Hello ! Usdjpy Reached At Multiple Weekly Resistance Strong Area . It Will Sell From Resistance . you Can Take Sell Trade On Weekly Chart .I Hope You Will Get Green Pips .
Here we have updated potentially significant Support Resistance Areas. When I post these areas please look for Price Action there. Like in our previous idea price slightly broke through the resistance but it never gave a buying signal there. The buying or selling decision has to be made watching Price Action watching the Candle Sticks patterns over there. Previous...
I'm interested in a lower time frame supply zone within a higher time frame supply zone that is also an Upthrust After Distribution. The previous supply zone might prevent price from reaching my zone of interest but that is okay. My target is the support line when imbalance had occurred on the Daily, giving me a possible 1:11 RR.
I am looking at a SUPPLY zone on the 5-minute chart. The supply zone is greyed because there is a lot of trading happening to the left of it.
Price approaching a Daily Supply inside a Weekly and Monthly we can anticipate a drop
So, now I have my confirmation and now switching my attention to the SUPPLY ZONE above. I put in a SELL STOP order. If it closes above the distal of my zone, I will close the order.
I combined two supply zones on the 1 minute chart for this sell setup trade.
This here is a high probability supply zone actually on the 5m chart that one can take for a quick 3:1 RR gain.
I am looking to sell from the supply zone for what could be at least a 5:1 RR. I do not underestimate the Demand Zones below. But there is only one really that concerns me. Either way, depending on the entry, I'll be looking to get out if I feel it is turning on me.
USDCAD Short from Weekly Supply
Hello Traders! I decided to do an Update now for GOLD. In the last analysis I mentioned a possible short Trade and I that will confirm the trade. We had no Price Action Confirmation to sell and No Price Action Confirmation to buy What can happen now? On Gold we got 2 possible scenarios. #1 Price will not create a higher high and will drop down to the Demand...
Practicing and testing how order blocks work. Order blocks are a different way of looking at support/resistance and supply/demand.
Quite possibly an orderblock forming right here, 4h shows major wick to grab stops, possible trade, might have an S/L lower than this.
#EURCAD is on the demand zone It has been breaking and testing the trendline Go long for long-term Target in supply zone that has the inside bar
#USDCAD has broke the trendline Waiting for shorting in the zone that has bearish engulfing (price action)
#EURGBP broke the trendline It need to have a pull back before going up in long-term Waiting for Buying
#EURUSD is in demand zone on daily time_frame We can buy a bit and target RR = 1:3 Waiting for it