Introducing the Responsive Supply and Demand IndicatorIn this comprehensive tutorial, Stock Justice offers an insightful walkthrough of the enhanced Supply and Demand Indicator. We delve into the tool's advanced features, demonstrating its capacity to identify pivot points across multiple timeframes, its customization options, and ways to interpret its outputs. The video provides valuable guidance on how to navigate the settings of this powerful tool, from plotting circles and lines to adjusting the number of ranges to be analyzed. By the end of this tutorial, users will better understand how to utilize the Supply and Demand Indicator to optimize their trading strategy and make more informed decisions.
Supply Zone
GBPUSD short setupHey traders! Ok so here is what I'm looking at going into London session today...
GBPUSD reacted from origin supply on 15M. Confluence with 4H supply. I took a long trade into this zone yesterday, which hit TP pretty quickly (wish all trades were that easy haha).
Here and now...looking for shorts after a pullback into premium of this bearish drive and the last buy-to-sell prior to the impulsive move. My only hesitation is the resting buy-side liquidity above the recent highs. I would really like to see this liquidity taken out and then take a trade on lower TFs (1-5M) after a Change of Character or Break of Structure.
Target for my shorts is the bottom end of the 15M range at 1.24428. If we get there prior to a pullback into my point of interest, I will re-evaluate based on new structure.
Happy trading!
GBPUSD 14TH MAYThe British Pound to US dollar is exhibiting a similar trend to the charts we previously analyzed. The smaller time frame swing moves have broken down, indicating a bearish shift in the order flow. We have identified a small gap above previous price action and a small gap below our most recent swing low, leading us to believe in the possibility of a short-term retracement bringing us back into the zone above before continuing downwards towards the liquidity highlighted on the left. We plan to follow this pair in the same manner as the previous two pairs, catching some very nice sell moves off of it as it delivers bearish ranges. We will be looking for a weekly high to form around Monday or Tuesday before following this bearish trend further down into the lower liquidity pools. However, if the pair decides to continue bearish without retracing, we will follow the order flow. As always, refer to the DXY to understand the general market direction.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
EURUSD 14TH MAY
Here is our four-hour chart for the EUR/USD pair. Following a similar narrative to the gold chart published earlier today, we are anticipating a continuation of its bearish movement down based on the larger timeframe swing moves visible in this image. We are looking for a possible retrace to occur from the major swing low highlighted in the chart or a complete blow-through of that level, which would lead us into historical liquidity and an overall gap present on the daily timeframe.
We will be looking for continuations in our bearish ranges, but we will allow for the last short-term swing high highlighted in our chart to be taken for the gap above to be filled. Please note the purple zones that we have highlighted; these are areas where we're looking for reversals in trend.
Regardless of whether we experience a bearish or bullish gap, we will follow the order flow with this pair and hopefully pick up some nice continuation trades to the downside. If we do reverse, we will follow the order flow with that and continue to buy this pair into its overall narrative.
However, as stated in the Gold analysis, the DXY is showing some signs of bullishness, so we will be paying attention to what price shows us in the first sessions of the week. We are looking for a weekly high to be formed around Monday or Tuesday, as stated in the Gold analysis, and we will look for a bearish continuation from that point.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Unlocking Profit Potential: Why I'm Holding Out for a Prime BuyiThis week, an opportunity has presented itself for a potential buying position on the GBPUSD pair. Two prominent trading setups - the Bullish Shark Pattern and the AB=CD pattern - have emerged, signalling a potential bullish trend.
While I hold a bullish bias due to a previous break and close above resistance on the weekly chart, I exercise caution and wait for confirmation from candlestick patterns before entering the trade.
This strategic approach ensures that I make informed and calculated trading decisions.
XAUUSD 14TH MAR Hello everyone! It's great to be back with our weekly analysis for the gold market. Last week, we successfully played out of the supply zone we identified for sells and we're now seeing price break down. There is currently only two small gaps left to be filled, with one being in the area we marked as *gap to be filled*, This gap represents an imbalance between the last impulsive shift from our previously created swing low and the newly formed bearish range. We expect price to fill this gap before any potential bullish shift.
Furthermore, we've noticed liquidity around the most recently formed swing low and an imbalance sitting directly below it, which leads us to believe that there could be a potential bearish sweep before continuing with the overall bullish trend. While we know that this pair is overall bullish and has a fundamental narrative behind it, we're going to follow the order flow that is being shown to us directly.
Last week, we successfully followed the pair bullish and then bearish, resulting in clean trading ranges. Moving forward, we're looking for price to continue its bearish narrative with the weekly high being formed on Monday or Tuesday, leading to a bearish week ahead. From that point, we'll be looking for the gap area we highlighted for a potential bullish break to the upside. We'll then look to follow this bullish trend into the overall continuation of our larger timeframe trend.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Potential reversal Outlook on GBPUSD:
last week we managed to catch the drop of the pair two times exceeding 150 points.
looking at the pair we se that it has not managed to break above the resistance line. Now we see a reversal pattern rebounding off a key supply zone. Our view is still bearish but we will wait further confirmation before entering any trade.
If price closes below 1.26238 , we will look to enter a short position targeting 1.256. Closing below it could take us to test the demand area between 1.24373 and 1.24489.
Litecoin - Scenarios To Watch 👀What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the Litecoin 1H chart.
Let's dive right in...
Ticker: LTCUSDT
Date: 05/12/23
Timeframe: 1H
Supply: 83.82-85.24 (1st red zone), 89.07-89.86 (2nd red zone)
Key zone: 81.41-82.00 (grey zone)
Demand: 75.18-77.74 (green zone), 65-67.58 (green zone)
Commentary:
LTCUSDT seems to be one of the few cryptos that have established a low on this move down and continues to respect demand down at these lows. This means it could be one of the tickers to play now that we have established new demand and supply levels.
Currently it seems to be respecting this ~82 level grey zone as supply but if this 75.18-77.74 demand holds up it is only a matter of time that this zone gets broken. There are a few trades we could target from here:
✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~75.18-77.74 and buyers to emerge again for an upside move, possibly into ~81.41-82 key zone or higher into supply at ~83.82-85.24. This is the safer upside play.
✅ Bullish Scenario 2: you want to see price break above ~81.41-82 key (grey) zone, pull back to retest this zone and turn it into demand to catch a break and retest for a further upside move, potentially into supply at ~83.82-85.24.
✅ Bullish Scenario 3: you want to see price rally and break both this key (grey) zone and supply level at ~83.82-85.24, pull back to retest ~83.82-85.24 zone and turn it into demand to catch a break and retest for a further upside move potentially into next supply at ~89.07-89.86.
🟥 Bearish Scenario 1: you want to see price approach this key (grey) zone at ~81.41-82, sellers to regain control as they have done since Wednesday this week, and possibly catch a retest of this zone into demand at ~75.18-77.74 again. This will be the safer downside play if it sets up soon.
🟥 Bearish Scenario 2: you want to see approach supply at ~83.82-85.24, show weakness, possibly retest this zone and reject again for a move down into the grey zone or further down into demand.
🟥 Bearish Scenario 3: you want to see price break below demand at ~75.18-77.74, pull back up to retest and turn this zone into supply for further downside into March lows. There is a demand zone at ~65-67.58 so be cautious of that.
That's all we got for you in this one.
So what do you think? Are you bullish or bearish?
Let us know in the comments below!
We'll see you in the next one.
-The AlgoBuddy Team
CADCHF - BEARISH TRIPLE TOP📉Hello Traders👋🏻
The CADCHF Price Reached a Supply Zone ✔
The Price Failed To Create New Higher High📈
Currently, CADCHF Formed a Triple Top Pattern ✔
The Neckline is Broken 🔥
If Price Stays Under The Key Zone, CADCHF Can Continue The Bearish Move 📉
-----
TARGET 1: 0.65795🎯
TARGET 2: 0.65365🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Ethereum - 6 Possible Scenarios 🧠What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH 30m chart.
Let's dive right in...
Ticker: ETHUSDT
Date: 05/10/23
Timeframe: 30min
Supply: 1875-1890 (1st red zone), 1915-1935 (2nd red zone)
Demand: 1780-1820 (green zone)
Commentary:
Major crypto as of 4PM ET stands exactly where it was before CPI data. Crypto has mainly followed the futures (ES and NQ) with price action today - rejecting supply levels to test major demand and then rallying back to break supply levels.
If major crypto is to continue following the futures, we are to see continuation on this move up. With the major pullback that we have seen since last Friday, the risk to reward also favors bullish bias.
With that in mind, however, we need to be option to trade all sides and there are a few scenarios we could target from here:
✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1780-1820 and buyers to emerge again for an upside move, possibly into ~1875-1890 supply or higher. This is the safer upside play.
✅ Bullish Scenario 2: you want to see price break above ~1875-1890 supply zone, pull back to retest this zone and turn it into demand to catch a break and retest for a further upside move, potentially into supply at ~1915-1935.
✅ Bullish Scenario 3: you want to see price rally and break both supply levels, pull back to retest ~1915-1935 zone and turn it into demand to catch a break and retest for a further upside move potentially into last weekend's highs.
🟥 Bearish Scenario 1: you want to see price move up and approach supply again at ~28650-28890, sellers to regain control and possibly catch a retest of this supply zone into demand at ~27660-27960 again. This will be the safer downside play.
🟥 Bearish Scenario 2: you want to see price break demand here at ~27660-27960, retest and turn this demand into supply, and find weakness again for a move into ~26500-27000 demand.
🟥 Bearish Scenario 3: you want to see price break demand at ~26500-27000, retest and turn this zone into supply for a further downside move into ~25300.
That's all we got for you in this one.
So what do you think? Are you bullish or bearish?
Let us know in the comments below!
We'll see you in the next one.
-The AlgoBuddy Team
EURAUD - Support Becomes Resistance📉Hello Traders👋🏻
On The Daily Time Frame The EURAUD Price Reached A Support Level (1.63148-1.62212) !
Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level)
If Price Stays Under The Key Zone,
EURAUD Can Continue The Bearish Move📉
-----------
TARGET: 1.60700🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
will the cable trade higher when BoE increases rates .. 1.30000?gbpusd , great british pound / u.s. dollar (the cable)
economic outlook :
on May 11 2023 the BoE is meeting and it is expected that they will hike the interest rates and even though on May 3 the Fed are also expected to lift rates there is a interest rate differential as the Fed are also planning to pause raising interest rates which could signal the british pound outperforming the u.s dollar.
more positive for the sterling as, the united kingdom government is said to have borrowed less that expected which means there will be a fiscal stimulus that could add more bullish momentum on the cable.
technicals :
price has been trading is consolidation phase with the psychological low of the sideways range @ 1.19000 and the high @ 1.24500.
bullish momentum is in control of price as price is respecting and holding bullish trendline by trading above it and is trading above the high of the consolidation phase @ 1.24500.
i have targets at weekly supply level of proximal price @ 1.27800 but overrall bullish targets @ 1.30000
supply and demand
FX:GBPJPY
put together by : Pako Phutietsile
presented by : @currencynerd
courtesy of : @TradingView
Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.
When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin
🔴Resistance Line 29708$
🔴Resistance Line 29343$
🔴Resistance Line 28980$
🔴Resistance Line 27704$
🟢Support Line 27357$
The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.
Thank you for reading my poor analysi
GBPUSD sell setupgbpusd is currently tested its very strong supply area which is also an strong resistance zone
we are looking for a sell on the gbpusd
look for bearish confirmation on lower time frames and sell gbpusd with your own money management
always remember that discipline is the key to become successful in financial world
#APOLLOHOSP LOOKING AT GIVEN LEVEL#APOLLOHOSP... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Big Brain Bitcoin Analysis 🧠What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the BTC hourly chart.
Let's dive right in...
Ticker: BTCUSDT
Date: 05/08/23
Timeframe: 30min, 1H
Supply: 28650-28890 (1st red zone), 29770-30040 (2nd red zone - strong supply)
Demand: 27660-27960 (1st green zone - trading here currently), 26500-27000 (2nd green zone - strong demand)
Commentary:
Cryptocurrency as a whole seems to be consolidating since mid April. We have been trading between ~26500 and ~31000 for the most part since this time.
Bitcoin has pulled back into high 27k and is now trading inside our demand zone of ~27660-27960. Bears need to be cautious of the demand zones we are now approaching. The risk to reward is currently on the upside. There are a few trades we could target from here:
✅ Bullish Scenario 1: you want to see price pull back into the strong demand zone ~26500-27000, buyers to emerge again, and possibly catch a retest for an upside move. This is the safer upside play.
✅ Bullish Scenario 2: you want to see price trade above this ~27660-27960 zone, retest this zone and validate it as demand to catch a retest for an upside move, potentially into supply at ~28650-28890.
✅ Bullish Scenario 3: you want to see price rally and break supply at ~28650-28890, pull back into it to turn it into demand and find strength again for a move into next supply at ~29770-30040.
🟥 Bearish Scenario 1: you want to see price move up and approach supply again at ~28650-28890, sellers to regain control and possibly catch a retest of this supply zone into demand at ~27660-27960 again. This will be the safer downside play.
🟥 Bearish Scenario 2: you want to see price break demand here at ~27660-27960, retest and turn this demand into supply, and find weakness again for a move into ~26500-27000 demand.
🟥 Bearish Scenario 3: you want to see price break demand at ~26500-27000, retest and turn this zone into supply for a further downside move into ~25300.
That's all we got for you in this one.
So what do you think? Are you bullish or bearish on BTC?
Let us know in the comments below!
We'll see you in the next one.
-The AlgoBuddy Team
XAUUSD 7th mayThis week, the gold chart has surpassed the last major swing high, indicating a potential for higher prices, especially given the bullish fundamentals. We have identified the latest range using yellow dots and observed a significant amount of liquidity around and under the latest swing low. Therefore, to avoid becoming part of this liquidity, we will be cautious with our stop and entry. However, we must confirm by closing below the range low labelled on our chart.
Additionally, we are monitoring the higher area for a possible counter-trend sell move, with confirmation entry only, and using the swing or major highs as our stop-loss protection.
The large levels of imbalance both higher and lower suggest that shifts are likely to occur. As always, we will wait to see how the market behaves in the first session of the week.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
*PURPLE ZONES ARE TO BE WATCHED FOR SMALLER TIMEFRAME SETUPS*
Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.
When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin
🔴Resistance Line 29729$
🔴Resistance Line 29371$
🔴Resistance Line 29083$
🟢Support Line 27832$
🟢Support Line 27176$
The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.
Thank you for reading my poor analysi