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Demand Zone

chfjpyHello everyone! My CHFJPY point of view. We are in a strong bullish trend which is still valid pointing up. In the recent past, the price has formed incremental retests of Higher Highs and Higher Lows. Our eyes at Balance of Trade and Inflation Data of Japan, which in case they come to public worse than expected, they are going to rocket to the highs of 151 this pair. Manipulation is going to get high with Long Wicks at the bottom I think so be cautious with SL levels. Long Wicks whow wickness and rejections - Orderblocks, but at the same time they do show instant momentum, phsychology of masses and investors and they leave liquidity behind which must be tested soon or later. Good Luck!
Long
by The_Forex_Path
MATIC Remains Stuck Between a Rock and a Hard Place Primary Chart: MATIC Price Chart Showing Overhead Supply Zones and Fibonacci Retracements MATIC Network Shows Strength in Recent Months Despite Being in a Bear Market As shown in the Primary Chart above, MATIC network's price continues to trade well below all-time highs of $2.92 / USD. No argument can be made that it has overcome its bear market just yet. Further, the flag / parallel channel that contained price for much of the rally off the mid-June lows has been broken to the downside (see Primary Chart above). Even so, MATIC has shown strength in the past two months since its June 2022 lows. Consider the chart below that shows MATIC having broken out above a downward trendline going back to all-time highs. Supplementary Chart A: MATIC's Breakout above Seven-Month Downward Trendline But despite showing strength in recent months, especially as compared to BTC and ETH, MATIC has been trading below major overhead supply zones that reach back over one year to August 14, 2021. The lower of these two supply zones zones was touched several times in late July and mid-August 2022, with a rejection back below it each time. See Primary Chart (above). MATIC also has a demand zone just below its current price. That demand zone is shown as a teal-blue rectangle in Supplementary Chart B below. Supplementary Chart B: MATIC's Demand Zone as Support An argument might be made that intermediate-term trading lows have been established at the June 2022 lows. Such an argument would be based on the measured-move concept, where the two legs of a corrective decline are equal or nearly so. In the Supplementary Chart C below, notice how wave A and C of a major A-B-C decline from all-time highs to the June 2022 lows have equality around the $.48 level. Price traded to this level, and broke below it somewhat, before reclaiming it in a reasonable amount of time. Supplementary Chart C.1: Measured-Move Showing Potential Intermediate-Term Trading Low Note that just because a measured move target has been met does not mean a correction is complete. Consider, for example, Supplementary Chart C.2 below, which is not a forecast or technical-analysis based price projection. It merely shows a manner in which a corrective pattern can continue upward in a bear market, consistent with complex Elliott Wave corrective patterns, and can continue higher for some time before resuming lower to retest or break the lows. Supplementary Chart C.2: Hypothetical Example of Complex Corrective Pattern Continuing Higher from Measured-Move Low Before Retesting Lows Later Despite substantial weakness in equity markets and crypto markets since mid-August 2022, MATIC has not shown sufficient weakness just yet to cause it to fall anywhere near its YTD lows at $.316. In fact, unlike other cryptocurrencies such as BTC and ETH, MATIC has not broken and held below its .382 retracement of the June-August 2022 rally. On the Primary Chart above, note how MATIC has found strong support multiple days right at its .382 retracements. BTC and ETH have not found similar support at their .382 retracement of the recent rally. In fact, BTC has crashed through all its key Fibonacci retracements including the .618 retracement around $20,488.65 and has held below this level (see Supplementary Chart D.2 below). This comaprison shows MATIC's relative strength since the June 2022 lows as compared to BTC and ETH. Supplementary Chart D.1: ETH Has Broken Through Its .382 Retracement and Has Held at .50 Retracement Supplementary Chart D.2: BTC Has Broken Through All Its Key Retracements and Has Held below its .618 Retracement Conclusion: MATIC Network Remains Stuck Between a Rock and a Hard Place So MATIC is stuck in chop between a rock and a hard place. The rock is the substantial overhead resistance, and the hard place is what appears to be just a few supports standing between price and bear-market lows. A weekly Ichimoku Kinko Hyo (Ichimoku) chart shows just how difficult the resistance is despite incredible price strength in recent months. The cloud remains very thick overhead and red colored and even thicker in the near future, signs of formidable resistance in downtrend. The Kijun line (blue) also stands as strong resistance in addition to the other resistances mentioned in this post. This line decisively repelled price in mid-August 2022. Supplementary Chart E: Weekly Ichimoku Kinko Hyo Chart Note the small twist in the Weekly Ichimoku cloud above, however, which suggests a possible weakness in overhead resistance where a rally could theoretically break above the cloud more easily under Ichimoku analysis principles. But the odds of this occurring in the current macroeconomic environment seem bleak at best. Nevertheless, markets do tend to move in unexpected ways, and this twist in the cloud should be monitored in October 2022 to see whether it holds any glimmer of hope for a break back above the weekly cloud. The weekly Kijun must be conquered first, though, and until price can rise above the Weekly Kijun, all talk of a break above the weekly cloud remains premature. The daily cloud offers a little better picture for the trend in the intermediate term. Price remains above a green-colored cloud that slopes upward ever so slightly. But again, this is insufficient to change the bear-market trend, though it is a necessary first step. Even on the daily chart, price has fallen back below the Kijun line at $.90, and price has also pierced back into the cloud itself, a sign of weakness. Resistance seems to arise to current price action from the top edge of the cloud, called the SSA line. Supplementary Chart F: Daily Ichimoku Kinko Hyo Chart Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction. ___________________________________________________________________ BINANCE:MATICUSDT COINBASE:MATICUSD KUCOIN:MATICUSDT BINANCE:MATICUSD KRAKEN:MATICUSD BINANCE:ETHUSDT BITSTAMP:ETHUSD COINBASE:ETHUSD KRAKEN:ETHUSD CME:ETH1! CME:BTC1! BITSTAMP:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT KRAKEN:BTCUSD COINBASE:BTCUSD
M
by SquishTrade
3
EUR / CHF LONG - Potential trend changeAfter we have been in a downtrend in the EUR/CHF pair for quite some time, I expect a potential trend change. - the existing rally in the DXY could come to an end in the near future, which would ease the pressure on the EUR. I provide the idea with the consideration of rules of "SUPPLY&DEMAND" theory, which focuses on market influence of banks. The market moves when banks open positions: - in our case it is a LONG position - of banks / large investors. - by buying, retail investors were forced to liquidate their SHORT positions = "positions were bought" = "buying cascade". The banks need more than one run-up to fill their position "100%" due to their position size. - the next run-up could be into the 0.88 FIBO in my opinion, so that the banks get a similar purchase price. (Level combined with DEMAND.) - the retail investors will not expect a trend reversal and will open more SHORT positions, allowing the banks to get the liquidity they need. If the SL level (stop loss) I set is broken, we can expect a further sell-off. (Should it not be a fake-out). - There are on the time levels 1-4h large "DEMAND" zones at entry, which should bring about a reaction. - The banks are not interested in the price falling below their EC, so they will defend this level. If you disagree, feel free to let me know - I am still in the learning process. Thank you and happy trading!
Long
by ZielIstDieAutarkie
2
DXY USD - LONG - Flag + Supply&DemandThe USD now dominates the market with huge weighting and the analysis of the future movement is essential, for all other tradable currencies and asset classes. I provide the idea, with the consideration of rules of the "SUPPLY&DEMAND" theory, which focuses on the market influence of banks. CURRENT STATUS: - the DXY is in a flag, which is normally a "Bullishes pattern". - the existing macroeconomic circumstance suggests a trend continuation. From a daily perspective, we have broken out of an upward channel, which has not been tested at this point. - in order for the DXY to continue its rally, it would be healthy to test the channel for confirmation beforehand. IDEA VIEW: - we are in the 15 min chart, which means we are looking at the market from a magnifying glass point of view. - the bullish flag could break out as in the theory and would thus allow a LONG position. - the idea refers to an early position entry to take the whole movement with less risk (fake out) All RETAIL market participants assume a trend continuation, but also hope for a correction. A crossroads which provides a large amount of liquidity for the large speculators / banks. STOP LEVEL: - Should the SL level (stop loss) set by me be broken, we can expect a correction after confirmation. (Should it not be a fake-out). - Drawn in the chart to follow up. TAKE PROFIT: - there are large "SUPPLY" zones on the time levels T / W / M, which should bring about a reaction against. > 117-120 - moreover, we have relevant 1.618 FIBO targets > 114,864 > 115,437 - POIs are at > 117,019 > 117,936 Should you disagree, feel free to let me know - I am still in the learning process. Thank you and happy trading!
TVC:DXYLong
by ZielIstDieAutarkie
DXY USD - SHORT - Flag + Supply&DemandThe USD now dominates the market with huge weighting and the analysis of the future movement is essential, for all other tradable currencies and asset classes. I provide the idea, with the consideration of rules of the "SUPPLY&DEMAND" theory, which focuses on the market influence of banks. CURRENT STATUS: - the DXY is in a flag, which is normally a "Bullish pattern". - the existing macroeconomic circumstance suggests a trend continuation. From a daily perspective, we have broken out of an upward channel, which has not been tested at this point. - in order for the DXY to continue its rally, it would be healthy to test the channel for confirmation beforehand. If this does not happen, the trend will continue and allow a LONG position. - for this, please consider the "LONG scenario" of mine. IDEA VIEW: - we are in the 15 min chart, with which we look at the market from the view of a magnifying glass. - the bullish flag could break out in the opposite direction and would thus allow a SHORT position. - the idea refers to an early position entry to take the whole movement with less risk (fake out) All RETAIL market participants assume a trend continuation, which provides a large amount of liquidity for the large speculators / banks. - in my opinion, it would be quite lucrative to take this liquidity before a further trend continuation (= SHORT / correction) STOP LEVEL: - should the SL level (stop loss) set by me be broken, we can expect a trend continuation after a confirmation. (Should it not be a fake-out). - Drawn in the chart to follow. TAKE PROFIT: - there are large "DEMAND" zones at the 0.88 FIBO (111.50 - 111.00) on the time levels 1-4h, which should bring about a counter reaction. - drawn in the chart to follow. Should you disagree, feel free to let me know - I am still in the learning process. Thank you and a successful trading! Translated with www.DeepL.com (free version)
TVC:DXYShort
by ZielIstDieAutarkie
XAUUSDHello dear traders. We recently saw that gold has strongly reversed from the 1615 level. I see a break of downtrend structure by forming a new higher low and a new higher high. The Mid-term trend is starting to shift into sideways fading the bearish momentum. Fundamentals due to global status they neglect the bearish bias in my opinion. NFP impacted only for a short-term down retracement. The most feasible continuation seems to be the bullish scenario. So, I am waiting the retest of the demand zone especially with a Fib retracement confluence of 0.382 or even 0.5. This scenario will be invalid in case a candle breaks below thw 0.618 level. If candle closes below and makes a retest pointing down, I will reconsider looking for sells.
XLong
by The_Forex_Path