Silver (XAG/USD) | MMC Retest in Play – Eyes on $33.55 TargetThis 1-hour chart of Silver (XAG/USD) presents a clean and compelling bullish setup, applying Mirror Market Concepts (MMC) in combination with classical price action, support/resistance flips, and trendline analysis. It outlines a likely bullish continuation scenario based on how price respects key structural levels.
🧩 1. Mirror Market Concepts (MMC) Overview
MMC views the market as a symmetrical organism, where past price behavior on one side of a pattern tends to be “mirrored” on the other side. Here, we see the market reflecting previous structural behaviors through:
Symmetrical lows and highs
Balanced corrective structures
Repeatable retests of trendline support
This creates a roadmap for anticipating price reactions, especially around previously respected levels.
🔸 2. Trendline Support – Anchoring Bullish Momentum
The rising trendline is a major structural feature. It's been respected three times previously (highlighted with blue circles), providing strong bullish support.
Current price is once again approaching this trendline.
A bounce here would confirm continued higher-low structure.
If trendline is broken, it may invalidate the bullish setup — so this acts as the key decision point.
🔸 3. SR Interchange Zone (Support/Resistance Flip)
The chart marks a wide SR Interchange Zone, previously resistance, now turned into support. This flip is a critical area for accumulation and re-entry by institutional players.
Price bounced from this zone earlier.
The current structure suggests price may retest this zone again during a potential fakeout or liquidity grab.
This level is a magnet zone for stop-hunting before continuation.
🔸 4. “Type of Retesting” – MMC Style
This chart specifically labels a "Type of Retesting", which refers to a deeper liquidity sweep where:
Price breaks minor support to tap trendline or SR zone liquidity.
Then reclaims the structure and resumes the uptrend.
This is a mirror market behavior — where past retests serve as a template for future ones. Expectation is for the same type of bounce from the trendline/SR area as seen before.
🔸 5. Projected Path – Bullish Scenario
The expected flow includes:
Price dips back into the trendline + SR Interchange confluence.
Forms a higher low (marked with arrows).
Breaks minor resistance levels toward Major Resistance at $33.556.
This zone acts as the target — derived from the previous swing high and structural mirror projection.
The target zone aligns with a key Fibonacci and historical resistance level — giving extra weight to this forecast.
🔸 6. Volume and Confirmation (Trader Tip)
While volume is not shown on this chart, experienced traders would:
Watch for volume divergence or spikes near the SR zone.
Seek candle confirmation (like bullish engulfing, pin bars, or strong wicks) near the trendline/SR confluence before entering.
🎯 Trading Plan Summary:
Entry Zone: Near trendline + SR Interchange support zone.
Stop Loss: Below the SR zone or swing low.
First Target: Return to $33.20–33.30 range.
Main Target: $33.556 (marked target zone on chart).
Invalidation: Strong break and close below trendline + SR zone, with no bounce.
📘 Educational Notes (For Traders):
Trendline retests are best traded in confluence with horizontal levels.
SR flips provide high-confidence zones for reaction.
MMC adds a predictive edge by recognizing repeating behavior and structure across mirrored segments of the chart.
This setup rewards patience, especially during consolidation near major support.
⚠️ Risk Management Reminder:
Always manage risk properly. Even with high-probability setups like this, price may wick below or fake out. Wait for confirmation. Avoid over-leveraging or premature entries.
Trendlinesupportzone
“The gold price is going up”In the US, the Producer Price Index (PPI) experienced a slight slowdown in August. Weekly unemployment benefit claims rose by 2,000, reaching 230,000. Following this data release, the decline in the dollar deepened. Meanwhile, the yield on 10-year US Treasury bonds fell to 3.62%. As a result, gold prices tested the 2570 resistance level.
From a technical perspective, if prices remain consistently above the 2570 resistance level, an increase to 2600 and then to 2650 could occur. On the downside, if the price falls below the 2570 support level, a pullback could extend to 2535 and then to 2482.
BTC_[Daily]_Trendline Support (Channel Bottom)BTC Daily Analysis:
Price is moving in within descending parallel channel for 155days now
Price is rejected from Channel top (resistance) and moving in short-term downtrend (acting as support).
It is also confluencing with 61.8% fib level (Golden Ratio)
It has also reached a long-term trendline support which is respected historically (except a recent fake break down).
A short term bullish setup until channel top can be taken (wait for green candle formation on hourly time frame)
2281: At Support Level or Cup & Handle (Watchout)2281 is forming a cup and handle pattern on daily timeframe.
Volumes are low
However, Price is at a significant support line confluence with volume POC
A trendline support is respected in the past.
If the support confluence is respected, price will go up and touch the TP levels of 123
However, if it breaks down then there is a long bearish rally.
Watch out to take positions.
USDCAD | Short H4 | Market Exe | Loonie to Ride the GreenbackTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H1 & H4 time-frame
- Price action is at a Supply Zone area
- Price action may reverse towards the ascending support Trendline
- Targeting the 38.2% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 1.3760 - 1.3800
SL @ 1.3854
TP 1 @ 1.3697 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.3611
Risk-to-Reward @ Approx. 2.12 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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SNOW a software megacap approaches earnings in one week LONGSNOW has been running since about the 1st of February. It beat earnings in November by 50%.
Right now it is situated at the mean-anchored VWAP where institutions pick up and drop off
shares the most. Price is at the lower boundary of an ascending parallel channel and is now
about 8% less than the double top of last week at the top of the channel. Price at the mean
VWAP brings out volume and volatility. So does an earnings run. I see SNOW as a great
earnings play as ARM and PLTR were only weeks ago. This could be a huge trade like those
were. Good Luck to traders who take this trade!
EUR/USD Technical Analysis of the upcoming days and weeks.In this video I take a look at the EUR/USD and what levels are being watched for potential swing trading opportunities. Today was pretty much flat but I see a possible buying opportunity on the horizon if the EUR/USD drops into the pivot zone at 1.05085.
Trading Tip #1 - Always manage your risk
Trading Tip #2 - Stay Patient and wait for your opportunity
$NZD - Where to next?$NZD - Where to next?
Here is the great element of trading us traders can take advantage of even we are within ranges - there are still opportunities. Here's a clear view of the levels it can go towards.
Today we have PPI which will move the markets and next week we have FOMC - Take advantage of the moves and data that's coming through whilst sticking to your OWN trade plan.
Best,
Trade Journal
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