Zonetrading
RTM Structure Confluence on GBPAUD (Confluence Strategy)I found this trade using the Confluence Zone
- There is the Resistant before the price went down
- Supply Zone that Breaks the structure to the Downside (Mini QM level)
- Using a Fibonacci tool to find the POI (Measuring the range of the price)
Enter the trade using RSI Divergence
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Waiting for The market reaction (Follows the plan)
USD/ZAR PossibilitiesThe Rand ran it up the past few days, A few doji's before and during the rally are signs of it getting weaker. So Price can either nearly touch descending trend zone, or bounce down & continue. All in all I'll be watching diligently for some solid confirmation in candle play around these zones. What are your thoughts?
BTC bear breakout to the lower equilibrium limitBTC has been trailing off for a while now in conjunction with the equilibrium range.
We are expecting a corrective to the yellow zone above and are anticipating a continuation down to the larger more significant yellow zone below which acts as an approximate target.
BTC can be extremely volatile with large swings so please be aware of this before trading. The technical setup however looks superb so if it does indeed provide the setup, the rest of the plan looks good to take.
Zone Trading strategy and custom indicatorThis is an idea that uses Pivot Points, Fibonacci, Fractals, and Momentum to attempt to predict "zones" where the market may pass through. Typically used on faster chart times, but this example shows a 15 min chart for demonstration purposes. This idea has been used on ES, NQ, RTY, YM, and their related micro futures products.
Supply and Demand zones and how to use themAs we can see above i have demonstrated how supply and demand zones can be used to help you analyse a chart.
Firstly we need to identify an absolute high and and absolute low on the TF we are using. The higher the TF the more valid the zones become. When the absolute highs and lows are identified, they are what we know as the major supply and demand and we will expect the greatest reactions to happen around them.
As the chart also shows, price will create sets of highs and lows in between the majors and they are what will become the MINOR supplies and demands. These zones can be looked at as reaction points, however once the price breaks through them they become invalid.
This is just a very brief way of looking at zones in order to help you analyse a chart.
US500 approaching support levelsThe US500 might find some support around this 4280 support zone. Will wait for a pause in that area to confirm actual buyers stepping in.
SERO can pump sharplyAfter reaching the first target (67% profit), I believe SERO can pump again
max. 3-5% of the wallet can be used to buy SERO