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.
Supply Zone
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.
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
ADAUSDT Short Scalp - 30min- Price begins by forming a bullish imbalance
- Price creates buy-side liquidity (BSL) and then proceeds to clear this liquidity upwards
- Price then clears the lows of BSL, creating a change of character (CHoCH)
- Price proceeds downwards, then mitigates the 30m FVG
- After mitigating the small FVG, price wicks down, creating equal lows ($$$)
- Price then drives back up after claiming internal liquidity (L)
- We expect price to retrace back to supply and this is where we look for shorts as all of our confluences align
- SL is set to a few points above the supply zone with TP set to the bottom of the upwards retracement
NVDA High Volume Spike at Local ATHHigh Volume at NVDA at local high, to me indicating exit liquidity after q1 was over march 31st. NASDAQ:NVDA is breaking down, past its former trend support line. Sitting at a key Supply zone. Bearish Divergence on the MACD. MACD crossing 0, heading down on 3 hour. MACD emas are crossing on the 1 Day at a local high. This stock is trading at a P/E of over 100 in a bear market on speculation of AI bullishness. While this is not unfounded, they have had lower earnings for the last few quarters. I think a lot of funds were buying this stock before the quarter was over, and are now dumping it at such a high P/E in a bear market. I anticipate a drop down to 250, the 220; but probably not lower unless the AI narrative changes to public regulation necessity.
On a sugar high, owing to weak supplySugar prices have soared this year, up +21.6%1 owing to concerns about tight global supplies. Lower Indian supply coupled with weaker than expected output from Thailand, (at the second and third largest sugar exporters respectively) continue to provide a tailwind for sugar prices. While Brazil’s harvest in the coming months is expected to be strong, logistical hurdles owing to higher exports of soybean and corn could restrict supplies over the coming months thereby supporting sugar prices higher.
Net speculative positioning on sugar is 139% above the 5-year average2. Over the past month, short positioning has declined 16% highlighting the improvement of sentiment on the sugar market.
Weaker sugar supply from India
India is one of the largest exporters of white sugar, but shipments are controlled by quotas. The Indian Sugar Mills Association (ISMA) latest report indicate that Indian sugar production fell marginally to 28.2mt so far this season through 15 March3. ISMA cut its sugar production estimate for 2022/23 crop year to 33.5mn tons from 34.5mn tons on account of lower output and more use of sugarcane for biofuel.
Sugarcane processing in Maharashtra, the most important growing state, could end 45-60 days earlier than last year because heavy rainfall has reduced the availability of sugarcane. Sugar production in Maharashtra is likely to total a mere 12.8mn tons according to the chief of State’s sugar commission, nearly 1mn tons less than previously anticipated. Lower sugar output is raising concerns that the India government could restrict additional exports.
More use of sugar diverted to India’s Biofuel program
At the same time, Indian Prime Minister Narendra Modi is pursuing an aggressive biofuel program that will see more sugar cane diverted to make ethanol to help curb air pollution and reduce oil import bill. The biofuel program also lies in the interest of farmers by making use of excess local production and boosting their incomes. This season, the government plans to divert 5mn tons of sugar to make ethanol, up from 3.6mn tons a year earlier4. The eventual goal is to divert 6mn tons annually toward fuel production by 2025.
Lower sugar production in Thailand remains price supportive for sugar
Thailand’s Office of the Cane and Sugar board confirmed that Thailand crushed 93.88mt of sugarcane in 2022/23, lower than the initial estimates for more than 100mt of cane5. As a result, the bumper crop expected in Thailand is also falling short, resulting in 2022/23 total sugar output in Thailand will be at around 11mn tons (versus the 12mn tons expected earlier in the season)5.
Lower than expected output from Thailand combined with less supply from India remains price supportive for sugar. The front end of the sugar futures curve remains in backwardation yielding a positive roll yield of 2.9% reflecting tightness in the market for short term balances.
Logistical bottlenecks could restrict supply from Brazil
Looking ahead, progress of the sugar crop in the Centre- South region of Brazil remains a key headwind for sugar prices. Brazil sugar production is expected to be over 36.5mn tons in 2023/24, only slightly less than the all-time high of 38.4mn tons seen in the 2020/21 marketing year6. However, shipping Brazilian sugar could face delays in the Port of Santos as it competes with exports of other Brazilian grains such as corn and soybean. Road freight is also likely to face significant price increases. Santos terminals receive sugar and grains by trains and trucks. However, competition from transporting soybeans has been taking space away from sugar in train cars. Higher freight prices impact the margins of the mills.
Likelihood of El Niño, if realised, remains price supportive for sugar
With La Niña over, there is now a chance the Pacific Ocean surface could warm later this year and spark what is called El Niño. The US Climate Prediction Centre has raised the likelihood of an El Niño emerging between August and October to 74% from 61% a month ago. One common knock-on effect is higher precipitation volumes which would be positive for sugar prices over the medium term with fewer milling days and sugar production. El Niño could bring relief to drought parched areas of Argentina and southern US, but it could also lead to hotter and drier conditions in parts of Asia and Australia.
Conclusion
Restricted supply from India alongside lower supply from Thailand have helped sugar along its upward journey so far. Looking ahead, with the Argentinian soybean crop forecasts struggling in the face of the ongoing drought, we expect Brazil to do a lot of the heavy lifting by offsetting the shortfall in supply of both soybean and corn. This is why, logistical hurdles are likely to impede the supply of Brazilian sugar thereby supporting sugar prices higher over the medium term.
Would love to see the sell side liquidity taken out I would love to see the sell side liquidity taken out prior to the relatively equal lows where liquidity is resting below and it happens to be just below the discount zones... yesterday I and my community went long on GBPUSD/AUDUSD and eurusd ...if you have been following my shared ideas here I did say I would love to see the buyside liquidity on Gbpusd taken out ..well go look at your chart ..anyways stay safe guys ...
#Iamace #Acethetrader #AcetradeingAcademy
EUR/USD Short-term & Longterm IdeasWhats up TV community. just want to share with you guys my view on EURUSD. From yearly Topdown to Daily.
We touched the Yearly Demand level & the 3Month Chart has a strong bullish candle which engulfed the previous bearish candle. (some bull signals) on Monthly timeframe we eliminated the last Supply CP and we created nice demand level with imbalance, which indicates more bulls kicking in. Now we jump to Daily timeframe and use our fresh demand levels to jump into the rally .
Never forget one major thing. Follow your trading plan. i am just sharing ideas. If something big happens with fundamentals technicals can change never forget that.
Enjoy your trading.
BTC - Critical Period / Area ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on Daily: Left Chart
BTC is currently bullish trading inside the red rising broadening wedge pattern. However, it is approaching a strong rejection zone.
Here is why the 30k - 32k is a strong rejection:
1- Round number => 30,000
2- Classic Support Zone Turned Resistance from Weekly timeframe
3- Supply zone marked on the chart
4- Intersecting with the upper red trendline acting as a non-horizontal resistance
📉 For the bulls to take over from a long-term perspective, we need a weekly break above 32,000
📌 on H1: Right Chart
For now, as long as we are inside the 30k - 32k zone, the bears can take over for a correction.
For the bears to take control, we need a break below the last minor low in gray.
📉 In this case, a movement till one of our two demand zones would be expected (highlighted on the chart)
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Long on GU Did you guys see how gu successfully delivered to the point I showed you guys on Sunday midnight...I pin point the level 1.24564 for the market to reach , though we had a fake move downwards to induce sellers to think it was ready to sell..lot of people stop loss were taken out prior to the sells and what happened? It started buying and reached for the buyside liquidity.....study the chart folks ..this is the same analysis I dropped on my community tab but most of them were inpatient to wait and the entered sells..all I can say is that ,it didn't end well for them ......stay safe ,till next time
Li Auto is the price going to continue to drop?Li Auto has been red for the last few days but if you look at the price action its been trying to hold its own and hasn't really dumped. Somethings changing or happening right now and I believe its a balance shift. In this video I use this perfect oppurtunity to show how the ESVO can show you where Absorption has been hit, when momentum has shifted, and where price targets are for potential push down to absorb the remainder of the float or to repeat the N pattern(pain pattern that creates the catalyst for an upwards movement off the bottom.)
Of course, if you find any of this intriguing pls like, follow, and most of all boost so others can find my videos. Thank you!
by iCant84it
04.05.23
📊Market Structure Breakdowns Pt.1Not every pattern or indicator is a confirmation that you should enter a trade. Understanding the market structure is key and in these series we will explain how to read a Bullish and Bearish market structure formation with multiple indicators/strategies and what you should look for before entering a trade. The markets are either trending up or down until they experience a reversal in the opposite direction. Do not fight the trend, trade alongside with it's direction until a confirmation of reversal. It is not about being right, it is about trading on the correct side of the trend.
📈Bullish Market Structure
A bullish market structure is characterized by a series of higher highs and higher lows, indicating that buyers are in control and there is a strong demand in the market with a strong upward momentum. Connecting the swing lows and swing highs will be a clear indicator of bulls pushing the price higher on each level and flipping the previous resistance into a support zone. A good way to trade a chart pattern such as a falling wedge, is to wait for the price to reach around the zone of support. That will indicate the end of the pattern and will give the best possible entry. To have confirmation of this, make sure that you are looking at the volume. When the end of the the falling wedge approachses the previous resistance turned-into-support, you should see volume coming inside the market to push the price higher. One key thing you must understand is that when resistance lines are crossed, they become new support and the cycle repeats until the trend break.
📉Bearish Market Structure
A bearish market structure in the other hand, has a series of lower higher and lower lows, indicating that the sellers are in control and there is a strong downward momentum in the market. In this case, we will be looking for short opportunities. The same confirmation of a short is the selling pressure that can be characterized by negative delta volume. To confirm a trend line as true, it should have at least 3 touches where the price rejected from back into a support zone. The market structure is not symmetrical, with perfect patterns that completely respect each and every line you draw. Most patterns and indicators look asymmetrical and have a skewness and you should adapt to it. The big players are waiting for you to place your stop loss right above your trend line or pattern then push the price right above it so you close your position and they get their orders filled to push the prices lower. Stop hunting is one of the most important things you need to understand, until the market makes a Higher High of an important level, the market has not changed structure and it's still trending downwards.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
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 28952$
ⓡ Resistance Line 28549$
ⓡ Resistance Line 28300$
ⓢ Support Line 27881$
ⓢ Support Line 27617$
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
Revolutionary Insights into the EURUSD Bull MarketThe EURUSD currency pair has maintained a bullish trend on the daily chart despite multiple rejections at various supply zones. The price action is still above the 50-SMA and 200-SMA, indicating a bullish trend. However, the pair shows bearish reversal signals on the daily timeframe with a down candle close below the 2nd supply zone, and it's uncertain whether the price will pull back to the anticipated demand zone.
The 4-hour chart shows signs of weakness, with the RSI displaying divergence, while the 1-hour chart indicates a gradual fading of bullish pressure. The 50-SMA on both charts may act as support for the bullish trend. Two targets have been set at 1.03989 and 1.01158, respectively, with the first demand zone at 1.06824.
High-impact news for the US Dollar is expected to affect the currency pair. The key takeaway is to keep an eye on the 50-SMA and 200-SMA as indicators of the bullish trend and be prepared for potential changes in the trend if the price breaks support levels.
Going long on GBPUSD Last week was a hectic week ,the market was not moving the way I anticipated it to move probably because of the NON farm payroll we had last week and I took some loses on Wednesday.. again I do not trade any news be it fomc or cpi or NFP ...I don't trade I stay off...but that not what I'm here to share with you guys today ....if I'm to take GBPUSD on Monday,of which I don't trade on Mondays , more over There is a public holiday on Monday,so the market would be stagnant,by Tuesday the market should rebounce back..but anyways since GU has traded down to our demand zone on the hourly,I'm expecting a push up to the level 1.24564 , point to be taken,we still have a strong demand zone at the level 1.23109 ..but I don't believe price would run downwards immediately like that so I still stick to my initial level for price 1.24564 to reach before doing whatever it wants ... anyways stay safe guys and make sure you enjoy your easter holiday and to the Muslim brothers Ramadan Kareem
#IamACE #ACETHETRADER #ACE TRADING ACADEMY
Not interested in buying Cardano coinHighly bearish confluences of strong signals on 1D chart of ADAUSDT. The price action reached supply. Double top formation. Overbought. Heading downward. Potential Head & Shoulders scenario development till the final of April. Grey area is a not-trade-zone.
Technicals:
* ABCD reciprocal .886:1.128;
* Fisher Transform bearish cross / bearish divergence;
* Chaikin Money Flow bearish divergence; 100MA x 100EMA cross;