NZDUSD: 1H buy setup.NZDUSD: 1H buy setup. If price taps on the 1H order block and you see some bullish character in 15m or 5m, safely buy.
Forexanalysis
GBPNZD Analysis🏃♂️ GBPNZD is moving in a Descending Channel and broke the Uptrend line and 🟢 Support zone(2.077 NZD-2.073 NZD) 🟢.
🔔 After completing the pullback , I expect GBPNZD to decline to at least the 🟢 Support zone(2.060 NZD-2.056 NZD) 🟢 and the lower line of the descending channel.
British Pound/New Zealand Dollar ( GBPNZD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Today XAUUSD Setup 01st FebruaryToday XAUUSD Setup | GOLD
01st of February 2024
01 : Around BUY 2040 TP 2045 - 2050
02 : Around SELL 2050 TP 2045 - 2040
03 : Around BUY 2030 TP 2035 - 2040
04 : Around SELL 2060 TP 2055 - 2050
05 : GOLD Broke 2050 - BUY Trade 2055 - 2060
06 : GOLD Fell below 2040 - SELL Trade TP 2035 - 2030
07 : GOLD Fell below 2030 - Buy Trade TP 2025 - 2020
Unveiling the Power of Supply and Demand Zones in Forex Trading
Unveiling the Power of Supply and Demand Zones in Forex Trading 📈💹
✅ Introduction
=================
In the realm of forex trading, the concept of supply and demand zones holds immense significance as it plays a crucial role in identifying potential market turning points and areas of strong price momentum. Understanding how to pinpoint and interpret these zones can provide traders with valuable insight into market dynamics and facilitate more informed trading decisions. In this article, we will delve into the intricacies of identifying supply and demand zones in forex and explore strategies for using them effectively.
Check this massive demand zone that I spotted on Gold on a daily.
✅ Identifying Supply and Demand Zones
=====================================
Supply zones are areas on a price chart where selling interest exceeds buying interest, leading to a potential downward price movement. On the other hand, demand zones represent areas where buying interest surpasses selling interest, signaling a potential upward price movement. Traders can identify these zones by looking for clusters of price action indicating significant changes in supply and demand dynamics.
Example: A supply zone may be identified as a consolidation area following a downtrend, where price repeatedly fails to break above a certain level, suggesting strong selling pressure.
Example: A demand zone might be found as a support level where price experiences a strong bounce following a downtrend, indicating strong buying interest.
Here is a very significant supply zone on EURGBP.
✅ Trading Strategies Using Supply and Demand Zones
=====================================================
1. Zone Confirmation: Traders can use supply and demand zones as areas of interest for potential trade entries and exits. When the price revisits a previously identified supply or demand zone, traders can look for additional confirmation signals, such as candlestick patterns or confluence with other technical indicators, before entering a trade.
Example: A trader identifies a strong demand zone and waits for a bullish engulfing pattern or a piercing pattern as confirmation before entering a long trade.
2. Zone Breakouts: Breakouts from supply and demand zones can signal strong shifts in market sentiment and potential trend reversals. Traders can monitor these zones for potential breakout opportunities and use them as entry points for trades in the direction of the breakout.
Example: A trader identifies a supply zone and waits for a break below the zone as confirmation to enter a short trade, expecting further downward movement.
Check my supply and demand zones analysis for EURJPY.
✅ Conclusion
================
In conclusion, understanding how to identify and interpret supply and demand zones in forex trading can significantly enhance a trader's ability to analyze price movements and make informed trading decisions. By incorporating supply and demand zones into their analysis, traders can gain valuable insights into market sentiment and potential areas of price reversal or continuation.
Traders can utilize the strategies outlined in this article to effectively integrate supply and demand zones into their trading approach, leading to improved trade timing and potentially more profitable outcomes. Mastering the art of identifying and trading based on supply and demand zones is a valuable skill that can provide traders with a competitive edge in the dynamic world of forex trading. Good luck and happy trading! 📊💰
NZDUSD Analysis(➡️RR=2.00)🏃 NZDUSD is moving near a 🟢 Heavy Support zone($0.6110-$0.6050) 🟢.
📈Regarding Classic Technical Analysis , it seems that NZDUSD has succeeded in forming a Double-Bottom Pattern , and we are currently witnessing a pullback to the Neckline .
🌊In terms of Elliott wave theory , NZDUSD seems to have completed 5 impulsive waves and is currently completing corrective waves .
🌊Most likely, the structure of correction waves is Double Three Correction(WXY) .
🔔I expect the NZDUSD to rise to at least the 🔴 Resistance zone($0.6220-$0.6178) 🔴 again after the pullback completes.
New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 15-minute Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USDCHF possilbe short for 0.8565price broke 0.8650 below as a CHoCH. supply zone for short 0.8663-83, stop loss: 0.8700, target: 0.8565
GBPCHF short Sellers responded to the supply zone in the 4H time-frame and the price started moving downwards forming a lower highs and lower lows, waiting for the best entry.
USDCAD 4 HR | Bearish Trend ContinuationUSDCAD could fall 138 pips if it can stay below 1.35342
Why 1.35342?
Let's just round it and say $1.353 Canadian dollar. The exchange price for the United States Dollar is decreasing which means Canadians are able to buy the Dollar at a cheaper price.
Evidence
High(H) & Low(L)
Per the 4 our timeframe, price is declining. The current falling price of the Dollar price per the Canadian Dollar has been 1.34152(L), 1.35342(H), and 1.34136(L).
We can see the high and low prices are decreasing hence what is called LOWER LOWs and LOWER HIGHs.
Actions
The best action to take is to sell since currently the trend is down. That is what the chart per this timeframe is showing.
The best price to sell below as stated above is 1.35342. The entry price is between 1.35207 and 1.35342. This range equates to 13 pips.
This means if you enter at market order, you can wait for price to enter the range and provide evidence price can decrease.
Or, if you set a pending order , you can set a pending order at 1.35207 with a TP down to the low or further.
Why do I believe price can fall 138 pips? This is a Reward to risk drop from the pending order price of 1.35207 based on my stop loss placement.
Sidenote:
Your Reward to Risk will vary from mine analyzing this trade using your own risk management strategy and trading plan.
What can invalidate this trade?
If price pushes higher than 1.35342, showing evidence buyers have taken control, the trade in invalidated. Or, price could continue to drop from here which means we'd have to update the sell idea.
What would this mean?
If you entered the trade and price went higher than 1.35342 you'd be stopped out. However, if price were to continue lower without pushing past the highs, you'd be in profit.
Should you trade this?
If this fits how you trade, yes.
If not no.
Let's keep it that simple.
I hope you enjoyed this analysis.
Like this post and share it if you did.😁
Many blessings,
Shaquan
AUDUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity AUDUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
EURUSD bearish to expect (high accuracy expected)
Hi viewers, EURUSD price on zone, break expecting to see
TP1: 1.07550 (100)
TP2: 1.07050 (150)
SILVER Neckline BreakHi Traders!
SILVER has broken below the neckline break in its head-and-shoulders pattern, and there is a possibility for a continuation to the downside if the market continues to stay below the neckline.
Here are the details:
After the initial momentum break below the neckline, the market is now retesting the neckline as resistance, and the 20 EMA has lined up perfectly with it.
We are looking for the market to stay below both the neckline and 20 EMA and look for exit targets near the 21.90 level.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 23.650
Support: 22.681
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURUSD Bear Flag PatternHi Traders!
There is a bear flag pattern on the EURUSD 4H chart.
Here are the details:
The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel. The 20 EMA has been broken, and we are getting bearish momentum candles forming, and we are awaiting a possible test of the flag's channel to the downside.
Preferred Direction: Sell
Resistance: 1.09160
Support: 1.08566
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
XAUUSD bullish Gold struggle to sell read the caption (XAU/USD) strong bullish back on Monday as investors reconsider the outlook on interest rates by the Federal Reserve (Fed) Xauusd uptrend and Make some sideways move Policymakers are consistently resistance the tight interest narrative to ensure the return of inflation to the 2% target in a sustainable manner. The precious metal is facing some bullish as the prospect of imminent rate cuts fades amid still-high price pressure
USDJPY change in trade ideaUSDJPY trade is running 100+ pips currently will suggest to make sl at breakeven and keep taking partials at 1:1-2 RR make sure to manage risk properly.
As we have another possible scenario been created to buy side which have probability .
Indicator based SMC approach.
Follow and like for more setups
GBPAUD trade DoneGBPAUD trade went 140+ pips hitting our take profit successfully.
Indicator based SMC approach
Follow and like for more such setups
Gbpcad trade doneGbpcad trade has successfully given 200 pips as we published our idea previous week.
Indicator based SMC approach
Follow and like for more such setups.
XAUUSD buy order at 2029.00XAUUSD 1H Classic bullish formation trading type should be swing Trade.
Analyze recommends opening a buy order at 2029.00 and one more buy limit of 2024.00.
Target should be 2035 - 2040 - 2050. And stop Lost 2016.00. Use proper money management.
NZDUSD new bearish for expect (high accuracy expected)
Hi viewers, NZDUSD price on zone, new bearish push expecting here
TP1: 0.60050 (90)
Riding the Waves: Mastering Trendline Trading in Forex and Gold
Riding the Waves: Mastering Trendline Trading in Forex and Gold 📈✨
✅Trading with trendlines is a fundamental technique in the world of forex and gold trading. Trendlines help traders identify the direction of the market and potential entry and exit points based on the prevailing trend. In this comprehensive guide, we will explore the art of trading trendlines in forex and gold, providing actionable examples to illustrate their application.
Please, check this falling trend line on GBPUSD.
First, it was a strong resistance.
After a breakout it turned into support
✅ Mastering Trendline Trading:
1. Drawing Trendlines: Traders can draw trendlines by connecting swing highs in a downtrend or swing lows in an uptrend. These lines act as dynamic levels of support and resistance, guiding traders in identifying potential reversal or continuation points.
2. Trendline Breakouts: A breakout above or below a trendline can signal a potential shift in the prevailing trend, offering traders an opportunity to capitalize on emerging market dynamics.
3. Multiple Timeframe Analysis: Combining trendlines across different timeframes can provide a holistic view of the market trend, enabling traders to make more informed trading decisions.
Take a look at this trend line,
it is a strong vertical resistance.
You can sell the market once it approaches that.
✅Examples:
Example 1: Trendline Bounce in Forex
In a currency pair chart, if the price repeatedly bounces off an upward-sloping trendline, it indicates a strong bullish trend. Traders can consider entering long positions when the price retests the trendline and shows signs of continuation.
Example 2: Trendline Breakout in Gold
Suppose the price of gold breaks below a descending trendline that has been acting as resistance. This breakout may signal a potential downtrend, prompting traders to consider short positions or monitor for further confirmation of the new trend direction.
Look at this solid trend line on AUDUSD.
Probabilities will be extremely high that the price will drop from that
Mastering the art of trading trendlines in forex and gold can equip traders with a valuable tool for interpreting market trends and making informed trading decisions. By integrating trendline analysis into your trading approach, you can ride the waves of market dynamics and enhance your trading proficiency. Happy trendline trading! 📉🌟
EURUSD Pullback To Previous Support BreakHi Traders!
EURUSD has found support and is targeting the previous breakout level for a re-test ahead of ECB President Lagarde's speech.
Here are the details:
The market has found strong support at the 1.08555 level, and the price action looks bullish; the lows and highs are starting to get higher, and the price is pulling back near the previous support break at 1.09102, which is now resistance. Additionally, the market is pulling closer to the 20 EMA.
The plan here is to enter near the support level around 1.80555 and target exits near 1.09102.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance: 1.09102
Support: 1.08555
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDCAD Approaching Monthly HighHi Traders!
USDCAD is approaching its monthly high, and there are opportunities for long entries to target the monthly high.
Here are the details:
The first resistance at 1.34146 (which will now act as support) has just been broken, and the next targert looks to be the second resistance at 1.34430, which is also the monthly high.
We are looking for 1.34146 to hold as the new support. The plan here is to buy dips around this level to target levels near 1.34430. As 1.34430 is the monthly high, there is likely to be strong selling pressure at this level.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance (MONTHLY HIGH): 1.34430
Support 1 (PREVIOUS RESISTANCE 1): 1.34146
Support 2: 1.33433
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUDNZD bearish exp. for next periods (high accuracy expected)
Hi viewers, AUDNZD price bounce on zone, in last periods we are have bearish market, whats here expecting for next periods is still bearish trend to see
TP1: 1.05750 (140)
TP2: 1.04750 (240)
EURNZD bearish to exepctc (high accuracy expected)
Hi viewers, EURNZD price on zone, in last periods we are have strong bearish market, currently price is fluctuate last 3 weeks, now how looks exepting to see new bearish push
TP1: 1.72750 (200)
TP2: 1.71750 (300)
