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Support and Resistance

GBPUSD Potential Setup - Waiting for confirmationTime Frame: - Daily: FVG Identification - H4: FVG Identification - H1: Entry Signal 1. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.2700 - 1.2715 On the Daily chart also note FVG between 1.2680- 1.2712 2. Trend Confirmation: Price has break consolidation support at 1.2715. Price has now rising back to Daily FVG area. 3. Position: Entry: Waiting Confirmation Stop Loss : 1.2720 Take Profit: 1.2500 (fibo 161.8) RRR : 1:10x Note: Still waiting for entry confirmation. ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
1
XAU Gold 4H TradeFriends, the first trade on gold begins. I’m taking a long position on gold with a 4-hour timeframe, which I believe will show results in the next three to four days. There will be daily updates added to the analysis based on 30-minute intervals, so it’s a good idea to follow me to also see trades on lower timeframes. For this trade, I’ve hypothetically invested $500 with 20x leverage. You can adjust these amounts based on your own strategies and techniques. The main goal is to identify trends in gold across various timeframes and share insights. If you have any thoughts or suggestions, I’d be happy to hear them in the comments. Thank you!
CAPITALCOM:GOLDLong
by protahlil
SUPERUSDT Long Setup / 2x-3x LeverageBINANCE:SUPERUSDT 📈Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone 1.98-1.91 ⚡️TP: 2.12 2.23 2.36 2.49 🔴SL: 1.72 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
GBPJPY is Holding above the Support , All Eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY 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
Long
by ForexMasters2000
1
US30 Potential ShortKey Observations: Fibonacci Retracement Levels: The chart shows a retracement of the prior downward move, and the price is currently reacting near the 0.382 Fibonacci level at 43,828.18. The retracement failed to break through the 50% level (44,062.83), indicating weak bullish momentum and reinforcing the overall bearish bias. Further rejection below the 0.382 level could signal continuation to the 0.236 level (43,533.57). Price Action & Support/Resistance: Price is consolidating just above 43,770 and appears to be testing the lower levels. A breakdown from this support could send price to test 43,537.19, which is aligned with previous structure and the 0.236 Fibonacci level. If price breaks 43,828 and finds support, a pushback toward 44,062 (50% retracement) could occur. Bollinger Bands: Price is currently trading near the lower Bollinger Band, suggesting potential short-term oversold conditions. However, Bollinger Bands are widening, signaling increased volatility and a continuation of the current trend. Relative Strength Index (RSI): RSI is hovering below 40, indicating bearish momentum but not yet oversold. Any further decline below 30 would suggest strong bearish continuation. A minor divergence may form if price creates lower lows but RSI fails to follow, which could hint at a reversal. MACD (Moving Average Convergence Divergence): The MACD histogram remains below the zero line, confirming bearish momentum. The signal line is trending downward, but a smaller histogram bar suggests bearish momentum might be slowing. Key Levels to Watch: Support Levels: 43,770 (Current support area). 43,533.57 (0.236 Fibonacci retracement, next major support). Resistance Levels: 43,828.18 (0.382 Fibonacci retracement, immediate resistance). 44,062.83 (50% Fibonacci retracement, critical short-term resistance). Potential Scenarios: Bearish Continuation (Primary Bias): If price breaks below 43,770 with strong momentum, the next target would be the 0.236 level at 43,533.57. Indicators like the MACD and RSI support bearish continuation unless a divergence forms. Relief Bounce (Secondary Scenario): A bounce from 43,770 or the 0.382 Fibonacci level could see price retracing back to 44,062.83. Traders should watch for bullish confirmation like RSI climbing above 40 and MACD showing convergence. Recommendation: Short Sellers: Monitor for a breakdown below 43,770 and target 43,533.57. Use stop-loss around 43,900 to limit risk. Long Traders: Wait for a bullish confirmation (RSI divergence, MACD crossover, or a strong bullish candle) near support levels. This setup favors a bearish continuation with the potential for short-term relief bounces. Managing risk and waiting for confirmation signals is key and do not risk more than 1% of your account!
EIGHTCAP:US30Short
by Nozuk
GKC Bitcoin prediction December 2024 An opportunity to swing trade? Technical Analysis: ---------------------------------------------- Prediction Summary: Any price over 91K is what I personally consider a safe buying zone and anything below 100K a safe profit this week. Bitcoin might stay between 91K and 100K in the coming days or weeks. Long term remains bullish. The white Fibonacci Retracement shows the most likely price support ( colored lines) with the thickness being in relation to a descending order of probability. In the unlikely event of a drop below 91K, I do not plan to cut my losses and sell. I hodl. ---------------------------------------------- Fundamental Analysis: ---------------------------------------------- >The dip was likely caused by quantum tech FUD >El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry >MicroStrategy Purchases 21,550 Bitcoin for $2.1 Billion USD >$3.85B USD flowed into crypto investment products Tools used: Fibonacci Retracement Projected Forecast Ghost Feed This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions. sources: coinmarketcap.com www.coindesk.com coinmarketcap.com coinmarketcap.com ---------------------------------------------- Thanks for reading!
BITSTAMP:BTCUSDLong
by GoldArti
Easy profit of 110pips, gold still points to 2630!Bros, as I mentioned in my last opinion, gold is currently facing resistance in the 2660-2670 area, so I still prefer to short gold in terms of trading. Today we shorted gold near 2660 as planned. Just now, when gold fell back to around 2649, I manually closed my short position and easily made a profit of 110 pips. So how should we trade gold next? Today, gold showed a weak rebound, proving that as gold fell last Friday, buying funds gradually concentrated in the 2645-2640 area. Therefore, before gold falls below the 2645-2640 area, we cannot be too bearish on gold in short-term trading, so we cannot set a TP value that exceeds expectations; however, gold is still weak overall, and we can still wait for gold to rebound and short gold again. If the gold market is to eliminate some long holders, then gold is likely to try to fall below the 2645-2640 area and continue to fall to around 2630. So next, we continue to short gold with the 2665-2660 area as resistance. Brothers, are you bearish on gold in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A quiet but decent day on gold with the first entry level holding and giving the ideal opportunity to long into the Red box and bias target levels we gave in yesterdays KOG Report. We've completed most apart from the 2667 level which still remains. For that reason we would say support is standing at the 2650 level with extension into 2645 for any spikes, as long as we remain above we should see price attempt the higher red box which is where the path ends. Thin volume presents itself with the pre-event range looking like it's already started. We would say anyone long from lower needs to be protected and that trade should have been managed. Anyone short, 2650-45 key level here. 2650 complete 2655 complete 2657 complete 2660 complete As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
Follow the trend and short gold!This week is a new week, so let's start this week's trading with hope! Gold rebounded after touching 2643, and currently rebounded to 2658. From the current rebound strength, gold is still very weak. And after gold just experienced a big drop, there is no position to support gold to rebound immediately. So we can only follow the weak trend in trading at present. So in the short term, I still prefer to short gold, and there is resistance in the 2660-2670 area above. Once gold cannot break through this area strongly, gold is likely to continue to fall. Once gold encounters resistance and falls back, it may fall back to the 2645-2640 area, or even the 2630 area. Bros, let's try to short gold first, and then wait patiently for gold to fall back! If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Purple Innovation | PRPL | Long at $0.93Purple Innovation / Mattress NASDAQ:PRPL is facing a Nasdaq delisting if it can't stay above $1 by early 2025. However, a positive move up (from a technical analysis perspective) may be brewing. My historical simple moving average lines are approaching the price, which more often than not means a future price jump. But the question is, will it occur before the scheduled delisting? Google Trends shows the largest spike in the search for "Purple Mattress" occurred between June to December 2024. The CEO of NASDAQ:PRPL bought $203k worth of shares around this initial spike. The company is not expected to be profitable for some time, but I am more interested in the short-term move here vs the strength of the company, long-term. So, while this is a "risky" play, especially with the approaching Nasdaq delisting, it's interesting from a technical analysis end. At $0.93, NASDAQ:PRPL is in a personal buy zone through January 2025. Target #1 = $1.14 Target #2 = $1.30 Target #3 = $1.50 Target #4 = $1.63
NASDAQ:PRPLLong
by WorthlessViews