TradeByFaryad

TradeByFaryad

The weekly important support is the zone between 46800 - 48200 hence waiti for reaction the price to the zone and then enter for setup positions. 1- if the zone break (probably) I will check the setup for buy 2- if the price reject from the zone I will set the sell setup

TradeByFaryad

Still it is in down trend. if it breaks zone b and pull back to it the long scenario is possible but in my opinion because the price engulfed the below zone - yellow circle - I suggest this is the fake out and will drop to the last below zone. Support me by your like and comments. Lets disgusse about the scenario so please left your idea in the comment.

TradeByFaryad Updated 

As the price rise up by a compression to the liquidation zone i set the short trade as it showed in the picture. But Rsi is not in over buy area, as a consequence, i will change the time frame to 15 minute and wait for a good position and best price action. 2 possible entry: 1- Now the price is in a upward channel so wait till its break down and enter from its...

TradeByFaryad Updated 

As the price rise up to the Compression and engulfed to it - yellow circle - the long scenario is possible. The Compression area is a strong supply zone, as a consequence, if it engulfed then enter for long. My suggestions: 1- if price pull back the first demand zone I will enter for long 2- if price engulf the first demand zone and pull back from the second...

TradeByFaryad Updated 

The supply QM setup is completed and price now near the qm level and HH. this setup is medium risk by 2 entry as i shown.

TradeByFaryad Updated 

As the price drop by the compression to the flag limit the long scenario is possible as i shown.

TradeByFaryad

The yellow zone is a big potential zone for filling selling orders, as the price is reaching by compression and now the QM pattern is created so the price may fall down from the qm level line or break it to the yellow zone- big boss.

TradeByFaryad Updated 

If the price break the supply zone its possible to get 10% profit from its pull back. after that the price will be near the QM LEVEL and the short position is possible.

TradeByFaryad Updated 

Actually its a qm supply pattern inside another qm supply patter , as a consequence, its a low risk sell setup if the price reach the qm level zone (top zone ) - the setup is shown.

TradeByFaryad

price is above a strong demand area , I believe that this area will be kept and price rise up to the next yellow line. This is a wycof Distribution stage phase II.

TradeByFaryad Updated 

this is the qml pattern and am waiting for the price to touch the mpl zone

TradeByFaryad

As the price decrease sharply is 4 hours time frame, the scenario is that if the price increase with a weak momentum to the MPL zone, then the price will be drop sharply to the start of the compression price as i shown in the chart.