EUR/USD Buys from 6hr demand at 1.11200EUR/USD (EU) Analysis:
I’m expecting price to move down slightly to sweep the liquidity resting at the equal lows. Once those lows are taken, I anticipate price to slow down and begin accumulating in my 6-hour demand zone, where I’ll be looking for potential long opportunities. This aligns with the current bullish trend, making it a pro-trend setup.
If price moves up without sweeping the equal lows, I’ll shift my focus to selling from the 16-hour supply zone above. For now, EU is caught between areas of liquidity, so I’ll wait until midweek to assess where it stands before making a decision.
Confluences for EU Buys:
- There’s significant liquidity above the demand zone, which is a positive signal.
- The demand zone has led to a break of structure to the upside.
- The overall trend remains bullish, supporting this pro-trend idea.
- The (DXY) continues to show bearish momentum, which supports a bullish EU outlook.
There are still imbalances and liquidity above that need to be filled.
Note: Price has already reacted to the 4-hour supply zone I marked last week, which could be causing this minor pullback towards the 6-hour demand zone.
Have a great trading week, everyone!
Demand Zone
GBP/USD Longs to Shorts. Bullish pressure weakens...I expect price to push a bit higher to reach the weekly supply zone above. However, since price hasn’t fully broken structure and has instead swept liquidity at the Asian session high before dropping back down, this weakens the validity of the 7-hour demand zone I previously marked.
Given the failure to break structure to the upside, I wouldn't be surprised if price starts to decline. I’ll be watching for it to reach the 6-hour demand zone around 1.32000, where I’ll look for new buy opportunities.
Confluences for GU Longs:
- Price has left a clean 7-hour demand zone, which could trigger a bullish reaction.
- The overall higher time frame trend is bullish, making this a pro-trend idea.
- There’s significant liquidity to the upside, along with an unmitigated weekly supply zone.
- The US Dollar Index (DXY) remains bearish, aligning with the bullish outlook for GBP/USD.
Note: If price reaches the supply zone above, I'll also be looking for a potential reversal, which could present a strong sell opportunity. With NFP (Non-Farm Payroll) this week, be on the lookout for any significant moves.
DXY (Dollar) Sells from 101.700For the DXY, my outlook is that the price will retrace back up to 101.700 before continuing its bearish trend with another drop. Since that point of interest (POI) is still far from the current price, I’ll be looking for a potential buy setup around the 100.800 area, which aligns with a 3-hour demand zone.
If the price respects this zone, it could generate enough momentum for the pullback. We’re already seeing a strong reaction from the 9-hour demand zone I marked last week, supporting this scenario. A further decline in the dollar will serve as a confluence for bullish moves in my other pairs.
Have a great trading week, everyone!
EUR/USD Sell to Buy idea from 1.10200This week's analysis for EUR/USD (EU) is quite interesting, as there is significant liquidity on both sides of the market. My plan is to wait for a liquidity sweep before considering trade entries. Ideally, I would like to see the price reach my 17-hour demand zone to continue the upward trend.
If the price doesn’t immediately reach that point of interest (POI), I’ll look for a short-term sell opportunity from the 4-hour supply zone, but only if I get the right confirmation. While there are equal highs and Asia session highs above the supply zone, I’ll be cautious and look for additional confluences.
Key confluences for EU buys:
- Significant liquidity to the upside, including equal highs and Asia session highs.
- A 17-hour demand zone that caused a break of structure to the upside.
- This is a pro-trend idea, with buys looking more favourable.
- The DXY (Dollar Index) is bearish, further supporting the bullish outlook for EU.
P.S. If the price breaks structure to the upside, I’ll look for a new demand zone to buy from. There’s a lot of liquidity built up above the current price that the market may target.
XAUUSD | GOLDSPOT | New perspective | follow-up detailLast week, Gold (XAU/USD) remained range-bound, trading within the $2,510 and $2,530. This followed a rebound fueled by weak Nonfarm Payrolls data, which showed a significant slowdown in US hiring.
Traders reacted quickly, with Fed interest rate cut probabilities fluctuating. At one point, a 50 bps cut was priced in with 70% odds, but by the end of the week, a 25 bps cut became the most likely scenario.
Adding to the dovish sentiment, several Fed policymakers, including John Williams, Christopher Waller, and Austan Goolsbee, have signalled their openness to easing monetary policy.
With the Fed leaning towards rate cuts, what does this mean for Gold's price in the coming week?
Join me in this video as I analyze the latest developments and discuss the potential path for Gold.
XAUUSD Technical Overview:
This week, we're focusing on the $2,485 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#GoldPrice #XAUUSD #Forex #MarketAnalysis #FedRateCut #GoldOutlook #TechnicalAnalysis #NonfarmPayrolls #CMEFedWatchTool📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Nasdaq Thoughts 12-Sept-2024Kindly see my Nasdaq thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
STXUSDT touch confluence | Long BiasOn week chart
BINANCE:STXUSDT hit and bounce back from the ascending trend line and Golden Ratio on week chart
On 4H timeframe
BINANCE:STXUSDT had returned to fill orders and bounce back
With signals from week and 4h timeframes, my opinion likely Long bias for this time and wait confirmation to trade
Wait and see
Supply/Demand Analytics on 2024 Oil: IEA-EIA Demand ProjectionDear Esteemed Members,
There are several fundamental factors that could support the oil price reaching $76.09 per barrel, which is the highest level since November 2014.
As the global economy rebounds from the pandemic, the demand for oil is expected to increase, especially in the second half of 2024. The International Energy Agency (IEA) projects that global oil demand will grow by 5.4 million barrels per day (bpd) in 2024, reaching 99.6 million bpd by the end of the year.
The OPEC+ group of oil producers, led by Saudi Arabia and Russia, has been maintaining a cautious approach to increasing output, in order to balance the market and avoid oversupply. The group agreed in April to gradually raise production by 2.1 million bpd between May and July, but this is still below the pre-pandemic levels of output. Moreover, Saudi Arabia has voluntarily cut an extra 1 million bpd from its production since February, which it plans to phase out by July.
The US shale industry, which was hit hard by the price collapse in 2020, has been showing signs of discipline and prudence, focusing on improving cash flow and shareholder returns rather than expanding production. The US oil rig count, a proxy for drilling activity, has increased by about 100 rigs since the start of the year, but it is still more than 300 rigs lower than a year ago. The EIA estimates that US crude oil production will average 11.2 million bpd in 2024, which is 0.3 million bpd lower than in 2020.
The oil market is always susceptible to geopolitical tensions and conflicts that could disrupt supply or create uncertainty. Some of the current hotspots include Iran, Libya, Nigeria, and Venezuela. Iran, which has been under US sanctions that limit its oil exports, is engaged in indirect talks with the US to revive the 2015 nuclear deal, which could lead to a lifting of sanctions and a return of Iranian oil to the market. However, the outcome of the negotiations is uncertain and could face opposition from hardliners in both countries. Libya, which has been plagued by civil war and instability, has seen its oil production fluctuate due to frequent attacks and blockades on its oil facilities. The country is currently producing around 1.2 million bpd, but it faces challenges in maintaining and increasing its output amid political and security risks. Nigeria, Africa’s largest oil producer, is facing social unrest and militant attacks that could affect its oil infrastructure and exports. The country is also struggling to implement a long-awaited reform of its oil sector, which could improve its governance and attract investment. Venezuela, which has the world’s largest proven oil reserves, has seen its oil industry collapse due to mismanagement, corruption, and US sanctions. The country’s oil production has fallen from over 3 million bpd in the late 1990s to less than 0.5 million bpd in 2020.
Kind Regards,
Ely
$BIDU | Allocation | Market Exec | Technical Confluences:
- Price is considered at Oversold conditions in the D1, Weekly and Monthly Timeframes
- Taking a Fibonacci Retracement from the beginning to the high of BIDU, price action is now at the 78% Fibo retracement
- Price levels coincides with a Demand Zone which has been a strong demand zone over many years every time these levels are tested
Fundamental Confluences:
- NASDAQ:BIDU is referred to as the 'Google of China' and has been diversifying it's offering into AI, cloud services and autonomous driving tech.
- Locally, they are up against Tencent and Alibaba in the digital ads, AI and cloud services but on a global scale, Google and Microsoft are there against them
- Being 'Google of China' gives them the brand recognition and giant user-base helping ads revenue
- Financially, they have been reinvesting most of their profits back for R&D and business expansion which for me, is important for Baidu to leave their mark strongly and remain competitive globally.
- Recent earnings showed that they missed Revenue slightly but it's higher than previous Revenue results; EPS has beaten estimates most of the time as well
- However, Baidu has high reliance on the Chinese market and makes them vulnerable to economic downturns or regulatory matters which is the current situation for them now
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NASDAQ:BIDU is a long-term hold for me and considering it's value has dropped, it could be a value play at 9x forward earnings.
I have previously got my first entry into it early August. Prices is still pretty much at the same levels. I will still look to add on more in the Target Zone area and hold onto it for now
Will revisit it again later on but it's still allocation period for me.
If price breaks below 70 then, I may reconsider re-shifting my target buy levels
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$GCT BTO to be a beautiful $30 Strike 9/24 Options @.15 PremiumNASDAQ:GCT With strong fundamentals we know the price distributed to the lowest prices in over a year. It is now cognizable to construe this as a false bear pattern which has quickly evened out into a butting bull play, especially for a very cheap option with possible, exploding volatility which can be on the rise any day.
Look at supply / demand zones, support and resistance zones and the price movements that bring to light the emphatic connection you have with the stock market.
I expect my $30 option to be exercised by about August 29th wherefore, I think it will accomplish its alarming intent. Because, this is the first video I've done on #Tradingview. Moved out of whim, and caprice, I had to furnish my thoughts to make them manifest and foster right in front of me. :D
GBPJPY 1H Finally Going to Jump?
Strategy Explanation
GBPJPY has been consolidating for almost 2 weeks on 1H chart, plenty of traps have been set within this range, thus a lot of liquidity has been generated presumably. The question is: In the coming week, will GBPJPY finally break out the resistance level and activate all potential BUY limit orders to push the price up towards target zones further above (seen on the chart)?
I think it is very likely that the current 1H purple demand zone is where the market will jump from, so a pretty simple BUY limit order can be set up around this zone(see the LONG Position widget):
Entry: 191.638
Stop Loss: 191.030
Take Profit: 194.703 (potential 4H Supply Zone from 194.703 to 197.578)
Risk Reward Ratio: 5.0
Cautions
If the red "Caution level" at 190.900 is reached first, then the consolidation period of GBPJPY probably will be continuing and new market analysis will be made.
I don't recommend risk too much on this trade since no upward confirmation signals has formed yet, but it is still a trade worth taking concerning the RRR is around 5. Higher quality BUY opportunities can be found after the 1H resistance level has been truly broken, if you don't feel safe on the current one. Remember: Trading is a game of probability and Risk Management is the key.
AUDNZD potential increase following the channelAUDNZD has recently pulled back to a support area following a strong bullish impulse. Despite the price breaking and closing below the previous range, a bullish divergence is beginning to appear as it approaches the support level. This price action suggests a complex pullback, hinting that the bearish momentum may be losing steam. The market might consolidate around this area before potentially bouncing off the support, as it hovers near a key psychological level. The expectation is for a move toward the resistance zone around 1.1000
GC GOLD Buy BOXBeen a while since posting my thoughts here, I have been working on something that is GOLD. Supply and Demand can often be overlooked. Trading can often be over complicated. Back up and study the basics. Supply and demand characteristics of the market are the most rudimentary but often the best way to creaete a system that brings forth consistent gains. How many traders are actually profitable. Find a system that works for you it could start with a simple supply and demand type strategy.
Here we have price reacted perfectly off of the supply zone, (Yes I took that short position from the top and have the screen shot to prove it just ask if you want to see it). Now will we enter a demand zone and reverse. My plan is to simply wait, I took my profits and now I just wait until my alerts are hit and my criteria is met to go the other direction.
What will you do? Leave it in the comments I am happy to be back posting and look forward to more!
Ethereum - Bearish M-Pattern, DEMAND Zone ApproachingETH is still correcting after the bearish chart pattern (M-Pattern) formed.
The next major demand zone is identified two ways:
✅- Connected with the longstanding diagonal trendline, which acts as a support
✅- Bounce zone for previous major candle wick
✅- Previous resistance, then support, now about to be retested as support
As a first stop, the lower white trendline can be used as a price range guage:
Remember that the price will remain bearish until daily candles start to close ABOVE the red trendline, in which event it will turn green.
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COINBASE:ETHUSD BINANCE:ETHUSDT
Looking bullish immediately on OXY.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
MATICUSD tested the June 2022 Historic SupportMATICUSD has reached a demand zone last tested in June 2022. The market formed a long-tailed bar on the weekly timeframe, signaling a rejection of this level and the potential for a bullish move. Additionally, it broke and closed above the accumulation zone, which is another encouraging sign. If the price stays above the 0.400 level, the market could rise to retest the resistance. There’s potential for a breakout from the channel, continuing its bullish trend. Pay attention to the August close, as the monthly chart is shaping another significant long-tailed bar. The target is the resistance at 0.500
Watching EURUSD Price Action at Demand ZonesI looking to see if there if there will be a reaction to either of these two demand zones at 1.1080 and 1.1040. We have the FOMC minutes released at 19:00 BST (later today) and on Thursday and Friday we will have Jackson Hole symposium. I'm not looking to trade until I see a bounce of either of these zones by way of a confirmation candle.
30% Rise Incoming#Cardano has held price above the major VAL and weekly level for a few days. I'm expecting higher prices. The POC 30% away is the target.
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$DIS | Allocation | Market Exec |Technical Confluences:
- Price action has bounced off the Demand Zone and a Short-Term Trendline
- Price action seems to be strongly supported at these levels for now
- Few Interest Zones above the current price action and will need to see a proper break above that to go above the 100% Fibo Extension
Fundamental Confluences:
- Disney has a strong moat in the entertainment industry, driven by its vast portfolio of iconic brands, intellectual property (IP), and global reach.
- Earnings are recovering with growth potential in the their streaming services via Disney+ and further expansion of Disneyland parks in China
- FCF has not been good recently due to debt repayment, park expansions and streaming content investments which will target further revenue growth
- Development in it's streaming content and reinstatement of dividend announcements should be monitored
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Have allocated this into my portfolio previously and will be looking to hold this for the Long-Term at least to the 150% Fibo extension range.
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