Supply_and_demand
GOLDEN STAR| hard Resistance zone -With increasing buying pressure, the price of gold was able to pass the resistance area (2038) upwards.
-Currently, the price has hit the next resistance level, which has also reacted to this area.
-My idea for the continuation of the trend is that this resistance zone will prevent the further growth of the gold price and this accumulation of liquidity will cause the price of gold to fall.
Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Which way Euro?Hello traders,
We are approaching the holiday season and volume tends to drop, sometimes it's better to expect a more "rangy" price action. I wouldn't be surprised if it takes out the last H4 swing high and returns back to the range. Given that, I'm mainly expecting four different scenarios:
1) Price reacts to the current chain supply and pushes down during the Asia session, probably providing short opportunities during the next London session.
2) Price continues the current trend and breaks above daily supply. This is the bullish case where I would be confident in looking for longs positions.
3) It goes higher than the last H4 swing high but fails to close above it. This is the second bearish scenario, where I would confident in taking short positions following the M15 structure.
4) The last case scenario is one where price take the last swing high, fails to close above it and comes back into the range slowly and it doesn't provide opportunities. This is the more "rangy" type of price action, which is definitely something to take into consideration.
Tomorrow there is "Consumer Confidence" data but I'm not expecting huge volatility from it but it will definitely help during this period.
Take care and good luck traders :)
Sell AUDUSD / 4HSell
Entry: 0.66996 (Now)
Stop: 0.67510
TP1: 0.65548 (RR = 2.5)
TP2: 0.63688 (RR = 5.5)
Golden Star| Gold daily ICT AnalysisGold with selling pressure that happened on Friday.
-It has reached its support level which is the price (2012-2017).
-By retesting the resistance level (2032-2038) and collecting the available liquidity at this level, the price can start its downward movement from this area to the level of 2013.
-If there is more buying pressure, it may grow to collect its next level of liquidity at the (2045-2050) level and return from this area to start its downward move towards the 2013 level.
EUR USD, awaiting the fresh supply (weekly)G'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
Daily Imbalances
Weekly Imbalances
Monthly
Do you enjoy the setups?
Professional analyst with 7+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIII
TRADE_SETUP_20% UPSIDE IN SKFINDIAThe stock was seen bouncing off an active support/resistance zone of INR4350-4450.
This very zone has been an active zone for the stock since Aug.2022, with several attempts made by both buyers and sellers to breach it.
The sellers in fact were able to breach this zone in March 2023 but looks like the buyers would not give up even then.
After a tough battle of 1.5months the buyers not only brought the price back above the S/R zone but managed to ignite a 35% rally to the upside.
The stock after finding a new supply zone at INR5250-5350 was back to the previously active zone of INR 4350-4450 and was seen reversing quite sharply from the past 3 trading sessions.
Now one should keep an eye at 4700 as once the stock is able to close above this mark the rally could get even stronger and the buyers could target the IBR 5800-6000 zone this time around.
CMP - 4675
SL - 4500
Target1 - 5350
Target 2 - 5800(RR 1:5)
H4 potential breakHello traders,
Following daily structure, there's a good chance that the H4 goal was completed and price is now ready to continue lower.
- After the huge FOMC reaction it's easy to get caught up into looking for a continuation opportunity but if we zoom out, it's possible to see a clear bearish scenario forming.
- Price is respecting daily and H4 supply zones.
- Daily structure remained bearish, despite the strong move on the H4.
- If price is going to continue to move higher the M15 will be the first to let us know.
- There's also the potential that price will stay in a range considering that it's getting closer to the end of the year.
(This is not financial advise, just my own views.)
Cheers
NVDA WANT TO GO HIGHER When a pattern like head and shoulder fails it goes the other way AKA classic charting
overall market sentiment is also bullish this can go very high easily
DYOR!
XAUUSD SELL& BUYHi Friends
Another analysis on gold. So pretty much as always I have multiple areas for sell and buy. Starting with 1970 level which is a demand to be tested and below it 1965 . But our immediate demand level is around 1977 which can be tested. Currently price is at 1983 which there seems to be a bearish divergence on the footprint chart leading to a fall. In case market goes up 1987 area around it would be short term supply and above that I also have other supply levels.
*Because there are multiple news todays related to gold, we must proceed with caution and enter only if we are sure. specifically interest rate news will be impacting market severely .
As always add your own logic and intuition into this analysis.
Be honorable
End of the year NFP | EURUSD into demand zone, inducement| LIVEI expect EURUSD to respect the demand zone and go for a short-term pull back
AMD Reached to a good buying zone as shown on the chart NASDAQ:AMD reached to a fair price to enter right now and I think it is going to reverse up soon ,so i am buying AMD now now at 108.9 and my target in mid term is 125 and the final target at 156 .
What do you think? Please, comment on what's you opinion
XAUUSD BUY & SELLHi Guys,
In today analysis we have multiple levels of demand and supply. Some new and some already tested. Couple hours ago market touched 2036 supply level and it was followed by huge move down, currently being at 2022. So price could test same 2036 level for second time should go up and if move up continues above 2040, 2048 would be a level which I look to short.
Below We have 2016-2012 demand level which can hold the move down and give us some good profits, and if that is broken also other levels exist below.
Later today we have a major news for USD which impacts gold to great extent make sure you watch for it.
Be honorable
GBPCAD short term sell reversalGBPCAD is at extreme supply zone, took out 1.72465 and liquidate 1.70845 i expect GBPCAD to drop on 1.70092 - 1.69562 demand zone
USDCHF shot-term buy from 4H potential imbalanceUSDCHF bounce from weekly demand zone and create a potential 4H imbalance, a possible short term Buy into the supply zone 0.88749 - 0.88204
XAUUSD OAK Gold's New All-Time-High and Intraday ForecastGold's price rose back to it's all time high value last Friday December 1st, then broke the ceiling on December 4th, at the Asia markets and week's opening. In a flashing escalade that lasted less than one hour, rocketing 77 dollars up from 2070, the price claimed a new ATH price at 2147 US dollars per pound .
The correction followed since. We are looking now at the continuation of this berish move, and here I offer some morning doodles for today.
Gold is going to continue up in the larger trend, and not just for this years closing. It's just a matter now of finding our how deep a retracement could reach. It might be still soon for doing that accurately.
SPX into 2024G'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
Daily Chart
Weekly chart
Monthly
Do you enjoy the setups?
Professional analyst with 7+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIII
XAUUSD BUY&SELL TradesHi guys.
I'm back with another gold analysis, Finally XAUUSD broke the all time high and has moved down. So I have two immediate areas to buy. First is 2049, and second is 2039. In terms of a sell trade, I believe area around 2085 is a potential sell for short term.
* Make sure you add your intuition into this idea and trade according to your own trading plan.*
Be honorable
Gujarat Raffia Industries _a breakout on cards and 90% upside!It was noticed that the stock has been in an bottoming and accumulation phase for more than 2 years starting Aug 2021 till date.
During this 2 year phase the stock attempted to go beyond the INR 40 mark but the same proved to be a strong supply/resistance zone for the stock preventing it from going higher(though few spikes/tails managed to pierce it a few times).
On the downside however, INR 27-30 kept providing a very strong demand zone/support for the stock(though a few tails pierced it on one of the occasions) and was probably used to accumulate this stock by interested parties during this phase.
The stock gave a falling trend line breakout last week with growing volumes and has greater chances this time around of breaking-through the INR 40 wall that it could not break-down in past 2 years.
There is little to no resistance for the stock once it closes(weekly) above INR 40.INR70-80 seem to be the only resistance on the chart which from current price are almost 90% upside.
INR 33 can be used a 'SL' for this stock to enter around INR37-40 zone for a potential target of INR70-75.
NOTE*-The views expressed are based on personal opinions/observations. Please do your own analysis of any company in which you wish to invest/trade.
The Concept of Supply / Demand TradingThe principle of supply and demand trading involves identifying a counter-trend candle that precedes a sequence of three consecutive candles exhibiting strong bullish or bearish momentum. This specific candle is designated as the supply or demand level. The underlying theory posits that when the price retraces to the region where demand previously triggered a robust price movement, it is likely to encounter renewed demand, consequently attracting a larger number of buyers, thereby sustaining the prevailing trend.
Rule 1: The aggressive price movement must consist of 2-3 (3 preferred) candles that demonstrate remarkable strength in their respective directions.
Rule 2: The candle retracing to the demand zone should close outside of the zone, accompanied by a wick that reflects considerable strength.
Has ITC refueled its tank for the next move up?The ITC stock now has been consolidating for more than 2 weeks at a very strong support/demand zone of INR430-435.
This particular S/R zone is an active zone for the stock since May 2023, acting as support and resistance on several occasions since May.
There was a slight breach of the zone in Oct.end which was successfully reversed by the excess demand hence providing more relevance to this zone.
It is very interesting to witness the stock making a 2-week range right at the demand zone of 430-435 as if it is only waiting for an explosion upwards towards the supply zone of 450-455.
Surely the sellers/bears have tested the buyers/bulls enough and the buyers have bravely stood their ground even bringing the stock back above 430 after the breach, but now its time for the buyers to test the sellers. We shall see if they hold their ground of 450-455 or flee from the battleground.
CMP 437
SL 432
TARGET 457
