Demandandsupplyzones
ZRX / BTC Trade setupZRXBTC is forming an AB=CD pattern which gives us the famous Gartley pattern. (Correction in chart)
- Unless there's a sign of a reversal at 3438 sats i'm short for now.
- Buy at 2929 sats for entry. Target would be either a 38.2 or a 61.8% retrace from the local high.
Recovery to 3000 - SPX500 💯Last week would probably let down those shorts in the market 😭, because traders are BUYING THE DIPS!!! Actually, I have been one of those shorts wishing for a big DOWN move before figuring the whole thing out! 😛
It seems that bulls are still in control, as what I demonstrated in above chart, an ascending channel is clear to us , right? Please , give me a 3000 in SPX !!! 😈 (what I say when I am holding calls)
Everyone is saying that there will be another big crash to come 😦 , instead of believing that mainstream perception , I would say a prolong consolidation is more likely to happen before US president election, and the range would fall within 2600 - 3000 . Because bears didn't do their job in defending the 2600 zone (previously it was a demand zone).
With this assumption in mind, I would be engaged to do more swing trades and try to pick up the tops and bottoms in the zone. 🕺
Disclaimer: My analysis is personal opinion only, guys you should find the most familiar patterns and signals to trade.😉
AUDUSD IDEAAUD/USD is finding nearby support at the channel at 0.6430 but remains capped by the 0.6570 high. To reinvigorate upside interest AUD/USD will need to regain the 0.6570 recent high, and this looks to currently be a tall order. We would allow for further slippage to the 55-day ma at 0.6303.
Above 0.6570 we look for a test of the 0.6670/84 March high and 200-day moving average where we would expect it to struggle.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Momentum trumps aberrations; gauging power ahead of the resultsA week ahead of the results, the energy-centric company took a toll in lieu of the last trading session's underlying event. However, that doesn't deter the pent up short-cycle orders the company has been reaping on for the last few years. This alone can become a pivot of sustenance against the competitors. Now, pit this sentiment against the global cues of the principal sector and you'll get mammoth of momentum coming up.
In this respect, we have spotted a constricted demand and supply zones on a swing time frame. Beyond those, to absorb the volatile triggers on either side, we have spotted two crucial supports and one resistance, synthesized with volume cluster analysis, as the peak potential for this particular idea to be closed on or before the earnings.
Further, to capture precise entry's near the marked important levels we are using an Indicator that combines CCI limits with ATR smoothening. Open to interpretation this back-handed trick can open several interesting opportunities.
EURCAD SHORT!Monthly and Weekly Down. Price is currently on Monthly Demand zone. Waiting for price to retrace to this daily Supply zone which is nested inside this Monthly Supply zone. Sell on retest!
CADCHF LONG!Monthly Down and Weekly Down Consolidating. Weekly supply zone removed confirming buyers are still there inside Monthly Used up demand zones.
#BTCUSD waiting for going long#BTCUSD has increased many days, and now hit the supply zone, it need to be the pull back
Waiting for going long in long-term
#EURCAD go long for long-term#EURCAD is on the demand zone
It has been breaking and testing the trendline
Go long for long-term
Target in supply zone that has the inside bar
USDJPY SHORT IDEA USDJPY IS CURRENTLY AT A STRONG SUPPLY ZONE LEVEL WE WILL LOOK SELL OPPORTUNITY.
IF YOU LIKE THE IDEA HIT THE THUMBS UP!
NZDUSD : LONG TRADE IDEA NZDUSD as been on a longterm uptrend, last week we noticed a pullback to the downside but price has started to move its way slowly back up. Price could potentially return to the 0.67558 resistance level and retest !
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
CAD/USD Short in the face of Supply ZoneThere is a zone of Supply putting downside pressure on the pair. After a big move up to the Zone area, sellers should come in strong within the next 3 bars or so.
Stop Loss would be a bar closing outside the top of the Supply Zone.
Profit target would be the Demand Zone, unless another Demand Zone forms before then.
Aussie Vs Japanese Yen (AUD/JPY) Trade Plan Traders seem to be in risk aversion mode to start the week off of negative developments in the U.S.-China trade story. With fear on whether or not we’ll see tariff rollbacks on China, odds have risen that the trade deal may not go forward. This has sent equities, bond yields and oil lower, and seems to be supporting the safe-haven currencies like the Japanese yen.
AUSSI.Vs.Kiwi (AUD/NZD) Potential Mid Term Strategy / SignalI hope you do read the chart. The picture tells the whole story. By the way, Australia's actual import/export/trade data was published better beyond the forecast and previous on morning. The choice is your's pals think wisely to choose the position in any on highly probability direction.
NZDUSD bull exhausted? Retracement play? A small swing short idea. It seems like exhausting bulls and retracement/pullback/correction whatever may be a scenario. Overall it may have bounced from a demand level of higher timeframe so this idea may only be focused on playing the retracement of this overall bullish trend. Everything is clear where we exit? If monthly pivot R2 is crossed by price. Where we take profit? Targeting right at 38.20% fibo retracements. Be careful with your position sizing and money management if you intended to take the trade. Just an opinion, not a fact risk on your own and good luck! A happy great new week to all fellow traders!
Nikkei 225 Japanese supply and demand forecastNikkei 225 Japanese Index has been rallying for a few weeks creating new strong weekly demand imbalances. Nikkei 225 index has unfortunately not retraced yet to any of these two strong weekly imbalances and continues to rally on its way to weekly supply imbalance around 23600.
Nikkei 225 Japanese Index futures forecast. As per the weekly timeframe analysis, Nikkei 225 Index futures is in a clear uptrend creating new weekly demand imbalances at 21850 and lower at 20570. Nikkei tried to correct and reached bottom weekly demand level but it just couldn’t and kept on rallying ending up creating another strong weekly demand imbalance around 21850.
Long term long bias on Nikkei index. This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
Aussie certainty Vs Swiss uncertaintyAussi:
CPI (QoQ) (Q3): weak
Trimmed Mean CPI (QoQ) (Q3): stable
PPI (QoQ) (Q3): stable
Caixin Manufacturing PMI (Oct): strong ( High sensitive)
Probability of rate cut: Aussie cash rate futures are showing 87% odds of the RBA staying flat for next week (Nov 5).
Swiss franc:
ZEW Expectations (Oct): weak
KOF Leading Indicators (Oct): strong
SNB's Jordan:
Cites the dangers of shrinking interest rate spread
Negative rates and readiness to intervene in FX still essential to keep the pressure on the franc
Cannot say when Switzerland will return to a positive rate
Retail Sales (YoY) (Sep): strong
CPI (MoM) (Oct): weak
procure.ch PMI (Oct): forecast strong (due)
EURGBP Forex cross pair analysis and forecastEURGBP Forex cross pair has reached a strong monthly demand imbalance where going long is allowed again. As swing traders and longer term traders we should not be thinking of going shorts on EURGBP Forex cross pair.
Price action analysis is telling us there is a very strong monthly bullish impulse that ended up becoming a monthly demand imbalance around 0.8607. This imbalance has gained control and renders lower timeframe shorts low probability.
Price action analysis and supply and demand technical analysis is telling us that going long on EURGBP Forex cross pair is the way to go now, no matter what Brexit news or any other fundamentals are telling us to do. Learning how to trade Forex should not be as difficult as it seems, it will if you start paying attention to news releases and fundamentals as well as what media and web sites are talking about online.
just a few idea is for my own education purpose trade on your own risk
leave like and comment what you think :)
AMGEN Inc AMGN stock looks attractive after a strong rallyAMGEN Inc AMGN american stock looks attractive after a strong rally, waiting for a pullback to weekly demand imbalance around $178 to buy the underlying stock.
We don't need any fundamental analysis on a stock to take a trading decision but if you are interested, Amgen AMGN has been a laggard. Amgen's slump had to do with the stocks slowing growth outlook combined with the ever present headwinds that the healthcare sector faces heading into an election year.However, Amgen could address its growth slump.
That's exactly what management did in August, causing the stock's price to spike. Yet, in the past five weeks Amgen shares have cooled off, giving investors who were previously experiencing fear of missing out the trade, the chance to get into the stock at a discount to recent highs.
Where is the place where those investors can plan to buy AMGEN again? Well, if you look at the attached weekly chart technical analysis, the whole movement started at $178 creating a very strong weekly demand level, that's where we can buy AMGEN inc again.
GOLD LONG TRADEGold currently made the 3rd touch of the trend line from 30th May 2019 low, stalling at the 50% fins level as well as decelerate around previous based area it give us a long opportunity. look for rejection candle closed or any low test candle before placing the long trade.
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LamchiuFX
Cadjpy long biasWelcome to everyone!
Cadjpy is just near to the previous monthly strong demand area.
Hopefully it is going to rally soon.
So good time to make an entry.
Happy Trading
