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Supplyandemandzones

EURUSD Short outlook after the bearish momentum of FOMC.As you can see, since the 20th of September, the market has been ranging and generating liquidity for the FOMC to go smoothly and trap all sellers and buyers. We can right now see that the momentum is to the downside. I have annotated with a W1H what I think to be the potential Weekly high, so we can be expecting new Lower Lows from now on. The potential level to be reached is the W1/D1 low that I have been calling for a few weeks already during the Weekly outlook and setups. As for today, we can potentially have a bullish move during London and then a sell off during NY. I will share some entry zones as well now. Here is how I imagine the 15M to develop: Let me know what you think!
Short
by TradingFanatic
2
Likely Reversal on the 1h EURGBP ChartI just took a short trade on EURGBP which I hope will close during the London and/or New York sessions. Why did I take the trade? Price is moving within a parallel channel on the 1h chart and is most likely on its way down after having touched the top resistance zone A major bullish manipulation was followed by a smaller bullish manipulation (a.k.a. impulse moves). Based on these moves, I marked up a possible supply zone on the 4h (!) chart for the price to retrace back to, before continuing down Price action showed signs of weakness in the marked-up supply zone, breaking multiple consolidation structures. This signals a clear entry for me TP is set right before both the nearest major demand zone and the diagonal bottom support zone. SL is set a little above the now-established swing high. As always, let me know what you think of this trade idea! I'd love to hear your feedback.
Short
by GizzoFX
2
GBPJPY UPDATE - LONG OR SHORT?Here is an update on GBPJPY analysis I made a week ago. On 20th February 2021, I made it known that we need a confirmation to either go long or short. The present candle is forming a bearish pin bar which signals a sell order. Notwithstanding, we need a another candle to show a good confirmation of what to do. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills or have access to VIP, DM me.
by PetrockFxTrading
4
EURJPY - Next Target at 128.500This is the result of the analysis I made on 12th February, 2021. Price eventually broke out of the supply zone, retested and is going higher. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
Long
by PetrockFxTrading
Supply & Demand Zones Explained: A form of Support & ResistanceSupply & Demand Clusters are a form of Supply & Demand Zones and price can commonly find Resistance or Support on them. For those who are new to Technical Analysis ; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sell orders (Supply of asset) increasing from the latter. This makes them a great tool for finding exit or entry points for trades. The above images show how a Supply or Demand cluster is identified and drawn on the Cryptocurrency market charts. To draw and identify the Zones first we must find areas on the chart that look similar to a tightly squeezed together rectangle. Price should then make a "thrust" (major increase, or decrease in value) from this rectangular area. We use the Rectangle Tool to draw a zone across these areas. When price revisits them (as you can see on the bottom image) it tends to react to it; giving traders a opportunity to capitalise on these movement's. They also are a useful tool for gouging Risk & Price targets as when one Zone is "claimed" price tends to head towards the next like a magnet; so they become ideal take profit & SL (Stop Loss) areas. In this particular image we can see how ETH:BTC clearly had important price reactions to these areas; with the uptrend starting from the original Demand Cluster marked at the Bottom Left. As the Price Action progressed - each level was "claimed" until we saw a continuation upwards.
Education
by Worth_The_Ri5k