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Supply Zone

Tricky Times, I'm Counter-Trend Now!💲 Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead. 📈 On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move. 📉 If you're determined to short USDJPY, keep an eye on the 1-hourly chart (left) at 138.89, as long as the market stays within the sell zone. It's worth considering. 📈 On the other hand, if you're bullish, pay attention to the key level at 138.21 for a potential head and shoulders pattern, indicating a buying opportunity. ⚖️ If you're torn between shorting and buying, observe how the market behaves at 138.21. A violation confirms your short, while no violation means a tough decision awaits.
Short
by RaynLim
BTC ANALYSIS 15/7/23BYBIT:BTCUSDT.P Goodmorning people its currently 11:29am here in AUS on a fine Saturday and I've just been looking through all the charts and other things and couldn't help but notice that all Thursday's gains on BTC got eaten up. But for a trader like me we are on the way to our next support SO what to do now? what you need to do now is use your patience and focus on your self-control. Wait for the market to find this support and not just the first wait for a double or triple bttm even. this drop comes from the ripple news after a court hearing. I don't get into news at much, but I do like to know why the market dropped. Things to take out of today: *Patience for me comes in now more than ever. *Emotionally I feel tired after a night shift and a big day of trading and training! so I'll take today off to spend with my beautiful family. *Keep an eye on that 200EMA for a support (alerts) Thanks guys.
by RPMWealth-Capital
GOLD/XAUUSD BUY AND THEN SELL or BUY?🔰 Pair Name : XAU/USD 🔰 Time Frame : 1 HOUR 🔰 Scale Type : MID SCALE 🔰 Direction: BUY THEN SELL During the US 4th of July bank holiday, Gold experienced minimal price movement. On Monday, the price reached $1930.76, which corresponds to the Fibonacci level, and then spent the following two days retesting the 78.6% Fibonacci level within the range of $1922.64. If you are uncertain about trading within channels, it may be beneficial to analyze demand and supply zones, as well as Fibonacci tools. Currently, Gold exhibits a robust bullish momentum towards the Fibonacci level at $1938.99, precisely aligned with its recent one-hour key high. With the imminent release of the FOMC minutes later today, we expect the Gold price to continue rising towards the $1938.99 area, representing the Fibonacci extension level of 121.7%. However, there is a possibility of a false breakout occurring at the key high level, leading to the extraction of remaining liquidity that has accumulated over the past week and a half. Subsequently, we may witness a decline towards at least $1930.76, followed by $1926.43 at the Fibonacci levels of 100% and 88.6% respectively. Depending on market conditions, there is a chance that the price may either drop further to $1892 or rise to the Fibonacci extension level of 161.8% to address the significant market imbalance between the $1939 to $1950 range. The subsequent price action will heavily depend on the outcome of the FOMC meeting tonight and any significant news announcements expected tomorrow. We recommend staying updated with our team's insights and analysis.
TVC:GOLDLong
by Moon_SmartMoney
1
GOLD/ XAUUSD LONG/BUY🔰 Pair Name : XAU/USD 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SELL THEN BUY Undoubtedly, Gold remains subjected to significant selling pressure. Nonetheless, considering the technical aspects, it is crucial to emphasize that Gold is presently in the process of rebalancing the market through the accumulation of liquidity within the range of 1937-1940. As the price nears the 1921 level and subsequently retests the manipulation zone of 1909-1910, it indicates that Gold is likely prepared to capitalize on the liquidity available at the 1H Supply Zone, specifically around its hourly key high near 1937. This situation presents a favorable opportunity for a retracement, aiming to rectify the market imbalances that have developed over recent weeks. Based on our projections, the potential price target is expected to reside within the range of 1937-1940. Considering these observations, it is paramount to exercise caution and make well-informed trading decisions, while maintaining a vigilant approach to the dynamics of the market.
TVC:GOLDLong
by Moon_SmartMoney
CRWD - opportunity to buy this dipCRWD broke up both above its neckline @ 139 as well as it's 200 day moving averge on 18 May. Traded to a hgh of 162.25 before retracing all the way to retest it's neckine. It formed a mini pin bar right at the neckline, affirming that the neckline is now the "support" in the near term. This is a 2nd opportunity to long if we had missed the breakup, with an initial stop loss just slightly below the neckine of $139. Expect some resistences should it able to rise towards old supply zones around 167,181,195 and 205 etc). Take partial profits and also trail stops up along the way according to one's risk appetite and trading style (short or longer term). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NASDAQ:CRWDLong
by Juliac
My trading tactic and journal XAUUSDI place limit short selling order at the resistance level because i think at the end of this month the price of gold will close at the lower price in order to rebound next month (September) therefore, i am bearish on gold from today 10 Jul until at the end of this month. Example of grid trading I place limit sell order at 1930$ and STOPLOSS at 1960$ Target 1900$ risk 30$ reward 30$ I place buy limit oder at 1893 and STOPLOSS at 1860$ Target 1940$ my second order is at 1940$ / STOPLOSS at 1972$ Target 1900$ (0.618 fibonacci retracement resistance level) risk 32$ x 2 = 64$ reward 72$ x 2 = 144$ My third order is at 1952 / Stoploss at 1972$ Target 1900$ (0.782 fibonacci retracement resistance level) risk 20$ x 3 = 60$ reward 52$ x 3 = 156$
OANDA:XAUUSDShort
by kennkennntl
SWING TRADING: LONG USDCHF. TARGET 0.90385TRADE TYPE: INSTANT ENTRY LONG TRADE DIRECTION: LONG TIMEFRAME: 4H ENTRY PRICE: 0.89370 STOP LOSS: 0.88850 TAKE PROFIT: 0.90385 RISK TO REWARD: > 1:1 ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low Follow this thread for any future updates regarding this specific trade. CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Long
by FX618Analysis
BTC ANALYSIS 8/7/23BYBIT:BTCUSDT.P We are BACK with other simple analysis and yes, we are still in that consolidation phase for now and just waiting to signal what way BTC wants to go but either way we adapt to whatever it is get some nice trades in. As far as we know guys, we could be about to blast all the way up to the 35k mark at any time! I am still longing as I am long bias although my risk is less and my SL is much tighter at this point in time. The biggest advice I can give out of this post is - *Stay extremely patient and don't pull any impulsive triggers. *Keep your risk to a minimum. *Make sure the SL's are tighter than usual. *As I said in yesterday's post take this time for studying on your craft OR yourself. Thanks guys.
by RPMWealth-Capital