Get started

Smctrading

SEKJPY at Major Resistance - Could it Reach 14.133?SAXO:SEKJPY is approaching a key resistance level that has previously triggered bearish reversals. While current bullish momentum has driven the price into this zone, it could present an opportunity for sellers to step in. If bearish signals such as rejection wicks or bearish engulfing candles appear, a move toward 14.133 could follow. On the other hand, a breakout above this resistance would invalidate the bearish bias and signal potential for further upside. Key Takeaway: Wait for clear rejection patterns before considering short positions.
Short
by TrendDiva
3
CADJPY - Bearish Continuation After Support BreakOANDA:CADJPY has broken through a key support level and is now retesting this level as resistance. If the resistance holds, it could pave the way for a deeper move downward, with the 106.600 level emerging as the next major area of interest. This level also aligns with a significant support zone, making it a critical area where buyers may attempt to regain control. Traders are advised to monitor for bearish confirmation signals, such as bearish engulfing candlestick patterns, rejection wicks, or strong selling volume at the retested resistance level. Such signals would reinforce the probability of a continuation to the downside. However, a decisive break back above the resistance zone would invalidate the bearish scenario
Short
by TrendDiva
1
USDJPY Key Support Broken — Bearish Momentum in PlayFOREXCOM:USDJPY has broken below a key support zone, indicating that sellers may have gained control. This area was previously a strong demand zone, but the decisive break suggests bearish momentum is taking over. The current market structure implies the potential for a retest of the broken support level, which could act as resistance before a continuation to the downside. If the price confirms rejection at the retest with bearish candlestick patterns or wicks, I anticipate a further decline toward the 153.700 level, where a stronger demand zone resides. This setup aligns with the concept of a classic break-and-retest scenario, where the market resumes the downward move after a corrective pullback.
Short
by DanieIM
1
NZDJPY Approaching Key Support Zone: Potential Buy SetupOANDA:NZDJPY is trading near a significant support zone marked by prior price reactions. This area has historically acted as a strong demand zone, leading to reversals in the past. The current price action suggests that the pair may soon test this zone again. If buyers regain control and we see bullish rejection patterns, such as pin bars or engulfing candles, the price could rebound toward the 88.091 level, which represents a logical target for this setup. If the price breaks below this support zone, further downside could follow. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
Long
by DanieIM
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.
Short
by TrendDiva
1
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!
Short
by TrendDiva
3
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!
FOREXCOM:COTTONLong
by DanieIM
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.
Short
by DanieIM
1
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.
Short
by DanieIM
3
GOLD TODAY'S EXPECTED MOVEIn this analysis we are focusing on 2H time frame for finding the upcoming moves and changes in Gold price. So let's see what's happens and which opportunity market will give us. Make sure Bearish confirmation must important, when you execute your trade. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. Feel free to share your thoughts on this in the comments below. I’d love to hear your reflections. #XAUUSD 2H Technical Analysis Expected Move.
FX:XAUUSDShort
by TradeTacticsreal
1
GBPCAD Approaching Resistance – Anticipating a PullbackOANDA:GBPCAD is approaching a key resistance zone. The current market structure shows a sharp rally into this zone, suggesting potential for pullback if sellers step in. I anticipate that if the price confirms rejection within this resistance zone, marked by bearish candlestick patterns or clear wicks, the market may move downward toward the 1.78455 level. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!"
Short
by DanieIM
SILVER at Key Resistance: Bearish Bounce ExpectedOANDA:XAGUSD has reached a critical resistance zone, marked by price rejections and strong selling interest. Recently, this area has consistently led to bearish reversals. If sellers regain control and rejection signals, such as bearish engulfing candles or strong upper wicks, appear, I anticipate a move toward 30.54973. If the price breaks above this resistance, however, it could invalidate the bearish scenario. Traders should monitor this level closely and wait for confirmation before entering short positions. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
OANDA:XAGUSDShort
by DanieIM
1
GBPJPY at Key Support – Bullish Bounce ExpectedOANDA:GBPJPY is approaching a significant support zone. The current market structure suggests the potential for a bullish reaction if price action confirms rejection through signals such as bullish engulfing candles, long lower wicks, or increased buying volume. If the support holds, I anticipate a move upward toward the 193.300 level, aligning with the expectation of a short-term reversal. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, potentially opening the door for further downside. Traders should remain cautious and wait for confirmation before entering long positions. Monitoring candlestick patterns and volume at this critical support zone is essential for identifying buying opportunities. Proper risk management is advised to navigate potential volatility.
Long
by DanieIM
1
USDNOK - Sell Opportunity After Support BreakOANDA:USDNOK recently broke through a significant support level, creating an opportunity for further bearish movement. The market is now retesting this level. A rejection off this area could push the price lower toward the 11.08069 level, confirming the breakout's strength. Conversely, a failure to hold resistance could indicate a continuation of the bullish trend. Traders should look for bearish confirmation signals, such as bearish engulfing candles or increasing sell volume, before entering short positions. What's your opinion on this potential short trade? Feel free to share below!
Short
by DanieIM
2
AUDCHF - Buy Opportunity After Resistance BreakOANDA:AUDCHF has broken above a significant resistance level, indicating bullish momentum. The price is retesting this broken resistance as support, providing a potential buying opportunity. If the support holds, I expect a move upward toward 0.57450, reinforcing the bullish trend. However, if the support fails, it could lead to further bearish momentum. Traders should watch for bullish confirmation signals, such as bullish engulfing candles or long bullish wicks, before entering trades. Do you see this playing out similarly? Let’s discuss in the comments below!
Long
by DanieIM
1
SILVER at Key Resistance Zone – Potential Correction Ahead?OANDA:XAGUSD is at a significant resistance zone. This level that has previously served as strong resistance. Price action within this zone suggests the possibility of a reversal if sellers regain control. The market structure points to potential trend exhaustion, with buyers losing momentum as the pair moves closer to this resistance area. If the price confirms a rejection from this zone, signaled by bearish candlestick patterns (e.g., bearish engulfing or long wicks), I anticipate a downward move toward the 30.44094 level. This target is realistic level for a potential correction.
OANDA:XAGUSDShort
by DanieIM
1
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.
Short
by DanieIM
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.
Long
by DanieIM
4