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Supply Zone

GBPCAD |Short D1 | Market Exec |Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frame. H4 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is well into a Supply Zone area - Targeting between the 50.0% - 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.7180 - 1.7270 SL @ 0.1.7348 TP 1 @ 1.7002 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.6811 Risk-to-Reward @ Approx. 2.93 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
Buy CADJPY Triangle BreakoutThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a triangle pattern. Possible Long Trade : Entry: Consider entering a long position (buying CAD/JPY) above the broken resistance trendline of the triangle after confirmation. Ideally, this would be around 114.40 or higher if the price continues to rise. Target Levels: 115.00: This represents the height of the triangle, measured from its apex (highest or lowest point) to the breakout point, projected upwards from the breakout point. 115.23: This is a further extension of the upside target, based on the height of the recent price movement before the breakout. Stop-Loss: Once the entry point is confirmed, place a stop-loss order below the broken resistance line of the triangle, ideally with some buffer around 114.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
1
AUDNZD | Short H4 | Market Exe | Trade-Related TradeTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H1 & H4 time-frame - Price action is close to a Supply Zone (Blue Area) & has Resistance Trendlines around - Aiming for the 38.2% Fibo retracement to TP Fundamental Confluences for Trade: - Nothing much can dictate the movement of this FX pair as they are heavily trade-related. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations. Suggested Trade: Entry @ Area of Interest 1.0970 - 1.1010 SL @ 1.1060 TP 1 @ 1.0920 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.0838 Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
GBPUSD - Wait for the Bears 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPUSD has been overall bullish, trading within the rising channel in blue. At present, GBPUSD is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong supply zone. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #GBPUSD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
EUR/USD Shorts to Longs ideaMy EU analysis this week focuses on shorting opportunities. I will look for sells either from the 6-hour supply zone near the current price or, ideally, from the 11-hour supply zone if the price breaches the Asian high and continues upward. If the price opens lower, I will look for buying opportunities at the 4-hour or 3-hour demand zones. Once the price reaches these demand zones, I plan to buy up toward the supply zone, as we are still in a short-term bullish trend indicated by the recent break of structure to the upside. Confluences for EU Sells are as follows: - 11hr supply zone has caused a break of structure to the downside and nearby 6hr supply. - The overall trend on the higher time frame is bearish and the dollar is also overall bullish. - Price has already mitigated 4hr supply might be a start of a bearish trend. - Bullish pressure is getting exhausted after the bullish rallies we saw last week. - Clean 11hr supply that has an imbalance that we could see a clean reaction from P.S. Since the price is between liquidity zones, I will approach these nearby areas with caution and may lower my risk until the price reaches more favourable extreme zones where trades will be more worthwhile. Have a great trading week!
Short
by Hassan_fx
1
GBP/USD Shorts from 1.27500 back downMy bias this week is to look for nearby sell opportunities as we approach a strong supply zone on the 21-hour chart. I will wait for a Wyckoff distribution to unfold, likely on Monday or Tuesday, to take sells back down to the next demand zone. Since the equal highs have been swept, I expect the price to slow down and provide a clear entry model for shorts. Despite the current bullish trend, I plan to take these sells down to the next demand zone, where I will look for long positions to continue the trend. Confluences for GU Sells are as follows: - 21hr supply zone has caused a break of structure to the downside and has an imbalance - The overall trend on the higher time frame is bearish and the dollar is also overall bullish. - Price has swept equal high liquidity enough to now break back down. - Bullish pressure is getting exhausted after the bullish rallies we saw last week. P.S. Since the price hasn't yet tapped into the supply zone, I'm also watching for an Asian high sweep, which will further confirm my sell bias. Additionally, we're approaching the psychological level of 1.27500, so it will be interesting to see how the price reacts. Have a great trading week!
Short
by Hassan_fx
AUDCAD | Short H4 | Market Exec | Similar to NZDCADTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe - Price action is at a Supply Zone and has another Consolidation Zone nearby it - Price action is at the top of a channel resistance - Targeting the 50% Fibo retracement Fundamental Confluences for Trade: - Same setup as the NZDCAD trade I just posted as well - AUD has a RBA event risk if this trade is taken Suggested Trade: Entry @ Area of Interest 0.9030 - 0.9060 SL @ 0.9093 TP 1 @ 0.8983 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8921 Risk-to-Reward @ Approx. 2.14 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
2
CADJPY - Wait For The Bears Hello TradingView Family / Fellow Traders, CADJPY is currently approaching a massive supply zone marked in red. 📉 For the bears to take over again and start the next bearish impulse movement, a break below the last major low in gray is needed. Meanwhile, CADJPY would be bullish short-term and can still trade higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
EUR/USD SHORT TO LONG idea (towards 1.08200)My analysis for EU aligns with that of GU in terms of directional bias. I expect price to turn bullish from either of my demand points of interest (POIs), aiming to eventually mitigate the major supply zone within two days. This anticipation stems from the expected substantial reaction at the supply zone. While pursuing the buys aligns with a pro-trend approach, I plan to switch strategies once price reaches the significant supply zone. Currently, the market remains bullish, prompting me to prioritize seeking buying opportunities near demand zones to drive price upward. The most intriguing opportunities for me lie within the demand zones on the 2-hourly, the 22-hourly below, and the two 4-hourly zones at the bottom. Confluences for EU buys are as follows: - Price has recently been in an uptrend, forming higher highs and higher lows. - 2-day supply zone that needs to get mitigated eventually. - Good demand zones left that price might pick up another bullish rally from. - Liquidity to the upside as well as substantial imbalances that need mitigation. - price has also recently broken structure to the upside once again to confirm the trend. P.S. If the price maintains its upward trajectory, I will wait for it to decelerate and consolidate within my designated area. Upon closer examination, I've identified several refined zones, such as the 4-hour supply zone. In such a scenario, I won't rush but will instead wait for a thorough and significant mitigation before taking action. Have a great trading week guys!
Long
by Hassan_fx
USDCAD | Short H4 | Market Exe | Loonie to Ride the GreenbackTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H1 & H4 time-frame - Price action is at a Supply Zone area - Price action may reverse towards the ascending support Trendline - Targeting the 38.2% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.3760 - 1.3800 SL @ 1.3854 TP 1 @ 1.3697 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.3611 Risk-to-Reward @ Approx. 2.12 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
6
EURNZD | Short H1 | Market Exe |Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action reversed away from Supply area - Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement Suggested Trade: Entry @ Area of Interest 1.8100 - 1.8110 SL @ 1.8156 TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.8009 Risk-to-Reward @ Approx. 2.03 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
EURGBP | MT Short H4 | Betting Against the EURPair: OANDA:EURGBP Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frames - Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone) - Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone. Fundamental Confluences for Trade: - Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the FX:AUDNZD . Any major movement will come from supply-demand areas, monetary policies or economic data gyrations. Suggested Trade: Entry @ Area of Interest 0.8590 - 0.8620 SL @ 0.8643 TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8522 Risk-to-Reward @ Approx. 2.22 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
GBPCAD | Short H4 | Market Exe | Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is at a Supply Zone area - Price action may reverse back below Resistance Trendline Suggested Trade: Entry @ Area of Interest 1.7140 - 1.7160 SL @ 1.7258 TP 1 @ 1.7012 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.6809 Risk-to-Reward @ Approx. 3.41 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated ! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
GBPUSD - Following The Trend 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPUSD has been overall bearish , trading within the falling channel in red. Currently, GBPUSD is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a supply zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and green supply zone. 📚 As per my trading style: As #GBPUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3