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Supply and Demand

GBPNZD Swing trade idea WC 13/02/2025GBPNZD is currently hovering around the 61.8% Fibonacci retracement level on the daily timeframe, which also aligns with the previous higher high. This area is a key zone of interest, as it may signal a potential buying opportunity targeting the next swing high around 2.28860. However, it’s important to monitor price action closely near the 2.23406 level, as there’s a possibility of forming a triple top at that zone, which could lead to a pullback before continuing higher. Traders should be cautious and look for strong rejection or confirmation signals before entering positions, as this area could dictate the next significant move in the pair.
Long
by Thetraderscollective
Gold Intraday/Swing idea WC 13/01/2025Gold still bullish based on higher timeframes after breaking the 2655 KL with Fridays NFP. We still have close to a 300 pip bullish move to 2715 before reassessing the trade - as we could create a triple top at this level and pullback before continuing higher. If this does happen we could have a deeper pullback to c2585 before creating a new higher high (which would fundamentally line up with Trump coming into office) If we get a break and close below c2583 zone we would be seeing a shift in momentum with structure changing to bearish. Today 13/01 intraday idea - Currently no trade as we are in the middle of the 2655-2717 range so would need to tap 2717 and reassess or pullback to Fridays highs for a buy opportunity.
FPMARKETS:XAUUSDLong
by Thetraderscollective
Cake 70% profitFrom the data provided, CAKE's price has shown significant volatility. Starting around 2.027 in January, it surged to 3, indicating a strong bullish trend 🚀. However, it later corrected to around 2.110, suggesting a potential support level 📉. The signals in the chart hint at a possible buying opportunity at support levels, especially if the price holds above 2.110 🛑. If it drops below this level, it might indicate a continued downward trend 📊. Given the high volatility, traders should exercise caution and use risk management tools like stop-loss orders 🛡️. Staying updated with market news and developments can also aid in making informed trading decisions 📰💡.
Long
by ahmadarz
EURGBP - Bearish Setup at Key ResistanceThe EURGBP pair is approaching a notable supply zone, where sellers have previously regained control and driven prices lower. This area has historically acted as resistance, suggesting the potential for bearish continuation. A confirmation of selling pressure, such as a bearish engulfing pattern or multiple rejection wicks at the resistance level, would increase the likelihood of a downward move. If the selling momentum materializes, the price could target the 0.83586 level. What are your thoughts on this outlook?
Short
by TrendDiva
NQ Power Range Report with FIB Ext - 1/13/2025 SessionCME_MINI:NQH2025 - PR High: 21027.75 - PR Low: 20942.50 - NZ Spread: 191.0 No key scheduled economic events Breaking below 21000 inventory pivots from Nov 27, Dec 20 and Jan 2 - Should peak the interest of both buyers and sellers (liquidity boost) - Buyers expecting repeat rotation - Sellers expecting bullish breakdown - First full trading week since the week before Christmas Session Open Stats (As of 12:25 AM 1/13) - Weekend Gap: N/A - Gap 10/30/23 +0.47% - Session Open ATR: 387.17 - Volume: 39K - Open Int: 242K - Trend Grade: Bull - From BA ATH: -7.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22667 - Mid: 21525 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2025Short
by mv3trader5
GBP/AUD 4H Timeframe AnalysisGBP/AUD 4H Timeframe Analysis Trend Analysis On the 4-hour timeframe, GBP/AUD is currently in a downtrend, consistently forming new lower lows following previous highs. The price recently broke below the first minor key support at 1.9900, retested this level, and is now moving toward the next minor key support at 1.97800. However, the price has not yet managed to decisively break this support level. Price Action Expectation: Our objective is to wait for a clear breakout at 1.97800 minor key support. Wait for price to Accumulating sellers' orders within the current Accumulation area. Monitoring for a retracement where the price moves upward, breaks the minor key resistance, and reaches the liquidity zone, triggering the liquidation of sellers' stop-loss orders. After liquidity is cleared, we will look for the price to break back below the minor key support at 1.97800, confirming bearish momentum. Trade Setup Trade Type: Sell Stop (Breakout Trade) Entry: 1.97580 (on confirmation of a break below minor key support) Stop Loss: 1.98440 (within the liquidity zone to account for false breakouts) Take Profit: 1.95750 (next significant support level) This setup requires patience and discipline, as we need to wait for the price to fulfill all conditions before our entry is triggered. If the price fails to break the accumulation area and moves upward into the liquidity zone, our setup will remain safe. Conclusion: GBP/AUD is exhibiting a bearish continuation pattern, but the price needs to clearly break below 1.97800 for confirmation. The strategy emphasizes patience in waiting for the ideal entry point, as well as a disciplined approach to managing risk within the liquidity zone. Risk Management: Adopt a 1:2 risk-to-reward ratio, ensuring your position size aligns with your account equity. Monitor price action closely, especially around the 1.97800 support and the liquidity zone, to validate the setup. If the breakout conditions aren't met, avoid forcing the trade and reassess market structure. Financial Advice Trading involves significant risks and is not suitable for all investors. Always ensure you: Understand the market and the risks involved. Only trade with capital you can afford to lose. Diversify your investments to avoid overexposure to a single trade or market. Seek advice from a financial professional if you're unsure about any trading decision
Short
by RebornFXTrader
Gold: Bullish Momentum and Key Reversal LevelsOANDA:XAUUSD Gold Price Analysis: Bullish Momentum with Potential Reversal Zones The chart is a 4-hour candlestick chart for CFDs on WTI Crude Oil, showing the price at 78.01 USD with a gain of 1.47 USD (+1.92%). The chart includes several technical indicators and annotations, such as BOS (Break of Structure), CHoCH (Change of Character), and Fibonacci retracement levels. The chart also features volume profile bars on the right side, indicating the price levels with the highest trading volumes. Analysis Price Action: The price is currently in an uptrend, as indicated by the higher highs and higher lows. The BOS and CHoCH annotations suggest key levels where the market structure has shifted. Smart Money Concepts (SMC): The BOS and CHoCH annotations indicate areas where institutional traders might have entered or exited positions. The price has broken above a significant resistance level around 75.83 USD, suggesting bullish momentum. ICT Elliott Wave: The chart appears to be in the impulsive phase of an Elliott Wave, likely in Wave 3, which is typically the strongest wave. The Fibonacci retracement levels (0.382, 0.5, 0.618, 0.705, 0.786) provide potential support and resistance levels for the ongoing wave. Indicators: Volume Profile: The highest volume nodes are around 75.83 USD and 73.37 USD, indicating strong support and resistance levels. RSI (Relative Strength Index): The RSI is not explicitly shown, but the purple line at the bottom suggests it is being tracked. Buy and Sell Strategies Buy Strategy: Entry: Enter a long position at the current price level of 78.01 USD. Take Profit 1 (TP1): 80.00 USD (199 pips) Take Profit 2 (TP2): 82.00 USD (399 pips) Stop Loss (SL): 75.83 USD (218 pips) Sell Strategy: Entry: Enter a short position if the price falls below 75.83 USD. Take Profit 1 (TP1): 74.00 USD (183 pips) Take Profit 2 (TP2): 72.00 USD (383 pips) Stop Loss (SL): 78.01 USD (218 pips) VIP Signal: Buy: 78.01 USD TP1: 80.00 USD (199 pips) TP2: 82.00 USD (399 pips) SL: 75.83 USD (218 pips) Sell: 75.83 USD TP1: 74.00 USD (183 pips) TP2: 72.00 USD (383 pips) SL: 78.01 USD (218 pips) This comprehensive analysis leverages various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave Theory, to provide detailed buy and sell strategies. The Fibonacci retracement levels, volume profile, and RSI indicators highlight key areas for optimal trading decisions.
TVC:GOLD
by Alexgoldhunter
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