WHEAT at Key Resistance Zone - Sellers Ready to Step In?PEPPERSTONE:WHEAT is approaching a key resistance zone, an area that has previously triggered strong selling pressure, making it a key level to watch.
If rejection occurs—such as wicks, bearish engulfing patterns, or a shift in momentum—sellers could regain control, driving the price lower toward the 559.0 target. This aligns with a short-term pullback scenario within the broader market structure. However, a sustained breakout above this resistance would invalidate the bearish outlook, potentially opening the door for further upside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
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SMC
EURJPY Approaching Key Support - Buying Opportunity Ahead?OANDA:EURJPY is approaching a key support zone, an area where the price has previously shown strong buying interest. The recent price action suggests that buyers may step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, a bullish engulfing candle, or long lower wicks, would increase the probability of a bounce from this level. If buyers regain control, the price could move toward the 160.080 level.
However, a breakout below this support would invalidate the bullish outlook, potentially opening the door for further downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
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XAU/USD Trade Idea: Potential Long Setup📊 Pair: XAU/USD (Gold)
💡 Trade Bias: Bullish
• Buy Entry: Around 2,816.691
• Take Profit (TP): 2,882.344
• Key Level (IDM): 2,839.487
🎯 Plan:
Waiting for price to take out the IDM level before moving into my order flow for a refined entry. Will look for a CHoCH flip on the 5M timeframe within the order block to confirm bullish intent.
🚨 Note: Price action near the IDM level and 5M confirmation will dictate the actual entry. Staying cautious until all confirmations align.
EUR/USD Trade Idea: Potential Short Setup
📊 Pair: EUR/USD
💡 Trade Bias: Bearish
• Sell Entry: Around 1.04611
• Take Profit (TP): 1.02118
• Key Level (IDM): 1.04344
🎯 Plan:
Currently, the 30M CHoCH has confirmed bearish intent. Waiting for price to mitigate the 30M order block, then dropping to the 5M timeframe for a CHoCH flip and refined entry.
• Confirmation: Liquidity sweep and strong bearish momentum on the 5M after mitigation.
🚨 Note: Patience is key. Entries are approximate and depend on mitigation and structure flip.
Bless Trading!
EUR_NZD POTENTIAL LONG|
✅EUR_NZD is about to retest a key structure level of 1.8250
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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EURZAR Approaching Demand Zone – Bullish Bounce ExpectedOANDA:EURZAR is approaching a key demand zone. Previously, this area has acted as strong support, leading to bullish reversals. The current price action suggests buyers might step in again, potentially driving the price higher.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a rebound. If buyers regain control, the price could move toward the 19.39600 level.
However, a break below this demand zone could invalidate the bullish outlook, potentially opening the door for further downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
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EURSEK at Key Demand Zone: Will Buyers Push Toward 11.396?OANDA:EURSEK has reached a significant demand zone, marked by prior strong price reactions and substantial buying interest. This level has historically acted as a support zone, suggesting the potential for a bullish rebound if buyers step in.
The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 11.3966 level, aligning with a logical retracement within the broader market context.
Traders should watch for bullish confirmation signals, such as bullish engulfing candles or higher lows, before entering long positions.
GBPNZD Approaching Support Level: Rebound Toward 2.19400?OANDA:GBPNZD is approaching key support level, marked by prior price reactions and strong buying interest. This level has historically acted as reliable demand area, signaling the potential for a bullish reversal if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this demand zone, we could see an upward move toward the 2.19400 level. This target aligns with a logical retracement within the broader market context.
Traders should monitor for bullish confirmation signals, such as bullish candlestick patterns or a series of higher lows, before considering long positions.
WMT Showing Bullish Momentum – Move Toward $99.00 ExpectedNYSE:WMT is demonstrating strong bullish momentum, driven by consistent price strength and support from key moving averages. The recent price action confirms buyers' dominance, with a clear uptrend evident on the chart. The stock has advanced steadily, breaking out of prior consolidation zones, and is now poised to target the $99.00 level, which serves as the next significant milestone.
This setup aligns with the expectation of a bullish continuation, offering a potential long opportunity if pullbacks or consolidations occur near current levels.
If you agree with this analysis or have additional insights, feel free to share your thoughts here!
NZDUSD Approaching Key Resistance – Potential Sell SetupOANDA:NZDUSD is approaching a key resistance zone. Previously, this level has acted as strong supply area, leading to a bearish reaction. The ongoing bullish momentum suggests that buyers might test this level soon. A bearish confirmation, such as a strong rejection pattern, bearish engulfing candles, or long upper wicks, would increase the probability of a pullback. If sellers step in, the price could move toward the 0.56570 level.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
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NZD-CAD Local Short! Sell!
Hello,Traders!
NZD-CAD made a nice
Recovery after a sharp
Fall then retested a
Horizontal resistance
Level of 0.8150 and we
Are already seeing a
Local bearish reaction
So we will be expecting
A further bearish move down
Sell!
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DXY Risky Long! Buy!
Hello,Traders!
DXY has been making some
Pretty wild moves on the
Recent geopolitical news
Lately so we need to be
Trading this index with
Caution, however, the
Dollar index is approaching
A horizontal support of 107.000
From where we will be
Expecting a local
Bullish correction
Buy!
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USDJPY - SHORT - 02/02/25On the daily timeframe, USDJPY is still on a retracement. This idea is based off of looking to continue with this trend and reach the daily tf FVG marked.
On the 30min, price has been reaching higher towards a 30min Order Block. This order block meets the criteria: 1.Swept Liquidity 2. Break of Structure 3. Prescence of Structural Liquidity.
The target being the previous structural low, with hopes of price continuing further down.
GBPJPY at Key Support: Potential Rebound AheadOANDA:GBPJPY is approaching a key demand zone, marked by prior price reactions and significant buying pressure. This zone has historically acted as strong support, suggesting the potential for a bullish reaction if buyers step in.
If the price confirms a rejection from this demand zone, I anticipate an upward move toward the 191.450 level, which aligns with a logical retracement level.
Traders should look for bullish confirmation signals, such as bullish engulfing candles or a series of higher lows, to validate potential long positions.
CHFSEK Approaching Support: Will Buyers Push Toward 12.1210?FUSIONMARKETS:CHFSEK is approaching a key demand zone, marked by previous price reactions and strong buying interest. This zone has historically acted as a support area, suggesting the potential for a bullish bounce if buyers regain control.
The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 12.12100 level. This target aligns with a logical retracement within the broader market context.
Traders should watch for bullish confirmation signals, such as bullish engulfing candles or strong buying volume, before considering long positions.
LEAD at Key Resistance Level - Correction Incoming?FUSIONMARKETS:XPBUSD is currently testing a significant resistance zone. Previously, this area has acted as a strong barrier, leading to bearish reactions. The recent rally into this zone suggests a potential for sellers to step in and drive prices lower.
A bearish confirmation, such as a strong rejection pattern, bearish engulfing candles, or long upper wicks, would increase the probability of a pullback. If sellers regain control, the price could move toward the 1,967.000 level.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva