My swing trading setup on EURGBP At the moment no trades are taken yet as price is moving in the range between the broken supply zone and the resistance. Waiting for price action to show where the price is going next. Divergence signals that I look for potential short @ 0.883: 1) RSI: Lower high 2) Awesome Oscillator: Lower High 3) Price action: If candles close...
Here's a trading idea on EURUSD using Awesome Oscillator and Supply & Demand strategy. I've marked the short and long opportunities in the chart as well as the description. Will be taking short position if price closes below previous support @ 0.993 Any opinions are welcomed! Kindly boost this idea if you like it, helps me a lot. Thank you! :)
OANDA:XAUUSD TVC:GOLD My own take on Gold. Opinions are welcome :) Gold recently dropped rapidly and now has reached an important support. Personally, I am now bullish on gold. Here's why : The previous demand zone broke through its recent resistance and made a new higher high indicating a strong bullish momentum here Gold has entered and rejected the...
Gold closed back below recently broken structure (1H). SL set above recent high and TP set to bottom of the range.
EURUSD formed a Quasimodo pattern on the 4H timeframe followed by rejections on the supply zone. Entered trade using a smaller lot size since the stop loss is quite far away.
Short term trade idea on AUDJPY since its countertrend. Reasons: Previous candle closed doji on 1H and current candle broke the low of the doji. AO showed weakening signs indicating possible reversal.
Gold closed lower on 1H timeframe. Low risk setup based on price action
BYBIT:BTCUSD BTC bounced off demand zone on 4h timeframe. Candles formed LL while AO Indicator formed HL signals possible reversal. Marked nearest supply zones as potential take profits and area below demand zone as stop loss.
USDJPY rejected from Daily Resistance and now consolidating inside the Supply Zone below the Daily Resistance. The candles have formed a higher high, whereas the AO indicator has formed a lower high which is an early sign of divergence/reversal. I'm expecting a drop into the next consolidation area since there is a nice clean bullish momentum on the left.