EURUSD Weekly Analysis using the supply and demand methodology -Money going into Metals/USD pairs. -Trend = downtrend so any longs will be counter-trend playing the correction move. -Trend trading will be any shorts but waiting for a correction.
-Price broke downward sideways range and left behind a daily DBD supply zone. -Some traders tried buying the bottom of the range, some traders sold the breakout, and some will traders will look at selling the breakout retest, some are trading support and resistance, and some will waiting for confirmation inside the area of the breakout retest.
Trading the supply and demand methodology. We have price inside daily RBR demand that broke downward trend line and we have price reacting off of daily RBR demand. I went down to a LTF (lower timeframe) and notice evidence of buyers stepping in. Quality DBR demand that broke downward trend line and removed supply.....Thoughts?
-Break-in structure -Supply Removed -Trend Lines Broken -Price low on GBPCAD weekly/daily range (scroll out). -CAD news Release pushed price down into demand. -day traders are using this 4hr demand to look for buying opportunities inside the 4hr demand or the swing trader has taken the zone straight up.
-Higher timeframe weekly = Price sitting low in a 2 year sideways range where buyers have taken control each time so it's reasonable to look for buying opportunities. -Lower timeframe 4hr = Price showing evidence on 1hr and 4hr by breaking downward trend lines and removing opposing pivot point zones showing evidence of buyers taking control. -Quality drop base...
- Price Inside Weekly Drop Base Rally Demand Zone. - Waiting for 4hr TF buyers to take control while price is inside the weekly demand. Keeping eye on JPY pairs. - Trend = Down so any longs will be counter-trend. See the Picture above more information.
-Price created a H&S Pattern. -RBR demand was holding multiple times and was valid to look for buys inside the RBR. -With the formation of the H&S pattern was putting pressure on the demand zone to break -Price is now inside daily demand which is a good location to look for buying opportunities.
-Trend = sideways -When price is reacting off of supply im bearish USD pairs and trying to short the smaller timeframes. -When price is reacting off of demand im bullish USD pairs and trying to buy a smaller timeframe demand zone.
Original TP was at 1.5:1 which was hit but I manually exited the trade at 0.3:1 after I noticed the futures market did not have the same zone so I did not feel comfortable holding the trade after price broke above the distal line. Overall I'm happy with the setup and how I managed the trade.
See Picture for analysis.. -Price showed evidence of sellers coming in by breaking upward trend line/momentum telling me sellers took control. -I like to see a strong moved because this tells me there was big money selling there and not small money. -Breaking upward trend line/momentum line -Price removing opposing demand -Quality rally base drop created to...
Please read chat/watch video for analysis. I am trading the supply and demand methodology giving you my thoughts/analysis.
*NZD Bank RATES later. Higher Timeframe (Weekly Analysis) -Price reacting off of tested weekly demand. -Trend = Sideways/short-term downtrend. -With Price Inside Weekly demand we can look for buys but confirmation is needed. Lower Timeframe (4hr/1hr) -Confirmation of buyers stepping in from breaking downward ML + removing opposing zones. -Quality DBR demand...
A lot of buying and selling came in during these big leg-out candles. when price came back into the demand price took off. If price rallies back up to supply I think we will get some selling pressure.
AUDJPY Supply And Demand Trade Idea Im watching for a quick trade.... Still waiting on the quality of arrival.