📌 Major Trend Channel : The price remains within a long-term ascending channel. It recently rejected the upper boundary and is currently testing key support zones. 📌 Key Support Zone: The price is reacting to the SNR - Support level. If this level holds, a potential bounce toward 100,297 (mid-channel level) could be expected. 📌 Order Blocks & Imbalance: ...
OANDA:XAUUSD XAU/USD is currently trading within a descending channel, showing a clear downtrend. The price has been respecting the channel boundaries, and we are now approaching the upper limit of this channel. The upper boundary of the channel is near the 3000 level , which is often considered a psychological resistance zone by many traders. This level is...
USD/JPY is currently in the D1 discount zone and approaching a D1 FVG, where a potential reaction may occur. The price is moving within a downtrend channel for now. If a reaction happens at this level, we should wait for a channel breakout. A trade opportunity arises either on the breakout retest or immediately after the breakout, confirming bullish momentum...