GBPCAD Approaching Key Resistance — Will Sellers Step In?OANDA:GBPCAD is approaching a key resistance zone, a level previously met with strong selling pressure. The market has rejected this level before, indicating the presence of supply and reinforcing the potential for another move lower.
If bearish confirmation follows—such as rejection wicks or strong bearish candles—this could trigger a continuation to the downside, with 1.80080 as the next key target.
However, a breakout above this resistance would invalidate the bearish bias, shifting focus toward higher levels.
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.
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Supply_and_demand
AUDNZD – Potential Long from Key Support ZoneOANDA:AUDNZD is approaching a key demand zone, which has previously led to bullish reversals. The recent downward move brings price into this support area, signaling a potential opportunity for buyers to step in.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candle, or long lower wick, would support the likelihood of an upward move. If buyers regain control, the price could rally toward 1.10500.
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.
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EURCAD - Sell Setup at Clear Resistance ZoneOANDA:EURCAD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to reversals. If the price confirms rejection through bearish price action, such as wicks signaling rejection, I anticipate a move downward toward the 1.49600 level.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside.
Proper risk management is essential, given the possibility of price breaking higher.
This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!
CADCHF Testing Key Support Level - Potential Buy SetupOANDA:CADCHF has reached significant demand zone. This zone has previously acted as a strong area of support, with multiple price reactions indicating buyer interest. The current market structure suggests a potential bullish correction at this level.
The anticipated scenario involves a bullish rejection from the demand zone, leading to a move upward toward the 0.62700 level. This aligns with a short-term correction or a potential shift in momentum if buyers regain control. A bullish confirmation, such as a strong engulfing candle or higher lows forming on the lower timeframes, could strengthen this setup.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
RTX Trending Higher – Targeting 134.68NYSE:RTX is respecting an ascending trendline, signaling strong bullish momentum. The price has recently rebounded from the trendline, maintaining the overall structure of higher highs and higher lows, which aligns with the trend continuation narrative.
I anticipate that if the stock sustains its upward trajectory, it could move toward the 134.68 level. As long as the trendline holds, the bullish outlook remains intact.
Feel free to share your perspective or any insights in the comments!
ADP - Bullish Continuation Toward 315.50NASDAQ:ADP is trading above its ascending trendline, showcasing strong bullish momentum. The price action maintains the pattern of higher highs and higher lows, which supports the case for trend continuation. I expect that if the stock continues this upward movement, it could reach the 315.50 level. The bullish bias remains intact as long as the trendline support is respected.
Feel free to share your thoughts or any additional insights in the comments!
BMY Trending Higher: Targeting 63.30 NextNYSE:BMY is trading within a well-defined uptrend supported by a rising trendline, signaling strong bullish momentum. The price has recently maintained its position above the trendline, reinforcing the overall structure of higher highs and higher lows, which aligns with the trend continuation narrative. I anticipate that if the stock sustains its upward trajectory, it could move toward the 63.30 level.
Let me know your thoughts or if you see the setup differently!
CADJPY - Sell Opportunity After Support BreakOANDA:CADJPY has broken a key support zone, signaling a potential increase in bearish momentum. The price is currently retesting this broken support, which now serves as resistance.
If sellers confirm resistance at this level, the price is likely to move downward toward the 103.970 level, aligning with the prevailing bearish trend. Conversely, a failure to hold resistance could suggest a potential bullish shift.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles or increased selling volume, before considering short positions. Let me know your thoughts or any additional insights you might have!
GBPNZD Approaching Key Resistance – Potential Sell SetupOANDA:GBPNZD is approaching a critical resistance zone that has previously attracted strong selling interest, making it a key level to watch.
If rejection signals appear, such as bearish engulfing candles or increased selling volume, I anticipate a move toward 2.19900. However, if the resistance fails to hold, it may open 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.
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GBPPLN: Bullish Bounce Expected from Key Support ZoneOANDA:GBPPLN is at a significant demand zone, marked by prior price rejections and strong support level. The current market structure suggests the potential for a bullish reversal at this level if buyers regain control.
I anticipate that if the price confirms a rejection from this demand zone, the market may move upward toward the 5.07402 level.
If you agree with this analysis or have additional insights, feel free to share your thoughts!
NAS100 Bounces Off Key Support: Targeting 21,820PEPPERSTONE:NAS100 is trading within a rising channel, suggesting a continuation of the bullish trend. The price recently bounced off the lower boundary of the channel, aligning with a significant support level. The structure indicates the potential for further upside, with the next target around the 21,820 level.
The bullish scenario assumes that the price maintains its momentum and respects the trendline support. A clear break and retest of the minor resistance zones along the way could confirm this upward movement. However, a break below the channel would invalidate this setup and suggest potential bearish pressure.
Let me know your thoughts or if you have an alternative perspective!
USDCHF - Buy Setup After Resistance BreakOANDA:USDCHF has broken out of its descending channel and is now pulling back to retest the key breakout zone, which aligns with a critical support level. This retest is crucial in confirming the breakout and establishing bullish momentum.
If buyers defend this level and bullish rejection patterns emerge (e.g., bullish engulfing candles or long lower wicks), it could signal the continuation of the upward move. I anticipate a rally toward the 0.91250 level, which has previously acted as a significant area of interest.
This setup aligns with the idea of a break-and-retest pattern, offering an opportunity to join the bullish trend at a favorable entry point.
⚠️ Key considerations:
Monitor the price action closely for confirmation before entering long positions.
If the 0.90650 level fails to hold, a deeper retracement may occur, invalidating the bullish setup.
If you agree with this analysis or have additional insights, feel free to share in the comments!
FRA40 at Key Resistance - Is a Pullback Imminent?PEPPERSTONE:FRA40 has reached a significant resistance level. Price has made a strong bullish move into this region, but the market structure suggests the possibility of a reversal due to potential exhaustion of buying momentum.
This setup aligns with the idea of trend exhaustion near resistance. A rejection from this zone could provide a short-term bearish opportunity targeting the 7,775 level, which represents a logical target within the current market structure.
Traders should monitor price action closely for confirmation signals before entering trades. Let me know your thoughts or if you have additional insights to share!
NZDHUF – Potential Long from Key Support ZonePEPPERSTONE:NZDHUF has reached a key support level, which has historically acted as a strong demand zone, leading to bullish reversals. The recent decline into this area suggests a potential opportunity for buyers to regain control and push prices higher.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candle, or long lower wick, would strengthen the case for an upward move. If buyers step in, price could rally toward 222.600. This setup aligns with a short-term bullish outlook within the broader market structure.
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.
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EURUSD - Sell Setup After Key Support BreakOANDA:EURUSD has decisively broken below a key trendline, signaling an increase in bearish momentum. This breakdown suggests that sellers are gaining control, with the potential for further downside continuation.
In the near term, price may revisit the breakout level for a retest, where the previous support could now act as resistance. A failure to reclaim this level would reinforce bearish sentiment, increasing the likelihood of renewed selling pressure. If sellers maintain dominance, the price may head toward the 1.03120 level.
For confirmation of continued downside movement, traders should look for bearish technical signals, such as a rejection wick, a bearish engulfing candlestick, or increased selling volume. Conversely, a sustained move back above the resistance level could invalidate the bearish setup and shift the bias toward a potential bullish recovery.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
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Platinum towards Key Resistance. Watch Closely for Confirmation OANDA:XPTUSD is approaching a significant resistance zone, an area where sellers have previously stepped in to drive prices lower. This area is a great zone to watch for potential rejection.
If price struggles to break above and we see bearish confirmation, I anticipate a pullback toward the $1,010 level at least. In this recording I will be explaining in more detail why I think this is a possibility and what to look for.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
BTCUSD at Major Resistance – Will Sellers Take Control?COINBASE:BTCUSD reached a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to prior reversals.
If the price confirms a rejection through bearish price action, such as wicks signaling rejection or bearish engulfing candles, I anticipate a move downward toward the $101,155 level.
However, if the price successfully breaks and holds above the resistance zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
Let me know your thoughts or if you see an alternative perspective!
Ethereum at Critical Support: Bullish Bounce ExpectedCOINBASE:ETHUSD is approaching a significant demand zone, marked by prior price rejections and strong buying interest. This area has consistently acted as a key support level, leading to bullish reactions in the past.
The market structure suggests that the recent bearish momentum could slow down as price nears this critical zone. If buyers step in and price action confirms a rejection (e.g., bullish engulfing or wicks signaling strong buying pressure), there is potential for a reversal.
I anticipate that, upon confirmation of a rejection from this demand zone, ETH may head upward toward the $3,350 target level, which represents a logical target within the current market structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
XAU/USD: Bearish Continuation Setup with SMC Framework~On the 4H chart, the previous bullish structure shifted to bearish intent after breaking the recent major higher low (HL). This confirmed a change of character (CHoCH) and suggested a potential trend reversal. Following the break, price took out buy-side liquidity (BSL) as inducement and fully mitigated the supply zone/order flow area, solidifying the bearish bias.
~Lower Timeframe Plan (30M & 5M):
As we approach the Sunday evening or Monday opening, I am closely watching the 30-minute chart for confirmation of a CHoCH that aligns with the 4H bearish intent. Once the CHoCH on the 30M is validated, I will refine my entry on the 5-minute chart by looking for a CHoCH flip into a precise order block or order flow zone.
Expectations:
I anticipate price to respect the mitigated supply zone on the 4H and continue its bearish trend. My targets are set at liquidity zones aligned with the higher timeframe structure. I will patiently wait for the setup to develop in alignment with Smart Money Concepts (SMC) principles, focusing on structure, liquidity inducements, and precise entries.
Key Levels:
• 4H bearish intent confirmed after HL break.
• 30M CHoCH confirmation: Awaiting.
• 5M entry: Pending precise setup during Sunday evening or Monday open.
Let’s Connect:
Does this setup align with your perspective on XAU/USD? Drop your thoughts or questions below!
Bless trading!
CADJPY - Buy Setup at Clear Support LevelOANDA:CADJPY is approaching a strong support zone, an area that has previously attracted buyers. The recent bearish momentum has pushed price closer to this zone, making it a key level to watch for potential buying interest.
If buyers step in and confirm the support with bullish price action—such as rejection wicks, bullish engulfing candles, or increasing buying volume—I anticipate a move toward 107.710. However, if price breaks below this level, it could signal further downside and invalidate the bullish outlook.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, whether it’s a strong rejection candle or a spike in volume, before making a move.
Your support means the world! Every like and comment motivates me to share more insights. Also, let me know your thoughts in the comments—I’d love to hear your perspective!
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BITCOIN Reaches Critical Level - Will Bitcoin Sell Off?COINBASE:BTCUSD is reached a significant resistance zone, aligning with past price rejections and a strong supply area. This region has historically triggered strong selling pressure, making it a key level to watch.
If price struggles to break higher and forms bearish signals—such as rejection wicks, a bearish engulfing candle, or a shift in order flow—a pullback toward $102,500 could follow. This would confirm sellers stepping in to defend the level.
However, if BTC manages a strong breakout and holds above resistance, bullish momentum could extend further, invalidating the short setup.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management!
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