Get started

Supply Zone

#ES_F Friday 1.27.23 Overview Review of 1.26.23: Last night Globex opened and found support on our TPOC location from Monday-Tuesday right above our 4030-25 level. We used the volume from morning data to run the stops over 4046 and get us up against our resistance before RTH Open. RTH opened with the stop run over ON High into Supply area where we found our sellers which took us down and broke morning support but inability to break 4030-25 gave us clues that we have buyers below and we can see that below us on the left that we might have trapped some shorts on yesterdays move back out. We took in all of the supply above and made another run, I assume they might have waited until the end of the day to run it because we had so much supply above, even the push over it was slow and grindy which doesn't mean its weak but to me says lots of sellers and the buyers are just the unwilling shorts getting bought in. Besides the slow and grindy action levels held very nice and targets were hit, in the morning started thinking they might have the juice to get over 84 but with them having to first flush out supply was not enough gas but we hit 77.25 almost to the tick. Overview for 1.27.23: We will have to see how Globex will set up before PCE Tomorrow but we are now in area of supply, our bigger time frame level above is 4084-4123 which is our pocket of resistance and supply. Since we are up here and covering they might need more liquidity to get covered and with tomorrows data they might try to use that to make a run at it. Depending on how they will play it out I think we can have a very tricky day because we are currently over T2 high, over Monday high but we are within range and willing buyers might be running out, do we flush everyone lower, trap shorts and use that to head over 4084 into supply, do we build a base here get over it and head for that then flush it back down? lots of questions for tomorrow and might be a difficult day. We have our potential support under 4061-56 and 4046-42 levels if we make a run for higher supply area and fail there and start taking out those supports the flush can can be big to the downside. Letting things open and show the way might be a smart thing to do tomorrow; Levels to Watch: Resistance : 4143-37 // 4123-4119 // 4103-4099 // 4084-77 Potential Support 4046-42 // 4030-25 // 4013-08 // 3994-89 Area to watch is 4061-56 and 4084-77 Tonight and RTH Tomorrow IF we do happen to get a big move down, better support areas below are 3957-53 // 3944-40 Which is our T2 Low area
CME_MINI:ES1!
by HollowMn
2
FTM / USDT 1D Interval - Support and ResistanceHello everyone, I invite you to review the FTM chart in pair to USDT, on a one-day interval. We will start by marking the downtrend line that the price has broken up. Next, we can define the lines of the current uptrend. Now let's move on to marking the support that we should take into account after such dynamic increases. And here we have the first support at the price of $0.42, the second support at the price of $0.37, then we can mark a strong support zone to which the price may move back from $0.33 to $0.29, and then support at the price of $0.24. Looking the other way, we can see that we are currently facing a very strong resistance at $0.52, but when we manage to overcome it and positively test it, we can see an increase to around $0.74. It is worth paying attention to the EMA Cross 50 and 200, because we see that the 50 marked on the chart with the yellow line dynamically turns upwards and when it crosses the 200 marked with the blue line, we can see a bullish uptrend. The Chop Index indicates that we are slowly regaining energy, the MACD indicates an ongoing uptrend, while the RSI has a slight rebound, but is still moving above the upper range, which may lead to a price correction.
by cryptodailyuk
SWING TRADING: SHORT EURGBP. TARGET 0.86600TRADE TYPE: INSTANT ENTRY TRADE DIRECTION: SHORT TIMEFRAME: DAILY ENTRY PRICE: 0.88000 STOP LOSS: 0.89300 TAKE PROFIT: 0.86600 RISK TO REWARD: 1:1 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
Short
by FX618Analysis
12
simple forex strategy , effective so for this trade we had bearish market structure with new lows and lower highs, we then saw entering NY we had a area of supply where price had previously sold from , we now also saw a key area and physiological level where we was expecting to see price react off 130.000 zone , we had also a 50% retracement from the swing highs the the pull back into our area . For this trade we didn't have a sell limit we had market executtion where we waited for price to reject the area and got into the short after the 5 min candle close message my insta for questions , erikgtFX
Short
by erikgtFX
POSITION TRADING: AUDNZD SELL LIMIT ORDER. TARGET 1.04650TRADE TYPE: SELL LIMIT TRADE DIRECTION: SHORT TIMEFRAME: WEEKLY ENTRY PRICE: 1.10500 STOP LOSS: 1.16000 TAKE PROFIT: 1.04650 RISK TO REWARD: 1:1 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
Short
by FX618Analysis
POSITION TRADING: EURUSD BUY LIMIT ORDER. TARGET 1.10500TRADE TYPE: BUY LIMIT ORDER TRADE DIRECTION: LONG TIMEFRAME: WEEKLY ENTRY PRICE: 1.07000 STOP LOSS: 1.03800 TAKE PROFIT: 1.10500 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
Long
by FX618Analysis
1
AUDCAD I Potential fall to support following BOC Rate StatementWelcome back! Let me know your thoughts in the comments! **AUDCAD 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!
Short
by BKTradingAcademy
1