Demand Zone
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.
META LongWeekly RSI divergence
Demand Zone created 1/20/2016
Earning 10/26/2022 Gap and run to demand zone.
Entry 96
Stop 86
Target 140
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
AUDNZD I Potential buy from demand zone Welcome back! Let me know your thoughts in the comments!
**AUDNZD 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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NASDAQ (US 100) PERFECT BULLISH SETUPCURRENCYCOM:US100
HI , TRADER'S OUR PREVIOUS TP OF SELL ACHIEVED .
We Are Trying Our Best to provide you EXPERT analysis daily
Now after hitting 200 ema 4hr TF market is bit over sold
Price Action will Cool down A bit and can retest 20 ema at 12233 area
Short term buy entry could be profitable .
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SWING TRADING: LONG EURUSD. TARGET 1.11500TRADE TYPE: INSTANT ENTRY LONG
TRADE DIRECTION: LONG
TIMEFRAME: DAILY
ENTRY PRICE: 1.06350
STOP LOSS: 1.040000
TAKE PROFIT: 1.11480
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
SWING TRADING: SHORT USDJPY. TARGET 126.800TRADE TYPE: INSTANT ENTRY SHORT
TRADE DIRECTION: SHORT
TIMEFRAME: DAILY
ENTRY PRICE: 134.750
STOP LOSS: 136.350
TAKE PROFIT: 126.800
RISK TO REWARD: 1:5
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high
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