Trading Plan GBP/JPYPotential for a fake breakout in the area around the significant Resisten on Entry Zone 1, and if the price penetrates entry zone 1, there will be a potential retrace in significant supply in entry zone 2
Supplydemandanalytics
ETHUSDT wants to retest the supply zoneThe price got a rejection from the supply zone as I told you in the previous analysis.
On the weekly timeframe, the price created a nice candle below the weekly structure and now the market is testing the 0.382 Fibonacci retracement.
On 4h timeframe, the price is testing the previous resistance as new support on 2800$
For a bullish scenario, the price needs to flip the 3k resistance with volume and confirmations, retest the supply zone as new resistance.
In the short term, we could see a new retest of the weekly area.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
JICPT| ARK seeking to go up with supply zone ahead to conquer! Hello everyone. After tumbling approximately 70% from the high created Feb. of last year, now the chart of ARK started to get my attention.
On the daily, the red downtrend line looks to be violated. The nearest supply zone is $68 to $72, which it has to be conquered to establish momentum to the upside.
So, I'm neutral until the zone being penetrated through. Price is likely to go sideways with the bottom boundary around $52 to $55 . I will pay close attention to zone if it revisit and retest the zone.
SUPPLY vs DEMAND 📉📉📉✅1) Use longer time frames to identify supply and demand zones
By zooming out, traders are able to get a better view of areas where price had bounced off previously. Be sure to use the appropriate charts when altering the between multiple time frames. Draw a rectangular shape to denote this zone. Demand and supply zones do not necessarily have to appear together - often currency pairs can reveal one or the other.
✅ 2) Identify strong moves off the potential demand/supply zone
Certain price levels offer value to either bullish or bearish traders. Once institutional traders and big banks see this value, they will look to capitalize on it. As a result, price action tends to accelerate relatively quickly until the value has diminished or has been fully realized. Witnessing multiple instances of this at the same price level increases the probability that it is an area of value and therefore, a supply or demand zone.
✅ 3) Use indicators for confirmation of support and demand zones
Traders can incorporate daily or weekly pivot points to identify or confirm supply or demand zones. At DailyFX, we have a dedicated page showing relevant support and resistance levels for all major markets. Traders should look for support and resistance levels to line up with demand and supply zones for higher probability trades.
🏦 Often, a currency pair will climb to an area of resistance called a ‘selling zone’, where sellers perceive there to be great selling potential at a relatively overbought price. The reverse is also true for currency pairs that drop to relatively low levels, ‘demand zone’ where buyers perceive there to be great value to buy.
If you haven’t learned the basics of the supply and demand, or would like a refresher, read our guide on the forces of supply and demand.
🏦 Supply and demand zones are observable areas on a chart where price has approached many times in the past. Unlike lines of support and resistance, these resemble zones more closely than precise lines. Traders can customize charts to identify the demand and supply zones
Do you use this concept ? 🔥
GBPJPY triple swing (low risk)Bullish (Check new supply to double/triple below numbers/ place sell in reverse order of buy limit)
Buy limit placed 153.600. Stop loss 153.200. Take profit 155.416.
3.0 Lot. $900 risk. Reward $2,448. (possibly 2-3 x this if levels of supply and demand are respected)
NZDCAD: Price action and PatternesHi Friends. According to our chart, it hits an area of supply as well as the formation of a double top, and then goes to reach the goal specified in the diagram.
GBPJPY SHORT OANDA:GBPJPY daily & 4 hour chart we can see nice supply zone setting for next selling opportunity. If price reach to supply zone I'm looking ABC / 123 correction in 15 minute chart. #gbpjpy #eurjpy #audjpy #nzdjpy all 4 charts are providing same chart pattern.
AUDUSD SHORTA fresh supply zone with great odds to go short on, price has established signs of strong zone, noted on the break of structure and other factors that confirm this zone, digging down to 4Hr you'll see a refine zone to go short on.
CADJPY SHORT2 Supply Areas nested within a Daily supply, Under a Monthly and Weekly Down Trend equals a potential down fall for this pair.
Daily supply established two odds that help us declare this pair will fall at the 2 noted 4Hr supply zones, those two odds are Break of structure and Imbalance away from the zone and other odds are also seen
Definitely going to be looking for shorts up those supply zones.
XAUUSD SHORTXAUUSD is currently pulling back to a supply nested within high timeframe area, Supply (1) has proven to be an area with potential seller orders with its mark of imbalance departure. Shorts are to be considered at area (1) or area (2)
6B Short Idea at 1.3510I have an alert set for when 6B comes into that 4 Hr Supply. A few more basing candles than I would like before the drop but it was a strong enough move to add to the watchlist. It also comes into a weekly LVN right above that Supply Level. One thing I will say is because that high was so weak, almost 7, 4 hour candles with almost the same high, I believe there is a chance we punch through and repair that weak high before we get the rotation, therefore my stop will be a little wider than usual, and I'll be trading less contract. Im gonna be front running the weekly LVN by a tick, cause I also think there is a chance we reject strongly off of the LVN and often times it will start rejecting a tick early. My stop is going above the anchored VWAP (off the recent High on the 13th) which also is where the 100 EMA on the Daily falls as well.
As always this is not Financial Advice, I am just sharing the trades I plan on taking for a few reasons, one to log my trades, 2) some accountability and documentation, and hopefully these Ideas help somebody to find some trades of their own. I would Love to see anybody elses Idea links in the comments. Happy Trading Everybody. Good Luck this week
SPX the same pattern = same result ?Honestly, things in the world now doesn't look very bright.
And to be honest economy is more unstable than in 2020 crash.
The FED will raise interest rates in March which can cause next crash.
It almost looks like the COVID crash, but it's longer
The crash will be the best thing that can happen now, because if it goes just up with such a high inflation, then the next crash can be more severe.
LVN & 4 Hr Supply at .709006A is coming into a weekly LVN at .70500 but if it breaks through this level ad pushes to the next weekly LVN, I like that trade better because it has 4 Hr Supply confluence. Keep it on the Watchlist.
As always this is not Financial Advice, I am just sharing the trades I plan on taking for a few reasons, one to log my trades, 2) some accountability and documentation, and hopefully these Ideas help somebody to find some trades of their own. I would Love to see anybody elses Idea links in the comments. Happy Trading Everybody. Good Luck this week
Nel asa rally!!!nel asa broke the trend channel and is now on an upward trend. I think it breaks the current resistance zone and then goes up to the next resistance at 23.4 nok. Nel Asa also gets supported by the EMAs
what you guys think? let me know in the comments :D
ps: I have Nel Asa in my portfolio
Potential breakout structure in the NAS100Good afternoon!
Judging from where we've come from, beliefs are that price could continue a surge to the upside following either today's NYO or tomorrow's.
Should price break out of the supply (then turned demand) zone of approximately 15440.00, we could see the NAS delivery another cracking move (similar again to the one seen on Monday of this week) to approximately 15662.00.
If that is to be the case, a window of opportunity could present itself in the form of a breakout trigger at arond the 15550.00 level or close to at least.
However, should price retest the 15m 200EMA and continue trading through the liquidity zone based at approximately 15290.00, it would ultimately invalidate this bias and we could potentially see a deeper corrective back down to approximately 15160.00.
Lets see what happens.
audcad (reverse h&sh)everything is clear on chart , after breaking the zone at pullback we will enter the trade also you can watch my previous analyze obout this pair
EUR/USD - Prediction of price movementThere is a W1 Medium Force that is offering a chance for an entry.
This entry is a D1 game opportunity. However there is a way to get in at the market structure level in order to convert the D1 SL into a H1/H2 SL.
I am showing you that 'around' 1.1800, you need to get in a long position, and hold it till 1.1970.
This offers a Reward Risk around 10:1.
GBPAUD Supply & Demand M30 AnalysisGBPAUD has a very significant liquidity level above. I expect price to grab liquidity while making an OrderBlock. Then, after taking orders from the OB, price can continue down to grab the liquidity from the downside. No bullish orderblocks exist to stop the price from doing that imo.
AUDNZD - 5 MIN REACP Quasimodo level??Daily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing signs of going lower. Already took some profit at QM level - Stop to BE.
