EURUSD 29 Jan 2025 W5- Intraday - US Interest Rate / PowellThis is my Intraday analysis on EURUSD for 29 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Tariff Discussions Continue: Still the main factor currently that effects the market and supporting USD with Trump insistence to apply Tariffs Plan.
Powell Press Conference: Today Rate decision is already priced in but the market is waiting for Powell press conference to give clues on what will be the Fed plan with Trump's recent announcements as on one hand, he has expressed a strong commitment to reducing inflation; on the other, his proposed 25% tariffs on imports from Canada and Mexico, set to take effect on February 1, 2025, are anticipated to exert upward pressure on prices.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹With price failing to close above Weak INT High, there is a HP that we are going to target the INT Low which will facilitate the Bullish Swing Pullback.
🔹Price is currently mitigating the 4H Demand and we could see some bullish move to facilitate the LTF pullbacks only.
3️⃣
🔹Expectation is set for price to continue Bearish to facilitate the Daily Bearish Continuation.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Pullback Phase
2️⃣
🔹Swing structure turned bearish after mitigating the Daily Supply zone.
🔹With the bearish BOS, a pullback is expected, currently INT structure is bearish and mitigating the 4H Demand.
🔹Price currently at the extreme of the Bearish INT structure and there is a HP that the Strong INT High could be taken out in order to facilitate the 15m Bearish Swing Pullback Phase.
3️⃣
🔹Expectations is set neutral due to the following:
US Interest Rate decision and Powell Press Conference.
We are currently within the 4H demand and it’s tough to follow the 15m Bearish INT Structure and Short.
Not yet Bullish iBOS to indicate that the 15m Swing Pullback is starting.
SMC
NVIDIA Retesting The Resistance! Sell!
Hello,Traders!
NVIDIA gapped down massively
On the DeepSeek news and
Went further down after the
Opening, but then a gap closing
Move started and the price is now
Retesting the horizontal resistance
Around 130/132$ which also
Happens to be the gap's opening
Level so based on technical analysis
We might be expecting a local
Bearish pullback from the resistance
Sell!
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EUR_GBP BULLISH CORRECTION AHEAD|LONG|
✅EUR_GBP is set to retest a
Strong support level below at 0.837
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 0.8391
LONG🚀
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CRUDE OIL Will Go UP! Buy!
Hello,Traders!
CRUDE OIL made a massive
10% bearish correction but
Then it hit a horizontal support
Of 72.89$ and a bullish rebound
Is already happening so we
Are bullish biased and we will
Be expecting a further move up
Buy!
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EURGBP Testing Resistance – Pullback Toward 0.8407 ExpectedThe EURGBP pair is approaching a key resistance zone, where sellers are likely to step in. The current structure suggests a potential rejection at this level, with the price expected to pull back toward the 0.8407 level, which represents a logical target for this setup.
This setup aligns with the idea of a short-term correction from resistance, offering a potential short opportunity if rejection is confirmed.
NZDSGD - Potential Long from Key Support ZoneOANDA:NZDSGD is approaching a key support level that has previously acted as a strong demand zone, leading to bullish momentum. The recent decline into this area suggests a potential opportunity for buyers to step in and push prices higher.
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
EURCAD: Sell Setup After Impulsive Move to ResistanceFOREXCOM:EURCAD is approaching a significant resistance zone, marked by historical price rejections. This level aligns with a key area of interest where sellers have previously regained control, causing substantial bearish moves.
The current market structure suggests that a potential rejection could occur if price action confirms it. If we observe bearish signals, such as a bearish engulfing candle or clear wicks rejecting the zone, the market may reverse and head lower.
I anticipate that if sellers take control, the price could move downward toward the 1.50000 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.
BTCUSDT Fresh Short Setup: Targeting Key Support Zones with SMC Description:
This trade setup presents a Bitcoin short opportunity on the 4H timeframe using the Smart Money Concepts (SMC) framework. After a significant reaction from the supply zone, Bitcoin's price structure aligns with bearish confluences, signaling potential downside. Additionally, external events, such as the recent announcement of China's AI application "DeepSeek," may have amplified market volatility, further supporting the setup.
Trade Setup:
Entry:
Between 103,300 and 104,500
Take-Profit Levels (TP):
101,897
99,825
97,565
95,208
Stop Loss (SL):
Above 105,975
Analysis and Confluences:
Market Structure:
Bitcoin remains in a bearish trend on the 4H timeframe, with consistent lower highs and lower lows.
Supply Zone:
The price is entering the 103.3k–104.5k supply zone, a key resistance area where sellers are expected to dominate.
Fibonacci Confluence:
This zone overlaps with the 0.618–0.786 Fibonacci retracement levels, a high-probability reversal area.
Liquidity Sweeps:
Liquidity above previous highs has been swept, leaving the path clear for potential downside.
Bearish Targets:
The targets align with previous demand zones and liquidity pools at 101,897, 99,825, 97,565, and 95,208.
Trade Plan:
Confirmation: Wait for bearish price action signals or smaller timeframe BOS (Break of Structure) within the supply zone before entering.
Risk Management: Adjust position size to keep risk within acceptable levels. After reaching TP1, move your stop loss to breakeven and secure partial profits.
Final Note: While bearish bias dominates, unexpected macroeconomic events can cause reversals, so use tight risk management.
GBPZAR Approaching Resistance Zone: Potential Sell SetupOANDA:GBPZAR is approaching a key resistance zone, a level defined by previous price rejections and significant selling pressure. While the current bullish momentum may drive the price into this area, there is a strong probability of a correction once the zone is tested.
If sellers regain control, a rejection at this resistance area could lead the price to drop toward the 23.2084 level. This setup aligns with the expectation of a short-term correction after an impulsive move.
I'll wait for clear rejection signals, such as bearish engulfing candles or strong wicks, before taking action. Let me know if you agree with this analysis or if you have additional insights to add!
EURUSD at Key Support: Bullish Continuation Ahead?OANDA:EURUSD is trading within a well-defined ascending channel, indicating a bullish trend. The price has recently pulled back into a demand zone, which has previously acted as strong support. This confluence of support and the lower boundary of the channel suggests the potential for a bullish continuation.
If the price confirms a rejection from this zone, I anticipate an upward move toward the 1.05200 level, which aligns with the previous resistance level. However, a breakdown below the demand zone and channel support would invalidate this setup and signal possible bearish pressure.
This setup aligns with the idea of trend continuation within an ascending channel. Let me know your thoughts or if you have any alternative perspectives!
EURUSD 28 Jan 2025 W5- Intraday - US Durable Goods & ConfidenceThis is my Intraday analysis on EURUSD for 28 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Tariff Discussions Continue: President Trump and Treasury Secretary Scott Bessant focused on tariff policies in their recent statements.
Bessant's Proposal: Bessant suggested a universal tariff starting at 2.5%, with a gradual monthly increase of 2.5%, potentially reaching up to 20%.
Trump's Tariff Plans: President Trump announced plans to impose tariffs on computer chips, pharmaceutical producers, and industries like steel, aluminum, and copper.
Trump's Push for Higher Tariffs: Trump expressed a desire for tariffs significantly higher than 2.5%, contradicting Bessant's proposal. This added further uncertainty to the market.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹With price failing to close above Weak INT High, there is a HP that we are going to target the INT Low which will facilitate the Bullish Swing Pullback.
🔹Price is currently mitigating the 4H Demand and we could see some bullish move to facilitate the LTF pullbacks only.
3️⃣
🔹Expectation is set for price to continue Bearish to facilitate the Daily Bearish Continuation.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Pullback Phase
2️⃣
🔹Swing structure turned bearish after mitigating the Daily Supply zone.
🔹With the bearish BOS, a pullback is expected during the session today as we are mitigating the 4H Demand zone.
3️⃣
🔹Expectation is set to continue bearish to facilitate the 4H Swing pullback and Daily Bearish continuation.
Yesterday, the chart dropped sharply. What should we do next?Based on the plan I made for the week, I anticipated that the price of XAUUSD wouldn’t drop below 2735. However, the result was that on just Monday alone, the chart dropped significantly, breaking through all 3 demand zones I had planned for.
Therefore, today we’ll adopt a day-to-day strategy. For today, the focus will be on selling since the price has shifted CHoCH at 2735 in both H1 and H4. We will wait for the chart to retrace to our POI zone , form a CHoCH in the smaller timeframe , and then look for an entry point from the newly created supply zone."
AUDUSD - Potential Bullish Continuation SetupOANDA:AUDUSD is currently trading within a well-defined ascending channel, reflecting a strong bullish market structure. The price is approaching a key support zone, which aligns with the lower boundary of the channel.
If the price holds at this support and buyers step in, a bullish continuation toward the 0.63380 level is likely, making it a reasonable target for an upward move.
Trade Considerations:
Wait for confirmation of buying pressure before entering a position.
Monitor for invalidation if the price breaks below the demand zone and the channel boundary, as this would signal potential downside momentum.
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
Gold Approaching Major Resistance – Will It Drop to 2,736$?OANDA:XAUUSD is nearing the upper boundary of an ascending channel, which aligns with a major resistance zone. This area has acted in the past as a reversal point, making it a key level to watch for potential bearish movements.
If the price confirms rejection at this level, I anticipate a move downward toward the 2,736$ level, consistent with the channel’s structure and a nearby support zone. Conversely, if this resistance is breached, it could signal increased buying pressure and a continuation of the bullish trend.
GOLD REBOUND AHEAD|LONG|
✅GOLD is approaching a demand level of 2720$
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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GOLD Support Ahead! Buy!
Hello,Traders!
GOLD is making a local
Bearish correction while
Trading in an uptrend
So after it hits the
Horizontal support of 2720$
And after the retest we
Will be expecting a
Local bullish rebound
Buy!
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EURAUD: Sell Setup at Key Resistance Zone OANDA:EURAUD is testing a significant resistance zone, a level where price has historically struggled to break higher. This area represents a potential reversal point, as the market structure suggests sellers may regain control.
If the price confirms a rejection at this resistance zone, I anticipate a potential move downward toward the 1.65600 level, which represents a logical target for this setup.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!