SOLUSDT | Long H4 | Buy Limit | Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 & H1 time-frame to activate our trade idea
- Entry level will be a Demand Zone for Solana
- Price action is in a consolidation zone
- Targeting the 61.8% Fibo retracement after trade is activated
Suggested Trade:
Buy Limit @ 123.15
SL @ 110.24
TP 1 @ 143.74 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 169.42
Risk-to-Reward @ Approx. 3.26 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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Supplydemandanalytics
AUDUSD | MT Long H4 | Middle of Parallel ChannelPair: FX:AUDUSD
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames
- Price action is now at the middle of a parallel channel
- Price is at 61.8% Fib Extension Level
- Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone.
Fundamental Confluences for Trade:
- Higher commodity prices is a positive for Australia economy
- Further war escalation from the Israel-Iran tension may bring on risk-off moves and affect this trade
Suggested Trade:
Entry @ Area of Interest 0.6390 - 0.6415
SL @ 0.6351
TP 1 @ 0.6448 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.6516
Risk-to-Reward @ Approx. 2.09 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
USDCAD Daily downtrend continuationAt this moment in time price is demonstrating weakness, however, need to take into consideration that it has just touched an unmitigated area of demand, to which it has reacted strongly, with that said, we could see a deeper pullback into the 1.3546 area of supply to make a run for 1.3045.
Conversely, we've just mitigated an area of refined H4 Supply, causing the H4 to change the character and possibly go for a run at this reaction from the equilibrium point of Daily structure down to 1.03045.
NQ Power Range Report with FIB Ext - 12/14/2023 SessionCME_MINI:NQH2024
- PR High: 16817.25
- PR Low: 16774.00
- NZ Spread: 96.75
Key economic events
08:30 | Initial Jobless Claims
- Retail Sales (x2)
Continuing to push supply into ATH
- ATH marker 17700
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 12/13 +0.08% (open <16765)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 224.46
- Volume: 48K
- Open Int: 252K
- Trend Grade: Bull
- From ATH: -4.6% (Rounded) (adjusted for contract changes)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
GBPUSD Establishing strength for bear sentiment GBPUSD at extreme(weekly supply zone) hits daily supply zone and moved away indicating a potential bear sentiment if it holds possible target would be 1.25563 or 1.25165 - 1.24511 in to demand zone.
GBPUSD might take liquidity at 1.26531 before dropping.
The Concept of Supply / Demand TradingThe principle of supply and demand trading involves identifying a counter-trend candle that precedes a sequence of three consecutive candles exhibiting strong bullish or bearish momentum. This specific candle is designated as the supply or demand level. The underlying theory posits that when the price retraces to the region where demand previously triggered a robust price movement, it is likely to encounter renewed demand, consequently attracting a larger number of buyers, thereby sustaining the prevailing trend.
Rule 1: The aggressive price movement must consist of 2-3 (3 preferred) candles that demonstrate remarkable strength in their respective directions.
Rule 2: The candle retracing to the demand zone should close outside of the zone, accompanied by a wick that reflects considerable strength.
How to locate Supply/Demand Zones?_Rupa_casestudyA very good morning to all.
The purpose behind publishing this chart is not primarily to talk about "Rupa and Co.".
The primary motive is to share the right approach to analyze any chart.
What do you look for when you look at a chart at first?
I have tried to put in a numerous things that i try to spot when i see a chart.
Now to talk about this particular chart of "Rupa and co.", the stock currently is very close to a major demand zone(both horizontal support and upward rising support). It is bouncing off the upward rising demand zone almost every time it approaches it. It now also has formed a 'double bottom' along the upward rising demand zone.
INR 220-240 is also a important horizontal support area. The upward running demand zone also currently shows support at INR 240. And is it random then that the most recent bounce that the stock witnessed came from INR 240zone??
What to make of this information? It tells us that the stock is currently going through the accumulation phase and 240-270 is a good price range to accumulate it. In the future when more demand for the stock kicks in it will accelerate firstly towards the INR 400 mark and then if it breaches that, then towards INR 550 mark. Both INR 400 zone and INR 550 were past supply/demand zones(support/resistance if you want to call them that) and hence one can again expect some slowdown around these crucial zones. In case of successfully breaching the INR 550 level the stock will dash towards INR 750-800.
I am sure i missed to talk about a lot of other things but i have tried to mark them onto the chart for easy visual grasp.
One can for sure make use of various other technical indicators available to confirm the views or even plan better entries. I prefer the raw price and volume data over anything else as it is the fastest moving and most reliable thing you will see plotted on a chart.
Note*- This post is for educational purpose only.
NQ Power Range Report with FIB Ext - 11/15/2023 SessionCME_MINI:NQZ2023
- PR High: 15913.00
- PR Low: 15894.25
- NZ Spread: 41.75
Key economic events
08:30 – Retail Sales (Core/MoM)
- PPI
10:30 – Crude Oil Inventories
Another day of expected news driven volatility
- Continues to drive supply towards ATHs
Evening Stats (As of 12:35 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Gap 8/2: -0.33% (closed)
- Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 243.93
- Volume: 27K
- Open Int: 271K
- Trend Grade: Neutral
- From ATH: -5.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Expecting a shift to the down side | GBPUSDGBPUSD have been ascending to the upside in 4H time frame taking the resent high as liquidity in to the supply zone (sell zone), regretless, the supply zone still holds since the daily time frame is bearish i am expecting a shift to the down side to take out the recent low at 1.27037 or the next at 1.26866 my expected target is 1.26624
Market Structure Shift | DXY LongDXY failed to take liquidity at 101.748 and gave a structural shift to the upside with 4H bullish momentum candles indicating a potential long, i expect a reach to a target above 103.372 in to the supply zone.
DXY might take liquidity at 102.432 or tap into the demand zone(buy zone) below 102.311 before hitting the supply zone 103.372.