It it going up to the lowering trend line. Simple
Rsi divergence mixed messages, TL retouch 3rd time.
My oh my, what do we have here? Rsi divergence with a candle stick that suggest bullish bias/reversal? hmm... Pips to be stolen here :)
It is what it is, I will be doing this any how
Easily a pending fall, unless Major TL in gold is broken. Second touch on supply.
good luck.
Decent Risk Reward, EurUsd Ranging within triangle. Idea is to sell at the touch of the top line, (Supply Zone Aswell) Tp at recent area of support. Main idea will be to trade the break out of triangle. Up or Down
Trendline break demand zone spotted. Enter here with stop loss given. Good risk reward. Let us hope price allows this trade to trigger. Good luck.
Very Simply if you look back to the Daily Chart you will see the immense drop of above 2000 pips. Eur Has been strengthening slowly which is causing it to retrace. Recently price has broken the 200 MA on the DAILY. This is a reliable sign to long this pair on pullbacks and breakout. TAKE PROFIT AROUND 1.175 - 1.200 (Long Term)
Breakout upside. Few factors suggest bullish dominance. Price: This retouch to the naked eye looks, like it is behaving differently compared to the other 4 touches. If this candle stick is a doji, the we can expect the next candle to shoot way past the quadruple double tops. Rsi failing to break 50, and broke a down trend line.
UPDATE - This trade was like nu uh I'm gonna f*** your StopLoss tonight. SL HIT -------------------------------- SELLERS WILL BE LOOKING TO TP SOON. ALSO MANY UNFILLED BUY ORDERS DOWN AT 54 REGION. THIS WAS ALSO AN AREA WHICH WENT FROM RESISTANCE TURNED SUPPORT. 54 REGION HAS PROVEN MANY TIMES IN THE PAST AS A KEY ZONE. RSI IS TRADING AT WAY OVER SOLD...
Weekly Chart Sitting on Demand Zone RSI: Down trend line break, New support Found Heading towards long term down trend line, possible directions to further divergence.
Update: Tp 1 hit, tp 2 closed manually at lower rate. Good Trade --------------------------------------- Demand for buy orders have decreased likely due to two previous touches. This puts me in belief that demand zone is no longer a Strong DZ, instead a Weak DZ. For this reason, see the market dropping beyond this region and making ways towards the next untested...
ALL TP HIT. GOOD TRADE -------------------------------------------- If we see a good close today, we could potentially see 1.5633. There is potential to sell at this area with Sl above supply zone. (Red box) However if we break bellow our previous tp, we could see moves down to Demand zone (Green box).
Update: TAKE PROFIT HIT. GOOD TRADE -------------------------------------------------------- From this point, i believe the market should see a strong rally up. Why? Unfilled orders. Few others things as well for confluence. Eg1 - Rsi Divergence formed, Been oversold for a long period of time. Eg2 - Current Demand area, has engulfed a previous supply, which...
UPDATE: SL HIT --------------------------- I am new to the idea of trading SD, and have been looking into it for a while. This is my first find and first trade based on SD trading. If anyone is a regular user of Supply and Demand trading please commend your thoughts about this and any critic/advice is appreciated.
UPDATE: ORIGINAL TP HIT ---------------------------------------------- Break of 50 sma, retest, then shoot up. A candle stick forming one to look out for.
Update: Luckily having my sl wide, My TP WAS HIT. --------------------------------------------- This set up has already allowed me to win 450 pips with the BUY signal. I am hoping this plays the same way for the SELL signal which should come into play by next week, maybe by wednesday we should see solid profits. I do not see this trade gaining more then 90...