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Supply Zone

USDCAD: QUICK 110+ PIPS LONG OPPORTUNITY?Good time of the days traders, The chart above is pretty self-explanatory, but let's take a closer look at what's happening there. As we're approaching the last full trading week of the year, USDCAD is visibly stuck in the 1.36-1.37 box. If we zoom in at 1.359, we can see a 0.618 Fib zone coinciding with a support zone of decent relevance. This has caused the current rejection on H4 timeframe. If we were able to approach that zone again with the signs of further reversal, we would easily eye 1.37 zone in that 1:3 RR long trade that can happen by tomorrow. Either way, as always let's continue observing the price development and act accordingly.
Long
by Investroy
15
How To Choose High Probability OBHello traders - In this example, we will explain how to choose a high probability OB for your entry. And what you need to pay attention to. - If you want to choose a good OB, you must read every detail on the chart and take into account everything you see so that you can determine whether your OB is the high probability or not. - One of the most important things we need to have with a high probability OB is the present momentum. When we see momentum, we know that the price has the potential to continue in the same direction. - Here you can see 2 examples. In one example, we have high probability OB, and in the other, low probability OB. - High probability example: On the left, we see a high probability example. Momentum is present, and the price is making strong BOS. When the price impulsively breaks through the high, as in this case, we know that the price has a great potential to continue in that direction. In the end, we see a good closing of the candle, the price did not leave a big wick and filled the entire bullish candle. In this situation, we have a high probability OB. - Low probability example: On the right side, we see a low probability example. Momentum is not present, and the price makes BOS weak. When the price weakly breaks through the high with wick, we know that the price no longer has momentum and will most likely change direction. We see a low candle close and a large wick which tells us that the price has no momentum. In this situation, we have low probability OB. If this example helped you better understand low probability and high probability OB, leave a like and follow us for more content like this.
Education
by hybridtradingfx
1
DONT SWIM AGAINST THE CURRENTTHIS IS INSANE - Technically speaking the market in general is in a downtrend. a recession or correction. it should not matter. what is insane is am taking a Long trade on such a downtrend market. As any trading Guru would say " dont swim against the Current " dont trade against the trend. But I did. well I make exceptions. let me explain. The Long-term(M) is in a downtrend. the price is coming strongly overselling into a fresh DZ. I set my ENTR at 27.xx with STP-LOSS below the DZ; small risk with plenty room for profit to run. my risk to reward ratio adds up. I always calculate my estimates Rs (risk) before I calculate my estimated Rw (Reward) When price enters the DZ: there are three possible outcomes; - Trend Reversal - The DZ will hold & trend changes. Big win & small Loss - Correction - The DZ will hold for sometime, giving small win and small Loss - Breakthrough - The DZ does not hold at all, giving a small loss; I am OK taking that small loss; it is within my trade plan What I was looking for was a correction, happy to take this small Long profit in such a downtrend market. to do this type of trade & swim against the current one much be very vigilant; tight STP loss is key. What I did here, price entered the DZ, the correction began; I covered 1/2 of my position; I took $3 of each share, & let the rest (other 1/2) run; sadly but predictably, the correction lost momentum in a heavily bearish market. I readjusted my STP LOSS to exit trade at breaking even.
NASDAQ:INTCLong
by greatful-me
GBPUSD Intraday long & short opportunityWelcome back! Let me know your thoughts in the comments! **GBPUSD - 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! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
26
BTCUSDT H4 potential short price reached HTF supply zone, even it broke above previous H (upper wick on Dec 1st) and created HH but price formed an evening star then dropped once price backtest supply zone and "appear bearish signal" within new formed supply zone, can consider do short HTF is still bearish, e.g., day chart but price has moved upside and continues make HL-HH-HL-HH since Nov 22ndb (H4) Therefore, place order only if "bearish signal" appears entry, SL, TP are given on chart All are just personal opinion, not investment advice.
Short
by Aki_0123
4