[Vienmelodic] GBPCHF - 2 Jan 2025 SetupGBPCHF Market structure are still Bullish. Spotted demand area (Green Rectangle). its the first demand area and theres a bullish engulfing candle before the area so its the evidence of strong bullish continuation pattern.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
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Vienmelodic
Demand Zone
[Vienmelodic] CADCHF - 2 Jan 2025 SetupCADCHF Market structure are now in Bullish structure. Spotted demand area (Green Rectangle) and this area are breaking a new high so it the evidence of strong trend continuation.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Vienmelodic
[Vienmelodic] CADCHF - 3 Jan 2025 SetupCADCHF Market structure are making Bullish breakout once again. Spotted demand area (Green Rectangle) near our last worked area. this is the second demand area since we already got profits 1:3 on yesterday's setup
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Vienmelodic
BTC - Mind the GapVERY IMPORTANT: This is not a prediction in time. In fact, there's a 40-45% chance of one more high in BTC. But, what is pointed out here is the target, whether it turns around here completely or makes a new high.
You would be hard pressed to find a gap that hasn't filled since the inception of BTC futures. There's always a "This time is different" and I've heard every one of them since the inception of this contract.
Gaps are a place in time where the market became extremely imbalanced (assuming the market has adequate liquidity). The market is always looking to find balance, so even if the gap holds for hours or days, it commonly revisits that old price area. Traders like to say “all gaps fill,” but the timing can be erratic. If it takes too long, you might go broke before it closes.
It’s not a strategy by itself—context is everything. After the gap, I watch bar-by-bar follow-through. If momentum is strong, the gap might wait days or weeks to fill. If bars stall and reverse, the gap fill typically starts quickly. When the gap is left behind, it's only a matter of time.
As I said, it is not a strategy in and of itself, so you would be wise to overlay it with other market concepts and the narratives that affect the market you're trading.
One I left on the screen is the dashboard, which pulls over 100 signals from 14 indicators used in many trading systems. This metric sums to a bearish outlook (but it always will at the bottom of a downtrend too, so there is still no silver bullet).
The orange line is predicated on k-clustering, Fibonacci systems, price action patterns, trend rules.
The path is consistent with Elliott Wave Theory. There are other patterns that could develop, such as a prolonged B-wave (as a part of a larger 3-wave configuration rather than the 5 shown), a triangle. or some other pathing.
Timing is hard to predict because time is not a critical feature of price development. Prices and price derivatives are the critical features and from those we can derive levels and paths (patterns). So timing is hard because time is irrelevant to price progression.
...something you're probably not going to be taught anywhere.
PZone PRO ( Zone Buy or Sell )**PZone PRO Explanation**
🔹 **Overview**:
PZone PRO is an innovative trading tool designed to enhance your trading precision and save time. Using patented technology, PZone PRO analyzes financial markets to identify Un-Filled Orders (UFOs) and map these areas on your chart. By leveraging these UFOs, traders can determine precise entry points, stop-loss levels, and targets, providing a strategic edge in trading decision-making.
The PZone PRO indicator helps identify Demand and Supply zones on the chart by marking specific patterns. It searches for patterns such as Drop-Base-Rally and Rally-Base-Rally to mark Demand zones, as well as Rally-Base-Drop and Drop-Base-Drop to mark Supply zones.
🔹 **Key Concepts**:
- **Identifying Key Price Areas**: PZone PRO detects price areas with pending buy or sell orders.
- **Dynamic Visualization**: UFOs are illustrated as green zones (for buying) or red zones (for selling), highlighting potential price reversal points.
- **Precision Advantage**: This tool supports all trading styles (long-term, medium-term, short-term) and is suitable for hedging strategies.
- **Time Flexibility**: PZone PRO can be applied to various timeframes, from seconds to monthly intervals.
- **Benefits for Options Traders**: It aids in determining the ideal strike price and zones for selling out-of-the-money options.
🔹 **Key Features**:
- **Automatic Zone Analysis**: Assists in identifying Supply/Demand zones with accuracy.
- **Timeframe Flexibility**: Usable across various timeframes.
- **Customizable Colors**: Fresh zones and retested zones can be assigned different colors.
- **Built-in EMAs**: Includes 5 EMAs – EMA 200, 100, 50, 20, and a daily EMA 9 (adjustable as needed).
🔹 **Final Note**:
Trading carries high risks, and past performance does not guarantee future results.
PZone PRO helps identify hidden market opportunities but should be used with a solid understanding and well-thought-out strategy.
Resistance and support zonesI drew these support and resistance zones or supply zones and buy zones that I think are good places to put sell positions and buy positions when price does touch these areas, the timeframe is 1 hour so these should be pretty respected zones and great areas to sell and buy from.
BALAMINES: SUPPORT & RESISTANCE TRADINGBalaji Amines has been trading in a consolidating zone for an extended period, oscillating between well-defined support and resistance levels. This range-bound behavior reflects a lack of decisive directional movement, but also offers an excellent opportunity for range-based trading strategies.
Technical Analysis:
The stock has recently touched its support level for the 7th time, indicating a strong demand zone at this level.
The repeated testing of support without a significant breakdown strengthens the case for a potential bounce.
Key support: ₹ 1990-2000
Key resistance: ₹ 2441-2550
Trade Setup:
Entry: Near the support level around ₹1990-2000.
Target: ₹2441-2550, the upper boundary of the consolidation range.
Stop Loss: Below the support level, to minimize risk if the support fails.
Disclaimer: This analysis is for educational purposes only. Conduct thorough research or consult a financial advisor before making trading decisions.
EURGBP BUY SETUPKey Observations:
Liquidity Zone (Confirmation): The highlighted liquidity area represents a critical zone for confirmation. I need the market to grab this liquidity before validating my long entry setup.
Demand Zone: The area around 0.83172 acts as a significant demand zone. This is where buyers have previously stepped in, and I anticipate bullish momentum to emerge again.
Key Level at 0.83350: This is an important reaction zone, which could act as the first target for the trade or a consolidation point.
Imbalance Fill: The market is currently filling an imbalance (highlighted zone). I’ll monitor for bullish price action once this imbalance is mitigated.
Fibonacci Confluence (Premium Zone): My demand zone aligns with a Fibonacci retracement level in my premium area, adding confluence to the long trade setup.
Demand in Volume Profile: This demand zone also aligns with a high-volume area in the volume profile, suggesting strong interest from buyers, making this an ideal entry point.
Trade Idea:
Bullish Bias:
Entry Area: Around 0.83172 (demand zone).
Target Levels:
TP1: 0.83350 (key level).
TP2: 0.83650 (higher liquidity zone).
Stop Loss: Below 0.83050, to protect against demand zone failure.
Risk Management:
Maintain a risk-to-reward ratio of at least 1:2. Wait for the liquidity grab and signs of bullish momentum (e.g., bullish engulfing candle or strong rejection wick) at the demand zone before entering.
Volume, liquidity grabs, and Fibonacci align perfectly in my EUR/GBP long setup. Do you see the same bullish potential, or do you expect a bearish breakdown? Let’s discuss below!👇
XAUUSD 25/11/24Following last week's shift into a bullish narrative, we remain bullish on the higher timeframe. This outcome was anticipated in our previous reports, where we noted that failing to interact with key areas appropriately would likely result in a bullish shift.
As expected, the daily bias has also turned bullish, aligning with our forecast. We failed to engage with the liquid highs and areas of supply, resulting in a push upward and the establishment of a new upward trajectory. Currently, we have an unmitigated area of supply, representing a potential counter move. While this scenario is less likely, we are closely monitoring the area of demand at the base of the last major move. If the current upward trajectory breaks, this demand zone will be our focus.
As always, if the price continues downward to the demand area and fails to hold, we will look for lower points within the current range. Our bias will remain bullish unless the daily timeframe bias shifts again. However, if there is no pullback—as previously mentioned—this will be a counter-trend move, increasing the likelihood of another upward expansion. This would target pre-established highs and potentially breach the area of supply.
It’s also worth noting that there are several pockets of liquidity around the demand area, as well as liquidity above the major highs of our previous downward trade.
Trade safely, stick to your plan, and always follow your risk management rules.
GBP/USD Longs from this weekly demand This week, my analysis suggests that GU is likely to experience a bullish reaction from its current position. Price is sitting within a key weekly demand zone and has already surpassed the 50% retracement mark, signaling a potential area for long opportunities.
At the current level, there is a 1-hour demand zone nearby, with another demand zone just below it. I plan to watch for price accumulation in these areas, particularly to take out the weekly low. Once that occurs, I’ll look for my lower time frame confirmation to enter long positions. My primary target will be the Asian session high near the supply zone above.
Confluences for GBP/USD Longs:
- Liquidity Targets: Significant liquidity rests above, including the Asian session high.
- Supply Zone Mitigation: A strong supply zone above has yet to be mitigated.
- Retracement Setup: The bearish trend suggests the need for a retracement upward.
- Imbalances Above: Price has left clear imbalances that need to be filled.
- Weekly Demand Zone: Price is currently reacting within a high-probability weekly demand area.
P.S.: If price opens the week with bullish momentum but doesn’t provide a clear entry setup, I’ll shift my focus to the mitigation of the supply zone above. This would present potential sell opportunities to continue the broader bearish trend.
DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO.
With the Crypto Markets preparing for the next boom, I think this one will go again.
This dog went to the Moon, now Elon's gonna take it to Mars.
I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range.
DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis:
* Elliott Wave Impulse: Cycle A (white)
* Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal: Primary C (red)
* Bullish Divergence
* Demand Zone
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Double Bottom
It might take a while, but it proved to be a nice meme coin.
So, might as well get some if it provides a better level.
Bitcoin Dominance: Elliott Wave and Harmonics ComboBitcoin Dominance ( BTC.D) is giving a fantastic trading setup.
It's preparing a BIG Bullish Swing.
From an Elliott Wave point of view, a bullish Impulse Wave is about to start.
In this case I'm talking about Super-Cycle (C) (turquoise).
Moving on to Harmonic Patterns, there are two:
The smaller one is the Bullish Shark, which is preparing its completion.
The second one, and the bigger view, is the Cypher Pattern, which will commence one the Shark is done.
So, bottom line: BTC.D is gonna start flying, and will push the Crypto market into a fantastic Bull Cycle.
Bitcoin Dominance ( BTC.D ) Technical Analysis:
* Elliott Wave Impulse: Super-Cycle (C) (turquoise)
* Harmonic Pattern: Bullish Shark
* Harmonic Pattern: Bullish Cypher
* Double Bottom
* Bullish Divergence
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Demand Zone
Conclusion: Bitcoin (BTCUSD) is and always will be the one and only driver of the Crypto Markets.
10% PUMP Incoming If...Keeping an eye on $GRASS here. Once level is #reclaimed, 10% pump to next #resistance more likely.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Believe it or not, Bear Market is almost finishedhello traders
Bitcoin is outside its price range and approached a strong retracement area that is difficult to pass (MONTHLY IMBALANCE _ RESISTANCE BECOMES SUPPORT _ NOT FRESH DEMAND)
At least for the next period, Bitcoin will return to its price range, and there are other TARGETS that it can reach
UJ longsUJ is in a strong bullish trend right now, with a larger pullback at the moment which indicates that we can now wait for the accumulation in the HTF demand zone.
I will be waiting for price to slow down within this area, switch into a consolidation were liquidity will be build.
I will be monitoring price in this range on the 5 min TF, enter on the 2 min TF using my SMA crossover marker indicator and try to ride this thing all the way up to the HH target.