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Support and Resistance

Risk-Managed Option Selling Strategy: Nifty50 23900 CallMarket Outlook: I hold a highly bearish view on the Nifty50 23900 Call Option with an expiry date of 26th December 2024. This outlook is based on a detailed analysis of market trends and proprietary indicators. Entry and Stop-Loss Levels: Entry Level: Ready to sell the 23900 Call option at or above ₹142.40. Stop-Loss: Maintain a strict stop-loss at ₹202.10 to manage risk effectively. Additional Criteria: This strategy involves a specific criterion that is integral to trade execution but will not be disclosed openly. Risk Management: This strategy is designed with a focus on controlling potential losses through predefined stop-loss levels. Option selling involves substantial risk, including the possibility of unlimited losses. Therefore, ensure appropriate margin and capital allocation based on individual risk tolerance. Disclaimer: This strategy is shared for informational purposes only and does not constitute financial advice. Options trading involves high risk and may not be suitable for all investors. Always conduct your own research or consult a certified financial advisor before executing trades. Past performance is not indicative of future results.
NSE:NIFTYShort
by IndexAce
GBP/NZD 4H Timeframe AnalysisGBP/NZD 4H Timeframe Analysis Trend Analysis: On the 4-hour timeframe, the GBP/NZD pair remains in an uptrend, forming a series of higher highs and higher lows. Price recently bounced from a major support level, allowing buyers to regain momentum and push the price higher. The pair broke through a minor key resistance zone at 2.19900–2.21600, continuing its bullish move toward the next minor resistance at 2.24200. However, a doji candlestick formed below this level, signaling indecision, and was followed by a bearish candle, prompting a reversal back to the minor support zone. Price is now consolidating and accumulating buyer orders above this minor key support. We anticipate a continuation of the bullish trend but remain cautious of a potential break below this level, which could trigger stop-loss liquidations before a renewed upward move. Price Action Expectation: Our objective is to wait for additional liquidity to build within the liquidity zone. Once confirmed, we will watch for a bullish breakout above the trendline. Entry Plan: Place a buy stop order at 2.22050 to confirm entry upon a bullish breakout. Stop Loss: Set at 2.21170, below the liquidity grab area for effective risk management. Take Profit: Target the recent resistance at 2.24200, providing a 1:2 risk-to-reward ratio. Key Levels to Monitor: Support Zone: 2.19900–2.21600 Resistance Zone: 2.24200 Additional Considerations: Watch for price accumulation and liquidity grabs within the support zone. Monitor candlestick patterns and price behavior near the trendline for breakout confirmation. Conclusion: GBP/NZD shows bullish potential as price consolidates above the minor support zone. A breakout above 2.22050 would confirm the continuation of the uptrend, targeting 2.24200 for a compelling 1:2 risk-to-reward ratio. However, stay vigilant for a potential break below the support zone to account for possible stop-loss liquidations before a renewed upward move.
Long
by RebornFXTrader
AUDUSD InsightHello, subscribers! It’s great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points: - The U.S. 10-year Treasury yield rose to 4.6290%, exceeding the 4.60% level for the first time since May 30. - Japan's Finance Minister Shunichi Katsunobu stated, "The yen is currently showing unilateral and rapid movements, and we are deeply concerned about the recent exchange rate trends." - Reports indicate that the Chinese government will issue a record-high 3 trillion yuan in special bonds next year, expected to be used for subsidy programs to boost consumption, upgrade corporate equipment, and support investment in high-tech industries. Major Economic Events: + December 26: Boxing Day AUD/USD Chart Analysis: After breaking below the 0.64000 level, AUD/USD formed a bottom near the 0.62000 level and is now showing signs of a rebound. This upward movement is expected to reach the 0.64000 level in the short term. However, the overall trend is anticipated to shift downward again, potentially breaking below the 0.62000 level and extending losses to the 0.60000 level. Conversely, if the pair breaks back above the 0.64000 level, it could rise further to the 0.66000 level. If unexpected movements occur, I will promptly adjust the strategy.
Long
by shawntime_academy
$BABA Potential Bullish Reversal, (Daily TF)12/25/2024 Alright, I know there's a lot here so let me know if you have any questions and I'll do my best to answer. This is for educational purpose only. 1. Price dropped 18% ($101 -> $82.64) in 15 days. 2. Triple resistance on Tue, Nov 19 & Fri, Nov 29 & Tue, Dec 17 @ ~$87. Resistance zone between $86.70 - $87.75. 3. Bearish Fibonacci (Dec 9 - Dec 20). Anticipate sideways movement around 0.382 ($86.44), 0.5 ($87.91) and 0.618 ($89.38). 4. The light-brown boxes and light-brown line highlight the potential movement of price. -------------------------------- $85.52: Current price $85.00: Next bearish price target Bullish Resistance Points: $86.44 - 0.382 Bearish Fibonacci (potential daily sideways movement) $87.00 - Resistance zone $87.60 - Previous Weekly High $87.91 - 0.5 Bearish Fibonacci (potential daily sideways movement) $89.38 - 0.618 Bearish Fibonacci (potential sideways movement or reversal) $91.44 - 0.786 Bearish Fibonacci (potential reversal) $90.56 - $91.83: Bullish Gap to be filled ------------------------------- Currently in a play: NYSE:BABA 21 MAR 25 110c @ $1.24 Currently up 5% (@ $1.31). Profit Target: $2.24 (contract price) Stop Loss: n/a (manually monitoring for now)
NYSE:BABALong
by Brandonthrives
APEUSDT BullishCurrently, price is testing support, and we're at a pivotal point to see if a recovery unfolds or if we break through the support. -Support Test: Price is at the lows, and we're looking to see if this level holds or if we get a break below. -Potential Recovery: A bounce off this support could signal a bullish recovery, but it needs to show clear signs of strength. -Role Reversal: If we do see a break of support, look for a role reversal. Former support could turn into resistance, providing a key point to confirm further bearish momentum. -For confirmation of bullish momentum, watch for a reversal at support, ideally with a strong bullish candle pattern or volume increase. -Support Zone: Watch closely for a rebound or breakdown.
Long
by BeastofKong
Meta - The Final Resistance Breakout!Meta ( NASDAQ:META ) could actually break the resistance trendline: Click chart above to see the detailed analysis👆🏻 As we are speaking, Meta is actually retesting the major (and only) resistance trendline of the reverse triangle pattern. If we actually see the bullish breakout - which obviously has to then be confirmed - this triangle breakout could lead to an immediate rally of more than +40%. Levels to watch: $650, $1.000 Keep your long term vision, Philip (BasicTrading)
NASDAQ:METALong
by basictradingtv
18
Bullish on ZCash!!This is one of my current trades. KRAKEN:ZECUSD has been holding up really well and bouncing strong off of current BTC down movements. Have two take profit zones, one at previous high around $67.11, and at a long term horizontal line at around $74.95. Around this area I expect some resistance and consolidation. If it can break past this level, next target is around the $115 area. I Need to work a little on entry as I was at a loss for a little during the drop this week, but have a decent entry with a lot of upside potential.
KRAKEN:ZECUSDLong
by Mr_Maravish
Alikze »» DYDX | Ready to break the congestion🔍 Technical analysis: Ready to break the congestion - 1W 📣 BINANCE:DYDXUSDT is in a consolidation on the weekly timeframe. 🟢 In the previous uptrend, it moved to the neckline, after which it faced selling pressure. 🟢 At present, the recent correction could be a pullback to the swing, and in the green box area, it could meet demand, break out of the consolidation and continue its growth to the next supply area. 🟢 In the event of any pullback to the next supply area, the bullish rally could continue to the next supply area. 💎 In addition, any correction should not be sharp and abrupt, and if the correction appears as a multi-wave zigzag, it can continue its growth to the next supply area. »»»«««»»»«««»»»««« 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 alikze