Price Action Key Levels For XAUUSD 09/01/2019As a price action forex trader, I trade only at supply or demand levels, those levels also function as a final target for my positions, in the picture I attached we can see the support zone Below, if the price will breakout this support it indicates the price tends to reach the demand below and maybe the demand at the bottom, if the price will break the support, I'll look For price action setup for sell position, I'll usually look for a new fresh supply that broke the support, and if I'll find what I look for, I'll sell there, my first target will be the demand Below, and the final target will the demand at the bottom which is also a great demand for buy position.
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Gold short on Slope Rider and bounce off pivot R1the Slope Rider by Savius has been signalling divergence all morning for short entries.
Price has moved above yesterday's POC at 1254 and hit R1 at 1257.5
I don't believe it has the strength to break above daily MA 208 at 1260.
I enter my short order with the protection of this strong resistances.
watch out for stop hunters!
target is pivot S1...obviously I'll close the trade earlier depending on how the day goes.
check out my website for more info on Savius Slope Rider and how I'm earning a funded account with Earn2trade following my Trading Plan.
S&P500 short on Savius Slope rider strategythe slope rider signal has fired on the 15' chart.
today markets are stuck in a range due to all the news that came out in the past days.
Keep Stop Loss above last high in price at 2720 (ESZ8 price, not SPX500).
Take partial profit at 2702: very high volumes here yesterday.
Target 2686: the last unmet Point Of Control from 28th of Nov.
Head & Shoulders 4H Chart USDCAD 03/12/2018As we can see on the 4H chart, there is a potential that the price will create a Head & Shoulders pattern, If my prediction that I marked on the chart will come true, we will see the Head & Shoulders pattern up there, the reason I'll sell at the supply above is not the pattern, I'll sell at this supply because it's a level with unfilled orders waiting there for the price To come back, Also, this supply has changed the bullish momentum to bearish, this supply created after this week starts with a GAP at the price, I'll sell high and buy low, meaning, I'll sell at the supply and my target will be the demand below.
S&P500 short on Slope Rider signalsS&P500 on the hourly chart has fired the Slope Rider signals for divergence and short entry.
It's moving slowly and unconvincingly today but I think it will just keep moving lower, perhaps all the way to 2700.
There aren't big volume levels below here, so once the US session starts pushing it down it may retrace to the bottom of yesterday's (news fuelled) gains.
Combination of Fibonacci And Price Action EURJPY 29/11/2018This kind of setup is my favorite one, a great new fresh demand below us, which is also 61.8 Fibonacci level of the recent uptrend, the combine of this two make me feel more secure About this opportunity, I'll buy at the demand below, my first target will be the last high, and for those who want to take it further, 130.00 is the final target, I'll consider this position As a daytrade opportunity with a possibility to continue as swing position.
Swing Supply&Demand For USDCHF 28/11/2018As a swing trader in the forex market, I always prefer to mark the key levels supply&demand before and be ready with a limit orders, the supply above us, is a changing momentum one, this supply start the bearish momentum, I'll wait for the price at this supply to sell, for now, the price struggling to move up, and as long as the price will keep struggling it Indicates the buyers have no power in this uptrend, and it's safer to sell at the supply above, my first target will be the support below, and the final target is the demand at the bottom Which is also a great level for buy position.
Analysis By Price Action For CADCHF 28/11/18CADCHF – the CADCHF is on bearish momentum at the moment, and seems he will stay bearish until the price reaches the demand below, the supply above us seems like a great Continuation level for sell position, i’ll wait for the price to sell there and my target will be the demand below which is also a good level for buy position,
GOLD Long ONLY if breaks above Pivot PGold is signalling a strong divergence in 3h 1h and 15' chart.
But the bearish trend from yesterday was too strong to ignore.
Price is bouncing off Daily MA 52 and 104.
I will enter a long order when price breaks above and close a candle above Pivot P.
Target to R1.
Stop will depend on chart, below previous low should do.
Day Trade Opportunity With Fibonacci Series Analysis For USDJPY As we can see for the short terms, USDJPY is bullish, therefore I'll prefer to look for buy position and join the bullish momentum, I took the recent bullish wave, and use the Fibonacci Series to decide where is the best price to buy, at the moment we can see the retracement of the price, and the 50% Fibonacci level looks like a great level of buy position, as a technic Analysis forex trader I always prefer to look for more indications at the price, in that case, the 50% level is also a fresh demand level, therefore, if the price will keep move down to the 50% Fibonacci level, I'll buy there, and my target will be the 100% Fibonacci level.
Supply Level For Continuing The Bearish Momentum, EURUSD 26/11EURUSD 0.33% – As we can see, the EURUSD 0.33% created a great new supply on Friday, this supply is fresh and seems to hold unfiled orders, if the price will back to this supply before Creating A new low, I’ll sell there as a continuation trade, my target will be the support zone below. for those who want to take it further, the next target is 1.0950.
Supply Level For Continuing The Bearish Momentum, EURUSD 26/11EURUSD – As we can see, the EURUSD created a great new supply on Friday, this supply is fresh and seems to hold unfiled orders, if the price will back to this supply before Creating A new low, I’ll sell there as a continuation trade, my target will be the support zone below. for those who want to take it further, the next target is 1.0950.
Swing Price Action Analysis For SPX500 25/11/2018S&P 500 - The supply level above is the same supply i marked and mentioned in my last post on S&P 500, this supply is still relevant and if the price will return to that supply I'll Sell There, but for now, there is more chance the price will break the support that holds the price now, if that happens, I'll look for a new supply or other price action setup of sell position, My target, in that case, will be the demand below, if the price will start to rise up again, I'll sell at the supply above.
Long Terms Supply&Demand For USDCAD 22/11/2018As we can see, the momentum for USDCAD is bullish, I marked the demand below as a great continuation level for buy position, if the price will hit that demand I'll buy there, my long Terms target will be 1.3600 zones, another scenario that I would like to mention is if the price will break that demand and keep falling down, in that case, the momentum will change to Bearish momentum, and it indicates that the price most likely on his way to reach the demand at the bottom, if that happens, I'll look for price action setup for sell position and the Demand at the bottom will be my target.
GOLD short on Slope RiderGold seems to be holding at the top of the Regression Band
Slope rider has signalled 3 candles for diversion already.
1226 is a strong volume level that may be holding, my stop loss is above that.
Stop Loss is a tight 10 ticks.
Target is at S1 for a very high reward.
tomorrow is Thanksgiving in the US so price may just not be moving anymore...who knows...
don't take high risks today!
S&P500 short on Slope Rider and PivotsI think S&P500 is trying to push towards a resistance level at 2657, a high volume from yesterday and Pivot P for today.
I've got my Sell Limit order up there.
Keeping a tight stop loss at 10 ticks, market may be slowing down drastically today, tomorrow is Thanksgiving Day in US and Friday markets will close early.
Target recent bottom of 2640.
Prices are from ESZ8, december contract.
see on my blog how my participation in The Gauntlet is going
Long Term Price Action Analysis For USOIL 20/11/2018For the long terms, as we can see on the daily chart, the USOIL is in a strong bearish momentum, I marked the next fresh supply&demand as a critical key level to look for a position, Above us there is a great supply level which can be a continuation of sell position, if the price will return that level I'll sell there, my first target will be the demand below, and the Final target is the demand at the bottom. as a price action forex trader, I trade only with limit orders.
Waiting For Breakout Price Action On GBPJPY 19/11/2018As a price action forex trader, I'll wait for the price to break the resistance zone I marked on the chart, if the price will break the resistance zone it indicates the price on his way to Reach the next critical level which is the supply above, I won't buy immediately at the breakout, but I'll look for a good price action setup of buy position, my target will be the supply Above, and I'll consider this trade as an intraday position.
Fresh Demand Level On Gold 19/11/2018XAUUSD (GOLD) – The GOLD has created a new fresh demand recently, As we can see on the chart from the left, there is no reason for the price to stop until he will reach the Resistance above, if the price will return to check the demand below, I’ll buy there, in case the price will break that demand, I’ll wait for a new buy position at the demand at the bottom. in both cases, my target will be the resistance above.
GOLD Long idea on Pivot Strategy and Savius Slope Rider signalI'm expecting Gold to break above the Pivot P and go upwards to R1.
Why? Savius Slope Rider has fired the buy signal, price is just getting out of the buy volume area and bouncing off the Regression Channel, and it's above the MA Hull, which is great!
(the screenshot with all these indicators can be found on my website)
I am not entering the order until price breaks above P, and retraces to it: this way I will enter the price with a confirmation (a standard Ross Hook), and keep Pivot as support and protection for my order (which works and is also very useful psychologically), it may take a while before Gold decides to make its move, so I don't want to be stopped out; or it may just as well change tend and go bearish.
remember: we are not foreseeing what the market will do, we are reacting to price movement and managing risk!
Target is top of Regression Channel, or R1: 1228, depends on how strong the trend is. Also previous POC is at 1229.
Continuation demand For Buy Position EURUSD 18/11/2018EURUSD - The new fresh demand that I marked below succeed to broke the supply from the 12/11, for now, it seems the price on his way to reach the resistance above, the demand Below is a great continuation level for buy position, I'll wait for the price to buy there and my target will be the resistance above.
Great Opportunity For Intraday Position On NZDUSD 16/11/2018As it seems now, the NZDUSD pair just broke a critical support which indicates the momentum changed to bearish, and the price most likely on his way to reach the demand below, For now, the best level to join this bearish momentum is the supply above us, if the price will return that supply, i'll sell there, my target will be the demand below which is a great Level of buy position for the long terms.
Swing Key Levels For USDJPY 15/11/2018For the swing forex traders, I marked the key levels to look for a position on USDJPY, yesterday the price created a new fresh supply above us that indicates the price on his way to Reach the support below, if the price will return to that supply, it can be a great opportunity for continuation sell position, I'll sell there and my target will be the support below.