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Demandandsupplyzones

SPY - Short term bullish - Quick TradeHello Friends, AMEX:SPY has shed a lot of value in a week but there seems to be some good news if you're looking for a very short term bullish trade. We will have to understand supply/demand levels on multiple time frames. In a daily TF, Price opened gap down, approached a daily/weekly demand zone and closed within top 33.3% of a candle range(Bullish Pin bar candlestick). Bullish pin bar with a good volume suggests the presence of demand. There's a gap to be filled. So our first target is at the upper bound of a gap around 373.44. I like to use anchored VWAP as a dynamic support/resistance and also as an additional confirmation for the target. In a downtrend, I drop anchored VWAP from a recent swing high to find dynamic resistance level which is currently at 386. There's a visible supply zone between 381 and 390. So if price is able to breach our first target then the next safe target would be at 381. Target levels are marked on the chart below. Zooming into 45 minutes TF, it is visible that before price opened gap down, there was a supply zone forming. Our first target is actually a lower bound of a supply zone. Additionally, a bullish RSI divergence is also visible which is an additional confirmation for price reversal. Similar confirmations are found in 15 minutes TF as well. Remember, Overall market is still bearish so you have to be very nimble while trading against the trend. A good trader always find opportunity in any market conditions! Do you agree with my analysis? Please let me know your thoughts by commenting below and follow me for more such ideas. Happy and safe trading! :)
AMEX:SPYLong
by PriceActionTrader1
4
Brent oil - Price Action Analysis Due to Ukraine-Russian war, CAPITALCOM:OIL_BRENT price was sharply accelerated But from Jun 2022 , price was making lower lows after unable to close the high and defeated. So how far it can go, for that we need to understand price action in higher time frame. Weekly TF (higher Timeframe) : After Pandemic deep , Price clearly making higher- highs and also bounced from taking support of dynamic trend line. At the end of the week , Price may get support from the same dynamic line but still we didn't get confirmation whether it will continue the trend or it is a reversal? That visibility is available in daily TF. Daily TF : After knowing from the higher TF (Weekly), we get a initial idea how's the price was reacted from dynamic trend line and also it is making falling wedge with structure of LH -LL. There are two possibility we can get over here : 1. Either this bounced from the trend line will sustains and price will break this wedge structure and makes Higher - highs. (P -1) 2. Price will again reject from the mention levels and following the trend. (P -2) In Conclusion , My observation still at the down side because there is no clear direction of structure breakout or change in price-action that supports any bullish price action. Buyers can wait till price comes at demand zone or you can follow the price action. Sellers can get opportunity when price reject from above mention levels and clear confirmation in terms of the volume and momentum. If you have a different opinion, please share your thoughts in the comment section. If you like my ideas, please show some appreciation with a like and follow me for more such trade ideas. Happy and safe trading! :)
CAPITALCOM:OIL_BRENTShort
by vraj8597
YEN DROPPED but worried about BOJSome news on the wire source :(bloomberg) Yen Falls After Hawkish Fed, Awaits BOJ Decision: Inside Japan By Chikako Mogi (Bloomberg) -- Yen falls after the Federal Reserve raised rates and provided a more hawkish outlook for its future rate path. Government bonds are likely to follow Treasuries higher ahead of the Bank of Japan’s decision.  USD/JPY up 0.2% at 144.31 after rising as much as 0.7% to 144.70 Wednesday Short-term bullish flag forming and sets up for a breach of 145 USD is strengthening after hawkish FOMC and if BOJ stands pat, USD/JPY may rise toward upper 144 levels, says Yuta Suzuki, vice president at MUFG Bank in New York If BOJ’s Kuroda changes his tone over the weak yen or suggests that the weak yen may impact monetary policy, USD/JPY could drop by 1 yen Dot plot suggests Fed is determined to keep policy rate above 4% next year regardless of economic conditions While intervention wariness remains, traders may need to raise their buying levels from around 140 if probability of monetary policy action from Japan is low daily chart 4h overall BULLISH
by Junmadayag
3
ETH/USD - outlookOUR SHORT TERM OUTLOOK ON ETH/USD (DAILY, 4 HOUR, 1 HOUR - analysis) - i used white path lines to represent our thoughts on incoming days - due to past/incoming news we will most likely take direction to downwards - price reached 4h demand zone (1445-1474) after Friday speech - we have broken support at 1552 which could be retested & price would continue to drop to our next 4h DZ (1356-1395) where it could react , if not we are going to see ETH to test lows at 1318 - if price continues to rebound & fill gaps (imbalance) upwards price will face strong daily DZ (1653-1722) and also 1H DZ sitting below at 1624 area - we have sitting liquidity above daily DZ, which could be taken by simple LQ grab or by breaking those equal highs, than we could potentially see price pushing towards 1821-1883 area where we will see what happens FEEL FREE TO COMMENT & DISCUSS LB LAZYPIPS
COINBASE:ETHUSD
by lazypips