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Demandandsupplyzones

HDFCLIFE NEAR ENTRY LEVELSHDFCLIFE is currently trading near an Good Quality Hourly Demand Zone which is again close to an Weekly Demand Zone ( making the entry zone even more reliable). The Opposing / Target zones T1 and T2 (both previously tested) have been marked in the image with levels and price movement should be observed around those levels. Stop loss has not been mentioned but should be 3% from the lower level of the entry zone i.e. 562 - 3% = 545 (on closing basis in Hourly tf) Note - Please do your own analysis before taking any kind of positions
NSE:HDFCLIFELong
by Bhagesh108
EURGBP: Insights into Current Market Dynamics (Top Down)Right! I will keep it simple. EURGBP on the weekly timeframe currently resides within a DEMAND zone, indicating the possibility of an upward movement in price from this region. Additionally, on the daily timeframe, price has shown rejection at a supportive level. Furthermore, the hourly chart has transitioned from a bearish to a bullish stance, while the 45-minute structure also presents a bullish outlook. In light of these indicators, it is anticipated that price action will likely find support at the marked demand area as depicted on the chart. Goodluck!
Long
by Koolermactrez
Mastering Fibonacci Retracement :Navigating Bitcoin's VolatilityMastering Fibonacci Retracement :Navigating Bitcoin's Volatility Navigating the volatile landscape of Bitcoin trading can be a daunting task for both novice and experienced traders alike. However, equipped with the right tools, traders can identify potential support and resistance levels, make informed decisions, and capitalize on market movements. One such tool that has stood the test of time is the Fibonacci retracement tool, a staple in the arsenal of many traders due to its uncanny ability to forecast potential price reversals with remarkable accuracy. Understanding Fibonacci Retracement Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. The concept draws from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones (0, 1, 1, 2, 3, 5, 8, 13, 21, and so on). In trading, these numbers are translated into percentage levels that traders use to identify potential reversal points on price charts. Key Levels to Watch The most commonly used Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. These percentages represent potential support and resistance levels where the price of an asset like Bitcoin could experience a reversal or consolidation. The 61.8% level, often referred to as the "golden ratio," is particularly noteworthy for its reliability in predicting price movements. Applying Fibonacci to Bitcoin Trading When applying Fibonacci retracement levels to Bitcoin's price action, traders often look for significant highs and lows to place their retracement lines. From there, the tool provides a visual representation of potential areas where the price may stall or reverse. For instance, during a downtrend, a retracement to a higher Fibonacci level like 61.8% could indicate a potential area of resistance where traders might consider taking profits or entering short positions. The Significance of the 78.6% Level Recent discussions among traders have highlighted the 78.6% retracement level as a crucial point for Bitcoin, suggesting that reaching this level often precedes significant corrections. This phenomenon underscores the importance of Fibonacci levels in anticipating market movements, allowing traders to adjust their strategies accordingly. Real-world Application Consider Bitcoin's historic rally and subsequent corrections. Traders have observed that significant pullbacks often align with key Fibonacci levels. For example, during a bullish phase, if Bitcoin's price retraces to the 61.8% or 78.6% levels before bouncing back, this could be seen as a strong signal for trend continuation. Conclusion The Fibonacci retracement tool is more than just a mathematical curiosity; it's a reflection of human psychology and market sentiment. By identifying levels where price action may change direction, traders can make more informed decisions, manage risk more effectively, and potentially increase their chances of success in the market. As with any trading tool, it's important to use Fibonacci retracements in conjunction with other indicators and analysis methods to validate potential trading signals. Remember, no tool can predict market movements with absolute certainty, but by understanding the tendencies and patterns, traders can navigate the Bitcoin market with greater confidence. BINANCE:BTCUSDT BITSTAMP:BTCUSD BINANCE:BTCUSDT.P Don't forget to check our latest publications
BITSTAMP:BTCUSDEducation
by FikratTrades
6
Demand on OilOil is presenting to us clear (marked with green rectangle) demand zone presented on chart. Yesterday there were multiple strong demand signals there identified real-time by Scanner. This zone becomes still valid, especially as it's placed within today's Balance Zone (between Gamma +0.25 and Gamma -0.25). Following price structure, it is supposed to retest demand zone from top and continue up move. Alternative scenario would expect to observe on chart consolidation in demand zone, as it's marked by market as fair price area.
NYMEX:CL1!
by skyline-trader
Smart Money Concept + 50ema + RSISmart Money Concept: The term "smart money" refers to the institutional investors, fund managers, or sophisticated traders who are believed to have a deep understanding of the market and make well-informed investment decisions. The concept suggests that following the actions of these experienced and well-capitalized market participants can provide insights into potential market movements. Exponential Moving Average (EMA): The Exponential Moving Average is a type of moving average that places a greater weight on more recent data points. It reacts more quickly to price changes compared to the Simple Moving Average (SMA). The +50 EMA specifically refers to the 50-period EMA. How it works: If the current price is above the +50 EMA, it is considered a bullish signal. If the current price is below the +50 EMA, it is considered a bearish signal. Trading Strategy: Some traders use crossovers between the price and the +50 EMA as buy or sell signals. For example, a bullish crossover (price crosses above +50 EMA) might be seen as a buying opportunity, while a bearish crossover (price crosses below +50 EMA) might be seen as a selling opportunity. Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a market. How it works: RSI values above 70 are often considered overbought, suggesting a potential reversal or pullback. RSI values below 30 are often considered oversold, suggesting a potential reversal to the upside. Trading Strategy: Traders may use RSI to identify potential trend reversals or confirm the strength of an existing trend. For example, if the RSI is above 70 and the price is also above the +50 EMA, it might signal an overbought condition, and a potential reversal or pullback could be anticipated.
by MOAZAM1133
AAVEUSDT|The end of the BULLISH trendAfter the upward lag that started at the price of 63 dollars, it has continued its upward trend in the form of an ASCENDING channel. By reaching the resistance levels, we saw returns from these areas as long shadows, which indicates high liquidity in these areas and it is difficult to pass through these areas. Multiple reversals from these areas show the weakness of the momentum, if the last downward movement leads to the breaking of the channel, we can enter sales transactions in the reversals to the channel, up to the support levels created by the origin of the movement. The prices of 78.26 and 63.51 are suitable targets for selling transactions.
Short
by Golden_Star1994
1
STRAX: Building Momentum for a Breakout! 🚀💹Introduction: 🌐 STRAX is under the spotlight as the trader strategically accumulates for potential gains! The coin has been consolidating within the historical resistance zone of $1.19 - $1.27 for the past two months. With substantial accumulation and significant volumes, the trader anticipates an impending breakout, projecting bullish momentum in the coming weeks. Trade Plan: ✅ The trader has acquired a mid-term position on STRAX, observing the coin's consolidation near the historical resistance zone. The accumulation phase, coupled with substantial volumes, fuels the expectation of an impulsive breakout and subsequent upward movement. Technical Analysis: 📊 Examining the chart, STRAX has been approaching the historical resistance zone of $1.19 - $1.27 for an extended period. The trader identifies the impressive accumulation and substantial volumes, signaling a potential breakout. The anticipated breakout is expected to initiate a sustained upward trajectory. Risk Management: 🚨 To manage risks, the trader suggests placing a stop, at the discretion of the investor, at approximately $0.897. Targets: 🚀 The trader has marked potential targets on the chart, providing a visual roadmap for prospective gains. Conclusion: 🌟 STRAX beckons traders to join the momentum-building phase as it eyes a breakout from the historical resistance zone. With strategic accumulation, substantial volumes, and outlined targets, the trader anticipates a bullish surge in the coming weeks. Prepare for potential gains with STRAX! 💹🚀
S
by RICHI_CRYPTO_SIGNAL
ICPUSDT: Ascending to New Heights! 🚀💹Introduction: 🌐 Brace yourselves for an exciting ascent in the crypto sky with ICPUSDT! Traders are gearing up for a long position from $11, as the price approaches a compelling level. Let's unravel the details of this potentially rewarding trade. Trade Details: 💰 The long position (#ICPUSDT) takes flight from $11, safeguarded by a stop-loss at $10.93. The rationale behind this move is the price approaching a fascinating level, amidst a confident ascending structure, backed by trading volumes and notable buyer activity. Technical Analysis: 📊 Navigating the 1-hour timeframe, ICPUSDT is steadily approaching a significant price level of $11. The ascending structure remains robust, marked by trading volumes and evident buyer activity. Upon reaching the designated peak, traders are advised to await the formation of consolidation before initiating a breakout. Expectations and Strategy: 🎯 The trader anticipates potential gains of approximately 9%, emphasizing the need to patiently wait for consolidation post the designated peak and subsequently capitalize on the breakout. Trade Target: 🚀 The primary goal is to ride the confident ascending structure, unlocking potential profits as the price ascends to new heights. Conclusion: 🌟 ICPUSDT invites traders to ascend to new heights in this promising trade. Prepare for a journey of potential profits, exercise patience during consolidation, and get ready to ride the crypto waves to new heights! 💹🚀
Long
by RICHI_CRYPTO_SIGNAL
LTCUSDT: Riding the Bullish Waves with a Long Adventure! 🐂🌊Introduction: 🌐 Get ready for an exciting adventure in the crypto seas with LTCUSDT! Traders are embarking on a long journey from $71.44, riding the recent upward structural break and the formation of a sloping support level. Let's dive into the details of this bullish odyssey. Trade Details: 💰 The long position (#LTCUSDT) sets sail from $71.44, secured with a stop-loss at $70.36. The rationale behind this move is the local break in the upward structure (BOS), forming a sloping support level. Price retracements reveal manipulation around liquidity, signaling significant player positions. Technical Analysis: 📊 Zooming into the 15-minute timeframe, LTCUSDT has locally broken the structure upwards (BOS) and formed a sloping support level. Price retracements indicate manipulation over liquidity, suggesting the accumulation of positions by a large player. A level is set at $71.98, anticipating stops from short sellers to act as a magnet for market makers. Expectations and Strategy: 🎯 The trader anticipates price compression towards the level through the slope, expecting further breakthrough beyond. Trade Target: 🚀 The primary goal is to ride the bullish waves, capitalizing on the structural break and exploiting potential liquidity traps. Conclusion: 🌊 LTCUSDT invites traders to ride the bullish waves on this exciting adventure. Prepare for a journey of potential profits, watch for price compression along the slope, and get ready for a breakthrough beyond! 🚀💹
Long
by RICHI_CRYPTO_SIGNAL
ICPUSDT: Navigating the Correction Waves with a Short Sail! 📉⛵Introduction: 🌐 Brace yourselves for a turbulent ride in the crypto seas with ICPUSDT! Traders are embarking on a short position from $9.073, navigating through recent active growth and identifying a descending structure. Let's delve into the details of this bearish journey. Trade Details: 💰 The short position (#ICPUSDT) sets sail from $9.073, anchored with a stop-loss at $9.122. The rationale behind this move lies in the recent active growth leading to a corrective phase, forming a descending structure that signals the strength of sellers and weakness of buyers with declining trading volumes. Technical Analysis: 📊 Zooming into the 30-minute timeframe, ICPUSDT is undergoing a correction after recent active growth, forming a descending structure that points to the strength of sellers and the weakness of buyers with a decline in trading volumes. The price compression along the trend is approaching a support level, validated multiple times and holding unrealized liquidity. Expectations and Strategy: 🎯 The trader contemplates a gradual approach with consolidation around the support level, anticipating an impulsive breakthrough with increased activity in the order book. Trade Target: 📉 The primary goal is to capitalize on the correction by riding the descending waves, navigating through the sea of potential profits. Conclusion: 🛑 ICPUSDT invites traders to navigate the correction waves with a short sail. Prepare for a bearish journey, watch for price compression around the support level, and be ready for an impulsive breakthrough with heightened activity in the order book! ⛵💹
by RICHI_CRYPTO_SIGNAL
YGGUSDT: Blooming from Support, Riding the Bullish Wave! 🚀🌺Introduction: 🌐 Get ready for a vibrant ride in the crypto garden with YGGUSDT! Traders are diving into a long position from $0.386, as the asset bounces off a support zone. Let's explore the blossoming details of this bullish trade. Trade Details: 💰 The long position (#YGGUSDT) blooms from $0.386, with a stop-loss set at $0.344. The rationale behind this move lies in the asset's rebound from a support zone, with expectations of a buyer's reaction. Technical Analysis: 📊 On the 1-hour timeframe, YGGUSDT has gracefully bounced from a support zone, creating a scenario where the trader eagerly awaits a buyer's reaction. With increasing volumes in the order book, the anticipation is high for a breakout and subsequent movement towards a test or crossover, leading to a journey into the liquidity zone. Expectations and Strategy: 🎯 The plan unfolds with entering the position at the current price or at $0.386. With the potential for one averaging down at the trader's discretion, it's a bullish cross into promising territory. Trade Target: 🚀 The trader anticipates a breakout and subsequent movement towards testing or crossing over, riding the bullish wave with the aim of reaching liquidity zones. Conclusion: 🌺 YGGUSDT offers a blossoming opportunity to ride the bullish wave. Traders, gear up for a colorful journey into potential profits as you navigate the vibrant crypto garden! 🚀🌈
by RICHI_CRYPTO_SIGNAL
IMXUSDT: Navigating the Bearish Waves! 📉🌊Introduction: 🌐 Brace yourselves for a thrilling ride in the crypto seas with IMXUSDT! Traders are setting sail on a short position from $2.32, anticipating a correction in this overbought asset. Let's explore the details of this daring trade. Trade Details: 💰 The short position (#IMXUSDT) sets sail from $2.32, with a stop-loss anchored at $2.61. The rationale behind this move lies in the asset being overbought and trading near a formidable resistance zone. Technical Analysis: 📊 Navigating the 1-hour timeframe, it's evident that IMXUSDT is treading waters at a strong resistance zone, signaling a potential correction and the crossing of the FVG (Fibonacci Golden Zone). Expectations and Strategy: 🎯 The plan unfolds with entering the position at the current price or at $2.33. Aiming for a 3-6-9% movement, with potential for one averaging down at the trader's discretion, it's a daring cross into bearish territory. Trade Target: 📉 The anticipation is set for a 3-6-9% move, as the trader navigates the bearish waves in pursuit of profitable waters. Conclusion: 🚢 IMXUSDT offers a thrilling opportunity to surf the bearish tides. Traders, fasten your seatbelts, set sail with caution, and ride the waves of potential profits in this exciting crypto journey! 🌊💹
Short
by RICHI_CRYPTO_SIGNAL
ESCORTS is currently sitting at a major demand zone!The stock is currently spotted at an important upwards curving area of demand that has been active for the past 4months. The demand zone has been enough times tested in the past 4months and proved its strength over all test occasions. The stock has traded between the demand zone and the control price for the past 2 months and the entire 2 months range can be thought of as an accumulation phase. The times when a stock gives a breakout after a long accumulation phase , what follows usually is the pick up in volume and momentum. The stock can begin a strong rise from current levels towards the INR3500 region(10% from CMP). INR 3100 currently is a good support area for the stock. A short term trade using 3090 as SL and INR3300(control price) for a target, would not be a bad trade either. CMP - 3130 SL - 3090 Target 1 - 3300 Target 2 - 3500
NSE:ESCORTSLong
by neeraj_2_sharma
GOLD retracing to 2034Price is currently in a daily distribution phase towards 1990, and we got to 2010 yesterday where Price was pushed back by an OB. The current movement of Price is not an impulsive move but a correction which is a reaction from the OB at 2010. I believe Price would take the NY liquidity created yesterday at 2030 and resume its downtrend. Its safe to buy but bear in mind we are in a downtrend, so scalp only if you can. Risk management is advised I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
TVC:GOLD
by owlswift_fx
🚀 Unveiling Trade Opportunities: FACT Fertilizers & ChemicalsWe're diving into the charts of FACT Fertilizers and Chemicals to uncover potential trade setups. Current Situation 📊: LTF Analysis: Currently, FACT is nestled in the 75-min demand zone, specifically the Rally 2 Base Rally (R2BR) zone. ITF Overview: The Intermediate Time Frame (ITF) shows a clear uptrend. The price is comfortably trading at the daily EMA20 HTF Insights: Zooming out to the Higher Time Frame (HTF), the weekly chart indicates a strong uptrend, and there's a clear path upside with no resistance in sight. Enter at the 75-min current demand zone, Risk-to-Reward Ratio: Aim for a lucrative 1:3. 🌟Thank you for your support! Your likes & comments. If you want to give any feedback then you can give in the comment section🌟 Trade with confidence, and let your profits run like a river. Embrace the journey! Disclaimer 🚨: This analysis is for educational purposes only. We aren't SEBI registered analysts. Trade responsibly.
NSE:FACTLong
by AfnanTAjuddin
2
2018 Rejection ===> 2002 Looking at this chart, we can see Price was moving in a a 1HR range, from 2015, we saw some rejection that took Price down to 2005 where Price failed to close below the range, and we saw a sharp rejection at the imbalance/FVG to the upside which brought us to 2014 where Price finally closed above the range, and it continued trending up to 2017. The rejection at the FVG/Imbalance is a liquidity that needs to be taken if Price wants to make another swing high, which means Price might get to 2002 after sweeping the current high at 2018, and getting rejected. More update will follow at NY Session where the action resides. I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
OANDA:XAUUSD
by owlswift_fx
2009 in View if....Price got a clean rejection at 1931 last week Monday, and started moving up since then. We have seen series of HHs and HLs, ad Price is currently on a zone where its next course of action could be determined. Yesterday, we saw Price show a strong rejection candle at 1965 zone which marked the beginning of the current bullish thrust. If Price breaks the current zone, we should see it move up to 2009, 2020, and 2030. My chart is pretty simple and explanatory, I would advise we start looking for BUYING opportunities once the zone breaks Risk management is advised I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
OANDA:XAUUSD
by owlswift_fx
Last Bullish move towards 2015-2020Price has been bullish for a couple of weeks now, and I believe its nearing its end at 2015-2020. Today, is the last day of the month, and like I projected in my earlier analysis, Price would close below 1990 which what is currently unfolding. Since the beginning of last week, Price has been consolidating, and it made a high today by sweeping 2002. Right now, the long awaited buy zone which is 1978-1982 is where price currently resides and its a good spot to buy GOLD towards 2015-2020. My chart is pretty simple and explanatory, I would advise we start looking for BUYING opportunities Risk management is advised I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
FOREXCOM:XAUUSDLong
by owlswift_fx
7