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Support and Resistance

EURJPY about to enter into a DowntrendRecently EURJPY reached high points in the chart at 173.016 From there it fell and continued downwards. I took a quick demo trade with an inverse risk to reward. Not the ideal thing to do, but I didn't want to keep my TP higher than 173.016 since we know it's a strong resistance level. Got a quick win there. Now, on the 4H, we can see that one huge red candle look out the previous five green candles. It indicates that selling pressure is incoming. This would be a good time to sell now. But I do want to see price go below 171.540 just to get that extra confirmation. Just in case, price decides to consolidate or go high for a while. Have to stay vigilant with this market now. TP1 will be 171.100. TP2 will be 170.000 TP3 will be 168.800 Lets see how this trade plays out.
Short
by Nikladon
xauusd：3450-3500？Combined with the trend of the US dollar index, the probability of continuing to fall in the short term is high. Today, the manufacturing industry is significantly bullish for gold prices, which is expected. Powell's speech in an hour will be the key factor in today's New York market. The pressure of interest rate cuts is imminent. Will Powell continue to insist on not cutting despite all objections? This is what we need to pay attention to. Make two plans. First, continue not to cut interest rates, the US dollar will be supported, and gold will retreat. If there is a retracement of 3400-3410 points, it needs to be paid attention to. Second, it is not discussed. Or interest rate cuts are beneficial to gold prices. This is the driving force for gold prices to hit 3500-3450. To be honest, the conclusion of the Band Trading Center Research Institute tends to the latter. So if you buy, you need to set TP/SL strictly.
OANDA:XAUUSDLong
by WIN_Ludvig
DXY Sell breakdown from bullish trend selling pressure 📊DXY – US Dollar Index Analysis – 4H Timeframe The US Dollar Index has broken its bullish trend with a strong bearish candle, signaling a possible shift in momentum to the downside 📍 Sell Position Active: Entry taken at 98.000 following the trendline break and bearish confirmation candle 🎯 Technical Targets / Demand Zones: 🔹 97.300 – near-term demand zone 🔹 96.500 – key support area to watch for potential reaction 🧠Momentum favors bears after structure break — monitoring price action as we approach target zones What’s your outlook for DXY? Drop your analysis 👍 Like | 🔔 Follow | 💭 Comment for more updates #usdollar #dxy
TVC:DXYShort
by experttrader04
2
USDJPY Ascending channel bullish strong from support 📊USDJPY Analysis – 4H Timeframe USDJPY is giving full respect to the bullish ascending channel, maintaining higher highs and higher lows with clean structure 📍 Key Support Zone: Strong buying interest seen near 147.200 — potential long opportunity from this zone Watching for bullish confirmation or entry setups at this level 🎯 Next Target / Supply Zone: 🔹149.000 – marked as the next resistance / supply zone where price may react or slow down Bullish Order Block (OB) sits deeper at 143.000 – a strong area of interest if price pulls back further 🧠Stay patient and let price action lead — clean structure, smart levels, and risk-managed entries What’s your take on USDJPY right now? Drop your thoughts #usdjpy
Long
by experttrader04
9
EURUSD major resistance breakout bullish strong Readmore...📊EURUSD Analysis – 1H Timeframe EURUSD has broken out of the descending channel with strength, shifting structure and showing clear bullish intent 📌 Breakout Confirmed: ✅ Major resistance at 1.16900 broken with strong momentum — now acting as support Buy position activated from the 1.16900 breakout level 🎯 Next Resistance Targets / Supply Zones: 🔹 1.17200 🔹 1.17500 🔹 1.17600 Watching for reaction at these levels — trend continuation likely as long as structure holds 🧠Always follow your trading plan and risk rules — markets don’t promise, they move! What’s your take on EURUSD’s breakout? Drop your thoughts below #eurusd 👋Regards from expert Team
Long
by experttrader04
1
BITCOIN strong down trend selling strong from resistance 119,700📊BTCUSD Bitcoin Analysis – 1H Timeframe Bitcoin is respecting the short-term downtrend, continuing to print lower highs and lower lows 📌Sell Setup Active: ✅Entry from the supply zone around 119,700 — price reacted perfectly with downside momentum 🎯Next Support Levels to Watch: 🔹 117,200 🔹115,900 These areas may act as short-term bounce zones or continuation areas — staying alert for reaction 🧠Risk management is key – no setup is ever 100% guaranteed! Stick to your plan What’s your outlook on BTC in this range? Let’s discuss! Stay sharp & informed — follow for more clean TA setups #bitcoin #btcusd 👋Regards from expert Team
BITSTAMP:BTCUSDShort
by experttrader04
1
XAUUSD major resistance breakout below 3375 level Readmore...📊XAUUSD Gold Analysis – 4H Timeframe Gold is respecting the bullish ascending channel on the 4H, with strong momentum continuing after a breakout above 3375 – a major resistance now turned into key support. Retracement Entry Activated: ✅Entry taken at the 3375 breakout level – now acting as strong demand 🛑Stop Loss: Placed below at 3323, aligned with the bullish order block (OB) for added protection 🎯Next Resistance Targets / Supply Zones: 🔹 3392 🔹 3404 🔹 3440 [ /b] 📌Watching price reaction at each level for signs of exhaustion or continuation 🧠Always manage risk and follow your plan – no guarantees in the market! Share your thoughts below! #gold #xauusd 👋Regards from _expert Team_
OANDA:XAUUSDLong
by experttrader04
1
A potential chance to get long position of Korean equity marketsKorean economy and stock market emotion are well boosted by their regulation reform and new president elect. Many global traders miss the previous uptrend and the price is about to test the current resistance again. Imma use a buy stop order @73.67 to try to get in the train to diverse my long position on equity market. If you only do swing trades, there's a long swing trade plan on my chart. I may use the latest to take half of profit once the price hit the first or second resistance @77.43 above the current trading area to control the position size that can fit for long term trade.
AMEX:EWYLong
by jtwongresearch
AUDUSD InsightWelcome to all our subscribers! Please share your personal opinions in the comments. Don't forget to like and subscribe! Key Points - Former U.S. Treasury Secretary Scott Bessent stated regarding Fed Chair Powell, “There is nothing that would make me say he should step down immediately,” — a remark that stands in contrast to previous comments made by former President Trump and his close aides. - On U.S.-China trade negotiations, Secretary Bessent mentioned, “We will meet with Chinese officials in Stockholm on Monday and Tuesday to discuss extending the trade truce deadline.” - Goldman Sachs has projected the U.S. growth rate this year at 1.1%. In a report, Jan Hatzius, Chief Economist at Goldman Sachs, estimated the probability of a U.S. recession at 30%, which is double the normal level. Major Economic Events This Week + July 24: ECB Interest Rate Decision AUDUSD Chart Analysis The pair continues a gentle upward trend within its channel. As previously anticipated, a long-term rise toward the 0.69000 level is expected. However, resistance is still observed around the 0.66000 level. A breakout above this zone could lead to a swift rise toward 0.67000. Still, there is minor resistance near 0.67000, which may temporarily limit upward momentum. A slight pullback may occur before another upward move resumes.
Long
by shawntime_academy
LENNAR Stock Chart Fibonacci Analysis 072225Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 114/61.80% Chart time frame:B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress:A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:LEN
by fibonacci6180
XAU/USD outlook: Bullish momentum building after breakoutGold saw a powerful rally yesterday, surging from $3,350 to nearly $3,400 — an impressive $50 move, equivalent to 500 pips. From a macroeconomic perspective, this recent uptrend in gold is driven by a combination of supportive factors. First, the U.S. dollar has shown clear signs of weakness following dovish signals from several Federal Reserve officials, who hinted at potential rate cuts if the U.S. economy begins to slow. In addition, geopolitical risks such as renewed U.S.–China trade tensions, instability in the Middle East, and slowing growth in China are all pushing investors toward safe-haven assets like gold. Another key driver is the ongoing accumulation of gold by central banks worldwide — particularly China and Turkey — highlighting gold’s growing appeal as a strategic reserve asset. Together, these factors have built a strong foundation for gold’s upward momentum, explaining why prices remain above yesterday’s opening level, despite the current short-term pullback. From a technical and short-term outlook, gold (XAU/USD) continues to show a bullish setup supported by both price structure and market sentiment. On the H2 timeframe, gold remains in a clear uptrend, with a series of higher highs and higher lows. After breaking through a strong resistance zone around $3,374 (aligned with the 0.5 Fibonacci level), price surged to a peak of $3,403 before entering a healthy retracement phase. Currently, the $3,367–$3,374 zone is acting as newly-formed support — a key confluence area that aligns with: A former resistance now flipped into support, The 0.5–0.618 Fibonacci retracement cluster, And a bullishly aligned short-term EMA structure. In the short term, as long as this support zone holds, the bullish outlook remains valid. A successful retest of this area could reignite buying pressure, with the next target set around $3,423 — in line with the projected extension of the previous bullish leg. However, if buyers fail to defend this zone, the bullish setup could be invalidated or lose momentum. This area warrants close monitoring of price action and volume behavior to confirm the next directional move.
OANDA:XAUUSDLong
by Brian_Nguyenn
Gold Update – Strong Breaks, Strong BullsYesterday, after the break of the key 3370 resistance, Gold corrected slightly toward 3383, then consolidated briefly in that area. From there, it launched into a strong new leg up, closing the day once more near the highs, around 3430. 📌 What’s important here is that the price did not even come back to retest the broken resistance — now turned support. Combined with the strong daily close near the high of the range, this gives us a clear message: ➡️ Bulls are in full control. ________________________________________ 🔍 This Week – Three Key Breaks So far this week, Gold has delivered three major breakouts: • ✅ A clean breakout from the box consolidation that kept price stuck and indecisive last week • ✅ A decisive break above the 3400 psychological figure • ✅ A breakout above the symmetrical triangle resistance, which had been forming since late April Each of these is significant on its own. Together, they suggest a shift toward a more aggressive bullish scenario. ________________________________________ 🔮 What’s Next? All these breakouts point to the potential for more gains ahead. In fact, the next logical step could be an attempt to mark a new All-Time High. My view remains the same: Buying dips remains the strategy of choice, with a focus on the 3400 zone as a key support area, and a swing target around 3500. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDLong
by Mihai_Iacob
15
Japan 225: Breakout Watch as Tariff Cut Fuels RallyThe Japan 225 contract is ripping higher today on a trade deal being reached between the U.S. and Japan, including the apparent lowering of auto tariffs to 15%. The price has already bounced strongly from uptrend support established in May, putting a potential retest of the June 30 high of 40854 on the cards. With momentum indicators perking up—pointing to building bullish momentum—the case for a topside break is improving. If the price can break and hold above the June 30 high, watch for a potential run towards 41000—a level that saw plenty of action back in 2024. It looms as a decent level to build setups around. If the price breaks and holds above 41000, consider establishing longs with a tight stop beneath the level for protection. 41600 and 42480 screen as potential targets, depending on desired risk-reward. While the setup could be flipped if the price stalls beneath 41000, just how much downside would be forthcoming given the current mood is questionable. Good luck! DS
FOREXCOM:JP225Long
by FOREXcom
Silver Wave Analysis – 22 July 2025 - Silver broke resistance level 39.00 - Likely to rise to resistance level 40.00 Silver recently broke the resistance level 39.00, which stopped the previous impulse wave i earlier this month, as can be seen from the daily Silver chart below. The breakout of the resistance level 39.00 should accelerate the active impulse waves 5 and (C). Given the clear daily uptrend, Silver can be expected to rise to the next resistance level 40.00, target price for the completion of the active impulse wave iii.
FX_IDC:XAGUSDLong
by FxProGlobal