BankNifty levels - Oct 06, 2026Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close va
Supply and Demand
DOW JONES INDEX (US30): Strong Resistance Holds
Quick update for my analysis of the US30 Index.
Earlier, we spotted a confirmed breakout of a major support cluster.
The market is retesting it at the moment.
With a high probability, the index will drop soon.
Goal - 50300
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MESZ Oct 5: 7759 Pullback Before a Break Above 7815?MESZ starts the week after recovering from last week’s liquidity sweep around 7,710.
The main higher-time-frame breakout level I’m watching is 7,815.
A confirmed 4-hour close above 7,815 would strengthen the bullish structure and could support continuation toward approximately 7,848.
For today, the first important intraday level is the overnight liquidity around 7,759.
Price may revisit this area before deciding its next direction.
If buyers defend 7,759, I’ll continue watching for another push
SOUN - Popular name... Patience is the keyFor a name like NASDAQ:SOUN that has so many eyes and a cult retail following, patience is the name of the game.
These types are infamous for their ability to shake retail out or trap on buy-side liquidity grabs.
I was tempted with a LTF trade opportunity but am going to continue to wait on this one until I see HTF liquidity at least mitigated - and from there we'll know what to look for.
If you're scared of missing another 2024 move ($6 -> $24), you're focus is in the wrong place. That d
XAU Sell/Short setup (15M)The overall trend on Gold remains bearish, and it appears that price has now completed a pullback into a bearish order block. From this area, we expect the price to resume its downward movement and potentially experience another significant drop.
Since the higher time frames are also bearish, we believe this setup offers a reasonable opportunity to take a short position from the current area.
We have two clearly defined targets, and we will secure profits progressively at each target as the pr
CADCHF: Two Equal Legs, One Trendline Retest — Target 0.5990Hook:
CADCHF's last two rally legs measured almost the exact same distance — and projecting that same distance from here lands within a few pips of the 0.5990 target.
Market Context:
FX:CADCHF is holding a clean Higher-High/Higher-Low staircase along an ascending trendline. Price has pulled back into the zone where the trendline and a horizontal support box now overlap.
Reasoning:
1- Equal-leg symmetry : the first rally leg added ~140 pips, the second ~148 — nearly identical, which m
EURUSD Short: Faces Fresh Selling Pressure After the FakeoutHello traders! Here’s my technical outlook based on the current EURUSD (2H) chart structure. EURUSD previously traded inside a descending channel before breaking lower under the Trend Line. Price then tested the Supply Zone near 1.1290 with a fake breakout and was rejected.
Currently, EURUSD is trading below the 1.1290 Supply Zone while holding above the 1.1200 Demand Zone. The recent rejection and descending structure suggest a possible continuation lower toward demand.
As long as EURUSD rema
The Next 4 Long Setups Are Taking Shape (4H)From the point where we placed the red arrow on the chart, it appears that the correction has now started.
Based on the current structure, we expect this correction to develop as a bearish phase with a well-structured corrective formation. Price is currently moving within the expected corrective area, and we are monitoring the structure closely for further confirmation.
Our main focus is the green zone marked on the chart, where we are looking for a potential long entry. If price reaches this
EURAUD 4H | HTF Support Retest After Trendline Break| Long SetupEURAUD | 4H Long Setup at High Timeframe Support
Context:
Since mid-August, EURAUD trended lower with clear lower highs and lower lows, until price reached the high timeframe support zone around 1.6090–1.6110, which held twice in September.
Structure shift:
Price then broke above the descending trendline and rallied to a higher high near 1.6330, taking out the previous lower high. That was the first bullish break in structure since August. The recent sell-off has now brought price all the way
EURJPY: Is That a Liquidity Sweep 🇪🇺🇯🇵
EURJPY may pull back after a sell-side liquidity sweep on an houlry time frame.
A valid bullish CHoCH provides a strong confirmation.
Target level - 117.34
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When Following the Trend Becomes the TrapTrend Can Be Right and the Entry Still Wrong
One of the most useful distinctions in technical analysis is the difference between direction and location.
A market can be in a clearly defined downtrend. Selling can therefore be directionally consistent with that trend. Yet the location at which a trader decides to sell may still expose the position to unfavorable conditions.
That distinction matters because traders often treat a breakout as additional confirmation: support breaks, the downtren
NZDUSD: Confirmed Liquidity Grab?! 🇳🇿🇺🇸
I see a potential liquidity grab on NZDUSD on an hourly time frame
after a test of a strong intraday demand area.
I expect a pullback to 0.5604
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XAUUSD - 5th October - LondonFor today we had these two supply zones for a bearish gold, the intra zone on the 50% saw too much pressure comming at it so it had to be canceled, the extreme one reacted but just before, therefore we are not in and it's better to cancel it since the reaction already happened.
We are going to wait until gold stabilizes after last friday NFP's big move.
XAU/USD 05 October 2026 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Bias and analysis to remain the same as analysis dated 30 June 2026.
Price did not print bullish CHoCH to indicate bullish pullback phase initiation. Price instead printed a new low followed by a bullish CHoCH
Price is currently trading within and established internal range, however, I will continue to monitor price with respect to depth of pullback.
Intraday expectation:
Price to trade up to either premium of internal 50% EQ, or
AUDJPY SHORTFears of intervention by the Bank of Japan (BoJ) in a bid to stem the decline of the Yen has rattled markets and caused a sharp rise against major currencies. As markets adapt and adjust, sellers are seeking to shift the market structure from a consolidated market to a bearish market. This bias informs our sell limit at 113.235 targeting the weekly sell side liquidity as take profit.
NQ Power Range Report with FIB Ext - 10/5/2026 SessionCME_MINI:NQZ2026
- PR High: 31166.75
- PR Low: 31059.00
- NZ Spread: 240.75
Key scheduled economic events:
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing Prices
- ISM Non-Manufacturing PMI
Session Open Stats (As of 1:05 AM)
- Session Open ATR: 447.98
- Volume: 50K
- Open Int: 281K
- Trend Grade: Neutral
- From BA ATH: -1.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 32282
- Mid: 29785
- Short: 27288
Keep in mind this is not speculation or a predi
USDJPY is at risk of a deep drop (4H)USDJPY appears to have entered a corrective phase from the area where we placed the red arrow on the chart. Since then, price action has been developing in a corrective structure, and the current formation suggests that the market may be approaching an important turning point.
From a NeoWave perspective, this correction appears to be developing as either a Triangle or a Diametric pattern. At the moment, we are most likely approaching the termination area of Wave D within this structure. The beh
Will the Weekly +FVG Hold Support With In A Volatile Week?In this Weekly Market Forecast, we will analyze the CRUDE OIL for the week of Oct 5-9th.
US Crude Oil (WTI) enters the coming week with a bearish short-term bias following three bearish weekly closes. Price has entered a bullish FVG that can potentially hold fast, sending prices higher.
Crude is expected to see high volatility this week amid the release of several key economic and energy-market indicators, including September PMI services data, the September ISM Non-Manufacturing Employment I
EURCAD FREE SIGNAL|SHORT|
✅EURCAD is rejecting the key bearish mitigation block after retracing into premium, with weak order flow and displacement favoring a move toward sell-side liquidity at the marked target.
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Entry: 1.6044
Stop Loss: 1.6066
Take Profit: 1.6014
Time Frame: 2H
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SHORT🔥
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GOLD: Bearish! Wait For Confirmation, Then Sell It!In this Weekly Market Forecast, we will analyze Gold for the week of Oct 5-9th.
Gold (XAU/USD) carries a dominant bearish institutional order flow and narrative heading into the coming week, but is currently trading inside a W -iFVG where the price has consolidated in the lower half of array. This is supported by the overlapping Daily -FVG price is currently finding resistance inside of.
Enjoy!
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