EUR_USD RISKY LONG|
✅EUR_USD fell down sharply
But a strong support level was hit at 1.1026
Thus as a rebound is already happening
A move up towards the target shall follow at 1.1045
LONG🚀
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Smartmoneyconcept
NZD_CAD BEARISH BREAKOUT|SHORT|
✅NZD_CAD made a bearish
Breakout of the key horizontal
Level of 0.8350 which is now
A resistance and as we are now
Bearish biased we will be
Expecting a further move down
SHORT🔥
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AUD-CHF Resistance Ahead! Sell!
Hello,Traders!
AUD-CHF is making a bullish
Correction and will soon
Hit a horizontal resistance
Level of 0.5681 from where
We will be expecting a
Further move down
Sell!
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GBP_NZD BEARISH BIAS|SHORT|
✅GBP_NZD price grew again to retest the resistance of 2.1356
But it is a strong key level
So I think that there is a high chance
That we will see a bearish move down
SHORT🔥
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EUR-AUD Will Go UP! Buy!
Hello,Traders!
EUR-AUD is going up and
The pair is retesting a
Horizontal support of 1.6548
From where we will be
Expecting a bullish rebound
And a further move up
Buy!
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Two positions in the 4H XAUUSDThe gold ounce is currently supported by an internal demand zone. It can have an upward movement from this area and reach the internal supply area.
From that area, we can expect the price of gold to drop to the specified range. Don't forget money management ❤️
AUD-NZD Support Ahead! Buy!
Hello,Traders!
AUD-NZD keeps going down
But the pair will soon hit a
Horizontal support level
Of 1.0731 and after the
Retest we will be expecting
A local move up
Buy!
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AUD_USD LOCAL SHORT|
✅AUD_USD went down
And broke the key horizontal
Level 0.6707 which is now a
Resistance so we are locally
Bearish biased and we will
Be expecting a local move down
SHORT🔥
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CAD_JPY POTENTIAL LONG|
✅CAD_JPY fell down sharply
But a strong support level was hit at 104.202
Thus as a rebound is already happening
A move up towards the target shall follow at 106.000
LONG🚀
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GBP-CAD Will Fall! Sell!
Hello,Traders!
GBP-CAD has retested the
Horizontal resistance of 1.7860
And we are already seeing
A local bearish reaction so
We will be expecting
A further move down
Sell!
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Medium term buy position for BTCUSDTIn this range, you can take a long position. To get confirmation and risk to better reward in the position, refer to the 1-hour timeframe
CRUDE OIL Long From Support! Buy!
Hello,Traders!
CRUDE OIL keeps falling
And Oil is locally oversold
So as it is retesting a strong
Horizontal support level of 66.74$
I will be expecting a local bullish correction
Buy!
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GOLD WILL GO UP|LONG|
✅GOLD went down from
The resistance of 2530$
But we are bullish biased
So after the retest of the
Horizontal support of 2480$
We will be expecting a
Further move up
LONG🚀
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A medium-term buy position for XAUUSDIf the ounce of gold enters its correction phase, consider this long position. The interest rate cut by the Federal Reserve in September could push the price of ounces higher, so we don't expect further correction for now
GBP_CHF WILL GO DOWN|SHORT|
✅GBP_CHF is going down
Now and we are seeing a
Bearish breakout so we are
Bearish biased now and we
Will be expecting a further
Bearish move down
SHORT🔥
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CAD-JPY Risky Long! Buy!
Hello,Traders!
CAD-JPY keeps falling down
But the pair will soon hit
A horizontal support
Of 104.210 from where
A local bullish rebound
Is to be expected
Buy!
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3 medium-term scenarios for XAUUSDThis scenario is based on the theory of smart money.
The second scenario is more likely than others.
USD-CAD Resistance Ahead! Sell!
Hello,Traders!
USD-CAD went up sharply
But will soon hit a horizontal
Resistance of 1.3606 from
Where a local bearish correction
Is to be expected
Sell!
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USD_JPY SUPPORT AHEAD|LONG|
✅USD_JPY will soon retest a key support level of 140.280
So I think that the pair will make a rebound
And go up to retest the supply level above at 143.256
LONG🚀
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GOLD Will Keep Growing! Buy!
Hello,Traders!
GOLD went down from
The horizontal resistance
Of 2531$ just as I predicted
But then the price hit a
Horizontal support of 2483$
And we are already seeing
A bullish reaction so as we
Are bullish biased we will
Be expecting a further
Bullish move up
Buy!
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Learn 7 Types of Liquidity Zones in Trading
In the today's article, we will discuss 7 main types of liquidity zones every trader must know.
Just a quick reminder that a liquidity zone is a specific area on a price chart where a huge amount of trading orders concentrate.
Read carefully, because your ability to recognize and distinguish them is essential for profitable trading.
1. Fibonacci Zones
The zones based on Fibonacci levels can concentrate the market liquidity.
Classic Fibonacci retracement levels: 0,382; 0,5; 0,618; 0.786
and Fibonacci Extension levels: 1,272; 1,414; 1,618 attract market participants and the liquidity.
Above, you can see an example of a liquidity zone based on 0,618 retracement level.
The reaction of the price to that Fib.level clearly indicate the concentration of liquidity around that.
Also, there are specific areas on a price chart where Fibonacci levels of different impulse legs will match.
Such zones will be called Fibonacci confluence zones.
Fibonacci confluence zones will be more significant Fibonacci based liquidity zones.
Above, is the example of a confluence zone that is based on 0,618 and 0,5 retracement levels of 2 impulses.
The underlined area is a perfect example of a significant liquidity zone that serves as the magnet for the price.
2. Psychological Zones
Psychological zones, based on psychological price levels and round numbers , quite often concentrate the market liquidity.
Look at a psychological level on WTI Crude Oil. 80.0 level composes a significant liquidity zones that proved its significance by multiple tests and strong bullish and bearish reactions to that.
3. Volume Based Zones
The analysis of market volumes with different technical indicators can show the liquidity zones where high trading volumes concentrate.
One of such indicators is Volume Profile.
On the right side, Volume Profile indicate the concentration of trading volumes on different price levels.
Volume spikes will show us the liquidity zones.
4. Historic Zones
Historic liquidity zones will be the areas on a price chart based on historically significant price levels.
Market participants pay close attention to the price levels that were respected by the market in the past. For that reason, such levels attract the market liquidity.
Above, you can see a historically significant price level on Silver.
It will compose an important liquidity zone.
5. Trend Lined Based Zones
Quite often, historically significant falling or rising trend lines can compose the liquidity zones.
Above is the example of an important rising trend line on GBPJPY pair.
Because of its historical significance, it will attract the market liquidity.
Trend lined based liquidity zone will be also called a floating liquidity area because it moves with time.
6. Technical Indicators Based Zones
Popular technical indicators may attract the market liquidity.
For example, universally applied Moving Average can concentrate huge trading volumes.
In the example above, a floating area around a commonly applied Simple Moving Average with 50 length, acts as a significant liquidity zone on EURJPY.
7. Confluence Zones
Confluence zones are the liquidity zones based on a confluence of liquidity zones of different types.
For example, a match between historic zones, Fibonacci zones and volume based zones.
Such liquidity zones are considered to be the most significant.
Look at the underlined liquidity zone on US100 index.
It is based on a historical price action, psychological level 17000, significant volume concentration indicated by volume indicator and 618 Fibonacci retracement.
Always remember a simple rule: the more different liquidity zone types match within a single area, the more significant is the confluence zone.
Your ability to recognize the significant liquidity zones is essential for predicting the market movements and recognition of important reversal areas.
Liquidity zones are the integral element of various trading strategies. Its identification and recognition is a core stone of technical analysis.
Study that with care and learn by heart all the liquidity types that we discussed today.
❤️Please, support my work with like, thank you!❤️
GBP_CAD LOCAL SHORT|
✅GBP_CAD is going up to retest a horizontal resistance of 1.7869
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 1.7800
SHORT🔥
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AUD-USD Bearish Breakout! Sell!
Hello,Traders!
AUD-USD is going down
And the pair broke the
Key horizontal level
Of 0.6700 which is now
A resistance and the breakout
Is confirmed so we are bearish
Biased now and we will be
Expecting a further move down
Sell!
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