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Supportresistancetrader

GBP/USD Breaks Rising Channel – Bearish Target Ahead!Key Observations: Rising Channel: The price was trading within an ascending channel, bouncing between resistance and support. Breakout & Sell Signal: The price has broken below the channel support, indicating a potential trend reversal. Bearish Target: The next key support level is around 1.27024, aligning with a previous demand zone. Confirmation: If the price stays below 1.29165, further downside movement is likely. Trading Idea: Short Entry: After confirmation of a breakdown below support. Target: 1.27024 (next major support level). Stop Loss: Above 1.30127 (previous resistance). This setup suggests bearish momentum as long as the price remains below the broken support. Traders should watch for retests and volume confirmation.
Short
by PIPsOptimizer
2
Gold/USD (XAU/USD)– Potential Bearish CorrectionKey Observations: Uptrend & Resistance: The price has been trending upwards within a parallel channel. It reached a resistance level around $3,064 - $3,055, where selling pressure is evident. Potential Pullback: The price is showing signs of rejection at resistance and could move lower. The first target for the pullback is around $3,013 - $2,964, which aligns with previous structure levels. A deeper correction could test support near $2,880 - $2,878. Trade Setup Idea: Bearish scenario: If price fails to reclaim resistance, traders may look for short opportunities targeting lower support levels. Bullish scenario: If price breaks above resistance, it could trigger further upside momentum. Conclusion: This chart suggests a possible short-term correction before determining the next move. Traders should watch price action near key levels for confirmation.
OANDA:XAUUSDShort
by PIPsOptimizer
Gold (XAU/EUR) – Bearish Setup at Key Resistance LevelChart Overview: This 4-hour chart of Gold (XAU) against the Euro (EUR) suggests a potential bearish setup as the price has reached a key resistance zone. Key Observations: Resistance Zone: The price has broken above a descending channel and is testing a significant resistance level around 2,790 - 2,800 EUR. Sell Signal: A rejection from this resistance level has prompted a potential short entry. Bearish Target: The projected price decline could reach the 2,727 EUR support zone, aligning with previous demand areas. Risk-to-Reward: The expected decline represents a -2.08% move, indicating a strong risk-reward setup for sellers. Trading Idea: Sell Entry: Near 2,790 EUR (if rejection confirms). Target: 2,727 EUR (support zone). Invalidation: A breakout above resistance could signal further bullish continuation. This setup suggests a short opportunity, but traders should watch price action for further confirmation before entering trades. 📉🔥
OANDA:XAUEURShort
by PIPsOptimizer
This is a 4-hour chart of Bitcoin (BTC/USD)This is a 4-hour chart of Bitcoin (BTC/USD) showing a key resistance level around $86,527 and a potential bearish move towards lower support zones. Analysis: Price is currently trading near the resistance zone, struggling to break above it. A sell setup is suggested, expecting rejection from resistance. The first target is around $78,500, with an extended downside target at $75,869 and possibly $71,580 if momentum continues. A stop-loss level is placed above resistance at $86,527, indicating a risk management strategy. The overall structure suggests bearish sentiment unless price breaks above resistance. Potential Trading Plan: 📉 Bearish Scenario: Short below resistance confirmation. Targets at $78,500, $75,869, and $71,580. Stop-loss above $86,527. 📈 Bullish Scenario: A break and close above $86,527 could invalidate the bearish setup.
BINANCE:BTCUSDShort
by ForexOptimizer
SLB is breaking out of a head and shoulders patternIn this chart I point to main chart pattern in the SLB prices at this moment, that is the head and shoulders. Not only that, but the prices are doing a breakout of this pattern, that I indicate step-by-step at the purple text in the chart. I am also trying to take some advantage of this movement, and so I bought a very short term put option to try catch some profit from an eventual falling in prices. The put information is in the gray text in the chart.
NYSE:SLBShort
by thessia_
2
CPO Extended Gains to Record HighPalm oil prices gone up higher as expected and closed at 5322 after posted record high at 5327. Factors continue to affect palm oil prices: 1. New export permit policy in Indonesia which required exporters of vegetable oil to gain approval for their shipments and declare their domestic sales with the objective to ensure that sufficient supply of cooking oils in domestic market. New regulation may curb supplies from Indonesia and led buying spree in Malaysia. Besides, India likely to shift their imports to soybean and sunflower oils as replacement. 2. Bullish sentiment in global oil market continue to support palm oil prices. 3. Strong gains in soybean oil following latest weather forecast that turned into hot and dry weather in Argentina and Southern Brazil which may result further yield deterioration. Technical View: 1. Market break new high and closed above 5300 2. Stochastic remains uptrend signal Suggestion Trade: Long if stay above 5300 Target Stop Loss (support level) 5100 Target Profit (resistance level) TP1 5425 TP2 5525 TP3 5625
MYX:FCPO1!Long
by happytrading96
AUDUSD short - Double Top - Supply Demand - UPDATEHello Traders! Great moves on AUDUSD yesterday. The price went down from the h4 Supply Zone. It also created a new Supply Zone. We can expect that the price will go up again to the Supply Zone. Afterwards I expect a drop down to the Demand Zone. If we are at the Demand Zone the price could push higher, but also had the opportunity to break it. Remember we are at a daily level of supply. This levels can push the price for more pips in one direction. But we will need to watch price action and the market at that specific time for further confirmation. But for now cheers for all who are in the trade or for the traders who scalp it. It made great moves yesterday. That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions. Also tell me who is already in shorts? Thank you and we will see next time - Darius.
Short
by DariusFxTrading
USDCAD short - Supply Demand - h4Hello Traders! I marked the most important Zones on the chart. We got here a nice short setup. Price pushed down from the Supply Zone. I am waiting right now for price to go a little up and then to short USDCAD with Price Action Signal. This is the Trading Idea for USDCAD That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions. Thank you and we will see next time - Darius.
Short
by DariusFxTrading
EURJPY long and short setup - Supply DemandHello Traders ! We got 2 possible setups on EURJPY. We can buy it and short it. We will need to see how the market will open and to see if we are going to push again down to the Demand Zone. If we will do so then we can buy from there. Otherwise we have the opportunity to short it from the Supply Zone. Watch Price Action in order to trade with confirmation and you are good. That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions. Thank you and we will see next time - Darius.
by DariusFxTrading
1
DXY long, UPDATE, EXPLAINED, Market behavior, CorrelationHello Traders ! What is the DXY? It is an index of the value of the United States dollar relative to a basket of foreign currencies. The Index goes up when the U.S. dollar gains strength (value) compared to other currencies. Why do we need to analyze it? Actually I like to have a look on the DXY because of the Correlation. So the DXY is nice to use when we are trading XAUUSD , EURUSD , AUDUSD , GBPUSD . Usually when the DXY goes up, the mentioned pairs will go down. Just watch for example EURUSD and XAUUSD the last week and compare it with the DXY. You will see what I am talking about. Chart Analysis: If we are looking at the chart we can see that we dropped now from a daily Demand. We now go 2 option. #1 - Price going up again, down, retest and then drop #2 - Price going higher, retest the the Demand and shot up For the final confirmation wait for Price Action to show you signals. That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions. Thank you and we will see next time - Darius.
TVC:DXYLong
by DariusFxTrading
USD WTI SHORTHello Guys, In this video i breakdown what i see on oil. I view oil as being completely weak especially with the effects from corona virus that have impacted the demand side of the commodity. At the moment even though the pair is weak which could be viewed as cheap for investor to buy based of value trading most of smart money will likely stay away from the dip buy until they get a solid fundamental sign that the price has finally bottomed out. Russia a top oil producer saying no to cutting oil supply to OPEC during and the Feds cutting the rates further solidifies the idea that oil will take a while to recover from this bear trend hence for now i would rather be on the safe side of smart money and only look for short positions after pull backs to key weekly resistance levels
FX_IDC:USDWTIShort
by collinsweball
GBPAUD LONG IDEA outlook for Swing Trade!On this occasion, I tried to express my idea to analyze GBPAUD. By using the trend line and the law of demand and supply, we get that the direction of trade in GBPAUD has the potential to decline. However, if we want to take transactions when the decline is, we only have a small profit range, but the risk is very large. So, I prefer to place price orders, in the area of demand below it. Where is this demand area we get at the price of 1,86265. With a profit and risk ratio of 1: 2. Don't forget to put your risk limit according to the level that I provide, or you can put your risk level according to your wishes. Thank you for the attention and time you gave to read my idea. Best Regards, Don_Hawkish
Long
by Don_Hawkish
Could Bearish Harmonic Signal Big Short on EURJPY?Price is currently stuck in a zone. But what's exciting is the big bearish harmonic that has formed from price respecting the monthly SR at 126.053. So is this a signal of the uptick ending or is it just a retracement for the continuation? My suspicions is that this current bullish run is just a large flag formation until price is ready to continue down. But we'll have to wait and see what happens. My sell TPs are: 124.787 *If price breaks 124.701 that will mean the harmonic is fully respected and will not be a retracement 124.207 123.796 123.416 Max swing trade TP 122.898 If the harmonic is just a retracement move, my buy TPs are: 126.503 126.659
by NikaJourney