S&P500 – TRADES | KW45 | INTRADAYIn today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis.
= since it is a very short-term time frame, I will not comment further.
= the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade. This is one of many possible setups, because the current course is not able to take a clear direction.
The following methods are used and shown in the following:
- SUPPLY&DEMAND ZONES
- FIBONACCI LEVEL
- POINTS OF INTEREST
- TREND LINES
SUPPLY & DEMAND ZONES
"4 hours - time window"
"1 hour - time slot"
FIBONACCI LEVEL
"4 hours - time window"
"1 hour - time window"
POINTS OF INTEREST
"4 Hours - Time Window"
TREND LINES
"4 Hours - Time Window"
"1 hour - time window"
RAW VERSIONS WITHOUT INDENTIFICATION .
"4 Hours - Time Window"
"1 Hour - Time Window"
> Feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
Supplyandemandzones
SHORTCPI Results on 10th Nov resulted to a weak dollar, thus the rise of Gold during and after news release. According to Dxy analysis, I don't think the weakness will last long as it is approaching some major levels. Gold is also on major supply zones. Best zone to take a good short is around 1750/1765 area and target the indicated levels. All other sells taken should be short term unless 1728 is clearly broken. All the best
AUD/JPY tips its (bearish) hand after struggling at resistanceAUD/JPY is one of those currency pairs that can chop around for periods of time, then one day switches on the momentum. And I suspect the market has tipped its hand to a downside move with yesterday’s bearish candle.
A resistance zone formed in April between 94.24 - 95.75 in April, where breaks above it have ultimately failed and the resistance zone gets respected one more. Since late October we have seen several failed attempts to break the resistance zone, and a bearish divergence formed on the RSI(2) ahead of yesterday's selloff. I suspect the high is now in place.
It closed below the 50-day EMA but found support at the monthly pivot point, so I’m now waiting for a break low to bring 92.89 (call it 93.0) and the monthly S1 (near 92.0 and its 200-day EMA) into focus.
Could be nice sell setup for EURCHFAs we see market were bullish and there was many BOS to the upside
But market just shifted to the downside with good momentum
Price came to test the last supply zone and reacted from this area
Will wait for the bearish movement to be confirmed and go short
Feel free to comment with ur thoughts! Peace
💰SELL AUDCAD at the best place and price and earn +190 pips🎁🌹🔰You can see the analysis of the Australian dollar to Canadian dollar currency pair in the one-hour time frame (AUDCAD_ 1H)🔍🧨
💥Considering that the price has been able to break the Up trend line🖤, if the price can reach the SUPPLY zone❗, it can experience a fall until the DEMAND zone🔻⚡
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
_____📈TRADER STREET📉_____
SHORTPrice is clearly on a downtrend after clear break of structure on Month and weekly timeframes. It is possible for price to retrace to the Daily orderblock (refined on H1) for clear shorts. There's also a possible sell at the cmp where we have an M15 OB and retest of Daily BMS. Possible targets and stop losses indicated.
Risk management is highly encouraged.
All the best.
USDJPY is crazy! Aggressive and conservative plansAggressive and conservative plan for UJ. It's very bullish overall, but it's still possible to be very aggressive and look for some daytrading shorts.
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
XAUUSD mid term SellHello traders.
After a long bullish move for gold, I can see that there are many sell order in the zone 1660-1680 based on volume profile.
The area of 1675 - 1707 which used to be great demand area - ideal for longs, is not valid as support any more. Despite the global financial crisis, USD is getting really strong in the mid-term. The Demand zones close to 1570 and 1470 respectively, have not been visitied by price action since long time ago. Technical analysis is a depiction of
mass psychology included retail traders and banks. I can observe a significant selling direction. But, they will go for stop hunting for sure.
Any price action of candles even closed above 1680 and any similar spikes will be great for sells. Reduce your lot sizes and prepare for over 1000 pips move.
1615 level was exposed pointing weakness of gold buyers. There are huge wicks at weekly demand zones which indicate huge sell orders back then with liquidity left.
This sell orders come from hedge funds and big institutions and they must be closed without loss. For more than 2 years, these insitutions kept their sell orders by putting hedge strategies towards the ATH of gold. Now it seems that the time has come to finish it. We can't be sure what will come next. I believe that for long term buys, the ideal areas are 1350-1470. For prop firm traders with obligations and rules, this strategy can be broken down to quite smaller TP levels. But for those who trade without time constraints and they try to increase their small account, please reduce your lot to as minimum as possible. This pair is getting really low.
Weekly TF is trong as well as Daily. If picture is not clear, change to 4H or 1H for quicker moves taking advantage of the trend (Do not counter trend it is more risky).
Market Makers will not give that profit to us easily. Instead, they will definitely try to trap us by creating fake and short - time buy orders, this is why I draw bigger price areas and I apply big SL levels.
You can find short entry levels by applying Fib retracement to big impulses and help yourself. Remember that you must always rely on your analysis and R:R management. This is just my idea, not a signal!!!
Good luck and please provide feedback with comments and analysis!
💰BUY NZDUSD at the best price and place🧨🔰You can see the analysis of the New Zealand dollar to US dollar currency pair in a 15-minute time frame (NZDUSD_ 15min) 🔍🧨
💥If the price breaks the Down trend line🖤, if the price returns to the DEMAND zone, it can rise to the SUPPLY zone🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
_______📈TRADER STREET📉______
AUDUSD Swing Upward 200+ PipsWelcome back! Let me know your thoughts in the comments!
**AUDUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy