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Supply Zone

GBPUSD 10/3/24GU ran major highs on Friday, and we have seen that the markets what higher prices so we of course will follow this rally as we have from the major lows at 1.25400. The ideal move for us here is the price to pullback into a lower areas and give us a nice long move out of said areas, we have seen a pretty big shift into our highs without pullback so this is what we are looking for, 50% pullback move lower to the demand that broke the highs and caused our HTF BOS and sweep of the same highs. lets see if we are lucky enough to get this i am also looking for some low risk shorts from the liquid move that we have just seen take out the 4HR highs. lets watch what price does and then act accordingly!
by PipSurfingSociety
US BULL RODEOI expect US30 to continue its path up, which would mean respecting HTF Demand and disrespecting supply once HTF demand is respected! We can not see any strong bearishness which is a good sign of bullish, we can expect this bearish order flow to be a retracement after an impulse move to the upside Confluences for US 30 - Very bullish price action - Disrespecting supply - Strong pushes to the upside and weak pushes to the downside - Accumulation in Demand zones - ASIA LOWs being mostly swept and leaving liquidity at the top
OANDA:US30USDLong
by MANSNOTHOT1
1
GBPUSD Pullback Pending (1.29500 back down)My bias for GU this week is centered around anticipating a pullback to address the imbalances left behind. This week has witnessed a significant bearish trend for the dollar, leading to increased bullish pressure on GU. Given this scenario, it's evident that price hasn't experienced a healthy pullback yet, which is overdue. Therefore, I'll be patiently waiting for price to reach my 8hr supply zone, where I anticipate a wyckoff distribution to form. Once I receive confirmation on the lower time frames, I'll initiate sell positions. However, if price decides to drop before reaching the supply zone, I'll consider buying opportunities from the 6hr demand level back up to the designated supply zone. Confluences for GU Sells are as follows: - Price overall on the higher time frame like weekly and monthly is still bearish. - Bullish pressure has been excessive and its due for a pullback. - Nice supply zone on the 8hr that has caused recent break of structure. - Lots of imbalances left below left from NFP event that needs filling. P.S. Given the premium level of this supply zone, I prefer to observe price action slowing down. However, I'll exercise caution and focus on trading opportunities primarily on Monday, Wednesday, and Friday. Tuesdays and Thursdays are notably packed with significant economic events such as CPI & PPI. Have a good week traders and preserve capital on those days!
Short
by Hassan_fx
3
📈 Aave's Weekly Analysis: Potential Breakout from Prolonged Con🔍Aave's price action in the weekly timeframe indicates the possibility of breaking out of its 658-day consolidation phase, potentially initiating an upward trend. ✅After breaking its trend line, the price has surged by 100%. Although it faced rejection from the 110-120 supply zone initially, a second attempt with significant volume and bullish candlestick patterns suggests a breakthrough. ⭐️The recent candlestick closure above this zone also validates the bullish sentiment, supported by Dow Theory principles. 💥Furthermore, the RSI oscillator entering the overbought zone indicates potential upward momentum, while the SMA25 indicator, alongside the price action, has bounced back after rejection from the supply zone. 🛒For investors considering adding Aave to their portfolio, setting a stop-loss at a minimum of $82 or a more conservative approach at $52 is recommended. As for targets, holding until the all-time high (ATH) could be a strategic option. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
1
Bitcoin Analysis: Correction or Continuation?📈✅Bitcoin is the largest cryptocurrency by market capitalization. It has been on a bullish trend since the beginning of the year. 🔍Bitcoin has broken out of the primary resistance at $30,750 and has started a new primary trend. The price is currently in a very important supply zone near the ATH and we can expect a correction or pullback. 🚀The ascending channel has been broken from above and the price is continuing its movement with a curved trendline. The target of the channel is between $85,000 and $90,000. 🛒If the price starts to correct from here, we can wait for confirmation of the price for buying in the ranges of $42,500 to $45,000 and $35,000 to $37,000.However, if the resistance at $69,000 is broken, we should wait for it to start correcting and enter the correction. 🗯The RSI oscillator is also in the overbought zone and is facing resistance at 88. It may come out of the overbought zone, however, if it can break its resistance, it can move up to 95, in which case the price is likely to hit the channel target. 📊In terms of volume, it has increased after breaking $30,750 and is confirming the trend. 💎If you have bought Bitcoin from the lower levels, I suggest you wait for it to react to the resistance and if it rejects and makes a heavy red candle, you can take profit. If the supply zone is also lost, you can still hold. 🧠💼 This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
GBPUSD These are the zones I will be looking for in GU! GU has not shown me any strength to the upside lately, so as long we are respecting the supply and demand zones we can sell and buy. The week is gonna show us some potential moves based on the news from the dollar. So respect the news, check the data and the zones, and trade outside the news. News can bring both good and bad trading conditions. Remember to stay disciplined and don't try your luck instead try your edge! If you do that, the results can be rewarding!
by MANSNOTHOT1
1
GOLD Bull trainWe can see that gold seeks the buysideliqidity, which would mean some bullish pressure. I have these demand zones that would be premium buys, but we also have to consider the huge imbalance price created this past friday! Confluences for buys is! - Gold is very bullish on the higher timeframe and we have predicted it to smash some new highs in the future! - Gold recently took out the all time highs and then had a retracement that we now see has turned bullish again. - Gold nicely reacted to 4h demand zone and then turned bullish - Gold has been sweeping old highs liq
OANDA:XAUUSDLong
by MANSNOTHOT1
6
AUDNZD Short idea - Diviregence 1H Time frameAfter a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual position
Short
by kidagaka123
1