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Demand Zone

13/02/23 Weekly outlookLast weeks high: $23462.5 Last weeks low: $22446.7 Midpoint: $21431 As BTC retraces down through the FVG that I previously stated I had my eye on, price has now hit both 1D & 4H 200EMA and the top of the previous consolidation range. Last week this area is where I stated I would look to do business as it provides decent support on the HTF, making sure the 1D & 4H 200EMA holds is pivotal continuing upward momentum. Personally without any big news events this is a solid place to start building Longs.
by ProR35
XAUUSD weekly biasSo XAUUSD has shown us in the last week that it may have to downside potential... this is due to the tap into supply above along with a breakdown of some of our midterm structures, we have yet to confirm this downtrend so we don't want to bank on it just yet... With the CPI looming and a heavy FVG above we could be set to clear some gaps and head lower, Of course, this is dependent on the CPI results, but overall we are looking for possible bearish moves lower. Remember, overall gold is in an uptrend, so we could just see the price continuing in that movement. But if we see a clear reaction at one of our points of supply above, then we could look to take price short. If we see Price had lower in the beginning of the week, this would make me believe that an upward shift coming in the latter half of the week is very probable. If we see an upward shift at the beginning of the week with a consolidation midweek, we could see the drop coming for the CPI. As per all trade ideas, we will be watching this on a lower time frame to establish whether price truly wants to move in the direction we believe.
OANDA:XAUUSD
by PipSurfingSociety
POSITION TRADING: BUY LIMIT ORDER FOR USDCAD. TARGET 1.40600TRADE TYPE: BUY LIMIT ORDER TRADE DIRECTION: LONG TIMEFRAME: MONTHLY ENTRY PRICE: 1.33100 STOP LOSS: 1.25500 TAKE PROFIT: 1.40600 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
Long
by FX618Analysis
1
SWING TRADING: SELL LIMIT ORDER FOR USDJPY. TARGET 129.550TRADE TYPE: SELL LIMIT TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 131.660 STOP LOSS: 133.100 TAKE PROFIT: 129.550 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 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
Short
by FX618Analysis
Analysis of US30 by SMC strategyAnalysis of US30 by SMC strategy. There are 2 possibilities at this moment from my point of view on US30. The first is to reach the first supply area and react from that point or to reach the 2nd supply area to react from there As a target/take profit, we have the liquidity area formed by the price area of 3950 Personally, I will set an alert in both supply zones and see how the ptree reacts, if there will be a continuous movement from the first supply zone or if it will react from that point. Personally, I strongly believe that the price will react from the 2nd supply, but no one can confirm this.
UShort
by UnknownUnicorn31584410
Is XOM a sell for the rest of this week? $110 or below?I have been patiently waiting for a break above $114.16 on XOM. (Typically very even level resistance and support levels are great traps to reverse us the opposite direction of the initial breakout) When we got it we immediately fell below on the retest, leading me to believe this is a false breakout to trap buyers from more volume based on earnings. Additionally, once we started selling above $117, we reclaimed the zone and retested earlier this morning and immediately rejecting all the way back down o $113. If the potential lower high is at $115.84 and can stay under $116, I think there's room to $110 or below. Fed day is over, have we already had our fun for this week?
NYSE:XOMShort
by Macks_MoneyTree