240 MINS TIME FRAME - RAYMOND STOCKThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Supplyandemandzones
Bullish Descending Wedge ? ₿ Weekly S/R Level $24,363Price is squeezing to the downside as we approach our 24,363$ Weekly S/R Zone. It also happens to be an extreme Daily Zone. The next Daily zone being at 22K which is a 10% drop from $24,363 Level. Short Traders have enjoyed a consistent downside push across the past 2 Months ever since BTC tapped into the $30,000 Weekly Level. This Long idea has to do more with the psychology of some players wanting to jump in the short/downside train. We'll see if a correction will change their minds as I can see a correction to clear out liquidity after we touch into a weekly S/R level ( 24,363$) . This Weekly s/r level was quite relevant during August 22' and February 23' .
NQ1! Supply Demand Levels 6/20We just recently broke from the 1HR downtrend line and looking to break to make newer highs. We have news releases this week for possible momentum to do just that. For this reason, I have bigger EOW targets to possibly reach. For intraday targets, targeting 0.5-1% of the NQ price.
BULLS:I am interested in breaking the top of the trendline at 6/16/23 recent highs of 15475 and then the Daily supply zone above to be filled near 15.5k.
BEARS: I like the 14981 area as we had previous bounces on the 4HR TF about 3x. If we can break through this area, I would like the 14879 zone to be filled.
Link for chart: www.tradingview.com
EURGBP Daily outlook still week on HTFEURGBP Daily outlook still week on HTF. but Reaching out at the Demand is the strong level we can use the confirmation rule for a long setup if we have a break of structure or break of vailed TL then we can go long until hit the nearest supply level
Thanks plz share your thoughts in comment box
USD/JPY Potential Forecast|HTF Analysis| Tuesday 6 June 2023Hi everyone!
- on USD/JPY we have nice demand zone under price,
-Generally on USD/JPY price make a huge move to the top side in the last month.
-If you are planing to enter on demand zone use confirmations.
-I hope you all will have a good trading week.
Surrender Bears! Accumulation above 26,747 ? 📽️Timeframes are closing above Weekly Zone 26,770. Unless during the next 22 hours we see a 1.22% dump below our weekly level , I'm Looking up from here.
Price has returned into our range from the second half of May between Daily Zone 27,400$ and 26,747$ Weekly Zone. Price printed a solid Bull candle rejecting our Weekly level which was anticipated. Price consolidated and dropped slightly during yesterday's daily candle. We haven't started dumping and price has been consolidating along the Highs of our Daily range from the Second half of Month May. The Highs during the Second half of May being 27,400$. As the New week begins I am looking for an Increase in Bitcoin as the debt ceiling controversy ends and the Summer begins. 29,246 Weekly Level is our target for the 1st half of June. Safe Trading.
⚖️ Auction Market Theory📍Auction Market Theory, developed by J. Peter Steidlmayer and expanded upon by Jim Dalton in his book Mind Over Markets, explains how financial markets function as auctions where buyers and sellers interact. The theory focuses on two main objectives: facilitating trade through a two-way auction process and determining the fair value of assets. Supply and demand dynamics and price discovery play a crucial role in this process. Auction Market Theory is represented using tools like Market or Volume Profile, which utilize bell-shaped curves to identify the value area, representing 68% or 1 standard deviation from the mean.
🔷 In a balanced market , buyers and sellers agree on prices based on their perception of fair value. This leads to lower volatility and prices that remain relatively stable, resulting in a ranging market. The fair value can be recognized using the Market or Volume profile, which appears as a Gaussian bell-shaped curve. However, financial markets rarely stay in balance indefinitely. New information, whether fundamental or technical, causes markets to move away from fair value and transition into a different environment.
🔷 Imbalance refers to the opposite of balance, where there is a disagreement about fair value. In this scenario, one side of market participants becomes more aggressive, leading to a trending market. Typically, markets tend to trend only about 20% of the time and range about 80% of the time. When the market is within the value range, it is more likely to remain in balance and explore within that range. However, in the case of an imbalance, the market often drifts higher or lower until it reaches a stop, typically within a previous value area.
💥Key Takeaways:
🔸 Auction Market Theory explains how financial markets function as auctions, focusing on facilitating trade and determining fair value.
🔸 Supply and demand dynamics and price discovery are essential in the Auction Market Theory process.
🔸 Tools like Market or Volume Profile use bell-shaped curves to identify the value area, representing 68% or 1 standard deviation from the mean.
🔸 In a balanced market, buyers and sellers agree on prices based on their perception of fair value, leading to lower volatility and a ranging market.
🔸 Financial markets rarely stay in balance indefinitely, as new information causes them to move away from fair value and transition into different environments.
🔸 Imbalance occurs when there is disagreement about fair value, leading to a trending market.
🔸 Markets tend to trend about 20% of the time and range about 80% of the time.
🔸 When the market is within the value range, it is likely to remain in balance and explore within that range.
🔸 Imbalanced markets often drift higher or lower until they reach a stop, usually within a previous value area.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
🔔ATORUSDT🔔💥The resistance range has been broken and it seems that it can make a move...
🔥Low market cap and high risk...
✌WOMAN , LIFE , FREEDOM✌
GBPAUD I Approaching supply zone where it may fallWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
S&P500 - WEEKLY PREVIEW | KW03 |In today's article, we will look at the *S&P500* and its relevant markers
for the coming week.
> KW 03 = 16.01. - 20.01.
> The marks should serve you as orientation for your own analysis.
> The "VIOLET" marked ZONES are TARGET RANGES - for possible trades.
! NOTE !
If financial events take place, there is a high probability that through market maker manipulation, the given marks are not respected .
> Every Monday, I therefore upload a FX event overview, the respective week, which gives you an insight of the "turbulent" days and times.
The cover picture shows an example of a possible trade .
> This is one of many possible setups and is not alone in the room.
ASSESSMENT
This week, the S&P500 will, with great probability, come up against a strong resistance.
As can be seen quite nicely from the daily perspective, a downtrend line resistance area is coming towards it. (Red lines + Red colored area).
> In addition, important Fibonacci levels and a 4-hour SUPPLY zone are untouched, which for a further upswing, must first be overcome.
> My target range for the upward movement is - 4,040 - 4,060 points - in this zone, strong resistance should be expected at the latest.
> Of course, this forecast must be supported by the USD (DXY), which would be the driver for a possible sell-off in the S&P500.
POSSIBLE MARKET SCENARIOS
> THESIS 1:
On Monday, we directly see a strong USD = S&P500 immediately sells off.
> THESIS 2:
On Monday, we continue to see a weakening USD = S&P500 will run into my "target range" and then bounce back.
> THESIS 3:
On Monday, we see by the new data of W2, another down sell in USD = S&P500 will run into my "target area", conquer it and run up to further spheres.
OUTZOOMED
"4 HOURS + DAY - INTERVAL"
"1 HOUR + 4 HOUR - INTERVAL"
ZOOMED IN
"4 HOURS + DAY - INTERVAL"
"1 HOUR + 4 HOUR - INTERVAL"
POSSIBLE SCENARIES
„4 HOUR – INTERVAL“
> Let's share our perspectives and views in the comments.
> Sharing your point of view allows each of us to improve.
If this idea and explanation has added value to you, I would be very happy to receive a review.
Thank you and happy trading!
ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
EUR/CHF - LONG - ANALYSIS + EXPLANATIONThe "EUR/CHF" has been in a downtrend since March – 2021, and it is obvious that we can expect a trend reversal if necessary.
> The EUR is the base currency of the pair and has suffered greatly from the USD (DXY) appreciation.
> The CHF is generally seen as a security, which is why the EUR is losing out to them.
--> Once the USD (DXY) shows signs of corrective behavior, I personally expect a significant upswing.
= What this upswing might look like, I'll let you know in the following lines.
Table of contents
- 1st part = CURRENT STATE
- 2nd part = TARGET ZONE PROPERTIES
- 3rd part = CONCLUSION
PART ONE
Since the end of July until today, a formation has formed, which is also known as the "Head&Shoulders - pattern".
--> This is formed in the EUR/CHF "OVERCOME", which is usually ended with a "Bullish" breakout.
--> The neckline (breakout line) of the pattern, is located at the resistance line (gold-spiked), which has formed since March / 2020.
Thus, it can be concluded that if the pattern breaks out "successfully", we will also break the resistance line.
After the break of this resistance line, the following sequence of events would be possible:
1. SHORT-TERM TARGET = 1.618 FIB -> 0.98977
2. TEST = of the broken resistance -> conversion into support
3. TARGET = TARGET ZONE 1
SECOND PART
"TARGET ZONES" are drawn on the chart, all of which have "concentrated" resistance characteristics.
1. | TARGET ZONE | 0.99718 - 1.00000 | points
RESISTANCE - CHARACTERISTICS
- "MSB" (Market Structure Break) | March/2022 LL.
- "FIB" (Fibonacci) = 0.328s | Created March/2021 - September/2022
- "POI" (Point of interest) = 1.00000 | Psychologically important resistance level
- "MA" (Simple Moving Average) = 8-long | Monthly chart
- "ICHIMOKU CLOUD" = Conversion line | Weekly chart + Baseline | Monthly chart
- "VP" (Volume Profile) = GAP in the zone | Not much volume traded = little resistance.
2. | TARGET ZONE | 1.00879 - 1.01526 | points
RESISTANCE - CHARACTERISTICS
- "MSB" (market structure break) | HL of April/2022
- "FIB" (Fibonacci) = 0.618s + 0.65s | Created = May/2022 - September/2022
- "FIB" (Fibonacci) = 1.618s | Originated = 02/09/2022 - 26/09/2022
- "POI" (Point of interest) = 1.01000 | Psychologically important resistance
- "MA" (Simple Moving Average) = 50-length | weekly chart + 200-length | daily chart
- "ICHIMOKU CLOUD" = no resistance in the HTF (Higher time frame) time levels T / W / M
- "VP" (Volume Profile) = small volume | not much past traded volume = little resistance to the upside .
3. | TARGET ZONE | 1.02391 - 1.02791 | points
RESISTANCE - CHARACTERISTICS
- "RESISTANCE LINE" | Created September/2021 (4x touches).
- "FIB" (Fibonacci) = 0.75s + 0.786s | Created = May/2022 - September/2022
- "POI" (Point of interest) = 1.02500 | Psychologically important resistance level
- "SUPPLY ZONE" = | Monthly chart
- "ICHIMOKU CLOUD" = Cloud resistance | Weekly chart + Conversion line | Monthly chart
- "VP" (Volume Profile) = Strong Volume | Much Past Traded Volume = Major Resistance.
X. | POI ZONE | 1.03736 - 1.03936 | Points
RESISTANCE - CHARACTERISTICS
- "FIB" (Fibonacci) = 0.88s | Originated = May/2022 - September/2022
- "POI" (Point of interest) = 1,04000 | Psychologically important resistance
- "SUPPLY ZONES" = | Daily + Weekly chart
- "VP" (Volume Profile) = Strongest volume | Highest past traded volume concentration = Very large resistance.
- "MA" (Simple Moving Average) = 50-length | monthly chart.
- "ICHIMOKU CLOUD" = no resistance in HTF (Higher time frame) time levels T / W / M
4th | TARGET ZONE | 1.04839 - 1.05398 | points
RESISTANCE PROPERTIES
- "FIB" (Fibonacci) = 0.618s + 0.65s | Created March/2021 - September/2022
- "POI" (Point of interest) = 1.05000 | Psychologically important resistance level
- "MA" (Simple Moving Average) = 100-length | weekly chart + 50-length | monthly chart
- SUPPLY ZONES" = daily + weekly + monthly chart
- "VP" (Volume Profile) = GAP in the zone | Not much past traded volume = little resistance to the upside.
CONCLUSION
You now know what the scenario for "EUR/CHF" could look like.
The following conditions must be met:
- DXY (USD) starts to CORRECT = pressure way fall for the EUR -> EUR more dominant than CHF
- BREAKOUT of the H&S pattern
-> OVERCOME the resistance line + successful back-test
= transformation into a support line.
- DEVELOPMENT of the individual ZONES and their relevant resistance properties.
PS:
+ I have once taken the liberty to draw a possible "course", so you can see how it could run.
+ Many of the indicators described are not visible in the chart, so that a clear view remains.
-> Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
For anyone who would still enjoy the other HTF and want to hide all the "noise" - following the weekly and monthly chart.