GBPAUD I Potential short from supply zoneWelcome back! Let me know your thoughts in the comments!
**GBPAUD Analysis - Listen to video!
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Supply Zone
EURGBP potential reversal zoneHi;
EURGBP has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
EURUSD 27-2-2023Euro is getting weaker and for now, i have a bearish bias on HTF
LTF looks bullish and we can see some up moves where to can profit from
B stands for balanced price
we can use this for where price needs to come, to continue the trend
in this case, it balanced price but I can go for a second round!
Might Dollar Rallied And Reached Supply ZoneWhen the mighty dollar weakens, what is to follow for the markets? hmm, hmm, hmm.
Daily Chart clearly shows a rally into the supply zone . I'd say 1-2 more daily candlesticks before a retracement happens but first it may attempt to reach another high before getting rejected below the supply zone . I wont doubt that supply zone will break the next attempt at it but that wont be for awhile. let's worry about right now before the dollar strengthens again. We use this analysis and it allows us to have a foresight into the trend of other market instruments.
ALWAYS DUE DILIGENCE!
SWING TRADING: LONG EURUSD. TARGET 1.11500TRADE TYPE: INSTANT ENTRY LONG
TRADE DIRECTION: LONG
TIMEFRAME: DAILY
ENTRY PRICE: 1.06350
STOP LOSS: 1.040000
TAKE PROFIT: 1.11480
RISK TO REWARD: >1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.
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
Aggressive Shorting Opportunity within the Sell ZoneAn aggressive shorting opportunity present itself within the sell zone.
Shorting is consider trend trading in this trading setup, so why does it consider as aggressive?
That is because the market is now traded on the tip of the box. It presents the Best Profit Factor(Reward:Risk) but in the most risky setup(very close in breaking the Sell Zone).
One can choose to stay out of the trade.
SWING TRADING: SHORT USDJPY. TARGET 126.800TRADE TYPE: INSTANT ENTRY SHORT
TRADE DIRECTION: SHORT
TIMEFRAME: DAILY
ENTRY PRICE: 134.750
STOP LOSS: 136.350
TAKE PROFIT: 126.800
RISK TO REWARD: 1:5
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / 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
4 Hour Outlook on WTI Crude OilOverall Oil is currently ranging. This is clearly seen on the daily chart. Here on the 4 hour chart I am seeing a potential short setup. We have a nice strong bearish move - breaking structure creating a potential supply zone. We have a possible pinbar at a level worth watching. However I am going to wait for price action signal to the downside within the supply zone I have highlighted in grey. Price has been retracing from this bearish move down, and currently showing us selling pressure. This can often times be manipulation and then quickly touching back into the supply zone before making the real move.
USOIL (CRUDE OIL) PERFECT BEARISH SETUPTVC:USOIL
HI , TRADER'S .. AS YOU CAN SEE HEAD & SHOULDER PATTERN IN 4HR TF
Price is making beautiful bearish H & S , Price is completing right shoulder and reaching Neckline
Neckline or support line is near 72.90 , once market breakout from neckline and retest it
Sell entry can execute after retest , Target will be 64.00
Trade with proper risk management
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