DOGEUSDT Technical Analysis – Bullish Reversal Anticipated DOGEUSDT Technical Analysis – Bullish Reversal Anticipated
🔍 Key Technical Zones:
Support Zone: $0.1990 – $0.2015
Strong bullish reactions noted from this level in previous attempts.
Confluence with volume accumulation on the left (as seen in the Volume Profile).
Signifies a strong demand zone where buyers are stepping in.
Resistance Zone / Target: $0.2220 – $0.2240
Previous structural high and supply zone.
Marked as the first major liquidity area.
Also aligns with imbalance and CHoCH (Change of Character), a common SMC concept.
🔄 Market Structure:
CHoCH (Change of Character) marked multiple times, indicating attempts by bulls to reclaim structure.
Recent price action shows accumulation near support.
Sideways consolidation suggests potential for a bullish breakout.
Liquidity sweep of recent lows could indicate that smart money is accumulating positions before a move higher.
🎯 Trade Setup Idea:
Entry Area: Between $0.2000 – $0.2060 (inside the support zone)
Target: $0.22396 (as marked)
Stop Loss: Below $0.1980 (below the visible support range)
🔧 Indicators and Tools Used:
Volume Profile (VRVP): Shows most volume traded around $0.205 – $0.207, indicating strong positioning from market participants.
Smart Money Concepts (SMC): CHoCH and liquidity concepts signal potential accumulation and reversal.
Price Action Analysis: Clean swing structure with support-resistance rotation visible.
📌 Conclusion:
DOGEUSDT is currently trading in a range-bound structure with a bullish bias from the support zone. If the price sustains above $0.205 and breaks above minor resistance, the upside target of $0.22396 is likely. This setup is supported by strong volume accumulation and smart money structure shifts.
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BTCUSD Technical Analysis (Smart Money Concepts) BTCUSD Technical Analysis (Smart Money Concepts)
Market Structure Overview:
Break of Structure (BOS) observed multiple times confirms a strong bearish trend.
Change of Character (CHoCH) around 30th July indicated initial shift from bullish to bearish intent.
Price has been forming lower highs and lower lows, respecting the bearish structure.
Key Zones:
🔴 Previous Resistance Zone (119,000 - 120,500)
Strong supply area from where price sharply reversed.
Also aligned with a Strong High marked at ~$120,000 – key for any future bullish invalidation.
🟫 Current Target Zone – 116,000
Acts as an immediate imbalance fill/FVG retracement zone.
Target highlighted as potential retracement point before continuing lower.
🟦 Liquidity / Fair Value Gap (FVG) Zone
Located between ~115,800 and 114,500.
Price may aim to revisit this zone on pullback, filling inefficiencies.
🟩 Support Zone (~113,000)
Price currently reacting near this zone.
This area has acted as a demand zone in the past and is expected to provide short-term support.
Volume Profile & Order Flow:
Visible Range Volume Profile shows heavy activity near the resistance cluster, indicating strong distribution by institutional players.
Low volume in the FVG area further confirms inefficiency and potential for a retracement move.
Smart Money Perspective:
The current structure reflects distribution at highs, followed by markdown phase.
Price swept liquidity below local lows and may now seek to mitigate previous supply or FVG around 116,000 before resuming bearish trend.
📌 Conclusion:
Bias: Bearish until 116K is tested and rejected.
Next Move Expectation: Possible liquidity sweep → bounce to 116K → short continuation.
Invalidation Level: Break and close above 117K would signal strength returning.
✅ Educational Note:
This is a classic Smart Money trap setup — liquidity grab near lows, fakeout pump to FVG, and potential short continuation. Traders should be cautious of fake rallies into known supply zones.
BTCUSD Technical Analysis – Bearish Momentum Towards Fair Value BTCUSD Technical Analysis – Bearish Momentum Towards Fair Value Gap
Bitcoin is showing clear bearish pressure after rejecting from the previous resistance zone around 118,800 – 120,000. The market structure and smart money concepts indicate potential for further downside.
🔍 Key Observations:
Previous Resistance Respected: Price failed to break through the strong resistance zone marked near the 119,200–120,000 level, showing strong institutional selling interest.
Market Structure Breaks:
BOS (Break of Structure) and CHoCH (Change of Character) confirmed bearish shift.
Price has maintained lower highs and lower lows, signaling a bearish trend.
Liquidity/Fair Value Gap Zone: The market is currently targeting the liquidity/FVG zone between 116,400 – 116,100, which aligns with price inefficiency and unfilled orders.
Support Zone Ahead: A strong support zone is visible near 115,600 – 115,200. Expect a potential reaction or consolidation here.
📌 Strategy & Bias:
Short Bias Active until price reaches 116,116 (target).
Watch for possible bullish reversal signs in the support/FVG zone.
Ideal for scalp-to-swing short trades, with tight SL above recent EQH.
📚 Educational Notes:
Fair Value Gaps (FVG) indicate institutional imbalances and are often revisited by price.
CHoCH and BOS are early signals of smart money moves – always monitor them in confluence with volume and zones.
USD/JPY) Bullish Trend Read The captionSMC Trading point update
Technical analysis of USD/JPY on the 4-hour timeframe, with a focus on a support-resistance structure and trend
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Technical Breakdown:
1. Market Structure:
Price is moving in a clear uptrend, making higher highs and higher lows.
A recent pullback into a support zone suggests potential for a bullish continuation.
2. Key Zones:
Support Zone: Around 147.00–147.50, highlighted in yellow — the area where price recently bounced.
Resistance Zone: Around 148.800–149.300, which price is expected to break through.
Target Point: Clearly marked at 150.519, aligning with the prior high and a projected bullish extension.
3. EMA (200):
The 200 EMA (blue) is at 146.489, far below current price — signaling strong bullish momentum.
4. RSI (14):
RSI is at 61.14, showing bullish momentum without being overbought — supportive of further upside.
No divergence is noted, which supports trend continuation.
5. Projection (Drawn Path):
The chart suggests price may bounce from support, break through resistance, and rally toward 150.519, possibly after a retest of the resistance-turned-support.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bullish
Entry Zone: Near 147.00–147.50 (support)
Confirmation: Bullish candlestick pattern or strong bounce
Target: 150.519
Invalidation: Break and close below 146.489 (200 EMA) or sustained move below support zone
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XAU/USD) Bearish Trend Read The captionSMC Trading point update
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, using a combination of trend lines, EMA, RSI, and price structure.
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Technical Breakdown:
1. Price Structure:
Gold is forming a rising channel (black trend lines) within a short-term uptrend, but this is happening below the 200 EMA, which generally indicates bearish momentum.
A resistance zone is highlighted near the top of the channel, suggesting sellers might defend this level.
2. Key Level:
Resistance Level: Around 3,330–3,335 zone.
Target Point: Price is expected to break down from the channel and reach support levels near 3,284.35 and 3,282.51.
3. Moving Average (EMA 200):
Current price is below the 200 EMA (3,348.42), reinforcing a bearish bias.
4. RSI (14):
RSI is near 52.58, indicating neutral-to-slightly-overbought territory. No strong divergence is visible, but RSI is not confirming a bullish trend either.
5. Projection (Hand-drawn Path):
The drawn path shows a potential breakdown from the channel with a bearish impulse targeting lower support zones.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bearish
Confirmation Needed: Break below channel support
Entry Zone: Near the resistance of the rising channel (~3,330–3,335)
Target Zone: 3,284.35 – 3,282.51
Invalidation: Sustained break above 3,348 (above EMA 200)
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XUA/USD) Bearish Trend Read The captionSMC Trading point update
Technical analysis of (XAU/USD) on the 1-hour timeframe, targeting a move toward the $3,310–$3,315 support zone. Here's the full breakdown:
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Technical Analysis – Gold (1H)
1. Fair Value Gap (FVG) Supply Zones
Two FVG supply zones are marked where price previously dropped sharply:
Upper FVG zone near $3,385.49 (with red arrow: expected rejection point)
Lower FVG zone near $3,352.47
Price is expected to reject from either zone, resuming the bearish move.
2. Market Structure: Lower Highs, Lower Lows
The chart shows a clear bearish structure, with consistent lower highs and lower lows.
The current price action suggests a potential pullback into FVG, followed by another leg down.
3. Key Support Zone (Target Area)
The yellow box between $3,315.22–$3,310.99 represents a strong demand/support zone and is marked as the target point.
This level has acted as a prior accumulation zone and is likely to attract buying interest again.
4. EMA 200 Resistance
Price is trading below the 200 EMA (currently at $3,365.87) — indicating a bearish bias.
EMA also aligns near the lower FVG zone, reinforcing the area as a potential reversal point.
5. RSI Indicator
RSI at 35.38 is nearing oversold territory but still shows downward pressure.
No divergence or reversal signal yet — supports the continuation view.
Mr SMC Trading point
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Summary
Bias: Bearish
Current Price: $3,337.02
Supply Zones (FVG):
$3,385.49 (stronger supply)
$3,352.47 (minor supply)
Support Target: $3,315.22–$3,310.99
Structure: Bearish (LL-LH formation)
EMA: 200 EMA acting as dynamic resistance
RSI: 35.38 – still bearish momentum
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USD/JPY) Bullish Analysis Read The captionSMC Trading point update
Technical analysis of USD/JPY on the 4-hour timeframe, signaling a potential rally toward the 149.191–149.202 resistance zone. Here's the full breakdown
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Technical Analysis – USD/JPY (4H)
1. Fair Value Gap (FVG) Support
Price recently filled a Fair Value Gap (FVG) level (yellow box) and is now pulling back toward it.
The FVG zone is expected to act as a support and potential entry point for buyers (marked by the green upward arrow).
2. Uptrend Structure
Price is moving within an ascending trendline, suggesting bullish market structure.
The current retracement is seen as a higher low setup, aligning with bullish continuation logic.
3. 200 EMA as Support
The 200 EMA at 146.198 is providing dynamic support.
Confluence between the EMA, FVG, and ascending trendline strengthens the bullish bias.
4. Resistance Target Zone
The projected target zone is between 149.191–149.202, which aligns with a previous high and key resistance level.
This zone is highlighted as the final take-profit area.
5. RSI Momentum
RSI is at 57.11, showing positive momentum but not yet overbought — which supports further upside.
RSI remains above 50, maintaining bullish momentum.
Mr SMC Trading point
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Summary
Bias: Bullish
Current Price: 147.653
Support Zone (FVG): 146.20–146.92 (approx)
Trendline Support: Uptrend line intact
200 EMA: Acting as dynamic support (146.198)
Resistance Target: 149.191–149.202
RSI: 57.11 – healthy bullish momentum
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XAU/USD) bullish the support Read The captionSMC Trading point update
Technical analysis of (XAU/USD) on the 4-hour timeframe, indicating a potential bounce from a key trendline support within a rising channel.
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Analysis Summary
Pair: XAU/USD (Gold Spot vs. USD)
Timeframe: 4H
Current Price: 3,338.715
Bias: Bullish rebound within ascending channel
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Key Technical Elements
1. Ascending Channel:
Price has been respecting a well-defined rising channel, bouncing between support and resistance levels.
2. Key Support Zone:
The yellow highlighted area marks a critical support level and lower boundary of the channel.
Also intersects with the trendline, strengthening the potential for a bounce.
3. 200 EMA (Dynamic Support):
The 200 EMA at 3,343.616 lies just below current price, acting as a dynamic support level.
4. RSI (14):
RSI is around 34.93, nearing the oversold zone, suggesting a buying opportunity may be near.
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Target Points
First Target: 3,402.099
Second Target: 3,446.661
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Trade Idea
Direction Entry Zone Stop-Loss Target Zones
Buy 3,330–3,345 Below 3,320 3,402 / 3,446
Mr SMC Trading point
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Summary
Gold is currently testing a key support level and ascending trendline. If price holds above this area, we can expect a bullish rebound toward 3,400–3,446 levels, aligning with the upper channel resistance.
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XAU/USD) Bullish trend analysis Read The captionSMC Trading point update
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe. Here's a breakdown of the key trading
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Technical Overview
Price: $3,428.71 (currently near the upper consolidation)
EMA 200: Around $3,367.38 (well below price, indicating strong uptrend)
Target Point: $3,468.52
Indicators:
RSI (14): 60.19–62.55 → shows moderate bullish momentum, not yet overbought.
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Key Technical Elements
1. Bullish Breakout Structure:
Price has broken out of a previous range, and is forming a bullish flag or rectangle, which typically leads to continuation higher.
Measured move projection from previous leg (approx. $51.57 gain) targets the $3,468.52 level.
2. Strong Support Zones:
Two yellow zones highlighted:
Upper support level (around $3,415): acting as immediate structure support.
Lower key support (around $3,380): crucial structure level from where the trend initiated.
3. Trend Line Support:
A clearly marked ascending trend line supporting higher lows—indicating bulls are in control.
Expect price to stay above this trend line to maintain bullish bias.
4. Volume & RSI Confirmation:
RSI remains in a bullish zone but isn’t overbought → leaves room for upside.
Volume remains steady, confirming healthy consolidation.
Mr SMC Trading point
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Conclusion & Trade Idea
Bias: Bullish
Entry Zone: On breakout or retest of minor support ($3,415–$3,420)
Stop Loss: Below trendline or below $3,415
Target: $3,468.52
Confirmation: Hold above trendline + RSI staying above 50
This is a classic bullish continuation setup supported by structure, RSI, and trend momentum. Traders could look for buying opportunities on minor dips or trendline retests.
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XAU/USD) breakout analysis Read The captionSMC Trading point update
Technical analysis of (XAU/USD) on the 4-hour timeframe, highlighting a move toward the $3,450 target. Here's the full technical breakdown
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Technical Analysis – Gold (4H)
1. Breakout from Resistance Zone
Price has broken above a key horizontal resistance level (now turned support, marked in yellow).
The breakout is confirmed by a strong bullish candle with momentum, suggesting buyers are in control.
2. Ascending Triangle Formation
Price formed an ascending triangle, a classic bullish continuation pattern.
The breakout above the upper boundary confirms the pattern, projecting a potential measured move.
3. Trendline Support & Higher Lows
The structure shows a rising trendline (black), where price bounced multiple times — confirming a higher low sequence.
The confluence of trendline support + breakout level adds strength to the bullish case.
4. 200 EMA Confluence
The 200-period EMA (3,332.13) has been acting as a dynamic support throughout.
Price retested it earlier in the move, then surged upward — validating trend continuation.
5. RSI Indicator
RSI is at 71.13, entering overbought territory.
This implies strong bullish momentum, but a short-term pullback to retest the breakout level is possible.
6. Target Projection
Target Point: $3,450.90, calculated from the height of the triangle (~61 pts or 1.80%) added above the breakout zone.
A retest of the breakout area (yellow zone) around $3,370–$3,380 could offer a better entry before continuation.
Mr SMC Trading point
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Summary
Bias: Bullish
Current Price: $3,397.62
Support: $3,370–$3,380 zone (previous resistance turned support)
Trend: Higher lows + breakout above resistance
EMA Support: 200 EMA at $3,332.13
Target: $3,450.90
RSI: 71.13 – bullish but near overbought
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USD/JPY) bearish Trend Read The captionSMC Trading point update
Technical analysis of USD/JPY on the 1-hour timeframe, signaling a potential drop toward the 145.200 – 145.191 target zone. Here's the detailed breakdown:
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Technical Analysis – USD/JPY (1H)
1. Rising Channel Breakdown
Price has broken below an ascending channel, confirming a trend line breakout and signaling a trend shift from bullish to bearish.
The trend line cut and rejection from the upper resistance zone support the bearish reversal.
2. Key Support Breakout
A crucial horizontal support zone around 147.80–148.00 was broken.
The break-and-retest of this area (yellow box) acts as a confirmation of bearish momentum continuation.
3. Bearish Momentum Below EMA
Price is trading below the 200 EMA (147.659) — a strong signal of downward bias on this timeframe.
The EMA has flipped from dynamic support to resistance.
4. RSI Oversold but Bearish
RSI is at 29.41, in oversold territory, which may hint at a short-term bounce.
However, the broader structure suggests more downside potential before a deeper retracement.
5. Target Projection
Projected target zone is between 145.200–145.191, aligning with previous structure lows and likely liquidity zone.
Mr SMC Trading point
Summary
Bias: Bearish
Current Price: 147.307
Key Resistance: 147.80–148.60 zone
Structure: Rising channel break + key support breakout
200 EMA: Above price (bearish signal)
RSI: 29.41 – oversold but momentum remains bearish
Target: 145.200–145.191
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BTC/USD) Bullish trend analysis Read The captionSMC Trading point update
Technical analysis of Bitcoin (BTC/USDT) on the 4-hour timeframe, indicating a potential upward continuation after a period of consolidation above a key support level.
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Analysis Summary
Pair: BTC/USDT
Timeframe: 4H
Current Price: 116,810.90
Bias: Bullish breakout continuation
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Key Technical Insights
1. Key Support Zone:
The yellow box marks a strong support level, where price has bounced multiple times.
Acts as a launchpad for the next move higher.
2. Descending Trendline:
A trend of lower highs suggests short-term selling pressure.
Break above this trendline would signal a bullish breakout.
3. Projected Move:
If the breakout occurs, the projected target is around 131,075.83, representing a ~12% gain.
Similar move structure as the previous breakout earlier this month.
4. EMA 200 (Supportive):
Price remains above the 200 EMA at 112,386.80, affirming bullish trend bias.
5. RSI (14):
RSI hovering around 42–49, slightly oversold area, suggesting upside potential remains.
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Target Point
Target: 131,075.83 USDT
Stop-Loss Suggestion: Below key support zone (~114,000)
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Trade Idea
Direction Entry Stop-Loss Target
Buy Break above 118,000 Below 114,000 131,000–132,000
Mr SMC Trading point
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Summary
Bitcoin is consolidating above a strong support zone and under a descending trendline. A confirmed breakout from this pattern could lead to a bullish rally toward 131,000+.
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XAU/USD) Bullish trend analysis Read The captionSMC Trading point update
Technical analysis of XAU/USD (Gold) on the 1-hour timeframe. Here’s a breakdown
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Technical Analysis Summary
Descending Channel Breakout
Price action previously formed a descending wedge/channel, shown by the two black trendlines.
A bullish breakout occurred above the trendline, signaling a shift in momentum from bearish to bullish.
Key Support Zone
The yellow highlighted zone (around $3,338–$3,340) is marked as the “new key support level”.
Price is expected to retest this area (confluence with 200 EMA), which aligns with standard bullish breakout behavior.
The green arrow indicates potential bounce confirmation.
Bullish Projection
After the retest, price is projected to climb steadily toward the target point at $3,394.52.
The setup anticipates around 56.27 points upside, or roughly +1.69% gain from the support zone.
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Target
$3,394.52 – defined using the previous range breakout height and horizontal resistance.
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Trade Idea
Entry: On bullish confirmation near $3,338 support zone.
Stop Loss: Just below the yellow zone (e.g., under $3,330).
Take Profit: Near $3,394.
Mr SMC Trading point
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Conclusion
This is a classic breakout-retest-play, supported by trendline structure, a key horizontal support zone, and RSI strength. As long as price respects the highlighted support, the bullish outlook remains valid.
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XAU/USD) bearish Trend Read The captionSMC trading point update
Technical analysis of XAU/USD (Gold Spot vs US Dollar) on the 1-hour timeframe. Here's a breakdown
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Technical Breakdown:
1. Descending Channel:
Price is trading within a clearly defined downward-sloping channel (black trendlines).
This suggests a short-term bearish trend.
2. Resistance Zone (Yellow Box at 3,335–3,340):
Price recently rejected from this resistance area.
This zone aligns with both the 200 EMA and previous structure, strengthening its validity.
3. EMA Confluence:
The 200 EMA (3,336.798) is acting as dynamic resistance.
Price is currently below the EMA, confirming the bearish bias.
4. Support/Target Zone:
The projected target zone is around 3,313.266, labeled as a support level.
This level has acted as previous structure support, increasing its significance.
5. RSI Analysis:
RSI is at 37.18, close to the oversold region, but not yet fully exhausted.
Suggests there’s still room for a downside move before any potential bounce.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bearish
Entry: Below the resistance zone (~3,335–3,340)
Target: 3,313 (support zone)
Invalidation: Break and hold above 3,340–3,345
Risk Note: Watch for potential consolidation or fakeouts before continuation.
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EUR/USD) bearish chochy Trend Read The captionSMC trading point update
Technical analysis of EUR/USD (Euro vs. U.S. Dollar) on the 4-hour timeframe. Here’s the breakdown
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Technical Breakdown:
1. Market Structure Shift (CHOCH):
The chart highlights a Change of Character (CHOCH), signaling a bearish reversal after a previous uptrend.
This is confirmed by lower highs and lower lows forming after the CHOCH point.
2. New Resistance Zone:
The previous support (yellow box) has now turned into a new resistance level around 1.16400–1.16700.
Price has rejected this area after the breakdown, validating the resistance flip.
3. 200 EMA Breakdown:
Price is now trading below the 200 EMA (1.15928), which reinforces bearish sentiment.
The EMA may act as dynamic resistance on any pullbacks.
4. Target Zone:
The projected target is the key support zone around 1.14582, where price consolidated before the last major bullish move.
This level has historical significance and aligns with a clean support demand zone.
5. RSI Indicator:
RSI is not yet oversold, sitting in a neutral-to-bearish range, indicating further downside potential.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bearish
Entry Zone: On breakdown and rejection from the new resistance area (~1.16400–1.16700)
Target Zone: 1.14582 (key support)
Invalidation: A break and close above the resistance zone
Confluence: CHOCH confirmation + support-turned-resistance + 200 EMA breakdown
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USD/CAD) strong bullish trend Read The captionSMC trading point update
Technical analysis of USD/CAD (U.S. Dollar vs Canadian Dollar) on the daily timeframe. Here's a breakdown of the trade
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Technical Breakdown:
1. Breakout from Descending Channel:
Price has broken out above a descending trend channel (marked with black lines).
This breakout suggests a potential trend reversal or at least a bullish correction phase.
2. Key Support Zone (Yellow Box):
The yellow zone marked as “support level” was a strong consolidation area.
Price has bounced off this zone multiple times, forming a solid base for further upside.
3. Bullish Price Action:
Price has closed above the previous resistance (now support), signaling bullish intent.
Current candle structure confirms strength with bullish continuation patterns.
4. RSI Indicator:
RSI is at 56.38, indicating bullish momentum without being overbought.
Suggests there is room for further upside before exhaustion.
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Target Levels:
Target Point 1: 1.37968 (near-term resistance)
Target Point 2: 1.38615 (intermediate target)
Target Point 3: 1.39064–1.39090 (longer-term resistance near the 200 EMA)
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bullish
Entry Zone: Break and retest of the yellow support area (~1.368–1.371)
Target Zone: 1.379 – 1.390
Invalidation: Break below the yellow support zone
Confluence: RSI strength + breakout of downtrend channel + structural support
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XUA/USD) Bearish Analysis Read The captionSMC trading point update
Technical analysis of XAU/USD (Gold vs USD) on the 1-hour timeframe. Here's a breakdown
Technical Analysis Summary
1. Descending Channel:
The price is moving within a clear descending channel, indicating a bearish market structure.
Recent price action rejected the upper boundary of the channel, strengthening the downtrend bias.
2. Resistance Rejection:
A key resistance level around 3,340–3,345 was retested (marked with a red arrow) and rejected.
Price has already shown early bearish candles post-rejection, suggesting weakness at that level.
3. 200 EMA (Exponential Moving Average):
Price is currently hovering around the 200 EMA, and a clean break below it could accelerate the bearish move.
4. RSI Indicator:
RSI is around 46, below neutral 50, showing bearish momentum is building but not yet oversold.
No divergence is present, supporting the idea of continuation.
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Bearish Playbook
Entry Idea: After the rejection at the resistance zone and confirmation of lower highs.
Target: 3,313 – 3,310 zone (marked as the “key support level” and “target point”).
Risk Management: A stop loss above 3,345 (above the resistance zone) would be a prudent protection level.
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Confluences Supporting the Short Setup:
Rejection at horizontal resistance.
Alignment with the descending trendline/channel.
Price trading near or below the 200 EMA.
RSI slightly bearish.
Caution:
Watch out for any macroeconomic news or high-impact events (highlighted with the economic event icons) that could inject volatility.
A strong break back above the resistance could invalidate this bearish setup.
Mr SMC Trading point
Conclusion:
This setup anticipates a bearish continuation targeting the 3,310 support zone. Ideal for short-term traders looking for downside opportunities, provided price respects the trend and fails to reclaim the resistance.
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(ETH/USD) Bullish Setup: Entry at $2,422 with Target at $2,521 a1. Entry Point: ~2,422.2
This is the suggested buy area based on a recent bounce from the support zone
2. Support Zone (Purple Box):
Bottom boundary: ~2,392.4
Top boundary: ~2,408.4
Price has bounced multiple times here, showing strong buying interest.
3. Resistance Point: ~2,463.9
A clear horizontal resistance line, previously tested.
4. EA Target Point: ~2,522.1
A bullish target if the price breaks above the resistance level.
🔶 Highlighted Patterns / Markers
Orange Circles: Indicate key swing highs and lows — possibly used to identify double tops/bottoms or rejection/wick zones.
Blue Arrows: Illustrate the anticipated move from:
Entry (2,408.1) → Resistance (2,463.9) → Target (2,521.2)
Target gain = +111.7 USD (+4.64%)
🔻 Stop Loss Level
Set just below the support box at ~2,392.4
Protects from false breakouts or deeper pullbacks.
📈 Strategy Outlook
Bullish Bias: The setup expects a breakout from the current price range.
Risk-Reward Ratio: Appears favorable — tight stop and wide target.
Confirmation Needed: A solid breakout and hold above 2,423–2,425 may be the early confirmation signal.
📌 Summary
Element Value
Entry Point ~2,422.2
Stop Loss ~2,392.4
Resistance ~2,463.9
Target (TP) ~2,521.2
R:R Ratio Approx. 3:1
Bias Bullish
Silver (XAG/USD) Bullish Trade Setup from Key Support ZoneXAG/USD (Silver) Trade Analysis – 2H Chart (July 2, 2025)
🔹 Trade Setup Overview:
Entry Point: 35.84299
Target (TP): 37.32540
Stop Loss (SL): 35.59483
Current Price: 36.36350
Risk/Reward Ratio: ~5.9:1 (Very favorable)
🔹 Technical Insights:
Support Zone:
Price recently tested and respected a strong demand zone between 35.60 – 35.84, which has now acted as a bounce level.
Multiple wicks and rejections at this zone highlight buyer interest.
Moving Averages:
50 EMA (red) is starting to flatten, possibly hinting at momentum reversal.
200 EMA (blue) held as dynamic support during the last dip — a bullish signal.
Breakout Potential:
Price has bounced off the entry zone and is approaching minor resistance near 36.40–36.60.
A clean break above this area can trigger momentum toward the 37.30s.
Volume & Momentum:
The latest candle shows strong bullish momentum, validating the bounce setup.
No sign of exhaustion yet.
🔹 Strategy Suggestion:
Entry has already occurred or is slightly above entry zone — ideal for aggressive traders to ride the momentum.
Conservative traders may wait for a pullback near 36.00–36.10 before entering.
SL is well-placed below previous lows and structure — reasonable protection.
🔹 Conclusion:
This setup reflects a bullish continuation trade from a strong support zone. Given the risk/reward profile and recent bullish action, this trade is technically sound as long as price stays above 35.84. A close below this level could invalidate the setup
USD/JPY) Bullish trend analysis Read The captionSMC trading point update
Technical analysis of USD/JPY on the 4-hour timeframe, signaling a breakout and possible rally toward the 151.016 target zone. Here's the detailed breakdown:
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Technical Analysis – USD/JPY (4H)
1. Bullish Structure Breakout
Price has broken above a long-term resistance trendline, indicating a bullish breakout from a rising wedge or ascending channel.
The breakout is confirmed by bullish momentum and sustained price action above the previous highs.
2. Trendline + EMA Confluence
Price remains well above the 200 EMA (145.143), reinforcing the bullish bias.
A clear higher low was formed at the inner trendline (support), followed by strong upside moves.
3. RSI Strength
RSI is around 63.16, indicating strong bullish momentum without being overbought yet.
Suggests more upside potential while maintaining healthy trend conditions.
4. Price Target Projection
The chart shows two upward extensions:
First move projected ~+2.20%, indicating a measured move target around 149.7.
Final target point is 151.016, based on previous price action extension and resistance level.
Mr SMC Trading point
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Summary
Bias: Bullish
Current Price: 147.366
Key Support: Rising trendline + 145.143 EMA
Targets:
Short-term: ~149.7
Final: 151.016
RSI: Strong but not overbought (63.16)
Invalidation: Break below the inner trendline support and EMA (below 145.00)
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XUA/USD) Bullish Analysis Read The captionSMC trading point update
Technical analysis of Gold (XAU/USD) analysis on the 3-hour
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Gold (XAU/USD) 3H Technical Analysis Summary
Market Structure: Bullish breakout
Price has successfully broken above both the downtrend line and the support zone (highlighted in yellow), signaling a shift in structure from bearish to bullish.
Key Support Zone:
The yellow zone (~3,335–3,355) was previously a resistance area. After the breakout, it is acting as a strong support level and has been retested.
Trendlines:
Downtrend line: Broken and retested.
Uptrend line: Guiding current price action, supporting higher lows and forming an ascending channel.
200 EMA (blue line):
Price is trading above the EMA 200 (~3,331), confirming bullish bias and providing dynamic support.
Momentum (RSI 14):
RSI is around 67.85, showing strong bullish momentum.
Nearing overbought, so a minor pullback or consolidation could occur before continuation.
Volume:
Increase in buying volume near breakout area suggests institutional interest or strong buyer conviction.
Mr SMC trading point
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Conclusion:
Price has shifted into a bullish continuation pattern.
A successful break and retest of structure and trendlines increases the likelihood of further upside.
As long as price holds above the yellow support zone and the uptrend line, bullish momentum is favored.
Short-term pullbacks may offer new long opportunities.
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XAU/USD technical analysis setup Read The captionSMC trading point update
Technical analysis of (XAU/USD) on the 6-hour timeframe, focusing on a key resistance zone that could trigger either a bullish breakout or a bearish reversal.
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Analysis Summary
Current Price: $3,357.95
Trend Context: Price is testing a strong resistance zone with a possible breakout or rejection in play.
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Scenario 1 – Bullish Breakout
1. Resistance Zone: $3,357–$3,372
Multiple previous rejections.
A confirmed close above $3,372.77 signals bullish strength.
2. Upside Targets:
Target 1: $3,393.87
Target 2: $3,452.08
3. Indicators:
RSI at 63.74, approaching overbought but still with room to rally.
EMA 200 is trending upward, supporting bullish bias.
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Scenario 2 – Bearish Rejection
1. If price fails to close above $3,372.77, a rejection from resistance is likely.
2. Downside Targets:
Reversal projected toward the key support zone at $3,246.97
EMA 200 at $3,300.97 may provide temporary support before breakdown.
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Trade Ideas
Direction Entry Level Stop-Loss Target 1 Target 2
Bullish Close above $3,372 Below $3,346 $3,393.87 $3,452.08
Bearish Rejection from $3,357–$3,372 Above $3,380 $3,300 → $3,246.97
Mr SMC Trading point
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Summary
This is a critical decision point for Gold. A breakout above resistance can propel price to $3,450, while rejection could drive price back to $3,246. The reaction at the current zone will dictate the next major swing.
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GBP/JPY) Bearish Analysis Read The captionSMC trading point update
Technical analysis of GBP/JPY on the 3-hour timeframe, suggesting a potential short-term pullback within a larger ascending channel.
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Analysis Summary
Pair: GBP/JPY
Timeframe: 3H
Current Price: 198.883
Bias: Bearish move toward channel support
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Key Technical Insights
1. Ascending Channel Formation:
Price is moving within an upward-sloping channel.
Current structure suggests price is heading toward the lower trendline support.
2. Support Level & Target Zone:
The yellow zone around 196.355 is a major support area and target point, coinciding with both structural support and the bottom of the channel.
3. EMA (200 Close):
Price is still above the 200 EMA (197.067), so overall trend remains bullish — but current move is a correction.
4. RSI (14):
RSI is neutral near 51.14, allowing room for further downward movement before becoming oversold.
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Target Point
Target: 196.355 (support zone and bottom of channel)
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Trade Idea
Direction Entry Stop-Loss Target
Sell 198.80–199.00 Above 199.70 196.35
SMC trading point
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Summary
GBP/JPY is likely to retrace toward support at 196.35 before possibly bouncing within the larger bullish structure. This offers a short-term selling opportunity, with potential buy setups near the lower trendline later.
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