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Demand Zone

EU HAS MORE UPSIDE LEFT? (Longs from 1.09000)My bias for EUR/USD this week aligns with a potential upside movement, mirroring Scenario (A) in my analysis of GU. While I anticipate eventual selling pressure, there's currently no clean unmitigated supply zone that catches my interest. Instead, I foresee a retracement to the 10-hour demand zone for a potential buy opportunity, aligning with the current upward trend. During this pullback, I expect price to re-accumulate within the zone, providing an opportunity for buying positions targeting either the equal highs or the imbalance above. However, my focus for this week revolves around identifying buying opportunities, considering the anticipated drop in price for future opportunities. My confluences for EU Buys are as follows: - Price has been moving bullish recently reinforcing this idea with recent break of structure. - DXY has been moving very bearish recently supporting this idea. - Clean 10hr demand zone left that has caused BOS, expect it to continue the trend. - Daily imbalance above that needs to get filled. - Lots of liquidity to the upside like equal highs and trend lines. P.S. I wouldn't be surprised if price keeps surging from my demand zone, situated at a psychological key level, and proceeds to rally up to mitigate the significant 20-hour supply zone. This is where I anticipate the next significant downturn to occur. Have a great trading week and watch out for this Tuesday's & Thursday's news events!
Long
by Hassan_fx
5
🌟📉 Exciting Update on USDCAD's Ranging Market! 📊💼As mentioned earlier, let's dive into the latest developments regarding USDCAD's market dynamics. Get ready for insightful updates and potential trading opportunities. 🚀📈 📉 Downward Trend Forecast: Our analysis suggests that USDCAD is poised to transition into a downtrend. Why? Because we anticipate further downward movement in the DXY (Dollar Index), which could influence the direction of USDCAD. Stay tuned for potential bearish opportunities! 👇📉💰 ⚠️ Managing Sell Orders: If you have active Sell orders through your EA, it's advisable to consider adjusting your strategy. Specifically, you may want to halt new sell orders when USDCAD experiences a rebound from the demand zone (1.3456), as illustrated. This adjustment can help you navigate the evolving market conditions effectively. ⚙️📉💡 🔄 Next Up: AUDJPY Ranging Market: Looking ahead to next week, we shift our focus to a new ranging market opportunity—AUDJPY. Stay tuned for our next post, where we'll provide valuable insights and analysis on this currency pair. Get ready for another exciting trading prospect! 📆🔍🌍 Embrace the updates, adapt your strategies accordingly, and seize the potential within USDCAD's ranging market. Don't forget to join us for the upcoming post on AUDJPY, where we'll uncover more trading possibilities. Let's make the most of these opportunities and aim for profitable trades! 💪💼💹 #USDCAD #RangingMarketUpdate #DownwardTrendForecast #AUDJPYNextWeek #TradingOpportunities 📈🔍💱
by ICT_Trader_SB
EUR/USD Longs from 1.08200 or 1.07800 back upMy idea for EU at the moment is for it to push higher in order to take out the trendline liquidity that sits above. I expect price to do a similar move to GU in which I expect a bit more upside left to validate this newly marked out 4 hourly demand. Then I anticipate a pullback within this demand to take out liquidity above and tap into the 12hr supply zone that I have marked out above. From there I will be expecting bullish pressure to die down and form a wyckoff distribution. Once I see my edge appear on the lower time frame I will execute sells back down to continue the overall trend. Confluences for Buys are as follows: - Price has left lots of liquidity to the upside that needs to be taken I.e. like trend lines. - Supply zone above that needs to be mitigated so still more upside left. - A 4-hour demand zone has emerged, from which we could witness a bullish response. - price has changed character and broke structure to the upside before as well. P.S. This is only a temporary trend notion until a new supply zone materialises for me to consider selling price back down. However, selling opportunities don't appear optimal due to the significant liquidity around the current price. Have a great trading week! NFP on Friday I advise to preserve capital and stay away that day.
Long
by Hassan_fx
1
GBPUSD Longs from 1.26200 back up to 1.27400I still maintain a bearish outlook on GU; however, there's significant liquidity gathering around the marked trendline above. Consequently, I anticipate this liquidity to be taken out first, creating a CHOCH to the upside. Once this transition occurs, I expect a retracement back to the newly identified 4hr demand zone. This temporary upward movement is envisioned to enable price to address the existing imbalance fully, eventually reaching the 20hr supply zone where potential selling opportunities lie. I'll be monitoring for the emergence of a Wyckoff distribution pattern within that zone, signalling the continuation of the bearish trend. Confluences for longs are as follows: - Price has swept liquidity now pushing higher with momentum. - There's a new 4 hourly demand zone that has been created. - lots of liquidity to the upside like asian highs and trendline liquidity. - For price to continue going down I see imbalance getting filled as well as the 20hr supply being respected. P.S.This is a temporary idea that I have but I wouldn't be shocked if this recently established 4hr zone is breached, potentially reaching the 10hr demand zone I've identified below. However, considering that price has now cleared out liquidity, I anticipate further upward momentum for now. Have a great trading week guys!
Long
by Hassan_fx
1
GOLD BULLISH RALLY (buys from 2040 possibly)Last week, my gold analysis unfolded precisely as expected. However, following the reaction outlined in scenario (B), news on Friday at 3 pm triggered an upward rally, clearing out considerable liquidity and potential supply zones. This further solidifies my bullish bias, and I now anticipate a retracement due to the significant imbalance left behind by the price movement. My strategy is to await a retracement to one of the marked demand zones, where I anticipate a Wyckoff accumulation to occur. Subsequently, I plan to buy back up to sustain this bullish trend. It appears that price has established an Asian high above, and the wick left from the all-time high needs to be filled. Confluences for GOLD Buys are as follows: - price changed character and broke structure the upside. - Overall trend of the market is bullish so its a pro trend idea. - Equal highs left now and there's still asian high that needs to be taken. - Imbalances left below so expect price to retrace before making another rally. - New demand zones has been left around the regions of 2040.000 for potential buys. P.S. Since there's no available supply for selling, I'll either wait for price to establish a new supply zone, from which we can temporarily initiate sells downward, or I'll look for a correction to form around the 2040 area for potential buying opportunities. Have a great trading week ahead guys and be cautious of this weeks news!
OANDA:XAUUSDLong
by Hassan_fx
1
US30 STILL VERY BULLISH (buys from 38500.0 back up)US30 continues to appear bullish to me, and I anticipate a temporary retracement to eventually mitigate the daily demand zone I've identified. Within this zone, there's also an Asian low that I expect to be taken out through a spring from a Wyckoff accumulation. Once this occurs, price would have reached the refined 10-hour demand zone, where I plan to enter buy positions, potentially leading to a new bullish rally and the creation of new highs. However, I'll be keeping an eye on NFP Friday to see its impact on the Dow Jones, which promises to be interesting! Confluences for US30 sells are as follows: - Price has formed a daily demand zone that could cause another bullish rally for us30. - Trend line liquidity forming just before the demand which I see as a trap for early buyers. - Liquidity to the upside still left and overall market trend is very bullish. - Price has broken structure the upside on the higher time frame confirming trend. P.S. Should price opt to breach the entire daily demand zone during NFP week to eliminate the liquidity beneath it, I anticipate a temporary bearish sentiment, given that it would have violated significant downside structure. HAVE A GREAT TRADING WEEK AND BE CAUTIOUS OF NFP FRIDAY!
OANDA:US30USDLong
by Hassan_fx
2
GBPUSD These are the zones I will be looking for in GU! GU has not shown me any strength to the upside lately, so as long we are respecting the supply and demand zones we can sell and buy. The week is gonna show us some potential moves based on the news from the dollar. So respect the news, check the data and the zones, and trade outside the news. News can bring both good and bad trading conditions. Remember to stay disciplined and don't try your luck instead try your edge! If you do that, the results can be rewarding!
by MANSNOTHOT1
1
GOLD Bull trainWe can see that gold seeks the buysideliqidity, which would mean some bullish pressure. I have these demand zones that would be premium buys, but we also have to consider the huge imbalance price created this past friday! Confluences for buys is! - Gold is very bullish on the higher timeframe and we have predicted it to smash some new highs in the future! - Gold recently took out the all time highs and then had a retracement that we now see has turned bullish again. - Gold nicely reacted to 4h demand zone and then turned bullish - Gold has been sweeping old highs liq
OANDA:XAUUSDLong
by MANSNOTHOT1
6
GBPJPY SHORT IDEAAfter a good movement for the GBP there was a slightly bear movement in the last days of this week. There was one new small bear canal which has been forming during the last days. As the last candle from Friday 01.03.2024 was a bear with a significant movement for JPY we could start looking for a short idea. The best variant to enter in a position will be after a successful retest of the demand zone which now we can consider as a supply one. It is not a good idea directly to enter in the short position because we do not have a confirmation if the zone is becoming supply.
Short
by kidagaka123
1
HDFCLIFE NEAR ENTRY LEVELSHDFCLIFE is currently trading near an Good Quality Hourly Demand Zone which is again close to an Weekly Demand Zone ( making the entry zone even more reliable). The Opposing / Target zones T1 and T2 (both previously tested) have been marked in the image with levels and price movement should be observed around those levels. Stop loss has not been mentioned but should be 3% from the lower level of the entry zone i.e. 562 - 3% = 545 (on closing basis in Hourly tf) Note - Please do your own analysis before taking any kind of positions
NSE:HDFCLIFELong
by Bhagesh108
MCDOWELL-N: Riding the Upward Wave! Analyzing for Potential GainHello traders, Following the positive response to last week's study on AARTIIND , let's delve into another promising stock: NSE:MCDOWELL_N (United Spirits). 📈 Uptrend Observation: MCDOWELL-N has been exhibiting a consistent upward trajectory, bouncing off demand zones and charting higher. ⚖️ Strategic Entry Points: Anticipating potential upward movements, especially as it tests the demand zone below the CMP (Current Market Price). 💹 Derivative Trading: Derivative traders, consider the 1100CE option for liquidity. Monitor spot prices and buy the premium at opportune moments. 📅 February Forecast: With heightened volatility expected in February due to budget considerations, a watchful eye on market dynamics is crucial. 🧐 Trade Caution: Remember, my analysis is a guide, not a directive. Conduct thorough research before making any trading decisions. 📌 TradingView Wisdom: As TradingView says, "Look first, then leap." 🙏 Thank You: Grateful for your support! See you in the next post. Best regards, Alpha Trading Station
NSE:UNITDSPRLong
by AlphaTradingStation
FCEL Energy Penny Stock Buy the near term Bottom LongFCEL a penny alternative energy stock is at a near-term bottom sitting at the POC line of the volume profile and a standard deviation below the intermediate-term mean VWAP about a month out from a good earnings beat. Given the current administrations unwavering support for green enerby sometimes with grants subsidies and other hand- outs I see FCEL as getting some trader attention of the good kind unlike PLUG which announced a large public offering to dilute investors. FCEL could steal some of those investors. The supertrend indicator is signaling a reversal at the confluence of the POC line with the VWAP band as mentioned. My target is the mean VWAP at 1.50 for about 35% upside with a stop loss at the recent pivot low of $1.09 making for a reward-to-risk ratio of better than 6. I see this as a swing trade with potentially 75 days in front of it given the earning report for 24Q1 is due a bit beyond that and best risk management would be to take a partial and size down going into earnings.
NASDAQ:FCELLong
by AwesomeAvani
2