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Demand Zone

XAUUSD 14TH MAR Hello everyone! It's great to be back with our weekly analysis for the gold market. Last week, we successfully played out of the supply zone we identified for sells and we're now seeing price break down. There is currently only two small gaps left to be filled, with one being in the area we marked as *gap to be filled*, This gap represents an imbalance between the last impulsive shift from our previously created swing low and the newly formed bearish range. We expect price to fill this gap before any potential bullish shift. Furthermore, we've noticed liquidity around the most recently formed swing low and an imbalance sitting directly below it, which leads us to believe that there could be a potential bearish sweep before continuing with the overall bullish trend. While we know that this pair is overall bullish and has a fundamental narrative behind it, we're going to follow the order flow that is being shown to us directly. Last week, we successfully followed the pair bullish and then bearish, resulting in clean trading ranges. Moving forward, we're looking for price to continue its bearish narrative with the weekly high being formed on Monday or Tuesday, leading to a bearish week ahead. From that point, we'll be looking for the gap area we highlighted for a potential bullish break to the upside. We'll then look to follow this bullish trend into the overall continuation of our larger timeframe trend. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by rosshayes
2
Potential reversal Outlook on GBPUSD: last week we managed to catch the drop of the pair two times exceeding 150 points. looking at the pair we se that it has not managed to break above the resistance line. Now we see a reversal pattern rebounding off a key supply zone. Our view is still bearish but we will wait further confirmation before entering any trade. If price closes below 1.26238 , we will look to enter a short position targeting 1.256. Closing below it could take us to test the demand area between 1.24373 and 1.24489.
by lacasafxfamily
CHZUSD: Holds Demand Line as it Attempts to Spring Above SupportChiliz after Retracing to the .886 PCZ of a Potential Bullish Deep Cypher has bounced back into a Previous Zone of Support and is now Holding on to a Potential Demand Line. It also appears to be double bottoming on significant timeframes at these levels. If CHZ can successfully hold the line here we could see it go up to target the Neckline of the Double Bottom at and if things go really insane we could see it make a full upside .886 Retrace.
Long
by RizeSenpai
Litecoin - Scenarios To Watch 👀What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the Litecoin 1H chart. Let's dive right in... Ticker: LTCUSDT Date: 05/12/23 Timeframe: 1H Supply: 83.82-85.24 (1st red zone), 89.07-89.86 (2nd red zone) Key zone: 81.41-82.00 (grey zone) Demand: 75.18-77.74 (green zone), 65-67.58 (green zone) Commentary: LTCUSDT seems to be one of the few cryptos that have established a low on this move down and continues to respect demand down at these lows. This means it could be one of the tickers to play now that we have established new demand and supply levels. Currently it seems to be respecting this ~82 level grey zone as supply but if this 75.18-77.74 demand holds up it is only a matter of time that this zone gets broken. There are a few trades we could target from here: ✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~75.18-77.74 and buyers to emerge again for an upside move, possibly into ~81.41-82 key zone or higher into supply at ~83.82-85.24. This is the safer upside play. ✅ Bullish Scenario 2: you want to see price break above ~81.41-82 key (grey) zone, pull back to retest this zone and turn it into demand to catch a break and retest for a further upside move, potentially into supply at ~83.82-85.24. ✅ Bullish Scenario 3: you want to see price rally and break both this key (grey) zone and supply level at ~83.82-85.24, pull back to retest ~83.82-85.24 zone and turn it into demand to catch a break and retest for a further upside move potentially into next supply at ~89.07-89.86. 🟥 Bearish Scenario 1: you want to see price approach this key (grey) zone at ~81.41-82, sellers to regain control as they have done since Wednesday this week, and possibly catch a retest of this zone into demand at ~75.18-77.74 again. This will be the safer downside play if it sets up soon. 🟥 Bearish Scenario 2: you want to see approach supply at ~83.82-85.24, show weakness, possibly retest this zone and reject again for a move down into the grey zone or further down into demand. 🟥 Bearish Scenario 3: you want to see price break below demand at ~75.18-77.74, pull back up to retest and turn this zone into supply for further downside into March lows. There is a demand zone at ~65-67.58 so be cautious of that. That's all we got for you in this one. So what do you think? Are you bullish or bearish? Let us know in the comments below! We'll see you in the next one. -The AlgoBuddy Team
by QuantVue
2
Ethereum - 6 Possible Scenarios 🧠What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH 30m chart. Let's dive right in... Ticker: ETHUSDT Date: 05/10/23 Timeframe: 30min Supply: 1875-1890 (1st red zone), 1915-1935 (2nd red zone) Demand: 1780-1820 (green zone) Commentary: Major crypto as of 4PM ET stands exactly where it was before CPI data. Crypto has mainly followed the futures (ES and NQ) with price action today - rejecting supply levels to test major demand and then rallying back to break supply levels. If major crypto is to continue following the futures, we are to see continuation on this move up. With the major pullback that we have seen since last Friday, the risk to reward also favors bullish bias. With that in mind, however, we need to be option to trade all sides and there are a few scenarios we could target from here: ✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1780-1820 and buyers to emerge again for an upside move, possibly into ~1875-1890 supply or higher. This is the safer upside play. ✅ Bullish Scenario 2: you want to see price break above ~1875-1890 supply zone, pull back to retest this zone and turn it into demand to catch a break and retest for a further upside move, potentially into supply at ~1915-1935. ✅ Bullish Scenario 3: you want to see price rally and break both supply levels, pull back to retest ~1915-1935 zone and turn it into demand to catch a break and retest for a further upside move potentially into last weekend's highs. 🟥 Bearish Scenario 1: you want to see price move up and approach supply again at ~28650-28890, sellers to regain control and possibly catch a retest of this supply zone into demand at ~27660-27960 again. This will be the safer downside play. 🟥 Bearish Scenario 2: you want to see price break demand here at ~27660-27960, retest and turn this demand into supply, and find weakness again for a move into ~26500-27000 demand. 🟥 Bearish Scenario 3: you want to see price break demand at ~26500-27000, retest and turn this zone into supply for a further downside move into ~25300. That's all we got for you in this one. So what do you think? Are you bullish or bearish? Let us know in the comments below! We'll see you in the next one. -The AlgoBuddy Team
by QuantVue
10
Bitcoin Scalping PlanHello friends. According to following reasons i personally go LONG for BTC/USD : 1 - Reach the Higher Timeframe Valid trendline. 2- shape an Bullish Engulfing pattern on this line. 3-Reach the 27000 support level. 4-Bullish divergence Between Price and RSI. 5-Long distance from 50 , 100 and 200 EMA So for these reasons i think we can go up till drawn trendline and price 28200. Trade R/R is 1:2 and after that we should look after price for next analysis. Thanks for your supports.
Long
by TraderAmin-KZ
4
will the cable trade higher when BoE increases rates .. 1.30000?gbpusd , great british pound / u.s. dollar (the cable) economic outlook : on May 11 2023 the BoE is meeting and it is expected that they will hike the interest rates and even though on May 3 the Fed are also expected to lift rates there is a interest rate differential as the Fed are also planning to pause raising interest rates which could signal the british pound outperforming the u.s dollar. more positive for the sterling as, the united kingdom government is said to have borrowed less that expected which means there will be a fiscal stimulus that could add more bullish momentum on the cable. technicals : price has been trading is consolidation phase with the psychological low of the sideways range @ 1.19000 and the high @ 1.24500. bullish momentum is in control of price as price is respecting and holding bullish trendline by trading above it and is trading above the high of the consolidation phase @ 1.24500. i have targets at weekly supply level of proximal price @ 1.27800 but overrall bullish targets @ 1.30000 supply and demand FX:GBPJPY put together by : Pako Phutietsile presented by : @currencynerd courtesy of : @TradingView
Long
by currencynerd
2
USDCAD Long (1:36 RR)- Price initiates by coming down, forming an imbalance - Price then forms Sell Side Liquidity (SSL) which is then cleared when price goes lower (taking out SSL lows) - Price then retraces sharply back up, forming displacement on the 5m - Price forms a 3m Fair Value Gap (FVG) which occurs at a discount (<=50 FIB) - Price comes back and mitigates this FVG and this is where we go long - SL set a few ticks below the last candle that forms the Fair Value Gap (FVG) - TP set to Buy Side Liquidity highs on the 1H TF Enjoy :)
Long
by Sincityy
Big Brain Bitcoin Analysis 🧠What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the BTC hourly chart. Let's dive right in... Ticker: BTCUSDT Date: 05/08/23 Timeframe: 30min, 1H Supply: 28650-28890 (1st red zone), 29770-30040 (2nd red zone - strong supply) Demand: 27660-27960 (1st green zone - trading here currently), 26500-27000 (2nd green zone - strong demand) Commentary: Cryptocurrency as a whole seems to be consolidating since mid April. We have been trading between ~26500 and ~31000 for the most part since this time. Bitcoin has pulled back into high 27k and is now trading inside our demand zone of ~27660-27960. Bears need to be cautious of the demand zones we are now approaching. The risk to reward is currently on the upside. There are a few trades we could target from here: ✅ Bullish Scenario 1: you want to see price pull back into the strong demand zone ~26500-27000, buyers to emerge again, and possibly catch a retest for an upside move. This is the safer upside play. ✅ Bullish Scenario 2: you want to see price trade above this ~27660-27960 zone, retest this zone and validate it as demand to catch a retest for an upside move, potentially into supply at ~28650-28890. ✅ Bullish Scenario 3: you want to see price rally and break supply at ~28650-28890, pull back into it to turn it into demand and find strength again for a move into next supply at ~29770-30040. 🟥 Bearish Scenario 1: you want to see price move up and approach supply again at ~28650-28890, sellers to regain control and possibly catch a retest of this supply zone into demand at ~27660-27960 again. This will be the safer downside play. 🟥 Bearish Scenario 2: you want to see price break demand here at ~27660-27960, retest and turn this demand into supply, and find weakness again for a move into ~26500-27000 demand. 🟥 Bearish Scenario 3: you want to see price break demand at ~26500-27000, retest and turn this zone into supply for a further downside move into ~25300. That's all we got for you in this one. So what do you think? Are you bullish or bearish on BTC? Let us know in the comments below! We'll see you in the next one. -The AlgoBuddy Team
by QuantVue
4
KOTAKBANK BULLISH DIVERGENCE at the SUPPORT ZONE !!!Hello to everyone, Kotak Bank trading near weekly support zone & RSI Bullish Divergence also happening near support zone , which gives double confirmation that the price may go upside. So here perfect low risk and high reward setup. #KOTAK MAHINDRA BANK📈📉 👉🏻Stock approaching strong demand zone✅ 👉🏻 1690-50 Support👍 👉🏻Stock bouncing from support📈📈 👉🏻RSI Bullish Divergence On Weekly chart✅ 👉🏻TGT------ 1770/1808/1855+ 👉🏻Add To Your Watchlist✅✅
NSE:KOTAKBANKLong
by Jha_Nidhi
4
XAUUSD 7th mayThis week, the gold chart has surpassed the last major swing high, indicating a potential for higher prices, especially given the bullish fundamentals. We have identified the latest range using yellow dots and observed a significant amount of liquidity around and under the latest swing low. Therefore, to avoid becoming part of this liquidity, we will be cautious with our stop and entry. However, we must confirm by closing below the range low labelled on our chart. Additionally, we are monitoring the higher area for a possible counter-trend sell move, with confirmation entry only, and using the swing or major highs as our stop-loss protection. The large levels of imbalance both higher and lower suggest that shifts are likely to occur. As always, we will wait to see how the market behaves in the first session of the week. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading! *PURPLE ZONES ARE TO BE WATCHED FOR SMALLER TIMEFRAME SETUPS*
OANDA:XAUUSD
by rosshayes
2
Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin 🔴Resistance Line 29729$ 🔴Resistance Line 29371$ 🔴Resistance Line 29083$ 🟢Support Line 27832$ 🟢Support Line 27176$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
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
GBP JPY - Moving on up G'day, Master Key for zones Black = Yearly 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. Daily Chart Bonus Four day hour chart Weekly Chart Monthly Chart Let me know your thoughts and analysis. Each opinion is valid where research is conducted. 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
Long
by LupaCapital