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Support and Resistance

Support and Resistance is one of the most used techniques in technical analysis based on a concept that's easy to understand but difficult to master. It identifies price levels where historically the price reacted either by reversing or at least by slowing down and prior price behavior at these levels can leave clues for future price behavior. There are many different ways to identify these levels and to apply them in trading. Support and Resistance levels can be identifiable turning points, areas of congestion or psychological levels (round numbers that traders attach significance to). The higher the timeframe, the more relevant the levels become.

Finding the most important ones can take many hours of practice. They exist due to an influx of buyers or sellers at key junctures. The fact that these levels flip roles between support and resistance can be used to determine the range of a market, trade reversals, bounces or breakouts. Each of these trades will have their own rules for entry and exit. TradingView has a smart drawing tool that allows users to visually identify these levels on a chart.
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NZDUSD, 60 Long
Swing Analysis NZDUSD 14/10/2018

NZDUSD -0.27% – In the hourly chart NZDUSD -0.27% looks bullish and still have a more way to go up, At least until the resistance above which I choose as a target, the demand below is a great Continuation level and if the price will return that demand I’ll buy there.

Shivam_93 Shivam_93 EURUSD, 240, Long ,
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EURUSD, 240 Long
EUR/USD Long Setup

- Breakout of the channel on the H1 showing price structure being taken out and supporting this bullish sentiment. - Bullish divergence on the H4 using stochastics implying the bearish momentum coming to a halt and that we are in the mist of seeing a reversal after testing the lows of 1.1450. - Clear rejection of the weekly support level on the D1 with a long ...

Shivam_93 Shivam_93 GBPJPY, 240, Long ,
502 3 4
GBPJPY, 240 Long
GBP/JPY Long Setup

- Bullish divergence using RSI, implying momentum to the upside is starting to take control. - Found support at 1.4050 on 3 occasions (triple bottom) showing a possible reversal. - Broke through 50 EMA on the H4, taken out its dynamic resistance level. - Next resistance at 1.4380 and coincides with the 50.0 fibonacci level where price may struggle, whilst heading ...

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EURAUD, 15 Long
EURAUD looong

let's find support above marked pivot (top orange horizontal) and Bob's your uncle

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USDCHF, 15 Short

breaker breaker come in earth, USDCHF 0.21% 0.12% has lost engine 44. Prepare for crash landing GLGT

the5erstrading the5erstrading SPX, 1D, Short ,
106 1 2
SPX, 1D Short
Waiting For Reversal Opportunity On SPX500 25/09/2018

For the long terms, the SPX500 has reached a new record recently, As always, after a long rally, I'll prefer to look for sell position, I believe in the simple logic of sell high And buy low, and the SPX500 is definitely in a high level now, if the price will breakout the confirmation zone below it indicates the price has changed the long-term momentum from ...

115 0 6
CADJPY, 60 Long
Waiting For Breakout CADJPY 11/09/2018

The CADJPY has just arrived into the resistance zone. I'll wait to see if the price will breakout this resistance zone, If that happens it indicates the price tends to Reach the supply at the top, there are about 120 pips between those levels, in case the price will break The resistance I'll look for a P"A setup of buy position, my target will be the supply at ...

68 1 3
CHFJPY, 240 Long

Market has broken Long Term Descending Trendline to form a new high, We have drawn a Fib from the previous Low to the new high, and the market has now came back to test the 50 Fib Zone, which is also re testing the back of the descending long term trendline. The market is now on a level of support, and has also broke the new inner trendline give a further ...

Shivam_93 Shivam_93 USDJPY, 240, Short ,
236 0 8
USDJPY, 240 Short
USD/JPY Short Setup

- Bearish divergence on the H4 using stochastics - Price seems to be rejecting the major daily resistance level of 114.33 and started to consolidate on the H1 before breaking out this zone to the downside - Could see price heading towards 113.00 as it fulfils the fibonacci 38.2 level on the D1 as a well due retracement after consecutive bullish moves

70 2 4
USDCHF, 60 Short
USDCHF Analysis 07/10/2018

USDCHF – As we can see, on the hourly chart, the USDCHF is after a great rally and just arrive in the Resistance zone that we can see on the 4H chart, I’m waiting for a reversal signal and if the price will break out the support below it’s a good signal for changing momentum, in that case, I’ll look for P”A Setup for sell position, my first target will be the ...

ArminZed ArminZed EURCHF, 60, Short ,
99 2 3
EURCHF, 60 Short

Hi, there is a reversal point at this price but wait to see clearly a rejection Good luck! Happy pips!

the5erstrading the5erstrading DEU30, 240, Short ,
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DEU30, 240 Short
Opportunity For Long Term Sell Position On The DAX index 17/09/2

As we can see on daily and weekly charts, the DAX index is bearish at the long terms. For the long terms, I believe the DAX is on his way to reach 10.840 zones, that because it is the next Fresh demand that can stop this bearish momentum. The supply levels above are a great continuation Levels, I'll sell at the first one if the price will reach that supply, and if ...

rmmtt rmmtt AUDCAD, 120,
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Fx_Montana Fx_Montana GBPUSD, D, Long ,
23 0 0

Heading in to the key EU October summit to be held this Wednesday where Brexit will be discussed. Lots of positive Brexit talk in the last 2 weeks with the EU saying they're prepared to offer a "supercharged Brexit deal" and that "EU are ready to offer a deal" and most recently, German companies (specifically auto sector) putting pressure on the German govt -0.08% ...

BTCUSD: Bitcoin surprise?
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Bitcoin surprise?

In this shorter screencast I give three reasons why I come to an opinion that Bitcoin may surprise. This is not encouragement for traders to take long positions. Whatever traders do, please ensure that stoplosses are truly acceptable. No gambling please.

the5erstrading the5erstrading SPX, 1D, Short ,
29 0 0
SPX, 1D Short
Long Term Analysis SPX500 12/10/2018

The SPX500 0.42% has created a fresh new supply at the beginning of the recent drop. This supply seems like a strong one, the price drop down from there very fast which Indicates more sell orders that waiting there. I'll wait for the price to return that supply And I'll sell there, my target will be the support zone below, and for those who want to try and Take it ...

Ribz Ribz USDCAD, 30, Short ,
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USDCAD, 30 Short
USDCAD short

if we display bearishness once back below Mondayìs high I expect fast move down, possible start of a massive downtrend GLGT

Ribz Ribz EURAUD, 15, Long ,
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EURAUD, 15 Long
EURAUD to the mewn

lets get above this pivot point and off to Nibiru

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