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.
SMC
APPLE - Bullish Setup at Channel SupportApple stock has recently rejected a significant support zone, which aligns with the lower boundary of the ascending channel. This rejection was accompanied by a strong bullish candlestick, signaling renewed buying momentum. The price is now positioned for a potential move toward the $250.00 level.
This setup suggests further bullish continuation as long as the support zone holds. Traders may look for additional signs of buying strength as the price approaches higher levels.
SOLUSDT - Potential Buy Key Support LevelThe SOLUSDT pair is currently trading near a key demand zone, which has been a strong support area in the past. This level aligns with prior price reactions, suggesting a potential area where buyers may step in to drive the price higher.
The current market structure shows consolidation around this demand zone, hinting at a possible reversal if the price confirms support. A bullish bounce from this zone could lead to a move toward the $207.87 level, which aligns with a key resistance area and a potential target for this setup.
Traders should look for confirmation of a reversal, such as bullish candlestick patterns (e.g., engulfing candles or pin bars) or a break of short-term resistance to confirm the upward move.
Let me know your thoughts or if you see this differently! Feel free to share your insights in the comments.
DXY STRONG UPTREND|LONG|
✅DXY is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the index is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above at 110.289
LONG🚀
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GOLD: Short Setup from Key ResistanceThe XAUUSD pair is testing a key resistance zone, where selling pressure may emerge. The current structure suggests a potential short-term pullback as price consolidates at this level.
If the price confirms rejection from this resistance zone, I anticipate a move downward toward the $2,680.96 level, which aligns with prior price reactions and serves as a logical short-term target.
This setup aligns with the idea of a minor correction from resistance, offering a potential opportunity for a short-term trade.
GOLD – Potential Bullish ContinuationGOLD has recently broken above a key resistance level, signaling sustained bullish momentum within the broader ascending channel structure. This breakout aligns with the ongoing upward trend, reflecting the market's current bullish sentiment.
If the price revisits the $2,678.17 level for a retest and displays strong bullish confirmation—such as a rejection pattern, bullish engulfing candles, or consistent buying pressure—it would strengthen the case for further upside potential. Should this scenario unfold, the next target for buyers is the $2,691.72, a level that has previously attracted significant selling interest.
This setup reflects the broader bullish structure, offering potential opportunities for continuation trades. However, a failure to hold the retest level or a breakdown of the ascending trendline could challenge this outlook.
Traders are encouraged to monitor price action closely at the retest zone for clear signs of bullish momentum before committing to long positions.
How To Do Multi-TimeFrame Analysis With TradingViewHey,
In this video I provide the two key laws that helped me with trading;
1. An imbalance on the higher time-frames is a range on the lower time-frames.
2. A run on the higher time-frames is a trend on the lower time-frames.
From this point of view, I share with you how I analyze the charts from Monthly to Weekly to Daily chart, and how I like to time the next few days of price-action.
The chart I use in this tutorial is GBP/USD.
Kind regards,
Max Nieveld
AUD-CAD Bearish Bias! Sell!
Hello,Traders!
AUD-CAD is trading in a
Downtrend and the pair made
A retest and the pullback
From the horizontal resistance
Level of 0.8910 so we are
Bearish biased and
We will be expecting a
Further bearish move down
Sell!
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Check out other forecasts below too!
USD_CAD WILL GO UP|LONG|
✅EUR_USD is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the resistance above at 1.4440
LONG🚀
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EURCAD: Bearish Continuation from Supply ZoneThe EURCAD pair is trading within a descending channel, indicating a bearish market structure. The price is currently approaching a key supply zone, which aligns with the channel's upper boundary.
If the price confirms rejection at the supply zone, I anticipate a bearish move targeting the 1.46527 level, which represents a logical target for this setup.
This setup suggests a continuation of the bearish trend. Traders should watch for confirmation signals, such as bearish candlestick patterns or rejections around the supply zone, before considering short positions.
AUDCAD: Bearish Continuation SetupThe AUDCAD pair is trading within a descending channel, indicating a bearish market structure. The price has retraced into a key supply zone, which aligns with the channel's upper boundary and previous lower highs.
Because the price rejected at this zone, I anticipate a bearish move toward the 0.88300 level, which aligns with a key support zone on the higher time frames.