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Supply Zone

AUD/CAD ↘️ Sell Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ Overbought + Supply zone 🟠 EP 0.89430 🔴 SL 0.89605 🟢 TP1 0.89255⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 0.89075 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 0.88895 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by EMA_Trading
15
Navigating A Weaker Bull Trend For Strategic TradingIt appears EURUSD is currently within a Weaker Bull Trading setup. For trend traders, waiting for a counter-trend opportunity might be a potential strategy. Counter-Trend Traders, here are two considerations for your approach: As the market resides in the supply zone on the Daily Chart, waiting for a double top formation coupled with RSI Divergence could offer an entry point for your trade. Alternatively, keep an eye out for an ABCD Pattern as it unfolds, presenting another counter-trend trading setup. These strategies aim to navigate against the prevailing trend, so it's essential to apply rigorous risk management practices. Happy trading!
Short
by RaynLim
Russell 2000 (RTY, M2K) Low-Timeframe ShortQuick idea here as we look to get back in a groove with analysis/posts after a very light October. Not going to include a lot of elaboration, but we're looking to take advantage of a swing short (price depending) via a low timeframe (5-minute) RTY supply zone (defining candles not pictured here since sub-15-minute charts cannot be posted). If price approaches the zone hot (expanded range candle vs. grinding action), look to take the trade outright upon penetration of the lower bound (1795.4). If RTY stair-steps higher, forming new pockets of demand between current price and supply, consider taking a confirmation entry (price exit from zone). Stop should be placed a bit above the zone's upper bound. Keep in mind round # psych @ 1800. Targets are 2:1 and 5:1 (look for a fall back to origin of CPI breakout). Finally, US stocks have been very bullish as of late, so shorts fly in the face of current momentum. That said, RTY has consistently been the weakest of the 4 US equity indexes, so if you're going to short one, it's probably your best bet. Have to run, but good luck! Stay tuned b/c a LOT more ideas are coming soon! Jon @ LionHart Trading
CME_MINI:RTY1!Short
by JHartCharts
BTCUSDT. Waiting for actions from buyers and sellers.Highlights The previous scenario played out. Awaiting actions from buyers and sellers. Preference (buying/selling) - neutral. Description On the daily chart, buyers resumed from the discount zone (bottom 50%) of the last daily impulse and absorbed the seller's candle on increased volume, forming a buyer's zone (blue color, upper edge of the daily buyer zone 37337.57). This scenario was described here On the hourly chart, the price is at the upper boundary of the range, but considering the daily context, selling immediately is risky. It is necessary to assess the actions of the seller and the buyer. If the seller breaks the level of 37337.57 and defends it, you can look for sales with the first target at 36744 (upper edge of the daily buyer zone), the second target is 36000. Conservatively look for buys if the buyer breaks the upper boundary of the range (37972.24) and defends this breakout.
by AlexeyWolf
Other see this as Coal, I see this as DiamondA retest of previous resistance on the daily chart combined with a strong bullish candle movement (an engulfing candle) is an intriguing setup. The observation of RSI Divergence at these levels serves as a significant indicator for a potential reversal. Regarding the recent deviation from the PRZ zone of the crab pattern on AUDUSD, it seems it hasn't reached the HOP (Harmonic Optimal Price) level before reversing. This deviation could be a point of interest for observation on the H4 chart. Your decision to take an aggressive shorting opportunity due to the attractive profit factor is noted. However, as you rightly mentioned, managing risk is crucial in such trades. Wishing you success in your trade management and strategy execution!
Short
by RaynLim
BTCUSDT. Long positions are a priorityHighlights Long entry could be considered either from buyer protection at the lower limit of the range 35600, or from the current levels, if the seller does not appear and the buyer protects his zone (upper limit - 36470) with a target of 37526. Description On the Daily TF, there's a long trend. On the hourly chart, there's a sideways market. The lower boundary of the sideways range is below 50% of the last daily impulse. It's interesting to see the price there and look for purchases if the buyer defends the lower boundary of the range (35600), aiming for the upper boundary of the range (37526). Long positions can also be considered from current levels if the seller doesn't protect the candle at 21:00 (exchange time) and the buyer engulfs it.
Long
by AlexeyWolf
EURAUD AT SUPPLY..... WHAT'S NEXT?If we understand the concept of supply and demand, then making trading decisions won't be so hard for us. trading is simple plus and minus. all you need is to identify a good supply{resistance} and then plan a sell trade from it. and or identify a good demand{support} and plan a buy trade from there. Supply and Demand are no different from support and resistance, they are simply an area and not a line.... they are the zones that makes things happen. price moves impulsively to the opposite direction once it approaches these areas. so with that in mind, I am looking to short EURAUD. as price just retested a supply zone and rejected for a second time. creating a double top like structure. Meanwhile, price had just broken out from a recent uptrend here in this 4hr chart. closing below a recent low... now I expect a pullback to the 1.67800 price area for a nice entry and a tighter stop loss. it may or may not pullback that much, but it is only right that it does. GOODLUCK GUYS!!!
by BOURNEBEE-FX
DXY$ Shorts from 105.800 down towards 105.200As expected our last week scenario (A) played out perfectly like we anticipated which was seeing a bullish reaction from the 4hr demand. For this week's bias we are still temporarily bearish with the dollar as it's approaching a clean 14hr supply zone. As soon as it gets tapped in I will be waiting for my lower time frame confirmation i.e. a Wyckoff distribution schematic and a clean CHOCH to the downside. I would preferably wait for the asian high to get swept inside the zone before looking for a drop in the dollar index. I am bullish long term but, as price has broken structure a few times to the downside I would like to catch sells down towards the next demand at least. My confluences for DXY$ Shorts are as follows: - Price approaching a 14hr supply zone that has broken structure the downside. - Imbalances have fully been filled and momentum has slowed down (good sign for a reversal) - Huge trend line left way below that price would want to grab and theres also lots of liquidity below to target as take profit levels. - In order for price to keep pushing up it will need to enter a level of demand, so as of now we will be trying to catch sells down towards a demand. P.S. Only if my extreme 7hr supply zone gets violated, we will then know if price wants to continue in its bullish trend or not. But as of now I see price dropping more due to the perpetual BOS's. Also, as the dollar is a direct negative correlation to most of my pairs, the bias will suggest a bullish move to take place for EU, GU and gold If DXY$ decides to continue bearish.
CAPITALCOM:DXYShort
by Hassan_fx
1
US30/USD Shorts from 34600.0 down towards 33800.0My bias for US30 currently is for a bit more upside in order to mitigate the 22hr supply zone or the 19hr, both are apart of a key weekly supply level. From this we will expect a sweep of the asian high as well as a consolidation before entering to show that price is slowing down and buys have now become exhausted. We will then wait for a wyckoff distribution and a CHOCH on the lower time frame before we execute our sell positions. As price has been very impulsively bullish I am expecting a retracement for sure hence my bias. My confluences for US30 shorts are as follows: - Price approaching key weekly supply level that caused a CHOCH to the downside. - There's magnets below our POI that need to be taken in the form a liquidity sweep. - There a lot of imbalances below as well as deeper demand levels for price to mitigate. - Price has been moving very bullish with minimal pull backs so price needs to come down. - For price to continue in bullish trend it needs to react off a stronger level of demand. - 22hr supply has also swept liquidity, good sign that the zone will hold. P.S. I am overall bullish however, as we are approaching a key supply I can see a short term sells playing out in order to fill the imbalances below and mitigate a deeper level of demand. This makes sense because us as traders, we ideally want to buy from a discounted price. As of this week we do have CPI coming on Tuesday, I would personally wait after just to see how price reacts from this major news event then make my move. Trade safe and hope you guys have a good week ahead!
OANDA:US30USDShort
by Hassan_fx
2
BTCUSDT. Short and medium term analysisHi traders! You can consider buying if the buyer protects the hourly level of 35086.57, the daily levels of 33390.95 and 31804.2 (associated with exiting the sideways market) and the medium-term support level for the long-term trend at 24800. As for selling, there is currently no context. Take note of the 10D timeframe. After breaking out of the sideways market that lasted from January 2021 to May 2022 and initiating a short-term trend (with two waves), the price returned to the sideways range (with the lower boundary at 26700). If the buyer defends the last closed candle, then technically, the path is open to 40000, 48000, and 59000.
by AlexeyWolf
2
USDCAD LONG POSSIBILITIES Hi guys, In this analysis I will be covering USDCAD. LEVEL 1.3891 has been acting as a resistance and price has already tapped into it multiple times. Should price begin selling off from this level, The first demand level would be 1.3832 and the one after that would be 1.3804. One other scenario is that price breaks through the immediate resistance with a fake out and taps into supply zone which is 1.3925 then starts selling off. One thing we should consider is Federal fund rate which is going to be publish later today and it will heavily impact the market. so be extremely cautious while taking trades on any of these levels. Be honorable
by AliHassanzadeh