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Supply Zone

POSITION TRADING: SHORT AUDUSD. TARGET 0.64000TRADE TYPE: INSTANT ENTRY TRADE DIRECTION: SHORT TIMEFRAME: WEEKLY ENTRY PRICE: 0.67000 STOP LOSS: 0.69000 TAKE PROFIT: 0.64000 RISK TO REWARD: >1:1 ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high Follow this thread for any future updates regarding this specific trade. CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Short
by FX618Analysis
1
CVNA - Trending but volatileCVNA had broken out of its basing formation neckline (a region between $17- $20) on 8 Jun on huge volume. It hit a high of 28.52 on 16 June before pulling back to retest near the neckline @ 20, then rebounded again from there. IT's trend is in earlys stage yet with immediate suport @ 20. However be mindful that lower priced stocks tend to have huge volatility (both up and down). Hence it is important to position size accordingly or chose to exit if it pulls back beyond a certain % and wait for entry again once there are signs that the short term correction is over. Watch out for resistences on the way up around $42 and also around $53+. Also be careful around earning releases. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NYSE:CVNA
by Juliac
📉🔥 Bearish Breakout: Ethereum Double Top Spells Trouble! 🐻💥In the exciting world of crypto, a compelling bearish setup has emerged on Ethereum's horizon. The price action has given birth to a double top pattern, indicating a potential trend reversal. Moreover, this ominous formation has taken shape on a formidable supply zone, adding strength to the resistance level. With strategic analysis and careful observation, the optimal entry point for this bearish trade is identified here around 1870. As the bears gain momentum, the first take profit level is set at 1815, followed by a more ambitious target of 1740. Stay tuned as we closely monitor Ethereum's price action, ready to capitalize on this thrilling opportunity. Join the discussion and let's navigate the crypto waters together! 🚀🌕💎 feel free to share your toughts in the comment section. And dont forget to press the like button if you think this insight was helpful🚀
BITSTAMP:ETHUSDShort
by Thomas_Zito
3
MY TRADE TODAY 001BYBIT:DODOUSDT.P Hey guys I'm excited to show you my trades on these coins on a daily basis so to start it off today I'm looking to just simply follow the trend on the 15M timeframe on DODOUSDT I will be getting more into the day trading side of things instead of the swing trading side so I can be more active on here with everyone so sit tight and let me show you guys what i can do over a period of time. SO this is still a limit buy so sit tight and let it grab the bag!
Long
by fusfamily
USDJPY Trade SETUP H4The USDJPY closed at 143.70. Speaking of its resistance, the area around 144.06 will act as a resistance area. If a candle rejects from this level, you can open a sell position with a stop loss of 40 pips and target the support level at 142.20. I hope we can make a good profit from this trade. Disclaimer: The information provided is for educational and informational purposes only and should not be considered financial advice. Always consult with a professional before making any financial decisions.
by ShaaniReal
USDJPY - Getting Over-Bought ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDJPY has been overall bullish trading inside the rising broadening wedge pattern in red, however it is currently approaching around the upper trendline. Moreover, the zone 146.0 is a resistance zone. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. As per my trading style: As USDJPY approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
10
🔻🚨 Bearish Bombshell: Bitcoin's Epic Rally Under Threat! 💥🐻Crypto enthusiasts, pay attention! We have an intriguing bearish setup on Bitcoin in the 4-hour timeframe. This trade opportunity revolves around a strong upward impulse, breaking out of a descending channel and propelling price to new heights. However, it's time to explore the technical analysis and uncover the potential for a trend reversal. Following the breakout, Bitcoin's price has reached a supply zone where buyers are likely to take profits. However, a closer analysis of the volume during the recent bullish move reveals a concerning pattern. The ascent from 27,000 to 30,000 occurred with minimal volume, indicating a lack of substantial support in this price range. This observation raises a crucial point of interest (POI) where bulls and bears are anticipated to engage in a fierce battle. To reinforce the bearish setup, the presence of moving averages turning as potential resistance levels adds strength to th trend reversal. These moving averages act as dynamic indicators, influencing market sentiment and providing additional selling pressure. If broken, they could be some serious confirmation to this trade. Furthermore, the oscillator indicator signals that the current price movement is overextended, suggesting an imminent correction. This further supports the notion of a potential reversal from the current levels. So, how can we capitalize on this trading opportunity? One approach is to wait for the price to break below the POI, indicating a potential trend reversal. This breakdown would signify a shift in market sentiment and open the door for a corrective movement. With a target set at the liquidity pool area around 27,000, traders can potentially benefit from a 10% correction. Stay vigilant and closely monitor the price action as the setup unfolds. Effective risk management and timely execution of trades will be crucial in navigating this potential trend reversal. Prepare yourself for a possible correction in Bitcoin and be ready to seize the opportunities it presents. Remember, trade smartly and adapt your strategies based on evolving market conditions. Wishing you successful trades, profitable outcomes, and an exhilarating journey in the dynamic world of trading!🔻💰 Don't forget to press the like button if you think this insight was helpful🚀💪
BITSTAMP:BTCUSDShort
by Thomas_Zito
AUDCAD - BROKEN CHANNEL📉Hey Traders👋🏻 The AUDCAD Price Reached a Major Resistance Level (0.91064 - 0.90637) and Formed an Ascending Channel✔ Currently, The Price Reject To Create New Higher High, The Last Higher Low is Broken (Break of Structure) Moreover, The Support Line of The Channel is Broken! So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.88315🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Short
by Hsan_BenAhmed
4
✨ P2P INDi [PRO] ✨ TUTORIAL ✨1. Go to the 1D time frame 2. Open chart drop down menu and select Point and Figure* *Point & Figure below the 1D time frame is ONLY available to TradingView members that are subscribed to the Pro plan and above 3. Click on the SETTINGS wheel on the P2P INDi 4. Locate the DEFAULTS drop-down menu and select RESET SETTINGS 5. Click the INPUT tab 5. PIVOT PRICES (a) Identify price(s) nearest the Pivot High (PH) and the Pivot Low (PL) (b) Place those coordinates in the corresponding input box (c) Click OK (at the bottom right) 6. On the Tool Panel (to the left), identify Magnet Mode and turn it on (weak or strong) 7. PIVOT PLACEMENT (a) Drag the Pivot High line of P2P INDi and snap it on the corresponding X (b) Do the same for the Pivot Low line and snap it on the corresponding O 8. ANNOTATING TREND (a) Identify the trend shown on the Heads Up Display (top right-hand corner) (b) If the DOWNTREND (red) is displayed, remove all three Buy Order TPs (c) If the UPTREND (green) is displayed, remove all three Sell Order TPs 9. SET YOUR POSITIONS (a) Place Buy and/or Sell Orders at 2%-3% or less of your Net Asset Value (NAV) (b) If shaving, take 25% profit at the first two Take Profit (TP) prices. (c) Stop Losses should be equal to or beyond the PH and PL lines (d) If stop loss is greater than your risk tolerance: — lower your position size or — tighten your stop loss by bringing it closer to your entry DISCLAIMER: Please notice that we do not provide financial advice — our website, indicators, strategies, signals, and mentorship courses are all intended only to provide a community of support to anyone interested in improving their trading skills. Fx'tive HNW $olutions, Inc. is a California corporation that publishes products and services for developing trading indicators and strategies on demand, renting and selling proprietary indicators and systems, training, and coaching exclusively intended for Daily₿read Subscribers ONLY. 1. INTELLECTUAL PROPERTY The proprietary indicators, strategies, and content developed by the T.E.A.M. (FRIDAY, P2P INDi, P2P INDi, TEMASHA, The Library, Specialty Lesson, and other utility scripts or educational information), the object of intellectual property rights are and remain the exclusive property of Fx'tive HNW $olutions, Inc., at the exclusion of images and videos and texts free of rights or provided by Fx'tive HNW $olutions, Inc. or external legal or physical person. No assignment of intellectual property rights is carried out through these Terms and Conditions. Any total or partial reproduction, modification, or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of Fx'tive HNW $olutions, Inc. 2. RESPONSIBILITIES You declare to know the principles and risks of the financial markets. Therefore, you swear that you know the financial risks involved in trading. In this sense, the directors, employees, stakeholders, and partners of Fx'tive HNW $olutions, Inc. can not be held responsible for errors, omissions, inappropriate investments, technical problems, events beyond our control, and, more generally, financial losses that you may realize, or results obtained in the practice of trading resulting from the services or products it markets. 3. RISK WARNING Trading involves a high level of financial risk and may not be appropriate because you may experience losses greater than your deposit. In addition, leverage can be against you. Do not trade with capital that you can not afford to lose. You must know and understand all the risks associated with the market and trading. We can not be held responsible for any loss you incur.
Education
by ProfessorCEWard
2
XAUUSD IS DOING STEP BY STEP BEFORE THE SHORT XAUUSD is showing a bearish trendline that has pushed the price down to the 1925 area. The market has left a significant amount of liquidity/inefficiency between 1930 and 1960, which the price is likely to revisit in the coming days before bouncing back towards the 1960 zone. In that area, we have a supply zone, but there may be a false breakout of the trendline before the price descends to the 1930 zone. This area represents a demand zone and will be our last consolidation zone before initiating a short position with a target of 1880. We would appreciate it if you could share your analysis. Regards, Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSDShort
by Forex48_TradingAcademy