Demand Zone
GBPNZD I Short term buy from demandWelcome back! Let me know your thoughts in the comments!
**GBPNZD Analysis - Listen to video!
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POSITION TRADING: EURGBP BUY LIMIT ORDER. TARGET 0.89600TRADE TYPE: BUY LIMIT
TRADE DIRECTION: LONG
TIMEFRAME: WEEKLY
ENTRY PRICE: 0.87100
STOP LOSS: 0.85000
TAKE PROFIT: 0.89600
RISK TO REWARD: 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.
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
POSITION TRADING: USDCAD SELL LIMIT ORDER. TARGET 1.30200TRADE TYPE: SELL LIMIT
TRADE DIRECTION: SHORT
TIMEFRAME: WEEKLY
ENTRY PRICE: 1.35400
STOP LOSS: 1.40600
TAKE PROFIT: 1.30200
RISK TO REWARD: 1:1
ANALYSIS: Price broke the demand zone/ support and is likely looking to aim for upcoming demand zone/ support. stop loss ideally placed above supply zone/ swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
SWING TRADING: LONG USDJPY. TARGET 130.800TRADE TYPE: INSTANT ENTRY
TRADE DIRECTION: LONG
TIMEFRAME: 4H
ENTRY PRICE: 129.400
STOP LOSS: 128.000
TAKE PROFIT: 130.800
RISK TO REWARD: 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
SWING TRADING: SHORT USDCAD. TARGET 1.33900TRADE TYPE: INSTANT ENTRY
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 1.34650
STOP LOSS: 1.35370
TAKE PROFIT: 1.33900
RISK TO REWARD: 1:1
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
EURUSD Bullish for nowThe last post I did I said I'm bearish on eurusd. But price is showing bullish orderflow and many people are bearish so there is a lot of liquidity at the top en we are also close to a major high on the left.
I'm expecting that price will make another move up and from there we will see how price moves.
follow me to keep getting updates on eurusd multiple times per week!
EURUSD isn't turning yetAs most people are looking for eurusd to make a turn back down we keep seeing it rally up not knowing when it will stop but i have an idea of where and thats what i'm gonna share with you today,
as you can see on the chart looking at it on the daily we have equal highs wich are attracting price to that supply zone, maybe once they are out we'll be able to start taking sells again, hopefully soon to continue with a bear year for eurusd, i might make another post on macroeconomy and fundamental analisis just to explain why eurusd will be going down this year.
Outlook for EURAUD for the coming days Hey guys,
I share with you my outlook for EURAUD, on the Daily trend is pretty bullish that's why I will look for buys from the demand area
I will see how market will react and aim for all the liquidity above
This demand area is strong and followed by an Imbalance that can be filled
This can be an awesome swing trade.
AMZN LongWeekly RSI divergence
Demand Zone created 3/12/2020 -- 3/16/2020
Earning 10/27/2022 Gap and run, to demand zone.
Entry 89
Stop 80
Target 104, 130
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.