EUR-CAD Strong Breakout! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair has
Made a bullish breakout of
The key horizontal level
Of 1.5041 and the breakout
Is confirmed so we are
Bullish biased and we
Will be expecting a further
Bullish move up
Buy!
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SMC
USDJPY – Break & Retest Short SetupThe USDJPY pair has recently broken below a key support level. This area could potentially act as resistance, presenting a classic break-and-retest scenario.
A bearish confirmation, such as rejection wicks, bearish engulfing candles, or strong selling pressure, would validate the potential for a short setup. If sellers step in at this level, the next downside target could be the 154.537 zone.
Traders should monitor the retest closely for clear signs of rejection before committing to short positions.
Retrace, Test, Bounce—The Path to ATHI believe that after we shifted to a bullish structure by forming a new Lower high, the Higher Low (HL) will now test the daily timeframe fair value gap (FVG) before bouncing to a new high, which I expect to be a new all-time high (ATH).
Not trading advice—just sharing my thoughts out loud. Good luck, everyone! 🚀
GBPCAD - Bearish Momentum Expected from Resistance ZoneOANDA:GBPCAD is currently testing a significant resistance zone. This level has previously acted as resistance, leading to a bearish reversal. The recent upward momentum into this zone suggests a potential for sellers to regain control and push prices lower.
A bearish confirmation, such as a rejection candle, bearish engulfing pattern, or signs of fading bullish momentum, would indicate an increased likelihood of a move downward. If this scenario unfolds, the price could head toward the 1.78220 level.
This setup aligns with a potential short-term correction after an impulsive move. Traders should wait for confirmation of selling pressure before considering short positions.
This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!
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Key resistance level 101k) 105k)107k) 109k)
Key support level 98k) 97k)
Mr SMC Trading point
Support 💫 My hard analysis setup like And Following 🤝 me that star ✨ game 🎮
Trading plan for the last week of JanuaryI am still focusing on the buy side because the chart shows a strong uptrend. I've set the CHoCH point at 2735.
As long as the chart remains within this swing and does not break below 2735 , I will continue to look for buy opportunities in the zones I have identified.
DXY - Potential Sell At Key ResistanceThe DXY is approaching a key resistance zone, which has historically acted as a strong supply area. This level has seen multiple price rejections in the past, making it a critical area of interest for potential reversals.
The current uptrend has brought the price back into this resistance zone, but there are signs of potential trend exhaustion as the price tests these levels. If the price confirms rejection with bearish signals, such as reversal candlesticks or divergence on oscillators, we could see a downward move.
I anticipate that, upon rejection from this resistance zone, the DXY may head lower toward the 107.548 level. This setup aligns with the idea of a short-term correction within the broader market context.
Let me know your thoughts on this analysis or if you see a different perspective! Feel free to share your insights in the comments!
Brent Crude Oil At Key Resistance - Will It Drop to 78.00?ICMARKETS:XBRUSD is at a key resistance area, marked by historical price reactions and strong selling pressure. This zone has been a reliable turning point for bearish reversals in the past.
If bearish confirmation emerges, such as strong upper wicks or bearish candlestick patterns, I expect the price to move toward 78.00. A breakout above this resistance, however, would invalidate the bearish scenario.
Traders should remain cautious and use proper risk management when approaching this level.
COTTON: Buy Setup at Key Support ZonePEPPERSTONE:COTTON is trading within a significant demand zone, marked by prior price reactions and a strong historical support area. This zone has previously acted as a pivot point for bullish reversals, suggesting a high-probability area for buyer interest.
I anticipate that if the price confirms a rejection within this demand zone, the market may move upward toward the 6,824 level, which represents a logical target within the current market structure.
If you have any additional insights or a different perspective, feel free to share your thoughts in the comments!
EURAUD Testing Key Resistance Zone: Potential Sell SetupOANDA:EURAUD has reached a significant resistance zone, marked by historical price rejections. The recent bullish momentum has brought the price into this key resistance zone, where sellers have previously gained control. The current market structure suggests the potential for a reversal, as this level has consistently acted as a barrier to further upward movement. If the price confirms a rejection from this resistance zone, such as with bearish candlestick patterns or wicks signaling strong rejection, I anticipate a move downward toward the 1.66246 level.
Patience is key—look for confirmation signals before taking any short positions.
GBPCAD at Key Resistance Zone: Potential Sell SetupOANDA:GBPCAD has reached a key resistance zone. The market structure suggests a possible reversal as buyers may face exhaustion. If the price shows rejection through bearish patterns or wicks, I expect a move down toward the 1.78455 level. However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
This setup signals a potential correction after the bullish trend. Wait for confirmation before entering short positions.
EURUSD 27 Jan 2025 W5- Intraday - EU Lagarde / US Home SalesThis is my Intraday analysis on EURUSD for 27 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Tariffs will remain a key driver of market volatility, heavily influenced by Trump's shifting tone. While the market initially welcomed a "risk-off" sentiment following his announcement of a modest 10% tariff on China—interpreted as avoiding a full-blown trade war—Trump has since shaken markets by imposing a 25% tariff on Colombia. There are also rumors circulating that similar measures could target Canada and Mexico as early as Saturday, February 1.
Tariffs are likely to be the primary market mover for the foreseeable future, so it's essential to stay vigilant and mindful of potential rumors. Trump’s unpredictability isn’t going anywhere 😁—adapt accordingly!
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹Currently price at a Daily Supply Zone that can initiate at least INT Structure Pullback and may extend to Swing Pullback to at least Swing EQ (50%)/Daily and Weekly Demand.
3️⃣
🔹Expectation is price to initiate a pullback for the Bullish INT structure and then continue bullish from demand to target the Daily INT High/Weekly Liquidity.
🔹With today market open, price created a Bearish CHoCH to initiate the INT Structure Pullback.
🔹More development required on LTFs/Intraday Analysis.
15m Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bearish
🔹Swing Pullback Phase
2️⃣
🔹After the Bullish iBOS we expect a Swing Pullback, INT structure turned bearish to facilitate the 15m Swing Pullback.
🔹With the bearish iBOS, a pullback is expected during the session today.
3️⃣
🔹Expectation is set to bearish to facilitate the Swing pullback to at least the Swing EQ/4H-Daily demand zone which is well positioned in Swing Discount.
I’m looking for:
🔹Shorts from the INT structure Supply Zone positioned within the 4H Supply Zone only if we didn’t mitigate the 4H Demand.
🔹Longs from the 15m Demand within the 4H Demand zone for the 15m Bullish Swing and 4H Bullish INT Structure continuation.
EURUSD - JANUARY 27, 2025Right now, I’m expecting price to react from the 1.04699 zone, which is an important area on my chart. If price shows signs of bouncing from this level on the 5-minute chart, I’ll be looking for opportunities to go long (buy) targeting the Daily high.
What Happens If Price Doesn't Hold?
If price doesn't hold at 1.04699, I’ll shift my focus to looking for short (sell) opportunities down to the 1.04200 zone. This area is interesting because it lines up with several important technical factors:
A 15-minute Breaker Block, which is a level where price has reacted before.
A 15-minute Fair Value Gap (FVG), which represents an imbalance in the market.
A 15-minute Order Block (OB), which is a strong area of interest for potential buyers.
Key Things to Keep in Mind:
Now, the 1.04200 zone also lines up with the daily low, which is at 1.04112. This means price might sweep below that level to grab liquidity before moving higher.
If that happens, I’ll be watching the 1.04052 zone, where there’s a 5-minute Order Block that could act as strong support. If I see a bullish shift here, I’ll consider buying with an upside target at the daily high of 1.05211.
USD-CHF Risky Long! Buy!
Hello,Traders!
USD-CHF is trading in an
Uptrend and the pair is
Making a bearish correction
But the price will soon hit
A horizontal support of 0.9020
And after the retest we will
Be expecting a local
Bullish rebound
Buy!
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HTF PREMIUM LIQUIDITY ATTACKIt seems to me like the market will continue to be bullish. The target for this week is the Weekly High (22111.00) which would mean All Time High for ES (given the effect of President Trump that is a very likely scenario). Coupled with the Premium Liquidity are the Premium levels of an old Opening Range Gap and a 1H FVG. If it trades there and bullish PDAs support price it might run for the ALT.
On Friday, the market already drop below a Daily Low and filled the ORG around 50% which could be enough to project price higher (potential Daily IOFED). Although there still are two Daily Discount FVGs and a 4H Breaker where price could trade to before running. Therefore, I want to see how price trades on Monday / Tuesday and depending on the signatures I will trade it accordingly.
Next Week’s Market Forecast: Potential Price Correction:Next Week’s Market Forecast:
Potential Price Correction:
Since the price is near the Premium Zone and a resistance level, a short-term correction towards support levels may occur.
Key Support Levels to Watch:
Equilibrium Zone: A strong support zone around $2720 - $2730.
Discount Zone: Lower support at $2617 - $2630, where buyers may step in.
Continuation of the Uptrend:
If the price breaks above the current resistance (Weak High at $2778 - $2780) and consolidates, it may continue its bullish momentum.
Critical Levels for Traders:
Monitor price action at resistance zones to confirm rejection or breakout.
Use BOS and CHoCH signals to align trades with the trend.
Key Support and Resistance Levels:
Resistance Levels:
$2780 - $2800:
A major resistance zone (Premium Zone), likely to cause selling pressure.
$2775 - $2778 (Weak High):
Another strong resistance, which could lead to price rejection.
Support Levels:
$2720 - $2730 (Equilibrium Zone):
An initial support zone for potential price rebounds.
$2700 - $2710 (PDL):
Another strong support level from previous daily lows.
$2617 - $2630 (Discount Zone):
A major demand zone for potential bullish reactions.
Suggested Trading Strategy:
Resistance Reaction:
If the price reaches $2778 - $2780 and shows weakness, consider short-term selling opportunities targeting lower support levels.
Support Reaction:
If the price drops to $2720 - $2730 or $2700 - $2710 and reversal patterns emerge, look for buying opportunities.