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GBPJPY at Key Support: Potential Rebound AheadOANDA:GBPJPY is approaching a key demand zone, marked by prior price reactions and significant buying pressure. This zone has historically acted as strong support, suggesting the potential for a bullish reaction if buyers step in. If the price confirms a rejection from this demand zone, I anticipate an upward move toward the 191.450 level, which aligns with a logical retracement level. Traders should look for bullish confirmation signals, such as bullish engulfing candles or a series of higher lows, to validate potential long positions.
Long
by DanieIM
1
CHFSEK Approaching Support: Will Buyers Push Toward 12.1210?FUSIONMARKETS:CHFSEK is approaching a key demand zone, marked by previous price reactions and strong buying interest. This zone has historically acted as a support area, suggesting the potential for a bullish bounce if buyers regain control. The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 12.12100 level. This target aligns with a logical retracement within the broader market context. Traders should watch for bullish confirmation signals, such as bullish engulfing candles or strong buying volume, before considering long positions.
Long
by DanieIM
1
LEAD at Key Resistance Level - Correction Incoming?FUSIONMARKETS:XPBUSD is currently testing a significant resistance zone. Previously, this area has acted as a strong barrier, leading to bearish reactions. The recent rally into this zone suggests a potential for sellers to step in and drive prices lower. A bearish confirmation, such as a strong rejection pattern, bearish engulfing candles, or long upper wicks, would increase the probability of a pullback. If sellers regain control, the price could move toward the 1,967.000 level. 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
FUSIONMARKETS:XPBUSDShort
by TrendDiva
1
EURNZD Testing Key Demand Zone - Bullish Bounce ExpectedOANDA:EURNZD is approaching a significant demand zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key support zone, indicating the potential for a bullish bounce if buyers regain control. The current market structure suggests that if the price confirms a rejection from this demand zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 1.83800 level, which represents a logical target within the current market structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
1
USDCAD Testing Key Demand Zone - Bullish Bounce ExpectedOANDA:USDCAD is trading at a significant demand zone, highlighted by prior strong price reactions. This area serves as a critical support level, where buyers have historically stepped in to push prices higher. The current market structure suggests a potential bullish reaction if momentum emerges. I anticipate that if the price confirms a rejection from this demand zone, marked by bullish candlestick patterns or clear rejection wicks, the pair could move upward toward the 1.43960 level. Let me know if you agree with this analysis or have additional insights! Feel free to share your thoughts in the comments.
Long
by DanieIM
3
EURUSD 5 Feb 2025 W6 - Intraday Analysis - EU PPI - US ADP/PMIThis is my Intraday analysis on EURUSD for 5 Feb 2025 W6 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Investors remain cautious but are gradually finding footing after recent bouts of volatility linked to aggressive trade measures and policy uncertainty. The sentiment can best be described as a mix of risk aversion amid global trade tensions and a tentative willingness to engage as economic data remains broadly resilient. The U.S. dollar has experienced modest strength but remains under pressure due to the broader uncertainty in trade dynamics and the potential for escalating tariffs, particularly from ongoing actions against major trade partners even with pause of tariffs on Canada and Mexico. The target is Europe. Federal Reserve Outlook: While the recent policy stance has been one of a pause, the Fed is expected to continue monitoring inflationary trends closely. Any future adjustments to monetary policy are likely to be data-dependent, with the current sentiment suggesting that policymakers will remain cautious amid trade-induced uncertainties. 4H Chart Analysis 1️⃣ 🔹Swing Bullish 🔹INT Bearish 🔹Reached Swing Extreme Demand 🔹Swing Continuation 2️⃣ 🔹With the Bearish iBOS, price confirmed the Swing pullback phase. 🔹We reached the Swing extreme demand which triggered a V-shape reaction indicating the bullish continuation. 🔹Price is currently targeting the liquidity (CHoCH) at 1.04342 (15m Swing High). 3️⃣ 🔹Expectations is set to continue Bullish for the Bullish 4H Swing Continuation after reaching the Swing Extreme Demand. 15m Chart Analysis 1️⃣ 🔹Swing Bearish 🔹INT Bullish 🔹Swing Pullback 2️⃣ 🔹Swing turned bearish signaling the 4H/Daily bearish continuation. 🔹After a BOS we expect a Pullback, price pulled back with series of Bullish INT structures reaching the 4H Supply and the 15m Swing extreme. 🔹While the 4H Swing Structure is Bullish, 15m Swing still Bearish. 3️⃣ 🔹Expectations is set to continue bullish to sweep the 4H liquidity (Forming a Bullish
by Amr-Sadek
“Waiting for 30M CHoch flip to Confirm Bullish bias”“Waiting for 30M CHoCH Flip to Confirm Bullish Bias” I’m closely monitoring EUR/USD on the 30-minute timeframe. The price is sitting in a 4H demand zone/order block, and I’m waiting for a clear CHoCH (Change of Character) on the 30-minute chart to confirm bullish intent. For a broader view, I’ve posted the 4H chart in my latest post, showing the demand zone and its significance to this setup. Key Levels: • 4H Demand Zone: Strong area of interest for bullish setups. • Next Steps: Wait for CHoCH confirmation and refine the entry. Patience is key in setups like these. Let’s see how this plays out! Bless Trading!
Long
by Juicemannn
WHEAT at Key Resistance - Potential Sell SetupPEPPERSTONE:WHEAT is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers regain control. The current market structure suggests that if the price confirms a rejection from this resistance zone, there is a high likelihood of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 558.5 level, which represents a logical target within the current market structure. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
PEPPERSTONE:WHEATShort
by DanieIM
1
EURAUD at Resistance - Will Sellers Step In?OANDA:EURAUD is testing a strong resistance zone, an area where sellers have stepped in before. If price struggles to break through and we see bearish confirmation—such as rejection wicks, bearish engulfing candles, or decreasing buying volume—I anticipate a move toward 1.6600. A clean rejection from this level could trigger selling momentum, leading to further downside. However, if buyers manage to break above 1.6800 with strong conviction, it could shift the bias bullish and invalidate the short setup. 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
Short
by TrendDiva
1
COSTCO: Bullish Continuation in Play – Targeting 1,017$NASDAQ:COST is trading within an ascending trendline, suggesting a continuation of the bullish trend. The price recently bounced off the trendline support, confirming buyers’ control. This structure indicates the potential for further upside, with the next target around the 1,017 level. The bullish scenario assumes that the price maintains its momentum and respects the trendline support. Let me know your thoughts or if you have an alternative perspective!
NASDAQ:COSTLong
by DanieIM
1
EURNOK: Buy Setup at Key Support ZoneOANDA:EURNOK is currently testing a significant demand zone. Previously, this area has acted as strong support, leading to bullish reactions. The recent decline into this zone suggests a potential for buyers to step in and drive prices higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a rebound. If buyers regain control, the price could move toward 11.7300 level. 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
Long
by TrendDiva
1
NOKSEK at Key Demand Zone - Potential Buy Setup FOREXCOM:NOKSEK reached a significant demand zone marked by prior price reactions. This area aligns with a key support level, where buyers may step in to push prices higher. The current market structure suggests the potential for a bullish reaction. If the price action shows clear bullish confirmation, such as strong rejection candles or bullish engulfing patterns, I anticipate a move upward toward the 0.97770 level. Let me know if you agree with this analysis or have additional insights! Feel free to share your thoughts in the comments.
Long
by DanieIM
1