SMC
GBP-JPY Support Ahead! Buy!
Hello,Traders!
GBP-JPY keeps falling down
And the pair is locally oversold
So after the price hits the
Horizontal support level
Of 188.135 we will be
Expecting a local
Bullish correction
Towards the target of 191.500
Buy!
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Check out other forecasts below too!
NZDUSD Possible ShortsW1 : Bearish
D1 : Bearish
4H : Bearish with 4H OB presented
Narrative: Price has rebalanced the upper weekly Weekly Imbalance and gave a shift in market structure on 4H Time frame aligning with the bearish Bias. We can look for entry on lower timeframe if price retrace back to tap into that 4H OB and target upto the weak low.
GOLD - Potential Bullish Break & Retest SetupGold is currently trading above the $2,700 level, which previously acted as resistance and could now serve as support. If the price pulls back and buyers defend this level, it could confirm bullish momentum, leading to a continuation toward the next target at $2,712. However, failure to hold above the zone may invalidate this setup and signal potential bearish pressure.
This scenario aligns with the broader ascending channel structure, suggesting the potential for further upside if key support holds.
EURAUD: Bullish Outlook Explained 🇪🇺 🇦🇺
EURAUD looks bullish after a false breakout of a significant
intraday/daily demand zone.
As a confirmation, I see a bullish imbalance and a violation
of an intraday horizontal resistance on an hourly time frame.
I expect a movement up at least to 1.6596
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CADCHF – Potential Short Opportunity on RetestCADCHF has broken below a key support zone, indicating a shift in momentum to the downside. This zone previously acted as support and may now turn into resistance, aligning with the break-and-retest strategy.
A bearish confirmation, such as rejection candles, a bearish engulfing pattern, or slowing bullish momentum, would strengthen the case for continued downside. Should this scenario play out, the next target for sellers would be around the 0.63387 level.
Traders should remain patient and wait for the price to revisit the resistance zone and provide clear rejection signals before considering short positions.
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.
GBPJPY at Support – Bullish Bounce ExpectedGBPJPY is trading within a key demand zone, marked by historical price reactions and strong buying pressure.
The recent bearish momentum has brought the price into this critical support zone. Given the strength of this demand area, there is a high probability of a bullish rebound if price action confirms rejection (e.g., bullish engulfing candles or long lower wicks signaling buying interest).
I anticipate a bullish move toward the 192.66 level, which represents a logical target for this setup. This setup aligns with the expectation of a short-term recovery within the broader market context.
EURGBP Testing Resistance – Pullback Toward 0.8407 ExpectedThe EURGBP pair is approaching a key resistance zone, where sellers are likely to step in. The current structure suggests a potential rejection at this level, with the price expected to pull back toward the 0.8407 level, which represents a logical target for this setup.
This setup aligns with the idea of a short-term correction from resistance, offering a potential short opportunity if rejection is confirmed.
NASDAQ 100 Rebounding Within Ascending ChannelThe NAS100 is trading within an ascending channel and has recently rebounded from the lower boundary of the channel. The current structure suggests a potential move toward the $21,679.7 level, which aligns with a key resistance area near the midline of the channel.
If the price maintains momentum, this setup aligns with the idea of a trend continuation within the channel.
APPLE - Bullish Setup at Channel SupportApple stock has recently rejected a significant support zone, which aligns with the lower boundary of the ascending channel. This rejection was accompanied by a strong bullish candlestick, signaling renewed buying momentum. The price is now positioned for a potential move toward the $250.00 level.
This setup suggests further bullish continuation as long as the support zone holds. Traders may look for additional signs of buying strength as the price approaches higher levels.
SOLUSDT - Potential Buy Key Support LevelThe SOLUSDT pair is currently trading near a key demand zone, which has been a strong support area in the past. This level aligns with prior price reactions, suggesting a potential area where buyers may step in to drive the price higher.
The current market structure shows consolidation around this demand zone, hinting at a possible reversal if the price confirms support. A bullish bounce from this zone could lead to a move toward the $207.87 level, which aligns with a key resistance area and a potential target for this setup.
Traders should look for confirmation of a reversal, such as bullish candlestick patterns (e.g., engulfing candles or pin bars) or a break of short-term resistance to confirm the upward move.
Let me know your thoughts or if you see this differently! Feel free to share your insights in the comments.
DXY STRONG UPTREND|LONG|
✅DXY is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the index is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above at 110.289
LONG🚀
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GOLD: Short Setup from Key ResistanceThe XAUUSD pair is testing a key resistance zone, where selling pressure may emerge. The current structure suggests a potential short-term pullback as price consolidates at this level.
If the price confirms rejection from this resistance zone, I anticipate a move downward toward the $2,680.96 level, which aligns with prior price reactions and serves as a logical short-term target.
This setup aligns with the idea of a minor correction from resistance, offering a potential opportunity for a short-term trade.
GOLD – Potential Bullish ContinuationGOLD has recently broken above a key resistance level, signaling sustained bullish momentum within the broader ascending channel structure. This breakout aligns with the ongoing upward trend, reflecting the market's current bullish sentiment.
If the price revisits the $2,678.17 level for a retest and displays strong bullish confirmation—such as a rejection pattern, bullish engulfing candles, or consistent buying pressure—it would strengthen the case for further upside potential. Should this scenario unfold, the next target for buyers is the $2,691.72, a level that has previously attracted significant selling interest.
This setup reflects the broader bullish structure, offering potential opportunities for continuation trades. However, a failure to hold the retest level or a breakdown of the ascending trendline could challenge this outlook.
Traders are encouraged to monitor price action closely at the retest zone for clear signs of bullish momentum before committing to long positions.
USDCHF Breaks Ascending Channel – Bearish Move ExpectedThe USDCHF pair has broken below an ascending channel, signaling a shift in momentum. If the price will retest the zone at 0.91200, which previously served as channel support, this area may now act as resistance, aligning with a potential bearish continuation.
The market structure suggests further downside if the rejection holds at the current levels. I anticipate that the price will move downward toward the 0.90276 level, which represents a logical target for this setup.
This setup aligns with the idea of a trend reversal after a channel break, offering a shorting opportunity on rejection from resistance.
How To Do Multi-TimeFrame Analysis With TradingViewHey,
In this video I provide the two key laws that helped me with trading;
1. An imbalance on the higher time-frames is a range on the lower time-frames.
2. A run on the higher time-frames is a trend on the lower time-frames.
From this point of view, I share with you how I analyze the charts from Monthly to Weekly to Daily chart, and how I like to time the next few days of price-action.
The chart I use in this tutorial is GBP/USD.
Kind regards,
Max Nieveld