GBPJPY I Potential bounce from demand zone 🚀
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** GBPJPY Analysis - Listen to video!
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Demand Zone
GBPUSD I Local buy to 50% fib of bearish impulseWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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POSITION TRADING: SHORT AUDUSD. TARGET 0.58000TRADE TYPE: INSTANT ENTRY SHORT
TRADE DIRECTION: SHORT
TIMEFRAME: WEEKLY
ENTRY PRICE: 0.66550
STOP LOSS: 0.73400
TAKE PROFIT: 0.58000
RISK TO REWARD: >1:1
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed @ 78.6% SWING FIB RETRACEMENT.
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
BTCUSD:Bitcoin Something Big is cookingCME:BTC1! BINANCE:BTCUSDT
Hi , Trader's , As you can see in Graph , Bitcoin Is at Major support zone
Last 15-20 candles closes above demand zone
Price is trading in Low volume zone
As today is FED new's So expecting Big Movement
Price can shoot up and can hit the upper resistance
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AUDJPY I Intraday long from demand zoneWelcome back! Let me know your thoughts in the comments!
** AUDJPY Analysis - Listen to video!
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AUDNZD I Potential intraday buy from demand zoneWelcome back! Let me know your thoughts in the comments!
**AUDNZD Analysis - Listen to video!
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Gap Up or Drop Down?How's it goin traders, hope this recent rally has been treating you guys well. Here we have a potential gap up setup. We have a very aggressive uptrend currently and, we are approaching some supply zones that we will test and see if they prove to be strong resistance. Right now I see more up before we take profit/ have a small pullback. Thoughts traders? Have a good one!
XAUUSDHello traders.
I am patient at the moment with this gold price action.
In my opinion I see 2 possible scenarios.
1st is the stop hunt of retail buyers in conjuction with selling panic down to 1792 and then a buying reversal.
2nd one is the retest of the recent highs around 1845-1856 area which will be perfect for shorts.
Note: Weekly TF perspective, it is approaching a strong demand area.
Contrary Note: Broken Daily - 4H - 1H predominent trend.
Conclusion: Wait for the price to touch key levels! There is no need to rush.
Watch the calendar for any news incoming - especially major importants news.
Shift to 4H-1H-15Min for Price Action.
Tomorrow is Monday, so I prefer to see what will give to us, and enter in the Tuesday or mid week.
WTI-Oil 5TH MARIs Sunday again with starting our analysis off with WTI oil.
For us it's a pretty simple setup this week. We're looking for a play off of the supply at the high of our swing, we're looking for price to drop down lower towards the 15 minute demand that we have highlighted below.
Now of course, if we don't get a reaction at this supply. We will look for price to travel back down to buy up into the triple top we have on the daily time frame.
Make sure that you always use your confirmations to get into a trade and always be flexible with your analysis. Remember, sticking to your trading plan and consistently entering the same setups will bring you profitability.
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We hope you all have a profitable and successful trading week.
ABFRL AT CIP LEVEL +DEMAND ZONE !!Hello to everyone
The price trading near weekly demand zone . A significant decline has been seen in the price and the price is now trading near the demand zone . so the price can takes rest from the decline and can move upwards from the support zone .
If the price respects the support zone and if any bullish candle or formation is formed then we can build our position to the upside.
#ABFRL
👉Do Or Die level
👉Support seen at 222-220
👉Reversal sign
👉If holds then its can move for 260/280/300
👉Add to your watchlist
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
A mistake that most traders might makeOn the right is the daily chart, and on the left is the 4-hourly chart. It is a common mistake for traders that have been trading for 3-5 years and believe that the higher timeframe always supersedes the lower timeframe.
Similar to corporate hierarchy, our superior is not always correct.
There are a couple of factors that determine that. One of it depends on the overall market bias on the currency.
My Bias on the US Dollar pairs remains bullish; hence, I'm not motivated to short USDJPY aggressively when the market has a Bearish Bat Pattern formation. I would require to see a further market confirmation, like a Double Top form at completion, giving me an RSI Divergence before shorting the trade.
On the other hand, I'm waiting to long the USDJPY at 135.00 on the 4-hourly chart, which happens to be the Key Support Level.
Bitcoin on the daily continued...As Bitcoin rejects off the key area it's following the prediction path line accurately so far over 2 weeks after the initial idea was published.
The 4H 200EMA has provided support once again and on the 1D 30EMA support has held. Due to this BTC still has a good chance of progressing in the bullish trend if this structure holds.
However, the overall trend switches from bullish to bearish after price falls below the 1D 200EMA & the red dotted trendline.
Personally I think the chop will continue going into the weekend without any crazy news effecting the market.
WTI-Oil 26th FEB West Texas Oil
Lets start this Sunday analysis off with oil...
Were looking at a bullish to bearish switch in order flow from last week, so coming into this week iam looking for our current bearish flow to carry over and continue.
Price is currently sitting in a supply zone so we could see a sell off from market open, of course we confirm our moves as price delivers (not before).
The overall goal for this is to follow bearish moves down into our larger areas of demand that you can see highlighted below, as always price will show you where it wants to go as we start to move into new areas.
Now... the plan for me is to look for shorts either from the supply we sit in currently or the supply that is shown above.
If this area is not met or does not deliver as we thought then we will look for long at our demand...
*note the small area of demand we have marked at our last low, this is an area of possible reaction so be sure to watch how we behave here... we could see a pullback or even short term reversal from here*
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As always guys trade safe, stick to your trading plan.
I hope you all have an amazing trading week.
EURUSD 27-2-2023Euro is getting weaker and for now, i have a bearish bias on HTF
LTF looks bullish and we can see some up moves where to can profit from
B stands for balanced price
we can use this for where price needs to come, to continue the trend
in this case, it balanced price but I can go for a second round!
RSI BULLISH DIVERGENCE Near SUPPORT !!!BIOCON Trading near strong monthly support zone of .. 223--- 210. There is bullish divergence also between PRICE & its RSI in weekly timeframe.
Price also taking support near demand zone.
#BIOCON📈📉
👉🏻Stock approaching strong Monthly & Weekly Demand Zone✅
👉🏻 223-10Support Zone 👍
👉🏻Stock Showing Strength from support📈📈
👉🏻 Good For Investment View📈📈
👉🏻RSI Bullish Divergence On Weekly chart✅
👉🏻TGT------ 243/258/280++ ✅
👉🏻Low Risk High Reward Setup🎯
👉🏻Add To Your Watchlist✅✅
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.