I personally enjoyed this trading session. Risking 2% to make a total of 8% seems like a solid return on investment for me. ANALYSIS BREAKDOWN: initial change of character matierialised, followed by multiple breaks of structure to the upside. Price kept eliminating supply and reacting to key low timeframe demand zone.
change of character and a break of structure. I'm of the mind that price to retrace back to a fair value before supply is consumed.
Looks like liquidity is back in the game. strong discount into a basal demand zone on the Monthly timeframe. the Daily time frame shows a change of character within the Monthly basal demand zone We have bullish structural changes, confirming the validity of a bullish cycle.
Technically speaking - this one is in the prime set up for a bullish run. The timing in which the price fell into a discounted demand zone coincides perfectly with the recent stock split. The reduced price makes this stock highly attractive which should theoretically lead to more more buying interest.
The company is obviously profitable. There is a huge demand for their product. From a strictly technical point of view, this stock, along with NVDA should see a resumption of their upward trajectory here. Heavily discounted into a demand zone, which also coincides with a psychological number. This is screaming 'buy buy buy' to me.
I am Going long on Gold because I believe longs are being added by institutions. The US Dollar will lose value, more QE.
Key fundamentals to propel this pair are Canadian unemployment stats, FEDS meeting, Keystone XL Pipeline and general Risk Aversion.
The analysis speaks for itself. Pair has been in a consistent downtrend, current price structure signifies a retracement with prime opportunities for longer-term short trades.
Price has choppily made its way back into a supply zone, which is in line with the current downtrend. Risk-averse traders should look on the lower TF for more precise entries.
When supply ceases to exist, demand becomes higher. The highlighted zone shows area of REDUCED Supply, not to be confused with buying (in this case, by large institutional traders). Now here is the complicated part, within that zone, smaller players are placing buy trades. When supply dwindles, demand go up and vice-versa. We are ultimately short on this pair, the...
Can you figure out the differences in the three pinbars highlighted...bearing in mind that the shape, length, or colour of the pinbar does not matter in this case. Pinbars occur in the market as a result of two scenarios: 1) When institutional traders place large positions in order to reverse what we call a "trend" 2) When institutional traders take profit off...
price has formed a bearish pinbar after showing signs of a sell-off. there are multiple reasons why pinbar forms in the market, it is always best to understand what preceeds these candles before trading them.
Hopefully, my annotations are simple enough. It is classic Sam Seiden but with a twist from my own experiences as a trader. I entered this trade when price was in the supply zone and i will be looking to close it in the next 2 hours...depending on the candle formation.
The annotations should be adequate.
Evidently, price is in a downtrend. "Never go against the trend" immediately comes to mind. While price is currently trending upwards on the lower time-frames, which i have highlighted by the demand zones, i will ultimately be shorting this pair once price enters Supply 2 and shows signs of a rejection. SL will be a few pips (5-10) above the red zone and TP will...