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CHFJPY at Key Support Level - Bullish Correction Ahead?OANDA:CHFJPY has reached a key demand zone that has acted as a strong support level in the past. The overall context implies that buyers may take control at this level, leading to an upward move. A bullish confirmation, such as rejection patterns, bullish engulfing candles, or long lower wicks, would strengthen the case for a rebound. If confirmed, the market may move upward toward the 170.94 level. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
3
SILVER Retesting Support - Continuation Toward 31.80?OANDA:XAGUSD recently broke above a key resistance zone, which has now turned into a support area. The price is currently retesting this level, creating a potential opportunity for buyers to step in and continue the bullish momentum. If the support holds and we see bullish confirmation, such as rejection candles or a bounce, the price is likely to move higher toward the $31.80 level. This setup reflects a classic break-and-retest scenario, signaling potential trend continuation. Let me know your thoughts or if you have additional insights on this setup!
OANDA:XAGUSDLong
by DanieIM
1
GOLD Breaks Resistance - Can Bulls Maintain Momentum?OANDA:XAUUSD has broken above a major resistance level and is currently retesting this level as support. This area has historically acted as a key decision point, and its role as new support will be crucial in determining the next move. If buyers step in and successfully defend this level, I anticipate a continuation of the bullish trend, with price targeting the 2,830 level. This scenario aligns with the broader uptrend and could offer a strong buying opportunity. However, if this support level fails to hold and sellers push the price below it, we could see further bearish momentum, potentially leading to a deeper pullback. Traders should closely monitor price action for confirmation signals, such as bullish engulfing candles, strong buying volume, or a clear rejection wick, which would indicate that buyers are reclaiming control. Keeping an eye on market structure and key technical signals will be essential for making informed trading decisions.
OANDA:XAUUSDLong
by DanieIM
13
GBPCAD Approaching Key Resistance — Will Sellers Step In?OANDA:GBPCAD is approaching a key resistance zone, a level previously met with strong selling pressure. The market has rejected this level before, indicating the presence of supply and reinforcing the potential for another move lower. If bearish confirmation follows—such as rejection wicks or strong bearish candles—this could trigger a continuation to the downside, with 1.80080 as the next key target. However, a breakout above this resistance would invalidate the bearish bias, shifting focus toward higher levels. 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
3
AUDNZD – Potential Long from Key Support ZoneOANDA:AUDNZD is approaching a key demand zone, which has previously led to bullish reversals. The recent downward move brings price into this support area, signaling 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 support the likelihood of an upward move. If buyers regain control, the price could rally toward 1.10500. 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
CADCHF Testing Key Support Level - Potential Buy SetupOANDA:CADCHF has reached significant demand zone. This zone has previously acted as a strong area of support, with multiple price reactions indicating buyer interest. The current market structure suggests a potential bullish correction at this level. The anticipated scenario involves a bullish rejection from the demand zone, leading to a move upward toward the 0.62700 level. This aligns with a short-term correction or a potential shift in momentum if buyers regain control. A bullish confirmation, such as a strong engulfing candle or higher lows forming on the lower timeframes, could strengthen this setup. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
1
RTX Trending Higher – Targeting 134.68NYSE:RTX is respecting an ascending trendline, signaling strong bullish momentum. The price has recently rebounded from the trendline, maintaining the overall structure of higher highs and higher lows, which aligns with the trend continuation narrative. I anticipate that if the stock sustains its upward trajectory, it could move toward the 134.68 level. As long as the trendline holds, the bullish outlook remains intact. Feel free to share your perspective or any insights in the comments!
NYSE:RTXLong
by DanieIM
1
ADP - Bullish Continuation Toward 315.50NASDAQ:ADP is trading above its ascending trendline, showcasing strong bullish momentum. The price action maintains the pattern of higher highs and higher lows, which supports the case for trend continuation. I expect that if the stock continues this upward movement, it could reach the 315.50 level. The bullish bias remains intact as long as the trendline support is respected. Feel free to share your thoughts or any additional insights in the comments!
NASDAQ:ADPLong
by DanieIM
1
BMY Trending Higher: Targeting 63.30 NextNYSE:BMY is trading within a well-defined uptrend supported by a rising trendline, signaling strong bullish momentum. The price has recently maintained its position above the trendline, reinforcing the overall structure of higher highs and higher lows, which aligns with the trend continuation narrative. I anticipate that if the stock sustains its upward trajectory, it could move toward the 63.30 level. Let me know your thoughts or if you see the setup differently!
NYSE:BMYLong
by DanieIM
2
CADJPY - Sell Opportunity After Support BreakOANDA:CADJPY has broken a key support zone, signaling a potential increase in bearish momentum. The price is currently retesting this broken support, which now serves as resistance. If sellers confirm resistance at this level, the price is likely to move downward toward the 103.970 level, aligning with the prevailing bearish trend. Conversely, a failure to hold resistance could suggest a potential bullish shift. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles or increased selling volume, before considering short positions. Let me know your thoughts or any additional insights you might have!
Short
by DanieIM
2
EUR/USD Outlook to recover the imbalance My EU outlook for this week is similar to GU as the dollar index gapped to the upside which made pairs like GU and EU to drop down heavy. once price did so it did breach a lot of my previous demands so we have to now adapt and re adjust our analysis and forecast. So i have this demand zone that as you can see is getting reacted off of which what i drew out a. while ago which is the 8hr demand zone. I feel like this zone will hold as there is of validity. If price reacts well and manages to cover that gap i will then look to short inside the 1hr supply zone but after finding of course LTF confirmation. COnfluences for EU Buys are as follows: - The price gap has left a significant imbalance that needs to be filled. - Price is currently in a 8-hour demand zone that previously caused a Break of Structure (BOS), making it a valid POI. - There is a large pool of liquidity to the upside that needs to be taken. - The setup aligns well with the DXY correlation. - For price to carry on going down it must form a correction to the upside regardless. P.S. If price decides to go lower then we might be in a bearish trend temporarily and will have to look for a new near by supply to capitilise on a shift of trend to the downside. Thats if this 8hr demand doesn't hold.
Long
by Hassan_fx
GBPNZD Approaching Key Resistance – Potential Sell SetupOANDA:GBPNZD is approaching a critical resistance zone that has previously attracted strong selling interest, making it a key level to watch. If rejection signals appear, such as bearish engulfing candles or increased selling volume, I anticipate a move toward 2.19900. However, if the resistance fails to hold, it may open the door for further upside. 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
GBPPLN: Bullish Bounce Expected from Key Support ZoneOANDA:GBPPLN is at a significant demand zone, marked by prior price rejections and strong support level. The current market structure suggests the potential for a bullish reversal at this level if buyers regain control. I anticipate that if the price confirms a rejection from this demand zone, the market may move upward toward the 5.07402 level. If you agree with this analysis or have additional insights, feel free to share your thoughts!
Long
by DanieIM
2
NAS100 Bounces Off Key Support: Targeting 21,820PEPPERSTONE:NAS100 is trading within a rising channel, suggesting a continuation of the bullish trend. The price recently bounced off the lower boundary of the channel, aligning with a significant support level. The structure indicates the potential for further upside, with the next target around the 21,820 level. The bullish scenario assumes that the price maintains its momentum and respects the trendline support. A clear break and retest of the minor resistance zones along the way could confirm this upward movement. However, a break below the channel would invalidate this setup and suggest potential bearish pressure. Let me know your thoughts or if you have an alternative perspective!
PEPPERSTONE:NAS100Long
by DanieIM
1
USDCHF - Buy Setup After Resistance BreakOANDA:USDCHF has broken out of its descending channel and is now pulling back to retest the key breakout zone, which aligns with a critical support level. This retest is crucial in confirming the breakout and establishing bullish momentum. If buyers defend this level and bullish rejection patterns emerge (e.g., bullish engulfing candles or long lower wicks), it could signal the continuation of the upward move. I anticipate a rally toward the 0.91250 level, which has previously acted as a significant area of interest. This setup aligns with the idea of a break-and-retest pattern, offering an opportunity to join the bullish trend at a favorable entry point. ⚠️ Key considerations: Monitor the price action closely for confirmation before entering long positions. If the 0.90650 level fails to hold, a deeper retracement may occur, invalidating the bullish setup. If you agree with this analysis or have additional insights, feel free to share in the comments!
Long
by DanieIM
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
8