Demand Zone
FETUSDTFETUSDT is trading in bearish parallel channel and reached at very strong demand zone. In past this demand zone shown very fine bullish reaction. Currently the price is also giving respect to declining trendline. Once the price is able to break declining trendline it will be a nice bullish run.
15m time frame demand level for GoldI've spotted a key demand zone for Gold on a 15m chart. The demand level range is between 1949.615-1947.885. If the price retraces to this zone, I'll be considering a long position. My target is set at 1959.645, with a potential for a 5.1 R reward.
I plan to exit the trade if there's a 15-minute candle closing below the demand zone
CADJPY - Bearish Double TOP📉Hi Traders👋🏻
On The Daily Time Frame The CADJPY Price Reached A Resistance Level (107.400-107.812) and 61.8 fibonacci retracement level !
Currently, The Price Formed a Double Top Pattern📉
The Neckline is Broken🔥
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 104.950🎯
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📈🐂 EURUSD Technical Analysis: Bouncing on Demand Zone! 🚀🐂Hey traders! 🐂📈 Exciting times ahead as we've got a bullish setup on the EURUSD forex pair in the 1-hour timeframe. Let's dive into this opportunity! 📈🐂
💹 Demand Zone Bounce: The price action bounced strongly on the demand zone, indicating an area where institutions have placed their orders and are likely to defend this level.
📈 Descending Channel Breakout: Adding to the bullish momentum, the price broke out of a descending channel and retested it successfully, signaling the start of a highly potential bullish impulse.
💡 Take Profit Zones: As we ride this uptrend, my take profit zones are strategically placed at 1.11300, 1.12000, and finally, my target at 1.12600. Keeping an eye on these key levels is essential for managing the trade effectively.
🧐 Remember, trading requires careful analysis and risk management. Let's keep a close eye on this setup and make the most of potential trading opportunities. Wishing you success in your trading journey!
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful🚀
CADCHF - BEARISH MOVE📉Hello Traders👋🏻
On The Daily Time Frame The CADCHF Price Reached a Support Level (0.66430 - 0.65980).
Currently, This Key Level is Broken (Support Becomes New Resistance Level)🔥
So, I Expect a Bearish Move📈
i'm waiting for a retest...
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TARGET: 0.65000🎯
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Bullish Bat Pattern within Buy Zone📈 CADJPY Bullish Bat Pattern 📈
Exciting opportunity on CADJPY! 🦅 A Bullish Bat Pattern is forming within the buy zone. 📊 Conservative traders target 106.79, while adventurous traders set their own targets. Remember to manage risk and stay informed. Follow @raynlim for more trading insights. Happy trading! 🚀
EURAUD I Long from bottom of the channelWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Trading Journal #5: NZDCAD Reversal BuyI see a potential buy opportunity back up the weekly high and maybe further. Since price has reversed to the upside on the 4 hour timeframe, this could be a great opportunity to set my pending order.
If price doesn't trigger me into the trade I will enter a manual buy position on the Daily TF.
Thank you for watching my Trading Journal.
Be blessed.
Shaquan
EURNZD potential long setup at demandI've spotted 2 demand zones ( level on top of level) for EURNZD between 1.78258 and 1.78127 (first demand level) on the 1 hour chart. If price retraces to this zone, I'll be considering a long position.
My target is set at 1.79537 (first demand level price target), with a potential for a 6.4 R reward. That's 6.4 units of profit for every unit of risk.
I plan to exit the trade if there's a 1 hour candle closing below the demand zone number 2 (1.77957)