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Demand Zone

BTC ANALYSIS 8/7/23BYBIT:BTCUSDT.P We are BACK with other simple analysis and yes, we are still in that consolidation phase for now and just waiting to signal what way BTC wants to go but either way we adapt to whatever it is get some nice trades in. As far as we know guys, we could be about to blast all the way up to the 35k mark at any time! I am still longing as I am long bias although my risk is less and my SL is much tighter at this point in time. The biggest advice I can give out of this post is - *Stay extremely patient and don't pull any impulsive triggers. *Keep your risk to a minimum. *Make sure the SL's are tighter than usual. *As I said in yesterday's post take this time for studying on your craft OR yourself. Thanks guys.
by RPMWealth-Capital
POSITION TRADING: SHORT AUDUSD. TARGET 0.64000TRADE TYPE: INSTANT ENTRY TRADE DIRECTION: SHORT TIMEFRAME: WEEKLY ENTRY PRICE: 0.67000 STOP LOSS: 0.69000 TAKE PROFIT: 0.64000 RISK TO REWARD: >1:1 ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high Follow this thread for any future updates regarding this specific trade. CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Short
by FX618Analysis
1
USD is Trading Inside of Wedge and May Rise to ResistanceHey Traders👋🏻 On The Daily Time Frame The USDJPY Price Reached a Strong ResistanceLevel (142.255-141.267)✔ The Price Broke This Key Level (The Resistance Becomes New Support Level) Moreover, The USDJPY has created a Rising Wedge pattern and trades inside. So, I Expect a Bullish Move📈 i'm waiting for a Retest... ----------- TARGET: 145.050🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
8
GOLD will fall more currently the gold is moving between a bearish channel and is broken below the weekly resistance ..in that case it would be fall more until 1880 weekly support which was previous resistance .in that point gold seems quite bearish .we can see the daily demand around 1910 area was actived and price moved to 1930-1936 area again. on other hands , IF the gold trade above 1940 means ,the bulls back in to tha market then turn the trend to bullish side .currently we are only looking for gold selling opportunities until it trade below 1930 and 1940 area. also the MACD histogram is giving a negative signal and that means there has a higher probability to sell on gold good luck for this week.. OANDA:XAUUSD
OANDA:XAUUSDShort
by rasindu2003
ETH LONG IDEA (EDUCATION) THU 29 JUN 66It can be seen that, the price of eth/usd create bullish structure for long bias. The reason 1) Price break trend line 2) Price did bullish correction 3) currently, the price show finish bullish correction at ema 200 in conjunction with resistance become support level with piercing pattern. Fibonacci Extension for measuring potential resistance (profit target) 1) start from 1627(lower low) to 1936(higher high) then drag to 1820 (higher low) 2) we will get the profit target which is 2063 (0.786 ratio) as resistance level Ema 200 (stoploss) : the stoploss level should be 1 block below the ema 200 to prevent volatility hunt our stoploss level @ price 1777 Money management, using stoploss affect mental performance, therefore, trader should spend money from free cashflow that they receive from other sources such as dividend or rebalancing assets. For example, I gain cashflow from passive trading 1000$ TYPE A (SCALPING MODEL), I want to trade for 10 times (assume that my win rate is 50% and risk reward ratio is 1:3). I will risk on this eth/usd for 100$ to gain 300$ and i will risk 100$ only when the price break trend line and make bullish correction like this. therefore, i will keep entry the same set up for 10 times. TYPE B (Risk per trade model) I want to make it another portfolio I will risk on this eth/usd for 2% to gain 6% (risk 20$ to gain 60$) This is just example of how i manage money for trading because my goal is to trade for a long time so i decide to pick the right approach and strategy for my risk appetite level. and the method can solve problems such as mental breakdown, mindset, and psychology. (changing the process is better than fixing the habit !)
BINANCE:ETHUSDLong
by kennkennntl
EURGBP LONG breakout and retest 29 JUN 66 (education) In the weekly chart, the price show 2 consecutive large green indicate price reversal. The price of EUR/GBP pair broke out of the range in 45Min TF and throwback at the resistance become support level. The EMA crossover shows the bullish momentum for entry. The candlestick that confirm bullish rejection at the resistance become support level is "Doji" Therefore, i decide to entry at the current price and stop loss slightly below EMA "34" . The profit target is 2.00 RR. # i decide to use EMA as dynamic support level after price start trending market.
Long
by kennkennntl
1
Daytrade Plan for XAUUSDFollowing the previous XAUUSD post, the price pattern has completed the descending triangle formation and is reaching to the recommended TP2 zone, where traders should definitely start to take profits. The reason why we should start scaling out of sell/short positions here is because there are a cluster from multiple indications on this demand zone at 1900 area including: 1) POC from fixed range volume profile of the previous swing low-swing high 2) 161.8 target from fibonacci after the consolidation of descending triangle formation 3) EMA-200 day period Evidently, this demand zone is considered strong based on the cluster of 3 technical indications There will likely be a technical rebound near this area, where we can trade against the trend for a very short trade. However, it would not be wise to place a trade right away. The price actions should begin to form a range of consolidation and show a lower high first in 15m timeframe before placing a trade. SL: at the lowest point in 15m timeframe TP: at two cayenne lines are acting as minor resistances and should then be the TPs for this short trade plan: 1910, 1917 respectively. Again, this short trade plan is trading against trend which can be very risky. Therefore, do not forget to put a stoploss and place in proper risk management on your positions as always
OANDA:XAUUSDLong
by ChartTrail
CROUSDT Long Trade Idea (1H + 5m)1H: - Price rallys downwards with momentum - Price creates equal lows which is sell side liquidity - This gets cleared as price moves lower - Price also clears a major low, identifying a break of structure lower 5m: - Price moves upwards with momentum, forming displacement - Price clears multiple highs in this bullish move up - Price forms a fair value gap (FVG) which is at a discount and this is where we go long TP set to resting Buy Side Liquidity on 1H - 0.06040 SL set to the lowest low of the move upwards - 0.05604
Long
by Sincityy