AUD/USD Potential Breakout from Descending TrendlineThe AUD/USD pair is approaching a critical breakout point from a descending trendline on the 1-hour timeframe. A series of higher lows indicate bullish momentum building up. If price successfully breaks above the trendline resistance, it could trigger a move toward the 0.63200 supply zone.
Key Observations:
Probable Breakout: Price is testing the descending trendline resistance.
Higher Lows Formation: A sign of buyers gaining control.
Risk-to-Reward: The setup targets a 1:2 risk-to-reward ratio.
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Forex market
Bearish outlook remains intact near 1.0300The EUR/USD pair continues to extend its decline, reaching around 1.0305 in the early European session on Tuesday. The U.S. dollar strengthened after U.S. President Donald Trump announced a significant increase in tariffs on steel and aluminum imports and stated that he would unveil reciprocal tariffs against other countries in the coming days.
From a technical perspective, the bearish outlook for EUR/USD remains intact, with two key resistance levels at 1.0396 and 1.0329. While the pair is encountering resistance at the 1.0329 level, breaking through this level does not necessarily indicate a strong upward movement, as the pair still faces the previous resistance at 1.0396. If the downtrend continues, the pair could potentially decline towards the 1.0210-1.0200 range.
Recommendation: Given the current bearish outlook and strong resistance levels above, entering a **sell** position around the 1.0329 or 1.0396 levels could offer a profitable opportunity. However, be cautious of fundamental factors that could change rapidly, especially any announcements from the U.S. government regarding tariffs.
CAD/JPY Bullish Reversal from Demand Zone?CAD/JPY is showing signs of a potential bullish reversal after testing a key demand zone around 105.00-105.50. The presence of buyers in this area confirming potential upward momentum.
Price action indicates a break of the descending trendline, signaling a shift in market structure. If bullish momentum continues, the next key resistance to target is around 107.97.
A long position could be considered with an entry near 106.00, a stop loss below the demand zone, and a potential take profit at 107.97.
Key Factors:
✅ Presence of buyers in demand zone
✅ Trendline break & liquidity sweep
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AUD/USD Rejection at Key Resistance – Potential Downside Ahead?The AUD/USD pair has once again rejected a strong supply zone around 0.6300, signaling potential downside pressure. The recent bullish momentum was halted as the price entered a key resistance area, aligning with a bearish structure.
Key factors influencing this setup:
1️⃣ Resistance Rejection: Price faced rejection from the blue zone, confirming selling pressure.
2️⃣ USD Strength: The USD still has space to move towards the next resistance, showing short-term bullishness.
3️⃣ Fundamental Bias: AUD remains weak due to ongoing trade war fears with China.
If the price holds below the rejection zone, we could see a drop toward 0.6180 and beyond. Bears will be watching for further confirmation before entering aggressively.
📉 Bearish bias unless price reclaims resistance. What are your thoughts on this setup? Let me know in the comments! 🚀
GBPUSD - BULLISH MOMENTUM TO CONTINUESymbol - GBPUSD
The GBPUSD pair has been showing strong bullish momentum, particularly after the reversal from the mid-January low and the recent rise back to 1.2500 The price action suggests potential for further upside, with 1.2700 emerging as the next key resistance level. Buying the dips remains the most favorable strategy in this context.
Currently, the price is attempting a local trend reversal. It has breached the resistance of the descending price channel and is consolidating above this level, within the buying zone. The underlying fundamental conditions, however, remain complex and unstable, influenced significantly by President Trump's policies and the ongoing tariff disputes with various countries. Sudden, sharp statements continue to have a notable impact on market sentiment.
Technically, the price is breaking through the resistance of a prolonged downtrend, offering an opportunity for a shift in the local trend. A breakout above the resistance at 1.2490, followed by consolidation above this level, could encourage further bullish momentum.
Key resistance levels: 1.2490, 1.2600, 1.2750
Key support levels: 1.2415, 1.2380
The price may test the previously broken channel resistance before continuing its upward movement. However, the 1.2490 level remains crucial. Should the bulls maintain support above this area, the currency pair may experience a short-term rally.
EURUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
AUDUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
AUDUSD can move both side.AUDUSD current level should act as a support zone 0.62-0.58. If it breaks there will be massive downfall as per the pattern overview. 0.52 and 0.47 will be next stop. On contradiction there is also bullish wedge pattern forming which could also kill the sellers. One can easily try the big long with 2% SL & target above 10% 20%. If SL hit just reverse the position for bottom level liquidity targets. 0.54 0.52 0.47
EURUSD looking super bearish long termEURUSD somehow not able to sustain at the higher levels falling from the bearish wedge pattern. Creating multiple tops and not looking confident at higher level. RSI is also suggesting more selloff pending from the current levels. Uptrend will only positive if it sustains above 1.06300. Otherwise i can see it is ready to hunt the liquidity levels of 0.974 0.964 0.953
EUR/USD Daily Chart Analysis – Smart Money Perspective
Current Market Bias: Bearish
The price action indicates that the overall structure remains bearish, with lower highs and lower lows being formed. Despite recent bullish retracements, the price has failed to break key resistance levels, signaling that sellers remain in control.
Key Areas on the Chart:
1. Order Block (OB) & Fair Value Gap (FVG) Zone:
• The highlighted gray zone represents an order block (OB), which is a supply area where institutions likely placed large sell orders.
• The presence of a fair value gap (FVG) within this zone indicates an inefficiency in price, making it a strong area for potential reversals.
• Price recently tapped into this area and reacted downward, confirming bearish momentum.
2. Liquidity Grab Possibility:
• The lower dashed line represents a previous swing low, where liquidity (stop-loss orders) is likely resting.
• Smart Money often seeks liquidity before reversing or continuing trends.
• There is a high probability that price will sweep this low before any potential bullish move occurs.
3. Market Structure Shift for a Bullish Setup:
• Although the bias remains bearish, a market structure shift (MSS) is required before considering any long (buy) setups.
• A key level to watch is 1.05351, where a break above could signal a reversal.
• Until then, selling pressure is likely to dominate.
Conclusion & Trade Plan:
• Bearish bias remains active.
• Price might sweep the previous low to grab liquidity before a potential reversal.
• A confirmed market structure shift above 1.05351 is required for bullish confirmation.
• Until that happens, traders should focus on shorting opportunities near supply zones or order blocks.
Final Thought:
By following Smart Money Concepts (SMC), traders can align their trades with institutional movements. Patience is key—wait for confirmations before entering positions. Keep an eye on liquidity sweeps and market structure shifts for the best trade setups.
EUR/USD wobbles ahead of US NFP reportEUR/USD is currently stable around the 1.0400 level, but the outlook for the Euro (EUR) remains uncertain due to concerns that the Eurozone may face losses from higher tariffs imposed by U.S. President Donald Trump. Last weekend, President Trump warned that Europe would certainly face tariffs for not buying enough U.S. goods, although he did not provide many details.
From a technical perspective, the EUR/USD pair could face downward pressure in the short term. The support level at 1.0228 is preventing the pair from dropping further, while the resistance at 1.0418 is the main reason for the temporary decline.
To manage risk, you may set a **Stop Loss (SL)** at 1.0450, just above the resistance level to protect against further upward movement. **Take Profit (TP)** can be set at the support level of 1.0228, where the pair may find stability and potentially recover. However, these levels can be adjusted based on your strategy and trading time frame.
USDJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
How to draw support and resistance?Drawing **support and resistance** levels is a key aspect of technical analysis. These levels represent areas where the price tends to reverse or stall, providing key insights into market behavior. Here's how to draw them in brief:
### 1. **Support**
- **Definition**: A price level where a downtrend is expected to pause or reverse as demand increases. It's the floor of the price action.
- **How to Draw**:
- Look for areas where the price has bounced higher multiple times in the past. These are points where buyers have stepped in.
- Draw a horizontal line at the lowest price points in these areas.
- Strong support is confirmed when the price touches the same level multiple times without breaking it.
### 2. **Resistance**
- **Definition**: A price level where an uptrend is expected to pause or reverse as selling pressure increases. It's the ceiling of the price action.
- **How to Draw**:
- Identify areas where the price has consistently faced downward pressure or reversed. This is where sellers have entered the market.
- Draw a horizontal line at the highest price points in these areas.
- Strong resistance is confirmed when the price fails to break above it multiple times.
### 3. **Key Points to Remember**
- **Multiple Touches**: The more times the price touches a level without breaking through, the stronger the support or resistance.
- **Broken Levels**: Once a support level is broken, it often becomes resistance (and vice versa).
- **Use Trendlines**: In addition to horizontal levels, you can also draw diagonal trendlines to connect higher lows (support) or lower highs (resistance) in trending markets.
These levels help traders anticipate potential price reversals or continuations, making them essential for developing trading strategies.
a bearish order block failed to hold the price in it. Here’s an analysis of the situation:
Bearish Order Block Defined:
The bearish order block is the last bullish candle before a significant downward movement, often acting as a supply zone where sellers are expected to be strong.
Reasons for the Wick Break:
Liquidity Grab (Stop Hunt): The wick could represent a liquidity grab, where price briefly breaks above the bearish order block to trigger stop-loss orders placed by sellers or to entice breakout buyers before reversing.
Market Imbalance: There could have been a need to fill orders at higher levels due to prior inefficiencies or imbalance in the market.
Strong Bullish Momentum: If buyers were dominant, the bearish order block might have failed to hold the price, albeit temporarily.
News or Economic Events: Unexpected news or data releases could cause a spike in volatility, leading to such wick formations.
Outcome of the Wick:
Following the wick, it seems the price returned below the bearish order block, indicating that it was likely a false breakout or liquidity grab, and the bearish order block remained relevant.
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USDCHF MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Eurusd Will Push Downwards For sureThe EUR/USD currency pair presents a strong opportunity for traders, with a high probability of downward movement. The market conditions, technical indicators, and fundamental factors suggest a bearish trend. A combination of resistance levels, economic data, and institutional sell-offs indicate that the euro may weaken against the dollar.
If traders position themselves correctly, they can generate significant profits from this move. Short-selling or using options strategies can maximize gains. Additionally, global economic trends, such as inflation concerns, interest rate differentials, and central bank policies, support this bearish outlook.
For those willing to take calculated risks, this is an opportunity to capitalize on market movements. Proper risk management, stop-loss strategies, and a clear entry-exit plan can ensure profitability while minimizing losses. If executed well, this trade could yield substantial returns.