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On the charts we have a clear convergence of the rsi indicator and price as marked by the yellow lines. Follow the indicator. Bollinger bands are bullish with price reaching for the supply zone. The theory here is that when price reaches the supply zone it means that traders are buying into supply where an astute trader will be waiting with a sell order to go...

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Price has broken support. Your potential target is the length of the pattern formation as indicated by the blue line. This is the text book way to measure your profit zone. This does not always occur. Sometimes your target will be short of the intended price target and other times price will move lower than the intended price target.

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Price has broken support early from the rising wedge pattern. Possible short positions can be taken if price closes below resistance. Whether you are buying and holding, swing trading, catching the dips, catching the highs, proceed accordingly with your trading plan.

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When price returns to the buy zone indicated on the chart look to go long. Price will return here at some point to address unfilled orders at the demand area. Look at the green bar at the left of the demand zone represented by the blue arrow. Notice how the green bar left the demand area. A good upsurge in price. Price rises like that because of unfilled orders....

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Where you see the blue arrow on the chart represents the orders that were not filled hence the reason why you see price rise with a strong upsurge (the semi lengthy green bar shown by the blue arrow). When price returns to "buying area" known as supply, more of those orders that were not filled initially will be filled. If all of the orders are filled you will see...

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On the chart we have resistance and support lines converging to form what is called a rising wedge formation. A rising wedge is a bearish pattern indicating further downside movement in price. A short position is considered when price closes just below the support line. Watching. Analysis, further downside movement.

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You have a rising wedge on the chart indicating a bearish stance. You will go short if price breaks support and closes below the support line.

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Here on the chart of NZDUSD you have price reaching for supply. When this happens, the unfilled orders will once again be addressed. The words "unfilled orders" you see on the chart are the reason price fell hard coming out of the supply zone (long red bar). When price returns to the supply zone, this means the unfilled orders to the left of the chart that were...

oe123 Updated 

You have a gap shown here on the chart around the 649.00 area. The nature of gaps is that they fill sooner or later. Unless I missed it being filled somewhere on the chart, price will return to this area to fill the gap. It's just a question of when. Try to plan your trades/investments accordingly.

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At some point in time price will return to this demand area indicated by the orange line. These are areas of demand and they represent the orders that did not get filled. As a result price shoots straight up as indicated by the first 3 green bars ascending from the orange line. This is a sign that price will return to this orange lined area at some point so that...