Demand Zone
CSPRUSDT | MT Long H4 | Casper NetworkPair: HTX:CSPRUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on H4 time-frame
- Price action is close to bottom of a Parallel Channel
- Price is entering a Demand Zone (Yellow area @ Current rice)
- Aiming for the next two Supply Zones (TP 1 @ Blue Horizontal Line & TP 2 just before Supply Zone)
Fundamental Confluences for Trade:
- Nothing much to talk about Crpyto fundamentals, too many tokens to look at and just look at it as a trading pair with liquidity
Suggested Trade:
Entry @ Area of Interest 0.02700 - 0.03230
SL @ 0.0246
TP 1 @ 0.0389 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.0453
Risk-to-Reward @ Approx. 2.51 (Depending on Entry Level)
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DXY (dollar index)The dollar index broke the consolidation zone of the 106.200-105.500 range. the market broke out to a downside level and now tested its 105.500 level of support that's become resistance. If the market rejects this level then more downward to 104.800 which is the support and demand area.
XAU/USD (GOLD) bullish rally from 2300 or 2280Gold remains bullish for me, but the recent slowdown in momentum suggests a potential upcoming drop. We are currently in a 6-hour supply zone with multiple reactions already, and we might see another one after a liquidity sweep at 2420.
My main focus for gold is to observe a drop to form a new supply zone or witness a reaction from a marked-out demand zone on the 2-hour or 10-hour timeframe. Following this, I'll start looking for buying opportunities again, noting significant liquidity via Asia lows.
Confluences for GOLD Buys are as follows:
- Price is still in a bullish trend on the higher time frame and continued BOS has been present.
- Demand zones have been left that have caused the BOSs as well. like the 2hr and 10hr.
- Liquidity to the upside still left as well in the form of Asian highs.
- For price to continue in the bullish trend it needs to retrace and form another rally.
- Dollar also approaching a very good supply so if expected to drop gold could rise further.
P.S. If price breaks any of the key demand points of interest (POIs), I will watch for a Change of Character (CHOCH) to the downside, signaling a continuation of the new downward trend.
Have a great trading week!
EUR/USD imminent Longs up towards 1.07000
This week's bias closely resembles that of GU, where I'm seeking buying opportunities towards a subsequent selling position. With price melting down and breaking structure to the downside, it has created numerous imbalances that need filling, prompting this bullish outlook.
I'll be patient, waiting for the accumulation phase to complete along with a confirmation of change of character (CHOCH) to enter buy positions aiming for the newly established 10-hour supply zone. Subsequently, I'll look to initiate sells to continue the bearish trend downward.
Confluences for EU Buys are as follows:
- Price left so many imbalances above that need to be filled.
- In order for price to continue the bearish trend price must pull back up.
- Price is currently inside a 18-hour demand zone with a good initial reaction.
- DXY is also near a good supply zone so could expect the dollar to drop a bit this week.
P.S. Given the Asian low within my zone, I wouldn't be surprised if price dips further to test a deeper demand area below. Nonetheless, these long positions are merely a temporary move to realign with the prevailing bearish trend.
Have a great trading week guys!
GBPUSD Longs from 1.24000 up towards 1.25500This week, my bias for GBPUSD is to pursue buying opportunities to address significant imbalances above and to target the recent supply zone. Given the proximity of price to my 10-hour demand zone, I anticipate a temporary bullish move toward the supply area. With price currently exhibiting slower movement, I'll wait for an accumulation phase to develop before entering buy positions.
Once in buys, I aim to drive price up toward the 18-hour supply zone, where I'll consider selling positions to capitalize on the pronounced bearish trend. While the trend is strongly bearish at present, I expect a pullback to occur before initiating any actions in line with this strategy.
Confluences for GU Buys are as follows:
- Price left so many imbalances above that need to be filled.
- In order for price to continue the bearish trend price must pullback up
- Approaching a really nice 10hr demand that has caused a BOS to the upside.
- DXY is also near a good supply zone so could expect the dollar to drop a bit this week.
P.S. If price breaks below the 10-hour demand zone, which I anticipate holding, there is a robust daily demand level below that. However, if this scenario does not materialize, I will simply wait for a pullback to consider potential selling opportunities.
Have a great trading week ahead guys!
GBP-USDThe gbpusd pair breaks his support level which is 1.25200. The market creates a higher low structure. Daily candle body closed below the 1.2500 level, the market gave some retracement and then downward to the 1.2200 level which is an order blocker. If there is no stop then the higher support and demand area is 1.2100.
EURCHF - Wait For It ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURCHF has been overall bullish , trading within the flat wedge pattern in blue.
Currently, EURCHF is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong demand zone $0.972.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower blue trendline.
📚 As per my trading style:
As #EURCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC/USD analysis in 4h timeframeAs we expected bitcoin made a new all time high $73000 area and collect the liquidity over the last ATH $69000.
price is in a trading range between $60000 / $74000.
New flag limits are marked on the chart.
Bitcoin is forming a wyckoff structure and if it ingulf $58000 / $61000 demnad zone it will confirm the structure.
If the WYCKOFF structure is confirmed, price my fall down to $52000 Demand zone.
Otherwise if it gives us a bullish signal on $61000 Demand zone it will be a good investment too buy some #BITCOIN .
Americas Car Mart Testing Multi-Year Demand Zone (Buy Zone)Hi guys!
This is a MACRO Analysis on AMericas Car Mart (CRMT). Macro meaning larger timeframe aka the 2 week in this instance.
Macro moves tend to speak louder than smaller timeframes like the 1 day for example when they start to move in price.
I believe CRMT has come to an important area and poses a great trade setup in my opinion.
If we look to Price action.
Notice 2 Support trendlines outlined. These are MULTI Year Support zones.
When price reached the trendlines, we ended up bouncing UP.
Notice our current price indicated by Orange box.
Our 2 support trendlines have converged. When 2 support trendlines meet it strengthens the Support.
Also notice the 21 EMA (Purple moving average) -> We have been below this since Septemberish of 2023. Moves below 21 EMA especially on the 2 week pose for good Buy zones as well.
So the combination of converging Support lines and being below 21 EMA = Good area to take positions
Now notice the 2 indicators ive included. These are momentum indicators.
STOCH RSI has crossed BULLISH. (where blue line moves above orange line)
Momentum can pick up and start a move up once this crosses ABOVE the 20 lvl.
MACD is currently below the 0 lvl. With the histogram bars changing from dark red to light red. This indicates a waning of bearish momentum. It is also attempting to create a higher low. All good signs. Look for a Bullish cross and green bars to show up. That will help drive prices up.
A cross ABOVE 0 lvl would bring about massive moves up.
Continue to monitor the indicators and price to stay above the Support zone indicated.
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DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
$BTCUSDT in a bearish patternCRYPTOCAP:BTC has a strong bearish resistance line just above. We should get another rejection off the line and then downward movement. This movement should be halted around top of demand zone (65600) with ultimate support @ 65300. Will be a solid play to enter long from this price point.
XAUUSD Again Buy now !!!!!Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
GBP/USD short term longs to shorts 1.26000 back up to 1.27200I am currently holding a bearish view on GU, and I'm patiently waiting for a deeper pullback toward the primary supply zone. However, there's a nearby 1hr demand zone where we might witness a bullish reaction. If this zone fails, which is possible given the ample liquidity below, there's also a deeper demand zone just beneath it. We need to wait patiently to see how price behaves.
If price continues to rise, reaching the Asian high and trend line, it would strengthen my bearish bias and provide additional confluence for potential sells. Conversely, if price declines further, I'll be on the lookout for Wyckoff accumulation to unfold in either of the demand zones.
Confluences for GU short term buys are as follows:
- Price left lots of liquidity to the upside as well as an asian high that needs to get taken
- There is two 1hr demand zones that could initiate the expected pullback yet to come.
- For my sell bias to come into play, price must rally up which hasn't happened yet.
- Imbalances are left above that need to get filled.
P.S. If price continues to decline, I'll wait for a new supply zone to form and then consider selling from that point. Ultimately, the majority of liquidity remains situated below, influencing this decision.
US30 Bulls still holding strong (buys potentially from 39400.0)US30 remains in a strong bullish stance, and I'm still on the lookout for long opportunities. Last week, we witnessed a retracement in price to fill the previous imbalance, although some imbalances remain. This was adequate for initiating a new rally, as we're currently observing.
Now, I anticipate two possibilities: either price will break past the newly formed high, or it will retrace to address a significant demand level. In the event of a retracement to the demand level, I'll wait for lower timeframe confirmation before preparing long setups, targeting either new highs or significant liquidity points.
Confluences for US30 Buys are as follows:
- Price broke structure to the upside once again.
- Lower and higher time frame remains extremely bullish.
- Clean nearby demand zone on the 18hr or 21hr.
- New high is close by which is a strong level of liquidity tat is lying there.
- After this imminent retracement we can expect a new rally.
P.S. I strongly favor the bullish trend due to several recent breaks of new highs. Additionally, there are several demand zones that have yet to be mitigated. However, given the impulsive nature of price movements, I wouldn't be surprised if we witness further upward momentum, potentially breaking the high once again.
Have a great trading week guys!
XAU/USD Longs back up towards 2185.000 or 2200.000Gold continues to exhibit bullish behavior this week, building on the momentum from last week's significant news event that propelled it to new all-time highs. With price maintaining its bullish stance, this aligns with the broader long-term bullish outlook for gold.
Buy positions have already been initiated, with an eye on the price reaching the 2185 level. At this point, we anticipate a potential retracement or a further upward move to address the imbalance above and potentially touch 2200, where a stronger supply level awaits. However, considering the presence of an Asian high above, there's a possibility of that 4hr failing. Nonetheless, I'll be awaiting confirmation on lower timeframes before taking action.
Confluences for Gold Buys are as follows:
- Price has taken ATHs and has also take break structure to the upside.
- Price has been very bullish in terms of the candle stick anatomy.
- Price has reacted off a strong demand zone that has caused this initial rally to take place.
- Wyckoff distribution has occurred on lower time frame as well.
- Imbalances and asian highs above that need to get taken.
P.S. As price dynamics shift to the downside, the current movement might be temporary. Sellers could gain favor, leading to a potential drop to lower levels.
Have a great trading week guys!
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing selling opportunity in GOLD as it undergoes a critical retest of a key support area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
USD CADMy analysis on USD CAD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: long trades 0-15, in short trades 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
Now what?Seems like 3.5 is a string demand area that pushes the price very hard to the upside. The last time was in Jan 2020. I don't think is going to explode above 30 but the next resistance is at 10. This is a high volatile stock, I bought calls exp 04/19 strike 5.5. If this breaks out will be massive.