Supplydemandanalytics
Nzdusd HTF currently sitting on supply looking to drop this is a great opportunity on H4 to join the trend to the downside.
USDCAD 15M SUPPLY ZONEI am looking to sell from the supply zone for what could be at least a 5:1 RR. I do not underestimate the Demand Zones below. But there is only one really that concerns me. Either way, depending on the entry, I'll be looking to get out if I feel it is turning on me.
21.12.2020 Bank Nifty probable movement forecastPlease mark the level with the zone and trade according to your risk management.
RBL BankVCP pattern breakout and now awaiting breakout from a retest flag pattern.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
Always keep a stop loss to rescue you out of troubles.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
BTC Short: BTC CRASH COMING THIS WEEKEND!!The past few days Bitcoin has been chopping around the range but I think decision time is near. I know many people don't want to hear this but I think a crash is coming. The bitcoin bulls have been too greedy these past few weeks and the Bear gods are about to Smite the greedy bulls back to their basements as punishment.
I think it's gonna happen in the weekend. The price might pump a little(I'm thinking around 19k) on the open of the new daily candle to trap people before the real move begins. It's setting up for a big crash that will catch many people off guard and REKT. Even if you are bullish I think it's better to long once we break 20k with momentum rather than here. Check out the ideas below to get a better picture of what I'm thinking.
MARUTI LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
7050-7035 CAN ACT AS GOOD RESISTANCE
BUY ABOVE IT IF THE LEVEL IS BROKEN WITH VOLUME AND CONVICTION.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
ETH- So long, 400 lvl...Barring any catastrophic event in which BTC drops below 10k (because ETH hasn't decoupled from BTC), I think it is safe to say that it is very likely that we will never see ETH below $400 again (briefly dip below $400 is still possible).
I will continue to accumulate ETH at all the demand zones until around $375 lvl.
AUDUSD SUPPLYI see price broke below the previous major low on what is an overall downtrend on the DAILY. So, I have reason to believe that price will drop from this supply zone that I found on the 5 min. chart. Some demand zones developed along with the retracement rally, starting off of the reversal on the 1 hr chart, which might cut the drop short. I intend on getting out when the time is right as usual.
Price Trap (USD/JPY) IDEA......Wait for break AND retest on the 1 hour TF
enter 15 min TF
CONFIRMATIONS OF 2 BULLISH or 2 BEARISH candles DEPENDING ON BREAK OF ZONE (FLOOR OR CEILING)
25 Pips TP
25 Pips SL
1;1 RISK/REWARD
EXAMPLE
0.01 per every £100 in account
0.02 = £200
0.03 = £300
0.04 = £400
0.10 = £1000
BTC- PayPal hype could be as big as BTC ETF hypeThe drop to 9.2k-9.5k never happened and the recent consolidation above 10k demonstrated bull's conviction.
I expect the incoming shallow pullback and it will be even more bullish if weekly candle can close between 12k-12.5k.
First MicroStrategy, then Square and now PayPal.
PayPal supports 26 millions merchants and has 300 millions + customer accounts. Its announcement to support crypto payment couldn't come at better time.
Moreover, JPMorgan jumped on the bandwagon by making optimistic prediction of BTC's upward price potential this week.
Other on-chain indicators also point to the increase of whale hodlers.
Furthermore, institutional demand continues to go up while exchange reserve continue to drop.
Overall, I think BTC is making a steady progress and we are finally getting one step closer to break through the 3 year consolidation.
XAUUSD GOLD SUPPLY AND DEMAND ZONESXAUUSD GOLD SUPPLY AND DEMAND ZONES. Identifying high volume levels is very important. The reason behind this is because in high volume levels there are unfilled orders from the banks which are pending to be activated once price returns to that area. My trading is based off 4h with high level zones.
AUDNZD |BULLISH IMPULSE ON THE WAY|HI! SIMPLE IDEA ABOUT AUDNZD. THE PRICE RECENTLY CREATED A NICE BULLISH IMPULSE ON THE DAILY TIMEFRAME (HIGHER HIGH & STRONG MOMENTUM). I THINK THAT THIS WAS THE START FOR A BULLISH CYCLE SO NOW IT WOULD BE THE TIME TO LOOK AT ENTRY OPPORTUNITY TO THE UPSIDE.
WE SAW A NICE RETRACEMENT LAST WEEK AND YESTERDAY AND I THINK THAT THIS RETRACEMENT IS NEAR HIS END. WHY?
1. THE PRICE MADE A COMPLETE BEARISH CORRECTIVE CYCLE (3 IMPULSIVE WAVES)
2. THE PRICE IS CURRENTLY IN A DAILY DEMAND ZONE
3. BULLISH DIVERGENCE ON THE H1
4. THE PRICE ALSO BROKE AN H1 OPPOSING SUPPLY ZONE
5. LOW OF THE WEEK ARE USUALLY CREATED ON TUESDAY --> CURRENT DAY OF THE WEEK
ENTRY CONDITION
I EXPECT A STOP HUNT ( 3 EQUAL LOWS) THAT WOULD ALSO BE OUR SPRING PATTERN IN A WYCKOFF ACCUMULATION SCHEMATIC
WE WILL SEE
CORBEAU_FX
EURNZD | Bearish Move Sooner Than Expected? |HI, HERE IS A LITTLE UPDATE ABOUT MY LAST EUR/NZD SETUP. I THINK WE MAY SEE A BEARISH MOVE SOONER THAN I FIRST EXPECTED.
MY ORIGINAL IDEA WAS THAT THE PRICE WOULD REACH THE 1.800 AREA (BY COMPLETING THE FINAL CORRECTIVE WAVE) BEFORE THE MOVE TO THE DOWNSIDE. HOWEVER, WHEN LOOKING AT IT THIS SUNDAY, I SAW THAT THE PRICE COULD HAVE ALREADY COMPLETED HIS CORRECTIVE CYCLE. WE ALSO HAVE A STOP HUNT ABOVE THE RECENT EQUAL HIGHS ( BEARISH). THE PRICE ALSO REACTED TO THE 0.618 LEVEL FROM THE OPPOSITE BEARISH WAVE.
THE ONLY DOWNSIDE TO THIS SETUP IS THAT THERE is NO REAL STRUCTURE ON THE LEFT SIDE BEFORE THE 1.800 ZONE. TO PREVENT ANY UNECEASERY LOSS, I WOULD WAIT TO SEE A LOWER LOW BEING CREATED BEFORE LOOKING FOR ANY SHORT SETUP. THE SETUP AFTERWARD, WILL TRY TO CATCH THE RETRACEMENT OF THAT BEARISH IMPULSIVE WAVE.
EURNZD | Last Impulse to the Upside|HI, THIS IS MY POINT OF VIEW ON EURNZD, THE PRICE IS CURRENTLY ON A BULLISH CYCLE ON INTRADAY TIMEFRAMES & ON THE DAILY TIMEFRAME. HOWEVER, I DON'T SEE EURNZD MAKING A NEW HIGH IN A NEAR FUTURE (TOO MUCH BEARISHNESS AT THE TOP). THIS WILL MOSTLY BE AN INTRADAY SETUP THAT WILL TRY TO CATCH THE FIFTH AND LAST WAVE OF THIS CYCLE. THE PRICE ALREADY MADE THE FIRST 3 AND IS CURRENTLY DOING THE FOURTH (CORRECTIVE WAVE).
ENTRY ZONE:
I AM REALLY HIGH ON THE TRIPLE CONFLUENCE THAT CAN BE FOUND INSIDE THE H1 DEMAND ZONE.
1. H1 DEMAND ZONE
2. 0.618 FIBONACCI CONFLUENCE
3. 1.77500 PSYCHOLOGICAL LEVEL
I DON'T USUALLY TAKE A TRENDLINE AS CONFLUENCE, BUT IF YOU TRADE WITH IT HERE IS THE FOURTH CONFLUENCE
TAKE-PROFIT:
THE DAILY SUPPLY ZONE WOULD BE A NICE ZONE TO TAKE PROFIT IF LIKE ME YOU DON'T EXPECT THE CREATION OF A NEW DAILY HIGH
USDCHF | Closing the Weekend Gap|I expect USDCHF to close the Weekend Gap Soon. I also plan to hold that trade for a longer period of time. On the Daily, this setup will try to catch the fifth impulse wave. Wave 1 to 4 already completed in my opinion. Also, the price made a complete 3 waves corrective cycle = Retracement Completed.
Two probable scenarios:
1. The price retraces to the origin of the impulsive wave (Demand Zone) and continues it's way up. (Be aware of the weekend gap (Trouble area)
2. The price goes as far as the weekend gap before retracing to the origin of that impulsive wave.
GBPNZD BULLISHHI, JUST A SIMPLE TRADE IDEA, BUT I AM NOT SO HIGH ON IT WE WILL SEE HOW IT GOES. I THINK THAT IF THE PRICE IS TO HAVE A BULLISH IMPULSE THE H4 DEMAND ZONE WITH THE 0.786 FIBONACCI CONFLUENCE CAN BE A GREAT AREA TO BUY.
AUDUSD | CORRECTION/COUNTER-TREND |HI, I AM STILL BULLISH ON AUD/USD BUT I THINK THAT THE PRICE IS OVEREXTENDED. IF THE PRICE MANAGE TO BREAK THE DEMAND ZONE (IN BLUE). I EXPECT THE CORRECTION TO GO TO THE 0.618 RETRACEMENT FROM THE LAST BULLISH IMPULSE WAVE.
CORBEAU
