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GBPCAD Approaching Resistance – Anticipating a PullbackOANDA:GBPCAD is approaching a key resistance zone. The current market structure shows a sharp rally into this zone, suggesting potential for pullback if sellers step in. I anticipate that if the price confirms rejection within this resistance zone, marked by bearish candlestick patterns or clear wicks, the market may move downward toward the 1.78455 level. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!"
Short
by DanieIM
GBPJPY at Key Support – Bullish Bounce ExpectedOANDA:GBPJPY is approaching a significant support zone. The current market structure suggests the potential for a bullish reaction if price action confirms rejection through signals such as bullish engulfing candles, long lower wicks, or increased buying volume. If the support holds, I anticipate a move upward toward the 193.300 level, aligning with the expectation of a short-term reversal. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, potentially opening the door for further downside. Traders should remain cautious and wait for confirmation before entering long positions. Monitoring candlestick patterns and volume at this critical support zone is essential for identifying buying opportunities. Proper risk management is advised to navigate potential volatility.
Long
by DanieIM
1
SILVER at Key Resistance: Bearish Bounce ExpectedOANDA:XAGUSD has reached a critical resistance zone, marked by price rejections and strong selling interest. Recently, this area has consistently led to bearish reversals. If sellers regain control and rejection signals, such as bearish engulfing candles or strong upper wicks, appear, I anticipate a move toward 30.54973. If the price breaks above this resistance, however, it could invalidate the bearish scenario. Traders should monitor this level closely and wait for confirmation before entering short positions. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
OANDA:XAGUSDShort
by DanieIM
1
US30 Bullish Setup: Bounce from Channel SupportThe US30 (Dow Jones Industrial Average) is trading within a rising channel, indicating a bullish market structure. The price has recently bounced off the channel's lower boundary, which aligns with a key support zone around 42,000. This area has acted as a strong level where buyers regained control. The overall trend remains bullish, as seen in the series of higher highs (HH) and higher lows (HL) within the channel. If the price forms bullish confirmation patterns, I anticipate an upward move targeting the 44,500 level. Traders should watch for confirmation signals, such as strong bullish candlesticks or higher lows on lower time frames, before entering long positions.
FX:US30Long
by DanieIM
4
USDNOK - Sell Opportunity After Support BreakOANDA:USDNOK 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 11.08069 level, confirming the breakout's strength. Conversely, 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. What's your opinion on this potential short trade? Feel free to share below!
Short
by DanieIM
2
SEKJPY at Major Resistance - Could it Reach 14.133?SAXO:SEKJPY is approaching a key resistance level that has previously triggered bearish reversals. While current bullish momentum has driven the price into this zone, it could present an opportunity for sellers to step in. If bearish signals such as rejection wicks or bearish engulfing candles appear, a move toward 14.133 could follow. On the other hand, a breakout above this resistance would invalidate the bearish bias and signal potential for further upside. Key Takeaway: Wait for clear rejection patterns before considering short positions.
Short
by TrendDiva
3
WMT Showing Bullish Momentum – Move Toward $99.00 ExpectedNYSE:WMT is demonstrating strong bullish momentum, driven by consistent price strength and support from key moving averages. The recent price action confirms buyers' dominance, with a clear uptrend evident on the chart. The stock has advanced steadily, breaking out of prior consolidation zones, and is now poised to target the $99.00 level, which serves as the next significant milestone. This setup aligns with the expectation of a bullish continuation, offering a potential long opportunity if pullbacks or consolidations occur near current levels. If you agree with this analysis or have additional insights, feel free to share your thoughts here!
NYSE:WMTLong
by THE-BUFFALO
USDCHF - towards 0.90810?OANDA:USDCHF is currently approaching a key support level that has acted as a strong base for upward price movement. Recent price behavior suggests this level could once again turn into a significant demand zone. If we see confirmation of bullish sentiment—such as increased buying activity or reversal candlestick patterns—there’s potential for the price to go towards 0.90810, aligning with the current trend. If the support is broken, it may point to a reversal in momentum, potentially leading to further declines. I am prepared for potential volatility to adjust the risk management accordingly.
Long
by TrendDiva
RTX Bullish Momentum – Move Toward $131.00 ExpectedNYSE:RTX is demonstrating strong bullish momentum, supported by moving averages and consistent upward strength in price action. The recent push above $125 confirms that buyers are in control, and suggests a likely continuation toward the $131.00 level. A pullback toward $125–126 could provide an opportunity for buyers to step in, maintaining the rally's trajectory. This setup aligns with the expectation of a bullish continuation, offering a potential long opportunity if pullbacks or consolidations occur near current levels.
NYSE:RTXLong
by THE-BUFFALO
1
EOS at Key Support Level - Bullish Bounce ExpectedCOINBASE:EOSUSD has reached a significant support area that has previously attracted buying interest, resulting in bullish bounces. If the support level holds and a bullish confirmation emerges, I anticipate a move toward the 0.8641 level. However, if the support is broken, the bullish outlook will be invalidated, opening the door for further bearish momentum. Traders should wait for clear confirmation of buyer strength before opening any trades. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
COINBASE:EOSUSDLong
by TrendDiva
FRA40 at Key Resistance - Is a Pullback Imminent?PEPPERSTONE:FRA40 has reached a significant resistance level. Price has made a strong bullish move into this region, but the market structure suggests the possibility of a reversal due to potential exhaustion of buying momentum. This setup aligns with the idea of trend exhaustion near resistance. A rejection from this zone could provide a short-term bearish opportunity targeting the 7,775 level, which represents a logical target within the current market structure. Traders should monitor price action closely for confirmation signals before entering trades. Let me know your thoughts or if you have additional insights to share!
PEPPERSTONE:FRA40Short
by DanieIM
4