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Supply and Demand

EURUSD Friday 25-10-2024 B+ Setup 1H Timeframe. EU has tapped and swept liquidity below the previous strong higher low. Currently we are within a high valued POI, i still do see a potentially for a further push to the down side targeting my second buy limit order. But taking shorts at this point, i find it a little bit pointless, since price is already where we are expecting to see bullish momentum. i will wait to see how price develops within this range and be ready to swing the move to the upside.
by Ocean98
PLATINUM | XPTUSD Weekly Outlook Oct. 21st: BULLISH Bias!This weekly forecast is for Oct 21 - 25th. Platinum is heading towards the Swing High with good momentum. Target should be achieved this week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers, and I respond to every comment. Like and/or subscribe if you like the video and want to receive updates directly. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:PL1!
by RT_Money
Bearish Sentiment on EURUSDMy eyes are on this EURUSD potential sell setup. The sell is backed by the following confluences as usual which are- 1) Market Structure(BoS) 2) Supply 3) Imbalance 4) Liquidity So I’m patiently waiting for the retracement to the point of interest. When price gets to it, I’ll head down to a lower timeframe for my entry confirmation ChoCh entry model of a- higher high, higher low,higher high and then an impulsive/aggressive lower low. If this emerges successfully, I’ll then identify my valid point on the ChoCh that will likely be made up of Supply, Imbalance and liquidity. Where is where my entry will be. To target a 1:3RR as profit target. Note that the mark is all probabilities which also makes my analysis a probability.
Short
by MeekBosslife
1
EURUSD Stabilizes After Decline: Potential Upside AheadAfter nearly 27 days of consistent decline, from as high as 1.1205 down to 1.0761, EURUSD appears to be stabilizing, and showing signs of a potential reversal. Two key factors suggest this. First, the pair is bouncing off an upward trend line that supported prices on June 26. Additionally, yesterday saw a false breakdown below the August 1 lows, and now the price is pushing higher. However, the pair isn't out of danger yet. It may trade between 1.0873 and 1.0761 for a while. If this range narrows, a good risk to reward entry for an upside move could emerge. On the other hand, a break below 1.0761 after a few days of consolidation could push the price to the next support level at 1.0665 (the June 26 low). This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
Alikze »» SOL | wave 3 out of 5 bullish scenario - 8H🔍 Technical analysis: The second bullish channel - wave 3 out of 5 bullish scenario - According to the analysis presented by Solana in the previous post , the targets specified in the ceiling of the channel (the range of the first red box) were touched. - It has now entered the second bullish channel with the break of the red box, which can continue with a pullback to the broken structure of this movement cycle. - Therefore, according to the upward trend and the continuation of Solana's movement cycle, which is in wave 3 out of 5, the targets specified in the chart are within reach of the upward trend of Solana's currency. 💎 Objectives: The middle of the second ascending channel and then the ceiling of the channel and the specified supply area will be. It is currently in wave 3 out of 5, which can crown the mentioned targets. ⚠️ In addition: if the Invalidation LVL area is updated and touched, the continuation of the upward scenario will be invalidated and must be checked and updated again.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SOLUSDT
Long
by alikze
8
Nat Gas: Heating Up into the WinterBrief Overview on Natural Gas Natural Gas is a commodity generally traded on the premise of weather forecasts indicating cooler or warmer seasons. This allows traders to speculate on demand for the product as it generally trades higher with cooler temperatures. Today we are looking at the weekly chart. Thesis: Technical Analysis Pointing to a Bounce This analysis is mainly focused on the lasting demand zone that Natural Gas time and time again respects and typically bounces from. The weekly chart points to the likelihood that the R/R is favorable for a long position at these levels in the 2.20's. Not only do we see NG tap back into this heavy demand zone, but we also can see a Cup & Handle on the weekly chart signaling potential greater upside. Demand Zone offers strong R/R as it dips back in to these levels. Cup & Handle can represent even further upside, but will rely on the initial rebound to prompt the possibility of it playing out. There is also a trendline (not pictured) that is supporting the current bounce we are seeing today from the 2.18/2.19 level. It is important to note that the commodity has been seeing higher lows since the Spring. Lastly, a tap of fundamentals play into this idea as well. Though winter demand is always priced in, this year forecasts have repeatedly painted the picture that this winter will be historically mild. Due to these forecasts implying less seasonal demand for Nat Gas, a shift in the shorter-term and more accurate models as we approach the winter season will sharply move the price of Nat Gas and represents that the current price is truly pricing in a very mild winter. This basis supports the idea of great R/R on this LONG trade idea. Disclosure I am currently in a long position in Natural Gas after entering on the Friday (10/18) Close My position includes: AMEX:UNG Credit Spread 13/12P , AMEX:BOIL common shares If this thesis holds up, I would plan to roll my credit spread contracts into further expirys Thanks for reading! Not Financial Advice
NYMEX:NG1!Long
by ZachSap
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we said we would be looking to long from the lows up into the order region 2730-35 which gave us a decent trade early session. We then gave KOG's bias of the day as bullish above and achieved our Excalibur target but fell just short of the 2745 target level that we wanted. We're now at support 2730 which looks to be holding up but we have resistance 2745. We expect this range to continue for the remainder of the session unless one of the levels is broken. As is stands, if we need to break above 2745 to then target the 2760 level but due to the ranging it's not giving us a clear set up. We'll await the close and re-assess tomorrow. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
Solana's Surging Dominance: A New Flippening in the Making? Solana's meteoric rise has caught the attention of the cryptocurrency world, with its price reaching a new all-time high against Ethereum. This surge, driven in part by the memecoin frenzy, has sparked speculation about a potential "flippening" – a scenario where Solana's market capitalization surpasses that of Ethereum. Since 2023, Solana has experienced a remarkable 600% increase in value relative to Ethereum. This impressive performance can be attributed to several factors, including: • Memecoin Mania: The popularity of memecoins like BONK and BONK Inu has significantly boosted Solana's ecosystem. These tokens have attracted a large following, driving up demand for the Solana blockchain. • Scalability and Speed: Solana's ability to process a high number of transactions per second (TPS) has made it a popular choice for developers and users seeking faster and more efficient blockchain solutions. • Growing Ecosystem: Solana has witnessed a rapid expansion of its ecosystem, with numerous decentralized applications (dApps) and projects being built on the platform. This growth has increased the demand for Solana tokens. • Institutional Interest: Solana has gained traction among institutional investors, who are increasingly attracted to its potential as a scalable and high-performance blockchain. While Solana's recent performance is undeniably impressive, it's important to consider the challenges it faces in its quest to overtake Ethereum. Ethereum, despite its current dominance, is undergoing significant upgrades, such as the transition to proof-of-stake (PoS) and the implementation of layer-2 scaling solutions. These developments could potentially enhance Ethereum's efficiency and scalability, making it a more competitive alternative. Moreover, Ethereum's established network effects and strong developer community give it a significant advantage. Ethereum has been the dominant platform for smart contracts and decentralized finance (DeFi) applications for several years, and it has a vast network of developers and users. Overcoming this established ecosystem will be a formidable challenge for Solana. Despite these challenges, Solana's recent surge suggests that it is a serious contender in the race for blockchain dominance. The platform's strong performance and growing ecosystem have positioned it as a potential disruptor in the cryptocurrency market. Whether Solana can ultimately achieve a "flippening" remains to be seen, but its continued success is a testament to the innovative and competitive nature of the blockchain industry. In conclusion, Solana's price surge against Ethereum marks a significant milestone for the platform. While the road ahead may be challenging, Solana's potential for growth and innovation is undeniable. As the cryptocurrency market continues to evolve, it will be fascinating to observe the ongoing competition between Solana and Ethereum, and to see which platform ultimately emerges as the dominant force in the blockchain space.
COINBASE:SOLUSDLong
by bryandowningqln
Is Bitcoin Price's All-Time High Dependent on Gold Rally PausingThe cryptocurrency market has been exciting as Bitcoin (BTC) inches closer to its all-time high (ATH). However, a recent surge in gold inflows suggests that a potential pause in the precious metal's rally might be necessary for BTC to reach new heights. Over the past seven trading days, gold exchange-traded funds (ETFs) have witnessed an influx of over 1 million ounces, marking the largest inflow since October 2022. This significant increase in gold demand indicates that investors seek safe-haven assets amid economic uncertainty and geopolitical tensions. Historically, gold and Bitcoin have correlated, with one asset often leading the other. In 2020, for instance, gold paved the way for Bitcoin's ascent, reaching record highs in August of that year. Subsequently, BTC followed suit, setting its all-time high in December. The current scenario, however, presents a different dynamic. While Bitcoin's price has been steadily climbing, it appears to be facing resistance near its previous ATH. Is there a potential correction in gold prices could be a catalyst for BTC to break through this resistance level and establish a new all-time high? Several factors contribute to this hypothesis. Firstly, the ongoing correlation between gold and Bitcoin suggests that a pause in gold's rally could divert investor attention and capital towards the cryptocurrency market. Secondly, a correction in gold prices could alleviate concerns about a potential asset bubble forming in the precious metal market, thereby boosting investor confidence in Bitcoin. Furthermore, the recent surge in inflows into Bitcoin ETFs highlights the growing institutional interest in the cryptocurrency. As more traditional investors allocate a portion of their portfolios to Bitcoin, the potential for a significant price increase becomes more tangible. However, it is essential to note that the relationship between gold and Bitcoin is not always straightforward. There have been instances where the two assets have diverged, influenced by various macroeconomic factors and market sentiment. Therefore, while a gold correction could provide a favorable environment for Bitcoin's price appreciation, it is not a guaranteed outcome. In conclusion, the recent surge in gold inflows suggests that a potential pause in the precious metal's rally might be necessary for Bitcoin to break its all-time high. While the historical correlation between the two assets offers a compelling narrative, it is crucial to consider other factors and remain vigilant about market developments. As Bitcoin continues its journey towards new heights, investors will be closely watching the interplay between gold and the cryptocurrency market.
OANDA:XAUUSD
by bryandowningqln
Confirmation neededWe've been in a bearish trend until the price recently broke through a key daily liquidity level and reversed the weekly demand zone. Price pulled back to the 30-minute demand zone and bounced upwards. The 1.07970 fair value gap was invalidated, indicating a shift in market sentiment. Minor sweep and retracement to the 1.08060 swing high. Buy from the current demand zone due to imbalance and expected liquidity sweep. Targeting a 1:4 risk-reward ratio (20 pips risk for 80 pips gain). Initial stop loss below the current demand zone. Plan to move stop loss to 1.08100 for a risk-free trade once in profit…
by tokelohomi