What's next for USDCAD ?Friends what do u think where will Price move in Upcoming week ? Trade safely my Friends and let me know your views on this in comments.
Demandandsupplyzones
ChoCHAUDCHF Next possible move wait for the price to return its original Demand for Safe entry after conformation.
Trade safely my Friends and let me know your views on this in comments.
Brent oil - Price Action Analysis Due to Ukraine-Russian war, CAPITALCOM:OIL_BRENT price was sharply accelerated But from Jun 2022 , price was making lower lows after unable to close the high and defeated.
So how far it can go, for that we need to understand price action in higher time frame.
Weekly TF (higher Timeframe) :
After Pandemic deep , Price clearly making higher- highs and also bounced from taking support of dynamic trend line. At the end of the week , Price may get support from the same dynamic line but still we didn't get confirmation whether it will continue the trend or it is a reversal?
That visibility is available in daily TF.
Daily TF :
After knowing from the higher TF (Weekly), we get a initial idea how's the price was reacted from dynamic trend line and also it is making falling wedge with structure of LH -LL.
There are two possibility we can get over here :
1. Either this bounced from the trend line will sustains and price will break this wedge structure and makes Higher - highs. (P -1)
2. Price will again reject from the mention levels and following the trend. (P -2)
In Conclusion , My observation still at the down side because there is no clear direction of structure breakout or change in price-action that supports any bullish price action.
Buyers can wait till price comes at demand zone or you can follow the price action.
Sellers can get opportunity when price reject from above mention levels and clear confirmation in terms of the volume and momentum.
If you have a different opinion, please share your thoughts in the comment section. If you like my ideas, please show some appreciation with a like and follow me for more such trade ideas. Happy and safe trading! :)
YEN DROPPED but worried about BOJSome news on the wire
source :(bloomberg)
Yen Falls After Hawkish Fed, Awaits BOJ Decision: Inside Japan
By Chikako Mogi
(Bloomberg) -- Yen falls after the Federal Reserve raised rates and provided a more hawkish outlook for its future rate path. Government bonds are likely to follow Treasuries higher ahead of the Bank of Japan’s decision.
USD/JPY up 0.2% at 144.31 after rising as much as 0.7% to 144.70 Wednesday
Short-term bullish flag forming and sets up for a breach of 145
USD is strengthening after hawkish FOMC and if BOJ stands pat, USD/JPY may rise toward upper 144 levels, says Yuta Suzuki, vice president at MUFG Bank in New York
If BOJ’s Kuroda changes his tone over the weak yen or suggests that the weak yen may impact monetary policy, USD/JPY could drop by 1 yen
Dot plot suggests Fed is determined to keep policy rate above 4% next year regardless of economic conditions
While intervention wariness remains, traders may need to raise their buying levels from around 140 if probability of monetary policy action from Japan is low
daily chart
4h
overall BULLISH
GBPJPY - StructureGBPJPY on the 1hourly chart at structure; any plans you have, traders?
Initially, it was the entry point to a Bearish Bat, but it is invalid now. Can anyone of you tell me why that is so?
USD/CHF UPWARD TRENDThe US dollar continues to rise, the upward trend on the USD/CHF pair breaks the previous resistance of 0.9660 and retests the area, the rejection from the area means the continuation of the rise
Chfjpy Short positions Looking to take short positions upon the recently formed supply which confluence with the inner h1 supply...The market is still looking for liquidity,we can tell because price unturned prematurely.
BTC / USDT ( SHORT) hello traders
I have confirmation that sellers will enter. I think it is the right time to sell Bitcoin
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
NZDUSD NEXT MOVEConsidering that the price reaches the demand area, we expect it to react after reaching our target area.
GBPUSD NEXT MOVEConsidering that the price reaches the demand area, we expect it to react after reaching our target area.
NASDAQ PRICE IS GOING TO DROPPrice is going to crap some liquidity while closing the imbalances for sufficient price distribution and providing a chance for buyers to close their loss cheaper and sell their buys.
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.
DEMAND SUPPLY STRATEGY As we can see price is making correction and creating a Pull back, just wait for Price to react our zone for Short swing.
Trade safely my Friends and let me know your views on this in Comments.
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
Price actionAs currently price is moving sideways lets wait for Breakout of the Structure.
Trade Safely guys and let me know your views on this in Comments, Jai Hind Jai Shree Krishna .
GBPJPY LONG!!Inducement is fond below. Price could fill the area, touch the demand zone and collect the liquidity found on 162.790.
I'm going long (131pips)
RSR 140% pump!?$RSR is approaching a strong resistance zone around $0.0095.
The two zones to watch for the upcoming 140% rally are the greens (entry points)
I think before or after the relief rally RSR will return to the purple area.
AAPL ShortSupply Zone
Earning: 7/28/2022 Est. 1.16
Short 157
Stop 160
Target 138
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
EURCAD NEXT MOVEAs you can see, we have a demand area.
We expect the price to react by reaching the 1.31825 area.
EURNZD NEXT MOVEAs you can see, we have a demand area. to which the price has reacted and we expect it to continue its downward trend
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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