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SMC

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!
TVC:DXYShort
by DanieIM
1
Bullish Bias Until Opposing DisplacementClassic SMC concept: Price at Premium area, in order to gather liquidity it has to go to Discount area. Lets break down it into available Week unfolding Scenario: Scenario A: The easiest target for Price is to take PWH (Premium) and then we may face the some sort of displacement it could create Daily/4h -OB then we may trade up to Thursday for having Bearish Bias (short term) by keeping in mind Bullish Bias intact in mind (long term). Scenario B: Price may drop into FVG:BISI(4h) and may turn Bullish and then we may notice FVG creation on Monday and may ride Tuesday retracement to frame Bullish trade up to Thursday/Friday.
TVC:DXY
by Arrsalaan
1
Bearish move coming up for XAUUSD?Daily timeframe: Price is currently trading around 2689, with price action hovering around our HTF OTE zone (2685-2696.4). H4 Timeframe: Price is currently trading within our H4 ascending channel and has met with our H4 SnR zone + at the resistance trend line. I would expect a minor push up before a nice breakout sell soon, this is also supported with DXY’s price actions as I would expect DXY to retrace a little to an area of discount before pushing up higher. Furthermore, fundamental news thus far puts the US Market in a good condition for more growth, and hence, putting technical and fundamental analysis together, I would expect a correction for XAUUSD in the following days/weeks. Stay tuned!
OANDA:XAUUSDShort
by joashpty
Bearish move coming up for XAUUSD?Daily timeframe: Price is currently trading around 2689, with price action hovering around our HTF OTE zone (2685-2696.4). H4 Timeframe: Price is currently trading within our H4 ascending channel and has met with our H4 SnR zone + at the resistance trend line. I would expect a minor push up before a nice breakout sell soon, this is also supported with DXY’s price actions as I would expect DXY to retrace a little to an area of discount before pushing up higher. Furthermore, fundamental news thus far puts the US Market in a good condition for more growth, and hence, putting technical and fundamental analysis together, I would expect a correction for XAUUSD in the following days/weeks. Stay tuned!
OANDA:XAUUSDShort
by joashpty