Technical Confluences: - Stochastics are in Overbought conditions in the Daily Timeframe - Price is close to the top of the Parallel Channel and is currently in the Interest Zone - Price action bounced off the Mid of the Parallel Channel which strengthens a bullish trend - Fundamental Confluences: - Paypal is considered a market leader in digital payments space...
Technical Confluences: - Price has been trying to consolidate at these prices - Prices have bounced off the Interest Zone but will face Resistance Trendlines and interest zones above Fundamental Confluences: - Similarly, like the earlier FX:USDCHF post - Market seems to have overdone their expectation of many rate cuts and based on how FED normally reacts,...
Technical Confluences: - Price action has bounced off a 78% Fibo retracement - Below the 78% Fibo retracement is also been a Demand Zone which breaking it would like lead to a new all time low - For price action to move up higher, it needs to break above the Interest Zone (@ 61% Fibo) and also the resistance trendline - Upon breaking that, it's next resistance...
Technical Confluences: - Price action is near the 50% Fibo retracement area - Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby - Stochastics is inn Oversold conditions in the Daily & Weekly timeframes - Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension...
The platinum market is currently navigating a complex equilibrium shaped by a confluence of factors. A persistent supply deficit, driven largely by robust industrial demand, particularly from the automotive sector, has exerted upward pressure on prices. However, the specter of electric vehicle adoption, a long-term threat to platinum demand in the automotive...
I see EURUSD in the 1.08172-1.07836 area, there is a base area (DBD), as a supply area for UERUSD, and there is an EMA 200, with the trend formed by EURUSD being a downtrend, based on the above it is very realistic to determine a SELL plan in the Supply area with SL above the supply zone and TP 2R is very possible to achieve. Hopefully I'm right and luck comes my...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is close to a Resistance Trendline - Price action is close to a 200 EMA (still bearish for now) - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Fundamental Confluences for Trade: - Nothing new in the Crypto space to start...
Hello Traders, Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum, While Failure to Respect Signals Downside Pressure Ahead. We have one Demand Zone, and 2 Supply Zones. If The Price Breaks The Supply Zone, Take Entry While Retesting OR Pullback of The Move Otherwise If It Respects The Supply Area Then Look For The Short Entries! ...
Hello Traders, Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum, We have 2 Supply Zones. If The Price Breached The Supply Zone, Take Entry While Retested and Looking For Bullish Momentum Please Note That The Only Purpose of The Information On This Page is Purely Educational. I Would Welcome Your Participation And Support in the...
EUR/USD is currently in a strong downtrend, and a previous trade idea based on the break of the previous day's low and 4-hour support yielded a 40-pip gain . The analysis now indicates a potential opportunity as the price approaches another critical level. Now Seems like price is pulling back to 1h resistance at 1.06949. If the price retests this level with an...
4 hour TrendCloud Crossover 1 hour TrendCloud downtrend 30 min supply zone. CCI is slightly against us but we are taking a 1% risk on this trade to the downside for a 2:1 target.
anticipating a rise into the supply zone or around 1858.34 level before selling down, i am expecting GOLD to hit the target 1828.19 or or goes dip below 1805.34 demand zone
As you can see, there is a shift in market structure 1H TF. Before going further, there is also same scenario if you checked daily TF---> BOS and then going lower. I waited for the level highlighted with institutional candle due to the fact that it sponsored the price to go lower. Upon checking I also see BOS following validity structure :) After that I go...
Hey guys hope you doing good. As we can see EURNOK MN demand is tested by the price and after all price just broke the descending TL on our entry time frames so its time to go long. Here we have got a very fine area to trade. Minimum we trade that as per its height. So good luck
This trade happened during the Asian session on the H1. There was no chance to capitalise on this on the H1 chart. It would seem we have now turned bearish with H1-OF. I waited for an M15-CH to put me back in line with the current bearish OF. 1. H1 OF is bearish 2. H1 has moved into fresh supply which led to a H1-BOS 3. We have moved into the premium of...
On price action and market structure point of view, we saw that there's a possibility of a bullish side movement for XAUUSD. Disclaimer: Not financial advice!
Gold will be looking to retest our supply zone as well as the broken trendline, wait for confirmation candles before sell. SL and TP on the analysis.
If you are looking for short, this may be useful for you. There are possibility to get Risk Reward 1:6 in this setup. Look at the lower timeframe to get good entry level.