-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.