Search in ideas for "SUPPORTANDRESISTANCE"
Think inside the boxLooking at weekly, IWM spent its history up thru 2020 in big, red box. Then it spent exactly one year in the upper box. Two years in the green box. And 2024 went back in the upper box. It's now at the bottom of the upper box.
The implication being that, although it has strayed outside the boxes for a few weeks at a time, it seems to have returned, and mostly stayed inside each box for an entire year.
ONDO/USDT: Enter Now on Retest After Strong BreakoutONDO/USDT stands out with its strength amidst altcoins, having just broken and retested a key level. We're entering now, seizing the upward momentum after confirmation of the retest. The assetโs robust performance suggests a potential rally, targeting a 26.31% increase. With a risk/reward ratio of 3, this immediate entry aims to capture the continued rise following the retest, indicating buyer confidence.
GBP/CHFGBP/CHF
Entry :1.13247
SL: 1.1354
TP1: 1.1290
TP2: 1.1260
We are looking for a sell entry.
We have to wait for a resistenc around 1.1324.
If we have a brake and retest at this resistance level or a strong rejection
of the price combined with a candlestick confirmation, we can place the entry.
Are we going to go down or up?Well, for Bitcoin, in my opinion, 3 scenarios can happen
Before we go to the scenarios, we need to know where the important areas are
Our important support and resistance are shown in the image. Their failure can be a good move to happen
1_In the first scenario, we go to 71 thousand, which is less likely than the other scenarios because
"_His reaction to the 60,750 price resistance was not so strong and volume decreased, although Saturday and Sunday were not without impact.
2_The second scenario is not to move in this zone and stay in the range of 6700 to 60750.Which I know is more likely than the first scenario
3_This one refers to the drop. Our support has had 4 collisions, the last one reacted with low volume, and the more collisions, the more likely it will fail.
Always consider all scenarios so that you are not shocked and can react to the scenario that happened with your strategy.
Do not forget about capital management
Wishing all of us a profitable week
LULU Pure Speculation - will support hold?Looking back on LULU's price history, it once dropped similar to this, both price and RSI, and the dip/correction was copied using the bars pattern and applied here.
The pattern fits perfectly with the blue support line.
I am not long or short this security, I simply want to track my hypothesis.
GBPUSDElliot wave is not working that good and i decide to trade "old school" HH and HL,but with some modification from me (so let say this is my strategy),,however In long term (1d/4h) i see gbpusd SHORT but in 15m im not sure what is gonna happen with the market so im still waiting,im waiting for a break both sides.
SPX SPY is sitting on a potential support zoneThis has been a very contained back and forth 20 plus days long range. This range also has had a decreasing daily range also until late this week. I will be watching for a break of this general area, This to me is the turning point to a larger retrace or a move back up traveling the entire range to the ATH area. Step back and ask, this coming week who is winning longs or shorts.
Watch for updates as the week opens, last week no directional trades just day scalps.
๐ Discover the Gold Treasures: Today's GOLD Analysis for Wins!I hope your weekend was absolutely stellar! Now, let's rev up for some exhilarating market maneuvers and set our sights on those colossal profits! ๐ฐ๐โจ
๐ Today, let's plunge into the mesmerizing realm of GOLD! ๐โจ XAUUSD is seizing the spotlight. ๐๐ฅ
As you're well aware, gold is reaching unprecedented peaks, breaking records left and right! ๐๐
๐ฎ What lies ahead, you wonder? Well, in asian session gold was in range from 2379 to 2386 in pre london gold it break below the range and we can anticipate that gold will continue push down towards its support which is at 2366 and btw its my takeprofit area ๐๐ ๐โจ
๐ and if it comes back in the range and break and close above the range which is 2386 then there will be potential buys with the target of 2394 ๐๐
I trust you find this analysis both enlightening and actionable! ๐ Boost the vibes by lending your support, and, above all, trade smart and safe. ๐ค๐กโ
โ๏ธ Peace Out, and may the trading journey unfold with bountiful prosperity! ๐๐๐ฐ
GBPUSD 4HHello traders welcome back as i usually share where is in the opportunity of trade entry.
Now GBPUSD it appears that sellers loose the control of the market while buyers are ready to over control market, so as retail traders we look an opportunity. And i will recommend yo not to miss this beautiful green pips ahead us.
Stay and follow with me.
๐ Discover the Gold Treasures: Today's GOLD Analysis for Wins!๐ Greetings, phenomenal traders! ๐
I hope your weekend was absolutely stellar! Now, let's rev up for some exhilarating market maneuvers and set our sights on those colossal profits! ๐ฐ๐โจ
๐ Today, let's plunge into the mesmerizing realm of GOLD! ๐โจ XAUUSD is seizing the spotlight. ๐๐ฅ
As you're well aware, gold is reaching unprecedented peaks, breaking records left and right! ๐๐
๐ฎ What lies ahead, you wonder? Well, right now we are waiting for gold to form a support at 2367 on m30 so we can anticipate a bullish move up with the targets of 2381 and 2392 ๐๐ ๐โจ
๐ and if it breaks and close below 2367 then there will be potential sells with the target of 2352 ๐๐
I trust you find this analysis both enlightening and actionable! ๐ Boost the vibes by lending your support, and, above all, trade smart and safe. ๐ค๐กโ
โ๏ธ Peace Out, and may the trading journey unfold with bountiful prosperity! ๐๐๐ฐ