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.
Smctrading
CADCHF – Potential Short Opportunity on RetestCADCHF has broken below a key support zone, indicating a shift in momentum to the downside. This zone previously acted as support and may now turn into resistance, aligning with the break-and-retest strategy.
A bearish confirmation, such as rejection candles, a bearish engulfing pattern, or slowing bullish momentum, would strengthen the case for continued downside. Should this scenario play out, the next target for sellers would be around the 0.63387 level.
Traders should remain patient and wait for the price to revisit the resistance zone and provide clear rejection signals before considering short positions.
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.
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.
GBPCHF - Bullish Setup at Key Support ZoneThe GBPCHF pair is currently testing a key demand zone, where previous price reactions suggest potential for a bullish reversal. This area has historically been a support level, indicating that buyers could regain momentum at this juncture.
A confirmation of bullish sentiment, such as the emergence of a bullish candlestick pattern or a strong rejection wick, would reinforce the likelihood of a rebound. Should this scenario unfold, the price could target the 1.12417 level.
What are your thoughts on this outlook?
XAUUSD: Bullish Momentum Heading for Key ResistanceXAUUSD is trending within an ascending channel and is currently respecting its structure. Price action is approaching the upper boundary of the channel, which aligns with the marked resistance zone near 2705.302. This area may act as a supply zone, triggering retracements or reversals.
A short-term pullback toward the mid-channel or the highlighted demand zone near 2684.00 could occur before a continuation toward the 2705.302 target. Traders should look for bullish continuation patterns, such as a breakout above resistance or higher lows on the pullback, to confirm further upside potential. Conversely, a break below the demand zone might indicate bearish momentum.
AUD/JPY (15-Minute Chart)Anticipating price retracement to mitigate the DEC OB or SMT zone, followed by bearish continuation targeting lower lows. Extreme OB serves as an alternative rejection area.
Use proper risk management when trading these zones.
#AUDJPY #SmartMoneyConcepts #SMC #OrderBlocks #PriceAction
USDCAD: Confirmed Bearish Trap?! 🇺🇸🇨🇦
USDCAD formed a bearish trap with a false breakout of a key daily/intraday
horizontal support.
The trap was followed by a confirmed bullish imbalance and a breakout
of the upper boundary of a consolidation range on a 4H.
With a high probability, the price will rise and reach 1.444 level.
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Market Structure Analysis of GBPUSD Using SMCOn the 4-hour timeframe, the main is downtrend.
On the 1-hour timeframe, the main is uptrend.
On the 15-minute timeframe, the price shows a bullish reversal signal.
Therefore, there is a possibility that the price will rise and break through the previous high.
XAUUSD Market Structure Analysis on 4 Hour Timeframe- Day swing is bullish => current is pullback
- 4H swing is bearish.
- 4H internal is bullish => current is pullback.
- M15 swing is bullish.
On the 4 hour time frame the current price is in the demand zone of the internal wave.
So we can buy up according to the increasing structure of the 15 minute time frame.
Wave structure of ZEC coin in day time frame- DAY is swing bullish=> current is pullback
- 4H is swing bearish => current is pullback
The daily time frame is in an uptrend. The 4-hour time frame is in a downtrend. Therefore, we can buy when the price reaches the demand zone of the daily time frame or at the 4-hour time frame for a bullish reversal signal.