EURUSD|Weekly road map and important areasHello friends, I hope you are doing well.
Continuing the previous analysis of EURUSD, so far as we expected, it weakened and managed to break the 4-hour support area downwards.
The next demand area is around (1.078-1.08) , the areas that we can consider to enter selling positions, the first was the support area that was broken, now it is preventing the price from rising as resistance.
The next supply area is the range (1.093-1.095) , and when the price reaches these areas, you can enter selling positions by getting confirmation.
In the future, if I identify a situation, I will let you know in the updates.
My target for the EURUSD price is the support level of 1.078
SWAPZONE
SHORT Setup idea for GBPNZD H4Hello trader
It's long time I've not publish any trading idea in here but I still learning new idea
FOR TODAY !
I have SHORT setup idea for GBPNZD the price still feed in the border of KEY level and I will entry trade between the zone(that mean SUPPLY and DEMAND zone) AND when H4 price close only!
You will see now price has reject the SUPPLY zone(originally it is DEMAND zone but engulfed by bearish move and then price comeback this zone again)
If this zone can use and price can close outside the zone I will entry SHORT from this level
SL: above the zone
TP: structure low
HAVE A BEST TRADING FOR TODAY :)
EUR JPYWe have an upper supply - which is a daily supply. This is still a fresh level, however we have seen a great fake out on the lower 4 hour supply zone.
The fake outs are between the two zones, to show the hidden orders half way in a swap zone.
The overall trend is in a downtrend.
The market is currently making a good retracement but the second tap we are looking to sell on the supply.
patience.
Thanks,
Lupa.
USDJPY SHORT From my view , USDJPY is reaching ending diagonal channel and also weekly and daily Supply Zone. It also confluence with the Daily resistance trendline. I will be taking a short trade at the swap zone and will monitor the price action. If the price is able to break the channel and form a new low then I will hold the trade or else I will close. Lets say if the price keep on moving up, I will Cut Lost if the Daily candle close above the head level! Thanks