Demandandsupplyzones
US 100 LONG hello traders
There is a demand area that is overtaken by the price. The price is expected to rise above the area to execute unexecuted buy orders
There is an important support and resistance area
Accumulation occurs above the support and resistance level and below the consumed demand area
If the price breaks the consuming demand zone, I think it will be a buying opportunity to target supply zones
GBPUSD-Weekly Market Analysis-Sep22,Wk2Aggressive Counter-Trend Traders, you might have an opportunity to engage GBPUSD on a buying opportunity.
Why is that an aggressive move?
That's because there is no structure or support looking left.
At the minimum, wait for a 3-bar reversal before engaging in the trade. Your first potential profit taking level will be at 1.1576.
ETH/USD - outlookOUR SHORT TERM OUTLOOK ON ETH/USD (DAILY, 4 HOUR, 1 HOUR - analysis)
- i used white path lines to represent our thoughts on incoming days
- due to past/incoming news we will most likely take direction to downwards
- price reached 4h demand zone (1445-1474) after Friday speech
- we have broken support at 1552 which could be retested & price would continue to drop to our next 4h DZ (1356-1395) where it could react , if not we are going to see ETH to test lows at 1318
- if price continues to rebound & fill gaps (imbalance) upwards price will face strong daily DZ (1653-1722) and also 1H DZ sitting below at 1624 area
- we have sitting liquidity above daily DZ, which could be taken by simple LQ grab or by breaking those equal highs, than we could potentially see price pushing towards 1821-1883 area where we will see what happens
FEEL FREE TO COMMENT & DISCUSS
LB
LAZYPIPS
EURCAD Growth to Resistance 150+ PipsWelcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Will nifty able to sustain its upmove ??Nifty as making Higher High & Higher low but as we see on larger time frame selling pressure is still there. There are two possibilities whether nifty breakes it's supply zone then on retracement its a good BUY and in second possibility nifty will not be able to handle selling pressure and fall in that case we wear the HAT of SELLER. Here keep in mind that nothing gets changed till yet. Month of July & August is earning season so be stock specific. I have made position in Bergerpaint this Friday in Future August series.
USDCAD: Weak Demand 🚨When price gets delivered to a demand zone in a compression format, It usually means a liquidity grab is coming.
Price could either fall through the demand zone aggressively OR gives buyers an initial lure before dying off as illustrated.
Either way, this is a great pair to watch today!
Let me know what you think in the comment section 💬
Matic what the trick in the pump?Matic surge caused after Polygon was selected to participate in Disney’s accelerator program.
What’s the trick?
If MATIC rejected at $0.75 or in the worst case at $1.08 -due to too many short orders-, the probabilities of breaking the $0.38-0.29 demand zone are highly increased.
Under these conditions, next support is $0.04 or lower; a 94% fall from the current price.
For a wise investor its better to buy the $1.08 bullish retest than the current price $0.75.
ETHUSDT wants the demand zone?We are locking more than 19% since my first idea. At the moment the price lost the support and retest it as new resistance on 0.5 Fibonacci level.
The price could have a new bearish impulse and breakout
How to approach?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
GBPUSD Don't BUY too Soon! STRONG Rise Coming.Welcome back! Here's an analysis of this pair!
**GBPUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
MATICUSDT wants the demand zoneMatic lost the 4h support after the breakout from the ascending triangle and now the price is going to retest a big demand zone on 0.3$
How to approach it?
the price could get new liquidity in order to create a new bearish impulse until the demand zone. According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐