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Supportandresitance

EURCAD - Potential Sell From Resistance ZoneEURCAD is testing a major resistance zone that has previously led to significant bearish reversals. The recent bullish momentum into this area increases the likelihood of seller interest. If bearish confirmation emerges, such as rejection wicks, bearish engulfing candles, or increased selling volume, I anticipate a move toward 1.48608. However, a breakout above this resistance could signal further bullish continuation. Traders should remain cautious and wait for clear signals of rejection before taking positions. Agree with this analysis? Let’s discuss further in the comments section!
Short
by TrendDiva
1
GBPZAR - Potential Long to enterOANDA:GBPZAR is approaching a robust support zone, marked by historical bullish reversals and strong buyer interest. The recent bearish pressure has brought the price into this critical area, creating a potential buying opportunity. I anticipate a move toward 23.1840. However, a breach of this support could invalidate the bullish outlook and lead to further declines. Make sure to carefully assess price action at this level and ensure proper risk management before taking positions. Agree with this analysis? Let’s discuss further in the comments section!
Long
by TrendDiva
1
EURCZK: Potential Sell Setup at ResistanceOANDA:EURCZK is at a key resistance zone that aligns with prior price rejections and key supply levels. This area has historically 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 25.17333. 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.
Short
by DanieIM
1
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
AUDCHF at Key Resistance: Bearish Bounce ExpectedOANDA:AUDCHF reached a significant resistance zone marked by previous price rejections and strong seller activity. The current market structure suggests the potential for a bearish bounce at this level if sellers regain control. I anticipate that if the price confirms a rejection from this resistance zone, the market may move downward toward the 0.56595 support level. If you have any additional insights or agree with this analysis, feel free to share your thoughts in the comments!"
Short
by DanieIM
GBPCHF at Key Support – Bullish Bounce ExpectedGBPCHF is approaching a key demand zone, marked by historical price reactions and strong buying pressure in the past. This area has consistently acted as a turning point, where buyers regained control, driving prices higher. There is a high probability of a bullish reversal if price action confirms buying pressure (e.g., bullish engulfing candles or long lower wicks signaling rejection). I anticipate a bullish move toward the 1.11691 level, which represents a logical target within the current market structure.
Long
by DanieIM
1
SOLUSDT - Potential Buy Key Support LevelThe SOLUSDT pair is currently trading near a key demand zone, which has been a strong support area in the past. This level aligns with prior price reactions, suggesting a potential area where buyers may step in to drive the price higher. The current market structure shows consolidation around this demand zone, hinting at a possible reversal if the price confirms support. A bullish bounce from this zone could lead to a move toward the $207.87 level, which aligns with a key resistance area and a potential target for this setup. Traders should look for confirmation of a reversal, such as bullish candlestick patterns (e.g., engulfing candles or pin bars) or a break of short-term resistance to confirm the upward move. Let me know your thoughts or if you see this differently! Feel free to share your insights in the comments.
Long
by DanieIM
DJI - Testing Key Demand Zone – Potential Buy OpportunityThe DJI is currently trading near a key demand zone. This area aligns with previous price reactions, suggesting that buyers may step in to defend this level. The market structure indicates a potential for a bullish reversal if the demand zone holds and price action confirms support. A successful bounce from this level could lead to a move toward the 42,812.75 level, which represents a logical target for this setup. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, long lower wicks, or a breakout above short-term resistance. This setup aligns with the idea of a trend continuation from support and offers a potential opportunity for a long position. What are your thoughts on this analysis? Let me know if you agree with this setup or have alternative insights to share! Feel free to comment below!
TVC:DJILong
by DanieIM
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
EURJPY – Potential Buy Opportunity at Support LevelThe EURJPY pair is trading near a key demand zone which has acted as strong support during previous price actions. This area has historically attracted buyers, making it a significant zone for potential bullish reversals. The recent bearish momentum has brought the price into this demand zone. If bullish confirmation appears, such as candlestick reversal patterns (e.g., bullish engulfing or long lower wicks), the price could see a recovery. A potential target for this bounce would be the 161.654 level, which represents a logical target for this setup. Do you see this playing out, or would you approach it differently? Share your thoughts and analysis in the comments below!
Long
by DanieIM
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
CADCHF - Potential Sell From Key Resistance ZoneThe CADCHF pair is approaching a significant supply zone, marked by historical price rejections and strong resistance levels. The current market structure suggests the potential for a reversal at this level if sellers regain control. I anticipate that if the price confirms a rejection from this supply zone, the market may move downward toward the 0.63128 level. This setup aligns with the idea of trend exhaustion near resistance. If you have any additional insights or agree with this analysis, feel free to share your thoughts!
Short
by DanieIM
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
USDCHF: Potential Rejection from Resistance ZoneUSDCHF is currently trading near a significant resistance zone, as highlighted in the chart. This area coincides with a prior supply zone that has historically acted as a reversal point. The structure suggests that sellers may step in, pushing the price lower. If the pair confirms rejection from the resistance, we could see price drop towards 0.89420. If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM
USDSGD: Pullback Expected from Resistance ZoneThe USDSGD pair is approaching a strong resistance zone around 1.37500, which aligns with a previous supply area where price has faced significant rejection in the past. This level marks a potential turning point, with price showing signs of exhaustion as it tests this key zone. We could see sellers take control if the pair rejects this resistance. A downward move could see the price targeting the area around 1.35152. If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM