WTI 15 of JuneWTI is very easy to trade patterns. In this scenario, price broke the pattern, made a retest and started a new bearish trend.
Overviewfx
GBP/JPY 15 of JuneGBP/JPY, after a strong bearish momentum, finally stopped it after having rejected a demand zone and a liquidity level.
US30 16th of JunePrice made a fakeout on the first support zone. It took liquidity, on the support below, it retested the zone and it flew up.
GBP/USD 01/06/2022GBP/USD is in the middle of a demand and a supply zone, before searching for an entry, I will wait for a fake out highlighted with the strength lines. I will try to search for an entry on M1
WTI PREDICTION 30/05/2022 WTI is amazing to trade. It always moves based on pattern, especially on m30. In this scenario we can see:
Pattern Breakout
Supply Zone Retest
Zone to Zone Target
Demand Zone as T.P.
GBP/USD Key Level GBP/USD is in the middle of 2 demand and supply zones. My suggestion is to wait for the price to touch the zones before searching for a sell or a buy. My entries would be after a fake-out of the zones represented by the 2 lines.
Gold analysis 29/05/2022
As we know, XAU/USD is a very volatile pair and is not always easy to identify its next movement. Currently, it is touching a supply zone after the breakout of a pattern and a double bottom that gave it the push to the baseline. Scenario A is the most probable, but if you know gold...you know that you can't exclude also scenario B.
Is trading addictive?Is trading addictive? Yes, if you do not consider
trading as a business, it can become addictive.
Swing TradingSwing trading is a speculative trading strategy in
financial markets where a tradable asset is held
for one or more days in an attempt to profit from
price changes or "swings".
Strong TrendIn this case, the “buyers” are in full control of the trend
and there are only small bearish moments. It is very difficult
to enter the pullbacks because there will be only a small part
of them as the market will tend to push upwards. The best way
to trade in this situation is to pick up the signal at the beginning
or otherwise wait for a break out of the structure. This scenario
is called "Strong Trend"
FakeoutFakeout is a term used in technical analysis to
refer to a situation in which a trader enters into
a position in anticipation of a future transaction
signal or price movement, but the signal or movement
never develops and the asset moves in the opposite
direction.
Confluences“Confluence trading” is when you combine more
than one trading technique or analysis to increase
your odds of a winning trade. In the example above,
you can see how was possible to catch this new uptrend,
you might have used Fibo or a retest of a broken trend
line or a demand zone.
Time FramesBefore entering a trade, is not important to just look for
confirmation, is also important to look at smaller time frames
to see if your analysis is completely valid. I personally use all
the time frames also the 1min!
AccumulationThe accumulation area represents a period of buying,
typically by institutional buyers, while the price remains
fairly stable.
VolumeVolume is the only indicator that, sometimes, I use.
It tells you if the trend, once in a S&D or S&R zone
will bounce or continue the trend. If once reached
the zone the volume is super high, the trend has a
high possibility to reverse.
WicksWicks tell us if the trend is still strong or not. Many
traders use them as their first strategy, I try to use them as
an extra confirmation. A lot of wicks tell us that the
trend is exhausted and that it wants to change direction.
Easy and effective!
Base LineEvery Supply or Demand zone has a stronger level on it.
That is called base line and it can be drawn between the end
of the indecision candle body end the beginning of the
legout body. Give a look at the graph and watch how this level
influences the market!
