I'm setting and forgetting an entry on a supply zone very high on the curve that is already in a down trend. The leg out wasn't explosive but it did leave a 2:1 from entry. The relative strength has the CAD at the strongest on both the DAILY and HOURLY charts, while the AUD is either the weakest or second to weakest on both time frames. There is a demand zone...
I'm going for a demand zone on the 1h at 1.9978. As you can see, there are two demand zones but I choose the second one because the first one was tested, even though I prefer it over the second one. There is a good chance that there were still buyers there and it will take off. I don't mind. I rather deal with a mediocre untested zone than a tested great zone. The...
If price rally to 75.064, I have an entry there waiting, spotted on the 4hr time frame, with a high probability chance of sending price right back down because the Yen is very strong on the higher time frames while the Aussie has been weak for weeks.
I'm eyeing a Demand Zone on the 15min chart that actually looks better on the one hour. If price drops to 0.89653, I'm expecting it to rally for at least 3:1 RR, since the price is up-trending on a higher time frame despite appearances on the trading time frame.
Once price reaches the Supply Zone (SZ) at 61.06, I expect a drop down to the next respectable Demand Zone (DZ) at around 57.86. I'm prepared to bail out at the first target (T1.) at 58.79. It says that price is up-trending but on the Daily it shows that it is actually down-trending.
Zone on zone on the 15 min. Price will reach 0.98820, may go deeper for the second zone, then rally. I combined the zones. I'm going for a 1:1, since this is a countertrend that just started for the lower time frames but if price gets through the Supply Zone, where my first target is at (T1.), then I don't see anything stopping it from reaching my second target (T2.).
The price will hit 80.964 entry of a 1h demand zone and possible rally for a while to the supply zone above. My stop is 20 pips.
I have reason to believe that price will hit entry at 122.615, double demand zones on both the 15min (blue) and 5min (purple), and price will rally to 122.915 for 3:1 R:R.
I see an opportunity to buy on the GBPAUD for at least a 2.11:1 RR from a demand zone on the hourly. Entry at 1.82272. My target is the resistance seen at 1.83048. I also set a GTD for about 12 hours from the time of this publishing, giving it enough time to trigger and take profit before the AUD event.
If the price reaches 0.92910 (buy entry), I believe there are buyers there that will push the price up to around 0.93180 (Take Profit) for a good 3:1 R:R. It may even continue to the supply zone above.
If the price reaches 0.93300 (sell entry), I believe there are sellers there that will push price back to a demand zone of 0.92910 (Take Profit) for a good 3:1 R:R.
Sorry for the late publishing. I have to get back in the habit of doing these. I didn't think it would trigger so soon and, well, you know... Set and forget. This is a Demand Zone on the 4h chart.
I have reason to believe price will be heading down. It reached the Supply Zone but cannot break through it. Also, there is a resistance line that price didn't close above yet within the zone. Now it may not reach 3:1 RR target because of the DZ waiting there. The DZ was violated, buyers were in control for a bit. So, there are buyers for sure. But the price...
MY FIRST VIDEO ANALYSIS. My analysis for daily income on the EURJPY. Looking at the video, I see I wasn't finished with that zone. It might be better than I think but I didn't have time.
Price is reaching a supply zone on the Avon (AVP) chart in something that is clearly leaning to the downside. I anticipate a drop from this zone for a 3.54:1 RR.
If price reaches this supply level (brown), I'm guessing it will spike in and fall for a decent 1:5 RR.
If price reaches 0.00464, there is a high probability that it will drop from that hourly dbd supply zone (green) for at least 66 pips. It also helps that the hourly dz stems from a DAILY demand zone (red), price just broke through hourly uptrend line (green) to start a downtrend and there seem to be more sellers than buyers.
A Supply and Demand Zone I just noticed on the AUDJPY 15min chart. One will certainly trigger. I have more faith in the SZ since price broke so many levels to create a reversal, not to mention breaking my green trend line, which was created on the 1h. If price returns to that zone, I expect it to continue the drop. And maybe there are enough buyers in the DZ to...