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Swing key levels for USDCAD 10/04/2019The key levels that marked on the chart are the next fresh supply and demand for now, each one of those levels seems to hold unfilled orders, and each one of them is a great level for Position on the first touch, I'll buy if the price hit the demand below, and sell if the price hit the supply above, that's the meaning of "buy low and sell high", for both position the target Will be the opposite level, the target for the buy position will be the supply above and vise verse,
by the5erstrading
Will USDJPY Continue The Bullish MomentumUsually, when the price is in bullish momentum, the only thing that can stop this momentum is a strong supply level with a massive amount of unfilled orders, on a daily chart on USDJPY, we can see that the next fresh supply is only at 113.00 zones, therefore, I believe that in the long terms the price tends to reach there and for that reason I’ll look for a Continuation level to join this momentum, the demand below seems like a great demand for buy position as a continuation trade, it is also 0.382 Fibonacci level, the combination of These two reasons creates a great opportunity for buy position, I’ll at 0.382 Fibonacci level, and my final target will be 113.00 zones,
Long
by the5erstrading
The SPX500 Price Is Between Two Quasimodo Levels 24/03/19 For the long terms, we can see that the Spx500 index is bearish, we can see that clearly on a weekly chart, the last drop from Friday is a reaction to the Weekly Quasimodo level that I mention in my post from the 14/03/19 on SPX500, For those who didn't sell at the first touch of the price in that weekly level, the price might give another chance after creates new fresh supply which looks like another Quasimodo level in the lower time frame (15 minutes), If the price will retrace to that supply above, I'll sell there as a long term position, my stop loss will be just above that supply level, and my target for this sell Position will be 2400.00 zones, the demand below can be a great level of buy position but as an intraday position, For this upcoming week, there are no high impact events or news for the USD so I feel on the safe side by using only tech analysis.
SP:SPXShort
by the5erstrading
Great Demand Level For Continuation Trade On EURUSD 21/03/19After the struggle between the buyers and sellers, we can see the price jump away fast and strong, it indicates that there was a huge difference between the buy order and sell orders, much more buy orders at this level, That situation creates the demand below, it means there Are more unfilled orders waiting for the price at this demand, I'll wait to see if the price will get back to this demand, and if so, I'll buy there on the first touch, my target will be 1.1550 zones.
Long
by the5erstrading
A Possibility Of Head And Shoulders Pattern On DAX 20/03/2019In 15 minutes chart on the DAX index, we can see a possibility of Head & Shoulders pattern to be created, if the price won't break out the neckline which is Where the price now, and start to move up toward the supply above I'll sell at this supply, I'll sell there particularly because it's a supply with sell orders Waiting there, but also because it can complete the right shoulder of the Head & Shoulders pattern, BTW- if the price will break out the supply above I'll sell again at the supply at the top.
TVC:DEU40Short
by the5erstrading
Long Terms Key Levels For BTCUSD 18/03/19The BTCUSD price is just about to reach the resistance zone above, the question is, did the price will succeed to breakout this resistance? or maybe this Resistance will still hold and will send the price back down? if the price will break out the resistance, it indicates the price tends to reach the supply above And maybe even the supply at the top, in case the price will break the resistance, I'll look for price action setup for buy position, my first target will be the Supply above, and final target will be the supply at the top which is also a great supply for sell position, if the price won't break the resistance and reach the Demand below, I'll buy there,
BITFINEX:BTCUSD
by the5erstrading
Quasimodo Level On 4H Chart In GBPCAD 22/01/2019The supply level above us is also Quasimodo level, Quasimodo consider as a very reliable pattern, usually, Quasimodo level creates a great Risk Reward ratio, the supply above has Broke out the last low of the bullish momentum that was before, the price did it in a very sharp and fast drop and in one movement which creates the Quasimodo level, I'll wait for the Price to reach that supply, and I'll sell there on the first touch and my long term target will be 1.6000 zones.
Short
by the5erstrading
2
USOIL Key Levels For Swing Forex Traders 20/01/2019For the swing traders among us, I marked the next confirmation zone for USOIL which I'm waiting for the price to breakout. the first is the support zone below, if the price will break out this Support it indicates the price tends to reach the demand below, therefore, if that happens I'll look for price action setup for sell position, and my target will be the demand at the Bottom, the second scenario is if the price will break out the resistance above, if that happens it indicates the price tends to reach the supply at the top, therefore I'll look for price Action setup for buy position, and my target will be the supply at the top.
FX:USOIL
by the5erstrading
61.8 Fibonacci With Supply Level On SPX500 Index 14/01/2019The SPX500 Index has suffered like all the other indices and markets from what looks like massive sell orders which cause the price to drop down, and now it seems the price has a Technical retracement, I measured the last downtrend on a daily chart with Fibonacci and find out that 61.8 level is a great one for continuation sell position, it's 61.8 Fibonacci level, But it's also a great supply level for sell position, I believe that the last low at 2350.00 zones is not the final destination for this bearish momentum and the price tends to reach 2150.00 zones, therefore I'll sell at the supply above and my target will be 2150.00 zones.
SP:SPXShort
by the5erstrading