just a few idea is for my own education purpose trade on your own risk
leave like and comment what you think :)
Supplylevel
AUDCHF - Engulfing on supply Level - SELLHello traders,
I found a supply level that was hit last week. The price is currently in a consolidation.
I waited for a confirmation (candle formation) before entering the trade. The confirmation was a engulfing candle on the D1 Chart.
Below the indicated supply zone, a demand zone has formed, which now has to be overcome.
Then the way is clear until the demand level before the rally.
SL I place above the high of engulfing candle. (0.68469)
I place TP above Demand levels. (0.6666)
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
USDNOK #Forex #ForexTrader #ForexTrading #ForexChartAt a big area of Supply on Weekly TF look for possible selling opportunity
AUDJPY SUPPLY LEVELIf price rally to 75.064, I have an entry there waiting, spotted on the 4hr time frame, with a high probability chance of sending price right back down because the Yen is very strong on the higher time frames while the Aussie has been weak for weeks.
CL1! SHORTOnce price reaches the Supply Zone (SZ) at 61.06, I expect a drop down to the next respectable Demand Zone (DZ) at around 57.86. I'm prepared to bail out at the first target (T1.) at 58.79. It says that price is up-trending but on the Daily it shows that it is actually down-trending.
Gold - Sellers Taking Over? (Supply & Demand)Currently pushed back up into newly created supply and also in an overall selling market. Will not be surprised if we see the sellers push it back down once again. Let's see how it plays out.
AUDCAD SELL Daily IncomeIf the price reaches 0.93300 (sell entry), I believe there are sellers there that will push price back to a demand zone of 0.92910 (Take Profit) for a good 3:1 R:R.
USDJPY SUPPLY LEVEL SELLI have reason to believe price will be heading down. It reached the Supply Zone but cannot break through it. Also, there is a resistance line that price didn't close above yet within the zone. Now it may not reach 3:1 RR target because of the DZ waiting there. The DZ was violated, buyers were in control for a bit. So, there are buyers for sure. But the price didn't reach beyond 50% violation of the zone, which tells me there are more buyers. It's safe to just go for the 1.88:1 with your sights on the 3:1.
Supply Zone SELL AVON (AVP)Price is reaching a supply zone on the Avon (AVP) chart in something that is clearly leaning to the downside. I anticipate a drop from this zone for a 3.54:1 RR.
Short in supply zone #ABBABB Limited provides power and automation technologies. The Company operates under segments that include power products, power systems, automation products, process automation, and robotics.
although this company is above my $10. nonetheless, this zone is well nested and willing to go short
USDCAD - Supply zone Price hasn't yet touched the supply zone, there is a chance we may see price push up into the zone before a drop
USDCHF SELLIf price reaches 0.00464, there is a high probability that it will drop from that hourly dbd supply zone (green) for at least 66 pips. It also helps that the hourly dz stems from a DAILY demand zone (red), price just broke through hourly uptrend line (green) to start a downtrend and there seem to be more sellers than buyers.
GBPCHF Supply Area detected. Bearish Move ExpectedGBPCHF
Short Term Supply Level Detected
Potential move to the Downside expected
opportunity for good return on Investment
GBPNZD Potential move to the downside expected #GBPNZD
Short Term Supply Level Detected
Potential move to the downside expected
opportunity for good return on Investment
AUDJPY SELL & BUY SUPPLY & DEMANDA Supply Zone and Demand Zone (both blue boxes) I just noticed on the AUDJPY 15min chart. One will certainly trigger. I have more faith in the SZ since price broke so many levels to create a reversal, not to mention breaking my green trend line, which was created on the 1h. If price returns to that zone, I expect it to continue the drop. And maybe there are enough buyers in the DZ to get at least a 1:1 RR on a retracement rally.
AUDUSD 60m SellScratch my previous post about the #AUDUSD short. I notice a better supply level (green) just above it for a weekly income with an entry of about 0.72481. #forex
01.02.2019 LTC BTC BinanceFollowing yesterday's analysis, liquidity cleared on the upside as we had speculated. Price did not reach the Upper block not allowing for an optimal short opportunity.
Liquidity now rests on the downside. Market will either dump from here or try reaching the upper block. Daily close will indicate our next moves.
EURCAD SELLI'm speculating that the price on the EURCAD will drop from this SUPPLY ZONE found on the 5m for at least a 1:2.79 RR. Also, there is a divergence developing with the RSI in relation to price. A Euro report will be announced at 4 AM Eastern Time but it is a low impact report that doesn't concern me.
USDJPY SELLI detected a supply zone on the 5-minute chart that seems to be solid with more sellers than buyers. If the price crosses above 112.872, then I believe it will come down for a potential 2:1 reward/risk. But, it has to break below the zone between 112.791 and 112.776 for the risk/reward to be possible.
GBPCHF SUPPLY ZONEI spotted a drop base drop supply zone on the 15 to 5-minute charts and thought it was a good opportunity for a trade on the 5 min. after seeing that there were more sellers than buyers on the lower time frame. Now, I don't normally go for zones in the middle of a trend. I prefer swing zones. But it looks like a textbook zone that should be considered. So, a cushiony stop loss at a considerable distance can be placed in case the zone doesn't hold up. Also, there are two target opportunities in case the supply zone is strong. If price break below the first take profit (T1.) then stick around for the second. Also, it is still in a downtrend, an added confluence.
AUDUSD SELLI spotted this supply zone on the 15-minute with a focus on trading on the 5 min. If enters the 0.72241, I expect the price to come down for at least 20 pips.
