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EURCAD at Major Resistance – Short Opportunity Ahead?OANDA:EURCAD is currently testing a significant resistance zone. This area has seen strong selling pressure, leading to notable bearish moves. The recent bullish push into this resistance zone suggests a potential for sellers to regain control. A bearish confirmation, such as rejection candles, bearish engulfing patterns, or long upper wicks, would increase the probability of a downward move. If this scenario unfolds, the price could head toward the 1.49017 level. Traders should remain cautious and wait for clear signs of selling pressure before considering short positions. Proper risk management is essential, given the possibility of a break above the resistance zone.
Short
by TrendDiva
1
SOLUSDT.P / Perpetual / SHORTSOLUSDT pair may come down from the bearish order block. SOLUSDT is positioned at a significant bearish order block between 156.92 and 153.98, which could indicate a potential downturn. Based on Smart Money Concepts (SMC) analysis, the price is currently testing this bearish order block, and we can anticipate that the sellers might begin to exert pressure on the market. There is a high probability that the price will reverse from this zone, as historical price action often respects these levels. Given the current market structure, it is crucial to monitor how price reacts within this zone. The likelihood of a downward move increases as buyers struggle to push the price higher. As always, it's essential to manage risk and consider confirmation before entering a trade. Let's observe how this setup unfolds! I suggest that :- Entry price :- 153.98 Take Profit :- 149.15 Stop loss :- 158.81
Short
by PraveenTrader1
GBPNZD: Bear Trap & Potential Bullish Movement 🇬🇧🇳🇿 GBPNZD is trading within a wide horizontal range on a 4H time frame. Its support was tested yesterday. Analysing the price action on an hourly time frame, we can see a bearish trap, followed by a strong bullish imbalance and confirmed change of character. With a high probability the market will start recovering soon and reach at least 2.124 level. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
#XAUUSD: Created Yearly High, $2200 is very much next Target! Gold reached a record high target yesterday, making a significant move. However, price is still bullish and far from dropping, in our view price can go beyond $2200 or more. March tends to remain bullish as we had explain in our previous ideas and we still suggest the same thing. Price of Gold will be unpredictable. We have possible two entries, if it matches your analysis or bias then do use the idea as learning purpose and manage your own risk. Good Luck
OLong
by Setupsfx_
5
XAUUSD: Imbalance filled, What next?$1990 area had to be filled, we previously had identified this 'imbalance level' and have been waiting for price to fill the area so that we can have a clear view. Since price have filled the area. Now we can see price going towards 2020 and then 2050 only if DXY remain week and other economic data support Gold to rise. In other case, price can drop to 1900$ and rebound from there. We will have to wait and see how prices behave. Good luck and trade safe!
OLong
by Setupsfx_
19
US30 - SMC Idea 4h --> 1h --> 15minUS30 - SMC Idea (4h --> 1h --> 15min) 1- A change of character (CHoCH) on the 4-hour chart creates an Order Block in the same timeframe. 2- We have a change of character (CHoCH) on the 1-hour chart that creates an order block (OB) and a point of interest (POI) with a 4-hour Order Block. 3- We have a Change of character (CHoCH) in 15min that creates an Order block (OB) in 15min and a Point of interest (POI) with 1h & 4h Order blocks.
OLong
by Nabil_OUKHOUMA