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Supplyandemandzones

AXSUSDT is testing the key level!AXSUSDT is testing the weekly support at the $9.9 area, which is a crucial level for traders and investors. The 0.786 Fibonacci retracement level is also in close proximity, which is a key level for traders who use Fibonacci retracements to identify potential areas of support. It is expected that the price will bounce off this level, as it has done in the past, as traders look to enter long positions. However, in order for this bounce to occur, the price needs to break out from the descending channel and static resistance, which has been acting as a significant barrier to upside movement. Once this breakout occurs, it is likely that we will see a strong move to the upside, potentially towards the $12.5 area. According to Plancton's rules, a new long position should be opened once the breakout occurs and the price closes above the resistance level. This is because the breakout is a strong indication that the trend has shifted in favor of the bulls, and that further upside movement is likely. As such, traders who follow Plancton's rules may look to enter long positions in anticipation of a strong move higher. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
4
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
Long
by ShaquanLopez
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.
Long
by Pmilanoxx_
12
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.
NSE:NIFTYShort
by svapnilchoksi
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.
TVC:USOILShort
by GGG6
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! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. 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!
by BKTradingAcademy
22