CADCHF - Short Setup at Key ResistanceOANDA:CADCHF Is getting closer to a resistance zone that has times before lead to strong bearish momentum. A confirmation of selling pressure, such as a bearish engulfing pattern or multiple rejection wicks at the resistance level, would increase the likelihood of a downward move.
If sellers take control at this zone, the pair could move downward, with a target around the 0.63200 level.
NOT financial advice - just my view on support and resistance zones, Always confirm your setups and trade with solid risk management!
Best of luck! Again!
Dailychart
CHFJPY at Key Support Level - Potential Buy SetupOANDA:CHFJPY is at a significant demand zone that has consistently triggered bullish reversals in the past. This zone has previously acted as a strong support level and now as price tests this area again, it creates a potential opportunity for buyers to regain control.
I expect the price to move toward 168.60. On the other hand, a break below this support could signal further downside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
USDCAD - Sell Opportunity After Support BreakOANDA:USDCAD recently broke through a significant support level, creating an opportunity for further bearish movement. The market is now retesting this level. A rejection off this area could push the price lower toward the 1,4120 level, confirming the breakout's strength. A failure to hold resistance could indicate a continuation of the bullish trend.
Traders should look for bearish confirmation signals, such as bearish engulfing candles or increasing sell volume, before entering short positions.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Beautifully making HH HL on Monthly TF.Beautifully making HH HL on Monthly TF.
However, Bearish on Daily TF.
a Perfect Example of Bearish ABCD Reversal Pattern,
Touched Point D & Reversed.
Now, either it should close above 1520 on Monthly basis
for a positive move probably upto 1600+
else,
the selling pressure may bring it to the Next Support
around 1300 - 1365.
In worst case, it may touch 1140 - 1145.
USDJPY at Key Support - Potential Buying OpportunityOANDA:USDJPY is inside a support zone, which has been a turning point for bullish move before. The recent bearish pressure brings the price into this area, creating a potential buying opportunity.
If bullish signals emerge, such as strong buying volume or bullish candlestick patterns, I expect the price to move toward 152,750. However, a break below this support would invalidate the bullish bias and could lead to further declines.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management!
EURNZD - Sell Setup at Key Resistance ZoneOANDA:EURNZD is currently trading in a clear resistance zone that has consistently acted as a barrier for bullish momentum. This area aligns with prior supply levels and could attract some seller interest.
If rejection patterns, such as bearish engulfing candles or long upper wicks, emerge, I anticipate a move toward 1.83500 . However, a break above this zone could signal a potential shift in market sentiment.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
Will GBP/JPY Attempt to Push Higher?Due to it's failed attempts to break each Lower High and the Highest High, I believe it's time for GBP/JPY to sell further. Looking at it on the daily timeframe, I've identified areas of strong support that needs to be broken, preferably with a momentum candlestick and a close below from H4 to Daily. Target prices identified, coincide with the various structural supports as well as Fib Trend Extension levels with the final target being a possibility for price to "spike" into, reversing for a possible retracement.
View video for a full explanation and identified TPs.
Please "like" and feel free to comment with your own ideas or agreement!
Bullish Opportunity on CADCHFCADCHF has been moving sideways for some time now and it seems ready for a breakout, the overall look is an upward breakout movement, it might have a short retest in key support zones as marked on the chart above or just breakout upward instantly without retesting the support zones
let's watch the market these coming weeks
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NZDSGD - In a Clear Support Zone - Buying Opportunity Ahead?OANDA:NZDSGD is inside a key support zone that has previously acted as a strong demand level, leading to bullish momentum. The recent decline into this area suggests a potential opportunity for buyers to step in.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candle, or long lower wick, would increase the likelihood of an upward move. If buyers regain control, the price may head toward the 0.76630 level. This setup indicates a potential short-term rebound within the broader market structure
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
MNQH Continued Bullish Run On Friday price made a nice Bullish run that took out the PDH from the previous two days and price closed above the D LV and D SIBI. Currently we have price wicking off the D LV and has traded higher cutting through the MT level of the -OB. If price can stay above that MT level then I can see price going higher and taking out the PDH from Fri Jan 17 2025 at 21680.00 and then eventually target the PDHs from January 6th and 7th.
So lets continue to watch and see if price has truly switched to being Bullish after taking SSL, and finding support off the D BISI CE level.
LTC about to complete right shoulder right @ the golden crossIf Litecoin’s price action reacts the same to its golden cross as many other crypto charts have recently, we will likely see Litecoin rise above the invh&s neckline i the coming days. A confirmed breakout from the invh&s has a breakout target of around $173. *not financial advice*
XRP’s 1day 50ma about to push XRP price out of the nestWe can see the orange 1day 50ma has now rise up to the bullflag xrp has been consolidating in since its big pump and is ready to shove xrp’s priceaction u out of the nest so it can learn to fly to the next target. I’m gonna go out on a limb here(no pun intended) and make an educated guess that XRP will achieve a new all time high before February. That’s not financial advice obviously but that’s how confident I am in the current market conditions I’m seeing. Let’s see if my guesstimate comes true.
HBAR likely to break outta flag as it breaks stochrsi resistanceNotice the yellow descending trendline on the stoch rsi indicator, we can see this line held resistance fr quite some time but stochrsi is now finally braking above t while price action has simultaneously closed the previous candle with the body poking above the top trendline and now the current daily candle looks like it will hold that trendline as solid support and potential even act as the breakout confirmation candle. Probability is high the breakout will be confirmed in the next few days *not financial advice*
1day50ma likely to push hbarusd price up out of bullflagIn this HBARUSD chart update, we can see here the. Day 50 ma (in orange) is still providing solid support to hbarusd’s price action and probability is good that it will push price up out of the bull flag it has been consolidating in. *not financial advice*
SPY Hourly Insight 01/08Today SPY did manage to fall below that 586 level that I mentioned yesterday, and filled that gap below. Buyers quickly stepped in and defended that level again. I'm bullish only if we continue to defend that range. Today was definitely a scalpers paradise, on the hour we ranged and chopped all day. Tomorrow markets are closed in remembrance of President Jimmy Carter. We are double inside on the hour for all my straters out there, which could give us a push to those higher levels if we break out of that consolidation. These are the levels for Friday that I will be watching.
Ada breaking up out of a Bull pennant.Target for the pennant hound be around $1.86 . I also noticed the.bitcoin dominance chart’s 200ma looks like its finally flipping back to resistance which if so will increase the probability of ADA hitting this pennant target as well as alt season finally officially starting. *not financial advice*
EUR/USD Downward Movement to Continue?The EUR/USD pair continues to show bearish potential on the daily timeframe.
While Friday's high could be taken as part of a retracement, the overall trend remains bearish.
There is a potential move toward the sell-side liquidity (SSL) below, aligning with unmitigated imbalance zones and market structure.
Watch for price reaction in and around the Daily FVG level and the Fibonacci retracement zones for a potential bearish setup on the lower timeframes.
Trade Safe ;)
GOLD TO $3000/OZ (after correction ofc)After my previous optimistic idea, here’s a scenario that seems much more likely! Now I can also see that gold needs a little break before it can head towards the $3000+ target price! I think the $2500 avg. price level is a very good entry point before the first wave of the fifth wave begins.
Bitcoin currently in an ascending bull flagI made a rough estimate of where the flag make breakout for where I placed the dotted measured move breakout target line. There’s a chance it could not hit the entire flag tRGET and instead only reach the breakout target of just the channel portion of the flag itself which would be a much lower target. Also always a possibility arising channel breaks to the downside though at the beginning of a parabolic phase during a bull market they usually break upwards. We will see what happens soon enough *not financial advice*