Get started

Demand Zone

📊 Navigating The Trading Range📌What Is a Trading Range? A trading range is a period during which an asset consistently fluctuates between high and low prices. The upper limit of the range acts as a resistance level, meaning it tends to hinder further price increases. The lower limit of the range serves as a support level, providing a barrier against significant price declines. When an asset breaks through or falls below its trading range, it usually means there is momentum (positive or negative) building. A breakout occurs when the price of a security breaks above a trading range, while a breakdown happens when the price falls below a trading range. Typically, breakouts and breakdowns are more reliable when they are accompanied by a large volume, which suggests widespread participation by traders and investors. Many investors look at the duration of a trading range. Large trending moves often follow extended range-bound periods. 📌Support and Resistance If an asset is in a well-established trading range, traders can buy when the price approaches its support and sell when it reaches the level of resistance only if there is confluence and signs for it. Using volume is a good indication of spotting continuation or reversals. If the price is approaching a support level with high sell-side volume, its a good indication it might just break down and continue the downtrend to the next support zone. You can define major support/resistance zones where there was clear reaction in the past and use them as major pivots to guarantee safer entries. Always remember two key things about S/R. The first is, the more times a S/R zone is tested the higher the change a breakout/breakdown will occur. Once a S/R breaks, it will automatically turn into the opposite of what it was, the price break out of the resistance and range above. That previous resistance will act as a support level next time the price action touches it. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
Overall Bullish, But I'm Countertrending This Trade💹 GBPUSD is currently experiencing an overall bullish trend, as evident from the Weekly Chart (right) showing bullish movement within the Buy Zone. ⛔️ However, as a Counter-Trend Trader, I'm eyeing a potential shorting opportunity on GBPUSD based on the setup on the daily chart. 🔍 My trading approach will shift to bullish once it hits the key support level or the bullish trendline. 📊 Stay tuned for more trading insights and updates!
Long
by RaynLim
XAUUSD | Price Action | New perspective | follow-up detailsGold clings firmly to its coveted $1,900 handle! The stage is set for an intriguing turn of events, especially in the wake of a milder-than-anticipated U.S. jobs report for June. This unexpected twist suggests a potential dampening of the Federal Reserve's hawkish stance as its policymakers prepare for their upcoming rate review in three weeks. In the face of this economic backdrop, gold staged a remarkable rally following the Labor Department's revelation on Friday that June witnessed a lower-than-expected addition of 209,000 new hires, with revised figures for May at 306,000 (a downward adjustment of 33,000), the unemployment rate exhibited a decline from 3.7% to 3.6% in June. Moreover, average hourly earnings saw a mirrored increase of 0.4%, matching May's growth. While the mid-week exerted pressure on gold, it emerged triumphant, holding firm above the $1,900 mark and even recovering some of its losses. This feat has set the stage for a potential surge in bullish momentum, teasing us with anticipation for the week ahead. The prevailing market sentiment remains unabashedly bullish, with traders seizing the momentary weaknesses as an opportune time to enter the market. XAUUSD Technical Analysis (Price action): In this video, we delve deep into a comprehensive examination of price action, as we carefully study accumulation and distribution patterns. By scrutinizing past price movements, decoding market behaviors, identifying recurring trends, and pinpointing significant support and resistance levels, we have unearthed invaluable insights into the motivations and actions of both buyers and sellers. In this regard, we have placed particular emphasis on the key level at $1,930 which will serve as our yardstick for the upcoming week. This pivotal threshold holds the power to sway the direction of price action in the upcoming week, making it a focal point of utmost importance. The reactions observed within this zone, especially during the first half of the week, will serve as indispensable indicators, guiding our trading decisions. Prepare yourself to seize the opportunity that lies ahead! Armed with my updates and precise analysis, you'll be equipped to make well-informed and strategic trading choices throughout the week. The stage is set, the spotlight is on, and the drama of the gold market awaits your presence. Stay tuned for an exhilarating journey that will empower you to navigate the labyrinth of trading with confidence and finesse. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
3
GOLD/XAUUSD BUY AND THEN SELL or BUY?🔰 Pair Name : XAU/USD 🔰 Time Frame : 1 HOUR 🔰 Scale Type : MID SCALE 🔰 Direction: BUY THEN SELL During the US 4th of July bank holiday, Gold experienced minimal price movement. On Monday, the price reached $1930.76, which corresponds to the Fibonacci level, and then spent the following two days retesting the 78.6% Fibonacci level within the range of $1922.64. If you are uncertain about trading within channels, it may be beneficial to analyze demand and supply zones, as well as Fibonacci tools. Currently, Gold exhibits a robust bullish momentum towards the Fibonacci level at $1938.99, precisely aligned with its recent one-hour key high. With the imminent release of the FOMC minutes later today, we expect the Gold price to continue rising towards the $1938.99 area, representing the Fibonacci extension level of 121.7%. However, there is a possibility of a false breakout occurring at the key high level, leading to the extraction of remaining liquidity that has accumulated over the past week and a half. Subsequently, we may witness a decline towards at least $1930.76, followed by $1926.43 at the Fibonacci levels of 100% and 88.6% respectively. Depending on market conditions, there is a chance that the price may either drop further to $1892 or rise to the Fibonacci extension level of 161.8% to address the significant market imbalance between the $1939 to $1950 range. The subsequent price action will heavily depend on the outcome of the FOMC meeting tonight and any significant news announcements expected tomorrow. We recommend staying updated with our team's insights and analysis.
TVC:GOLDLong
by Moon_SmartMoney
1
GBPAUD: Long Opportunity at Demand Zone with 1.77 R PotentialThe GBPAUD pair has a demand zone on the 1-hour chart between 1.89943 and 1.89800. If the price drops back to this zone, we may see an increase in buying pressure and a potential upward price movement. This could be a good opportunity to go long. Set the target at 1.90215 for a possible risk to reward ratio of 1.77 R, meaning a potential profit of 1.77 units for each unit of risk. Set the stop-loss rule for this trade as follows: If we see a closing candle below 1.898 on the 1-hour chart, it may mean the demand zone was absorbed, indicating it's time to exit the trade. As always, take into account other market factors and your own risk management before trading.
Long
by Nuno_Nascimento
USD JPY - Fresh demand zone, fresh buysG'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Three, Four Day Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Daily Weekly Monthly Do you enjoy the setups? Professional analyst with 6+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIII
by LupaCapital
1
GOLD/ XAUUSD LONG/BUY🔰 Pair Name : XAU/USD 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SELL THEN BUY Undoubtedly, Gold remains subjected to significant selling pressure. Nonetheless, considering the technical aspects, it is crucial to emphasize that Gold is presently in the process of rebalancing the market through the accumulation of liquidity within the range of 1937-1940. As the price nears the 1921 level and subsequently retests the manipulation zone of 1909-1910, it indicates that Gold is likely prepared to capitalize on the liquidity available at the 1H Supply Zone, specifically around its hourly key high near 1937. This situation presents a favorable opportunity for a retracement, aiming to rectify the market imbalances that have developed over recent weeks. Based on our projections, the potential price target is expected to reside within the range of 1937-1940. Considering these observations, it is paramount to exercise caution and make well-informed trading decisions, while maintaining a vigilant approach to the dynamics of the market.
TVC:GOLDLong
by Moon_SmartMoney
My trading tactic and journal XAUUSDI place limit short selling order at the resistance level because i think at the end of this month the price of gold will close at the lower price in order to rebound next month (September) therefore, i am bearish on gold from today 10 Jul until at the end of this month. Example of grid trading I place limit sell order at 1930$ and STOPLOSS at 1960$ Target 1900$ risk 30$ reward 30$ I place buy limit oder at 1893 and STOPLOSS at 1860$ Target 1940$ my second order is at 1940$ / STOPLOSS at 1972$ Target 1900$ (0.618 fibonacci retracement resistance level) risk 32$ x 2 = 64$ reward 72$ x 2 = 144$ My third order is at 1952 / Stoploss at 1972$ Target 1900$ (0.782 fibonacci retracement resistance level) risk 20$ x 3 = 60$ reward 52$ x 3 = 156$
OANDA:XAUUSDShort
by kennkennntl
SWING TRADING: LONG USDCHF. TARGET 0.90385TRADE TYPE: INSTANT ENTRY LONG TRADE DIRECTION: LONG TIMEFRAME: 4H ENTRY PRICE: 0.89370 STOP LOSS: 0.88850 TAKE PROFIT: 0.90385 RISK TO REWARD: > 1:1 ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low Follow this thread for any future updates regarding this specific trade. CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Long
by FX618Analysis
BTC ANALYSIS 8/7/23BYBIT:BTCUSDT.P We are BACK with other simple analysis and yes, we are still in that consolidation phase for now and just waiting to signal what way BTC wants to go but either way we adapt to whatever it is get some nice trades in. As far as we know guys, we could be about to blast all the way up to the 35k mark at any time! I am still longing as I am long bias although my risk is less and my SL is much tighter at this point in time. The biggest advice I can give out of this post is - *Stay extremely patient and don't pull any impulsive triggers. *Keep your risk to a minimum. *Make sure the SL's are tighter than usual. *As I said in yesterday's post take this time for studying on your craft OR yourself. Thanks guys.
by fusfamily