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Supportandresitance

AUDUSD: Thoughts and AnalysisToday's focus: AUDUSD Pattern – Support hold Support – .6285 Resistance – .6425 Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Currently, we are watching price from 6285 support; if this level can hold and the USD continues to push lower, we will look for further upside from the AUDUSD. If buyers can get a mini run going, we see 6425 as the first resistance. If sellers can break today's rally and move below support, this could set up a new leg lower that could test lower 6200 areas if seller momentum can get going. Let's see if buyers can continue to hold 6285 support. Good trading.
by Eightcap
Audusd to become bullish intraday this weekI mistakenly took a minor break of structure and a moving average crossover as a reversal trigger when in actuality it was simply the warning. The trigger is what is presented currently. This 4H clear higher high on our home timeframe. This is trading 101. Simple higher high along with TDI. The daily makes sense as this bullish push is all apart of the daily LOWER HIGH being formed. Major 38.2 has been broken, the next prz level is the 61.8. This week I look forward to a bullish re-test of the weekly support/ a trendline/ zone/ structure I'll only buy a re-test. Maximize this move of the week potentially. Higher highs make higher highs.
Long
by DesharedPierreJr.
Gold has Likely bottomed out for this monthI decided to go long on gold immediately after receiving a reversal candlestick at a low on top of daily support. This candle also provided bullish volume after breaking a trendline and creating a new high. Price is now on the buy side of a strong trendline as well as the buy side of a strong support. I look forward to adding an entry upon a reversal candlestick at the retest. At the end of the day we're counter trend trading NOW.
OANDA:XAUUSDLong
by DesharedPierreJr.
Technical Analysis on the EUR/USD and what to look forward toFX:EURUSD We take a look at what the EUR/USD may do going forward and how the current short positions unfolded. We have made a nice and steady decline into the main Pivotal zone and the question now is, do we stay short or watch for buyers to come back into the market and swing momentum back to the upside. In this Video, I describe the thought process and outlook on what price action may be showing us next. Hope you enjoy the video and analysis.
by InternalTraderNYC
2
ETHUSD set to extend its downtrend? Thank you for tuning in for Wednesday’s update. Today’s video analysis focuses on ETH. We also have a quick recap of some key FX moves we’ve seen since yesterday, including the USD run into new 2022 highs and the JPY crashing to 22-year lows. Some top 10 coins broke lower yesterday, but ETH held out after an impressive 5% rally in yesterday’s Asian session. This rally faded out, but we did see 1540 hold. Today has been a very different story with heavy selling so far this session. Sellers have not only beaten 1540 but are also starting to threaten 1470 support. If we see a move through 1470 and a break of the 1419 low, we will look for the downtrend to continue. Normal trend conditions will be met with a new LL backing up the last LH. What do you think? Do you agree? Do you think ETH will bounce at support, or have we missed something? We are always happy to hear feedback from other traders. Enjoy your Wednesday, and good trading.
EIGHTCAP:ETHUSDShort
by Eightcap
Oil forming a new uptrend? Hi, and thanks for stopping past for Monday's video update. Today's focus is USOUSD (oil). We are looking at oil on its current daily chart and asking if we are seeing the start of a new uptrend. We all saw last Friday's fireworks and the effect they had on the USD and risk markets. Oil acted no differently at the start moving 1.98% lower, but this was short-lived, and buyers came back into the market, cutting losses and closing at a very small gain. This was a good sign to us as we had been watching the last leg higher from $870.50 - $95.75, which broke out of the downtrend. The previous two days of trade last week continue to paint a bullish picture for oil as we have now seen a retracement and a new HL. Today's price action so far has continued to catch our attention, as it looks like buyers are trying to get a new move going. From here, we would like to see a break of Friday's high and a new move back to test resistance at $95.80 - $96. A break of those resistance points could start suggesting that we have a new short-term uptrend underway. If we see a new move lower that closes below last Friday’s low, this would be a worry that seller numbers are still very high. A new move below $90 would most likely cancel out bullish momentum in the short term. We would like to hear from you. Don’t agree or have something else to add? Please feel free to comment. Good trading.
EIGHTCAP:USOUSDLong
by Eightcap
Bitcoin buyers made the hold, but will we see a rally?Hi, and welcome to Wednesday’s update. Today we have seen a few of the top ten crypto coins trying to get some buyer momentum going. Today’s video is on Bitcoin but also check out the ETH on its daily chart for another example. Bitcoin on the 4H made a support hold overnight, and we take that as a positive for buyers. So far today, buyers have continued to push off 23,780 support. We are keeping an eye on 24,033 resistance/supply as price continues to struggle to break this area. If we see a break, and we hope to. We would then be looking at 24,277. If buyers can’t get this rally going and we see a new push lower by sellers, beware of the support level, as a break of that level could also start to bring into play the wedge pattern seen on the daily timeframe. (covered in the video update) It’s a real test at the moment to see if buyers can get a rally going breaking the current supply and setting up a new move that could reach 24,890 again We hope you enjoyed today’s update, and please feel free to send us your thoughts on bitcoins price action at the moment. Otherwise, enjoy your Wednesday and good trading.
EIGHTCAP:BTCUSDLong
by Eightcap
Oil back at key support who will win this battle?Hi all, thanks for checking in for Wednesday's video analysis on oil. Once again, we find ourselves back at key support. This level has stood since March, and till today sellers haven't been able to break through this level. For the last two sessions, sellers have tried and failed at breaking $95.20 support, but the question now is, do buyers still have the numbers to defend a new assault? Monday saw a strong move down by sellers, but they continue to be blocked at support. Things above are not much clearer as resistance continues to look firm from $101-$102. Our question today is will we see a new break lower or will support hold, and with price now starting to be squeezed, could this become a defining point that continues the current downtrend or sprouts a new reversal? One thing I didn't cover in today's video is the danger of breakout selling at this point. The current point looks as good as any for a bear trap after a false breakout out lower, as we have already seen one in July. Regardless of the breakout direction, we see it might be a good idea to wait for a new LH or HL to gauge that the move is valid and won't get sucked back into the range. Thanks for watching and reading. We hope you enjoy the rest of your day. Good trading
EIGHTCAP:USOUSD
by Eightcap
1
What to buy and how to ride the commodity bull?Discussion: 1. Example on Natural Gas - breaking away from its range 2. Beginning stage of a “Growth” stage 3. Identifying and trading in its uptrend with multiple timeframes Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
NYMEX:NG1!Long
by konhow
How I Trade Support and ResistanceIn this video made for Best of Us Investors I talk about my most fundamental trading component; trading and investing off Support and Resistance Levels. I also talk about how I combine this with my other fundamental component of 50% Retracement Levels. We look at live examples of NYSE:ZIM and NYSE:KO and look back in history for case studies of NASDAQ:AAPL , NASDAQ:AMZN , and NASDAQ:TSLA to see just how powerful this tool can be for high probability, low drawdown, profitable trades and investment entries!
NYSE:KOEducation
by norok
7