Get started

Supplu_and_demand

XLE Long DailyAsset Class: Indices Income Type: Daily Symbol: XLE Trade Type: Long Trends: Short Term: Up Long Term: UP Set-Up Parameters: Entry: 90.44 Stop: 89.22 TP 93.70 (2.8:1) Trade idea: Retest of 1H demand zone formed by a drop-base-rally near the breakout level, SL is a bit lower to cover the deeper RBR structure as the price might test tis liquidity. TP set at the nearest SZ with a 2.8:1 risk-reward ratio. The RSI is oversold. !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry. Trade management: **When price hits 1:1 or T1, consider moving stop to entry in case of pullback. **Disclaimer**: The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
AMEX:XLELong
by MESHANL
1
GBPUSD Buy SetupOANDA:GBPUSD Hello traders, This is my Gbpusd trade idea. Just as i predicted last week that GU will likely buy this week in lower time frames, now it seems GU is ready to start this week bullish run, hence this setup. Reasons Behind The Setup: Daily structure is bullish Price retrace to discount price levels on daily Retest old high on daily. Price retest 4Hour discount price Order block. Price created a shift in market structure on 1hour time frame. What do you see on your chart? Kindly share your thoughts in the comment section, will be reading them. If you love my idea, give me a like and follow me for more future updates like this.
Long
by Elijahenoch7
2
An Example of QMYou've all noticed that I use RTM patterns extensively in my daily trades. Here is another example of QM. As always we have a perfect setup which was confirmed by breaking the last high with a good momentum candle. Upon retracing back to the QML, market bounces off and goes all the way back to hidden FTR. Should there be enough buyers price could continue further up to the 87.80 level which happens to be a supply zone. But there is a important thing here, make sure you check out the news because in couple hours major news will hit the NZD and this whole analysis could go other way around. Stay Tuned for further Education and analysis
by AliHassanzadeh
Gold to test $1950 supportXAUUSD remains vulnerable around intraday low of near $1960 as it drops for the second consecutive day while reversing Friday’s corrective bounce to $1980. The immediate resistance near $1965 suggests further downside of the gold price. A strong break below $1950 major support opens a path to March swing low of $1935. The resistance close to $1977 can challenge the XAUUSD upside. Overall, Gold is bearish below $1900 and $2000 and the rest of $1950 is highly expected. Gold may consolidate before a move to the downside. FOMC, high US data news and the Fed will also influence the next move.
OANDA:XAUUSDShort
by GOLDPIPSMAKER
Gold possible pullbackGold price consolidates recent gains after crossing the key resistances near $1800. The US Dollar rebound would allow Gold to have a pullback. The market awaits the key US Nonfarm Payrolls (NFP) during early Friday. If $1796 support broken another key level is the previous month’s top near $1787. Failure to keep above would open the door to $1750. The previous day’s high is $1805 and above it $1810 can be tested. XAUUSD bulls may target $1815 - $1820 if they manage to break above $1810. We expect a pullback from the resistance area.
PEPPERSTONE:XAUUSDShort
by GOLDPIPSMAKER
1