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SMC

EURAUD - Potential Short from Resistance ZoneThe EURAUD pair is approaching a significant resistance zone. The current bullish momentum into this area may provide an opportunity for sellers to regain control. A bearish confirmation, such as rejection patterns, bearish engulfing candles, or signs of slowing momentum, would increase the likelihood of a pullback. If the resistance holds, the price could target the 1.66150 level. Traders should monitor for confirmation of selling pressure before initiating short positions. This setup aligns with a potential corrective move within the broader market structure.
Short
by TrendDiva
1
AUDJPY: Bullish Bounce Expected from Key Support ZoneOANDA:AUDJPY is approaching a significant demand zone, marked by prior bullish reactions and strong buyer interest. The current market structure suggests the potential for a reversal in this area if buyers regain control. This demand zone aligns with a key support area. If price action confirms rejection with bullish patterns such as pin bars or engulfing candles, I anticipate a move upward toward the 96.910 level, representing a key resistance. This setup aligns with the expectation of a trend continuation from support. Feel free to share your thoughts or additional insights in the comments!
Long
by DanieIM
EURAUD at Key Resistance: Bearish Bounce ExpectedOANDA:EURAUD is trading near a significant resistance zone, characterized by historical price rejections and strong selling pressure. The current market structure indicates the potential for a reversal if sellers regain control at this level. This resistance zone aligns with a key supply area, suggesting that bearish pressure may emerge. If price confirms rejection with bearish candlestick patterns or signs of exhaustion, I anticipate a move downward toward the 1.66105 level.
Short
by DanieIM
USDCAD at Key Resistance: Bearish Bounce ExpectedOANDA:USDCAD is approaching a significant resistance zone, marked by historical price rejections and strong seller activity in the past. The current market structure indicates the potential for a reversal in this area if price action confirms seller strength. If the price confirms rejection from this resistance zone, I anticipate a move downward toward the 1.43925 level, which represents a logical target within the current market structure What are your thoughts on this analysis? Feel free to share any additional insights or alternative perspectives in the comments!
Short
by DanieIM
1
USDCAD - Potential Short from Key Resistance ZoneThe USDCAD pair is testing a significant supply zone, a level that has consistently acted as resistance in the past. The strong upward momentum approaching this area may lead to a reversal as sellers look to regain control. A bearish confirmation, such as rejection candles (e.g., shooting stars), bearish engulfing patterns, or long upper wicks, would strengthen the case for a short position. If this setup plays out, the price could head toward the 1.43928 level. Traders should monitor price action closely for signs of selling pressure before entering short positions.
Short
by TrendDiva
1
AUDUSD potential buyWith the recent push down of the US index there is a high probably of buying momentum in the Aussie dollar due to weaker US data yesterday. With the SMC indicator in the 4hr time frame we can see a rejection of price to the downside while breaking thought the PML. In my opinion it will race towards TP1 which is a good place to exit since there is an orderblock at that level. If it breaks through that Orderblock you could wait for a pullback & enter to play for TP2 & TP3 or simply just trailstop each time it breaks past a TP level till you get stopped out.
Long
by bethalldaybae
AUDNZD Testing Resistance – Pullback Toward 1.1069 ExpectedAUDNZD is at a significant supply zone, marked by historical price rejections and strong selling pressure in the past. This zone has previously acted as a turning point, where sellers regained control and drove prices lower. The recent bullish rally has brought the price into this critical resistance area. Given the strength of this supply zone, there is a high probability of a bearish reversal if price action confirms rejection (e.g., bearish engulfing candles or upper wicks signaling selling pressure). I anticipate a bearish move toward the 1.1069 level, which represents a logical target for this setup. This setup aligns with the expectation of a potential correction within the broader market context.
Short
by DanieIM
1
GOLD - Potential Bullish Break & Retest SetupGold is currently trading above the $2,700 level, which previously acted as resistance and could now serve as support. If the price pulls back and buyers defend this level, it could confirm bullish momentum, leading to a continuation toward the next target at $2,712. However, failure to hold above the zone may invalidate this setup and signal potential bearish pressure. This scenario aligns with the broader ascending channel structure, suggesting the potential for further upside if key support holds.
FX:XAUUSDLong
by TrendDiva
1