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Supply_and_demand

GBPCHF Approaching Key Resistance: Will Sellers Target 1.12630?OANDA:GBPCHF is approaching a significant resistance zone, marked by prior strong price rejections and selling pressure. This area has historically acted as a strong supply zone, suggesting the potential for a bearish reversal if sellers step in. The current market structure indicates that if the price confirms rejection within this zone, we could see a move downward toward the 1.12630 level. This target aligns with the broader range-bound behavior observed in the pair. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles or strong rejection wicks, to validate potential short positions.
Short
by DanieIM
1
AUDNZD at Key Resistance: Will It Drop To 1.10650?OANDA:AUDNZD is at a significant resistance area that has consistently acted as a barrier for bullish momentum. The recent price action suggests a potential for sellers to step in and drive prices lower from this zone. If rejection signals, such as bearish engulfing candles or upper wicks, appear, I expect a move toward 1.10650. A break above this resistance, however, could indicate a shift in market sentiment. Traders should wait for confirmation before entering short positions and ensure proper risk management. If you have any thoughts or agree with this analysis, I’d love to hear your perspective in the comments!
Short
by TrendDiva
EUR.USD Longs from 1.02600My EU long idea is based on the strong bullish pressure seen after price filled last week’s gap. I’ll be looking for buying opportunities once price mitigates my 11-hour demand zone near the bottom. However, I’ll remain cautious since this area has already been mitigated in last week’s forecast. If price pushes higher instead, I expect it to mitigate the 6-hour supply zone, which originated from a Break of Structure (BOS) and was reinforced by a Change of Character (CHOCH). From there, potential short opportunities could arise around 1.03800 for a move back down. Confluences for EU Buys: - EU has been very bullish, making this a pro-trend setup. - The market structure remains strong, forming higher highs and higher lows. - There is significant liquidity to the upside along with well-defined supply zones. - The clean 11-hour demand zone previously caused an impulsive move, making it a strong area of interest. Note: If price breaks below the 11-hour demand zone, I expect EU to turn bearish for a short period. Have a great trading week!
Long
by Hassan_fx
AUDCHF at Key Resistance: Reversal Toward 0.56810?OANDA:AUDCHF has reached a significant resistance level, marked by prior price rejections and strong selling pressure. This area has historically acted as strong supply, suggesting the potential for a bearish reversal if sellers regain control. If the price confirms a rejection within this supply zone, I anticipate a move downward toward the 0.56810 level, aligning with the broader range structure and the next key support area. Traders should look for bearish confirmation signals, such as bearish engulfing candles or strong rejection wicks, before entering short positions.
Short
by DanieIM
2
US DOLLAR at Key Support: Will Price Rebound to 108.200?TVC:DXY is currently testing a key support zone, an area where the price has previously shown strong bullish reactions. The recent price action suggests that buyers may step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a bounce from this level. If buyers regain control, the price could move toward the 108.200 level. However, a breakout below this support would invalidate the bullish outlook, potentially opening the door for further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
TVC:DXYLong
by TrendDiva
11
COPPER at Key Resistance: Reversal Toward 4.4380?PEPPERSTONE:COPPER has reached a key resistance level, marked by previous price rejections and significant selling pressure. This area has historically acted as a strong supply area, suggesting the potential for a bearish reversal if sellers regain control. The current market structure indicates that if the price confirms rejection within this supply zone, we could see a move downward toward the 4.4380 level, which represents a logical target within the current market structure Traders should watch for bearish confirmation signals, such as bearish engulfing candles or rejection wicks, before entering short positions.
PEPPERSTONE:COPPERShort
by DanieIM
1
SILVER at Key Resistance Zone - Sellers Ready to Step In?OANDA:XAGUSD is testing a key resistance zone, an area that has previously triggered strong selling pressure, making it a key level to watch. If rejection occurs at this zone, such as through wicks, bearish engulfing patterns, or an increase in selling volume, sellers could regain control and drive the price lower toward the 31.650 target. This aligns with a short-term pullback scenario within the broader market structure. However, a sustained breakout above this resistance would invalidate the bearish outlook, potentially opening the door for further upside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
FOREXCOM:XAGUSDShort
by TrendDiva
1
ZINC at Key Support Zone: Bullish Rebound ExpectedEIGHTCAP:XZNUSD has reached a significant demand zone, marked by historically strong support and high buying interest. The current market structure suggests the potential for a bullish rebound from this area. If the price confirms a rejection from the support zone, I anticipate an upward move toward the 2,850 level. This scenario would signal a short-term trend reversal or a corrective move. However, a clear break below the support zone would invalidate this setup and indicate potential continuation of the bearish momentum. Let me know your thoughts or if you have a different perspective!
EIGHTCAP:XZNUSDLong
by DanieIM
GBPUSD at Key Resistance: Will Sellers Push Toward 1.24280?OANDA:GBPUSD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. This level has historically acted as a key supply area, increasing the likelihood of a bearish bounce if sellers regain control. With the price now testing this resistance, I anticipate a potential downward move toward the 1.24280 level, aligning with the broader bearish market structure. This setup suggests the possibility of a retracement after the recent upward movement. Traders should watch for confirmation signals, such as bearish engulfing candles or rejection wicks, to validate the potential for a reversal.
Short
by DanieIM
3
EURAUD Approaching Key Support: Potential Buy SetupOANDA:EURAUD is approaching a significant demand zone, marked by prior price reactions and strong buying interest. This zone has historically acted as a reliable support area, suggesting the potential for a bullish rebound if buyers regain control. The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 1.66105 level. Traders should look for bullish confirmation signals, such as bullish engulfing candles or higher lows, to validate potential long entries.
Long
by DanieIM
2
EURJPY at Key Support: Will Buyers Push Toward 159.570?OANDA:EURJPY has reached a significant support zone, marked by prior strong price reactions and substantial buying interest. This level has historically acted as a demand area, suggesting the potential for a bullish rebound if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, we could see a move upward toward the 159.570 level, aligning with a logical retracement within the broader market context. Traders should watch for bullish confirmation signals, such as bullish engulfing candles or higher lows, before entering long positions.
Long
by DanieIM
1
USOIL Breaks Key Support: Targeting 70.50TVC:USOIL has broken a key support zone and retested it, confirming strong bearish momentum with clear rejection candles. The previous support has now flipped to resistance, further reinforcing the likelihood of continued downside movement. With this rejection confirmed, I anticipate a move downward toward the 70.50 level, aligning with the prevailing bearish trend. This setup suggests a high probability of bearish continuation in the near term. If you have anything to add or a different perspective, I’d love to hear from you in the comments!
TVC:USOILShort
by DanieIM
1
EURAUD at Key Support Level - Will Price Rebound to 1.66110?OANDA:EURAUD reached a key support level, an area where buyers have previously shown strong interest. The recent bearish movement suggests that price is testing this level, potentially setting up for a rebound. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would strengthen the case for a move higher. If buyers step in, the price could rally toward the 1.66110 target. However, a decisive breakdown below this support would invalidate the bullish scenario and could lead to further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Long
by TrendDiva
1
HKDJPY - Potential Sell After Support BreakOANDA:HKDJPY has successfully broken a support level and it may be retesting it as resistance. If the price confirms resistance at this retest, I anticipate a bearish move toward 19.64974 level. Conversely, a failure to hold resistance could indicate a continuation of the bullish trend. Traders should look for bearish confirmation signals, such as bearish engulfing candles or increasing sell volume, before entering short positions. Agree with this analysis? Let’s discuss further in the comments section!
Short
by TrendDiva
2
WHEAT at Key Resistance Zone - Sellers Ready to Step In?PEPPERSTONE:WHEAT is approaching a key resistance zone, an area that has previously triggered strong selling pressure, making it a key level to watch. If rejection occurs—such as wicks, bearish engulfing patterns, or a shift in momentum—sellers could regain control, driving the price lower toward the 559.0 target. This aligns with a short-term pullback scenario within the broader market structure. However, a sustained breakout above this resistance would invalidate the bearish outlook, potentially opening the door for further upside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
PEPPERSTONE:WHEATShort
by TrendDiva
EURJPY Approaching Key Support - Buying Opportunity Ahead?OANDA:EURJPY is approaching a key support zone, an area where the price has previously shown strong buying interest. The recent price action suggests that buyers may step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, a bullish engulfing candle, or long lower wicks, would increase the probability of a bounce from this level. If buyers regain control, the price could move toward the 160.080 level. However, a breakout below this support would invalidate the bullish outlook, potentially opening the door for further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Long
by TrendDiva
1
STOXX50: Bullish Momentum in Play - Is 5,345 the Next Target?PEPPERSTONE:EUSTX50 remains within a well-defined ascending channel, with price currently bouncing off a key support area. This suggests a continuation of the broader uptrend, targeting the upper channel boundary. A short-term pullback could offer a potential entry opportunity. If buyers step in and confirm strength through candlestick patterns like bullish engulfing or hammer formations, momentum could drive price higher toward the 5,345 level. A breakdown below the channel's lower boundary, however, would invalidate the bullish outlook and signal a potential shift in market direction.
ICMARKETS:STOXX50Long
by TrendDiva
1
EURZAR Approaching Demand Zone – Bullish Bounce ExpectedOANDA:EURZAR is approaching a key demand zone. Previously, this area has acted as strong support, leading to bullish reversals. The current price action suggests buyers might step in again, potentially driving the price higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a rebound. If buyers regain control, the price could move toward the 19.39600 level. However, a break below this demand zone could invalidate the bullish outlook, potentially opening the door for further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Long
by TrendDiva
1
EURSEK at Key Demand Zone: Will Buyers Push Toward 11.396?OANDA:EURSEK has reached a significant demand zone, marked by prior strong price reactions and substantial buying interest. This level has historically acted as a support zone, suggesting the potential for a bullish rebound if buyers step in. The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 11.3966 level, aligning with a logical retracement within the broader market context. Traders should watch for bullish confirmation signals, such as bullish engulfing candles or higher lows, before entering long positions.
Long
by DanieIM
1
GBPNZD Approaching Support Level: Rebound Toward 2.19400?OANDA:GBPNZD is approaching key support level, marked by prior price reactions and strong buying interest. This level has historically acted as reliable demand area, signaling the potential for a bullish reversal if buyers regain control. The current market structure suggests that if the price confirms a rejection from this demand zone, we could see an upward move toward the 2.19400 level. This target aligns with a logical retracement within the broader market context. Traders should monitor for bullish confirmation signals, such as bullish candlestick patterns or a series of higher lows, before considering long positions.
Long
by DanieIM
1
WMT Showing Bullish Momentum – Move Toward $99.00 ExpectedNYSE:WMT is demonstrating strong bullish momentum, driven by consistent price strength and support from key moving averages. The recent price action confirms buyers' dominance, with a clear uptrend evident on the chart. The stock has advanced steadily, breaking out of prior consolidation zones, and is now poised to target the $99.00 level, which serves as the next significant milestone. This setup aligns with the expectation of a bullish continuation, offering a potential long opportunity if pullbacks or consolidations occur near current levels. If you agree with this analysis or have additional insights, feel free to share your thoughts here!
NYSE:WMTLong
by Leo_Marksman
2