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Demand Zone

USDJPY - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on MONTHLY: Left Chart USDJPY is sitting around a demand zone in blue so we will be looking for buy setups on lower timeframes. on H4: Right Chart For the bulls to take over, we need a momentum candle close above the orange neckline. Meanwhile, until the buy is activated, USDJPY can still trade lower. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
6
WBT - Approaching A Strong Demand!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart WBT is approaching a strong demand zone so we will be looking for buy setups. on H1: Right Chart WBT is forming a channel in red but it is not ready to go yet. Trigger => for the bulls to take over, we need a new major swing high to form and then a break above it and above the upper red trendline. Meanwhile, until the buy is activated, WBT can still trade lower till the daily demand zone where we will be looking for new buy setups. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
9
DXY - To Be Continued... 🎬Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. For those who know me, I always keep an eye on DXY to feel the overall market (stock, crypto, forex) As per my last analysis (attached on the chart), DXY is approaching a strong support / demand zone in blue (102 - 103.5) And we can clearly see that the bears are getting exhausted as they the bearish impulse movements are getting smaller. As per my trading style: As DXY approaches the blue zone, I will be looking for bullish reversal setups on lower timeframes (like a double bottom pattern, trendline break , and so on...) For now, we are still bearish trading inside the orange channel. For the bulls to take over, we need a break above the last high in orange and the upper orange trendline. Meanwhile, DXY can still trade lower inside the blue support before forming a new swing high and break it upward. In brief, wait for a break above a major high AND upper orange trendline for the bulls to take over. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:DXY
by TheSignalyst
4
NWC - Wait For The Correction!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NWC is overall bearish trading inside the red channel. However, it is now approaching a strong demand zone in green and the lower trendline in red so we will be looking for buy setups. For the bulls to take over, and start a correction, we need a break above the gray zone. Meanwhile, until the buy is activated, NWC would be overall bearish and can still trade lower inside the green demand zone where we will be looking for new buy setups. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
9
Nifty 50 Support & Resistance Levels for Friday (10/12/2022)Here are the levels for NSE:NIFTY . One can trade with these support and resistance levels. These levels are for intraday trading only and valid only for one day. This does not mean that I'm telling traders to buy on support and sell on resistance; this simply means you can trade on your own setups, and these levels are just for convenience and might help you in the trade. If you like these levels, you can boost me, tell me about it below in the comments section, and share it with other traders as well. Follow for more. Thanks!
NSE:NIFTY
by Pranjal147
1
Volatility Rally | Major Demand ZoneThe Volatility Index (VIX) has been in a historical downtrend the past weeks / 2 months! VIX has also been moving abnormal in relation to the S&P 500 Index which it tracks Volatility in. The Volatility Index has sunk to a major demand zone, and is now breaking back out of the area. After hitting Lows of around $19 the VIX is breaking out upwards. We are seeing a dump in the markets from major S&P Bear Market Trendline as well. Bears are stepping in at these levels in the markets, and the volatility index is rising, signaling further downward movement coming in the market. Simply put, the Volatility index is breaking out from its Major Demand Zone, and generally if history repeats will rally up to the supply zone up around the $30 level. This has been a typical swing move in the index since the beginning of 2022. Reasons VIX looks bullish : - TTM Squeeze (Daily & Weekly) - Reclaimed Daily EMA Cloud - Market Rejecting Major Trendline (S&P) - Cup & Handle on VIX (1hr / 1D) - Double Bottom - Market Greed - CPI & FOMC coming up How to play : $UVIX commons $VIX option calls etc. There are multiple reasons Volatility is rising currently, and Technicals back this thesis up strongly. I hope you liked the though!
TVC:VIXLong
by ZachSap
SP500 Correction Alert: Supply&Demand, Ichimoku & Trend AnalysisHello friends, SP500 is going to experience a rough patch in 1H timeframe. as shown in the chart, two long term and short term upward trend lines are broken . also from an Ichimoku point of view, conversion and baseline have crossed downward with a red Kumo cloud switch and the price is below the kumo cloud. this is one the most powerful Ichimoku signals. so its probably very wise to close all speculative long positions if you have any, meanwhile I suggest opening a short position with stop loss at: 4020, and take profit at 3730 which is the next demand zone and is marked by an order block . this short position has the risk to reward ratio of 2.6 . Please manage your risk responsibly and make informed decisions. Good luck!
SP:SPXShort
by Shamshiri_Investments
GBPUSD Short opportunityAs usual, GBPUSD is doing a lot of flick-flacks and spikes before changing direction. However, ignoring these short-term noises, the image is pretty clear with the pair facing a strong resistance level and nothing to support further rise from a fundamental point of view. That being said, in my opinion, GBPUSD will reverse soon and fall to at least 1.2 zone, so rallies should be sold. 1.23 zone should cap gains very well and yesterday's high could offer a good place for stop loss
Short
by Byecity
Ethereum 3D Elliot waves with demand zone analysis hello friends, as you can see on the chart, we have a solid downward 5-waves movement and since the wave 4 of the Elliot waves theory is already completed, we should wait for the 5th wave to mature to find the bottom. I believe the market will continue its downward 5th wave and the best demand zone for the wave completion will be 550-640 order block . so if you want to invest in Ethereum the best support zone is yet to come and if you be patient enough you will get to buy it on very attractive prices. Setting orders on the mention order block (550-640 USDT) with a stop loss of 490 to prevent from being stopped out on sudden market movements is a proper investment strategy for Ethereum. Please manage your risk responsibly and make informed decisions. good luck!
by Shamshiri_Investments
🔴 DOT - Are You Patient?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DOT has been overall bearish for a while and it is now approaching a strong weekly support and round number 5.0 in green. DOT is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing. For the bulls to take over from a long-term perspective , we need a break above the channel and last major high in gray. Meanwhile, until the buy is activated, DOT would be overall bearish and can still trade lower inside the 4.0 - 5.0 support. In this case, as price approaches the support again, we will be looking for short-term buy setups. From a short-term perspective , for the bulls to take over, we need a break above the previous minor resistance in orange. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
18