NZDCAD Is there a Long Trade?On this exchange, we have a market that shows a price in a congestion phase. In my analysis, I have identified a very important demand zone where the price has produced two spikes, validating the zone. Within this demand zone, I have marked another one. The strategy in question involves using the latter as an entry point.
Let me know what you think in the comments.
Happy trading to everyone, bye.
Demand Zone
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 30451$
🔴Resistance Line 30191$
🔴Resistance Line 29148$
🟢Support Line 28136$
🟢Support Line 27846$
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
Bitcoin - Do The Bulls Stand A Chance?What's up traders! In today's breakdown, we're taking a look at some possible scenarios for Bitcoin in the coming days / weeks.
Let's dive right in...
Ticker: BTCUSD
Date: 04/21/23
Timeframe: 1H
Supply: 28525-28800 (1st red zone), 30280-30600 (2nd red zone)
Demand: 27560-27830 (green zone)
Commentary:
It seems like we finally got the break of the bullish momentum in the crypto market. For any upside continuation, this could be a much needed pullback for a healthier move back into 30k+ for bitcoin.
Until we break strong demand at 25000, we can count on bitcoin resuming its recovery so any significant bearish bias should be avoided. That being said, we need to be cautious of supply zones above if we are bullish.
The good thing is that this pullback has identified key supply zones for us that we need to be cautious of, making our long plays easier. We are currently approaching / already validating demand at ~27560-27830. There are a few plays we could target from here.
✅ Bullish Scenario 1: you want to see price hold this ~27560-27830 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around ~28525-28800. This will be the safer upside play.
✅ Bullish Scenario 2: you want to see price hold this ~27560-27830 demand, find strength, have volume build up to break the supply zone around ~28525-28800, and then retest the ~28525-28800 zone to possibly move into the highs from earlier this week and ~30280 supply.
🟥 Bearish Scenario 1: you want to see price approach supply from a couple weeks ago around ~28525-28800, sellers starting to accumulate and possibly catch a break and retest of this supply zone into demand at ~27560-27830 again. This will be the safer downside play.
🟥 Bearish Scenario 2: you want to see price break this ~27560-27830 demand, retest, find weakness again and possibly move into late March lows around ~27000.
Am Back!!!!!After a long while guys....am back.
Without bothering u on all the details....let's get into today's breakfast(London time)...
If u saw the bullish setup before me....
Indicate below.....u must be really smart!!
If u didn't....dosent matter...(we are eating today, probably...)
Okay....EURAUD has been in a strong uptrend on the Daily and even 4H.....
A retracement to the previous pullback level just happened.(fib 50&60)
Plus.....its in an Ending Diagonal on the 4H..
The probability for a bullish recovery is high
An going in on the LTF with my killer techniques..... Feel free to join me with any entry strategy u have....
Like
......and subscribe......or I'll take ur stop loss😆
GBPAUD I Potential buy from support Welcome back! Let me know your thoughts in the comments!
** GBPAUD 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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ETH - Who Wins This Battle? 🗡️What's up traders! In today's breakdown, we're taking a look at our favorite #2 crypto in Ethereum.
Let's dive right in...
Ticker: ETHUSD
Date: 04/19/23
Timeframe: 1H
Supply: 2044-2068 (1st red zone), 2116-2148 (2nd red zone)
Demand: 1924-1946 (1st green zone), 1826-1860 (2nd green zone)
Commentary:
Ethereum has created a big gap between these demand and supply levels. With Ethereum now pulled back down, this creates an opportunity for a healthier move upwards if we are to continue this rally.
We have just held demand at ~1920 earlier this morning and are attempting to hold it again. This level is a previous double top from a couple weeks and a week ago so it is an important level to look out for. We should not be shorting Ethereum until this level is broken to the downside.
With that being said, volume is currently accumulating on the downside so a break and retest of this level for further downside could well be a good play.
✅ Bullish Scenario 1: you want to see price hold this ~1920 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around 2050. This will be the safer upside play.
✅ Bullish Scenario 2: you want to see price hold this ~1920 demand, find strength, have volume build up to break the supply zone around ~2050, and then retest the ~2050 zone to possibly move into last week's high around ~2130.
🟥 Bearish Scenario 1: you want to see price break this ~1920 demand, retest, find weakness again and possibly move into last week's lows around ~1860.
🟥 Bearish Scenario 2: you want to see price find weakness again at ~2050 supply zone after holding this ~1920 demand for a move back into the ~1920 demand zone.
Possible 30R Gold Long - Swing trade - Smart Money Concepts/ICT1. Price has come back to mitigate the 4H +FVG (Fair Value Gap) created on the 4th April, sweeping a PDL (Previous Day's Low) in the process to clean out the stop losses of anyone in early longs from this past week. This is an early entry signal and I have started to scale in with a scalp. (This higher risk trading, and not financial advice!)
2. Price has also retraced to a W +OB (Order Block)
3. We have SMT divergence with Silver, which has not swept the same low; another bullish signal in SMC (Smart Money Concepts) - although it would be better to have the SMT divergence with the previous structure than the current one as this is still unconfirmed (Silver can still make a lower low!)
ENTRY: ***IF*** price displaces/moves impulsively away now on the 15m timeframe, it can come back to fill the 15m +BPR (Balanced Price Range) left after the sweep of the 4th April lows. a 15m ChoCh (Change of Character) A.K.A. MSS (Market Structure Shift) would be ideal, but the last 15m swing high to be broken is a bit far away so the BPR fill is the alternative. This also lines up with the 4H +FVG which has a 4H +OB/Demand Zone below it.
I have placed my stop loss below the Pennant's rPOC (Range Point Of Control) for a peace of mind instead of the wick of the stop hunt.
I will post a zoomed in chart below.
USO Up or Down OIL ECOMONY in fluxAs certain countries want to exchange oil for money with anything but USD such as Chinese Yen
or even a cryptocurrency to be launched by US neutrals or adversaries cooperating, USO on
this chart rose dramatically over the past month and is now sitting at resistance as shown by
the LuxAlgo Supply and Demand Zone indicator. The RSI shows possible bearish divergence
perhaps heralding a reversal of the uptrend. I see this as a good place to take a short sell
entry and most buyers have taken their profits. Fundamentally there are enough competing
geopolitical and macroeconomic factors to deprive USO of the energy to push through resistance.
See also the link below from US federal forecasters.
I see this as a short trade at a limit price below the resistance zone and stop loss above it.
Profit targets can be the VWAP, the midline between the supply and demand zones as a 50%
Fibonacci retracement of the uptrend and finally one standard deviation below the anchored VWAP
making for a safe three-tiered take-profit procedure to optimize profit and diminish risk also
adjusting the stop loss at intervals using ATR as a guide. 40% at each of the first two targets
and the remainder at the last. Put options 20-30 DTE at the a strike above the resistance zone
for a good delta are another consideration.
EURGBP - New Selling Opportunity!
Hello Traders !
On The Daily Time Frame The EURGBP Price Reached a Resistance Level ✔
The EURGBP Price Was Trading in a Bullish Structure but The Price Came Under Renewed Selling Pressure 📉
He Failed to Create New Higher High 📈
Currently, The Support Line is Broken🔥
So, I Expect a Bearish Move📉
----------------
TARGET 1: 0.87920🎯
TARGET 2: 0.87540🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Bitcoin Short-Term 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 30487$
🟢Support Line 30191$
🟢Support Line 29346$
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
USDCAD possible change in trendUSDCAD
Over the past month, the USDCAD has been in a steady downtrend. On Friday, we observed the swing moves and identified an internal high that could be used as a selling opportunity to continue the downward trend. However, due to recent market changes, we are now considering a potential shift in momentum towards an upward trend. This is because the market has shown a clear sweep of the low and a strong impulse to the upside, surpassing the nearest swing high moves. This suggests the possibility of a trend reversal. Therefore, we plan to sell into our extreme demand area and wait for a confirmation entry to further validate our assumption of a bullish shift in price.
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!
EURUSD Forecast Navigating Supply and DemandIn our previous EUR/USD technical outlook, we discussed the possibility of the 1.0851 supply level turning into a demand level. On 10th April 2023, the price rejected this level, setting the stage for a push higher.
Chart Analysis: EUR/USD Resistance and Support
The daily EUR/USD chart shows the price reacting off the resistance zone around the 1.10422 level, with a support zone at 1.09098. If this support is invalidated, we can expect the price to test the next support at 1.07088. The 4-hour chart reveals a bearish divergence, and the 1-hour chart indicates a potential pull-back with the MACD below its zero line.
Economic News Impacting EUR/USD
The Euro will be affected by the ZEW economic sentiment and higher Euro Area inflation in the coming week. These factors, alongside hawkish ECB rhetoric, may impact the EUR/USD pair in the short term. The currency pair recently hit a yearly high of 1.1075, but a consolidation period may be needed before further upward movement.
Stay updated on the latest EUR/USD news and analysis by checking out real-time rates, interactive charts, and expert insights.
Upcoming Economic News
Keep an eye on the economic news scheduled for the week, including:
Mon, Apr 17: USD Empire State Manufacturing Index & EUR ECB President Lagarde Speaks
Tue, Apr 18: EUR German ZEW Economic Sentiment
Thu, Apr 20: USD Unemployment Claims, USD Philly Fed Manufacturing Index, USD FOMC Member Waller Speaks, and USD Existing Home Sales
Fri, Apr 21: EUR French Flash Manufacturing PMI, EUR French Flash Services PMI, EUR German Flash Manufacturing PMI, EUR German Flash Services PMI, EUR Flash Manufacturing PMI, EUR Flash Services PMI, USD Flash Manufacturing PMI, and USD Flash Services PMI
By monitoring technical analysis and upcoming news, traders can make more informed trading decisions in the EUR/USD market.
USD JPY - Back on the move upG'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
Weekly chart
Monthly Chart
Let me know your thoughts and analysis. Each opinion is valid where research is conducted.
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Professional analyst with 6+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
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Bitcoin Short-Term 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 30221$
ⓢ Support Line 28580$
ⓢ Support Line 28216$
ⓢ Support Line 27867$
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
EUR/USD Short-term & Longterm IdeasWhats up TV community. just want to share with you guys my view on EURUSD. From yearly Topdown to Daily.
We touched the Yearly Demand level & the 3Month Chart has a strong bullish candle which engulfed the previous bearish candle. (some bull signals) on Monthly timeframe we eliminated the last Supply CP and we created nice demand level with imbalance, which indicates more bulls kicking in. Now we jump to Daily timeframe and use our fresh demand levels to jump into the rally .
Never forget one major thing. Follow your trading plan. i am just sharing ideas. If something big happens with fundamentals technicals can change never forget that.
Enjoy your trading.
XAUUSD FALLING WEDGE BREAKOUTHello traders,
Gold has broke out of the falling wedge pattern, the fair value gap has been filled and the chart is balanced. Gold has been forming a higher highs and higher lows which is a plus for the Pattern. Live a like and comment down below what you think about my analysis.
Enjoy!
NAS100 Weak momentum observed 👀Hello traders,
Nas has been bullish for a while trading up making a higher high and higher lows, as you can see in the chart it has recenlty failed to make a higher high. Nas could potentially drop to around 12530.00 if it breaks the channel and the Lower low. Leave a like and comment down below your thoughts on my anlaysis.
Cheers 🥂