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USDJPY at Major Support Level - Will Buyers Step In?OANDA:USDJPY has reached a major support level, marked by significant buying pressure. This area has historically acted as a strong demand zone, increasing the likelihood of a bullish reaction if buyers step in again. The current market structure suggests that if the price confirms a rejection from this support level, there is a high probability of an upward move. I anticipate that, if rejection occurs, the market may head higher toward the 147.570 level, which serves as a logical target within the current structure. However, a break below this support would invalidate the bullish bias and could lead to further downside. 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!
Long
by DanieIM
45
EURUSD Approaching Major Resistance - Will Sellers Step In?OANDA:EURUSD is approaching a major resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again. The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.09742 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside. 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!
Short
by DanieIM
133
COCOA Nearing Major Support - Rebound Towards 9,000$?PEPPERSTONE:COCOA is approaching a significant support zone. This area has consistently acted as a key level where buyers have stepped in, leading to notable reversals in the past. The current move 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 9,000 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, potentially opening the door for further 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. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
PEPPERSTONE:COCOALong
by TrendDiva
21
EURUSD at Major Resistance: Will it Drop To 1.09000?OANDA:EURUSD reached a major resistance level that has previously acted as a strong barrier, triggering bearish momentum in the past. This zone also aligns with prior supply areas where sellers have stepped in, making it a potential point of interest for those looking for short opportunities. Given its historical significance, how price reacts here could set the tone for the next move. If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.09000 level. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction. Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management. Best of luck!
Short
by TrendDiva
42
GBPUSD Approaching Key Resistance - Will Sellers Step In?OANDA:GBPUSD is approaching a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again. The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.30950 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside. 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!
Short
by DanieIM
26
USDCHF Approaching Major Support - Potential Reversal?OANDA:USDCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.87100 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines. If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
Long
by DanieIM
23
GBPAUD at Major Resistance Level - Time to Sell?GBPAUD has reached a weekly resistance level, marked by prior price rejections and significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again. The current market structure suggests that if the price confirms a rejection from this weekly resistance, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 2.03620 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside. 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!
Short
by DanieIM
67
GBPAUD Trending Higher – Bullish Continuation Toward 2.07770OANDA:GBPAUD is currently trading within an ascending channel, maintaining a bullish structure. The price 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. With momentum favoring the upside, the price could move toward the 2.07770 level, which aligns with the upper boundary of the channel. However, a failure to hold this level could indicate a potential shift in momentum. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions. Let me know your thoughts or any additional insights you might have! 🚀
Long
by DanieIM
23
EURJPY Approaching Key Resistance — Potential Sell SetupOANDA:EURJPY is approaching a key resistance level, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume. If the resistance level holds, I anticipate a downward move toward 161.20, which represents a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains above it, the bearish outlook may 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!
Short
by TrendDiva
35
NZDJPY Approaching Key Resistance — Potential Sell SetupOANDA:NZDJPY is approaching a key resistance zone, a level where sellers have consistently stepped in, leading to notable bearish reversals in the past. This area is marked by strong selling pressure, increasing the likelihood of a bearish move if sellers regain control. The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 86.100, which represents a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains, the bearish outlook may 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!
Short
by TrendDiva
36
CADCHF - Buy Setup at Key Support LevelOANDA:CADCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.61900 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines. If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
Long
by DanieIM
28
CADJPY Retesting Key Level: Will Sellers Step In?OANDA:CADJPY is approaching a key level that previously acted as support. Now that price is retesting it, there’s a good chance it could turn into resistance. If sellers step in, we could see a bearish reaction. If the price shows clear signs of rejection from this zone, I anticipate a move downward toward the 104.500 level, which serves as a logical target for this setup. Conversely, a clean breakout above the 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
Short
by DanieIM
34
USDJPY Trending Lower - Will It Drop To 145.200?OANDA:USDJPY is currently trading within a descending channel, indicating a strong bearish structure. The price has broken below a key support zone and may now pull back for a potential retest. This level previously acted as support and could now serve as resistance, aligning with a possible bearish continuation. If sellers confirm resistance at this zone, the price is likely to move downward toward the 145.200 target. However, a failure to reject this level could indicate a potential shift in momentum. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, strong wicks rejecting the resistance zone, or increased selling volume, before considering short positions. Let me know your thoughts or any additional insights you might have!
Short
by DanieIM
31
CADCHF Approaching Key Support – Rebound Toward 0.61890?OANDA:CADCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.61890 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines. If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
Long
by DanieIM
15
EURCAD Approaching Major Resistance - Correction Incoming?OANDA:EURCAD is approaching 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 step in and regain control. If the price rejects this resistance, we could see a pullback toward 1.55000, aligning with a corrective move after the recent bullish rally. However, a clean breakout above this resistance zone would invalidate the bearish bias and could lead to further upside toward higher levels. Traders should monitor for bearish confirmation signals, such as rejection wicks, bearish engulfing candles, or increasing selling volume, before considering short positions. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 📉
Short
by DanieIM
16
QQQ at Key Support Level – Rebound Towards $532?NASDAQ:QQQ is experiencing a corrective move after forming a double top near the upper boundary of the ascending channel. The rejection from this level has led to increased selling pressure, bringing price back to the lower boundary of the channel. If buyers regain control at this point, we could see a rebound toward the $532 resistance zone, which aligns with previous price reactions and the midline of the channel. This area could act as a short-term target within the existing bullish structure. However, if price fails to hold this support and breaks below with momentum, the bullish outlook may be invalidated, potentially signaling further downside. Traders should watch for bullish confirmation signals such as rejection wicks, increasing volume, or bullish engulfing patterns before considering long positions. If you agree with this analysis or have additional insights, let’s discuss! 🚀
NASDAQ:QQQLong
by DanieIM
15
SPAIN 35 Trending Higher – Will It Reach 13,912?OANDA:ESPIXEUR has broken above the key resistance level within the ascending channel, signaling potential bullish continuation. This breakout suggests that buyers are in control, and price could now look to retest the previous resistance as support before continuing toward the upper boundary of the channel. If price confirms support at this level, we could see a push toward the 13,912 target, aligning with the upper boundary of the channel. This move would reinforce the ongoing bullish structure and offer a buy opportunity for traders looking to capitalize on the momentum toward the upper boundary. However, if the price fails to hold above the previous resistance and falls back into the range, it could indicate a false breakout, potentially leading to a deeper retracement toward the trendline support. Traders should look for bullish confirmation signals, such as a successful retest with strong buying pressure or bullish candlestick patterns, before entering long positions. Do you agree with this setup, or do you see any alternative scenarios? Let’s discuss! 🚀
FUSIONMARKETS:E35Long
by DanieIM
21
GOLD at Key Resistance: Possible Correction AheadOANDA:XAUUSD has reached a critical resistance zone. This zone has previously acted as a barrier for price, leading to strong reversals in the past. This area aligns with a significant supply zone, where the ongoing bullish momentum may face exhaustion, signaling a potential turning point. If the price shows bearish confirmation, such as rejection candles or a bearish engulfing pattern, I expect a pullback toward the 2733.000 level, which represents a logical target within the current market structure. This scenario reflects the potential for a short-term correction within the broader trend. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
OANDA:XAUUSDShort
by DanieIM
28
EURUSD Approaching Key Demand Zone – Potential Rebound?OANDA:EURUSD is approaching a key demand zone marked by previous price reactions. This area has historically acted as strong support, leading to bullish moves in the past. The current structure suggests that buyers may step in if the price confirms a rejection from this zone. If we see bullish confirmation, such as a strong rejection or a bullish engulfing candle, the market could push higher toward the 1.04020 level. However, a break below this demand zone would invalidate the bullish bias and could lead to further declines. This setup reflects the potential for a rebound after an impulsive move, supported by past price behavior and market structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
12
AUDCAD Approaching Key Support - Rebound Towards 0.90150?OANDA:AUDCAD is approaching a significant support zone, highlighted by previous price reactions and strong buying interest. This area has previously 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 0.90150 level, a logical target based on previous price behavior and current market structure. However, if the price fails to hold this support and breaks below the zone with momentum, the bullish outlook may be invalidated, potentially opening the door for further downside continuation. Monitoring price action and volume in this area will be crucial to confirm a valid setup. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
25
NZDCAD - Buy Setup at Key Support LevelOANDA:NZDCAD is approaching a key demand zone, which has historically acted as strong support. The recent decline has brought the price back into this area, increasing the likelihood of a potential bullish reaction. If buyers step in and confirm support within this zone, we could see a rebound toward the 0.8250 level, aligning with a corrective move after the recent drop. However, failure to hold this support could signal further downside continuation. Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing patterns, or increased buying volume, before considering long positions. If you agree with this analysis or have additional insights, feel free to share your thoughts!
Long
by DanieIM
22
GBPUSD Trending Lower - Will It Drop To 1.28660?OANDA:GBPUSD is currently trading within a descending channel, indicating a strong bearish trend. The price has recently tested a resistance zone within the channel and appears to be rejecting it, suggesting a potential continuation to the downside. The current market structure implies that if this rejection holds, we could see further bearish movement toward the 1.28660 level, which aligns with the lower boundary of the channel. However, if the price manages to push above the channel with strong momentum, it could signal a shift in trend, potentially leading to a bullish breakout and a move toward higher resistance levels. Traders should look for confirmation signals such as rejection wicks, bearish engulfing candles, or increased selling volume before entering short positions. If you agree with this analysis or have additional insights, feel free to share your thoughts!
Short
by DanieIM
34
EURUSD Maintains Bearish Momentum - Is 1.07500 the Next Target?OANDA:EURUSD is trading within a well-defined descending channel, with price action consistently respecting both the upper and lower boundaries. Recently, the price rejected a key resistance zone, reinforcing bearish momentum and signaling a potential continuation toward lower levels. The current price action suggests that if price continues to respect this resistance, we could see further downside toward 1.07500, aligning with the lower boundary of the channel. However, if price breaks above the channel and sustains above it, the bearish outlook may be invalidated, potentially signaling a shift in momentum. Monitoring price action and volume at this level will be essential for confirmation. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
30