USDCAD Analysis and Trade IdeaSell to buy idea.
I am looking at near term bearishness, followed by longer term bullishness.
Leave a like and a comment for this idea! And thank you for watching!
Supplydemandtrading
WILL GOLD CONTINUE TO RISE???On the larger timeframes, such as the daily and weekly, we have been trending bullish. However, for the past few days we have been ranging. Will this be distribution or accumulation? There's only 1 way to find out!
We are approaching a 4HR demand zone, right above it we have liquidity orders and a little imbalance just below that, these need to be filled. once this happens. we want the market to respect the demand zone and place our orders on 75% of the GANN, minimum ROI for this trade is a 1:5RR. with our SL being the lowest point of the marked swing low.
Although, this doesn't mean the market is obligated to play out the way we want it to, it's still a good place to consider. ;-)
BURJEEL HOLDING ADX UAE BURJEEL HOLDING reaching demand zone
ready for upward movement
ENTRY:2.14
SL:2.05
TP:2.68
RR=25% to TP1 but its direction is upward you better save profit and let 20% goes on
Ascending triangle XAUUSD According to the current market sitution 4h,daily and weekly charts show gold is bullish so more chances are that it breaks the triangle from the above side
Best buying position for gold is 1955 to 62
And Target is 1987 and 94
At current scenario Gold is forming asending triangle ,when market makes Bulish asending triangle it breaks upward and when market makes bearish descending Triangle it breaks downward.
Nifty: Likely to Test 16500 by the End of The MonthIt is trying to take support from demand zone but follow through is missing on the upper side. Also there is Distribution happened on the upper side.
There is a high probability to test 16500 zone at the end of this month...
Nifty: Downtrend or Time Correction Supply Zone @ 17385-17460
Demand Zone @ 16900-17095
Condition 1: Time wise correction between 17275-17460...
Condition 2: Sustain below 17275 downtrend will continue and test next Demand Zone.
Nifty: High probability to move above 18000 in coming week.Levels and other details are mentioned in the chart.
There is a high probability to get trending market on upper side.
I will change my view and position in case of price sustain below 17600.
Levels and analysis is for a position view (Option selling).
Bank NF:High Possibility for new all time high in coming weeksThis is my positional view...it's not for a trading but buy Bank Nifty in cash...
There was a selling pressure from 44000 and from 27th January there was a buying pressure from 37000. In short there is a wide range from 44000 to 37000.
There is no strong bearish candle in monthly chart and price action pattern is very strong with higher high - lower low.
In daily chart there is a strong bullish candle on 27th Jan from supply zone and bullish candle on 3rd march from 41000-41250 supply zone.
Multiple time frame suggesting that in coming weeks it may make a new all time high.
Nifty @ Supply ZoneI am expecting price / time wise correction in current exp.
I will change my view once it will move above 17900.
predictive analysis of nse torntpower in wcb.NSE:TORNTPOWER tested the upward trend channel zone and major support zone and reversed till now in wcb chart. drawn future paths according present price action and supply demand zones.
Nifty: Positive - High Possibility to Test Next Supply ZoneIf Nifty is managed to sustain above 17900-17960 then there is a high possibility to test it's next supply zone @ 18220-18320 in the next week.
I am expecting positive high volatility above 18220-18320 and choppy and sideways move between 17900-18320.
Other side of it will brake 17900 then it will be weak but I am not expecting smooth follow through on the down side because multiple supports.
Bank Nifty - Approaching to Demand ZoneBank Nifty is approaching to it's Demand Zone @ 41150-41250. Now it doesn't have a strength to brake and Sustain below the Demand Zone . Also from last two days volatility is increased.
It has a wide Supply Zone on the upper side so not expecting trending but at list expecting sideways move may end in next week.
This is purely positional view.
AUDUSD BUY @ Yellow price lineSupply and demand strategy.
Buy at yellow price line shown on chart.
Enter take profit for 50 pips.
Let me know how it worked for you.
NZD/USD Bullish from Major SupportWe are currently seeing price at a major level of supply on the weekly and we are most likely to see a bullish
market for the next couple of weeks.
Institutional Supply: GBP/CAD ShortHi everyone!
It's been a while that I've been sharing some charts!
The main currency of interest at the moment is The Pound! With a crazy strong move for the past weeks, finally many GBP based pairs have reached clean areas of value. The chart you're seeing above is GBP against CAD, which is currently sitting at a obvious daily and monthly area of value for us. Those that know how we've been trading for years know how to capatalize on these moves, I'll keep sharing some charts the upcoming weeks ahead.
Have a good time trading!
Kind regards,
MNieveld
US Oil (WTI Crude Oil) Analysis and trade IdeaA buy may be setting up.
The highlighted demand zone is expected to hold, as it caused a bullish break of market structure.
So we wait patiently for price to come to our buying zone, then look for bullish price action to confirm and valid entry.
ES (SPY) SUPPLY DEMANDSupply and Demand
Supply and Demand is one of the core strategies used in trading. It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. It identifies zones on the chart where demand overwhelms supply (the demand zone), driving the price up or where supply overwhelms demand (the supply zone), driving the price down. Most supply and demand traders wait for the price to enter these zones, where major activities of buying or selling have taken place, before entering a long or short position themselves.
I MOSTLY DAY TRADE BASED ON THESE ZONES. THE TIME FRAME I PREFER IS 2 MIN AND 5MIN TO TRADE THESE ZONES.
Waiting for a break out of this current range on EUR/USDLast Friday market mitigated the Imbalance left from their earlier in the week manipulation. So I would love to see a move clearing out bottom side liquidity and tapping into our OB to take price higher to unmitigated OB'S.
USDCHF will be the paradise of scalppers in next few days.There is not any strong dynamic nor static level in the way of the pair.
I think trend follower scalpers could make good money out of the pair these days. Moves are sharp and there are not serious problem in the way of the pair.
So, turn on your trend following experts ( trading bots ) to enjoy the good probable profit.
I recommend fast and slow EMA crossover.
How Far Will The Indices' Correction Go?My original analysis of the S&P began on the daily chart but I'm gonna use the 4-Hour chart to better illustrate my point.
On the daily chart, a demand level was formed during the mid-part of July. I marked out a specific point but that whole breakout area can be considered underlying support.
What I see here is that we are still in a major uptrend, despite what has happened these past few months. In this case, however, I still think that the corrective downmove still has some room to run. With that being said, if price is able to clear out this current supply zone (4000-4075), then I see price getting up to the 4160-4200 area. This may be the more likely scenario since daily demand appears to be in control. However, if weakness occurs at the present level (which is a possibility since we're hitting supply), then I don't see any significant demand coming into the market until we hit the 2900 area.
Conclusion: From a long-term perspective, this is a wait-and-see type of deal. For the short-term trader, there are many opportunities to be found whichever direction prices move. One opportunity I see is a long at 4020.
Bitcoin Correction? Let's See!I'm tempted to get into a long, drawn-out explanation for why Bitcoin (among other cryptos) may be a buy at the moment, but I'm gonna keep it as simple as I can.
Just so you guys know, I called the crypto top back in 2017 and the top late last year. I said that to say that I have a pretty good idea how to read market direction.
What I currently see if price hitting a weekly demand level between the 1750-2000'ish range and price has responded to that level in a way that you'd want to see if you're a bull. Once you get down to the daily, you see price consolidating as it has been doing since June. if I'm a long-term bull, this is what I want to see because it indicates (not guarantee) that there's possible accumulation at this demand level. If prices happen to breakout to the upside, then I see 30,000 as the next likely target. At 30,000 however, prices may fully reverse and continue down. Personally, I think that's what is more likely, which is why this long recommendation is more of a correction play and not a trend reversal play. However, if 30,000 is taken out, I think that we'll end up back in the 40,000's.
Conclusion: I think that a play on a long side is cool if one wants quick action in cryptos for the time being, especially as the dollar is moving down. The trend is still down, nonetheless, so I wouldn't get TOO excited about any breakout to the upside.
GBPCAD 1H TIME FRAME SHORTThis is a supply and demand set up. I see a lot of rejections and fundamental news... might turn the trend bullish during NFP. I definitely can see the market continuing bullish.
EURCAD Hidden OBwas looking at EURCAD to be able to go all the way bearish before, until I noticed a refined hidden 15mi TF demand zone where price is creating liquidity for.
we're likely to go bullish untill we get to Premium pricing.
