XAUUSD Long or Short?I have an open long trade on gold with a target of 2011. At the moment, my view is neutral. We have a price that is testing a small supply zone multiple times on an hourly chart. Above this zone, there is a larger one that I will use as a basis to look for a setup for either a long or short trade.
Let me know in the comments what you think.
Good trading to all.
London
EURNZD LONG TRADEI have marked two zones on EURNZD, one of supply and one of demand. My analysis focuses on the second one, as I have noticed some spikes, which are false price breaks in this area. The goal will be to look for an entry for a long trade.
Let me know in the comments what you think.
Happy trading to everyone, bye.
NZDCAD Is there a Long Trade?On this exchange, we have a market that shows a price in a congestion phase. In my analysis, I have identified a very important demand zone where the price has produced two spikes, validating the zone. Within this demand zone, I have marked another one. The strategy in question involves using the latter as an entry point.
Let me know what you think in the comments.
Happy trading to everyone, bye.
EURUSD will it clear out of congestion?On EUR/USD we have a strong congestion. I have identified two hot zones, one supply and one demand. The expectation is very simple, I will look for a short or long trade based on the setup that could be created if the price were to return within the supply or the demand. We will see... Patience is the key. Let me know what you think in the comments. Happy trading everyone, bye.
EURCHFOn this exchange, the price has just broken through a strong demand zone and subsequently retraced to a supply zone that the price generated within that main one. My view is highly bearish so I entered a short position with a 1:4 risk-reward ratio target.
Let me know what you think in the comments.
Have a nice trading day!
AUDUSDAUDUSD presents an interesting scenario as it shows a very strong demand zone where the price has attempted to drop multiple times, creating spikes. However, we do not yet have any interesting points for a long trade, so if the price were to break this zone, we could consider a short trade.
Let me know what you think in the comments.
Have nice trading day!
USDJPYMy view anticipates a potential short on USD/JPY. I have identified a very strong supply zone where the price has attempted to break twice without success, creating spikes that I have highlighted with circles. An hour ago, the price created another supply within the strong resistance zone, and I will wait for a possible retracement to enter a short position.
Let me know what you think in the comments:
Have a nice trading day!
XAUUSDGold has a strong demand zone around the level of 1990. Currently, my view is neutral. What I will do is wait for a possible formation of a supply within the main demand zone, and from there I will look for a long entry. If the price were to break the main demand zone, then I will look for a short entry.
The goal is to search a possible supply demand zone inside the main demand zone h1
Let me know about you think in the comments.
Have a nice trading!
GBPCADI highlighted a demand zone H4 that generated 3 relatively prominent bullish impulses with circles. Afterwards, I waited for the market to generate an H1 BOS which allowed me to identify a Point of Interest (POI). Then, I identified two targets for my trade, which I opened after the price retraced to my H1 supply.
Let me know your thoughts in the comments.
Happy trading, goodbye.
EURUSDOn EUR/USD, we have a bearish setup in the last week. The market is generating a supply zone with two price retracements before further declining and breaking previous lows, creating BOS in the process. The objective of this trade is to aim for 1.0880.
Let me know your thoughts in the comments.
Happy trading and have a great day.
AUDJPYI have identified a very strong supply zone in H1, as the market retested the area 3 times before breaking through it. After the breakout of the supply zone, the price created a BOS, allowing me to identify an additional POI within the previous supply zone. Now the objective is to wait for the price to drop to the 90 area, and then look for a long entry. The first target is the 90.400 area, and the second target is 91.
Let me know your thoughts in the comments.
Happy trading and have a great day.
XAUUSDI have highlighted a sell zone and a buy zone that I will use as reference for my profit target. The trade in question is really simple, just tracking the price on the supply area. I opened with a stop positioned above the highest candle within the sell zone.
Let me know your thoughts in the comments.
Happy trading and have a great day.