USDCAD Study Case 🧙♂️Intuition suggests price is likely to flow back up to the main weekly supply to clear out seller liquidity.
How we will get to that zone is another story.
I don't think we will push up to the zone from here. I believe price has lured buyers in after breaking the trendline marked.
So price is likely to do some manipulation to clear breakout buyers before flowing to our target.
I have done a rough illustration of what I am after but we will have to judge it as the price progresses.
I am wishing you all a fantastic trading week team!
Supply Zone
AUDUSD shortAlthough you could build a case for a bottom reversed H&S long. It's actually a short setup that I have in sight.
It's because it's a broken demand zone that became a supply zone and it had a significant local rally afterward.
So for me it's basically two setups in one. A supply zone and bounce zone, which could indicate a very strong zone for a correction or reversal.
It's of course if price can manage reaching these levels and not punches through. Nothing is curtain, just ideas and probabilities.
Bitcoin on the daily continued...As Bitcoin rejects off the key area it's following the prediction path line accurately so far over 2 weeks after the initial idea was published.
The 4H 200EMA has provided support once again and on the 1D 30EMA support has held. Due to this BTC still has a good chance of progressing in the bullish trend if this structure holds.
However, the overall trend switches from bullish to bearish after price falls below the 1D 200EMA & the red dotted trendline.
Personally I think the chop will continue going into the weekend without any crazy news effecting the market.
USOIL - Double TOP 📉The USOIL Price Touched the resistance level 🧐
Currently, The price is in Double Top Pattern !
i'm waiting for a breakout in the neckline 🔥
Then! we will see a bearish move 📉
TARGET 1 : 75.80🎯
TARGET 2 : 74.15🎯
.....
if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
EURGBP - New Breakout!1-The EURGBP price breaks the daily Support Level ,the old support becomes new resistance level ✔
2-The support Line is broken🔥
so, i predict a bearish move 📉
i'm waiting for a retest...
TARGET 1: 0.87690🎯
TARGET 2: 0.87400🎯
...
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
WTI-Oil 26th FEB West Texas Oil
Lets start this Sunday analysis off with oil...
Were looking at a bullish to bearish switch in order flow from last week, so coming into this week iam looking for our current bearish flow to carry over and continue.
Price is currently sitting in a supply zone so we could see a sell off from market open, of course we confirm our moves as price delivers (not before).
The overall goal for this is to follow bearish moves down into our larger areas of demand that you can see highlighted below, as always price will show you where it wants to go as we start to move into new areas.
Now... the plan for me is to look for shorts either from the supply we sit in currently or the supply that is shown above.
If this area is not met or does not deliver as we thought then we will look for long at our demand...
*note the small area of demand we have marked at our last low, this is an area of possible reaction so be sure to watch how we behave here... we could see a pullback or even short term reversal from here*
Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think.
As always guys trade safe, stick to your trading plan.
I hope you all have an amazing trading week.
GBPAUD I Potential short from supply zoneWelcome back! Let me know your thoughts in the comments!
**GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
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!