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Demand Zone

USDCAD Bullish Setup - Trade SignalUSDCAD has been sliding within a Complex Corrective Pattern. This is telling me that an Elliott Wave Impulse could be around the corner. DXY can bounce for a come-back due to its pending Bullish Divergence. All other FX-Majors (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD) are onto Reversals. “Difficult to see; always in motion is the future.” — Yoda My Loonie Technicals: * Elliott Wave Complex Correction: Triple Three * Harmonic Pattern: AB=CD * 78.6-88.6% Fibonacci Retracement * 127.2-161.8% Fibonacci Extension * Demand Zone * Bullish Divergence USDCAD LONG Signal: * Aggressive Entry @ 1.3380 with SL @ 1.3150 * Moderate Entry @ with SL @ 1.3050 * TP1 @ 1.3685 * TP2 @ 1.380 * TP3 @ 1.390 * Safety Measure: when in the green, moving SL to BE. * BUY Stops on the way up, after pull-backs. Many pips ahead! Richard, the Wave Jedi.
Long
by Lionheart-EWA
2
USDJPY LONG: Bullish RetracementUSDJPY is finally ready to bounce to the up-side. The Elliott Wave Diagonal (Wedge) is certainly saying that. XAUUSD is diverging, EURUSD found a top and the DXY looks ready to bounce. My Technicals on USDJPY: * Elliott Wave Reversal * Leading Diagonal in Primary A (red) * Bullish Divergence * Harmonic Pattern: Bullish Shark * Demand Zone * Fibonacci Extension Confluence * Golden Ratio Fibonacci Retracement USDJPY LONG Signal: * Entry @ 132.00 * SL @ 122.00 * TP1 @ 137.90 * TP2 @ 143.30 * TP3 @ 149.30 * Safety Measure: when in the green, moving SL to BE. * BUY Stops on the way up, after pull-backs. Many pips ahead! Richard, the Wave Jedi.
Long
by Lionheart-EWA
4
USDJPY - Bullish Impulse - Minor CUSDJPY is preparing to shoot on the up-side, with a Bullish Impulse, ahead of the FOMC (FED). Expected swing: Minor C (white), of Intermediate (B) (red) completion. A spike in the Dollar would be expected on the FOMC Press Conference. USDJPY Tech. Analysis: * Elliott Wave: Intermediate (A) (red) complete * Fibonacci Extension Confluence (Minors A-B-C (red)) * Minor B (white) Double Bottom * Harmonic Pattern: Bullish Cypher * Bullish Divergence * 88.6% Fibonacci Retracement USDJPY Trading Signal: * Entry @ 134.150 * SL @ 131.00 & 126.000 * TP1 @ 145.00 * TP2 @ 149.855 * Buy Stop Level @ 138.00 * Aggressive Entry @ Market Price * Conservative Entry @ 133.10 *Safety Measure: when in the green, moving SL to BE. Many pips ahead! Richard, the Wave Jedi.
Long
by Lionheart-EWA
12
WBT - Inside A Demand Zone! ↗️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart WBT is sitting inside a strong demand zone so we will be looking for buy setups on lower timeframes. on H4: Right Chart WBT is forming a double bottom but it is not ready to go yet. 🏹 Trigger => for the bulls to take over, we need a momentum candle close below the gray neckline. Meanwhile, until the buy is activated, WBT can still trade lower till the 3.0 - 4.0 zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
10
Microstructural phenomenons: option strikesThere's no such thing as round levels , instead: 1) You open the option chain of given vehicle; 2) You notice the step between the strikes that have significantly higher volume/OI than the other ones; 3) for example on ES dem would be xx50.00 and xx00.00; Without further analytics of the option chain, the very general rule is that these levels usually stop & repel the sharp jumps in prices, and allow the average activity to pass through em with a little stuck around em. Again the reason is microstructural, some of are hedging current & anticipated option positions on good prices. Usually market allows to do it right after economic releases. About the example, if you have any platform that offers a liquidity heatmap, try to find that reversal on ES & correlated assets, that moment in time that I market with a circle, you might be surprised.
CME_MINI:ES1!Education
by gorx1
Microstructural phenomenons: re-positioning 4 real, levels can't be re-positioned, but there's a lil detail. As explained in "Real levels: positioning and clearing", positioned levels can't switch direction, ie once a level was positioned as support it can't become a resistance, once a level was positioned as resistance it can't become a support. A positioned level can only be cleared with time, price or volume. However, there are things that do exist and not based on the ways of the system behavior, but rather on some lil details how the sub-systems and the super-system work. Aye aye, easy, a level can switch directing for a very specific and short period of time, but not due to the principles of how things work, rather by a microstructural reasons. The reason is all of us & common sense. When we scale in near a positioned level, but shortly after it becomes obvious with evidence that a level was consumed/cleared (ie there's no more level anymore), in most occasions there's no reason to take a loss right away, it makes sense to try scaling out at around break-even. 1879 was positioned as support in the end of march 2022, the same time 1788 was discovered as a back level of 1879. Point 1: we enter @ ~ the level; Point 2: the level gets definitely proved as a cleared one; Point 3: we leave at break-even, concentrating the liquidity around 1879 (~ when we've entered); Point 4: we see the result, a pop. If we would've dropped much deeper than 1788 (technically said, if we would've contacted another deeper level), that phenomenon would've never occurred (there would've been no1 to scale out at breakeven).
COMEX:GC1!Education
by gorx1