Following the BTCUSD price testing the $49,000 area, indications suggest that the next target is the $55,000 zone. The highlighted demand, marked in blue below, appears to be an excellent level for initiating a continued buy position, with the target set at the $55,000 level.
The previous instance of GBPJPY reaching this level occurred in 2015. On the weekly chart, there is evident supply established in August 2015, marked by a price drop from that level. The price has not revisited this level until the present. The specific supply level, highlighted in red above, presents a favorable opportunity to initiate a sell position when the...
The S&P500 has recently reached an all-time high, and despite the ongoing bullish momentum, purchasing at this elevated level entails increasing risk. The initial demand zone labeled as Demand - 1 appears to be a favorable entry point for a buy position. However, given the current high level, it is advisable to monitor for a potential breakout from this demand. In...
On the GBPUSD D1 chart, the current bullish momentum is evident. The most recent demand formed during this upward movement is highlighted in blue just below. This level presents an excellent opportunity for a continuation buy position. Conversely, the red-marked supply above serves as the next potential reversal point, suggesting a sell position. Both options are...
Over the recent three weeks, GBPJPY has exhibited a noteworthy and substantial uptrend. In the H1 chart, there is a conspicuous fresh supply zone resembling a Quasimodo pattern. This supply level presents an excellent opportunity for initiating a sell position upon the initial contact with the price. Additionally, the price shows a compression upward toward this...
Observing the 1-hour chart for XAUUSD, it's evident that the price currently resides within two recently formed Quasimodo levels. These levels are still relatively new and encompass unfilled orders, anticipating a retracement in price. The upper supply level presents an excellent opportunity for initiating a sell position upon the initial contact with the price....
The AUDUSD price currently resides between two crucial levels. Above us, there's a newly formed supply level, presenting an excellent opportunity for a short (sell) position upon the initial touch of the price. Below, we observe a fresh demand level, ideal for initiating a buy position at the first contact with the price.
On the EUR/USD Daily chart, there's a notable fresh supply zone that emerged around July 27, 2023, positioned on the left side. It's highly probable that the price will gravitate towards that level. Zooming in on the right side of the chart, specifically on the H1 timeframe, reveals a closer look at this supply level. The price action exhibits a strong upward...
Yesterday marked the formation of a new, untouched demand zone. The price is likely to gravitate towards the overhead supply, indicating that this supply level might act as the next barrier to sustain the uptrend. The demand below presents an excellent opportunity for a buy position if the price retraces to this level. The supply above is the potential target and...
In the daily chart, the EURUSD exhibits a bullish momentum. The highlighted demand level below, marked in blue, appears to present an excellent opportunity for a continuation in a buy position. This level suggests a concentration of unfilled orders awaiting the price, indicating potential strength. The long-term target for this buy position aligns with the supply...
The gold price has just reached the supply level visible on the daily chart. However, since this is not the price's first encounter with this supply level, it becomes riskier to trade at this level. Therefore, it's advisable to seek confirmation from a lower time frame. On the H1 chart, we can observe the last demand level below, marked as Demand-1. If the price...
In the 4-hour chart of AUD/USD, there's a noticeable uptrend in price development. It's probable that the price aims to reach the prominent supply level highlighted in red. This marked supply level presents an excellent opportunity for a sell position. On the other hand, the lower demand zone serves as a significant continuation level. Should the price retrace to...
On the left side of the chart, the XAUUSD 4-hour chart reveals a notable demand zone marked in blue. The swift and substantial upward movement from this level strongly suggests the presence of a considerable number of unfilled buy orders, making it an opportune level for initiating a buy position at the first instance of the price touching this level. On the...
On the left chart, we observe the subsequent supply level on the daily chart for EURJPY. Despite being established in August 2008, it remains a significant level for initiating a sell position, as the price has not yet revisited this level since that time. On the right chart, we have the 1-hour chart displaying the underlying demand level below, which presents a...
XAUUSD is currently experiencing an upward momentum, and indications suggest it may persist until it reaches the $2006 zone, which aligns with the marked supply level on the daily chart. There are two noteworthy demand levels situated below, pertinent for continuation trading. The initial one is discernible on the 15-minute chart, roughly around $1958. The stop...
In the current 15-minute chart, GBPUSD is situated between a significant demand level below and a notable supply level above. These represent the pivotal levels to monitor for potential positions. The upper supply level presents an opportune point for a sell trade upon initial contact with the price. Conversely, the lower demand level offers an attractive...
The left-side daily chart illustrates a recently formed demand level. The rapid and aggressive upward movement from this level suggests a significant presence of unfilled buy orders. It may be prudent to consider initiating a buy position upon the initial touch of this price point. The long-term target would be the supply indicated on the right-side 4-hour chart....
Presently, the price is being held in check by the primary supply located on the left, effectively absorbing all the sell orders associated with it. Beyond this supply zone, there is a stretch of price compression extending up to the uppermost supply level. Consequently, if the price manages to break free from the current supply, it is highly likely that we'll...