Demand Zone
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 :)
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
GBPJPY Long before news!My analysis is based on an entry strategy that I often apply. I proceeded to identify a demand zone after a structural breakout (BOS). Then, I looked for confirmation on M15 and subsequently identified an entry point with Fibonacci. The target is two targets with a final target in the 172.40 zone RR 1:7.
Let me know what you think.
Happy trading to all.
Forex48 Trading Academy
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✅✅
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*
NEARUSDTIn the chart, you can see that we have seen a downward movement that has created a downward trend line.
The price was previously rejected by the 0.618 Fibonacci line and was rejected again by the 0.5 Fibonacci line and went down.
I expect the price to rise to $2.075 and go back down, and of course we have good support at $1.75.
Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.
When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin
🔴Resistance Line 29729$
🔴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
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.
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
USDCHF - Double Top 📉Hello Traders👋🏻
On The Daily Time Frame, The USDCHF Price Reached a Supply Zone (0.89761-0.89878) ✔
The Price Failed To Create New Higher High 📈
Currently, USDCHF formed a Double Top Pattern ✔
The Neckline is Broken 🔥
If Price Stays Under The Key Zone USDCHF Can Continue The Bearish Move 📉
-----
TARGET: 0.88780🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
AUDCAD - New Bearish Move 📉Hello Traders 💖
On The Daily Time Frame The AUDCAD Price Reached A Resistance Level 0.91064-0.90806 !
Currently, The Price Failed to Create new Higher High 📈
If Price Stays Under The Key Zone, AUDCAD Can Continue The Bearish Move 📉
-----------
TARGET: 0.89800🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
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 30191$
🔴Resistance Line 29346$
🔴Resistance Line 29148$
🔴Resistance Line 27837$
🟢Support Line 27201$
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
USDNOK - Resistance Becomes SupportHello Traders 💖
On The Daily Time Frame The USDNOK Price Reached A Resistance Level 10.55525-10.60426 ✔
Currently, The Price Broke The Key Level (Resistance Level Becomes New Support Level)
If Price Stays Above The Key Zone, USDNOK Can Create New Higher Low and Continue The Bullish Move 📈
-----------
TARGET 1: 10.68262🎯
TARGET 2: 10.74918🎯
GBPNZD Long Trade?On GBP/NZD, we have a bullish trend. The market has formed a demand zone where the price has created false breakouts, and where I have identified a point of interest (POI). At that point, I will wait for a price retracement for a potential long trade.
Let me know what you think in the comments.
Happy trading, everyone.
ETH - Key Levels To Watch 👀What's up traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH hourly chart.
No need to beat around the bush, let's dive right in...
Ticker: ETHUSDT
Date: 04/26/23
T imeframe: 1H
Key Levels:
Supply: 1935-1965 (1st red zone), 1990-2005 (2nd red zone)
Demand: 1800-1825 (green zone)
Other key levels: 1875-1890 (1st grey zone)
Commentary:
First Republic drama had cryptocurrency bulls gain back control of the market yesterday. However, Ethereum has come back to retest demand at 1800 today.
Ethereum pretty much satisfied the Bearish Scenario 2 from our last analysis on 04/23/23, except it found demand at 1800 rather than ~1770 - a big psychological level.
Currently, we are trading just under ~1875-1890 key zone and supply from the earlier this week that is being respected well. Here are a few trades we could target from here:
✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1800-1825 and buyers to emerge again for an upside move, possibly into ~1935-1965 supply or higher. Be cautious of the key zone around ~1875-1890 in this scenario. This is the safer upside play.
✅ Bullish Scenario 2: you want to see price trade above this ~1875-1890 zone, retest this zone and turn it into demand to catch a break and retest for an upside move, potentially into supply at ~1935-1965.
✅ Bullish Scenario 3: you want to see price rally and break supply at ~1935-1965, pull back into it to turn it into demand and find strength again for a move into next supply at ~1990-2005.
------
🟥 Bearish Scenario 1: you want to see price approach supply at ~1935-1965, sellers to regain control and possibly catch a break and retest of this supply zone into the key zone ~1875-1890 or demand at ~1800-1825. This will be the safer downside play.
🟥 Bearish Scenario 2: you want to see price reject here at ~1875-1890 for a move into ~1800-1825 demand.
🟥 Bearish Scenario 3: you want to see price break demand at ~1800-1825, retest and turn this zone into supply for a further downside move into ~1770.
That's all we got for you in this one.
So what do you think? Are you bullish or bearish on ETH?
Let us know in the comments below!
We'll see you in the next one.
-The AlgoBuddy Team
PFE Large Cap Pharma increased its dividendPFE just raised its dividend On the chart it has been trending downward
as shown also by a down sloping anchored VWAP bands. Price is currently
sitting at long term support and two standard deviations below VWAP.
It appears to be ready to reverse from the deep undervalued area.
In confirmation, teh voume indicator shows moderate increased relative
volume compared with March. I see this as a good opportunity to enter
a swing long trade or investment. PFE has its increased dividend as a
hint to shareholders of increasing earnings also with the next generation of
COVID vaccines in the pipeline along with a diversified line of other
products. The only thing that will slow PFE down in federal legislation to
limit the retail MSRP prices of its products to all consumers including those
with no insurance and commercial coverage outside federal programs.
PFE is solid as a rock. I see the buy signal.
XAUUSD Long or Short?I have an open long trade on gold with a target of 2011. At the moment, my view is neutral. We have a price that is testing a small supply zone multiple times on an hourly chart. Above this zone, there is a larger one that I will use as a basis to look for a setup for either a long or short trade.
Let me know in the comments what you think.
Good trading to all.
MILN Electric Vehicle Penny Stock MULN is a nine-penny stock that is high volatile with a wide ATR.
On the 15-minute chart, price is currently sitting above the support zone
shown by the Luxalgo indicator. Upside to the resistance zone is
nearly 40% which this stock can do in 1-2 days. Just in the past two days
MULN formed a double top at 12 cents near to the VQAP + 2 then tended down.
After the downtrend price currently in the undervalued range one standard
deviation below VWAP which MULN is using for support.
The RSI confirms price as in the low oversold zone while the high relative
volume in the past couple of days affirms trader interest. Once a reversal
is steadily underway I suspect a volume surge will drive price higher
and do so quickly.
I see this as a great opportunity to take swing long trade looking for
at least 1/2 of the upside 40%. The stop loss will be set just below the support zone.
If price moves there the trade is invalidated. If not the target is 12 cents at the
level of the double top or alternatively a more conservative target of one standard
above VWAP ( blue line) at about 11.4 cents. Lastly, there is the alternative of
inexpensive options which if taken strategically can significantly leverage
the returns of a stock trade.
USDCHF I It will go up from demand zoneWelcome back! Let me know your thoughts in the comments!
** USDCHF 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.
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