After price reacted to the daily demand zone we had and strong rally in price which also created a new imbalance at 1.30915 for a potential buying opportunity.
Potential reversal on AudUsd
The monthly and weekly demand zones remain control no short are allowed.
Long term bias is to go long at the weekly demand zone.
Low risk entry for a potential reversal on NzdCad going long.
Potential counter trend trade at 0.98369 for a long opportunity
After days of consolidation price finally broke to the downside eliminating demand and creating supply.
Price have been in a downtrend for the past few weeks creating new zones of supply and eliminating demand zones which signals a downtrend. A new supply zone was created on Friday 23/08/2019 at around 7660 which formed a great selling opportunity for the upcoming week.
Price had reacted to the daily demand zone which is also nested within the weekly demand zone. The bias remains bullish across smaller time frames.
After such a strong rally in price a demand zone was created at 102369 that removed the all time highs.
Selling opportunity at a fresh supply zone.
After dropping from the daily supply zone new areas of supply has been formed on the 240 time frame offering a potential selling opportunity.
Selling the EurUsd with confirmation on the DXY as it is approaching a demand zone.
Buying opportunity on MacDonalds at 176.63
After such a strong drop in price we expect a pullback/ relieve in price. I'm currently looking at the daily demand zone for a potential long opportunity.
I am currently looking at the demand zone at around 7533 for a potential long. This is a long term bullish view and, I am expecting the all time highs to be taken out.