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Supplyandemandzones

USDJPY, Potential Bullish continuationPreviously UJ took a turn and retraced down to a respected daily supply/demand area @114.929. Currently we are looking at a continuation of the bullish trend, however we must first wait to see if there will be a breakthrough at the 4hr supply/demand area @146.504. If a breakthrough were to occur, wait for the closure above @146.504 price area. Once a four hour candle closes above the @146.504 area, be patient and look for potential areas for pullbacks to then enter a long/buy.
Long
by NoPumpFakesFx
Beginner Supply & Demand $SPY Chart Hey Guys, feel free to copy me, This chart is for beginners and new traders who're trying to understand supply and demand a little better! This shows an up-to-date picture of AMEX:SPY as of 1:00pm EST 8/24/2023. You'll notice the green and red rectangles across the screen. I color coordinated them for psychology reasons for you (personally I have all my zones white/gray). Think of the green boxes as BUYERS/SUPPORT and the red boxes as SELLERS/RESISTANCE. Supply = Resistance = Sell Demand = Support = Buy The terms aren't identical from a definition standpoint but for simplicities sake, you can use them interchangeably and associate them with each other. When drawing a demand/supply zone you want to look for LOW extremes and it strongly reverses to the upside (demand) or vice versa look for HIGH extremes and it strongly reverse to the downside (supply). There's ALOT more to it you can easily find reputable resources on youtube for free but as a quick 5 minute rundown, I hope this helps, and happy trading !!
AMEX:SPY
by EBMVI610
BluetonaFX - GBPUSD Looking For New DirectionHi Traders! There is a potential rising wedge here on the GBPUSD chart; however, the market has been trading sideways for the past couple of days. Depending on its next direction, the market will either break the supply or demand zones. That being said, there is a bearish bias here due to the lack of upside momentum after the big price rejection spikes we had that led to the double bottom pattern. The upside reversal move failed to break the supply zone just below the 1.28000 area due to a lack of new buyers in the market. The bears look like they have control here, so we are looking for confirmation of this, which is a break below the support line of the rising wedge and then a potential break of the demand zone at the 1.26900 area. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
10
H4 demand in playThis is a continuation of my first post, please go read if you haven't. Price is inside daily demand, provided a reaction and then came back deeper to the H4 level that I had marked. Today the M15 internal structure changed and it's now bullish, suggesting that the pb is over and price is ready to move higher. The first target is the most recent H4 high and then it's necessary to reevaluate the situation, because the way I see it, price is in a crucial moment. If it breaks lower from today's low, there's still the M15 at the very bottom, which is the last level before the break of H4 structure. If that happens, it's suggesting that price wants to mitigate a lower level on the daily and then it's valid to consider shorts.
Long
by CirculoForex
EURUSD: Long trade activeThe daily has been in a range for the last 9 days but there has been some amazing trading opportunities. However, the H1 is currently doing battle between a supply and demand level and feel the outcome of this will determine where the market moves next. Im not fully bullish on this move until we break that strong swing high. My stops are at breakeven. Here is my entry on the M5: Please be aware that there is high-impact CPI news today so be careful out there.
Long
by ORDERFLO
BEL - 240 MIN TIME FRAMEThe 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
NSE:BELShort
by Tradelikemee