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GBP/JPY - 1H SMC Analysis📊 GBP/JPY - 1H SMC Analysis 🔹 Market Structure & Key Zones: ✅ A+ Level: 189.954 - 190.369 (Potential liquidity grab area) ✅ Key Resistance Zone: 190.233 - 190.369 ✅ Major Target: 187.510 (Potential 250+ pip move) 🔹 Potential Trade Scenarios: 📉 Bearish Setup: • Price is in a premium zone (190.233 - 190.369), making it a high-probability short area. • If price reacts at the A+ Level, we could see a drop towards 187.510. • Risk-free trade achieved above the resistance. 📈 Bullish Case (Low Probability): • If price breaks and holds above 190.369, it may continue towards 190.63 - 190.85. 📌 Trade Plan: 🔹 Entry Idea: Sell from 189.954 - 190.369 zone. 🔹 Stop Loss: Above 190.85 (Safe zone). 🔹 Take Profit: 187.510 (250+ pips move). 💡 Conclusion: • Watching for rejection at A+ Level for a short entry. • If price fails to hold below 190.369, reevaluate the bias. #GBPJPY #SmartMoney #ForexTrading #LiquidityGrab #OrderBlock #RiskManagement #FXFOREVER
by FXFOREVER_87
EUR/AUD Trade Setup: Short at Daily ResistanceEUR/AUD has made an extended move higher, approaching a key resistance zone. Similar to GBP/CAD, I’m looking for a short entry on a test of daily resistance, anticipating a potential rejection. 🔹 Trade Notes: 📊 The pair has shown strong upside momentum, but price is nearing an area where sellers have previously stepped in. ⚠️ With risk sentiment stabilizing (as suggested by the VIX’s upper wick), we could see EUR underperformance vs. commodity currencies like AUD. 🔹 Trade Plan: 🔻 Pending Short Order: Waiting for price to test daily resistance before entry. 🎯 Target: A move lower toward the 1.653 - 1.648 zone. 🛑 Risk Management: Stop-loss above resistance, adjusted based on price action. Guide for Execution: ✅ No Martingale: All new positions are the same size as the first to maintain proper risk management. ✅ Remove Untriggered Orders: If the target is hit before the pending order is triggered, the order will be removed. Watching for confirmation before execution—will this resistance hold, or is EUR/AUD ready for another leg up? Let me know your thoughts! 👇
Short
by FaithdrivenTrades
Short opportunity ?There is a strong line of support and resistance at 148.65 area,    I have a short position I opened a few weeks ago.  I am still patiently waiting for the price to break below this level.   In October 2024, the price tried to break above the same support and resistance area and it took three weeks to properly break above and start the bull trend.  (see blue box in the chart) At the time, the price consolidated in the ascending parallel channel and the momentum indicators were showing clear hidden divergence which is the continuation of the trend. I think the same scenario is unfolding right now.  The price is moving inside the descending parallel channel and RSI is starting to show the hidden divergence.   My overall bias for USDJPY is bearish so I am looking for an entry to short. When the price hit the upper parallel channel and rolle over to the downside, it might be a good place to open a short position.
Short
by EbonyFalcon
4
EUR.USD (Y25.P1.E1).Macro overviewHi Traders, Although this is not a trading strategy, looking at the big picture can enable some conditions to look at the market bullish or bearish. I don't there is any dispute about this descending wedge. And a breakout would be a means for a long entry. What might do this is Trump's US financial policy or strategy, to bring the manufactering back to USA, which means he has to devalue the dollar. He can't have both global currency dominance and at the same time, entice manufacturers back to the USA and keep export strong with a strong dollar. He has an impossible task. I therefore think this weakening of the dollar is inevitable and the rush to gold as well will serve this descending wedge breakout. Europe will likely hurt as well as their currency gains against the dollar as high price exports will be beaten by the likes of China. Anyway, these are all assumptions. As to trading entry, I will look for a a sign of strength before looking to flip away from the dollar and into Euro, but gold is better. All the best, S.SAri Smaller TF or micro structure to look for. a) current wave is wave 2 or b) part of a longer accumulation wave of 5 counts = Elliott 5 wave pattern.
Long
by ssari
GBP/CAD Trade Setup: Short at Daily ResistanceGBP/CAD has been in an extended move higher, breaking last week’s short setup. Now, I’m looking for a short entry on a test of daily resistance, expecting a potential pullback. 🔹 Trade Notes: 📊 The pair has rallied significantly, and price is approaching a key resistance zone where sellers may step in. ⚠️ A strong upper wick on the VIX Daily Candle suggests risk sentiment is stabilizing, which could support GBP underperformance vs. commodity currencies like CAD. 🔹 Trade Plan: 🔻 Pending Short Order: Waiting for price to test daily resistance before entry. 🎯 Target: A move lower toward the 1.806 - 1.800 zone. 🛑 Risk Management: Stop-loss above resistance; will adjust accordingly based on price action. Guide for Execution: ✅ No Martingale: Additional orders are same size as the first, avoiding unnecessary risk. ✅ Remove Untriggered Orders: If the exit target is hit before entry, the pending order will be removed. Will GBP/CAD finally roll over from this extended push? Watching closely for confirmation. Drop your thoughts below! 👇
Short
by FaithdrivenTrades
Probability Analysis:Probability Analysis: Given the market structure and liquidity considerations, we can assign percentage probabilities to different scenarios: Bullish Scenario (Price moves up to PDH - 189.700 or Premium Zone - 191.000) Probability: 55% Reason: The market recently showed a ChOCH to the upside. If price maintains above the equilibrium zone, it may target PDH or even higher into the premium zone. Liquidity above equal highs (EQH) might act as a magnet. Bearish Scenario (Price moves down to PDL - 188.200 or Demand Zone) Probability: 45% Reason: There’s a weak low that could be grabbed before a reversal. Market has seen BOS downward, showing some bearish intent. If price rejects the current resistance and moves below equilibrium, the next stop is the discount zone (188.200-187.900).Slightly higher probability of a bullish move (55%), as price is currently attempting to establish higher lows and break towards PDH. Key Confirmation Needed: If price remains above 188.900, bullish continuation is more likely. If price breaks below 188.500, bearish pressure may take over.
by wizzywise1
EUR/NZD Trade Setup: Short from Key ResistanceEUR/NZD has reached a strong resistance zone around 1.840 - 1.849, where sellers may step in. I've entered a short position, expecting a potential rejection from this level. 🔹 Trade Setup: 🔻 Entry: Near 1.837 - 1.840 (Resistance Zone) 🎯 Profit Target (Blue Zone): 1.830 - 1.817 🛑 Stop-Loss (Yellow Zone): Above 1.840 🔹 Market Outlook: 📊 Bearish Bias – This level has acted as resistance before, and early signs of rejection suggest potential downside movement. ⚠️ Risk Management – If price breaks and holds above 1.840, the short setup will be invalidated. Watching closely for further confirmations. Will this resistance hold, or are we breaking out? Let me know your thoughts below! 👇
Short
by FaithdrivenTrades
Bearish drop?NZD/JPY is rising towards the pivot and could drop to the 1st support. Pivot: 86.09 1st Support: 85.23 1st Resistance: 86.65 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Usdchf Trade UpdateAnother pair I caught a set up on is UsdChf. Price was overall bearish & respected a high where I then decided to take shorts for a 1:3rr. With price still being overall bearish I would like to see some type of pullback for a retest. Entry will depend on how the smaller times frames move towards the level. If price shows bullish structures before the retest then I’ll wait for structure to flip or if price hits the level to retest & pushes above I’ll wait on a bearish candle to crash back below for entry for another 1:3rr.
Short
by OfficialJ23
Potential bullish rise?NZD/CHF is reacting off the pivot and could rise to the 1st resistance level. Pivot: 0.5093 1st Support: 0.5060 1st Resistance: 0.5135 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
EURAUD POSSIBLE BUY?The market is currently testing the current Daily area. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
Long
by WiLLProsperForex