AUD USD - update (daily timeframe focus)The audio didn't record in the last one, so here is an update.
G'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed
Monthly
Weekly
Daily
Volume profile added
Value area up and down purple & Blue respectively are important to note in where price is taking us.
Do you enjoy the setups?
Professional analyst with 8+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIV
Dropbasedrop
GBP JPY - Fresh supply since 2016, what now?G'day,
Firstly, welcome back to 2024. It's been a good start with some great consolidative moves within trading ranges, but now let's see the longer term movements for this pair of focus. GBP JPY.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
For simplicity purposes, terminology is provided in layman's terms to reach a wider audience.
Monthly
Weekly
Daily
Do you enjoy the setups?
Professional analyst with 8+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIV
AUD USD - Fresh supply in play, awaiting the PCPG'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed
Monthly
Weekly
Daily
Do you enjoy the setups?
Professional analyst with 7+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIV
📊 DBR & Demand Zone📍 What is Drop Base Rally in Trading?
The drop base rally pattern in technical analysis is a chart pattern that appears when the market falls, then enters a period of sideways price action, and finally, shows explosive upward movements. Market makers open buy orders from demand zones to have a long position in trading. This is some kind of study for technical analysis known as DBR. These patterns are the basis of supply/demand logics. In the showcased example, after a steep drop, the sale finally stopped, leaving bulls the option of buying at lower prices. However, purchasing power at that point was insufficient to reverse the market. Instead, the market starts moving sideways because neither buyers nor sellers could defeat the other party. Eventually, the price action entered the demand zone that was formed and recovered back to higher prices.
📍 How to identify Drop Base Rally pattern?
The drop base rally pattern contains three waves. As shown in the figure above.
🔹 Bearish wave: Drop
🔹 Sideways wave: Base.
🔹 Bullish wave (rally).
📍 Demand Zone
A demand zone is a price level where a significant amount of buying interest or demand for an asset is believed to exist. Traders use demand zones as potential areas of support where buying pressure could increase, causing the price to rebound or reverse. As shown in the example above, we entered a long trade once the price action reached that demand zone, with the entry being inside the zone and the stop loss below the zone.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
Drop Base Drop Pattern | Next MoveWe have a drop-base-drop (DBD) pattern.
Once the price exited from the 'redistribution zone', not all sell orders were filled and there was still open interest at this level; so it pulled back to retest.
Here we have the "Evening Star" bar pattern and the TD9.
Target are displayed on the chart.
GOLD BEAR or BULL?? whatever ...like my analysis before bullish flag.
The Resistance 1835 and gold still in bear trend.
The price can't through above it so this price go down until DBD area before at 1718-1715 (support area).
wait and see..
Love XAU....
Keep Money Management ...
Trade Wise >>>
Good Luck :)
Bears or Bulls? The first pillar of using patterns is recognizing the types of breakouts. And the first pillar of using Fibonacci retracement is knowing the range of the Market. Fibonacci can't be used in every wave; First, you should know the price range, and then draw the Fibonacci retracement. In this chart, We have Drop-Base-Drop(DBD) after the breakout, and the golden zone is in the 50-61.8 levels of the Fibonacci. Good luck.
Bitcoin should hit 64k with a push through structure at 63kSince price already hit and left the 50-61.8% level, it should continue in the uptrend at least to the 64k level before a retracement. It will likely push past since it has already spent considerable time there. Look for additional TP at 65625 R8 Level.
There is a drop base drop at around 63k that it will have to push through but looks likely.
JPN 225 or Nikkei 225 shortWe have an indice analysis to share - as the Japanese stock market could be seeing a big move to the downside in terms of Drop base drop formation, where we have an impulse - corrective pattern and forming a base in the supply and then selling off.
We will look to add this to our portfolio and not the CFDs as the spread is high for many traders even with small spread accounts.
But you can look for ETFs short leveraged positions. Choice is down to the individual.
We have a target area we would like to sell from, however we will look for sells within the two red blocks of orders.
the R:R is just to show possible risk rewards possible to targets.
Thanks
Lupa
GOOD SUPPLY ZONEThere is many several type of zone in supply and demand trading method . One of that is DROP BASE DROP or DBD . DBD is type of countinuation base . characteristic of DBD is when the bearish movement is continue after a drop . the significant of this type of supply base , we can determine where is the good price to enter the position after the price reach the zone . AT the chart we can see the price is pushing downward after reach the DBD zone .