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USD/CAD) Down Trand Read The caption SMC trading point update Technical analysis of USD/CAD (U.S. Dollar / Canadian Dollar) on the 1-hour timeframe, with a focus on a potential double-top formation at strong resistance, followed by a drop toward support: --- Analysis Overview Trend Structure: Downward-sloping channel with lower highs and lower lows. Confluence Area: The current rally is approaching both the upper channel boundary and a significant horizontal resistance zone (~1.3660–1.3700). --- Key Technical Elements 1. Resistance & Double-Top Setup The price nears the resistance zone (yellow) where it previously reversed (noted by red arrows). A cap-and-float pattern (double/top-like structure) is projected: price pushes higher, hesitates, tests resistance again, then fails—a sign of weakening bullish momentum. 2. EMA 200 Interaction The 1-hour EMA 200 (blue line at ~1.3635) sits just below current price. A failure to sustain above this level reinforces the bearish case. 3. RSI Overextension RSI (14) is around 64–69, indicating near-overbought conditions on this timeframe, suggesting a potential pullback. 4. Price Targets Initial target: Lower channel boundary near 1.3556 (highlighted support). Extended target: Beneath to 1.3540, aligning with the broader Demand zone. --- Proposed Trade Setup Step Action Level Entry Short near top of resistance/channel (after double-top confirmation) 1.3680–1.3700 Stop-Loss Above recent high and channel resistance ~1.3720 Take Profit 1 Near EMA 200/lower channel bounce ~1.3556 Take Profit 2 Extended move to demand zone ~1.3540 Estimated Move ~1.15% drop from midday highs – --- Risk & Event Factors Scheduled Canadian or U.S. data releases (icons shown) could introduce volatility and disrupt technical patterns. A breakout above ~1.3720 would invalidate this bearish thesis and shift bias bullish. Mr SMC Trading point --- Summary Expecting a cap-and-float double-top formation at key resistance near 1.3660–1.3700, followed by a trend continuation drop toward 1.3556–1.3540. The bearish setup is supported by a down-channel structure, EMA 200 failure, and overbought RSI conditions. Please support boost 🚀 this analysis)

USD /CAD) bearish reversal analysis Read The caption SMC trading point update Technical analysis of USD/CAD pair on the 2-hour timeframe, suggesting that the price is likely to drop toward the support zone. Here's the detailed idea behind the analysis: --- Chart Breakdown (2H – USD/CAD) 1. Resistance Zone (Yellow Box - Top): Marked as a strong supply area where price has repeatedly been rejected (highlighted by red arrows). Acts as a key zone where sellers are in control. Also aligns with a descending trendline, reinforcing bearish pressure. 2. Support Zone (Yellow Box - Bottom): This is the target point marked at 1.35387, which previously served as a demand zone. The chart suggests this level as the next significant area where price might find buyers. 3. Trend Context: Price is moving within a descending channel (black trendlines), confirming the overall downtrend. The 200 EMA (1.36834) is acting as dynamic resistance, keeping price under pressure. 4. Projected Move (Blue Box): Shows a potential drop of ~91 pips toward the support level. A bearish wave is anticipated as per the black zigzag line on the chart. 5. RSI Indicator: RSI is near neutral (49.02 and 49.70) — suggesting no overbought/oversold conditions, but confirming lack of bullish momentum. RSI is aligned with price trending down. Mr SMC Trading point --- Summary: Bias: Bearish Entry Zone: Near current price or minor pullback (1.364–1.365) Target: 1.35387 (support zone) Invalidation: Break and close above resistance level / 200 EMA (~1.3685) Trend: Downtrend within channel --- Please support boost 🚀 analysis)

GBP/JPY) back bullish trend analysis Read The caption SMC trading point update Technical analysis of GBP/JPY on the 2-hour timeframe, signaling a potential rally from a key support area. Here’s a breakdown of this analysis: --- Technical Breakdown 1. Key Support Zone (Yellow Box): Price has pulled back to a strong support level around 196.50–197.00. This level previously acted as resistance and now flipped to support (classic support-resistance flip), marked by the green arrow. 2. EMA 200 as Dynamic Support: The 200 EMA (~196.567) is just below the support zone, reinforcing the likelihood of a bullish bounce from this area. 3. Bullish Price Projection: The chart suggests a bounce off this support zone with a projected move toward the target point at 200.132, indicating a +1.71% upside. 4. RSI Indicator (14): RSI is at 43.47, approaching the oversold region but curving upward — supporting a potential reversal to the upside. --- Forecasted Move Expected Move: Bullish reversal from support, targeting 200.132. The chart outlines a potential entry at current levels, with a bounce confirmed by price respecting the yellow support zone. Mr SMC Trading point --- Trading Idea Summary Bias: Bullish Entry Zone: Around 196.50–197.00 Stop-Loss: Below support zone (~196.00 or lower) Take-Profit: 200.132 Confirmation: Bullish candlestick pattern or RSI crossover plesse support boost 🚀 this analysis

BTC/USD) Resistance level pullback Read The Chaptian SMC Trading point update Technical analysis of Bitcoin (BTCUSDT), highlighting key levels and potential price movements based on trend channels, support/resistance, and RSI. Here's the breakdown: --- Key Elements in the Analysis: 1. Trend Channel: BTC is trading within an ascending channel, indicating an ongoing bullish trend. The recent price action hit the upper boundary (resistance) of the channel, suggesting potential for a pullback. 2. Resistance Zone: 105,586.06 is marked as a resistance level, where price faced rejection. Strong reaction here suggests sellers are defending this area. 3. Support Zone: A new support level is established around 98,000. This zone aligns with the lower boundary of the ascending channel and previous breakout structure. 4. Target Point (Bearish Projection): The chart projects a potential drop to the 97,367.51 level, representing a ~7.4% correction. This move mirrors the prior leg up, applying a measured move concept. 5. RSI Indicator: RSI is around 66–71, indicating overbought conditions. A bearish divergence or trendline break on RSI suggests weakening momentum. Mr SMC Trading point --- Summary of Trading Idea: Bias: Short-term Bearish (correction within an overall bullish trend) Expected Move: Potential dip toward 97,367.51 support Confirmation: Rejection at resistance, RSI divergence, and trendline break Invalidation: A strong breakout above 105,586.06 would nullify the correction setup and favor continued bullish movement pelas support boost 🚀 analysis follow)

BTC/USD Breakdown! Bearish Target: $78K 🔍 BTC/USD 30-Minute Chart Analysis 📉 Market Structure: The chart displays an ABCDE corrective pattern, likely a descending wedge or contracting triangle, which has now broken to the downside. Price action shows a breakout below the wedge, leading to further bearish momentum. The 200-period moving average (red line) is acting as resistance, reinforcing the downward trend. 📊 Current Price: ~$83,057 🔻 Bearish Target: $78,049 (marked as the potential support level) 🛑 Key Observations: Rejection from wave E indicates a lack of bullish strength. Lower highs and lower lows confirm a continuation of the bearish trend. Potential retest of ~$85,000 before dropping further. 🚀 Trading Insights: Bearish Bias: Short opportunities on pullbacks toward resistance. Bullish Reversal? Look for price action near $78,049—if buyers step in, a potential bounce could occur. ⚠️ Watch out for: Sudden Bitcoin volatility (news-driven moves). A fake breakdown (if buyers reclaim above ~$85,000).

Bitcoin (BTC/USD) Bearish Breakdown Potential – Key Support Leve : 🔍 Technical Analysis: Resistance Zones (Purple Rectangles at the Top) The price recently hit a resistance area around $92,000. It also tested an ascending trendline (red line) and failed to break higher. Support Zones (Purple Rectangles at the Bottom) There are two significant support areas: First zone around $87,500 - $88,000. Second zone around $82,000 - $83,000. Bearish Expectation (Black Arrow) The price is projected to break down from the current level. A potential lower high formation suggests further decline. Target areas: $88,000 first, then possibly $82,000. 🔥 Conclusion Bearish bias if the price fails to reclaim the resistance. A breakdown below $88,000 could accelerate the drop. Watch for rejection signals at resistance zones before confirming short trades.