GOLD, NAS, & BTC Daily Overview: Whole Market BleedingDXY is fundamentally bullish but this recent bearish retrace has allowed us to put risk on for a few weeks but the last few sessions have been hungry for correction.
We all know that before we can continue to rally, it will be wise to allow the market to collect more supporters at better pricing. This alongside inefficient price delivery zones will make easy targets for sellside revisit market wide.
Supply and Demand
Platinum at Key Support Zone – Will Buyers Step In?OANDA:XPTUSD is approaching a significant support zone, marked by prior price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bullish bounce if buyers step in.
If the price confirms support within this zone through bullish price action—such as long lower wicks or bullish engulfing candles—we could see a reversal toward 978.700, a logical target based on previous market structure and price behavior.
However, if the price breaks below this support zone and sustains, the bullish outlook would be invalidated, potentially leading to further downside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
GBPNZD at Key Resistance: Rebound Toward 2.20986?OANDA:GBPNZD has reached a significant resistance zone, marked by historical price rejections and strong selling pressure. This area has previously acted as a key supply zone, increasing the probability of a bearish reaction if sellers regain control.
The current market structure suggests that if price confirms a rejection from this resistance zone, we could see a potential drop toward the 2.20986 level. This level aligns with previous price reactions and serves as a logical downside target. However, a break and close above this resistance zone would invalidate the bearish bias and could signal further upside continuation.
Traders should look for bearish confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions.
This setup reflects the potential for a pullback after a strong bullish move, supported by historical price action and market structure.
Do you agree with this analysis? Share your thoughts in the comments!
AUDUSD at Key Demand Zone – Potential Rebound?OANDA:AUDUSD has reached a significant demand zone, marked by historical price reactions and strong buying pressure. The recent decline has brought the price into this key support area, increasing the likelihood of a potential bullish reaction.
If buyers step in and confirm support within this zone, we could see a rebound toward the 0.63260 level, aligning with a corrective move after the recent sell-off. However, a break below this demand zone would invalidate the bullish bias and could signal further downside continuation.
Traders should watch for bullish confirmation signals such as rejection wicks, bullish engulfing patterns, or increased buying volume before considering long positions.
Do you agree with this analysis? Let me know your thoughts!
NAS100 at Key Support – Bullish Rebound Ahead?PEPPERSTONE:NAS100 is currently testing a major demand zone, which has previously acted as strong support. The recent bearish move has brought price into this key area, increasing the probability of a potential bullish reversal.
If buyers step in and defend this zone, we could see a bounce toward the 21,655 level, aligning with a short-term recovery from the current dip. However, a break and close below this support zone would invalidate the bullish bias and could lead to further declines.
Traders should look for bullish confirmation signals such as rejection wicks, bullish engulfing candles, or a shift in momentum before considering long positions.
Do you agree with this analysis? Drop your thoughts below!
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Bearish momentum gaining tractionMarket Analysis:
The current market structure is unfolding with clarity, exhibiting a familiar technical pattern. The price action initiated with a consolidation phase, characteristic of accumulation, followed by a bearish rally to the order block at 0.81400. This rally successfully broke the previous higher high, transitioning into a manipulation phase.
Subsequently, bearish momentum gained traction, reaching the swing low and executing a slight liquidity sweep. The price then marginally rebounded to respect the immediate internal supply zone at 0.81600. A significant rejection occurred at this supply zone, culminating in the clearance of the swing low and resulting in displacement.
Given this shift, the market is anticipated to reverse to the upside, facilitating a liquidity sweep and mitigation of the fair value gap. This final lag of the technique is expected to provide a bearish entry for the distribution phase, targeting the rejection block.
Trade Setup:
- Entry: 0.81700
- Stop Loss: 20 pips at 0.81900
- Target: 100 pips at 0.80700
Wesfarmers Ltd Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Wesfarmers Ltd Stock Quote
- Double Formation
* (Area Of Value)) | Completed Survey
* Trendline Crossing | Entry Feature & Long Support | Subdivision 1
- Triple Formation
* ABC Flat Feature | Short Term Bias | Subdivision 2
* 1.618 Retracement Area | 2nd Retracement | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias))
* (Uptrend Argument)) & Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
BTC/USDT 30M Chart🔹 Asset: Bitcoin (BTC/USDT Perpetual Futures)
🔹 Timeframe: 30M (30-Minutes)
🔹 Exchange: MEXC
📊 Market Overview:
BTC remains in a strong downtrend, respecting a descending trendline. Recent price action suggests a potential short-term reversal or pullback, contingent on bullish confirmation at the marked reversal area.
📉 Key Technical Insights:
✅ Lower Highs & Trendline Resistance: BTC is struggling to break above a key diagonal resistance, reinforcing the bearish structure.
✅ Reversal Area: A key demand zone has been identified around $83,500 - $83,000, where buyers may step in.
✅ Candle Confirmation Needed: A bullish engulfing or hammer candlestick formation in the reversal area could signal a pullback towards $84,500 - $85,000.
📌 Potential Trade Scenarios:
🔻 Bearish Continuation: If BTC fails to hold the reversal area, further downside towards $82,500 or lower is likely.
🔺 Short-term Bullish Reversal: A confirmed bullish candlestick formation could push BTC back to $85,000, where sellers might re-enter.
📢 Final Thoughts:
BTC is in a downtrend, but a temporary relief rally is possible if strong bullish confirmation appears at the support zone. Traders should wait for price action signals before entering.
🔔 Stay alert and manage risk wisely! 🚀
Are You Ready to Cash In BIG!Crude oil prices are approaching a major buying zone, and this could be your golden opportunity to enter the market before the next big move 💰 Are we about witness a massive rally? In this Chart I'll Break down key technical levels, market analysis, and trading strategies to help you capitalize on this setup.
Your Ultimate destination for insights into Forex, Commodities, and Cryptocurrency trading. With over a decade of experience (FX Insight Hub) and his team focus on empowering traders through price action strategies, money Management, and trading psychology the essential pillars of success in today's market's.
AUDCAD at Key Resistance – Will Sellers Step In?OANDA:AUDCAD has reached a significant resistance zone, highlighted by previous price rejections and strong selling pressure. This area has historically acted as a supply zone, increasing the likelihood of a pullback if sellers step in.
The current market structure suggests that if the price confirms a rejection from this resistance, we could see a move lower toward the 0.90200 level, a logical target based on past price behavior and current market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
SOLUSD Weekly Outlook: Bullish Shark PatternUPDATE
Bullish Shark Completion & Emerging Divergence
Shark Pattern in Play: Following our previous analysis, BINANCE:SOLUSD has completed the Bullish Shark pattern at the 0.886–1.13 retracement of the 0-X leg. Price action is now reacting around this deeper PRZ, suggesting a potential reversal may be underway.
DMI Delta Divergence: We’re seeing a bullish divergence between price and the DMI Delta—an early sign that bearish momentum could be fading. This divergence reinforces the likelihood of a bounce from the current levels.
If this divergence is confirmed with a strong bullish candle or surge in volume, it may validate the Shark pattern and open the door for a trend reversal. Keep stops below the 1.13 extension to manage risk, and watch for price targets around the 38.2% or 61.8% retracement of the new leg.
WHEAT at Key Support Zone – Bullish Bounce ExpectedPEPPERSTONE:WHEAT has approached a key support zone, marked by previous price reactions and strong buying interest. This area has previously acted as a demand zone, increasing the likelihood of a bullish bounce if buyers step in.
The current market structure suggests that if the price confirms support within this zone, we could see a reversal toward 573.0, a logical target based on prior price behavior and current structure. A clear bullish signal, such as a rejection wick or bullish engulfing candle, would strengthen this outlook.
However, if the price breaks below this support zone, the bullish scenario may be invalidated, signaling potential further downside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
RUNE ACCUMULATION PHASEIf you can see the chart this way, you are probably a day trader. You can clearly identify the levels of support, resistance, and accumulation zones. It's easy to trade ranges like these.
Currently, RUNE is accumulating well, but you should be careful because of BTC. As I mentioned previously, it could go lower. No one knows how RUNE will react to this, but it could potentially enter a dip zone and form a second bottom on the 1W chart. The 4H chart may be forming a local trend with a clear trendline at 1.330, but be careful.
Gold changing structure XAUUSD update | D1 TIME FRAME 🙌
Things are really interesting in daily candle and you guys can seem that there is red line 2863.4 which is showing the lowest Support
If this area have been break we will see a new Bearish bias While rejection from 2876.064 and candle should be above from that region
It will lead us 2890 - 2902.00 - 2912.00 ❗️
ALL YOU NEED TO STICK WITH ONE MENTORSHIP 👋
Google Likely On SupportGOOGL is likely finding support on $174. It's following the panic trend right now as almost everything Computer/Tech has been sold deep into support bids. GOOGL finding support here along with AMZN at $214 leads to my theory IXIC is ready to break resistance.
If it fails to hold $174, then the major support at $148 should lift it back up towards it's final target (or next major support) of $252.
Good luck!
A BEAR TRAP coming up!!??As we can see NIFTY has formed more like an inverted flag-pole structure which signified bearish continuation but since it is trading around strong demand zone, it can potentially give false breakdown resulting in a TRAP and this trap could potentially change the overall structure of the market and can close inside the pattern hence we should wait for closing below the pattern to confirm the breakdown else the bear trap could trap us so plan your trades accordingly.