NICKEL - Buy Setup at Key Support LevelPEPPERSTONE:NICKEL has reached a significant support zone, highlighted by previous price reactions and strong buying interest. This area has historically acted as a key demand zone, increasing the likelihood of a bullish 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 15,578, a logical target based on previous price behavior and the current market structure. However, if the price breaks below this zone, the bullish outlook may be invalidated and we could potentially see further downside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Supply_and_demand
GBPNOK at Key Resistance – Potential Drop to 14.0670FOREXCOM:GBPNOK has reached a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has historically 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 bearish move. A successful rejection could push the pair toward the 14.06700 level, a logical target based on previous price behavior and current market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
STOXX50 Maintains Bullish Momentum — Targeting $5,605ICMARKETS:STOXX50 remains within a well-defined ascending channel, with the price showing a rebound from the midline of the channel. This suggests a continuation of the broader uptrend, with the next potential target near 5,605, aligning with the upper boundary of the channel.
A minor pullback could present a potential entry opportunity if buyers maintain control. Confirmation through bullish candlestick patterns—such as bullish engulfing or hammer formations—may strengthen the bullish case and drive momentum toward the 5,605 level.
A breakdown below the channel’s lower boundary would invalidate the bullish outlook and could indicate a potential shift in market direction. Monitoring how price reacts around the midline will be crucial for assessing continued bullish momentum.
Remember, always confirm your setups and trade with solid risk management. Best of luck!
GBPAUD - Short Setup at Key Resistance LevelOANDA:GBPAUD is approaching a major resistance zone, an area where sellers have consistently stepped in, leading to notable reversals in the past. This level is marked by strong selling interest and historical price reactions, increasing the likelihood of a bearish move if sellers regain control.
The current price action suggests that if the pair confirms resistance through bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward the 1.99200 level. However, if the price breaks above this zone, the bearish outlook could be invalidated, opening the door for 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!
NZDUSD at Key Support - Bullish Continuation SetupOANDA:NZDUSD has broken above a key resistance zone, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook.
After making a new high, price has now pulled back for another retest of this support zone, presenting a potential continuation setup.
If buyers step in at this level, the price could resume its upward momentum toward 0.57610 as the next key target. A strong rejection from this zone would further confirm bullish strength.
However, a deeper breakdown below the support area could indicate a shift in momentum. Monitoring price action for bullish confirmation will be key before entering long positions.
What’s your outlook on this setup? Let me know your thoughts!
AUDJPY at Key Support Level – Potential Rebound to 95.900OANDA:AUDJPY has reached a significant demand zone, where past price action shows strong buying interest. This area has historically acted as a key support, increasing the likelihood of a bullish reaction if buyers re-enter the market.
If the support holds, a bullish reversal could push the pair toward 95.900, a logical target based on previous price behavior and market structure. Confirmation signals to watch for include bullish engulfing candles, long lower wicks, or increased buying volume, which would strengthen the case for an upside move.
However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, increasing the likelihood of further downside. Monitoring candlestick patterns and volume at this critical level is crucial for identifying potential trade 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!
GBPCAD at Key Resistance: Potential Selling Opportunity to 1.789OANDA:GBPCAD is trading near a robust resistance zone that aligns with prior price rejections. This area has previously attracted strong selling interest, making it a critical point to watch.
If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 1.78900. But a break above this level could signal further upside and invalidate the bearish setup.
-Carefully evaluate price action at this zone before entering positions.
-Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
EURAUD - Short Setup at Key ResistanceOANDA:EURAUD is approaching a significant resistance area that has before reversed bullish trends. The current upward move into this zone suggests potential selling opportunities if rejection signals appear, such as bearish engulfing candles or upper wicks.
I find that a move toward 1.65180 is likely.
A break above this resistance, however, could indicate a shift in market sentiment.
Just my take on support and resistance zones—not financial advice.
Always confirm your setups and trade with solid risk management.
GBPNZD - Potential Sell Opportunity at Resistance LevelOANDA:GBPNZD is approaching a significant resistance zone, marked by previous strong price rejections. 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 2.20620 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!
ALUMINIUM at Key Resistance – Potential Drop to 2,630FUSIONMARKETS:XALUSD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. 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 2,630 level, which represents a logical target within the current market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
EURCAD – Bullish Continuation Toward 1.49730OANDA:EURCAD has broken above a key resistance zone around 1.49000, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook.
With momentum favoring the upside, the next logical target is 1.49730, aligning with the upper boundary of the ascending channel. As long as the price remains above the 1.49000 support, the bullish bias stays intact.
If you agree with this analysis or have additional insights, feel free to share your thoughts here!
BITCOIN at Major Support - Will Buyers Push Toward 98,250?COINBASE:BTCUSD has reached a significant support zone, highlighted by previous price reactions and strong buying interest. This area has historically 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 98,250 level, a logical target based on past price behavior and structural confluence.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
XAGUSD Possible IdeaXAGUSD has been moving bullish as it is in a higher time frame expansion phase. As we can see, it recently broke the previous 4h and daily high with momentum. It preceded to retrace and consolidate within the 4h and daily range, forming all sorts of internal liquidity in the process. It is now approaching a very strong demand zone that it could use to shift structure internally, targeting the latest 4h and daily swing high to form a new higher high.
JNJ - Potential Sell Opportunity at Resistance LevelNYSE:JNJ has reached 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 155.00 level, which represents a logical target within the current market structure.
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!
US2000 - Potential Buy Opportunity at Key Support LevelPEPPERSTONE:US2000 has reached a significant demand zone, highlighted by previous price reactions and strong buying interest. This area has historically acted as a key support level, suggesting the potential for a bullish reversal if buyers step back in.
The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 2,260 level, which represents a logical target within the current market structure.
If you agree with this analysis or have any additional thoughts, feel free to share them in the comments!
Coca-Cola at Key Resistance: Will Sellers Step In?NYSE:KO has reached a significant supply zone, marked by prior price rejections and strong selling interest. This area has historically acted as a resistance level, suggesting the potential for a bearish reversal if sellers regain control.
The recent bullish momentum has brought the price into this key resistance zone, and if the market confirms rejection here, we could see a move lower. I anticipate that if sellers step in, the price may decline toward the 68.80 level.
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 any additional thoughts, feel free to share them in the comments!
USDCAD - Sell Opportunity After Support BreakOANDA:USDCAD has broken below a major support level, signaling a shift in momentum. If the price will retest the zone at 1.42600, which previously served as support, this area may now act as resistance, aligning with a potential bearish continuation.
If sellers confirm resistance at this level, the price is likely to move downward toward the 1.41130 level, which represents a logical target for this setup. 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!
GBPUSD: Short Setup at Key ResistanceOANDA:GBPUSD is nearing a key supply zone that has been a critical area for bearish reversals in the past. The current price action suggests sellers may regain control at this resistance level.
If bearish patterns appear, such as long upper wicks or bearish engulfing candles, I anticipate a move toward 1.25890.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and might indicate further upside.
Proper risk management is essential, given the possibility of price breaking higher.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management!
AUDNZD: Potential Buy Opportunity at Key Support LevelOANDA:AUDNZD is approaching a significant support zone. This zone has consistently acted as a key area of interest where buyers regained control, leading to notable reversals in the past. The current moves suggests the potential for a bullish reaction if price action confirms rejection through signals such as bullish engulfing candles, long lower wicks, or increased buying volume.
If the support holds, I anticipate a move upward toward the 1.10860 level, aligning with the expectation of a short-term reversal. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated and we could potentially see a bigger downside.
Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Proper risk management is advised to navigate potential volatility. If you have any thoughts on this setup or additional insights, drop them in the comments!
GBPZAR at Clear Resistance Zone - Will Sellers Step In?OANDA:GBPZAR has reached 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 23.1620 level, which represents a logical target within the current market structure.
This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure.
DXY. Attempt to change the trendHey traders and investors!
In a recent analysis of the AUDUSD currency pair (available in related posts), I mentioned a high probability of a reversal forming on the weekly timeframe. This conclusion was also supported by the situation on the daily timeframe. Currently, a similar situation is observed with the US Dollar Index.
This review illustrates the relationship between different timeframes, aiding in making better decisions in asset analysis and entry point identification.
1D Timeframe
The US Dollar Index (DXY) is in a downtrend on the daily timeframe after breaking down from a consolidation range. The boundaries of this range are marked by black lines on the chart. A key level protecting the breakout from the range is 106.957, which marks the beginning of the last seller's impulse.
At the start of this impulse, a seller's zone formed (red rectangle on the chart). At the end of the impulse, there was a buyer's bar with increased volume, indicating buyer interest at these price levels. The volume in this bar is concentrated in its upper part (blue line on the chart), suggesting potential seller interest.
Key Levels on 1D Timeframe:
Key resistance (start of the last seller's impulse): 106.957
50% of the last impulse: 106.435
Last impulse low: 105.913
Trading Recommendations:
Selling:
Look for selling patterns near resistance levels, especially around 106.957.
Buying:
Currently, there are no conditions for buying (bearish trend). Buyers need to consolidate above 106.957 to change market dynamics and create opportunities for buying patterns.
Now let's analyze a higher timeframe to understand potential downward targets and obstacles. In my opinion, the 11-day timeframe shows the situation best.
11D Timeframe
On the 11-day timeframe, the price is moving within a sideways range, with the upper boundary at 106.952 (close to the daily level of 106.957) and the lower boundary at 99.099.
The last realized vector in the range is a buyer's impulse 7-8. The key bar of this impulse (highest volume) is located in its middle (marked as KC on the chart).
The price broke above the upper boundary of the range during this impulse. However, the seller returned the price into the range, forming a seller's zone above the upper boundary (red rectangle on the chart). This seller's zone corresponds to the daily range.
All of this appears as manipulation (false breakout) of the upper boundary of the range. The current seller's vector is 8-9, with a potential target of 99.807 (99.099).
Obstacles for sellers include the key bar of the buyer's impulse, inside of which is the 50% retracement of the last impulse. I expect the first buyer reaction (long bar on the 11D timeframe) after the price declines to the range of 105.112 - 104.843.
Thus, the 11-day timeframe supports the conclusion on the daily timeframe about the advisability of searching for short positions. Similarly, one can analyze a smaller timeframe, for example, the hourly, to look for short entry patterns.
Key Levels on 11D Timeframe:
Upper boundary of the range: 106.952
50% of the last buyer's impulse: 104.843
First target for selling (PT Short): 99.807
Lower boundary of the range: 99.099
I wish you profitable trades!
PALLADIUM at Key Support: Rebound Toward 1,011$?OANDA:XPDUSD has reached a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 1,011 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!