Get started

Demandandsupplyzones

New week, new opportunities!I’m expecting the week to start and take all of the liquidity above those highs (red dots). The volume of that move higher will be very important to take into consideration. The issue is, the week needs to make a new low and that fact alone will probably give bears an advantage from my POV. To make a significant low on the weekly, price will probably have to break H4 structure and if it does, the next demand that I’ll be paying attention is around 1.075. As traders, we need to take into consideration different scenarios and how to act upon them. So here’s how I’ll trade next week. If price starts breaking bellow Fridays low, I’ll start looking for shorts aggressively and considering the possibility that it will reach 1.075. When it does, I’ll look for longs, because price should take liquidity from above, before continuing with bearish momentum if that’s the case. Also important to notice that level is inside weekly demand and if it breaks, the bearish momentum would be very aggressive. I don’t consider that as likely to happen, unless there’s some catalyst from high impact news. The other scenario that I’ll be looking for, is price holding Fridays low and continue higher to take the liquidity as mentioned above. In that case, I’ll consider shorts from around 1.097 BUT since price is coming from daily demand it will depend on how it gets there and even if I take positions, I’ll manage my expectations about the results. Monday and Tuesday don’t have any high impact news, which is perfect for price to grind higher, which is my main expectation for the beginning of the week. Wednesday there’ll be PMI data on EU and US, should be very volatile. Thursday, unemployment claims from the US and Friday consumer sentiment and Powell speech after. The goal is to remain truthful to the plan and enjoy trading for what it is!
Long
by CirculoForex
Support and Resistance- Flipping Roles⚡In simple terms, support is a level where demand overcomes supply, while resistance is a level where supply overcomes demand. In the market, different types of traders participate, and I have broadly categorized them into four groups based on their behavior. ⚡You may have heard that once a support level is broken, it tends to act as a resistance level, and vice versa. This phenomenon occurs because the roles of support and resistance flip, influenced by the psychology of traders at these levels. ⚡Let's illustrate this with an example. Consider Group A, a set of buyers who bought a stock at 80. The stock price rises to 100 but faces some resistance. At this point, Group B, consisting of short sellers, enters the market and starts selling the stock near 100, with their stop-loss orders placed just above 100. Thus, there is supply present at this level. ⚡The price consolidates within a narrow range and eventually breaks out above 100. Group A is delighted as they bought at a good price, but Group B becomes unhappy. Some members of Group B exit the trade as their stop-loss orders get triggered, while others continue to hold in hope of a favorable outcome. ⚡Now, another group of traders, Group C, known as breakout traders, becomes active above 100. Their buy orders, combined with the buy-stop orders from Group B, add momentum to the upward movement, pushing the price up to 110. ⚡As the buying pressure eases, and short-term traders take profits, the market starts to pull back, eventually reaching the old resistance area around 100. ⚡Many pullback traders look for buying opportunities near this level. Additionally, members of Group B, who shorted at 100, realize their mistake and start buying to close their short positions at breakeven. Some of them also reverse their positions. Other buyers who were waiting on the sidelines also start entering the market. All these buy orders create a strong demand. ⚡Notice that once there was significant supply at 100 and now there is significant demand. If this demand is substantial enough, the price resumes its upward movement, illustrating how changes in market sentiment impact a participant's psychology and consequently affect the nature of support and resistance levels. ⚡The reverse is true for how a support level, once broken down, turns into a resistance level. ⚡I hope you found this tutorial helpful. Please stay tuned for more educational content in the future. Feel free to show your support by liking this post. Disclaimer: Practical knowledge
NSE:NIFTYEducation
by Bravetotrade
10
AUDUSD LONG/ BUY🔰 Pair Name : AUD/USD 🔰 Time Frame : 4hrs 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/ SELL The AUD/USD pair encountered strong resistance near 0.6750 during a hesitant pullback in the late European session,we are expecting the price to go possible higher high at the liquidity key high area 0.67788 area before further sell. As investors approach the Federal Reserve's (Fed) upcoming interest rate policy announcement on July 26, caution prevails, leading to fading recovery momentum in the Aussie asset. Meanwhile, the US Dollar Index (DXY) is gaining strength, aiming to reclaim its intraday high of 101.41, as investors anticipate a possible interest rate hike by the Fed after skipping it in June. Ahead of the inflation data for the second quarter, the Australian Dollar is expected to exhibit strong movements. The consensus predicts a 1.0% increase in inflation on a quarterly basis, compared to the previous 1.4%. Additionally, the Annual Consumer Price Index (CPI) is projected to decline to 6.2% from the previous release of 7.0%. Technical analysis reveals that AUDUSD faces selling pressure in its attempt to breach the horizontal resistance drawn from June 16 high around 0.6900. The presence of a Double Top chart pattern indicates a potential bearish reversal. The 20-period Exponential Moving Average (EMA) at 0.6758 acts as a barrier for the bullish momentum in the Aussie asset. Looking ahead, a downward move below the immediate support at 0.6700 could expose the asset to further declines towards the July 11 low at 0.6650, followed by the round-level support at 0.6600 as our target area. On the other hand, a recovery beyond the July 20 high at 0.6847 would propel the asset towards the June 16 high of approximately 0.6900. A break above the latter level could lead to further gains, targeting the February 16 high at 0.6936. As a professional trader, it's essential to closely monitor these technical and fundamental factors to make informed trading decisions and navigate potential opportunities and risks in the AUDUSD pair. 📈💼💡
Short
by Moon_SmartMoney
GOLD/ XAUUSD UP DOWN UPPPP DOWNNNNN🔰 Pair Name : XAU/USD 🔰 Time Frame : 4HOUR 🔰 Scale Type : LONG SCALE 🔰 Direction: BUY SELL BUYYYY SELLLLL 📈 Technical Analysis: Gold Eyeing Critical Levels and Potential Downside Targets 📉 🔍 Chart: 4H timeframe 💎 Gold has reached a key Fibonacci level of 61.8% at the $1,912-$1,900 range! 📊 The past two weeks witnessed a bullish surge, propelling gold to retest the 23.6% Fibonacci level and fill the market imbalance created by months of selling. 🚀 🦀 Additionally, the completion of the CD leg of a smaller bearish crab pattern adds more weight to the current scenario. Now, we find ourselves at a pivotal moment, as the bullish price action reached the 50% Fibonacci level, leaving behind a massive imbalance area below! 😲 💪 Gold has just breached the daily demand zone, smashing through the 4H demand zone within it! 🚀 Our analysis suggests that gold might be collecting the last bit of liquidity above, specifically around the key high of $1,969 on both the daily and 4H charts. 🌊 ⚡️ Brace yourself for a potential drop towards the imbalance zone below, followed by a retest of the 4H demand zone. From there, the stage could be set for another retest of the 23.6% Fibonacci zone above! 📈 🔍 Looking ahead, keep an eye on the Fib level 0.786 at the $1,866 area! This zone serves as a juicy target for gold, aligning with the first target of the larger bearish crab pattern, around the $1,860 area. 💰 💥 Fundamental Analysis: Bearish Factors Impacting Gold 💥 📉 Gold prices have been on a relentless decline since July 6, marked by Engulfing Bearish Deliberation candlestick patterns. The invalidated Bull Flag formation on the 4H chart and approaching pressure points at $1,962.80 - $1,966.80 indicate a bearish sentiment. 📉 💰 To anticipate a significant correction, we must closely monitor the US Dollar Index (DX) and its momentum! A positive breakthrough of the medium-term resistance zone, previously support, on the weekly chart could trigger a substantial decline in gold prices that would be difficult to stop. 📉 💡 Conclusion: Get Ready for Exciting Moves in Gold! 💡 ⚠️ Gold is at a critical juncture, presenting both technical and fundamental bearish signals. Stay alert as gold targets the imbalance zone below and potential downside targets at the 0.786 Fibonacci level! 🚀 🔒 Stay tuned and be prepared to take advantage of the next big moves in the gold market! Happy trading! 📈💰
TVC:GOLDShort
by Moon_SmartMoney
USOIL - LONG - WEEKLY ANALYSISThe "USOIL" has been in a downtrend since May - 2022 and it stands to reason that we will start to see a bottoming soon if necessary. In today's post, I will analyze in more detail at which key areas we can expect a bottoming. - For this, we will look at the "USOIL" from the weekly view and integrate elements of the daily, weekly and monthly charts. In the following, I will go into more detail about the individual areas and break them down in an understandable way: 1. | FIBONACCI RETRACEMENT | For this Fibonacci retracement we take the movement, which started in - December/2021 - and ended in - March/2022 -. -> 0.786 FIB = 76.79 USD | Successfully processed -> 0.88 FIB = 70.50 USD | Pending retracement > As "BLUE" lines + area - drawn in the chart. 2. | FIBONACCI RETRACEMENT | For this Fibonacci retracement we take the movement, which started in - November/2021 - and ended in - March/2022 -. -> 0.618 FIB = 70.25 USD | Pending retracement -> 0.65 FIB = 67.18 USD | Pending retracement > As "ORANGE" lines + area - drawn in the chart. 3. | DEMAND ZONES | The demand zones formed at the beginning of the upward movement, so they were created and in - November-December/2022. -> MONTH ZONE = 62.46 - 77.41 USD | Pending settlement -> WEEK ZONE = 62,46 - 72,97 USD | Outstanding settlement -> DAY ZONE = 66,24 - 70,42 USD | Pending execution > As "GREY" areas - drawn in the chart. 4. | POINT OF INTEREST The point of psychological interest, was created the first time in - August/2005 - and showed some reactions since then. -> POI = 70.00 USD | Pending settlement | In the upcoming situation, the POI should be used as a support. | POI is used as ZONE -> no point exact support. > As "TURKIS" line - drawn in the chart. NOTE -> Psychological numbers are relevant decision points, because the human brain (subconsciously) prefers round numbers. -> For this reason, a lot of interest (orders) accumulates at these points, which serve as required liquidity for institutions. 4. | CONCLUSION How the detailed scenario for "USOIL" could look like, cannot be guessed at the moment, so we have to postpone the more detailed consideration to the future. Despite this, the key points I have presented, will most likely trigger a reaction. -> As soon as we reach the areas, I will upload a detailed execution. Feel free to discuss it in the comments and share our perspectives, I would be "burning" to hear your take on it all. Thanks a lot and happy trading!
TVC:USOILLong
by ZielIstDieAutarkie
EURAUD I Short-term bounce from demand zoneWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
19
EURGBP: Bearish Momentum Building, Potential Selling OpportunityThe EURGBP currency pair is showing signs of a bearish momentum shift, indicating a potential selling opportunity for traders. Currently trading at 0.8663, the pair has been facing resistance near the 0.8702 level, suggesting a possible downward movement. Several technical indicators support this bearish outlook. The pair's recent price action has formed a series of lower highs, indicating a weakening upward trend. Additionally, the 50-day moving average has crossed below the 200-day moving average, signaling a potential shift in market sentiment towards the downside. Traders may consider entering a short position if the price breaks below the immediate support level at 0.8663. A potential profit target could be set near the next support level at 0.8600, with a stop-loss ord er placed slightly above the recent resistance at 0.8702 to manage risk. It is important to conduct thorough analysis and closely monitor market conditions before executing any trades. This idea should be considered as a suggestion and not as financial advice.
Short
by hannyfx20
3
ULTA has Overextended Strength SHORTULTA a women's beauty focused company has benefitted from the end of the Covid Era, Earnings reports have been rock solid for sure. I think ULTA is overdue for a correction. On the 4H Chart, supply and demand zones are per the LuxAlgo indicator. Price touched and retested demand several times last summer and early fall. It is now touching and testing the supply zone above the POC line of the long term volume profile. It is in the overvalued region of the long term anchored VWAP bands. The Wycoff buying /selling oscillator is still positive but with a decreasing amplitude. I see ULTA as setting up for a short sell entry. The entry could be now but a better entry would wait for price to get under the POC line at HKEX:528 and the volume oscillator turn to negative with the histogram below the zero line showing bearish volume momentum. My preferred position is a put option at a strike of HKEX:530 expiring on 5/19/23.
NASDAQ:ULTAShort
by AwesomeAvani
1