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GOLD - Price can little correct and then continue to move upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined to support line of triangle from support level, which coincided with support area. Then Gold made strong upward impulse to resistance level, which coincided with resistance area, breaking $1980 level. But price turned around and soon fall to $1980 level, after which XAU repeated movement up to resistance area. Gold made fake breakout and in a short time declined to support line, and also tried to grow again, but failed. A not long time ago, Gold bounced from this line and started to grow, so I think that price can first make correction to $2030 points. After correction, price will turn around and continue to move up to $2075 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
BNBUSDT - Price can bounce from support line and start growHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Some time ago price bounced from resistance level, which coincided with resistance area, and in a short time it fell to $290 level. Then BNB some time traded between $318 and $290 levels, after which price fell to support line and started to grow. Price rose to resistance area, but soon it turned around and made downward impulse to support area, breaking $318 level. After this, price entered to triangle, where BNB bounced from support line and in a short time rose to resistance line. Recently, price bounced down from this line to support line, where it continues to trades near. Binance Coin can correct to support line, after which it bounce up to $315, thereby exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
HelenP. I Ethereum can make little correction and continue growHi folks today I'm prepared for you Ethereum analytics. If we look at the chart, we can see how the price a not long time ago declined to the support zone, which coincided with the support level, but at once rebounded and started to move up. In a short time ETH rose to a resistance level, which coincided with the resistance zone, and when it reached this level, the price made little correlation and soon backed up to this level. After this movement, Ethereum fell to the support zone, but later price turned around and made a strong impulse up to the trend line, thereby breaking the 2430 level. Later price made a correction from the trend line to the resistance zone, after which the price rose back to this line. But soon, ETH rebounded from this line again and made impulse down to the 2165 support level, breaking the resistance level. A not long time ETH bounced from this level and rose to the trend line, and soon broke it. Now it trades near this line and I expect that the price will decline than trend line, after which ETH turn around and continue to grow. For this case, I set my target at the 2375 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
Gold can make little movement up and then continue to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a few days ago rebounded from the 1990 level, which coincided with the buyer zone and made an upward impulse to the resistance level, even rising higher. But soon, the price turned around and in a short time declined to the buyer zone, breaking the 2080 level one more time. Then price turned around in the buyer zone and started to rise near the support line. Some time later it rose to the seller zone, where it rebounded and started to decline inside the downward channel. In this channel, Gold broke one more time resistance level and support line, after which fell to the support line of the channel. Next, the price bounced and rose to the resistance line, but at once bounced and fell back to the support line. A not long time ago XAU bounced from this line one more time and started to move up inside the downward channel. So, in my mind, Gold can try to reach the resistance line of the channel, and then start to decline to the support level, or it rise a little rise and then fall to the support level. Therefore I set my target at the 1990 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
EURGBP - Price can bounce from support area and continue fallHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some days ago price entered to flat, where in a short time it fell to support level, which coincided with support area. After this, GBP made strong upward impulse to resistance area, thereby exiting from flat and later it turned around. Price started to decline in falling channel, where it first broke $0.8700 level and fell to support line of channel. Then price bounce continued to decline and soon reached $0.8555 support level, which recently it broke. Next, GBP fell lower but soon backed up, and at the moment British Pound trades in support area. Possibly, price can bounce from this area and continue to decline to $0.8450 support line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
Euro can exit from wedge, make retest and continue to riseHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago rebounded from the resistance level, which coincided with the seller zone and declined until to 1.0725 points, thereby breaking the support level. But soon, the price turned around and made a strong upward impulse to the seller zone, breaking the 1.0820 support level one more time. After this, the Euro started to trades in a downward wedge, where later it made a correction from the seller zone to the support line. Then price bounced from this line and made an upward impulse to the resistance line of the wedge, breaking the 1.0980 resistance level, but in a short time, EUR bounced from this line and started to decline. Euro fell lower than the 1.0980 resistance level, breaking it again, and then some time traded near this level, after which the price declined lower. Price fell to the support line of the wedge, which coincided with the support level with the buyer zone, and then rebounded up to the resistance line. Now Euro trades near this line and in my mind, the Euro can decline a little more and then bounce up to the resistance line. Next, EUR will break this line, exiting from the wedge, make retest, and then it can continue to move up. So, that's why I set take profit at the 1.0930 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
GOLD - Price can make upward impulse from support line to $2035Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price bounced from resistance level, which coincided with resistance area, and fell to $2020 support level. Also, XAU started to trades in flat, where it even made fake breakout of $2020 level, and then made upward impulse. After upward impulse, Gold exited from flat and started to trades in wedge, in which price bounced down from resistance line. Price declined to support line, but then it at once bounced and rose to resistance line, breaking support level. But a not long time ago Gold declined below this level again and now it trades near it inside support area. Possibly, XAU can bounce from support line and make upward impulse to $2035, thereby exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
HelenP. I Bitcoin will little rise and then declined to $40800Hi folks today I'm prepared for you Bitcoin analytics. Some time ago price traded near the resistance level inside the resistance zone, but later it made an impulse down to 41700 points, after which BTC backed up to the resistance zone and continued to trades inside. But a few moments later BTC rebounded from the resistance zone and made impulse down to the 40300 support level, which coincided with support zone, thereby breaking the 42500 resistance level. Then the price at once rebounded from the support level and tried to rise, but soon BTC turned around and declined lower than the 40300 support level, breaking it too. Price fell to the trend line and at once rebounded from this line and started to rise inside the upward channel, where it later broke the support level one more time and rose higher. Recently BTC reached the resistance line of the channel, but then bounced down and is now traded near, so I expect that Bitcoin will rise a little more and then start to fall to the trend line, which coincided with the support line of the upward channel. That's why I set my target at the 40800 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
HelenP. I British Pound will continue grow to resistance levelHi folks today I'm prepared for you British Pound analytics. A few moments ago price rebounded from the support level, which coincided with the support zone and rose to 1.2735 points, but then it turned around and made impulse down to 1.2500 points, thereby breaking the 1.2600 level. After this, the price in short time rose back to this level and also broke it, after which GBP made an impulse up to the resistance level, which coincided with the resistance zone. Then price bounced from this level and started to trades inside consolidation, where the price declined to the support level, after which turned around and made impulse up to the resistance zone, and even higher. But soon GBP fell back, making a fake breakout, and later rose again to a resistance level. After this movement, GBP rebounded down from the 1.2775 level to the support level and soon bounced back, but a not long time ago British Pound rebounded from the resistance level again and it trades below. For my mind, GBP will make a small movement down one more time and then continue to grow to the 1.2775 resistance level, which coincides with the top part of the consolidation. For this case, I set my target at this level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
Following the trend with support and resistance• It is always important to understand who is in control at the moment, buyers or sellers, and be aware that the trend can change very quick so its key to adapt and don’t have a bias. After you know what the trend is, then you can mark a high probability support or resistance level in different time frames. • In an up trending currency, a support will always have a higher probability of holding and the resistance will not be too reliable, the opposite happens in a down trending currency. Also notice that when a resistance level in a uptrending move works, the pullback has low probability of creating new lows (lower lows) meaning it is not a strong move down, it could just be testing lower prices for liquidity and to continue the move up. • It is common to see that a resistance once broken tends to be support and a support once broken tends to be resistance. This is a good spot to have a continuation of the trend (see example below). • Support and resistance levels in high time frames like 6hr, daily and weekly that are strong pivot points can be known as key levels. These levels act as historical levels which means that have been relevant since months even years ago. These levels can change the trend. • Price action around support and resistance levels can be similar to the price action at supply/demand zones (read "How to identify high quality Supply and Demand zones" link below), where price reaches the level with strength and then rejects, volume increases with no follow through and the candle closes with a wick but never below/above the support/resistance level. • Also it is common to observe that price gets near a support/resistance area and breaks below/above, grabs liquidity and then comes back above/below the area. In this cases, enter the trade after it regains the level.
Education
by FTWTraders
EURO - Price can correct to support level and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price traded between $1.0950 resistance level, which coincided with resistance area. After this, Euro little rise, after which it started to decline in falling channel, where soon price broke $1.0950 level. Then price declined to support level, which coincided with support area, and started to trades near this level in channel. Later Euro even declined below $1.0850 level to support line of channel, but soon turned around and rose to resistance line. Price fell below $1.0850 again, but recently it rose back, and at the moment EUR trades near this level. In my mind, Euro can make correction to this level and then bounce up to $1.0910 resistance line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
RIPPLE - Price can break support level in falling channelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to falt, where it first made fake breakout of $0.6000 level and then backed up. In flat price later rose to top part and then turned around and made strong downward impulse to $0.5000 level. Thereby XRP broke $0.6000 level and exited from flat, after which the price bounced up from the support level and try back up. Price failed and some time traded near $0.6000 level, and later XRP made fake breakout of this level and entered to falling channel. In channel Ripple declined back to support level and a not long time ago price bounced up to resistance line. Now, I think Ripple can bounce from this line to $0.4685, thereby breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
Swiss Franc can rebound up from support line to resistance levelHello traders, I want share with you my opinion about Swiss Franc. By observing the chart, we can see that the price started to trades in a downward pennant, where it first rebounded from the resistance line and made a strong downward impulse to the support line, thereby breaking 0.8720 and 0.8490 levels. But after this, CHF at once rebounded from the support line of the pennant, and made a short impulse up to 0.8490 support level, which coincided with the buyer zone, and soon broke this level. After the price some time traded near this level, it bounced and started to rise to the resistance level, which coincided with the seller zone and the resistance line of the pennant. When Swiss Franc reached this area, the price at once turned around and in a short time declined to support line of pennant. But a not long time ago, the price bounced and started to rise. So, I think that the Swiss Franc can fall to the support line, making a little correction, and then rebound up to the resistance level, thereby exiting from the pennant, pattern. For this case, I set my target at the 0.8720 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
NZDCAD - Keep It Simple 👌Hello TradingView Family / Fellow Traders, On Daily: Left Chart NZDCAD broke below a previous major low so it is now acting as a local resistance zone, thus we will be looking for trend-following sell setups on lower timeframes. On H1: Right Chart 📈 For the bears to take over, we need a momentum candle close below the last major low in gray. 📉 Meanwhile, until the bears take over, NZDCAD can still trade higher for an over-extended correction movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
🥇 GOLD - Resistance test before falling Gold can't overcome the resistance as the market has no potential at the moment against the backdrop of a strong dollar. Perhaps the whales are waiting or the market maker is aiming to take the price even lower before further growth, but the gold is currently showing signals for further decline rather than growth. Reasons for further declines: 1) Consolidation near support. 2) Price continues to update local lows 3) Bearish trend 4) Dollar is strengthening 5) Retest of resistance may send price to support 6) Another retest of 2016.82 support will break it and price may continue the bearish trend
OANDA:XAUUSDShort
by AndeWave
5
HelenP. I Euro will small correct, after which continue to growHi folks today I'm prepared for you Euro analytics. A not long time ago price reached the 1.0825 support level, which coincided with the support zone and soon broke it. After this movement, the Euro made a strong impulse up to the 1.1000 resistance level, which coincided with the resistance zone, but at once rebounded and made correction. Then the price continued to move up and rose to the 1.1000 level again, but this time the Euro broke it and rose to the trend line. Next, the price rebounded from the trend line and made an impulse down, breaking the resistance level one more time, after which EUR rose to this level and then continued to decline near the trend line. As well, the price formed a wedge pattern, where the price fell to the support level, after which it rebounded and made an impulse up, exiting from this pattern and breaking the trend line. At the moment, the price continues to move up and I expect that the Euro will make a small correction, after which the price will turn around and continue to grow to the 1.10000 resistance level, which is my target. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
LDO - Following The Wedge 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 LDO has been overall bullish, trading within the rising broadening wedge in blue. At present, LDO is undergoing a correction phase and it is currently approaching the lower blue trendline acting as a non-horizontal support. Moreover, it is retesting a strong support zone marked in green. 🏹 Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #LDO approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
Bitcoin Trend Is About to ReversalAt this point I still think the trend is about to reverse 1. The daily line has diverged 2. Starting from an ascending triangle from December to January last year In the upper supply range, people are constantly shipping. Coupled with the subsequent false breakthrough and the upward shock in the following days, I don’t think retail investors can sell so much goods here. 3. It touches the weekly line of 0.618 and is also the last escape point of the last bull market. There's no one in the trap here who would be so kind as to free them. #The cryptocurrency market has high risks, please carefully evaluate operational risks This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.
Short
by Jobs_lin
Gold struggle to selling read the caption Gold has bullish it's a good opportunity as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
OANDA:XAUUSDShort
by Mrsam36