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Supply Zone

EURUSD roadmap for next week (must see it)hi im msnp thank you for reading this article please support us with follow and boosting this idea ok lets see some charts 1D chart: you can see that we were in a up trend and now we break the trend line are we making an ABC pullback in retest of TOP? or we can break the top? notice that whole chart showing a big trading range zone 4H chart : in 4h chart we can see a very good bull trend but look at end of trend bears was so strong that can break EMA so this is a warning for traders that may bull trend is about to end ok so bears are strong at least as bulls 1H chart : we can see a break below the trend line and now we are making LH and LL we can shape a bear channel you can see a good reaction at top of channel, for next week we can expect 2 or 3 scenarios: 1. a double top at current price and go for LL 2. testing the top and then a double top 3. bulls can break above H and above the TR that means a new bull trend.
by imMsnP
Supply/Demand Analytics on 2024 Oil: IEA-EIA Demand ProjectionDear Esteemed Members, There are several fundamental factors that could support the oil price reaching $76.09 per barrel, which is the highest level since November 2014. As the global economy rebounds from the pandemic, the demand for oil is expected to increase, especially in the second half of 2024. The International Energy Agency (IEA) projects that global oil demand will grow by 5.4 million barrels per day (bpd) in 2024, reaching 99.6 million bpd by the end of the year. The OPEC+ group of oil producers, led by Saudi Arabia and Russia, has been maintaining a cautious approach to increasing output, in order to balance the market and avoid oversupply. The group agreed in April to gradually raise production by 2.1 million bpd between May and July, but this is still below the pre-pandemic levels of output. Moreover, Saudi Arabia has voluntarily cut an extra 1 million bpd from its production since February, which it plans to phase out by July. The US shale industry, which was hit hard by the price collapse in 2020, has been showing signs of discipline and prudence, focusing on improving cash flow and shareholder returns rather than expanding production. The US oil rig count, a proxy for drilling activity, has increased by about 100 rigs since the start of the year, but it is still more than 300 rigs lower than a year ago. The EIA estimates that US crude oil production will average 11.2 million bpd in 2024, which is 0.3 million bpd lower than in 2020. The oil market is always susceptible to geopolitical tensions and conflicts that could disrupt supply or create uncertainty. Some of the current hotspots include Iran, Libya, Nigeria, and Venezuela. Iran, which has been under US sanctions that limit its oil exports, is engaged in indirect talks with the US to revive the 2015 nuclear deal, which could lead to a lifting of sanctions and a return of Iranian oil to the market. However, the outcome of the negotiations is uncertain and could face opposition from hardliners in both countries. Libya, which has been plagued by civil war and instability, has seen its oil production fluctuate due to frequent attacks and blockades on its oil facilities. The country is currently producing around 1.2 million bpd, but it faces challenges in maintaining and increasing its output amid political and security risks. Nigeria, Africa’s largest oil producer, is facing social unrest and militant attacks that could affect its oil infrastructure and exports. The country is also struggling to implement a long-awaited reform of its oil sector, which could improve its governance and attract investment. Venezuela, which has the world’s largest proven oil reserves, has seen its oil industry collapse due to mismanagement, corruption, and US sanctions. The country’s oil production has fallen from over 3 million bpd in the late 1990s to less than 0.5 million bpd in 2020. Kind Regards, Ely
TVC:USOILLong
by Elysian_Mind
Star Health: Trendline Breakout Signals Bullish ReversalStar Health is showing promising signs for long-term holding. The chart shows a clear downward sloping trendline that has been respected for a considerable period. Recently, the price has broken above this trendline, indicating potential trend reversal from bearish to bullish. The immediate swing high at ₹675 is a crucial level to watch. This level may act as resistance in the short term. If the price manages to break above this swing high, it could open the door for a move towards the supply zone. However, if the price faces rejection at this level, a pullback could occur. The chart suggests a potential scenario where the price could retrace after testing the swing high at ₹675. This retracement could provide a good opportunity for accumulation if the price finds support at lower levels, such as the ₹560-580 zone. There is a significant increase in volume during the breakout, which adds strength to the bullish case. Key support levels to watch include the ₹560-580 zone, where the price previously found support after the breakout There is a marked supply zone between approximately ₹770 and ₹820. where sellers have previously stepped in, leading to price declines. If the price approaches this zone again, it may face significant resistance. Consider entering a position if the price holds above ₹675 or on a pullback to the ₹560-580 zone. Accumulating during pullbacks with proper risk management could be a prudent strategy. Be cautious of potential reversals or rejections at the ₹675 swing high or within the supply zone. This is not a Buy Recommendation, just an idea. Please give a boost and comment if you like my analysis and feel free to share with others. Disclaimer: I am not a Sebi Registered Analyst, and the views expressed are of my own and for educational purpose only, Make sure you consult your financial advisor before investing, as I wont be Responsible for any losses incurred.
NSE:STARHEALTHLong
by Kaushik_Karnale
GC GOLD Buy BOXBeen a while since posting my thoughts here, I have been working on something that is GOLD. Supply and Demand can often be overlooked. Trading can often be over complicated. Back up and study the basics. Supply and demand characteristics of the market are the most rudimentary but often the best way to creaete a system that brings forth consistent gains. How many traders are actually profitable. Find a system that works for you it could start with a simple supply and demand type strategy. Here we have price reacted perfectly off of the supply zone, (Yes I took that short position from the top and have the screen shot to prove it just ask if you want to see it). Now will we enter a demand zone and reverse. My plan is to simply wait, I took my profits and now I just wait until my alerts are hit and my criteria is met to go the other direction. What will you do? Leave it in the comments I am happy to be back posting and look forward to more!
COMEX:GC1!Long
by Verum0
Breakout or breakdown? I'm SHORT here is whyHi fellow traders, In this idea I have drawn daily supply and demand zones, although the zones of interest exist out of large ranges I think the combination of approaching both a long- and short-term supply zone and a forming rising wedge we are looking at a rejection from the 1h supply zone level. I will wait on the lower timeframe to confirm the rejection, ideally have a bounce of the bottom of the rising wedge acting as resistance. What do you think? Are we going to breakdown or breakout? Happy trading ^^
Short
by Crypto21Official
Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2506 2505.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
FOREXCOM:XAUUSDLong
by sabellaFX
EURUSD 19/8/24Starting off our week as always with EUR/USD, we have a very simple markup for you this week. We liquidated our four-hour high, which was created after the break of the previous structural high. This has now established a clear liquidity trajectory to the upside. We have an area of demand that sits around the 50% level of the last created range. This will be the first area where we will begin anticipating bullish price action. We’re currently waiting for the four-hour candle to close so we can form our new four-hour high. The main principle here is that we expect price action to continue moving bullishly, but we are aware of the potential for higher time frame weekly price action to start leading the market with a bearish push. However, for now, we're only seeing upside momentum, so we will follow that. Please note that we have liquidity points marked within our swing structure. If we begin to fail at areas of demand, these could become potential targets. Price action is pretty clean right now, so let's just follow it and continue to track what price is showing us within our entry time frame. Have an amazing week, and I hope you all trade safe.
by PipSurfingSociety
$EURUSD | Sell Trade H4 | Execution | Technical Confluences: - Stochastics just reversed off Overbought conditions in H4 - Price bounced off 123% Fibo Extension levels which coincides with a Supply Zone from before and also the top of a small Parallel Channel - Looking at it move towards at least the lower end of the Parallel Channel Fundamental Confluences: - With so much of rate cut hype priced into the markets, it seems that market will start to consolidate and start profit taking. - There are a few speakers who came out to say they don't seem to be in a rush to cut like what the market expect. ----- Taking my 1st position for this FX:EURUSD sellb trade. Targeted trade entry and stops can be seen in the highlighted zone. Blue for Profit Target and Orange for Stop Loss Target. Risk/Reward ratio of 2.1. DYOR. -----
Short
by weekendanalyst
$GBPUSD | Sell Trade H4 | Execute & Sell Limits |Technical Confluences: - Price action is between a 50 - 61% Fibo retracement range - Horizontal trendline coincides with the 61% Fibo retracement levels - Price is also at a Supply Zone range - Stochastics on the H4 is in Overbought conditions Fundamental Confluences: - Market is reeling with the optimism of incoming FED cuts but FED seems to feel differently based on the few FED speaker's speeches - The riots in the UK will definitely have some economic drag on the GDP ________________________________ Will be executing my 1st sell entry into FX:GBPUSD and set Sell Limit orders as show in the charts. Targeting to TP approximately half the position at the 38% Fibo Extension levels (in blue) and move my SL levels to B/E. Full TP are the 61%/78% Fibo Extension levels. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ 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. DYOR.
Long
by weekendanalyst
2
GBPAUD | Short D1 | Market Exec |Technical Confluences for Trade: - Stochastics are close to Overbought Conditions on D1 and Overbought in both H1 and H4 time-frames - Price action is close to a Supply Zone - Price action is close to multiple Resistance Trendlines Suggested Trade: Entry @ Area of Interest 1.9270 - 1.9380 SL @ 1.9503 TP 1 @ 1.9017 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.8745 Risk-to-Reward @ Approx. 2.87 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ 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.
Short
by weekendanalyst
8.3.2024 Oil Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading. We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it.. Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
NYMEX:MCL1!
by MoneyDuck_Butch
8.3.2024 Platinum Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading. We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it.. Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
NYMEX:PL1!
by MoneyDuck_Butch
1
Gold Breakout Imminent? Uncover the Explosive Potential of GOLD!Current Trend Bull Flag Formation: The chart indicates a bull flag pattern, a bullish continuation pattern that usually occurs after a strong uptrend (flagpole). The consolidation within the flag is typically a pause before the next upward move. Trendlines: The yellow trendlines outlining the flag suggest that the price is currently testing the upper boundary of this consolidation range. Fibonacci Retracement Levels 78.60%: This level is around 2431.637 (coincides with a 4HR LQZ), acting as a strong resistance zone. 61.80%: Around 2410.880, which the current price has just crossed, potentially indicating bullish momentum. 50.00%: Around 2393.940, served as a support level during the consolidation. 38.20%: Around 2372.760, another support level during the consolidation. Liquidity Zones (LQZ) 4HR LQZ at 2431.637: A significant resistance zone that aligns with the 78.60% Fibonacci retracement level. This is a critical area to watch for potential price reaction. 4HR LQZ at 2349.449: A key support zone which held during the recent consolidation phase. Price Action Current Price: At 2410.880, the price is approaching the critical resistance at the 4HR LQZ (2431.637). Breakout Potential: If the price can break and hold above the 2431.637 level, it may confirm the continuation of the bullish trend, targeting higher liquidity zones. Support Levels: The price needs to stay above the 61.80% Fibonacci retracement level (2410.880) to maintain bullish momentum. A drop below could lead to further consolidation or a bearish reversal. Daily Bull Flag Upper Trendline: The price nearing the upper trendline of the daily bull flag indicates potential breakout if breached. Lower Trendline: Support if the price pulls back. Trading Strategy Long Entry: Upon a confirmed breakout above the 4HR LQZ at 2431.637, with a potential target of the next daily liquidity zone at 2475.281. Use the 50.00% retracement level (2393.940) as a support for placing stop-loss to protect against downside risk. Short Entry: If the price fails to break above the 4HR LQZ and shows bearish reversal signs, a short trade could be considered with a target back to the lower 4HR LQZ at 2349.449. Use the current price level (2410.880) as a resistance for stop-loss placement. Risk Management: Utilize appropriate position sizing and risk management to account for volatility and potential price fluctuations. Summary Bullish Outlook: If the price breaks above the 2431.637 level, indicating a continuation of the bull flag pattern, with targets at 2475.281 and beyond. Bearish Outlook: If the price fails to break above 2431.637 and shows a reversal, potential downside targets include 2393.940 and 2349.449. Monitoring the price action around these critical levels will be crucial in determining the next significant move for XAUUSD.
OANDA:XAUUSDShort
by Adlercon333
What is Support and Resistance in Trading. Key Levels Basics In the today's article, we will discuss the absolute basics of technical analysis: support and resistance levels. I will explain to you why support and resistance are important , how to identify them properly, and we will discuss what is the difference between support and resistance level and support or resistance zone. Let's start with a definition of a support . A support is a historically significant price level that lies below the current prices of an asset. While a resistance is a historically significant price level that is above the current prices. From a key resistance, a bearish movement will be anticipated in futures, while from a key support, a bullish reaction will be expected. Take a look at EURAUD pair, we can see a perfect example of a key resistance level. 2 times in a row, the market dropped from that in the past, confirming its significance. By a historical significance , I mean that the price reacted strongly to such price level in the past and a strong bullish, bearish movement initiated from that. Above is the example of a key horizontal support on EURCHF. The underlined key level was respected by the market multiple times in the past. From time to time, the market breaks key levels. After a breakout , a support turns into resistance and a resistance turns into support. Above is the example of a breakout of a key support on GBPNZD, after its violation it turned into resistance from where a bearish movement followed. Always remember, that in order to confirm a breakout of a key support, we strictly need a candle close below that. By the way, the structure here is also the zone, but we will discuss it later on. Above is the example of a breakout of a key resistance, that turned into support after a violation. Very often, newbie traders ask me, how many times the price should react to a key level to make it valid. I do believe that 1 time is more than enough, however, make sure that the reaction to that is strong . Above are key support and resistance on GBPCAD. Even though both structures were respected just one time in the past, the reaction to them was strong enough to confirm that the underlined levels are the key levels. However, historical significance of a key support or resistance is not enough to make it valid. What matters is the most recent reaction of the price to that. Key supports and resistance lose their significance with time, and your job as a technical analyst, is to stay flexible and adapt to changing market conditions, regularly updating your analysis. Above is a key resistance level on AUDJPY from where the market dropped heavily 2 times in a row. However, with time, the underlined resistance lost its significance. Such a structure is not a key level anymore. Remember a simple rule: if a key structure is not respected by the sellers, and by the buyers after its breakout. Or vice versa: if a key structure is not respected by the buyers, and then by the sellers after its breakout. Such a structure is not a key level , and you should not rely on that in the future. In our example, the resistance was broken - it was neglected by the sellers. After the breakout, it should have turned into support, but the buyers also neglected that and the structure lost its strength. Now, a couple of words about time frames, you can identify key support and resistances on any time frame, but the rule is that higher is the time frame, more significant are the supports and resistances there. In my analysis, I primarily rely on support and resistance on a daily time frame. Always remember that the financial markets are not perfect and the prices will quite rarely respect the exact support or resistance levels. Quite often, the markets may fluctuate around key levels so it is highly recommendable to rely not on single key levels but on zones. I recommend taking into consideration not only the exact level from where a strong reaction followed, but also a candle close level of such a candle. The support zone above is based on a wick and a candle close of a candle. Also, quite often there will be the situations when multiple key levels will lie close to each other. In such a case, it is better to unite all this structures in one single zone. Above we see multiple key resistances. We will unite all these resistances into one single zone. The upper boundary of a resistance zone will be the highest wick and its lower boundary will be the highest candle close. Above we have 2 key supports lying close to each other. We will unite these supports into one single zone. The lower boundary of a support zone will be the lowest wick and the upper boundary will be the lowest candle close. Here is how a complete structure analysis should look. Following the rules that we discussed, you should identify at least 2 closest key resistances and 2 closest key supports. These structures will be applied as the entries for various trading strategies. ❤️Please, support my work with like, thank you!❤️
Education
by VasilyTrader
23
XAUUSD - 1H a modest rise before more fallOANDA:XAUUSD I anticipate a modest rise in gold prices from the current support levels, which should serve as a pullback before a further decline. The technical analysis indicates strong support at the bottom of the trading range and the current support level, suggesting a temporary upward movement. In the political arena, recent news that President Joe Biden has dropped out of the presidential race has significant implications. Vice President Kamala Harris has been introduced as his successor, altering the dynamics of the upcoming election. This shift has also led to a decrease in former President Donald Trump’s chances of reclaiming the White House. These political developments add a layer of uncertainty that typically benefits gold, a traditional safe haven asset.
OANDA:XAUUSDLong
by Sober_Trading
USDJPY Opportunities for Both Bears and BullsHere’s an exciting update on USDJPY, which has something for both short-sellers and those looking to buy. Let’s dive in! Current Overview: - 4-Hourly Chart: - There’s a sell zone, but the overall movement of USDJPY is on a bullish ride. :chart_with_upwards_trend: Shorting Opportunity: - Key Level: 157.69 - What to Do: If you’re looking to short, watch for a Magic Candle Confirmation within the sell zone (red box). The ideal entry would be at 157.69. Buying Opportunity: - Key Pattern: Potential Head and Shoulders Formation - Key Level: 157.69 - What to Do: Like me, if you’re waiting to buy, this is the level to watch. Wait for a Magic Candle Confirmation at 157.69 to enter a long position, betting on a Potential Head and Shoulders Formation. Final Thoughts: Whether you’re looking to short or buy, the key is patience and waiting for confirmation. Trading is all about making informed decisions and managing risk effectively. What’s your plan for USDJPY? Are you in the short camp or the long camp? Share your thoughts and strategies below! Happy trading, everyone!
Long
by RaynLim