Get started

Supply_and_demand

#AUDJPY buying opportunityLet's take a look at the AUDJPY 4-hour timeframe chart and explore the potential buying opportunity in this pair. Price yesterday successfully broke above the short-term bearish channel, aligning with the higher timeframe market structure, which adds to the possibility of the price intending to move higher. Currently, the price is situated at today's Pivot area, which has been providing support since this morning. Additionally, we are above the 1-hour, 30-minute, and 15-minute EMAs (Exponential Moving Averages) of 200, all of which together offer crucial support for the price. Moreover, this recent bearish move can be interpreted as a pullback to the broken channel line. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
6
#EURGBP selling opportunityEURGBP exhibits a valid bearish market structure in the 1-hour timeframe, as illustrated in the chart. This structure begins after the price tested an important daily resistance and was subsequently rejected. With this ongoing bearish move, we are inclined to take sell positions in this pair as long as the current structure persists. Upon closer examination, the price tested the bearish trendline and formed a 1-hour engulfing candlestick pattern . When combined with the preceding candles, it resulted in an evening star candlestick pattern. The occurrence of this pattern within a resistance area enhances the likelihood of its significance. The formation of this pattern leaves us with a clean-break area, which serves as an important supply zone where traders may consider selling this pair. Additional bearish confluences include the price testing the 1-hour and 30-minute 200 EMA. For selling this pair, the optimal area to place your stop-loss would be above the previous high. If the price reaches that point, it indicates the end of the bearish trend, and we would then be dealing with a bullish trend. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
2
EURAUD AT SUPPLY..... WHAT'S NEXT?If we understand the concept of supply and demand, then making trading decisions won't be so hard for us. trading is simple plus and minus. all you need is to identify a good supply{resistance} and then plan a sell trade from it. and or identify a good demand{support} and plan a buy trade from there. Supply and Demand are no different from support and resistance, they are simply an area and not a line.... they are the zones that makes things happen. price moves impulsively to the opposite direction once it approaches these areas. so with that in mind, I am looking to short EURAUD. as price just retested a supply zone and rejected for a second time. creating a double top like structure. Meanwhile, price had just broken out from a recent uptrend here in this 4hr chart. closing below a recent low... now I expect a pullback to the 1.67800 price area for a nice entry and a tighter stop loss. it may or may not pullback that much, but it is only right that it does. GOODLUCK GUYS!!!
by BOURNEBEE-FX
#GBCAD selling opportunityHello, everyone. I hope you're all having a great start to the week. Let's analyze the GBPCAD chart and explore a potential selling opportunity in this pair. However, please keep in mind that since we've also posted another idea for EURCAD, it's advisable not to take both of these ideas simultaneously, as it could increase your risk and disrupt your money management. The price is currently situated at a Daily Clean break area, which serves as a supply zone in the daily timeframe. Additionally, the price has reached the 61.8% Fibonacci retracement level and appears to be forming a rising wedge pattern. Moreover, in less than 10 minutes, a bearish hammer candlestick formation will likely occur in the 4-hour timeframe, further supporting the potential for this trading zone. It's essential to note that in the forex market, there are times when the price presents clear patterns. However, it often initially moves against the pattern to trigger traders who trade in the direction of those patterns and then reverses in the direction of the pattern. I believe that the bullish breakout from the wedge pattern is a false breakout, and the price will eventually return inside the pattern. For entering a position, you can either trade based on the 4-hour bearish hammer candlestick formation or wait for the price to return inside the wedge pattern. In any case, your stop-loss should be placed above the high formed in this candle. Wishing you all the best.
Short
by mohemati
2
BTC SETUPSHi guys, Today I have BTC for you. Since last week btc has been trapped underneath a supply area and has not been able to break through it. In terms of short trades there is a supply area around 35607 level which could drive the price down should it get there. Then if you want to go long you have to wait for the price to get to the demand area at the bottom then after confirming it in lower time frame take a long trade. So as always wait for the price to get to either of these areas and take your trade accordingly. Be honorable.
by AliHassanzadeh
SPY- Bearish Megaphone - UpdatePosting another quick update here on the SPY as it closed last week sitting on its 50-day SMA, after the 50-day SMA crossed below the 100-day SMA, while simultaneously rejecting the .50 FIB level. The SPY is holding yet another bearish megaphone as buyers and sellers continue to fight, accompanied by some slight bearish divergence on the RSI. Just some key FIB levels to keep an eye on in the interim, along with some RSI-based supply and demand zones, staying hedged. --Previous Charts Attached In Description --
AMEX:SPYShort
by jacobosiason7
XAUUSD LONG AND SHORT SCENARIOS Hi guys, I'm back with another analysis on gold. So let's dive in. So currently price is trapped below 1991 level which is the broken support and has already been tested once. Should price break through the level I would expect it to rise back to supply level around 2001. There with enough sell side participants market could drive down. If market begins selling off now then first area of demand would be 1979 area. Should price breached through the area next demand level would be 1964 which has been tested once before and would be second time. As always make sure you have these areas on your chart and act accordingly. Be honorable.
OANDA:XAUUSD
by AliHassanzadeh
USDCAD LONG POSSIBILITIES Hi guys, In this analysis I will be covering USDCAD. LEVEL 1.3891 has been acting as a resistance and price has already tapped into it multiple times. Should price begin selling off from this level, The first demand level would be 1.3832 and the one after that would be 1.3804. One other scenario is that price breaks through the immediate resistance with a fake out and taps into supply zone which is 1.3925 then starts selling off. One thing we should consider is Federal fund rate which is going to be publish later today and it will heavily impact the market. so be extremely cautious while taking trades on any of these levels. Be honorable
by AliHassanzadeh
XAUUSD BUY AND SHORT POSSIBILITIESHi guys, I'm back with this week first analysis. As always I'm gonna keep things simple. So price did react to my sell zone on last Friday and started selling off, currently price is reacting to the broken resistance(1992) which has turned into support level. I have multiple demand levels, the immediate one is around 1982-1980 which I wait for price to reach there. After that I would wait for a confirmation in lower time frame to take a long trade.
OANDA:XAUUSD
by AliHassanzadeh
#DXY more bullish outlookHello, everyone. I hope you're all having a great week. Let's analyze the DXY chart and try to make some predictions for the upcoming week. Last week, the price was rejected from the important low indicated on the chart and also established a new 4-hour high, as evident in the chart. Consequently, the market structure in the 4-hour time frame is now in alignment with the higher time frame, daily market structure, and they both exhibit a bullish trend. Given this scenario, our primary interest lies in taking long positions in high-probability trading zones. These zones could be around the short-term low marked with an arrow or during a pullback to the broken short-term bearish trendline. In the meantime, as we await the price to reach these levels, we will closely monitor the market. Once the price approaches these areas, we will be looking for confirmation signals before considering our trades.
TVC:DXYLong
by mohemati
2