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Support_and_resistance

NOKJPY - Buy Setup from Key SupportFOREXCOM:NOKJPY is currently at a significant demand zone that has historically attracted buyers, triggering bullish reversals. This support level has been pivotal in past price actions, forming a solid base for potential upward momentum. The appearance of a strong bullish candle reinforces the setup, suggesting the likelihood of an upward movement, with a target around 13.7785. However, if the support level is breached, the bullish sentiment could fade, allowing for a possible decline. Traders should remain alert in this zone for signs of buyer strength before taking long positions. Proper risk management is critical to mitigate the risk of losses.
Long
by TrendDiva
2
USDCHF – Potential Bearish Continuation Toward SupportThe USDCHF pair has broken below a key ascending trendline, signaling a potential shift in momentum. This move aligns with a bearish bias, suggesting that price action may now head lower. If the price retraces back to the broken trendline or nearby resistance levels and forms bearish confirmations—such as rejection patterns, bearish engulfing candles, or long upper wicks, it could reinforce the likelihood of further downside movement. Should this scenario materialize, sellers may target the 0.90484 level as the next area of interest. A sustained breakdown below this support zone could pave the way for continued bearish pressure. However, traders should remain cautious. A break back above the resistance zone or strong bullish momentum could invalidate this outlook.
Short
by TrendDiva
1
BTC at major Resistance Zone? Will it drop to 102,100 $?COINBASE:BTCUSD is trading in a robust resistance zone that aligns with prior price rejections and key supply levels. This area has in the past attracted strong selling interest, making it a critical point to watch. If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 102,100. Conversely, a break above this level could signal further upside and invalidate the bearish setup. Traders should carefully evaluate price action at this zone before entering positions. Do you see this playing out similarly? Let’s discuss in the comments below!
COINBASE:BTCUSDShort
by TrendDiva
5
EURUSD - Potential Short from Resistance ZoneThe EURUSD pair is currently trading within a descending channel, indicating a continuation of bearish momentum. The price has recently bounced from the lower boundary of the channel and is now approaching a key resistance zone , aligning with the channel's upper boundary. If the price rejects this resistance zone, it could signal a resumption of the downtrend. Confirmation of bearish momentum, such as rejection patterns, bearish engulfing candles, or long upper wicks, would strengthen the likelihood of a downward move. In this scenario, the next target for sellers would be the 1.02029 level. A break below this support could extend the bearish trend further toward lower levels. Traders should closely monitor price action near the resistance zone for signs of rejection or a potential breakout.
Short
by TrendDiva
3
AUDCHF - Potential Short Opportunity from Key ResistanceOANDA:AUDCHF is currently testing a significant resistance zone. Historically, this area has seen strong selling pressure, leading to notable bearish moves. The recent bullish push into this resistance zone suggests a potential for sellers to regain control. A bearish confirmation, such as rejection candles, bearish engulfing patterns, or long upper wicks, would increase the probability of a downward move. If this scenario unfolds, the price could head toward the 0.56623 level. Traders should remain cautious and wait for clear signs of selling pressure before considering short positions. Proper risk management is essential, given the possibility of a break above the resistance zone. What are your thoughts on this setup?
Short
by TrendDiva
CADCHF - Bearish Setup at Key ResistanceThe CADCHF pair is currently trading near a significant supply zone, where prices have previously encountered strong resistance and reversed lower. This suggests a potential bearish scenario as sellers might regain control in this region. A bearish confirmation, such as a rejection candlestick pattern (e.g., a bearish engulfing or long upper wick), would strengthen the case for further downside movement. If this scenario unfolds, the next target to monitor is around 0.63202, which aligns with a key support level. Traders should wait for clear confirmation of selling pressure before entering short positions to ensure alignment with the broader market sentiment.
Short
by TrendDiva
AUDJPY: Potential Long from Key Support ZoneOANDA:AUDJPY is currently trading near a significant support zone which previously led to bullish reversals. The recent bearish move into this zone suggests a potential for buyers to step in and drive prices higher. A bullish confirmation, such as rejection patterns, bullish engulfing candles, or long lower wicks, would increase the likelihood of a rebound. If buyers regain control, the price may rise toward the 96.650 level, where sellers could potentially re-emerge. This setup aligns with a possible short-term recovery within the broader bearish trend. Traders should wait for confirmation of buying pressure before considering long positions.
Long
by TrendDiva
GOLD - Potential Bearish Rejection at ResistanceGold is approaching a key resistance zone, which aligns with the upper boundary of the ascending channel. This area has the potential to act as a strong barrier, leading to a bearish pullback if sellers regain control. A rejection at this resistance could push the price back toward the $2,698-$2,700 level. If this level holds, it may provide a base for buyers to attempt another rally. However, a failure to hold above the $2,698 level could signal further bearish momentum, potentially targeting lower areas within the channel. Traders should watch for confirmation, such as bearish candlestick patterns or strong rejection wicks, at the resistance zone.
FX:XAUUSDShort
by TrendDiva
1
EURNZD - Potential Short from Resistance ZoneOANDA:EURNZD is currently approaching a significant supply zone near the 1.84500–1.85000 level. Historically, this area has acted as strong resistance, leading to bearish reversals. The recent bullish move into this zone suggests a potential for sellers to regain control and push prices lower. A bearish confirmation, such as rejection patterns, bearish engulfing candles, or long upper wicks, would support the likelihood of a reversal. If the scenario materializes, the price may head toward the 1.83150 level, where buyers might step in again. This setup aligns with a potential short-term retracement within the broader market structure. Traders should wait for confirmation of selling pressure before considering short positions.
Short
by TrendDiva
EURAUD - Potential Short from Resistance ZoneThe EURAUD pair is approaching a significant resistance zone. The current bullish momentum into this area may provide an opportunity for sellers to regain control. A bearish confirmation, such as rejection patterns, bearish engulfing candles, or signs of slowing momentum, would increase the likelihood of a pullback. If the resistance holds, the price could target the 1.66150 level. Traders should monitor for confirmation of selling pressure before initiating short positions. This setup aligns with a potential corrective move within the broader market structure.
Short
by TrendDiva
1
Alikze »» MOVR | Supercycle Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Super cycle Bullish Wave 3 or C Scenario - 1D 📣 MEXC:MOVRUSDT currency has encountered demand after a zigzag correction in the 3.61 range, which has had a rapid upward rally 🟢 After that, the price has had a double complex zigzag correction to the origin of the third upward wave. 🟢 Again, in the origin of the third movement, with a three-wave movement, it has encountered demand again in the area of ​​the bottom of the ascending channel. 🟢 Currently, selling pressure is also observed in the ceiling of the ascending channel and the supply area. 💎 If this correction is broken in the form of a zigzag to the minor ceiling, it can be extended to the minor ceiling. It can again encounter demand and an upward rally to the minor ceiling of the previous rally. 💎 Depending on the momentum, this cycle can be a super cycle wave 3 or C to touch the red box area. ⚠️In addition, if the area touches the bottom of the previous wave, the bullish scenario is invalidated and should be re-examined and updated.⚠️ »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. 🙏Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by UnknownUnicorn7266498
7
USDCAD - Potential Short from Key Resistance ZoneThe USDCAD pair is testing a significant supply zone, a level that has consistently acted as resistance in the past. The strong upward momentum approaching this area may lead to a reversal as sellers look to regain control. A bearish confirmation, such as rejection candles (e.g., shooting stars), bearish engulfing patterns, or long upper wicks, would strengthen the case for a short position. If this setup plays out, the price could head toward the 1.43928 level. Traders should monitor price action closely for signs of selling pressure before entering short positions.
Short
by TrendDiva
1
GOLD - Potential Bullish Break & Retest SetupGold is currently trading above the $2,700 level, which previously acted as resistance and could now serve as support. If the price pulls back and buyers defend this level, it could confirm bullish momentum, leading to a continuation toward the next target at $2,712. However, failure to hold above the zone may invalidate this setup and signal potential bearish pressure. This scenario aligns with the broader ascending channel structure, suggesting the potential for further upside if key support holds.
FX:XAUUSDLong
by TrendDiva
1
CADCHF – Potential Short Opportunity on RetestCADCHF has broken below a key support zone, indicating a shift in momentum to the downside. This zone previously acted as support and may now turn into resistance, aligning with the break-and-retest strategy. A bearish confirmation, such as rejection candles, a bearish engulfing pattern, or slowing bullish momentum, would strengthen the case for continued downside. Should this scenario play out, the next target for sellers would be around the 0.63387 level. Traders should remain patient and wait for the price to revisit the resistance zone and provide clear rejection signals before considering short positions.
Short
by TrendDiva
3
APPLE - Bullish Setup at Channel SupportApple stock has recently rejected a significant support zone, which aligns with the lower boundary of the ascending channel. This rejection was accompanied by a strong bullish candlestick, signaling renewed buying momentum. The price is now positioned for a potential move toward the $250.00 level. This setup suggests further bullish continuation as long as the support zone holds. Traders may look for additional signs of buying strength as the price approaches higher levels.
NASDAQ:AAPLLong
by TrendDiva
1
GOLD - Potential Pullback to Retest SupportGold is trading near a key resistance zone within an ascending channel, suggesting a potential pullback. If price rejects the resistance zone, this could present an opportunity for sellers to re-enter the market. The immediate target for sellers lies at $2,677.99, a key support zone where buyers might re-enter. A decisive break below this level could pave the way for further downside, with the broader ascending channel potentially invalidated. This setup reflects a clear shorting opportunity if the price fails to sustain above resistance. Traders should wait for bearish confirmations before considering short positions.
FX:XAUUSDShort
by TrendDiva
GOLD – Potential Bullish ContinuationGOLD has recently broken above a key resistance level, signaling sustained bullish momentum within the broader ascending channel structure. This breakout aligns with the ongoing upward trend, reflecting the market's current bullish sentiment. If the price revisits the $2,678.17 level for a retest and displays strong bullish confirmation—such as a rejection pattern, bullish engulfing candles, or consistent buying pressure—it would strengthen the case for further upside potential. Should this scenario unfold, the next target for buyers is the $2,691.72, a level that has previously attracted significant selling interest. This setup reflects the broader bullish structure, offering potential opportunities for continuation trades. However, a failure to hold the retest level or a breakdown of the ascending trendline could challenge this outlook. Traders are encouraged to monitor price action closely at the retest zone for clear signs of bullish momentum before committing to long positions.
FX:XAUUSDLong
by TrendDiva
1
GOLD - Short Setup from Resistance ZoneThe XAUUSD pair has recently broken out of the bullish channel, signaling a shift in momentum toward bearish conditions. After this breakdown, the price is currently retesting the resistance zone. This retest is a critical point for the pair, as rejection from this resistance could confirm the bearish outlook. Traders should look for bearish confirmation signals such as rejection candles, bearish engulfing patterns, or a series of lower highs to validate further downside potential. If the resistance holds, the next significant target for sellers is the $2,650.43 support level, which could act as a key demand zone. A break below this level would open the door to further declines, potentially extending the bearish trend. This setup suggests a high-risk zone for buyers and presents an opportunity for short positions if bearish confirmations are observed. Careful monitoring of price action around the retest is essential for planning entries and exits. What are your thoughts on this bearish scenario?
FX:XAUUSDShort
by TrendDiva
4
AUDNZD: Bearish Setup at Key ResistanceThe currency pair is testing the upper resistance zone following a recovery from previous lows. This movement reflects market hesitation around the key levels, with both buyers and sellers showing strength at different intervals. What does this imply? A decisive move is yet to emerge, but the setup suggests potential bearish momentum in the short term. At present, the price has approached the resistance zone marked between 1.1117 and 1.1150. Historically, this zone has acted as a strong barrier, with sellers often stepping in to push prices lower. The price has yet to break and consolidate above this resistance, making it a critical trigger point for decision-making. I expect a rejection from the resistance zone near 1.1117. A failed attempt to break above this level, followed by bearish price action, could signal a move toward the support at 1.1025. The price may then test the lower consolidation zone around 1.0800 if bearish momentum persists. However, the pair could also be breaking through the resistance zone and consolidating above it. In such a case, the bias could shift toward bullish continuation, with targets set at higher levels.
Short
by TrendDiva
1
GBPCHF - Bullish Setup at Key Support ZoneThe GBPCHF pair is currently testing a key demand zone, where previous price reactions suggest potential for a bullish reversal. This area has historically been a support level, indicating that buyers could regain momentum at this juncture. A confirmation of bullish sentiment, such as the emergence of a bullish candlestick pattern or a strong rejection wick, would reinforce the likelihood of a rebound. Should this scenario unfold, the price could target the 1.12417 level. What are your thoughts on this outlook?
Long
by TrendDiva
XAUUSD: Bullish Momentum Heading for Key ResistanceXAUUSD is trending within an ascending channel and is currently respecting its structure. Price action is approaching the upper boundary of the channel, which aligns with the marked resistance zone near 2705.302. This area may act as a supply zone, triggering retracements or reversals. A short-term pullback toward the mid-channel or the highlighted demand zone near 2684.00 could occur before a continuation toward the 2705.302 target. Traders should look for bullish continuation patterns, such as a breakout above resistance or higher lows on the pullback, to confirm further upside potential. Conversely, a break below the demand zone might indicate bearish momentum.
OANDA:XAUUSDLong
by TrendDiva