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Supply_and_demand

GBPUSD Trending Lower - Will It Drop To 1.28660?OANDA:GBPUSD is currently trading within a descending channel, indicating a strong bearish trend. The price has recently tested a resistance zone within the channel and appears to be rejecting it, suggesting a potential continuation to the downside. The current market structure implies that if this rejection holds, we could see further bearish movement toward the 1.28660 level, which aligns with the lower boundary of the channel. However, if the price manages to push above the channel with strong momentum, it could signal a shift in trend, potentially leading to a bullish breakout and a move toward higher resistance levels. Traders should look for confirmation signals such as rejection wicks, bearish engulfing candles, or increased selling volume before entering short positions. If you agree with this analysis or have additional insights, feel free to share your thoughts!
Short
by DanieIM
34
EURUSD Maintains Bearish Momentum - Is 1.07500 the Next Target?OANDA:EURUSD is trading within a well-defined descending channel, with price action consistently respecting both the upper and lower boundaries. Recently, the price rejected a key resistance zone, reinforcing bearish momentum and signaling a potential continuation toward lower levels. The current price action suggests that if price continues to respect this resistance, we could see further downside toward 1.07500, aligning with the lower boundary of the channel. However, if price breaks above the channel and sustains above it, the bearish outlook may be invalidated, potentially signaling a shift in momentum. Monitoring price action and volume at this level will be essential for confirmation. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
30
EURCAD Trending Lower - Will It Drop To 1.54670?OANDA:EURCAD is currently trading within a descending channel, indicating a strong bearish structure. The price has broken below a key support zone, which has now flipped to resistance, aligning with a potential bearish continuation. The recent retest of this level held successfully, indicating strong seller interest and reinforcing the bearish outlook. With momentum favoring the downside, the next logical target is 1.54670, aligning with the lower boundary of the descending channel. As long as the price remains below the resistance zone, the bearish bias stays intact. Let me know your thoughts or any additional insights you might have!
Short
by DanieIM
17
ALUMINIUM - Sell Setup at Key Resistance LevelPEPPERSTONE:ALUMINIUM has reached a key resistance zone, marked by strong selling pressure. This area has consistently acted as a turning point, suggesting the potential for another bearish reaction if sellers step in. If the price shows clear signs of rejection from this resistance zone, I anticipate a move downward toward the 2650 level, which serves as a logical target for this setup. Conversely, a clean breakout above the resistance zone could signal a potential bullish continuation. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have
PEPPERSTONE:ALUMINIUMShort
by DanieIM
9
PLATINUM Approaching Key Resistance – Potential Reversal?OANDA:XPTUSD is approaching a significant resistance zone, marked by previous price rejections and strong selling pressure. This level has historically acted as a key supply zone, making it a critical area to watch for potential bearish reactions. The recent bullish momentum has brought price back into this resistance, increasing the likelihood of a pullback if sellers regain control. If rejection is confirmed within this zone, we could see a move lower toward the $1,005 level, aligning with a corrective move after the recent rally. However, a strong breakout above this resistance would invalidate the bearish bias and could lead to further upside. Traders should watch for bearish confirmation signals, such as rejection wicks, a bearish engulfing pattern, or increasing selling volume, before considering short positions. Let me know your thoughts or any additional insights you might have!
OANDA:XPTUSDShort
by DanieIM
28
NZDCAD at Key Resistance Level: Will it Drop To 0.82350?OANDA:NZDCAD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers regain control. The current market structure suggests that if the price confirms a rejection from this resistance zone, there is a high likelihood of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 0.82350 level, which represents a logical target within the current market structure. However, a break above this resistance level would invalidate the bearish bias and could lead to further upside. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 🚀
Short
by DanieIM
31
GBPJPY at Key Resistance Level: Will it Drop To 192.000?OANDA:GBPJPY is currently trading at a key resistance zone, where sellers may regain control. This level has been a strong area of interest in the past, suggesting the potential for another bearish reaction if sellers step in. If the price confirms rejection from this zone, a move lower toward 192.000 is likely. However, a strong breakout above could invalidate this setup, shifting momentum back to the bulls. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have!
Short
by DanieIM
12
For those of you who bought XRP...I've known about COINBASE:XRPUSD for over a decade now. Time has brought tons of rumors, tons of hype, and tons of mistakes still being made by those new and experienced alike. For those of you holding strong pre $1.00, I commend you. For those of you who are bought high and are now riding the emotional roller coaster, consider these 3 things before you make a decision. 1. We are DIRECTLY in the middle of the range Over 3 months of consolidation has taken place. With a high of 3.40 and a low of 1.70, this is a range for advanced traders. If you bought around 2.00 or under, Congrats! even though you didn't get in pre $1.00, there are alot of Big buyers that have been scooping up XRP at the 2.00 level. For those of you that Bought 2.50 and above. Ask yourself why you purchased XRP? I ask you; Did you buy XRP to trade? or to invest? No they are not the same thing. Investing is long term, 3-5 years+. Trading is dealing with much shorter time windows, even if you are swing trading, Trading is Trading, and this takes a different skill set and mindset. so if you are investing, be happy that XRP is lower in price. if big money is Buying at 2.00, there is nothing stopping you from doing the same. If you are a beginner trader, consider our last point. Buy with Buyers, Sell with Sellers Sounds simple right? Here is something you may not know. Liquidity is what moves markets. If you have 100million that you have to invest for your clients in XRP, do you slap the market button? Absolutely not, in fact, you want to make yourself as small looking as possible. Why? YOU NEED PEOPLE TO SELL INTO YOU. Big firms (unless through dark pools) have algorithms make themselves look as small as possible, whilst accumulating and distributing shares efficiently. At the end of the day, These are the big players that move the markets big. Do you need to know this? Not necessarily for the technical side, but for your emotions, your psychology? Yes this is important. Find the buyers and sellers (I have them marked in my chart), and learn to play alongside them. You will get better pricing, feel great about your positions, and know if it goes against you, you can cut the trade off early and reposition. Hope you enjoyed, and happy Trading!
COINBASE:XRPUSD
by thecafetrader
EURJPY: Potential downward move towards 161.00?OANDA:EURJPY is currently approaching a significant resistance zone, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume. If the resistance level holds, I anticipate a downward move toward 161.00, a target that seems at least achievable. This would more likely be a call on a bearish outlook, as sellers may step in to push the price lower from this key level. However, if the price breaks this zone and sustains the up move, the bearish outlook may be invalidated, and we could potentially see a larger upside move. Given the potential volatility around this zone, it’s crucial to monitor candlestick patterns and volume closely to identify strong selling opportunities. Proper risk management is essential to handle any potential volatility and protect your capital if the price breaks out.
Short
by TrendDiva
21
USDNOK - Buy opportunity towards 10,8300?OANDA:USDNOK is testing a clear support area, marked by previous bullish reversals and strong buyer interest. The recent bearish move into this zone suggests a potential buying opportunity if buyers confirm control. If bullish signals, such as strong rejection wicks or bullish candlestick patterns, emerge, I anticipate an upward move toward 10,8300. If the support fails to hold however, further downside could be expected. Remember, always confirm your setups and trade with solid risk management.
Long
by TrendDiva
8
COPPER Approaching Key Resistance — Potential Sell SetupPEPPERSTONE:COPPER is approaching a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in. The current market structure suggests that if the price confirms resistance within this zone, we could see a pullback toward the 4.7100 level, a logical target based on previous price behavior and current market structure. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
PEPPERSTONE:COPPERShort
by TrendDiva
21
AUDCAD Approaching Key Resistance — Potential Sell SetupOANDA:AUDCAD is approaching a key resistance zone, highlighted by strong selling interest. This area has historically acted as a supply zone, increasing the likelihood of a bearish reversal if sellers step in. The current market structure suggests that if the price confirms resistance within this zone, we could see further downside movement. A successful rejection could push the pair toward 0.90700, a logical target based on prior price behavior and the current structure. However, if the price breaks and holds above this resistance, the bearish outlook may be invalidated, potentially leading to further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
27
NZDJPY at Key Support Level - Rebound Towards 87.300?OANDA:NZDJPY has reached a significant support zone, highlighted by previous price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bounce if buyers step in. The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward the 87.300 level, a logical target based on previous price behavior and current market dynamics. Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
20
Gold’s Meteoric Rise: What’s Next After Breaking $3,000?Yesterday, TRADENATION:XAUUSD broke the $3,000 mark, a significant achievement from multiple perspectives. As I mentioned yesterday, I didn’t expect the price to revisit the $2,950 support level, as it seemed too obvious. Unfortunately, my pending order at $2,970 wasn't triggered either, as the bulls were too strong, quickly forming a new support at $2,980. This forced me to trade the breakout of the rectangle pattern, something I typically avoid —trading breakouts. Now that we’ve reviewed the situation, let’s take a closer look at what we might expect in the near future. Current Trend: Strong Upward Momentum As is evident to everyone, gold is in a powerful uptrend, and trying to sell is risky. The key strategy here is to focus on buying on dips, rather than trying to catch a top. The first level to keep an eye on for potential buy opportunities is the $3,000 mark, followed by the support formed yesterday at $2,980. Both of these levels are crucial in maintaining the bullish structure of the market. If the price dips to these levels and holds, they could provide excellent entry points for long positions. Target Zones: Understanding Potential Resistance Levels While targets in a ATHs defined market are arbitrary, historical price movements in gold suggest that certain price levels tend to act as either support or resistance. Specifically, levels in at $20, $40, $60, and $80 ranges have historically been key turning points. Given this, if gold continues its ascent, targets at $3,020 and $3,040 could be reasonable. These levels align with the typical points that gold has faced during strong movements. Looking Ahead: Volatility and Potential for Extreme Moves Expect extreme volatility as gold continues to push higher. The bullish sentiment is strong, but with high volatility comes both risk and opportunity. Keeping a watchful eye on key levels, such as the $3,000 and $2,980 support zones, will be crucial for gauging potential retracements and entry points. In conclusion, the strategy moving forward should focus on buying on dips, with an eye on $3,020 and $3,040 as logical targets for the next phase of gold's rally. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDLong
by Mihai_Iacob
1
AMAZON at Key Support Level – Rebound Towards $230?NASDAQ:AMZN is currently in a corrective phase after rejecting from the upper boundary of the ascending channel. The price has now reached a key support level within the channel, which aligns with a significant demand zone. The confluence of the support level and the channel's lower boundary increases the probability of a bullish reaction at this point. If buyers step in, the price could rebound and target the $230.00 resistance level, which represents a logical area within the current market structure. However, if this support zone fails to hold, a deeper retracement toward lower levels within the channel could occur, invalidating the bullish bias. This setup reflects the potential for a recovery after the recent decline, supported by historical price action and the channel's structure. If you have additional insights or thoughts, feel free to share them!
NASDAQ:AMZNLong
by DanieIM
99
Market Analysis: EUR/USD (1H Chart)The EUR/USD pair is currently consolidating following a Break of Structure (BoS) to the upside, suggesting a potential shift in market sentiment. The price action indicates a corrective phase after a strong bullish impulsive move. Key Levels: - Resistance: **1.09322** (target zone) - Support: **1.08622** (H1 demand zone) - Current Price: **1.08854** - Market Structure & Outlook : - The price recently formed a **BoS**, signalling a possible bullish continuation. - There is an **order block** within the highlighted demand zone, which could act as a strong support level. - The grey risk-reward box suggests a long position setup, with a stop-loss below **1.08622** and a target near **1.09322**. - Trading Consideration: - If the price retests the **H1 demand zone** and shows bullish confirmation, a long position could be favourable. - A break below **1.08622** could invalidate the bullish bias, shifting momentum to the downside. Overall, the market is currently at a decision point, with bullish continuation likely if key support holds.
Long
by BeaucoupPips
GbpUsd is approaching a strong sell zoneExactly one week ago, I pointed out that while TRADENATION:GBPUSD strength persists, the pair is approaching a significant sell zone , starting at the psychological level of 1.30. This level was touched recently, and the pair is currently fluctuating within this range now. My view remains the same: GBP/USD is likely to experience a drop in the near future, and I’m now looking for potential entries for a swing trade. As mentioned before, 1.30 is a key psychological level, with the technical resistance just above it at 1.3050. Additionally, GBP/USD is known for its volatility, and this resistance zone extends slightly above 1.31. In conclusion, traders should consider selling rallies, with a target around 1.27, aiming for at least a 1:2 risk-to-reward ratio when setting their stop loss. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Short
by Mihai_Iacob
2
Alts- Will they drop further? (+name your alt)In my early February analysis on altcoins , I noted that while a bounce was likely after the sharp drop triggered by Trump’s initial tax remarks, the $1.3T level would act as strong resistance. I expected another decline once this resistance was confirmed— which is exactly what happened, as the market reached that level and began to drop again. After multiple tests of the rising trendline that began in October 2023, last week saw a breakdown, with price finding support just above $900B (an important level as we can see from the posted chart). But was that the full extent of the drop? In my view, we are far from being in the clear, and further declines seem likely. Technically, the rising trendline has been broken, and the recent rebound appears to be corrective rather than the start of a sustained recovery. As long as the price remains below the $1.15T–$1.2T zone, I see a high probability of the market breaking under 900B zone support and reaching $700B in the coming months.
CRYPTOCAP:TOTAL2Short
by Mihai_Iacob
28
GBP/JPY TODAY EXPECTED MOVERight now, we are analyzing the GBPJPY 1-hour time frame chart. My bias for today is towards the sell side, and I will be looking to sell the market today. As you can see on the chart, these are our key levels. Once the market price reaches our key levels and POI, we will wait for confirmation whether the price shows a bearish confirmation or forms a reversal candlestick pattern, so we can find the ideal entry point for our trade and execute it with precision. The most important thing to remember is to always wait for confirmation. Make sure to always use a stop loss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis. Let's see what happens. #GBPJPY 1H Technical Analysis Expected Move.
Short
by TradeTacticsreal
1
USOIL at Critical Support – Rebound Toward 73$?TVC:USOIL has reached a major demand zone, an area that has historically acted as strong support. This region has previously triggered sharp rebounds, making it a key level to watch for a potential bullish reaction. The recent sell-off has pushed the price deep into this zone, and early signs of rejection could indicate that buyers are stepping in. If support holds, we could see a recovery toward $73, aligning with a corrective move. However, if price fails to hold and breaks decisively below this zone, it would signal continued weakness, opening the door for further downside, possibly targeting the next support area. Traders should wait for confirmation, such as bullish price action, increased buying volume, or key reversal patterns before committing to long positions.
TVC:USOILLong
by DanieIM
16
S&P 500 Reaches Major Support – Will Buyers Take Control?SP:SPX is experiencing a corrective move after rejecting from the upper boundary of the ascending channel. The price has now reached the lower boundary of the channel, aligning with a key demand zone. This confluence of trendline support and horizontal demand increases the probability of a bullish reaction from this level. If buyers maintain control at this level, we could see a rebound toward the 5,936 level, which aligns with the midline of the ascending channel. This level could serve as a short-term target within the current bullish market structure. However, failure to hold above this support zone could invalidate the bullish outlook, and signal further downside. Traders should monitor bullish confirmation signals, such as rejection wicks, rising volume, or bullish engulfing patterns, before entering long positions. If you agree with this analysis or have additional insights, feel free to share your thoughts here!
OANDA:SPX500USDLong
by DanieIM
40
EURUSD at Key Resistance Level – Will Sellers Step In?OANDA:EURUSD has reached a key resistance level, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in. If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.07400 level. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction. Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management.
Short
by TrendDiva
39