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**DXY Approaching Key Resistance – Potential Sell Setup**This DXY 1-hour chart suggests a potential sell opportunity around the 108.400 resistance zone. The price is approaching the marked "Possible to sell zone," and the analysis indicates waiting for bearish confirmation before entering a short position. Key Observations: - **Resistance Zone:** 108.400 area acts as a key resistance, previously causing reversals. - **Bearish Confirmation:** Suggested before entering a sell position. - **Downside Targets:** - **First Target:** 107.749 - **Second Target:** 107.444 - **Final Target:** 106.951 If price rejects this resistance with bearish price action, it could confirm a short setup. Conversely, a breakout above 108.400 may invalidate the bearish outlook.
TVC:DXYShort
by TRADE_CENTER_1
"JPY/USD Bearish Channel Analysis: Potential Reversal Near ResisThis chart shows JPY/USD moving within a clear descending channel, marked by a resistance trendline (upper boundary) and a support trendline (lower boundary). The price is respecting the structure of the channel, bouncing between these trendlines. ### Key Observations: 1. **Current Position:** The price is near the resistance trendline, suggesting a potential reversal to the downside in line with the channel's bearish trend. 2. **Projected Move:** Based on the arrow drawn, the expectation is for the price to move lower toward the support trendline. 3. **Trend:** The overall structure indicates a bearish market within this channel. ### Possible Action: - Look for selling opportunities around the resistance trendline with targets toward the lower boundary of the channel (support). - Watch for a breakout from the channel if momentum builds significantly, as this could indicate a change in the trend.
Short
by TRADE_CENTER_1
Gold Approaching Key Resistance Berish Rjction or Bullish BrkoutBased on the chart provided: ### Key Observations: 1. **Resistance Zone**: - Price is approaching a strong resistance zone around 2,720–2,740, as indicated by the shaded area. - Previous interactions with this level suggest potential rejection, making it a critical zone for monitoring price action. 2. **Target Levels**: - **1st Target**: 2,680 – a minor support level where price might pause or bounce if rejection occurs. - **2nd Target**: 2,640 – a key mid-level support area aligned with historical price structure. - **3rd Target**: 2,623 – a stronger support zone near the previous low, offering a potential bounce zone. 3. **Risk-Reward Setup**: - A clear risk zone (stop-loss) is placed above the resistance zone (around 2,759), indicating a bearish outlook. - The trade setup assumes a rejection from the resistance area, with the first target likely to hit before deeper retracements. 4. **Market Context**: - Recent bullish momentum may face exhaustion as it approaches resistance, especially if accompanied by reduced volume. - The "Change of Character" (ChoCh) annotations suggest a possible shift in momentum around the resistance zone. ### Potential Trade Scenarios: 1. **Bearish Rejection**: - Look for bearish confirmation signals (e.g., bearish engulfing candles, rejection wicks) around the 2,720–2,740 zone. - Short entry: Near 2,720–2,730. - Targets: 2,680, 2,640, and 2,623, in that order. 2. **Bullish Breakout**: - If the price breaks above 2,740 with strong momentum, invalidate the bearish scenario. - Look for a retest of the 2,740 level as new support for long positions. - Target: 2,770–2,800. ### Additional Notes: - **Divergences**: Check for any bearish divergences in RSI or MACD to confirm weakness near the resistance zone. - **Economic Events**: Be cautious of news or data releases that may increase volatility in gold.
OANDA:XAUUSDShort
by TRADE_CENTER_1