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Supply Zone

GBPUSD I Short from channel resistance Welcome back! Let me know your thoughts in the comments! **GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
28
DAY TRADING: SHORT EURUSD. TARGET 1.07940TRADE TYPE: INSTANT ENTRY SHORT TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 1.08500 STOP LOSS: 1.08900 TAKE PROFIT: 1.07940 RISK TO REWARD: > 1:1 ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high Follow this thread for any future updates regarding this specific trade. CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
Short
by FX618Analysis
DXY USD - MONTHLY ANALYSIS - CORRECTIONThe USD has been in an uptrend since March - 2008 and has been dominating the financial markets and the global economy with toxic pressure since last year. - Today, I would like to present an analysis that takes a closer look at the USD (DXY) from a monthly perspective. We are at several relevant resistance points: 1. FIBONACCI RETRACEMENT | 0.88 - is about to be tested. -> 0.88 FIB = 114.979 -> Marked as a "blue" line on the chart. + Next psychological number would be 115,000 as resistance. -> Psychological numbers are relevant decision points, because the human brain (subconsciously) prefers round numbers, at which more orders are placed. 2nd RESISTANCE TREND LINE | from 2008 -> 7 points of contact since the formation = very strong resistance. -> Drawn as "red" line in the chart. 3. SUPPLY ZONE | from 2002 (gray) -> Time expired, but still psychologically relevant for market participants. -> Drawn in as a "gray" box in the chart. 4. POINTS OF INTEREST -> Points, which are mostly a psychological number, at which some liquidity was traded in the past. = these points can be seen as both "support / resistance". -> Drawn as "turquoise" lines in the chart. These are now only a few indicators of those which are available to us all. However, even without indicators, it can be seen that the USD (DXY) is clearly overbought and a correction (from a chart-technical point of view) should be imminent. Regardless of our analysis, the macroeconomy currently determines the further course of events. Detailed price predictions are thus a matter of blind potshots, and that is the last thing we need in trading. "Correction scenarios" 1. We see a reaction of the trend line and the 0.88 Fibonacci and will correct a little. -> Possible correction target = 107 points 2. The DXY breaks the trend line and the 0.88 Fibonacci and is then finally stopped out by our "SUPPLY Zone + the Points of interests". -> Possible correction target = 109 points "Breakout scenarios 3. The DXY breaks through all marked resistances, makes a fakeout and enters the correction. -> Possible correction target = 111 points 4. The DXY breaks through all marked resistances, confirms its breakout and starts its journey to the 1.618 Fibonacci. -> Possible correction target = 152.129 points Alright, now we can only wait and see what the future will bring us. - Feel free to discuss it in the comments and share our perspectives. Thank you very much and happy trading!
TVC:DXY
by ZielIstDieAutarkie
MANA IS NO 2 FROM A LIST OF 13 CYCLE COINSWe did study the trend and made depending on the cycle calculate the total of the 13 cycle coins. We did a choice of coins that have a high possibility to increase in the coming time. To make a choice like this we did a study from TA until the transaction data of a coin to get the right image of the trend. Mana seems very interesting for the trend, and depending on our study is that Mana has a high chance of breakout out. The breakout point between $0,74 and $0,80, Mana makes a high chance of breakout with a trend above 1 USD. WE know that most of times cycle coins going into unexpected breakouts. Our target for Mana for the coming time is $1.70 Mana has shown interesting patterns, and same time also a whale follows DCA, which makes this coin very interesting for this cycle. In our service district , we did add the rest of the 12 coins see below the update. Share your idea about what you think about Mana. Let's see if this target of $1.70 can become real price action coming time. 🌠And at the same time if this coin can show the effect of a real cycle coin.🌠
Long
by Goldenbreakout
3
EURCAD possible sell setupEURCAD was trending bullish from quite a while we shorted it last month from the top and now market is back at the same strong resistance area with also a strong supply zone i am looking for a bearish rally down to the mentioned area look for confirmations on lower time frames and sell EURCAD with your own money management key to remember is both scenarios possible which after mentioned there it can drop straight or it can drop after a spike to upside always remember patience an discipline are the key to success
Short
by Hamaitifx
2
xauusd idea...hello guys... if gold break up that red level it determines the continuation of the upward movement and in my opinion, xauusd will form a three drives pattern and reach to 1.6 fibo level (almost $1882)... but if gold doesn't break red level be ready for hunt setup and get short position... every movement depend into this critical level... this analysis will be update after break or return! always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
OANDA:XAUUSD
by melikatrader94
34