Supply_and_demand
USDJPY - Lack of Supply, Fueled by Hidden DemandThe USDJPY currency pair has recently experienced a significant surge in value, defying expectations based on visible supply signals. Despite the absence of apparent selling pressure, price action has broken through the last known supply area, indicating a shift in market sentiment.
Upon closer examination, it becomes evident that a previously identified demand zone has played a pivotal role in fueling the price increase. This zone, marked on the chart, represents an area where buyers have historically been active, and it has served as a catalyst for the recent rally.
Furthermore, indicators that monitor institutional activity on the market have been flashing bullish signals, suggesting that large players are accumulating USDJPY positions. This influx of institutional buying power has provided additional momentum to the upward trend.
With price action now trading above the previous supply area, the path of least resistance remains higher. Traders should be aware that the current rally may continue until a new supply zone is encountered or until the bullish momentum fades.
Alikze → GAL | Failing supply areaIn the time frame D1, it is moving in a medium-term ascending channel. Due to reaching the supply zone that is breaking, it can continue to climb after the pullback to the next supply zone. In the lower time frame with 2.64 support and in the daily time frame with 2.34 support, it will be able to reach the specified targets. In the future, if the behavior and structure of the post changes, it will be updated.
🟩Sup: 2.34 - 2.64
⛳️Tp 1:3.51
⛳️ Tp2 : 4.55
⛳️ Tp3 : 11.95
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Alikze »» MDT | Wave 3 or C bullish scenarioIn the weekly time, it is moving in an ascending channel, which after a complex correction at the bottom of the B wave channel has completed the correction, and now the current motivational wave will have the ability to reach the specified goals. Also, it is currently in the middle of the channel, which will be accessible with support of 0.12 targets. Also, a break below the trading area will be a reversal and the chart should be re-examined. If the behavior and structure of the post changes, it will be updated.
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Banknifty Bearish 🐻Wolfewave with Bearish Bat 🦇Bank Nifty Analysis: A Confluence of Bearish Signals Across Timeframes
Our in-depth analysis of Bank Nifty across various timeframes reveals a compelling collection of bearish indicators, suggesting a cautious approach for investors. Among these, the Bearish Wolfe Wave patterns on both weekly and H4 charts stand out, alongside the activation of the Bat Action Magnet Move (BAMM), pointing towards a potential downward trajectory.
Key Technical Observations:
Bearish Wolfe Wave Patterns: The identification of Bearish Wolfe Wave formations in both the weekly and H4 timeframes suggests an imminent reversal from the current bullish trend to a bearish trend.
Bat Action Magnet Move (BAMM): This phenomenon indicates that the price is gravitating towards a significant level of resistance, potentially marking a pivotal turning point for Bank Nifty.
Proximity to Resistance Levels: The price is nearing a critical juncture as identified by Read the Market (RTM) analysis, specifically the Left Shoulder (LS) Kink, which aligns with a Maximum Pain Level (MPL) and a Minor Flag Limit (FL). This cluster of resistance reinforces the bearish sentiment.
Anticipation of New Supply Formation: Although bearish indicators are prominent, the formation of a new supply zone is eagerly awaited. Predictions suggest a brief upward movement towards the BAT Pattern Recognition Zone (PRZ) and LS Kink, where new supply could emerge, setting the stage for a significant downturn.
Elliott Wave Analysis: From an Elliott Wave perspective, the market is currently in a correction phase, with an expected follow-up of an impulsive decline mirroring the previous impulsive fall labeled as "A". This symmetry supports the forecast of a downturn, where "A" equals "C" in magnitude.
Observation on Divergence: The current analysis notes the absence of strong divergence signals. This lack suggests that, despite the bearish outlook, traders might benefit from awaiting more robust divergence indications before positioning themselves.
Conclusion :
The aggregation of technical indicators, including Wolfe Wave patterns, BAMM, and resistance confluences, directs us towards a bearish forecast for Bank Nifty. However, a strategic pause is advised until the formation of a new supply zone and the emergence of stronger divergence signals are observed. This cautious stance will enable investors to make informed decisions, leveraging the detailed insights provided by this analysis.
Visual Analysis Links:
Daily Timeframe Analysis
M15 Timeframe Analysis
Alikze »»SUSHI | Pullback to dynamic trigger is brokenAccording to now, after the break of the pre-resistance range and the dynamic trigger, it can now touch the suggested areas after the pullback to the area. Therefore, if the specified range will have a green box and a dynamic trigger as a color role to achieve the specified goals. But if the range of the green box is broken, this analysis will be invalid and the alternative scenario should be checked and the post updated.
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Live Trades and Prime Trading Areas explainedIn the video I discuss a few live trades and the reasoning behind the entries. I also talk about the lead up price action that is important to note when managing the trades.
I then discuss the same basic concepts applied to price action on the DOW and where the prime entries were and reasons for them.
The basic concepts discussed are :
- Momentum
- Price Action
- Candle Analysis
- Multi-timeframe Analysis
** If you like the content then take a look at the profile to get more ideas and learning material **
** Any Comments and likes are greatly appreciated **
Alikze »» ALPHA | Condensation area failureIn the weekly time frame 1W after a complex correction has made a floor in the 0.0622 range and after a cycle of almost 650 days after the breakdown of the consolidation it will now have the ability to grow up to the indicated areas with support in the green box area.
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GBPAUD BEARISH IDEA-Broke previous low
-(4h) demand zone is the target
- Bullish falling wedge pattern is being created on higher time frame (4h)-(D), Take a close look, the target of my trade would be stopping early buyers on short term demand zones ( $$$) all the way to the main (4h) demand. And once price reaches this zone, we will be looking for a long term BUY ---> (BLUE PATH)
I highly anticipate some kind of manipulation since both buyers and sellers are currently strong !
FOLLOW FOR INSTANT UPDATES since
price can react differently!
Buy GBP/NZD Bullish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Buy Entry: Consider entering a long position around the current price of 2.0785, positioned close to the channel support. This offers an entry point near potential buying pressure.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 2.0868 and 2.0906. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the channel, ideally around 2.0735. This helps limit potential losses if the price unexpectedly breaks down and invalidates the bullish pattern.
Thank you.
US30 SELL*THIS TRADE IS AN UPDATED VERSION OF THE PREVIOUS IDEA ON US30.
In the last post we had a very successful sniper entry. The setup however was not well predicted but our selling zones were respected !!
Technical is very strong for a bearish view ! --> triangle
Expecting a break of the triangle !
Target is the green circle !
Make sure to keep following for updates !!
Alikze → C98 |Cup patternIn the daily time frame, a cup pattern can be seen that if the supply zone is broken, the pullback can be available in support of the 0.29 zone of the specified targets. Due to the depth of this pattern, it has the ability to reach higher than the profit limit.
🟩Sup: 0.1953 - 0.29
⛳️Tp1: 0.46
⛳️ Tp2 :0.63
⛳️ Tp3 : 0.78
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Alikze → HBAR| Swing failureIn time W1, D1 is breaking after 649 days with the construction of three valleys, finally the supply area created by a candle. Therefore, with this failure, in the event of a pullback to the specified area, which is the range of 0.098, it will have the ability to grow to the next supply area.
🟩Sup: 0.098
⛳️Tp 1:0.1580 - 0.1710
⛳️ Tp2 : 0.2200 - 0.2440
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Alikze → INJ | Making a return patternAccording to the previous analysis, it continued to grow after leaving the density to the supply area. Currently, after a correction in the support zone, it seems to be building a reversal pattern. If it maintains the green box range and 34.40 again, it can retest the supply zone once again. In the long term, D1 is completing wave 4 of correction. Due to the complexities of this wave, one should wait for the supply range to be broken, which will have the ability to grow up to $71, which should be examined in its own time, and currently up to When this correction is not completed, you should expect the continuation of the route after the supply zone of the major ceiling. However, with the touch of the first supply area with the support of $37.5, it will have the ability to grow to the next supply area.
Note: If the green box area breaks down, it will experience a triple correction to the lower green box area.
🟩Sup:The green box area is 34.40
⛳️Tp 1:38.35 - 39
⛳️ Tp2 :43.80
⛳️ Tp3 :46.90
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Alikze »» MANA | Upward motivational waveIn time 2W, due to the complex corrective structure, it has completed in a corner pattern, which after exiting the density is now in its upward motivational wave. According to the previous analysis, which touched the target, it will have the ability to reach the next supply range after breaking the current range. But in higher time, he will have the ability to reach the next zone, according to the type of movement behavior, it is expected that he will touch the next supply zone in the first step.
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Alikze → YFI |Descending channel failureIn times H4 and H8, after the breakdown of the descending channel in the form of a pullback to the range of $7500 and confirmation of the continuation of the trend, it is possible to reach the specified supply area according to the important resistance range, as well as the neck line of the range of 7500, with the support of this range, the ability to reach The first demand range is specified and then it will be up to $10,000.
🟩Sup: 7500
⛳️Tp1: 8280 - 8440
⛳️ Tp2 :8440
⛳️ Tp3 : 10000
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Alikze → ADA | Cup pattern formationIn time H8, a cup pattern is formed, the depth of which is more than 37% according to the structure, which in time D1 has a resistance in the supply area, and this break will have the ability to grow up to the specified area with support of 0.5860. Therefore, this break should happen soon for the specified target. The specified areas can be considered as profit limits.
🟩Sup:0.5860
⛳️Tp 1:0.6806
⛳️ Tp2 : 0.7826
⛳️ Tp3 :Red Box
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