Supplyandemandzones
EURNZD Things can change in a weekIt’s amazing how things can change in a week. Last week I was looking to buy EURNZD around 1.69450. The deeper retracment trade would have given me an a 1:2 risk to reward trade. This morning price made a new high.
After updating my chart( just adding a note there has been a new high(1.70615)so now I can focus on a new buy entry price) I have another chance to trade a 1 to 2.27 risk to reward trade based on the daily timeframe. I also have an opportunity to grab more pips on a lower timeframe.
Keeping it simple
When price is in an uptrend(bull volatile as this one) it’s best to not switch strategies. Trade what’s working. I’m trading my TMP strategy using a Fibonacci to help me get more than a 1:2 risk to reward. That’s it. No indicators. No trend lines. Just price in the form of candlesticks and a Fibonacci tool. Simple.
That’s what keeps the market fascinating. You never know when things will change. It’s a beautiful yet chaotic puzzle.
Wouldn’t you agree?
Today I’ll be live-streaming at 1:00 pm est. I hope you can join me. I’ll see you there.
Shaquan
4 HR ANALYSIS - Will GBPJPY FINALLY break out of this Flag?Hey guys,
So, on my last post I said I wanted to see price come up to 163.500 to fill that imbalance on the left and also retrace deeper into the higher time frame bearish fib (it was already hit but I wasn't convinced that that was enough I needed it to at least pull up to the .618 level.
So now that price has given us that, we just need to plan accordingly and see what price wants to do from here onwards. :)
As always - I have more than 1 option just in case, but I would like to see GJ pull back before trending higher even if its temporarily.
Option 1: Bullish
Price may come down to either 159.500 or 160.500 to remove liquidity and accumulate sellers before it reverses and takes off bullish. It just looks too good to be true if it only trends bullish from where we are now or if it just reverses and drops straight from there Aswell.
Remember - If it looks too good to be true, it usually is, and we know that the markets don't work like that obviously. Also, the overall sentiment is bearish for GJ so it makes sense to keep accumulating sellers and luring them in and then reverse from there.
Option 2: Bearish
Price may just want us to think its manipulating us to go bullish and may actually go bearish in the end so we can't completely write this additional perspective off because it is very possible. It may come down to 159.500 or 160.500 and then retrace from there and accumulate buyers only then to drop and continue bearish removing all liquidity from the previous lows over the last few months.
Nifty: Higher Chances to Break 17800-17900 Zone.Higher Side Supply Zone @ 17935-18320
Downside Demand Zone @ 17400-17450
There is a zone @ 17800-17900 also but currently Nifty is trading between the zone so, I neither consider as a Demand Zone nor Supply Zone.
As a Supply Demand system follower currently I dont have any view and between 17800-17900. So currently I am holding natural option selling position.
Other side option data buildup is very interesting. There is a heavy long unwinding in 17600 PE in monthly exp, heavy long build up in 17300 PE monthly exp and heavy short buildup in 17900 CE in monthly exp, highest short side build up in 18000 CE in current exp.
According to option data and Supply Demand Nifty need to trending with strong price action and close above 18000. According to me this possibility is very less.
Higher possibility is Nifty will spend time between 17800-17935-18000 for some more time or brake 17800 zone.
Lets's see in coming days.
CADJPY and the big shortCADJPY had engulfed the fl, and now I believe there would be a good downward movement to collect the long orders.
lately it engulfed a demand zone and had a pullback to QML and I'm ready to see my TP.
as we saw a Engulfed FL, the TP is ORFL and there would be a good place to long!!!
BTC/USD Weekly Death Cross?Dear Investors and Traders,
Based on my chart, I saw weekly death cross at weekly timeframe. Am I wrong?
Perhaps I wanna wait until 15k or below to entry. I reckon you guys as well.
Critics and comments are super appreciated !
Good luck!
PS: Don’t trade blindly. Please do research at the1st place
GBPAUD: SELL OPPORTUNITY !!GBPAUD is trying to complete the ABCD pattern.
Price broke the support level of 1.747 and now going to retest.
This is a good trade opportunity to take.
Trade with care.
I will update at here if the trade opportunity is given.
Do follow and boost if you found this idea helps.
WTI Supply&Demand Swing Trade SetupWe saw price come up near the supply zone multiple times this week but fail to close above or even inside of it.
Most of my analysis is already on the charts. Do note that there is a minor demand zone around the 76.50 level, not drawn on the charts, where we may see a bounce. This could be a TP1 for some traders and I would likely move my stop near this level if price continues downward after the bounce.
This setup will likely take a week+ to play out; if it does.
GBP/JPYTook a 15 min sell set up. Seen price was failing to reach my supply/ resistance area and entered off the break of my last candle. Took price to my latest area where possible demand can be seen as well. I did want to get an entry at my green demand zone for a better chance to take it back up. I do have a buy set up at that area but im waiting to see how price plays out. But I did take 2 entries on this trade
GBPAUD I Update - 140 pips to upside and what's next!Welcome back! Let me know your thoughts in the comments!
**GBPAUD Analysis - Listen to video!
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EURUSD isn't turning yetAs most people are looking for eurusd to make a turn back down we keep seeing it rally up not knowing when it will stop but i have an idea of where and thats what i'm gonna share with you today,
as you can see on the chart looking at it on the daily we have equal highs wich are attracting price to that supply zone, maybe once they are out we'll be able to start taking sells again, hopefully soon to continue with a bear year for eurusd, i might make another post on macroeconomy and fundamental analisis just to explain why eurusd will be going down this year.
GBPUSD LONG BIAS (SWING BUY!)Hello all!
Hope you are doing well :)
I have a Top-Down analysis for you today on GU! I have realised in most channels, and servers i am apart of on social media that people are shouting different directions on this pair..
My views are shared in this video!
Sit back and enjoy! Any questions? just DM me! :)
GBP/USD 17/01 8:55 AM UTC-3In 4h we are bullish, I hope that demand zone will break.
I expect a break in the structure to take sales and then continue to rise.
By trend, purchases are more likely but, for me, sales are more likely since we are expensive in the range, reaching an area of daily demand.
Waiting...GJ looking for a solid break and retest of the 1H high for buys, wont be looking for sells until we get below 156.500, I dont want to trade anymore in that range, price messing to much, going to wait for the breakout/direction, if we fail the daily low again i'll anticipate a potential 1H DB and HTF reversal but for now im bearish until the 1H breaks then i'll be looking to take price up to previous highs, let me know your thoughts!
BTC are within POC monthly, but there are risk for it tooFrom the chart, i've used the Fixed Range Volume Profile (FRVP) and from monthly chart it shows that Bitcoin is in Bullrun position, also at the price range of 17k to 22k are inside the Point of Control (POC) area that might explain why there are sudden bullrun recently. This area might be a rebound area for the price to continue bull run, but there are also some risk that if the market turn into another bear than i expected that Bitcoin will fall maximum at 14,5k area. Finger crossed🤞, lets hope for the best