Gala Short IdeaGala On 15 min time frame has created a support and if it breaks the support it can be a good entry for short. Entry, Take profit and stop loss are provided in the chart. RR: 1-1.2.
Support-and-resistance
Sgx Nifty Resistance & Support.
Sgx nifty showing resistance around 17460.
Now previous resistance around 17045 is a support.
It may retest the support and may bounce back to retest resistance again.
Otherwise it will form a bullish pattern below support and bounce back.
Reliance at critical supportReliance which amounts to 10.1% weightage in the nifty 50 index is at its critical support!
The stock is going through a long distribution phase and has touched its support multiple times to weaken it.
Any movement below this would mean a significant downfall in the stock price.
Stay alert!
BTC (Current Update)$BTC (Current Update)
Bitcoin Is Trading In A Loop Of Support & Resistance ($18300 - $19800)📊....
There's A Chance Of Testing The Support Level Again (Triple Bottom),
Then Again The Resistance....
Any Time BreakOut📈 Or BreakDown📉 Can Happen....
It Will Change The Whole Secenerios....
Stay Alert For More Upcoming Updates....
Bearish orderflow Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
Break our strategy for intraday Best intraday break out out strategy for all segments stocks, derivatives, commodities, currency,any segment you can trade with this strategy
How do you spot your support and resistance?I have seen a lot of traders designing their chart with so much lines even at the lowest time frame all in the name of support and resistance.
It’s quite funny but really not so.
For me I only look for key zones or I call it strong zones. When plotting my S&R, I k my look for those zones that pushes market high to about 50pips and above as support or deep as low as 50pips and above as resistance.
And I find them at H4 or H1 TF
In this case my I have a clean chart on M15 TF where I easily fine my entries.
Dose this make sense to you?
Tell me, How do you plot your own S&R?
TrxUsdUpdate ...
The red area is a very good support range for this currency, the probability of hitting a return pattern is very high..
can BTC touch 7100$ ? maybe the worst senario!I try to use Fibonacci Retracement to find Support and Resistance then use Trend Lines and now i have 5 Scenario in different color!
I think the RED and BLACK is going to happen means 7700$ and 7100$ !!!
By the way if BTC go upward
First target can be 11300$
but if BTC go downward one of the 4 remain scenario can be ture
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Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!----------------------------------
Support and Resistance explanation:
Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof.
The market then moves lower, having reversed, back to the floor, where it consolidates.
The concept of Support and resistance is important for a number of reasons.
--> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s.
It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.
