Get started

Supply Zone

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.
BLACKBULL:WTIShort
by JohnnyB61887
SWING TRADING: LONG USDCAD. TARGET 1.42000TRADE TYPE: INSTANT ENTRY LONG TRADE DIRECTION: LONG TIMEFRAME: DAILY ENTRY PRICE: 1.34500 TO 1.35000 STOP LOSS: 1.28600 TAKE PROFIT: 1.420000 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
Bearish Look on EURUSD until end of WeekBearish Funadamental Background : CPI helped price to pullback and breathe and now we have returned to the lows. Momentum: Bear Candle from Last week with solid body Technicals 1) Large Top wick rejection on weekly candle after printing Bear Candle last week 2) Was anticipating Bears to show up this week AFTER a potential pullback .. Which we did get a pullback to 1.07900 3) Price just pierced last week's low , Monday's Low, and Wednesday's Low 4) Price respected 1.07100 as anticipated across the duration of current daily candle 5) Range to fill to downside down to 1.5500
Short
by ShrewdCatfx
2
Gold short towards $1830 and $1825Xauusd price fell below $1850 on Wednesday. Currently pressured near $1836 gold may fall to test $1830 and $1825 demand zones from January 5 2023. The strong US dollar drive flows away from gold price and is near multi week high with high expectations from the Fed. A recapture of $1850 and $1860 zones are essential for the commodity otherwise the fall below $1825 can be expected. Long term trend is bullish but currently gold is experiencing correction phase.
OANDA:XAUUSDShort
by GOLDPIPSMAKER
2