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USDJPY is shaping up for a potential short setup, but patience is key as we wait for price to hit a critical resistance zone. Let’s break it down:
The Setup
Price is currently on a bullish push, targeting the highlighted zone at 154.332.
This resistance level is a key area where sellers could regain control. Once price enters this zone, I’ll be watching closely...
NZDCAD is approaching a potential setup, but price has not yet reached the key highlighted area. Here’s my plan:
1️⃣ If price pushes into the pink highlighted resistance zone, I’ll wait for a pullback to validate the setup.
2️⃣ Once price pulls back and holds a key support level, I’ll look for a bullish confirmation to go long.
This setup allows me to enter at...
Watching for a retracement into the highlighted resistance zone (~100.387) before considering a bearish continuation. This setup aligns with the current market structure and offers an opportunity to join the trend if conditions are met.
📉 Key Observations:
Recent break below support turned the zone into potential resistance.
Anticipating a retest in this area to...
Previously, I posted a bullish idea for GBP/AUD, but price action has since taken a sharp turn to the downside. Now, we’re adapting to the bearish momentum as the market reacts to the changing structure.
📉 Key Observations:
Price rejected key resistance around 1.96458 and failed to sustain upward movement.
A lower high has formed, signaling bearish intent and a...
For this setup, I’m only looking to sell if price moves into the marked resistance zone (~0.57592). Patience and discipline are key—no zone, no trade.
📉 Market Context:
The bearish structure is intact, with lower highs and lower lows showing sellers are in control.
The marked resistance zone (~0.57592) is a critical area to watch for rejection.
Stop-Loss: Set at...
We’re closely monitoring GBPAUD for a potential bullish setup. Here’s the plan:
1️⃣ We’re waiting for price to break above the previous highs around 1.96400 and move into the pink highlighted area.
2️⃣ Once price reaches this region, we’ll wait for a pullback to validate our setup before considering an entry.
The pullback will help confirm buyer strength,...
