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Demand Zone

EURUSD Potential Forecast | 15th January 2023Hi everyone, today I will be talking about a possible EURUSD long trade using Smart Money Concepts for this week. Trade Idea: 1. Price continues to form higher highs and higher lows as seen by the break of structure (BOS) 2. Multiple liquidity has been taken followed by structural breaks to the upside 3. However, as of current price action, bullish momentum is exhausted and we could see a retracement before heading back up. 4. Demand zone has been marked by red and it can be identified on the lower timeframe. (tradingview does not allow me to show the LTF) 5. Will be looking at how price reacts off the demand zone and look for bullish confirmations. I believe price can continue to retest the weekly highs, given the very bullish sentiments in the market. We could potentially see a further marked move to the upside for EURUSD. Things to look out for: 1. If price were to invalidate the demand zone, we could see price continue down lower to grab liquidity to head up further. So do keep an eye out on that. Trade safe guys! Regards, Chern Yu
Long
by Jon_Jones_Junior
xauusd idea...hello guys... if gold break up that red level it determines the continuation of the upward movement and in my opinion, xauusd will form a three drives pattern and reach to 1.6 fibo level (almost $1882)... but if gold doesn't break red level be ready for hunt setup and get short position... every movement depend into this critical level... this analysis will be update after break or return! always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
OANDA:XAUUSD
by melikatrader94
34
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