CADCHF: Bull Trap & Confirmed Bearish Movement 🇨🇦🇨🇭
CADCHF looks bearish after a false violation of a key horizontal
daily resistance.
The price formed a strong bearish imbalance
and violated multiple intraday supports.
I think that the pair will reach 0.6276 support soon.
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Smcsignals
SOLUSDT.P / Perpetual / SHORTSOLUSDT pair may come down from the bearish order block.
SOLUSDT is positioned at a significant bearish order block between 156.92 and 153.98, which could indicate a potential downturn. Based on Smart Money Concepts (SMC) analysis, the price is currently testing this bearish order block, and we can anticipate that the sellers might begin to exert pressure on the market. There is a high probability that the price will reverse from this zone, as historical price action often respects these levels.
Given the current market structure, it is crucial to monitor how price reacts within this zone. The likelihood of a downward move increases as buyers struggle to push the price higher. As always, it's essential to manage risk and consider confirmation before entering a trade. Let's observe how this setup unfolds!
I suggest that :-
Entry price :- 153.98
Take Profit :- 149.15
Stop loss :- 158.81
GBPNZD: Bear Trap & Potential Bullish Movement 🇬🇧🇳🇿
GBPNZD is trading within a wide horizontal range on a 4H time frame.
Its support was tested yesterday.
Analysing the price action on an hourly time frame,
we can see a bearish trap, followed by a strong bullish imbalance
and confirmed change of character.
With a high probability the market will start recovering soon and reach
at least 2.124 level.
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#AUDJPY: Targeting 105.00 area and beyond|AUDJPY| SetupsFX_|Dear Traders,
Similar to our other JPY chart analysis, we expect the same with AUDJPY, prices is likely to touch one more time 105 region or go beyond that. Possible entry is when drop a little and there we can get a better entry. Good Luck and Trade Safe.
#XAUUSD: Created Yearly High, $2200 is very much next Target! Gold reached a record high target yesterday, making a significant move. However, price is still bullish and far from dropping, in our view price can go beyond $2200 or more. March tends to remain bullish as we had explain in our previous ideas and we still suggest the same thing. Price of Gold will be unpredictable. We have possible two entries, if it matches your analysis or bias then do use the idea as learning purpose and manage your own risk.
Good Luck
XAUUSD: Imbalance filled, What next?$1990 area had to be filled, we previously had identified this 'imbalance level' and have been waiting for price to fill the area so that we can have a clear view. Since price have filled the area. Now we can see price going towards 2020 and then 2050 only if DXY remain week and other economic data support Gold to rise. In other case, price can drop to 1900$ and rebound from there. We will have to wait and see how prices behave.
Good luck and trade safe!
GBPAUD: Is that a SMC Setup? 🇬🇧🇦🇺
As I predicted, GBPAUD dropped yesterday.
The price is approaching a solid rising trend line on a daily at the moment.
On an hourly time frame, we can its false violation and a formation
of a strong bullish imbalance then.
Feels like the price may go higher.
Goals: 1.944 / 1.9485
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US30 - SMC Idea 4h --> 1h --> 15minUS30 - SMC Idea (4h --> 1h --> 15min)
1- A change of character (CHoCH) on the 4-hour chart creates an Order Block in the same timeframe.
2- We have a change of character (CHoCH) on the 1-hour chart that creates an order block (OB) and a point of interest (POI) with a 4-hour Order Block.
3- We have a Change of character (CHoCH) in 15min that creates an Order block (OB) in 15min and a Point of interest (POI) with 1h & 4h Order blocks.
Weekly Outlook - SMC Daily AnalysisWeekly Outlook + Daily Analysis for AUDUSD
Daily Chart
s3.tradingview.com
After a reaction from a flip zone on the daily decisional demand we can see that more recent price action caused a daily change of character. At this point, we can start to anticipate the possibility that the higher time frame is going to turn around and continue the swing trend bearish.
4hr Chart
s3.tradingview.com
After a daily bos or change of character we can now expect a retracement to a daily discount level (if not a sweep if the daily high to form a failed higher high on the daily)
We can see that the 4hr is clearly bullish, heading to a deeply discount range, if not to clear the daily high.
15m chart
s3.tradingview.com
Here is the general expectational order flow that we can look for trade setups within. We understand "what should happen" while simultaneously trading "what is happening" , in other words lets continue to trade with the 4hr and 15m trends until we get a very clear indication of market reversal.