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XPTUSD - Testing Key Resistance Level – Potential SellThe XPTUSD pair is currently approaching a key resistance level, a level that has historically acted as a strong supply area. The recent bullish momentum appears to be slowing as the price approaches this resistance. If a rejection occurs, indicated by bearish candlestick patterns (such as a bearish engulfing or long upper wicks), the price could reverse toward the $956.212 level. This setup aligns with the idea of trend exhaustion near resistance, creating a potential short opportunity for traders looking to capitalize on a retracement. Let me know your thoughts on this analysis! Do you see a different outcome, or would you adjust the target? Share your insights in the comments below!
OANDA:XPTUSDShort
by DanieIM
GBPCHF - Bullish Setup at Key Support ZoneThe GBPCHF pair is currently testing a key demand zone, where previous price reactions suggest potential for a bullish reversal. This area has historically been a support level, indicating that buyers could regain momentum at this juncture. A confirmation of bullish sentiment, such as the emergence of a bullish candlestick pattern or a strong rejection wick, would reinforce the likelihood of a rebound. Should this scenario unfold, the price could target the 1.12417 level. What are your thoughts on this outlook?
Long
by TrendDiva
GBPCHF - Potential Buy From Key Support ZoneThe GBPCHF pair is approaching a critical demand zone, which is marked by historical price reactions and strong support levels. The current market structure suggests the potential for a reversal from this area. If buyers regain control, we could see a move higher. I anticipate that if the price confirms a rejection from the demand zone, there is a high likelihood of upward movement toward the 1.12000 level. This aligns with the expectation of trend exhaustion near this support zone. If you have any additional insights or a different perspective, feel free to share your thoughts!
Long
by DanieIM
1
EURGBP - Potential Sell From Key Resistance ZoneThe EURGBP pair is approaching a significant supply zone, marked by historical price reactions and strong resistance levels. The current market structure suggests the potential for a reversal from this area if sellers regain control. I anticipate that if the price confirms a rejection from this supply zone, the market is likely to move downward toward the 0.83611 level. This setup aligns with the idea of trend exhaustion near resistance. If you have additional insights or an alternative perspective, feel free to share your thoughts!
Short
by DanieIM
EURHUF - Potential Sell At Key Resistance LevelThe EURHUF pair is currently testing a key resistance level, which has historically acted as a significant supply area. The current uptrend has brought the price into this resistance zone, but the market appears to be losing momentum. If bearish signals emerge, such as reversal candlestick patterns (e.g., bearish engulfing or shooting star) or divergence on indicators like RSI, we could see a potential reversal. I anticipate that a rejection from this resistance zone could lead the price lower toward the 402.932 level. This setup aligns with the idea of trend exhaustion near resistance, providing a potential short opportunity. What’s your perspective on this analysis? Feel free to share your thoughts or any alternative scenarios in the comments!
Short
by DanieIM
XAUUSD: Bullish Momentum Heading for Key ResistanceXAUUSD is trending within an ascending channel and is currently respecting its structure. Price action is approaching the upper boundary of the channel, which aligns with the marked resistance zone near 2705.302. This area may act as a supply zone, triggering retracements or reversals. A short-term pullback toward the mid-channel or the highlighted demand zone near 2684.00 could occur before a continuation toward the 2705.302 target. Traders should look for bullish continuation patterns, such as a breakout above resistance or higher lows on the pullback, to confirm further upside potential. Conversely, a break below the demand zone might indicate bearish momentum.
OANDA:XAUUSDLong
by TrendDiva