index Nifty50 extended its losses, closing at 23,914.15 with a 1.49% decline, weighed down by weakness in IT and auto stocks. The market sentiment was dampened by concerns stemming from U.S. inflation data, which signalled a slower-than-expected trajectory for future rate cuts—a factor that particularly impacted the IT sector. On the daily chart, the Nifty erased earlier gains, filling the gap from the election results day. However, it managed to hold key support levels around the Middle Bollinger Band and a horizontal trendline. Technical indicators such as RSI and MACD remain on a positive trajectory, suggesting a favorable outlook in the near term. Traders are advised to closely monitor global events, foreign institutional investor (FII) activity, and rollover data to better understand the market's direction in the upcoming series. On the downside, the index has strong support at 23,800 and 23,650 levels, while resistance is expected at 24,100 and 24,350 levels.03:56 PM
NSE:NIFTY
by ARROWINDEX
Nifty bank levels and targets for tomorrow 29/Nov/2024Nifty Bank Prediction for 29th November 2024 Nifty bank levels and targets for tomorrow. follow for more update and information The Bank Nifty experienced a pullback, relinquishing early gains and failing to sustain its upward trajectory, closing at 51,906.85 with a 0.76% decline. On the daily chart, the index struggled after breaching the 52,600 level, reversing gains and engulfing the momentum of the last two sessions. This weakness was largely driven by private banking stocks, as the Nifty Private Bank Index fell by 1.11% for the day. Despite forming a bearish reversal pattern, the Bank Nifty remains above its 50- and 100-day exponential moving averages (DEMA), indicating strong support around the 51,500 level. A breach below this could extend the correction to 51,000 & 50700 levels. Traders are advised to adopt a stock-specific strategy within the banking sector and consider a "buy-on-dips" approach for the near term.
NSE:BANKNIFTY
by ARROWINDEX
NAS100USD / SAME DOWNTREND YESERDAY / 4HUSNAS100USD / 4H TIME FRAME HELLO TRADERS The price has already declined by 300 pips (a pip is a standard unit in financial markets, often used in forex trading to measure price changes). The price is currently attempting to reach 20,908 and 20,990. These are likely resistance levels, meaning points where the price might struggle to break through. If the price remains below 20,908–20,990, a further decline is expected. The targets mentioned for this decline are: • 20,668 • 20,451 If the price breaks above 20,990, it could increase to reach 21,105. The price is still below the All-Time High (ATH), and the general expectation is for further declines unless the resistance levels are breached.
OANDA:NAS100USDShort
by ArinaKarayi
NAS100USD / OVERALL DIRECTION TOWARDS DOWNWARD /4HNAS100USD / 4H TIME FRAME HELLO TRADERS Current Trend: • Prices are under downward pressure as they remain below the resistance level of 20,839. • The market appears to be consolidating or stabilizing around this level, preparing for a potential move. Upward Scenario: • If prices remain below 20,839, it is suggested that they may decline further: • First target: 20,666 (support level). • Further decline to 20,451 (next major support). Downward Scenario: • If the price breaks above 20,839 (the resistance level), it could lead to a rally: • Initial target: 21,105. • Further move to 21,249, which is identified as the All-Time High (ATH).
OANDA:NAS100USDShort
by ArinaKarayi
XAUUSD / RANGE MOVEMENT BETWEEN 2,678$ AND 2,604$ / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Yesterday, the market saw a price decline with a profit of +355 pips. This suggests a profitable movement for traders who correctly anticipated the downward trend. • Prices are currently attempting to reach $2,661, which is identified as a key resistance level. If prices stabilize below this level, further declines are expected. Expected Support Levels: • If the downward trend continues, potential support levels are highlighted at: • $2,630 • $2,604 • $2,587 These levels indicate areas where buyers might re-enter the market, slowing or reversing the decline If the price breaks above $2,661, an increase is expected, with a target of $2,678. The critical range is between $2,604 and $2,678 , A breakout on either side of this range will “confirm direction,” meaning it will provide clearer signal of the next major price trend. The market is currently under downward pressure, indicating a bearish bias in the analysis.
OANDA:XAUUSDShort
by ArinaKarayi
US30 / UNDER GDP NEWS / 4HUS30 / 4H TIME FRAME HELLO TRADERS As long as prices remain below the All-Time High (ATH) and confirm the downward trend observed yesterday, the market continues to trade under downward pressure. If prices fail to break above the Adjusted Resistance High (ARH) at 44,950, they are likely to decline further toward 44,514 and 44,170, with a key support level at 43,817. Conversely, breaking above the ATH could suggest a move toward new historical peaks. Overall, the current market is trading within a bearish framework.
EIGHTCAP:US30Short
by ArinaKarayi
FTM LongFTM is currently testing resistance at $0.71 as it enters a price discovery phase. The chart forms an early-stage symmetrical triangle pattern accompanied by positive momentum indicators. This pattern suggests a period of consolidation, where the price is likely to move sideways within a narrowing range. The 200-day moving average is acting as a key level for a potential breakout, while the MACD suggests an imminent surge. Given these factors, the outlook for FTM appears bullish, favoring long positions. Support - 0.62 Resistance - 0.76 RSI - Neutral Fear & Greed Index (Binacne) - 48 Neutral Fundamental Analysis: Fantom's approaching transition to the Sonic platform creates positive investor sentiment and contributes to its recent price appreciation. This EVM-compatible upgrade promises enhanced transaction speeds exceeding 10,000 TPS and includes a substantial airdrop of S tokens for existing FTM holders. Given these developments and the improving market landscape, analysts project that FTM may outperform significant cryptocurrencies like Bitcoin and Ethereum in the coming quarters, potentially positioning it as a notable player in the evolving blockchain ecosystem.
FLong
by LOWCO_487
Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9104 Target Levels: 1st Support – 0.9060 2nd Support – 0.9032 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
10
NAS100USD: Is Bearish Control Taking Over?Greetings Traders! While NAS100USD remains bullish, I see signs of a potential bearish shift for several reasons identified on the chart. Most notably, price has been rejecting a Rejection Block, a significant institutional resistance zone. This rejection has resulted in strong downside displacement, signaling that institutional interest may now lean bearish. Retail vs. Institutional Resistance Institutional Resistance: Price has retraced into heavy premium levels, ideal for selling opportunities (sell in premium, buy in discount). A key difference with institutional resistance lies in its foundation on Rejection Blocks. These order blocks, formed at market turning points, are characterized by large wicks relative to candle closures. They indicate that institutions or smart money entered substantial sell orders, giving confidence to anticipate bearish price action. Retail Resistance: In contrast, retail resistance often serves as engineered liquidity. Here, banks and institutions create the illusion of a resistance zone to entice retail traders into taking trades. These zones, strategically placed at premium levels, enable institutions to sell against retail positions. Understanding this manipulation is critical for aligning with institutional order flow. Trading Plan Confirmation Zone: Monitor price action at the Rejection Block and premium levels for bearish confirmation. Targets: Fair Value: The 50% retracement of the leg. Liquidity Pool: The downside liquidity resting below current levels. Discussion and Insights If you have questions, analysis, or insights, feel free to share them in the comment section. Let’s collaborate, learn, and grow as traders! Kind regards, The_Architect
OANDA:NAS100USDShort
by The_Archi-tect
2
XAUUSD / TRADING UNDER DOWNWARD PRESSURE / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Prices are currently under downward pressure, indicating a bearish sentiment ,The current price movement is attempting to approach a resistance level of $2,630. Scenarios and Levels , If prices stabilize below $2,630, it suggests further declines: • First target: $2,604. • Second target: $2,587. • Breaking the resistance level of $2,630 suggests: • First upward target: $2,661. • Second upward target: $2,678. Conditions for Movement, Stabilization below $2,678 , Suggests prices will likely decline , Stabilization above $2,678 , Indicates a possible continuation of upward momentum. Overall Range , The expected trading range is between $2,716 (upper limit) and $2,542 (lower limit).
OANDA:XAUUSDShort
by ArinaKarayi
Sell EUR/JPY Bearish ChannelThe EUR/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 161.15 Target Levels: 1st Support – 159.88 2nd Support – 158.91 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
12
A Risk Tolerance Test for All TradersRisk Tolerance trips up more traders than any other emotional aspect of trading stocks, or any other asset class. How is your risk tolerance? Would you say that you have a good stable risk tolerance? Or is it the main reason you take small gains or losses? If you need help evaluating your risk tolerance, take this Risk Tolerance Test . If any of these apply, then there is a problem you need to address: Do you get stopped out of trades and then watch as the stock moves up? This is caused by setting stops too tightly for the kind of trading style being used. Do you panic as the stock retraces and lower the stop loss to avoid getting stopped out? This actually increases risk rather than lowering it. Do you raise your stop loss before the stock forms a new consolidation for support? This also increases risk rather than lessening it. There is higher risk that you will get stopped out prematurely. Do you check profit or loss everyday on your held stocks? Position traders should only be checking their balance once a month. Swing traders could wait for the end of the month but can do it weekly. Are you a swing trader who checks your positions intraday to see what is happening? This runs the risk of reacting prematurely to intraday volatility that eventually evens out. Have you given up on using stop losses because "they don't work"? You probably just need to learn a better method for placing stop losses. Do you hold and hold with no stop loss, watching a stock tumble, unable to exit and ultimately exiting too late or "holding long term" instead? This is a chronic problem among retail traders that indicates the lack of a complete trading plan, one that provides a plan for when your holdings go against your intent. To keep your risk tolerance in check try adding these simple steps to your trade analysis: Carefully check the Risk to Reward ratio of your picks, and only trade stocks with a good probability for profit vs. loss. Consider the amount of money at risk in each trade. Think about how you would feel if you lost that money should the trade go against you. Add this parameter to your trading rules. Lower overall market risk by trading more than one or two stocks at a time. Spread your capital outlay over a few picks rather than putting it all on one trade. Use stop losses on every trade. Place stops under the appropriate support levels for the chart patterns and your intent. If you are a Swing Trader, it is important to enter trades only on strong market days. Not every flat day is a good day to swing trade. You'll keep more of your profits over time if you wait for ideal days and picks. The simplest way to improve risk tolerance is to continually paper trade on a Simulator even after you've started trading live. Most beginners do not practice executing their trading plan sufficiently before jumping into the market. They allow emotion to cloud better judgment and let greed overwhelm decisions. Trading is the only business where normally calm, intelligent, and wise people do really greedy things that end up being foolish and risky. And it all comes down to the emotions that come with money, especially fear, greed and pride. Traders have one thing to compete against and that is their own emotions, which can cause poor decisions. My best advice for all traders is this: compete against your own prior trading history to improve results, and ignore what is going on with everyone else. Summary: Emotional control comes from having a sound plan, sticking with it, and not changing it because the market has moved on a whim or some guy on social just made a lot of money. Create your trading style, which is a plan of attack for the market. Set out your strategies and use the correct ones for the current Market Condition. Only trade stocks that have a risk factor you can live with. Use stop losses appropriately, and you will be successful. Problems occur somewhere in all of this, when traders miss a step and deviate from the plan. When you feel emotions getting out of hand, controlling your trading decisions, consider the above checklists for help evaluating and adjusting your mindset. Greed is a tough emotion to control, because it is insidious and hard to identify in ourselves. Fear is easy to identify and much easier to control or harness. A certain amount of fear is necessary and good in the market, because it keeps individuals from taking too much risk. However, fear that dominates daily emotional energy only creates constant losses. Think about this and study prior trades. If they performed well after being stopped out, then there is a risk problem to address in your trading plan.
NYSE:AXPEducation
by MarthaStokesCMT-TechniTrader
EUR/USD Hits Critical Support: Will It Move Higher?EUR/USD has experienced a decline of over 5% in recent weeks, without any significant pullbacks, raising the likelihood of a potential upward movement in the coming days. This downward trend has brought the price to a key support level on the daily chart, near 1.0450, a region previously tested in December 2022. Following this, the price exhibited classic false breakout behaviour, briefly dipping below this support before quickly reversing upwards. Understanding False Breakouts in the Forex Market A false breakout occurs when the price temporarily breaches a significant support or resistance level but fails to maintain that movement, swiftly reversing direction. In the case of EUR/USD, the breakdown below 1.0450 was rejected by buyers, which resulted in an immediate upward rebound. False breakouts are relatively common in the Forex market, where heightened volatility and manipulation by larger players can trigger fleeting movements that capture the stop-loss orders of conservatively positioned traders. Such scenarios often create opportunities to trade in the opposite direction of the initial breakout. Potential Trigger: Break Above Previous Candle High Today's candle has exceeded the high of the prior candle, signalling a possible shift in direction as buyers begin to regain momentum. This context indicates that the 1.0450 region could once again serve as a crucial defensive point for buyers. Potential Upside in the Coming Days The breakout above the previous candle's high is a positive indication for buyers. If EUR/USD can maintain its position above the 1.0520 level, it may signify the onset of buying strength, with the next upside targets being: 1.0670 - A zone where previous support may act as resistance, coinciding with the 38.2% Fibonacci retracement level of the recent decline. 1.0750 - A significant resistance level and prior consolidation zone on the daily chart, aligning with the 50% Fibonacci retracement of the recent downside. To confirm this bullish scenario, the price will need to sustain upward momentum characterized by large-bodied daily candles and increasing buying volume. Alternative Scenario: Bearish Resumption Should the price fail to maintain the rally and break below the 1.0450 support level, the bearish scenario could resume, with subsequent targets including: The next relevant support zone on the daily chart around 1.0250. A final target near the 1.0100 region, which attracted attention in November 2022. EUR/USD is currently at a critical juncture following a significant decline and a false breakout of daily support. The analysis suggests potential for upside as long as the price remains above 1.0450. However, the possibility of a bearish scenario cannot be dismissed, especially in the event of a negative reversal. This is a crucial period for monitoring price behaviour at key technical levels. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom