EURCAD I Approaching resistance zone Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
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Supply Zone
EURAUD I What to consider before shorting key resistanceWelcome back! Let me know your thoughts in the comments!
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GBPNZD I STRONG set up coming this week! Here's How to trade it.Welcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
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Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.
When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin
🔴Resistance Line 30451$
🔴Resistance Line 30191$
🔴Resistance Line 29148$
🟢Support Line 28136$
🟢Support Line 27846$
The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.
Thank you for reading my poor analysi
Bitcoin - Do The Bulls Stand A Chance?What's up traders! In today's breakdown, we're taking a look at some possible scenarios for Bitcoin in the coming days / weeks.
Let's dive right in...
Ticker: BTCUSD
Date: 04/21/23
Timeframe: 1H
Supply: 28525-28800 (1st red zone), 30280-30600 (2nd red zone)
Demand: 27560-27830 (green zone)
Commentary:
It seems like we finally got the break of the bullish momentum in the crypto market. For any upside continuation, this could be a much needed pullback for a healthier move back into 30k+ for bitcoin.
Until we break strong demand at 25000, we can count on bitcoin resuming its recovery so any significant bearish bias should be avoided. That being said, we need to be cautious of supply zones above if we are bullish.
The good thing is that this pullback has identified key supply zones for us that we need to be cautious of, making our long plays easier. We are currently approaching / already validating demand at ~27560-27830. There are a few plays we could target from here.
✅ Bullish Scenario 1: you want to see price hold this ~27560-27830 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around ~28525-28800. This will be the safer upside play.
✅ Bullish Scenario 2: you want to see price hold this ~27560-27830 demand, find strength, have volume build up to break the supply zone around ~28525-28800, and then retest the ~28525-28800 zone to possibly move into the highs from earlier this week and ~30280 supply.
🟥 Bearish Scenario 1: you want to see price approach supply from a couple weeks ago around ~28525-28800, sellers starting to accumulate and possibly catch a break and retest of this supply zone into demand at ~27560-27830 again. This will be the safer downside play.
🟥 Bearish Scenario 2: you want to see price break this ~27560-27830 demand, retest, find weakness again and possibly move into late March lows around ~27000.
USDJPY Short or Long?After an initial bearish setup and a short trade closed at 2.5 RR, the market is now showing signs of resistance around 137.70. At this point, I have identified a potential demand zone, which is an area where the price could bounce before continuing its downward trend. However, this zone could also act as a strong resistance before we see the price go even lower. That's why, in case of a short trade, I have set a target price of 132.20.
Let me know what you think in the comments.
Have a nice trading day!
ETH - Who Wins This Battle? 🗡️What's up traders! In today's breakdown, we're taking a look at our favorite #2 crypto in Ethereum.
Let's dive right in...
Ticker: ETHUSD
Date: 04/19/23
Timeframe: 1H
Supply: 2044-2068 (1st red zone), 2116-2148 (2nd red zone)
Demand: 1924-1946 (1st green zone), 1826-1860 (2nd green zone)
Commentary:
Ethereum has created a big gap between these demand and supply levels. With Ethereum now pulled back down, this creates an opportunity for a healthier move upwards if we are to continue this rally.
We have just held demand at ~1920 earlier this morning and are attempting to hold it again. This level is a previous double top from a couple weeks and a week ago so it is an important level to look out for. We should not be shorting Ethereum until this level is broken to the downside.
With that being said, volume is currently accumulating on the downside so a break and retest of this level for further downside could well be a good play.
✅ Bullish Scenario 1: you want to see price hold this ~1920 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around 2050. This will be the safer upside play.
✅ Bullish Scenario 2: you want to see price hold this ~1920 demand, find strength, have volume build up to break the supply zone around ~2050, and then retest the ~2050 zone to possibly move into last week's high around ~2130.
🟥 Bearish Scenario 1: you want to see price break this ~1920 demand, retest, find weakness again and possibly move into last week's lows around ~1860.
🟥 Bearish Scenario 2: you want to see price find weakness again at ~2050 supply zone after holding this ~1920 demand for a move back into the ~1920 demand zone.
Possible 30R Gold Long - Swing trade - Smart Money Concepts/ICT1. Price has come back to mitigate the 4H +FVG (Fair Value Gap) created on the 4th April, sweeping a PDL (Previous Day's Low) in the process to clean out the stop losses of anyone in early longs from this past week. This is an early entry signal and I have started to scale in with a scalp. (This higher risk trading, and not financial advice!)
2. Price has also retraced to a W +OB (Order Block)
3. We have SMT divergence with Silver, which has not swept the same low; another bullish signal in SMC (Smart Money Concepts) - although it would be better to have the SMT divergence with the previous structure than the current one as this is still unconfirmed (Silver can still make a lower low!)
ENTRY: ***IF*** price displaces/moves impulsively away now on the 15m timeframe, it can come back to fill the 15m +BPR (Balanced Price Range) left after the sweep of the 4th April lows. a 15m ChoCh (Change of Character) A.K.A. MSS (Market Structure Shift) would be ideal, but the last 15m swing high to be broken is a bit far away so the BPR fill is the alternative. This also lines up with the 4H +FVG which has a 4H +OB/Demand Zone below it.
I have placed my stop loss below the Pennant's rPOC (Range Point Of Control) for a peace of mind instead of the wick of the stop hunt.
I will post a zoomed in chart below.
Pharma pick - 1 (2023)After a needed correction in almost all pharma stocks now seems ready for a good upmove from here..
Keeping aside the company buisness and finance but the technical analysis (chart) seems to be buy from here as :
Will add only 2/5 total investment and will further add on depending on stock performance
Script: Wockpharma
Cmp 172
TGT 300+
Time period: 12-15 months
Stop loss below 135
Later on sl can be trailed further
Note : This is my personal view and not any recommendation to buy or sell the stock mentioned here it's just for educational purpose.
USO Up or Down OIL ECOMONY in fluxAs certain countries want to exchange oil for money with anything but USD such as Chinese Yen
or even a cryptocurrency to be launched by US neutrals or adversaries cooperating, USO on
this chart rose dramatically over the past month and is now sitting at resistance as shown by
the LuxAlgo Supply and Demand Zone indicator. The RSI shows possible bearish divergence
perhaps heralding a reversal of the uptrend. I see this as a good place to take a short sell
entry and most buyers have taken their profits. Fundamentally there are enough competing
geopolitical and macroeconomic factors to deprive USO of the energy to push through resistance.
See also the link below from US federal forecasters.
I see this as a short trade at a limit price below the resistance zone and stop loss above it.
Profit targets can be the VWAP, the midline between the supply and demand zones as a 50%
Fibonacci retracement of the uptrend and finally one standard deviation below the anchored VWAP
making for a safe three-tiered take-profit procedure to optimize profit and diminish risk also
adjusting the stop loss at intervals using ATR as a guide. 40% at each of the first two targets
and the remainder at the last. Put options 20-30 DTE at the a strike above the resistance zone
for a good delta are another consideration.
EURGBP - New Selling Opportunity!
Hello Traders !
On The Daily Time Frame The EURGBP Price Reached a Resistance Level ✔
The EURGBP Price Was Trading in a Bullish Structure but The Price Came Under Renewed Selling Pressure 📉
He Failed to Create New Higher High 📈
Currently, The Support Line is Broken🔥
So, I Expect a Bearish Move📉
----------------
TARGET 1: 0.87920🎯
TARGET 2: 0.87540🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.
When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin
🔴Resistance Line 30487$
🟢Support Line 30191$
🟢Support Line 29346$
The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.
Thank you for reading my poor analysi
Swiss-Franc Retesting the Supply Area from 1979
1. On September 2022, Price bounced back off the Supply Zone from 1979.This event was a significant reaction to this are because this Supply was Original & Fresh,
2.meaning Original Supply zone was formed out of nowhere or wasn't based on previous Supply or Support/resistance technical aspects. And Fresh Implies This price area has never been tested and its of importance because it took 43 years fro Swiss Franc to reach this price area.
3. Price headed to test this Supply area of 1520.000-159.000 again,
1.Based on Weekly Chart , Price might pierced up to the 151-150 price area.
2. sellers were already shown there interest to sell the market from the 150 price area.
3. Its reasonable to wait and find convictions to sell in Daily Chart.
Note: It may take 2-4 weeks or even 2-3 months to initiate the Bear Rally.
CROUSDT - Short Scalp- Price creates buy-side liquidity (BSL) on the 1H TF
- Price rejects sharply downward after clearing buy-side liquidity, breaking multiple lows on the 5m
- Price re-enters the bearish imbalance on the 5m fair value gap and this is where we go short :)
- TP set to 1H sell-side liquidity with a tight stop loss just above the 5min FVG
USDCAD possible change in trendUSDCAD
Over the past month, the USDCAD has been in a steady downtrend. On Friday, we observed the swing moves and identified an internal high that could be used as a selling opportunity to continue the downward trend. However, due to recent market changes, we are now considering a potential shift in momentum towards an upward trend. This is because the market has shown a clear sweep of the low and a strong impulse to the upside, surpassing the nearest swing high moves. This suggests the possibility of a trend reversal. Therefore, we plan to sell into our extreme demand area and wait for a confirmation entry to further validate our assumption of a bullish shift in price.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Inducement on GU What Gbpusd is currently doing,based on my understanding and years of experience,is inducing people to think it all set to go lower ,what is inducement? Inducement means getting people on the wrong or right side of the market way to early,that the simplest explanation I can give you folks that how I explain to my trading community... anyways back to business I would literally love to see it push back up to clear the buyside liquidity before actually dropping down ....stay safe guys ...trade safely
#Iamace #Acethetrader
Shorting on AUDUSD once it retraces back to the IFCOn AU I would love to see the market retrace back to the inefficiency which is at the premium zone ,from there I would love to go short .. anyways it Monday market and I don't trade on Mondays,I'll just let the market do it shenanigans..and if it doesn't retarces back to where I find ideal ,so be it more opportunities will come ,don't chase wrong moves ...always spot the liquidity before you become the liquidity......#Iamace #Acethetrader #Acetrading academy
EURUSD Forecast Navigating Supply and DemandIn our previous EUR/USD technical outlook, we discussed the possibility of the 1.0851 supply level turning into a demand level. On 10th April 2023, the price rejected this level, setting the stage for a push higher.
Chart Analysis: EUR/USD Resistance and Support
The daily EUR/USD chart shows the price reacting off the resistance zone around the 1.10422 level, with a support zone at 1.09098. If this support is invalidated, we can expect the price to test the next support at 1.07088. The 4-hour chart reveals a bearish divergence, and the 1-hour chart indicates a potential pull-back with the MACD below its zero line.
Economic News Impacting EUR/USD
The Euro will be affected by the ZEW economic sentiment and higher Euro Area inflation in the coming week. These factors, alongside hawkish ECB rhetoric, may impact the EUR/USD pair in the short term. The currency pair recently hit a yearly high of 1.1075, but a consolidation period may be needed before further upward movement.
Stay updated on the latest EUR/USD news and analysis by checking out real-time rates, interactive charts, and expert insights.
Upcoming Economic News
Keep an eye on the economic news scheduled for the week, including:
Mon, Apr 17: USD Empire State Manufacturing Index & EUR ECB President Lagarde Speaks
Tue, Apr 18: EUR German ZEW Economic Sentiment
Thu, Apr 20: USD Unemployment Claims, USD Philly Fed Manufacturing Index, USD FOMC Member Waller Speaks, and USD Existing Home Sales
Fri, Apr 21: EUR French Flash Manufacturing PMI, EUR French Flash Services PMI, EUR German Flash Manufacturing PMI, EUR German Flash Services PMI, EUR Flash Manufacturing PMI, EUR Flash Services PMI, USD Flash Manufacturing PMI, and USD Flash Services PMI
By monitoring technical analysis and upcoming news, traders can make more informed trading decisions in the EUR/USD market.
USD JPY - Back on the move upG'day,
Master Key for zones
Black = Yearly
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Three, Four Day
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video.
Daily Chart
Weekly chart
Monthly Chart
Let me know your thoughts and analysis. Each opinion is valid where research is conducted.
Do you enjoy the setups?
Professional analyst with 6+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
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To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIII
Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.
When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin
ⓡ Resistance Line 30221$
ⓢ Support Line 28580$
ⓢ Support Line 28216$
ⓢ Support Line 27867$
The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.
Thank you for reading my poor analysi