XAUUSD SHORT AND LONG SCENARIOHello Dear friends,
In this gold analysis I have multiple areas of supply and demand which I'm waiting for. Currently price is at the supply level which reacted this morning and i took 60 pips profit. As long as the current area is not breached, short opportunities exist. In my last analysis I drew a demand area around 1957 which yesterday reaction happened and price rallied up to 1971. Now same area could still prevent the selling off but you need confirmation if you are willing to take a buy there.
Just below 1957 area there is another demand area around 1940 so make sure you watch for it. In case price rallies up because later today Mr Jerome powell is giving a speech , I have a supply area around 1983.
As always make sure you add your logic into it prior to taking any trades.
Be honorable
Supplyandemandzones
XAUUSD BUY AND SHORT POSSIBILITIES Hi Guys, I'm back with another analysis on gold.
In my last idea I highlighted a supply area around 2002 and a demand area around 1979 which price reacted to both of them perfectly and ultimate result was a substantial profit. Now pretty much same levels reside on my chart and second reaction to these levels could be expected should price reach them. Today as the market opened price started selling off to the point of QM level which was formed on Thursday and currently is moving higher toward a resistance level. which could drive the price down and give us a good profit.
If our immediate demand and supply levels break there are other levels below and above them which could turn into lucrative opportunities. As always I'm gonna update this analysis as price progresses toward each direction.
Be honorable
GBPUSD LONG ENTRY NOV 2 2023Accumulation schematics shown in 1h TF.
Check the market structure and you can find liquidity grab from 45min timeframe down to 5min time frame. Its funny how fractals work because as you can see the daily is bearish but if you zoom in to 4h----> 1H you can notice the retracement because of demand zone interaction .
I go to 30min and 15 min timeframe for entry. wait for validation and pull the trigger.
check the charts and see the exact entry november 2 new york session activated the pending order.
RR: 1:14
ACCUMULATION
BTC possible next move.here is my insight on BTC, as expected BTC did bounce in the zone I placed from my previous analysis.
BTC might try to go range, or try the highs because of the divergence in lower timeframe before going down to retest the support.
I placed the possible entry for long:
1. previous high
2. 50% of the previous gap.
Ofcourse this might go lower, touch the middle of the channel maybe.
Overall I'm still bullish but still expecting some pullbacks before going up again.
#BTCUSDT
This is not a financial advice, It is not 100% guarantee, and I only share base on what I see.
Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
EURUSD BUY AND SELL POSSIBILITIESHi guys, This time I'll be covering EURUSD. SO currently price has tapped into our supply area which is around 1.0674-1.0694 and is selling off. Should selling continue I would expect the price to decline to 1.0623 which is the broken resistance level. Then below our support level we have a demand area which has been tested once and it could be worth trying it for the second time. So make sure you have these two levels under observation and take appropriate action upon price reaching there.
Be honorable
🔔BTCUSDT🔔If the price stays above the blue trend line and stabilizes itself, then it can be said that the market is bullish and the decline scenario fails. Otherwise, the bearish scenario is still in place... the blue trend line is the line between life and death for Bitcoin...
WOMAN , LIFE , FREEDOM ✌
USDCAD buy trade scenario oct 18 2023First step analysis done in daily TF. --> bullish structure (HH-HL-HH)
2nd step--> 4h-1H Obvious Accumulation scenario.
45min-15min---Look out for entries.
i noticed a validity of demand in 15 min TF so I waited for it to touch again the IC- OB but 45min structure was respected. However, I set a pending order, Only to find out that I am already in the trade.
RR: 1:11
aiming for both 1H and 45 min structure.
Note: Always check my charts for a clearer picture with annotation .
Happy learning.
USDCAD OCT 122023 Sell TradeUSDCAD daily market structure is bullish, mitigating previous supply zone.
After it retraced , I notice a reaction on previous demand (can be seen from 30min TF up to 2hTF.
I wait for validation and as seen on 15 min TF. I have my entry after proof/validity. with CHOCH label.
Simple Wyckoff accumulation with bullish reaction.
RR: 1:6
AUDNZD I Strong Demand Level AheadWelcome back! Let me know your thoughts in the comments!
** AUDNZD Analysis - Listen to video!
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GBPUSD: SHORT IDEAIf this #GBPUSD plays out to my TP there could be a potential short at the buy/sell supply zone above on the M15.
I'll then be going down to the M1 chart to look for my entry model to play out.
I'll only be taking 75% profit at TP just in case the market moves further to the upside.
EURNZD | 2.67 Reward To Risk TradeThis is bearish potential trade on EURNZD
12 hour timeframe is bearish. A new low was made on Friday.
Price can go lower overnight. If it does
we can adjust the take profit.
Stop loss and entry will stay the same.
Stop loss and entry are noted as
Entry: 1.77394
Stop loss: 1.74882
You can move stop loss higher if you prefer more room for the trade to breathe.
Belief: For God did not give me a spirit of fear, but of power, love, and a sound mind.
Rather this trade wins or losses, I pray God for the opportunity.
If you liked this analysis please like this analysis and share it with another fellow trader.
Much love,
Shaquan
NZDCAD's 2:1 Reward To Risk Trade IdeaThis is bullish potential on NZDCAD.
12 hour timeframe is bullish. A new high was made on Friday.
Price can go higher overnight. If it does
we can adjust the take profit.
Stop loss and entry will stay the same.
Stop loss and entry are noted as
Entry: 0.80362
Stop loss: 079827
TP: back up to highs unless price creates new fluctuation in price action.
You can move stop loss lower if you prefer more room for the trade to breathe.
Belief: For God did not give me a spirit of fear, but of power, love, and a sound mind.
Rather this trade wins or losses, I pray God for the opportunity.
If you enjoy this takeaway please like this analysis and share it.
Gold eyeing 1950Price has been bearish for the last 5 days with strong momentum, it has tapped into a breaker block at 1957 and its showing some bullish momentum which I believe would push Price back to 1945-1950 region to retest a supply zone.
DXY has shown weakness has Price is moving with high bearish momentum which should push GOLD higher in the coming week.
Elliot Wave
I believe Price is correcting downwards on the daily, and it is currently printing out wave B of a zigzag pattern which would end at 1780-1800. At the moment we should see Price push up back to 1950 to complete the smaller wave c of the complex wave B
I would advise looking out for buying opportunities
So, I am buying up to the first TP at the supply zone drawn with SL at the bottom of the demand zone.
This is a long term trade. RIsk Management is advised
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
BTC possible next move.here is my insight on BTC. we might see it pump again before going back down or break a new high for this year. marked the zones that might become a reversal area for BTC or steppingstone as we make new highs.
#BTCUSDT
This is not a financial advice, It is not 100% guarantee, and I only share base on what I see.
Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
BluetonaFX - EURUSD Trade IdeaHi Traders,
There is a long opportunity on the EURUSD 4H chart. The market recently closed out the falling price wedge and is indicating a possible retracement to the supply zone, as the market is likely to be oversold at this point. This is also supported by the market breaking and closing above our 20 EMA. There is an opportunity for a long entry near the 20 EMA and to exit towards the supply zone.
The supply zone area is 1.07582–1.07691.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
BluetonaFX - AUDUSD Looking For DirectionHi Traders,
AUDUSD has been stuck roughly in a 165-pip range for the past few weeks and is looking for a direction to continue in. Looking at the price action on the 3H chart, we have drawn the supply and demand zones for you to see. There have been numerous price rejections at the supply zone; the demand zone is at its yearly low of 0.63574. The price action is leading to the bearish side for a few reasons: firstly, the market has rejected any upside push to the supply area around the 0.65000 area; secondly, there has been no momentum push to the upside when the market reaches the demand zone, which indicates a lack of buying power; and lastly, we are still under the 20 EMA.
That being said, to continue with a bearish bias, the market must break the yearly low at 0.63574 with momentum to continue down. If this does not happen, there is likely to be price rejection here, and we are likely to head back up towards the 0.64000 area.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
Sell trade Sept 6 2023- GBPUSDAs you can see on the chart, we have a clear market structure in Higher Time Frame.
I noticed that it has the same bias last tuesday.
Upon checking , I see an IC within the move of NY yesterday.
I waited for its validation during asian session and then entry at London Open with SL at 50% of OB (check the chart).
RR: 1:8
Distribution Schematics.
Target Area--- > 1H swing structure.