DXY POTENTIAL SELL OFFAs u always state trading is a game of probability. so with that being said there is a possibility that IF the DXY fail to make it pass the (Drop base Drop) supply areas then we will continue to see Dollar selling pressure coming soon. NOT quite sure if this will tie into a recession or the next major thing like interest rates coming down but its worth seeing for XXX/USD continuations IF this setup happens.
Supplydemandanalytics
Nifty: Higher Probability of Breakout There is a Supply Zone on Weekly Chart @ 17800-17900 and Supply Zone on Daily chart @ 17850-17900.
There is Demand Zone on Weekly Chart @ 17400-17450 and Demand Zone on Daily Chart @ 16780-17745.
Normally there should be a follow through in price from weekly supply zone but Nifty is taking support from it's daily demand zone.
Also there is a positive RSI Diversion on Daily Chart.
There is a higher probability of breakout.
Gold Daily Supply and DemandGold has been recently bullish due to the Feds slowing the pace of interest rate hikes and fears of recession is looming. We also have the war in Ukraine that can potentially escalate even more. Gold can breach the all time highs.
Here are the Supply and Demand Zones that I will look for setups/reactions from.
Waiting...Gold - Pretty simple stuff today, trading with order flow, Daily down, 1H down, 4H down, 15m down.. Waiting for a pullback into current supply, the 15M H&S to complete and ill be pulling the trigger!
If current supply fails i'll be looking for short term buys up to to 1805.740 zone.
Let me know your thoughts!
BTCUSDT local bullish until the supply?
The price is testing the resistance on the 4h timeframe and now the market is trying to create a new higher high
How to approach it?
IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
#GBPJPY selling opportunityprice bearish impulsive move broke market structure as well as short term bullish trendline to the downside. price is now below 1H, 30M, 15M EMA 200, and in last hour price formed a bearish engulfing candle which shows that sellers are now into the market after a short term bullish corrective move.
now that we have different confluence for bearish scenario we can sell this pair if following happen:
1- price fail to close above the arrow
2- price forming double top or failure swing formation. (both of the formations shows price failing to goes higher)
3- bearish engulfing candle stick formation
US30 NEXT POSSIBLE MOVEThe price is approaching the supply area
We hope to see the price drop when we reach this area
USDCHF Swing Bullish Expect 0.9800Pivot: 0.9300
OUR PREFERENCE:
Long Position above 0.9300 with targets at 0.9800 and 0.9900 in extension
ALTERNATE SCENARIO:
Below 0.9300 look for a further downside with 0.9200 and 0.9100 as targets
Comments: target was determined by fibonacci retracement (Golden level). if you have any misunderstanding or want an explanation or suggestion you can private message me.
OANDA:USDCHF
Thinking About Buying/Selling GBPUSD ? This will help you :)You will see by reading my previous posts this pair has been moving exactly as expected since hitting the lows @ 1.04 it's been correcting at the predicted levels like clockwork picture perfect lol
What's next you ask ? As wrote in previous posts the SUPPLY/SELL zone at 1.21-122 is a target we got a small reaction at the 1.20 previous support/low I expect the market to pop back up towards the 1.21 area so I will be looking for my indicator to give a SELL signal on a time frame from 4hr-daily ass price goes above 1.20.
The first easy target will be the 1.16 previous swing high in current up leg we also have a newly created weekly DEMAND/BUY zone around 1.15 so this will be target area. You will also be looking to buy back into the up leg at this level too.
Let's see how we go read my related posts on this pair
One More Time?I tried coming up with a poem as a creative way of saying " History doesn't repeat itself but it often rhymes "
But I suck. Hopefully my analysis isn't half as bad. Because if this doesn't play out I will be so embarrassed.
If it does get this low I'm full sending it lol
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Warning Risk: Your capital may be at risk. This material is not investment advice.
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Tesla: Elliot Wave Price Action 4HrHello. Regarding the share of Tesla, we see that after a downtrend, we hit the bottom of the channel and we see growth again. It seems that after a strong failure in the monthly time frame, there is a pullback on this level to the value specified in the chart with this ABC correction.