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Demandandsupplyzones

Daily OutlookPrice has shown a clear rejection at the demand zone which has held for since the beginning of the year 2023, and DXY also closed today with a strong bearish candle momentum which signifies strength for xxxUSD pairs. Elliott Wave From the wave analysis perspective, I think we just saw a completion of wave X as Price is printing out a complex wave correction, and wave Y (800pips) is starting out, but the first immediate TP is at the supply zone drawn. So, I am buying up to the first TP at the supply zone drawn with SL at the bottom of the demand zone. This is a long term trade. 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 ❕❕❕
Long
by owlswift_fx
4
Gold outlook with DXY confirmationGold took liquidity resting at 1913 got rejected in the demand zone at 1910 where Price got a big momentum to the upside and this has given the impression that a reversal is inbound for Gold Using the Fib retracement tool we can see that GOLD got rejected at the 78.6% line which is a strong reversal level for Price when starting out a new wave DXY is also showing signs of weakness and if the daily candle for DXY closes as a bearish candle, then our bullish move on GOLD is confirmed This is not an advise to buy yet but an impression as we are waiting on DXY if it would close on today's candle bearish.
TVC:GOLD
by owlswift_fx
1926 in viewI don't want to spend much time explaining and just move straight to the point. I am using Demand and Supply with Elliott wave for this analysis Look at my previous analysis here From my previous analysis Price completed 5 wave movement which ended @ 1901 as opposed to my projection at 1904, and it has shown a clear rejection at the demand zone highlighted on the chart, so I am anticipating a move to 1926. Fundamentals for USD came out strong today but GOLD refused to close below the demand zone, and that should tell you its not going below 1900 for the time being This is going to be a bumpy ride because I see this as a correctional wave and it is a swing trade so I would advise that you stay very patient and always look out for buying opportunities. RIsk Management is advised and remember pullbacks are necessary for Price to reach its goals, learn to be patient to get the best entry 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:GOLDLong
by owlswift_fx
Rejection before Selling for 200pips+Price is on a downtrend for a couple of weeks now and it is currently moving up i.e. pulling back to retests supply zones, OB, or broken structures. I am anticipating Price to getting to 1.2585-12592 where I have a supply zone drawn, which is also the 50% Fib retracement level and show a rejection/signs of weakness, which would make me sell for 200+pips. Price is currently at 1.2510 and you can choose to buy here towards the supply zone at 1.2590 since Price has broken a supply region, and it is currently retesting it before it shoots up towards my supply zone. I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍ if any of the concepts makes sense to you or not. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
by owlswift_fx
New week, new opportunities!I’m expecting the week to start and take all of the liquidity above those highs (red dots). The volume of that move higher will be very important to take into consideration. The issue is, the week needs to make a new low and that fact alone will probably give bears an advantage from my POV. To make a significant low on the weekly, price will probably have to break H4 structure and if it does, the next demand that I’ll be paying attention is around 1.075. As traders, we need to take into consideration different scenarios and how to act upon them. So here’s how I’ll trade next week. If price starts breaking bellow Fridays low, I’ll start looking for shorts aggressively and considering the possibility that it will reach 1.075. When it does, I’ll look for longs, because price should take liquidity from above, before continuing with bearish momentum if that’s the case. Also important to notice that level is inside weekly demand and if it breaks, the bearish momentum would be very aggressive. I don’t consider that as likely to happen, unless there’s some catalyst from high impact news. The other scenario that I’ll be looking for, is price holding Fridays low and continue higher to take the liquidity as mentioned above. In that case, I’ll consider shorts from around 1.097 BUT since price is coming from daily demand it will depend on how it gets there and even if I take positions, I’ll manage my expectations about the results. Monday and Tuesday don’t have any high impact news, which is perfect for price to grind higher, which is my main expectation for the beginning of the week. Wednesday there’ll be PMI data on EU and US, should be very volatile. Thursday, unemployment claims from the US and Friday consumer sentiment and Powell speech after. The goal is to remain truthful to the plan and enjoy trading for what it is!
Long
by CirculoForex
Support and Resistance- Flipping Roles⚡In simple terms, support is a level where demand overcomes supply, while resistance is a level where supply overcomes demand. In the market, different types of traders participate, and I have broadly categorized them into four groups based on their behavior. ⚡You may have heard that once a support level is broken, it tends to act as a resistance level, and vice versa. This phenomenon occurs because the roles of support and resistance flip, influenced by the psychology of traders at these levels. ⚡Let's illustrate this with an example. Consider Group A, a set of buyers who bought a stock at 80. The stock price rises to 100 but faces some resistance. At this point, Group B, consisting of short sellers, enters the market and starts selling the stock near 100, with their stop-loss orders placed just above 100. Thus, there is supply present at this level. ⚡The price consolidates within a narrow range and eventually breaks out above 100. Group A is delighted as they bought at a good price, but Group B becomes unhappy. Some members of Group B exit the trade as their stop-loss orders get triggered, while others continue to hold in hope of a favorable outcome. ⚡Now, another group of traders, Group C, known as breakout traders, becomes active above 100. Their buy orders, combined with the buy-stop orders from Group B, add momentum to the upward movement, pushing the price up to 110. ⚡As the buying pressure eases, and short-term traders take profits, the market starts to pull back, eventually reaching the old resistance area around 100. ⚡Many pullback traders look for buying opportunities near this level. Additionally, members of Group B, who shorted at 100, realize their mistake and start buying to close their short positions at breakeven. Some of them also reverse their positions. Other buyers who were waiting on the sidelines also start entering the market. All these buy orders create a strong demand. ⚡Notice that once there was significant supply at 100 and now there is significant demand. If this demand is substantial enough, the price resumes its upward movement, illustrating how changes in market sentiment impact a participant's psychology and consequently affect the nature of support and resistance levels. ⚡The reverse is true for how a support level, once broken down, turns into a resistance level. ⚡I hope you found this tutorial helpful. Please stay tuned for more educational content in the future. Feel free to show your support by liking this post. Disclaimer: Practical knowledge
NSE:NIFTYEducation
by Bravetotrade
10
SPX 500 - where are we now?G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Three, Four Day Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Daily Chart Weekly Monthly Do you enjoy the setups? Professional analyst with 6+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIII
OANDA:SPX500USD
by LupaCapital