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Supplydemandanalytics

EURCAD BULLISH TREND CONTINUATIONHI TRADERS HOPE YOU ARE DOING WELL. THIS A BULLISH TREND CONTINUATION SETUP FOR THE EURO CANADIAN DOLLAR. FUNDAMENTAL BIAS: .WHEN WE LOOK AT THE COMMITMENTS OF TRADERS REPORT THE INSTITUTIONS ARE SHORT ON CANADIAN DOLLAR & LONG ON EURO TECHNICAL BIAS: .THE PRICE MADE A FULL CYCLE OF 5 WAVES --> END OF THE BEARISH CYCLE PRICE ENTRY ZONE: .TWO DEMANDS ZONES LOCATED AT THE LOW OF THE SUPPLY AND DEMAND CURVE .THE FIRST ZONE IS AT 61.8 FIBONACCI RETRACEMENT .THE SECOND ZONE IS LOCATED AT THE BASE OF THE LAST BULLISH IMPULSE WAVE WARNING: .THE PRICE DIDN'T CREATED A HIGHER HIGH .THE PRICE NEVER BROKE OUT OF HIS BEARISH CHANNEL .PRICE ONLY RETRACED TO THE 50% RETRACEMENT FIBONACCI FROM LAST DAILY TIMEFRAME IMPULSE THIS COULD BE A NICE SETUP, BUT IT WOULDN'T BE AN A+ SETUP. I WILL LIKELY WAIT FOR THE CREATION OF A HIGHER HIGH BEFORE TAKING THIS TRADE. CORBEAU
Long
by Corbeau_FX
CADJPY | END OF CONSOLIDATION |BULLISH IMPULSE ON THE WAY ?LAST WEEK WAS PRETTY BORING FOR CANADIAN DOLLARD /JAPENESE YEN. WE WERE IN A CONSOLIDATION PHASE. MY BIAS FOR THIS PAIR IS THE SAME AS LAST WEEK I AM STILL BULLISH ON THIS PAIR. TONIGHT, WE SAW A STRONG PUSH FROM THE BULLS AT THE MARKET'S OPENING, WHERE WE BROKE THE PREVIOUS WEEK HIGH. IF I SEE A NICE PRICE ACTION CONFIRMATION IN THE M15 DEMAND ZONE, I WILL TAKE BUY AT THAT ZONE THAT ORIGINATED THE BULLISH IMPULSE, WITH A TP AT 81.000. **HOWEVER, IT COULD ALSO BE A BULLISH TRAP, WHERE THE PRICE PUSH THROUGH LAST WEEK HIGH TO INDUCE BUYERS AND TAKE OUT LIQUIDITY. BE AWARE** NICE TRADING WEEK TO Y'ALL PREVIOUS WEEK IDEA:
Long
by Corbeau_FX
AUDNZD REAL DEAL OR TRAP ? BEARISH REVERSALHI HOPE YOU ARE DOING WELL ! I JJST SAW THIS MAYBE DOUBLE TOP FORMING ON THE H1 (MORE VISIBLE ON M15) AT THE PREVIOUS SWING HIGH. THERE IS ALSO A BEARISH DIVERGENCE. HOWEVER, IT SEEMS TOO GOOD TO BE TRUE AND I WOULD BE AWARE BEFORE TAKING THIS TRADE. AS WE ALL KNOW THERE ARE A LOT OF STOP-LOSS = LIQUIDITY ABOVE RECENT HIGHS SO I WOULDN'T BE SURPRISE TO SEE A STRONG PUSH TO THE UPSIDE TO TAKE OUT THIS LIQUIDITY ZONE AND THEN A BEARISH IMPULSE TO THE DOWNSIDE. OR IT COULD JUST BREAK THE NECKLINE OF THE DOUBLE AND CREATE AN IMPULSIVE BEARISH WAVE
Short
by Corbeau_FX
2
BTCUSD - Price Stability is here - What is next ?Since my last publication back in April , price has performed pretty much as expected. We did close a little above the 9.2K level at the end of May, but we could consider that within the error margin. This month we attempted to break higher, but 10K seems like a hard stop and by now we are back below the 9.2k key level. Bitcoin price is very stable as we have been trading in the 6.4 - 9.2K range for the last 10 months. The global economy is still suffering because of the COVID-19 crisis though and it does not seem that a recovery is anywhere near, despite all stimulus from governments. Bitcoin has been proven very correlated to the stock markets since the March crash and I don't expect that to change anytime soon. So what is up for the coming months ? The effect of the supply shock is not felt yet in the BTC markets despite a lot of OTC buying. As far as the Plustoken BTC stash, I understood they still should have around 22.000 BTC to get rid of and everytime price comes near the 10k level we see a good sell off which indicates that they do not want to sell at any price. So, if the stimulus continues and the market continues to react as they have done in the last couple of months, we can expect price to continue ranging within a narrow band, and everytime we come near 10K see a bunch of BTC dumped on the market until they run out of BTC to sell. With the OTC buying continuing we probably can expect the OTC exchanges to run out of BTC sooner or later as well, and at some point this year they might have to replenish. Q3 starting the day after tomorrow and keeping the above in mind, it looks like we'll have to wait till Q4 2020 or even Q1 2021 before we see the start of the rally and a breakout above 10K. But hey, this is bitcoin, anything can happen ! :) What are your thoughts ? Let me know what you think in the comments below. Oh, and if you think this analysis is useful, a like would be appreciated :) #staysate #tradesafe
COINBASE:BTCUSD
by Nico.Muselle
8