taikomin

taikomin

Weekly is showing a downtrend with price now looking to be correcting itself via the weekly demand. Looking for a short setup once price reaches the Weekly supply area. Daily momentum is out of alignment, not taking any daily supply levels without confirmation. Limit order placed at a higher price where levels are nested within HTF supply. If you are applying...

taikomin Updated 

3 daily supply levels were formed within a Weekly supply level after price eliminated a Weekly demand area. Monthly is out of alignment. Price needs to close below 81.486 in order to realign Monthly trend. Price action is telling me to look for short opportunities, since last month's candle shows a bearish engulfing pattern. Monthly supply is in control. If you...

taikomin

Price made a higher high previous day, eliminating weekly supply and creating a weekly demand + realigned uptrend trendline. 2 new daily demand zones created as follows. Start looking for longs within daily demand zones nested within weekly. Lots of room for price to rally to monthly demand. If you are applying Supply & Demand methodology in your trading plan,...

taikomin Updated 

AUDCAD made a higher high and a new weekly demand zone after taking out a weekly supply zone. Looking to long from the daily demand zone nested within Weekly demand proximal line. Lots of room to rally reaching monthly supply zone. Taking off profits at 1.0052 and 1.0285 .

taikomin

A buying opportunity has surfaced on the exotic pair EURSGD. Monthly has upward momentum while an uptrend is on the Weekly. Daily in a downtrend indicating correction period for price to drop to weekly demand level. Expecting long order triggered on the demand level nested within Weekly demand level. If you are applying Supply & Demand methodology in your...

taikomin

EURGBP has rallied up for quite some time & has apparently touched 3MN supply, tested & created a fresh monthly supply. Price is rallying back up into Monthly supply and I am expecting sellers to come in. Weekly supply nested clearly within Monthly supply. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow...

taikomin

The exotic pair is showing bullish strength over the past months. Monthly and Weekly are in an uptrend. 2 bullish engulf patterns printed on the Monthly. Price broke daily upward momentum, indicating correction phase has started. Waiting patiently for price to return to Weekly demand zone. If you are applying Supply & Demand methodology in your trading plan,...

taikomin Updated 

Last AUDNZD intraday setup only hit TP1 and then price hit breakeven. However, seeing buyers want to buy at a lower price, here we can see a long setup being created. Weekly is in a downtrend, lots of room for price to rally up a good retail price for buyers to unload contracts for profit. Daily momentum trendline broke, indicating loss of downward momentum;...

taikomin

Found a good setup. New monthly candle formed, Monthly price action states thar we are still bearish in the trend. Weekly supply zone created taking out opposing demand level. Daily out of alignment. Price is starting to look for correction, I reckon it'll return to Weekly supply where I will be shorting. Target is around 102.00s since price action in Nov 2016...

taikomin Updated 

Price hit Weekly demand. Overshot daily demand by a few pips, continued showing buying pressure. Limit order triggered yesterday, price has rallied up, creating new H1 demand zone for re-entry/stop loss management. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share your views.

taikomin Updated 

On the bigger picture Weekly, price action is showing it's in an uptrend. HHs & HLs , demand being respected, supply negated. Taking a long opportunity on a WoW demand zone formed that's been tested by a news spike. Needed confirmation before taking trade. Break of TL indicates that level still have strong buyers. If you are applying Supply & Demand methodology...

taikomin

Limit order triggered yesterday. Cancelled my last order on shorting the AUDNZD due to a supply level being broken on the daily. The demand zone responsible for that break formed with good departure. Placed a limit order and price triggered the order and now rallying higher. If you are applying Supply & Demand methodology in your trading plan, or mere interest,...

taikomin Updated 

Price is in Weekly supply. Action plan is to look for short setups. New H4 supply zone formed with good drop, took out 2 opposing demand & good RR.

taikomin Updated 

Price has tested Weekly supply, Over exceeded demand, Producing Daily supply, Price coming up to Daily supply, I'm looking to short here. Limit order placed based on 3 timeframe analysis. If it hits my SL, I can always re entry as long as there is sign of sellers. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure...

taikomin Updated 

H4 supply formed within a Daily supply. Weekly & Daily trend is down with gradual downward momentum. Price traveled 1:3 away from basing. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share your views.

taikomin Updated 

Price action shows that buyers are now in control of the market. Price fell short of hitting the demand level before taking off like a duck. Patiently waiting for price to return, IF it returns.

taikomin Updated 

Price has reached a weekly supply level. Break of trendline indicates loss of momentum, sell orders are filling in. Short limit order placed. Will keep this post updated.

taikomin Updated 

Price has reached the Weekly supply curve where I expect upward momentum will lose steam when sell orders start kicking in. Going to start looking for shorting opportunities based on price action. Will keep this post updated. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share...