Demandlevel
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
Gap Up or Drop Down?How's it goin traders, hope this recent rally has been treating you guys well. Here we have a potential gap up setup. We have a very aggressive uptrend currently and, we are approaching some supply zones that we will test and see if they prove to be strong resistance. Right now I see more up before we take profit/ have a small pullback. Thoughts traders? Have a good one!
FUTURE UNCLEAR...OPINIONS?After Biden's speech last night is seems that retail investors now have fear of missing out. I believe this could be a bull trap we shall see what happens next week. I will be hedging calls w my puts. NFA.
Red Zone is 4hr supply. Green Zone is 4hr Demand.
EURUSD LONG SETUP 4 HOURHello ! According To My Views , If Eurusd Fall TO 1.0765 Level Then You Can Buy It For 1.0820 Price & Stop Loss Should Be 1.0722 Area . I Hope We Will Make Together Good Profit From This Trade .
Thank You
USD/CADBeautifull PA on UC is printed last friday We have liquidity sweep in last 4H low. Then we seen push up. Curently we siting at M15 strong high. My expectation is that price can go little bit highter and then slowly selling down for that demand that I drow. If we get nice confirmation in this area we can get nice trade of that. All demand behind are filled. Exapte one IC candle with i drow another demand (that lower and tighter). I recommended watching PA in that demand and trying to find long entry.
USDCHF DEMAND ZONEHigher probabilities of USDCHF moving to the upside from the demand zone it is approaching
Demand and supply StrategyAs we can see a Aggressive Buying breaking previous levels we can surely look for Buying by using Demand and Supply, Just wait for proper Conformation.
EU SHORT EUR USD SELL SHORT POSITIONS
There are so many opportunities to exploit this cross on a weekly & monthly basis.
Remember that we focus on consistent R pcm , with solid risk-management and RR
ZECUSDT wants to retest the monthly supportThe price lost the daily support and once is going to retest the 1.618 Fibonacci ext.
The price could create a bullish impulse until the 0.5, 0.618 Fibonacci level grab the liquidity in order and retest he monthly support on 85$
So, how we can approach it?
IF the price is going to have a breakout until the 0.5 - 0.618 Fibonacci level and the price is going to satisfy our rules, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
GRTUSDT is testing the supply zone as resistanceThe price is testing the weekly resistance after getting the liquidity as I told you in my previous idea.
on the 4h timeframe the price is creating a descending channel below the 4h supply zone where the price got a rejection.
How to approach?
The price needs to have a breakout from that area and flip the supply zone into new demand zone. so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
VLXUSDT wants the new liquidity for a new bullish impulseThe price had an impulse after my previous analysis and now the price is testing again the dynamic support on the daily timeframe.
On the weekly timeframe, the price is going to create a triple bottom on 0.2$.
the price has a Demand cluster of 0.20, and we could see a spike on it in order to grab new liquidity for the new bullish impulse
How to approach?
We are monitoring the price, the price could have a bounce on the weekly dynamic support and get liquidity for the new breakout from the daily resistance on 0.23$
According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐1
SPX 500 - BOTTOM REACHED (Short Term Move)OANDA:SPX500USD
Considering we are reacting from a MONTHLY AREA OF DEMAND **See my profile for more information**
We are seeing a reaction to a 2 HOUR DEMAND LEVEL, with targets to the SUPPLY LEVEL higher up. This trade is to take advantage of the shorter-term move. This trade hitting targets, our longer-term trade, with targets higher up become risk-free.
If this level is respected and the cause of the break of the opposing supply level, evidence will build that this is the bottom of the market and demand will start to build for the S&P 500 including all other US indices and most US Stocks that are ALSO currently reacting to monthly demand levels **See my profile for info on those stock palys**
This level could be responsible for a push higher if supply and demand levels are respected.
SPX 500 - BOTTOM REACHEDOANDA:SPX500USD
With the economy reaching PEAK FEAR, very likely we have reached the bottom...
But I wouldn't base it on pure fundamentals... Here we see clear Institutional Demand Levels.
We have just encountered a substantial demand zone increasing the possibility that we have reached a bottom in the market. We can start to see and trace this evidence in the markets as shown on several different stocks as well.
Check my profile for all different potential stocks that can be affected by an increasing S&P 500.
EUR/USD - Current Outlook ahead of F O M CEUR/USD is currently trading within a Rangebound market ahead of F O M C Minutes later this evening (UK GMT) Market could play off of the extremes within this range or merely inducing Liquidity for later moves, seeing prices come back to visit the Supply levels higher up.
As always we never look at to act pre News but play the reactions. If you're not comfortable with trading around the news or playing the reactions. Stay Patient and let the market play out then come back tomorrow !!!
There are so many opportunities to exploit this cross on a weekly & monthly basis.
Remember that we focus on consistent R pcm, with solid risk-management and RR
$PYPL - Demand Zone BelowI've been eyeing $PYPL for a while now and I think this week will make or break it.
Although we found support right above the demand zone at 179, I believe we may have a kiss more downside left in the tank. I want to see us get to the demand zone before scaling in a position.
If we see 175 and bounce, I'm a buyer. That being said, I will swap to puts if we break to the downside as we've got quite gap to fill below.
HSILBroke more than 2 months of consolidation with superb volume.
Lowest PE in sector.
Range Breakout.
Weak below 208.
Swing Trade
Targets = 288, 300
EURUSD: Weekly Forecast 22nd August 2021EURUSD had another bearish week right after a short recovery from the week before, essentially breaking new low again.
While reviewing our past weekly forecast, it actually followed an ABCD pattern based on the weekly timeframe and shall be completed this week should the price drops further into the demand level at 1.16.
The dollar has been strengthening weeks before the Fed has turned hawkish where it now stands ready to taper this year, thus potentially bring about a reverse effect when it does taper.
This week, we shall follow the current trend and look for selling opportunity starting from 1.1710 supply level, and aiming for the demand level at 1.16.
Otherwise, we will be observing for a clear reversal signal as an ABCD in the weekly timeframe completes at 1.16.
WTI: Weekly Forecast 22nd August 2021WTI just recorded another record-breaking drop in a week, showing no sign of stopping even in the last trading day.
The oil price has definitely reached an extremely overbought level and it should not be any surprise to see major correction like this.
Do keep in mind that oil is still in a bull market and it's very likely that oil demand will reach another record-breaking level once travelling overseas return in the foreseeable future.
Putting the fundamental aside, when the oil market does a major correction, it is usually within a range of 20%, and guess what? We are just 1% away from 20%.
Therefore, we will resume looking for buying opportunities at the current demand level around 61 BUT keeping in mind that the short-term trend is still very bearish though extremely oversold.
Should the price rebounds, we should be able to see 66 again and eventually resuming into a bullish trend overall.
Trading concept- Absorption of DemandMyth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong.
Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders.
Underlying logic:
1. Whenever the price keeps approaching a certain level, there are pending buy orders which are waiting to be filled.
2. Every time the price comes back to this level, a certain amount of orders gets absorbed.
3. More the price approaches that level, the lesser unfilled order remains.
4. Hence, ultimately all the orders get absorbed and we see a breakout/breakdown of that level.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
@johntradingwick
"AUDUSD" 2 AOI's to longA nice buy approaching once price enters the closest demand, if price doesnt show my entry model on LTF and continues to fall then we will be looking at the next demand for a long opportunity.
Can NBCC (India) Ltd move from 22.35 to 28?As per my analysis, NBCC(India) Ltd NSE:NBCC is around the demand zone. Due to the current market conditions it might go a bit more downward, but then start moving upwards towards Target1.
Please do let me know in case my understanding is wrong.
