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Supportandresitance

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
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
Procter & Gamble (P&G) Overview and AnalysisProcter & Gamble (P&G) is a global leader in consumer goods, offering a wide range of household, personal care, and health products. Their iconic brands, including Tide, Gillette, Pampers, and Olay, have made them a household name worldwide. 1️⃣ Past Performance: In their last two earnings reports, the stock jumped by ~12% after strong results. 2️⃣ Current Price: The stock has dropped to a key support level ($159), attracting buyers at a discount. 3️⃣ Upcoming Earnings: Set for January 22, 2025—a potential catalyst for movement. 4️⃣ Outlook: Analysts predict a price target of $209 by year-end, highlighting strong growth potential.
NYSE:PGLong
by Charts_M7M
is the index in booze again and in breakdance mode? PEPPERSTONE:HK50 HSI:HSI Hello bello...everyone, may all your trade closed in profit! As mentioned in yesterday post, the Index was in a bearish mode but be cautious. Look at the 4H chart, do you see? Both MACD & KDJ are arcing again (MACD still within the bearish zone, below zero level) 4H chart - Bearish (bullish reversal within bearish zone, temporary -this can be fake rebound 😂) Cross-checked with broader tf chart - D chart. KDJ is now at oversold area 20. Both KDJ and MACD below zero level. Bearish. 1H chart the Index seems has no mood and strength to move and need quite a long rest... Mood change overnight, re-adjust and in the action. MACD - reversal for bullish generating green histogram; although the signal within bearish zone. Hence, for day trade is bullish for the week it could be pullback. KDJ completed the bearish mode and turned bullish; at the point of observation, it was overbought at KDJ ~75. MACD arcing up Bullish, KDJ overbought zone - this signal divergence; so cautious of the potential correction. It's likely to pullback. Hence, trade cautiously. For day trade: Same strategy, sell at resistance; buy/TP at support. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Set your tf, have your entry and exit plan! Support : 18300; today broke the support level hopefully it stays above 19070 level. (if breaks then next 19300) Resistance :19200-19300 (if breaks then 19450, then 19650) Sticktoyourplan follow your trading strategy. Trading to make pocket money isn't that challenging and it can be boring and you can make it fun and zen with it. Let's follow our own strategy and zen with 📙 and 🍵 to let the results realized. It can be a winning trade or losing trade, it doesn't matter. We are aiming for long horizon; as we are not gambling or speculating. Rememeber to allocate some of your gained pocket money for long term asset investment. We should take contrarian strategy. Accumulate Hong Kong and China stock and wait for 12-24months or more to have an exponential capital gain. Check the Month Chart you will notice, is almost there already.... PEPPERSTONE:HK50 HKEX:2800 Time frame is important! Prepared for the rollercoaster short-term rider for these two markets. Got your trade plan ready for 2025, or are you still figuring out your moves? Share your view OR hit the 🚀 , signal that you keen to explore. Happy Trading Everyone! ☺
PEPPERSTONE:HK50
by ChenQianYu
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
this week clearly more bearish than bullish but again cautious!PEPPERSTONE:HK50 HSI:HSI Hello bello.....May everyone trade in the state of peaceful and calming mind. Hong Kong Stocks Post Five-Day Rout Hong Kong stocks ended lower on last Friday, extending the losing streak to a fifth session, as sentiment remained downbeat due to concerns over US-Sino trade tensions. The Hang Seng Index retreated 0.92%, or 176.60 points, to end the week at 19,064.29. Is the news helping? News is distraction. 😂 What's the magic numbers to look at for HSI for the near short-long term? Well, we are now in the pullback correction area, worth to notice and recall that in fact in 2024 the index has actually bringing the full-year with almost 18% (17.67%) gain; closed at 20059. Support: 18569, 18215 (from W Chart you can see this is the support level from May,Sept 2024). If this breakthrough then we will see the index at 17570 level. Resistance: 18,930, 19,700 (well there are analyst forecasting that HSI has an upside of 15% targeting to 20,3000 by end of 2025) b]4H chart - Bearish Both MACD & KDJ are indicating Bearish mode. MACD - remained at bearish zone, line still arcing. [ s]But crossing up. Good sign. KDJ - remained in bullish green zone, indicating uptrend signal. Turned bearish. Cross-checked with broader tf chart - D chart. Bearish - at Oversold zone,below 80 Both KDJ and MACD below zero level. Bearish. 1H chart the Index seems has no mood and strength to move and need quite a long rest... For day trade: Same strategy, sell at resistance; buy/TP at support. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Set your tf, have your entry and exit plan! Support : 18215 (if breaks then next 19070) Resistance :18650 (if breaks then 19450, then 19650) MACD - closing to touch zero line trying to breakthrough but with the red histogram it looks likely dipping down. KDJ - in bearish zone. It may be divergence signal that on the oversold area and could see a rebound. Sticktoyourplan follow your trading strategy. Trading to make pocket money isn't that challenging and it can be boring and you can make it fun and zen with it. Let's follow our own strategy and zen with 📙 and 🍵 to let the results realized. It can be a winning trade or losing trade, it doesn't matter. We are aiming for long horizon; as we are not gambling or speculating. Rememeber to allocate some of your gained pocket money for long term asset investment. We should take contrarian strategy. Accumulate Hong Kong and China stock and wait for 12-24months or more to have an exponential capital gain. Time frame is important! Prepared for the rollercoaster short-term rider for these two markets. Got your trade plan ready for 2025, or are you still figuring out your moves? Think of it like prepping for a wild night out—plan your entry, know your exits, and avoid getting caught in the wrong crowd (aka bad trades). Happy Trading Everyone!
PEPPERSTONE:HK50
by ChenQianYu
GBPCHF - Potential Rejection at ResistanceThe GBPCHF pair is trading near a key resistance zone around the 1.13646 level, which has acted as a significant area of interest in the past. This region has previously led to reversals, suggesting that sellers may regain control at this point. The price action indicates a potential for bearish momentum, especially if rejection patterns form at this level. A rejection from the resistance zone could be confirmed by bearish candlestick patterns such as engulfing candles, long upper wicks, or other signs of selling pressure. If the rejection occurs, a potential move toward the 1.12850 target level is anticipated. This aligns with the broader expectation of a bearish correction within the current market structure. If you have a different perspective or additional data, feel free to share!
Short
by TrendDiva
NZDUSD - Potential Long from Key Support ZoneThe NZDUSD pair is currently approaching a significant demand zone near the 0.55800 - 0.54700 level. Historically, this area has acted as a strong support, leading to notable bullish reversals. The recent decline into this zone suggests a potential for buyers to regain control and push prices higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would indicate an increased likelihood of a move upward. If this scenario unfolds, the price may head toward the 0.57580 level. This setup aligns with a potential short-term rebound within the broader bearish market structure. What are your thoughts on this outlook?
Long
by TrendDiva
Euro can rise a little and then continue to fall to support lineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days started to trades inside the range, where it reached the top part at once and then dropped to the bottom part, breaking the resistance level, which coincided with the seller zone. Also then, EUR declined to the current resistance level, and even a little below, after which made a strong impulse up, backing up to the range, where it later broke the 1.0520 resistance level one more time. Then price some time traded inside the range and later reached the resistance line, after which started to decline. In a short time, the Euro declined to the current resistance level, thereby breaking the 1.0520 level and exiting from the range and then some time trading near the 1.0350 level. After this, the price broke this level and fell to the support line, but at once rebounded and rose to the resistance line, breaking the 1.0350 level again. A not long time ago, EUR broke the 1.0350 level one more time and continued to decline. For this case, I think that the Euro can rise to almost resistance level and then continue to fall to 1.0190 points, which coincides with the support line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
still figuring out the moves? PEPPERSTONE:HK50 HSI:HSI Happy Friday everyone! tradingview.sweetlogin.com The Hang Seng fell 39 points or 0.2% to end at 19,241 on Thursday after trading modestly higher in the morning, with eventual losses in financials and property. Is the news helping? News is distraction. 😂 4H chart Both MACD & KDJ are on the divergence. MACD - remained at bearish zone, line still arcing. But crossing up. Good sign. KDJ - remained in bullish green zone, indicating uptrend signal. Cross-checked with broader tf chart - D chart. It's still at oversold zone ,below 80 for KDJ and MACD below zero level. 1H chart the Index is dancing within very narrow range for today. Support : 19130 (if breaks then next 19070) Resistance :19375 (if breaks then 19450, then 19650) MACD - closing to touch zero line trying to breakthrough but with the red histogram it looks likely dipping down. KDJ - in bearish zone. It may be divergence signal that on the oversold area and could see a rebound. For day trade: Same strategy, sell at resistance (19371); buy/TP at support (19070 strong support level; then 18910). Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Set your tf, have your entry and exit plan! Sticktoyourplan follow your trading strategy. Trading to make pocket money isn't that challenging and it can be boring but you can make it fun and zen with it. Let's follow our own strategy and zen with 📙 and 🍵 to let the results realized. It can be a winning trade or losing trade, it doesn't matter. We are aiming for long horizon; as we are not gambling or speculating. Rememeber to allocate some of your gained pocket money for long term assets investment. Is end of the full trading week for 2025. Got your trade plan ready for 2025, or are you still figuring out your moves? Think of it like prepping for a wild night out—plan your entry, know your exits, and avoid getting caught in the wrong crowd (aka bad trades). Share your ideas and goals with fellow market party animals, hype each other up, and sharpen your skills with regular practice. Let’s make this trading year a VIP experience! Happy Trading Everyone!
PEPPERSTONE:HK50
by ChenQianYu
waltzing within the boxPEPPERSTONE:HK50 timing markets is virtually impossible we don't have crystal ball🔮 and hence we don't predict or speculate. let's dance with the index From yesterday post, from the indicators we keep an eye to monitor as it may rebound... so is this the rebound ?(yes maybe short-term). A full reversal? again, we don't know! But, don't think so, always cross-check with broader tf - D Chart. It's still at bearish zone; oversold zone (continue to monitor....) From the 4H chart Both MACD & KDJ turned around giving reversal signs. MACD - although still below zero level but we can see the lines are curving up. KDJ - turned into bullish green zone, indicating uptrend signal. The 1H chart - the Index moving within the box. You may use BB indicator to get the range too.The previous range red box 19000 - 19200. Support : 19200 if breaks then next 18960) Resistance :19440 (if breaks then 19647, then 19945). For day trade: Same strategy, sell at resistance; buy/TP into support. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. For swing trade : Set your tf, entry and exit plan. For slightly mid-long term trade (more than 9months - 36months++) : You may plan and DCA the Index. You may take a long position on HSI Tracker Fund 2800. HKEX:2800 The index is currently in a discount zone, check the historical price; there are ample of room to reach its ATH @33500. The law of attraction; we know that whatever bottom eventually rebound, it's the matter of time. DYODD. Plan your trade, do not listen to anyone including this post! Profitable traders/investors take contrarian moves. It's challenging but worth spending some time to think:- Ultimately what we want to achieve from our action/trading... Sticktoyourplan follow your trading strategy. Set your SL/TP. Once set, you may zen with 📙 and 🍵 wait for the results. Happy Trading Everyone!
PEPPERSTONE:HK50
by ChenQianYu
dancing cha-cha within the range ; be cautiousPEPPERSTONE:HK50 HSI:HSI Helloy bello everyone! Seems like the party ain't ending soon, is dancing cha-cha for the past few 1H candles From the 4H, it seems inching down. as the MACD & KDJ both indicating bearish mode. Cross-checked with broader tf chart - D chart. And it's at oversold zone; keep an eye as it may rebound. The 1H chart - the Index grasping at the level between 19200-19500 Support : 19200 (yesterday texted 19224; if breaks then next 18960) Resistance :19500 (if breaks then 19650). For day trade: same strategy, sell at resistance (19370-19400); buy/TP at support (19250-19270). Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. For swing trade : Set your tf, have your entry and exit plan. For slightly mid-long term trade (more than 9months - 36months++) : You may plan and DCA the Index. You may take a long position on HSI Tracker Fund 2800 HKEX:2800 The Index is currently in a discount zone as it's traded 30% above its historical all-time-lo (ATL); Ignore the news and plan for your long term capital gain game plan, be patience and zen. The law of attraction; we know that whatever bottom eventually rebounds, it's a matter of time. DYODD. Plan your trade, do not listen to anyone. You can't make the money beyond your realm of capabilities. Sticktoyourplan follow your trading strategy. Set your SL/TP. Once all is set, let's zen with 📙 and 🍵 wait for the results. Happy Trading Everyone!
PEPPERSTONE:HK50
by ChenQianYu
Choppy Market: Patience and Key Levels to WatchThis chart highlights a low-probability trading environment with corrective structures and low volatility. Key focus areas: Upside Breakout: Watch for impulsive moves above the 30M trendline and 4H LQZ for short-term bullish setups. Downside Correction: A steeper drop into the 15M or 1H LQZ may provide higher-probability long opportunities. Stay Patient: Avoid trading inside the choppy range; wait for clear reactions at liquidity zones or strong breakouts with momentum.
OANDA:XAUUSDEducation
by Adlercon333
Do you see it as a opportunity to scoop the dip? PEPPERSTONE:HK50 Hello everyone, good day! PEPPERSTONE:HK50 HKEX:2800 The 1H chart - the index had lost its strength and has plunged ~300pts from its morning open @19587. Hi : 19868 (higher than 19876 @20250105 1H Hi) Support : 19300 ( ati point of writing broke the level; next 19130, 18965) . Monitor if is able to stay at this level. Resistance :19600 (if breaks then 19700). Unlikely. www.scmp.com Do you see it as a opportunity? For day trade: Same strategy, sell at resistance (19353); buy/TP into support. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Here taking Bearish position. For swing trade : Set your tf, entry and exit plan. For slightly mid-long term trade (more than 9months - 36months++) : you may plan and DCA the Index. You may take a long position on HSI Tracker Fund 2800. HKEX:2800 The HSI is currently in a discount zone as it's traded 30% above its historical all-time-lo (ATL); there is ample of room to reach its ATH @33500. The law of attraction; we know that whatever bottom eventually rebounds, it's a matter of time. DYODD. Plan your trade, do not listen to anyone including this post! Sticktoyourplan follow your trading strategy. Set your SL/TP. Once all is set, let's zen with 📙 and 🍵 wait for the results. Happy Trading Everyone!
PEPPERSTONE:HK50
by ChenQianYu
NIFTY : Bearish Trend, but a Bounce Might Be Coming NSE:NIFTY has been trending lower, with sellers clearly in control. However, it looks like the market is taking a breather, and there’s a chance for a short-term bounce before the downtrend continues. What’s Happening? 1. Resistance Zones: - 23,770: This is the first hurdle for the price to cross. Sellers have been strong here. - 23,833 and 23,935: If 23,770 breaks, these are the next levels where selling pressure might kick in. 2. Support Levels: - 23,439: The first key level where buyers could step in. - 23,303: A stronger support zone if the decline deepens. 3. Trendline Resistance: There’s a clear downward trendline acting as a ceiling, making it hard for the price to move higher. 4. Current Setup: The price is hovering around 23,629 after a sharp drop. It feels like the market is pausing to decide its next move. A bounce toward 23,770 looks possible, but the bigger picture still leans bearish. How to Trade This: - If you’re bullish: Watch for a breakout above 23,770 with good buying momentum. If it happens, there’s room for the price to climb to 23,833 or even 23,935. - If you’re bearish: Look for the price to struggle near 23,770 or start falling again. That could be your signal to go short, with targets at 23,439 and 23,303. Bottom Line: The market still looks weak, but there’s a chance for a small bounce before sellers take control again. Keep an eye on how the price behaves around 23,770—it’ll tell us whether buyers are gaining strength or if the downtrend is here to stay. What do you think? Are you leaning bullish or bearish? Share your thoughts in the comments! Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTYLong
by thetradeforecast
1
Still in the awkward zone...PEPPERSTONE:HK50 Hello everyone! May everyone have a great week ahead, the weekend had past regardless you had a good one or challenging one, that had passed! We live in now and then. Let's see how the index doing this morning for the new start of the week and so we can plan and take action accordingly. Are they waiting for the 2025-2026 budget speech in Feb; after CNY? News are distraction. If you are using chart pattern, technical analysis to forecast the price movement; stick to it! Although sometimes news can be catalyst to price movement, as long we stick to our plan and continue to practice and adhere to our own SOP, our trades will not go too far off. From D chart What we can see is the MACD,Signal is getting weak , histogram is weak the signal line is breakthrough the zero line. We should monitor close by end of today if it crosses down the zero line. Let's not go against the trend, trend is always our friend! ☺ However, for the index it seems currently is no trend...awkward. haha The 4h Chart - the pricing had turned bearish since 31/12/24 as marked (Dead Cross). Support : 19311 Resistance :20220 The 1H chart - the index dancing within the range bound as we noticed from chart. Hi : 19868 (higher than 19876 @20250105 1H Hi) Support : 19630 (if breaks then next 19311) Resistance :19850 (if breaks then 19980 ;52EMA) For day trade: Same strategy, buy into support, sell at resistance and monitor. For swing trade : depends your time frame (tf); once the 1h hour chart MACD indicator crossing up the zero line and the KDJ turned green. May take bullish position. Sticktoyourplan follow your trading strategy. Set your SL/TP. Once all is set, let's zen with 📙 and 🍵 wait for the results. Happy Trading Everyone!
PEPPERSTONE:HK50
by ChenQianYu
Nifty50 Trendline Retest – What’s Next for Traders?The Nifty50 is at a decisive point, retesting a key breakout level. Here's my take on the key levels to watch and how traders can approach the market Nifty50 Analysis - 5th January What's Happening? Nifty 50 is at a make-or-break point. It recently broke out of a downward trendline, which is usually a good sign for bulls, but now the index is retesting that breakout. How it reacts at these levels will set the tone for the next move. Key Levels to Watch: - Resistance Zones: - 24,222 - 24,347 - 24,528 - Support Zones: - 23,990 - 23,897 - 23,790 - 23,592 Possible Scenarios: 1. The Bullish Path: If Nifty holds above 24,057 and shows strength, we could see a move to 24,222, and if the momentum is strong enough, it might even test 24,347 or 24,528. 2. The Bearish Path: If the price drops below 23,897, things could get dicey, with the index likely heading toward 23,790 and 23,592. How to Trade This? - For the Bulls: Look for sustained buying above 24,057 to go long. Targets: 24,222, 24,347. Stop loss: Below 23,897. - For the Bears: If the price slips below 23,897, you might want to short. Targets: 23,790, 23,592. Stop loss: Above 24,057. Final Thoughts: This is one of those moments where patience pays off. Let Nifty show its hand before jumping in. Watch those key levels closely, and always trade with a plan (and a stop loss!). NSE:NIFTY Let me know your thoughts on this setup! Do you think bulls will hold, or will bears take over?
NSE:NIFTY
by thetradeforecast
1