ETH - Who Wins This Battle? 🗡️What's up traders! In today's breakdown, we're taking a look at our favorite #2 crypto in Ethereum.
Let's dive right in...
Ticker: ETHUSD
Date: 04/19/23
Timeframe: 1H
Supply: 2044-2068 (1st red zone), 2116-2148 (2nd red zone)
Demand: 1924-1946 (1st green zone), 1826-1860 (2nd green zone)
Commentary:
Ethereum has created a big gap between these demand and supply levels. With Ethereum now pulled back down, this creates an opportunity for a healthier move upwards if we are to continue this rally.
We have just held demand at ~1920 earlier this morning and are attempting to hold it again. This level is a previous double top from a couple weeks and a week ago so it is an important level to look out for. We should not be shorting Ethereum until this level is broken to the downside.
With that being said, volume is currently accumulating on the downside so a break and retest of this level for further downside could well be a good play.
✅ Bullish Scenario 1: you want to see price hold this ~1920 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around 2050. This will be the safer upside play.
✅ Bullish Scenario 2: you want to see price hold this ~1920 demand, find strength, have volume build up to break the supply zone around ~2050, and then retest the ~2050 zone to possibly move into last week's high around ~2130.
🟥 Bearish Scenario 1: you want to see price break this ~1920 demand, retest, find weakness again and possibly move into last week's lows around ~1860.
🟥 Bearish Scenario 2: you want to see price find weakness again at ~2050 supply zone after holding this ~1920 demand for a move back into the ~1920 demand zone.
Supply Zone
Possible 30R Gold Long - Swing trade - Smart Money Concepts/ICT1. Price has come back to mitigate the 4H +FVG (Fair Value Gap) created on the 4th April, sweeping a PDL (Previous Day's Low) in the process to clean out the stop losses of anyone in early longs from this past week. This is an early entry signal and I have started to scale in with a scalp. (This higher risk trading, and not financial advice!)
2. Price has also retraced to a W +OB (Order Block)
3. We have SMT divergence with Silver, which has not swept the same low; another bullish signal in SMC (Smart Money Concepts) - although it would be better to have the SMT divergence with the previous structure than the current one as this is still unconfirmed (Silver can still make a lower low!)
ENTRY: ***IF*** price displaces/moves impulsively away now on the 15m timeframe, it can come back to fill the 15m +BPR (Balanced Price Range) left after the sweep of the 4th April lows. a 15m ChoCh (Change of Character) A.K.A. MSS (Market Structure Shift) would be ideal, but the last 15m swing high to be broken is a bit far away so the BPR fill is the alternative. This also lines up with the 4H +FVG which has a 4H +OB/Demand Zone below it.
I have placed my stop loss below the Pennant's rPOC (Range Point Of Control) for a peace of mind instead of the wick of the stop hunt.
I will post a zoomed in chart below.
Pharma pick - 1 (2023)After a needed correction in almost all pharma stocks now seems ready for a good upmove from here..
Keeping aside the company buisness and finance but the technical analysis (chart) seems to be buy from here as :
Will add only 2/5 total investment and will further add on depending on stock performance
Script: Wockpharma
Cmp 172
TGT 300+
Time period: 12-15 months
Stop loss below 135
Later on sl can be trailed further
Note : This is my personal view and not any recommendation to buy or sell the stock mentioned here it's just for educational purpose.
USO Up or Down OIL ECOMONY in fluxAs certain countries want to exchange oil for money with anything but USD such as Chinese Yen
or even a cryptocurrency to be launched by US neutrals or adversaries cooperating, USO on
this chart rose dramatically over the past month and is now sitting at resistance as shown by
the LuxAlgo Supply and Demand Zone indicator. The RSI shows possible bearish divergence
perhaps heralding a reversal of the uptrend. I see this as a good place to take a short sell
entry and most buyers have taken their profits. Fundamentally there are enough competing
geopolitical and macroeconomic factors to deprive USO of the energy to push through resistance.
See also the link below from US federal forecasters.
I see this as a short trade at a limit price below the resistance zone and stop loss above it.
Profit targets can be the VWAP, the midline between the supply and demand zones as a 50%
Fibonacci retracement of the uptrend and finally one standard deviation below the anchored VWAP
making for a safe three-tiered take-profit procedure to optimize profit and diminish risk also
adjusting the stop loss at intervals using ATR as a guide. 40% at each of the first two targets
and the remainder at the last. Put options 20-30 DTE at the a strike above the resistance zone
for a good delta are another consideration.
EURCADWill EURCAD give a second pivot to falling trendline?
We also have a short term supply zone (1.4760) around 2nd pivot.
Don't forget to share your reviews as well.
EURGBP - New Selling Opportunity!
Hello Traders !
On The Daily Time Frame The EURGBP Price Reached a Resistance Level ✔
The EURGBP Price Was Trading in a Bullish Structure but The Price Came Under Renewed Selling Pressure 📉
He Failed to Create New Higher High 📈
Currently, The Support Line is Broken🔥
So, I Expect a Bearish Move📉
----------------
TARGET 1: 0.87920🎯
TARGET 2: 0.87540🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
USDCHF SUPPLY AREA H4 USDCHF Supply Area in 4 Hour Timeframe. You can place
Sell limit @0.90150
Stop Loss @0.90660
Take Profit (1:2 RR) @0.89130
Bitcoin Short-Term 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 30487$
🟢Support Line 30191$
🟢Support Line 29346$
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
Swiss-Franc Retesting the Supply Area from 1979
1. On September 2022, Price bounced back off the Supply Zone from 1979.This event was a significant reaction to this are because this Supply was Original & Fresh,
2.meaning Original Supply zone was formed out of nowhere or wasn't based on previous Supply or Support/resistance technical aspects. And Fresh Implies This price area has never been tested and its of importance because it took 43 years fro Swiss Franc to reach this price area.
3. Price headed to test this Supply area of 1520.000-159.000 again,
1.Based on Weekly Chart , Price might pierced up to the 151-150 price area.
2. sellers were already shown there interest to sell the market from the 150 price area.
3. Its reasonable to wait and find convictions to sell in Daily Chart.
Note: It may take 2-4 weeks or even 2-3 months to initiate the Bear Rally.
CROUSDT - Short Scalp- Price creates buy-side liquidity (BSL) on the 1H TF
- Price rejects sharply downward after clearing buy-side liquidity, breaking multiple lows on the 5m
- Price re-enters the bearish imbalance on the 5m fair value gap and this is where we go short :)
- TP set to 1H sell-side liquidity with a tight stop loss just above the 5min FVG
USDCAD possible change in trendUSDCAD
Over the past month, the USDCAD has been in a steady downtrend. On Friday, we observed the swing moves and identified an internal high that could be used as a selling opportunity to continue the downward trend. However, due to recent market changes, we are now considering a potential shift in momentum towards an upward trend. This is because the market has shown a clear sweep of the low and a strong impulse to the upside, surpassing the nearest swing high moves. This suggests the possibility of a trend reversal. Therefore, we plan to sell into our extreme demand area and wait for a confirmation entry to further validate our assumption of a bullish shift in price.
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!
Inducement on GU What Gbpusd is currently doing,based on my understanding and years of experience,is inducing people to think it all set to go lower ,what is inducement? Inducement means getting people on the wrong or right side of the market way to early,that the simplest explanation I can give you folks that how I explain to my trading community... anyways back to business I would literally love to see it push back up to clear the buyside liquidity before actually dropping down ....stay safe guys ...trade safely
#Iamace #Acethetrader
Shorting on AUDUSD once it retraces back to the IFCOn AU I would love to see the market retrace back to the inefficiency which is at the premium zone ,from there I would love to go short .. anyways it Monday market and I don't trade on Mondays,I'll just let the market do it shenanigans..and if it doesn't retarces back to where I find ideal ,so be it more opportunities will come ,don't chase wrong moves ...always spot the liquidity before you become the liquidity......#Iamace #Acethetrader #Acetrading academy
EURUSD Forecast Navigating Supply and DemandIn our previous EUR/USD technical outlook, we discussed the possibility of the 1.0851 supply level turning into a demand level. On 10th April 2023, the price rejected this level, setting the stage for a push higher.
Chart Analysis: EUR/USD Resistance and Support
The daily EUR/USD chart shows the price reacting off the resistance zone around the 1.10422 level, with a support zone at 1.09098. If this support is invalidated, we can expect the price to test the next support at 1.07088. The 4-hour chart reveals a bearish divergence, and the 1-hour chart indicates a potential pull-back with the MACD below its zero line.
Economic News Impacting EUR/USD
The Euro will be affected by the ZEW economic sentiment and higher Euro Area inflation in the coming week. These factors, alongside hawkish ECB rhetoric, may impact the EUR/USD pair in the short term. The currency pair recently hit a yearly high of 1.1075, but a consolidation period may be needed before further upward movement.
Stay updated on the latest EUR/USD news and analysis by checking out real-time rates, interactive charts, and expert insights.
Upcoming Economic News
Keep an eye on the economic news scheduled for the week, including:
Mon, Apr 17: USD Empire State Manufacturing Index & EUR ECB President Lagarde Speaks
Tue, Apr 18: EUR German ZEW Economic Sentiment
Thu, Apr 20: USD Unemployment Claims, USD Philly Fed Manufacturing Index, USD FOMC Member Waller Speaks, and USD Existing Home Sales
Fri, Apr 21: EUR French Flash Manufacturing PMI, EUR French Flash Services PMI, EUR German Flash Manufacturing PMI, EUR German Flash Services PMI, EUR Flash Manufacturing PMI, EUR Flash Services PMI, USD Flash Manufacturing PMI, and USD Flash Services PMI
By monitoring technical analysis and upcoming news, traders can make more informed trading decisions in the EUR/USD market.
NASDAQ H4 Short ideaPEPPERSTONE:NAS100 H4 short idea . Approaching HTF range high with a wide stop. Entry 13100's, Take profit one at mid rage 12000's, Take profit two at 11000's, invalidation at 13600's. Will give some time for this to play out as TVC:DXY is rebounding off support 101's.
Bitcoin Short-Term 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 30221$
ⓢ Support Line 28580$
ⓢ Support Line 28216$
ⓢ Support Line 27867$
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
ADAUSDT Short Scalp - 30min- Price begins by forming a bullish imbalance
- Price creates buy-side liquidity (BSL) and then proceeds to clear this liquidity upwards
- Price then clears the lows of BSL, creating a change of character (CHoCH)
- Price proceeds downwards, then mitigates the 30m FVG
- After mitigating the small FVG, price wicks down, creating equal lows ($$$)
- Price then drives back up after claiming internal liquidity (L)
- We expect price to retrace back to supply and this is where we look for shorts as all of our confluences align
- SL is set to a few points above the supply zone with TP set to the bottom of the upwards retracement
NVDA High Volume Spike at Local ATHHigh Volume at NVDA at local high, to me indicating exit liquidity after q1 was over march 31st. NASDAQ:NVDA is breaking down, past its former trend support line. Sitting at a key Supply zone. Bearish Divergence on the MACD. MACD crossing 0, heading down on 3 hour. MACD emas are crossing on the 1 Day at a local high. This stock is trading at a P/E of over 100 in a bear market on speculation of AI bullishness. While this is not unfounded, they have had lower earnings for the last few quarters. I think a lot of funds were buying this stock before the quarter was over, and are now dumping it at such a high P/E in a bear market. I anticipate a drop down to 250, the 220; but probably not lower unless the AI narrative changes to public regulation necessity.
On a sugar high, owing to weak supplySugar prices have soared this year, up +21.6%1 owing to concerns about tight global supplies. Lower Indian supply coupled with weaker than expected output from Thailand, (at the second and third largest sugar exporters respectively) continue to provide a tailwind for sugar prices. While Brazil’s harvest in the coming months is expected to be strong, logistical hurdles owing to higher exports of soybean and corn could restrict supplies over the coming months thereby supporting sugar prices higher.
Net speculative positioning on sugar is 139% above the 5-year average2. Over the past month, short positioning has declined 16% highlighting the improvement of sentiment on the sugar market.
Weaker sugar supply from India
India is one of the largest exporters of white sugar, but shipments are controlled by quotas. The Indian Sugar Mills Association (ISMA) latest report indicate that Indian sugar production fell marginally to 28.2mt so far this season through 15 March3. ISMA cut its sugar production estimate for 2022/23 crop year to 33.5mn tons from 34.5mn tons on account of lower output and more use of sugarcane for biofuel.
Sugarcane processing in Maharashtra, the most important growing state, could end 45-60 days earlier than last year because heavy rainfall has reduced the availability of sugarcane. Sugar production in Maharashtra is likely to total a mere 12.8mn tons according to the chief of State’s sugar commission, nearly 1mn tons less than previously anticipated. Lower sugar output is raising concerns that the India government could restrict additional exports.
More use of sugar diverted to India’s Biofuel program
At the same time, Indian Prime Minister Narendra Modi is pursuing an aggressive biofuel program that will see more sugar cane diverted to make ethanol to help curb air pollution and reduce oil import bill. The biofuel program also lies in the interest of farmers by making use of excess local production and boosting their incomes. This season, the government plans to divert 5mn tons of sugar to make ethanol, up from 3.6mn tons a year earlier4. The eventual goal is to divert 6mn tons annually toward fuel production by 2025.
Lower sugar production in Thailand remains price supportive for sugar
Thailand’s Office of the Cane and Sugar board confirmed that Thailand crushed 93.88mt of sugarcane in 2022/23, lower than the initial estimates for more than 100mt of cane5. As a result, the bumper crop expected in Thailand is also falling short, resulting in 2022/23 total sugar output in Thailand will be at around 11mn tons (versus the 12mn tons expected earlier in the season)5.
Lower than expected output from Thailand combined with less supply from India remains price supportive for sugar. The front end of the sugar futures curve remains in backwardation yielding a positive roll yield of 2.9% reflecting tightness in the market for short term balances.
Logistical bottlenecks could restrict supply from Brazil
Looking ahead, progress of the sugar crop in the Centre- South region of Brazil remains a key headwind for sugar prices. Brazil sugar production is expected to be over 36.5mn tons in 2023/24, only slightly less than the all-time high of 38.4mn tons seen in the 2020/21 marketing year6. However, shipping Brazilian sugar could face delays in the Port of Santos as it competes with exports of other Brazilian grains such as corn and soybean. Road freight is also likely to face significant price increases. Santos terminals receive sugar and grains by trains and trucks. However, competition from transporting soybeans has been taking space away from sugar in train cars. Higher freight prices impact the margins of the mills.
Likelihood of El Niño, if realised, remains price supportive for sugar
With La Niña over, there is now a chance the Pacific Ocean surface could warm later this year and spark what is called El Niño. The US Climate Prediction Centre has raised the likelihood of an El Niño emerging between August and October to 74% from 61% a month ago. One common knock-on effect is higher precipitation volumes which would be positive for sugar prices over the medium term with fewer milling days and sugar production. El Niño could bring relief to drought parched areas of Argentina and southern US, but it could also lead to hotter and drier conditions in parts of Asia and Australia.
Conclusion
Restricted supply from India alongside lower supply from Thailand have helped sugar along its upward journey so far. Looking ahead, with the Argentinian soybean crop forecasts struggling in the face of the ongoing drought, we expect Brazil to do a lot of the heavy lifting by offsetting the shortfall in supply of both soybean and corn. This is why, logistical hurdles are likely to impede the supply of Brazilian sugar thereby supporting sugar prices higher over the medium term.
Would love to see the sell side liquidity taken out I would love to see the sell side liquidity taken out prior to the relatively equal lows where liquidity is resting below and it happens to be just below the discount zones... yesterday I and my community went long on GBPUSD/AUDUSD and eurusd ...if you have been following my shared ideas here I did say I would love to see the buyside liquidity on Gbpusd taken out ..well go look at your chart ..anyways stay safe guys ...
#Iamace #Acethetrader #AcetradeingAcademy
#GBPUSD + #DXYhello every body please watch the video completely
i tried to described little about macro economic ,then analyzing the #DXY then after that the # GBPUSD
Don't forget to comment your idea and then like if you really like and follow for more analysis from this week
EUR/USD Short-term & Longterm IdeasWhats up TV community. just want to share with you guys my view on EURUSD. From yearly Topdown to Daily.
We touched the Yearly Demand level & the 3Month Chart has a strong bullish candle which engulfed the previous bearish candle. (some bull signals) on Monthly timeframe we eliminated the last Supply CP and we created nice demand level with imbalance, which indicates more bulls kicking in. Now we jump to Daily timeframe and use our fresh demand levels to jump into the rally .
Never forget one major thing. Follow your trading plan. i am just sharing ideas. If something big happens with fundamentals technicals can change never forget that.
Enjoy your trading.
SOLPERP 1h WOW trade setupwell, I mixed S&D and price action and i saw this, in the end an idea came up and said why not?
