Supply_and_demand
EURUSD IDEAMy next trade will be eurusd,we see large bearish candles so sellers are in control,as pullback occurs it should show small bull candles,wait for a confirmation beafore entry.
We can se price before rejected the blue line,so bearish candles broke the lowest point.
Happy trading everyone! As always risk menagment is the key to sucess!
EXPECT 8% RETURN FROM INDIA's LARGEST CEMENT PRODUERSNSE:ULTRACEMCO , risking 1.5% in a stock is a good setup to trade, buying at the price of 8150 and making 8050 or 10 points below is the stop loss for the trade, expect the recent ATH to be the target. CHECKOUT SOME PREVIOUS ANALYSIS TO GAIN THE CONFIDENCE TO TRADE.
SPY- Bearish- UpdateHas been a while since I've posted an update on the SPY as a lot has transpired in financial markets over the past few weeks, and months. The SPY has been trading significantly under its average daily volume, which has primarily been the driving force behind the momentum in my opinion. On the other hand, the SPY is holding a nice symmetrical triangle on the weekly timeframe. Nonetheless, buyers and sellers continue to battle, however, on the daily timeframe the SPY is overbought on the RSI, and two Bearish Megaphones are currently still playing out. The SPY is yet again, at a make-or-break spot in my opinion. If we see another leg down, we could see a re-test of the COVID-19 trendline support. As I've said before and will happily say again, where I stand, we're in unchartered territory - Just some support and resistance levels to keep an eye on in the interim, along with some RSI-based supply and demand zones, staying hedged. --Previous Charts Attached In Description --
Weekly Timeframe
Daily Timeframe
Covid-19 Trendline Support
DEVELOPING. NQ 60-min. Long/Bounce.Looking to play tech for a bounce here. Demand Zone is sourced from 60-minute chart within the context of longer-term timeframes. As overarching market structure is somewhat of a concern, look to harvest short-term profits quickly and leave runners for intermediate-term swing long if able. Safety first!
CHFJPY too many support in case of short.Hello traders,
There is one entry and one TP for this pair.
We do not short just because we believe there are too many levels just so close together so RtoR of short options do not worth the risk.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
AUDJPY: Could GDP Release change the trend?Hello traders,
AUDJPY Is going upward.
Our main Scenario is the long one:
Long Scenarios:
After breaking 95.050, We'll wait for a retracement.
TPs are: 95.650, 96.600
SL: below 94.700
Short Scenario will be published in case of breaking the upper trend-line.
Pivot points, Support and Resistance and also Sentiment data were used for this analysis.
NZDUSD: KIWI is oversold and will riseHello traders,
Long-term bearish channel bottom line is a sign of oversold
The bearish trend-line is broken
There is one entry and three TPs for this pair.
New Zealand GDP announcement could effect the markets bias.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
#GBPJPY Potential upside continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs.
since price rejected from the long term bullish channel upper line, price formed a bearish corrective structure with the possibility of upside continuation in favor of long term price movement.
As it can be seen in the chart price struggling with supply area for the past few days and failed several times to break below this supportive area.
more importantly today after another failed attempt to break below the support price rejected and formed strong bullish hammer candlestick pattern which can potentially shows buyers strength.
Now in order to trade this pair I'm looking for price to fail to go lower than the 4H bullish hammer candle low or break above lower timeframe bearish trendline.