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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
USDCAD - Buy Opportunity After Resistance BreakOANDA:USDCAD has broken above a critical resistance level and is aligning with bullish trend continuation by retesting this level as support. If the support holds, I expect a move upward toward 1.45300, aligning with the bullish trend. Conversely, if the support is broken, the bullish outlook could weaken, paving the way for further declines. Traders should monitor this zone closely for signs of buyer strength before taking long positions. Do you see this playing out similarly? Let’s discuss in the comments below!
Long
by DanieIM
GBPNOK at Key Support: Will It Surge to 14.04732?FOREXCOM:GBPNOK is trading at critical support zone that has historically led to strong bullish reactions. The recent price action suggests that this area may act as a base for a potential upward move. A strong bullish candle has confirmed the setup, signaling potential upward movement toward the 14.04732 level. However, if the price fails to maintain this momentum or hold key support, the bullish scenario could be invalidated, opening the door for further downside. What’s your outlook on this setup? Share your ideas or feedback in the comments below!
Long
by DanieIM
GBPJPY: Bullish Setup at Support LevelThe GBPJPY pair is approaching a significant support zone which has historically acted as a strong demand area. The overall context implies that buyers may take control at this level, leading to an upward move. I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 193.266 level. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
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
#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
OANDA:XAUUSDLong
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!
OANDA:XAUUSDLong
by Setupsfx_
19