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Zones

NOT buying USDCADThe USDCAD price has moved into the Daily sell zone, which suggests the possibility of new sell positions entering the market, potentially driving the price down. In the case that the zone is broken, there is a high likelihood of further price increases (which, in my opinion, is less likely). For those looking to short, I would recommend looking for a simple breakout pattern on lower timeframes and participating accordingly. BUT make sure to wait until after the NFT news and observe what market will do with price. Good luck, and stay cautious, don't forget it's Friday!
Short
by forex_member
A+ Trade Set ups All From Respecting Simple Levels! We identify high-quality trade opportunities by focusing on key support and resistance levels. By respecting these fundamental price points, traders can enhance their decision-making process. Support levels act as a floor where buying interest tends to emerge, while resistance levels serve as a ceiling where selling pressure usually mounts. Recognizing and adhering to these simple levels helps traders pinpoint entry and exit points more effectively, increasing the probability of successful trades and improving overall trading performance. AMEX:SPY
Editors' picks
AMEX:SPYEducation
by ThePrintingRoom
4
Gold ideaAs we have seen gold has made a rally downards and meet us with great profits as we have entered on a confirmation on 2519 price on bearish side and got a profit on 2500 level of price the price can hover around this level of support and can eventually go higher to its price level of 2530 and higher than that if price breaks above 2530 and sustains price can go over 2550 of physiological Resistance level so we are watching price closely and keenly so that we can make profits
OANDA:XAUUSDLong
by Wakeel_Saab
HelenP. I Euro will rebound from trend line and rise to $1.0700Hi folks today I'm prepared for you Euro analytics. A few moments ago price reached the resistance zone, breaking resistance 2, but soon it turned around and in a short time declined to resistance 1, making a fake breakout. Soon, EUR turned around and made a strong impulse up to the trend line, breaking resistance 2 one more time and even soon broke the trend line too. But later price started to decline and broke resistance 2 again, after which the Euro made a little movement up and then continued to decline. Later price turned around and made an impulse up from the trend line to resistance 2 again, but when it reached this level, the EUR at once turned around and made an impulse down to resistance 1, which coincided with one more resistance zone. Soon, the price broke this level and fell to the trend line, where the Euro some time traded near. But a not long time ago price rebounded and started to move up, for my mind, the Euro will make a correction movement to the trend line again and then rebound up to the 1.0700 resistance level, which is my target also. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
Euro can rebound down from resistance line and continue fallHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago started to rise inside the upward channel, where firstly it declined to the 1.0780 resistance level, which coincided with the seller zone. Soon, the price broke this level and declined to support line of the channel, after which EUR at once rebounded and made an upward impulse to the resistance line of the channel, breaking the 1.0780 level one more time. Next, the price some time traded near, but later Euro turned around and started to decline inside the downward channel, leaving the past channel. In the downward channel, EUR fell to the support level, which coincided with the buyer zone, breaking the 1.0780 resistance level also. After this, the price bounced from the 1.0620 level and tried to rise, but declined to the buyer zone, which a not long time rebounded up to the resistance line of the channel, making a fake breakout. At the moment, I think that the Euro can rebound down from the resistance line, break the support level, and continue to decline in a downward channel. For this reason, I set my target at the 1.0500 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
Identify & understand key supply and demand areas $SPYUnderstanding supply and demand is essential. Here’s a quick intro to how we can benefit as traders by using AMEX:SPY as an example. 1. Identifying Potential Entry and Exit Points: Supply zones represent areas where selling pressure exceeds buying pressure, potentially causing price to reverse. Demand zones, on the other hand, indicate areas where buying pressure exceeds selling pressure, potentially leading to price bouncing. Traders can use these zones to identify optimal entry and exit points for their trades. 2. Risk Management: By incorporating supply and demand zones into our analysis, traders can effectively manage risk. Placing stop-loss orders just beyond key supply and demand zones can help protect capital by minimizing losses if price moves against our positions. 3. Confirmation of Trading Signals: Supply and demand zones can act as confirmation for other trading signals, such as candlestick patterns or technical indicators. When these signals align with key supply or demand zones, it increases the probability of a successful trade. 4. Understanding Market Sentiment: Monitoring supply and demand zones can provide insights into market sentiment. For example, a strong demand zone being consistently respected may indicate bullish sentiment, while repeated failures to break above a supply zone may signal bearish sentiment. Understanding institutional & hedge funds impact 1. Liquidity Impact: Institutional buyers and “whales” often execute large orders that can significantly impact liquidity in the market. Their trades can absorb available liquidity, causing rapid price movements in the direction of their trades. 2. Price Manipulation: Institutional buyers and whales have the financial resources to manipulate prices in their favor. They may strategically place large orders to create artificial supply or demand zones, inducing retail traders to buy or sell, only to reverse the market direction once their positions are filled. 3. Market Direction Influence: Institutional traders and whales often have access to extensive research, data analysis, and insider information. Their trading activities can signal market trends and influence the direction of price movements, prompting retail traders to follow suit. 4. Impact on Support and Resistance Levels: The trading activities of institutional buyers and whales can lead to the formation of significant support and resistance levels. These levels often coincide with key supply and demand zones, making them important areas for traders to monitor. Understanding the behavior of institutional buyers and whales is essential because it provides insights into market dynamics and helps anticipate potential price movements. In conclusion, mastering the concepts of supply and demand zones can significantly enhance your trading prowess, especially when applied to instruments like $SPY. These zones serve as crucial indicators of market sentiment, providing valuable insights into potential price reversals and continuations. By incorporating supply and demand analysis into your trading strategy, you can identify optimal entry and exit points, manage risk effectively, and increase the probability of successful trades. Furthermore, understanding the influence of institutional buyers and whales adds another layer of depth to your trading analysis. Their substantial trading activities often shape market dynamics, influencing price movements and the formation of key support and resistance levels. By closely monitoring their actions alongside supply and demand zones, traders can gain a clearer understanding of market trends and make more informed decisions. Remember, trading is both an art and a science, requiring continuous learning and adaptation. Happy trading!
AMEX:SPY
by LegitElijaah
ZILLOW, WILLOW WHEREOW THE PRICE GO? imma be honest, I'm running out of creative titles, so you get what you get. Trends labeled Price targets labeled. really neat setup on zillow here. These buy zones are marked at some major support, we have a short term trend leading to a top, and may have already hit. We have a long term support trend going in the bearish price direction. All of the above can help determine potential price movements. With RSI being overextended, the market as a whole, there is potential for quick downside right past support trend, into the zones of major price support, which will then create even stronger support, which will allow the price to keep climbing back up. I'm hesitant to predict anything before seeing where it heads into earnings (13th labeled) BUT.. IDK, something like this maybe? Essentially, I don't know how it will look, or how steep it goes, but it's good to be prepared for some potential scenarios. This chart can cover quite a few of them if you're patient and wait for the right trade. Overall, I would suggest being careful, and should the price go up before going down, it might be a better option to look for a short entry and ride the price down than jumping into a long position, especially with how this chart looks.
NASDAQ:Z
by nicktussing77
Bitcoin can reach resistance level and then rebound downHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago rebounded from the support line and made a strong upward impulse to the support level, which coincided with the buyer zone. After this, BTC in a short time broke the 60800 level, made a retest, and continued to move up to the resistance level, which coincided with the seller zone. Price even entered to seller zone, but soon turned around and declined lower the 71250 level, making a fake breakout. Also then price started to trades in the range, where firstly it broke support line and fell to the support level. Then Bitcoin rebounded from the 60800 support level and made impulse up to the seller zone, but when it reached this area, the price at once exited, making a fake breakout of the resistance level. Next, the price some time traded near the resistance level and then declined below, but a not long time ago BTC turned around and started to grow, so now it trades near the 71250 level. Now, I think that Bitcoin can reach a resistance level and then rebound down. For this case, I set my 1st Take Profit at the 65000 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
HelenP. I Euro will fall to trend line and then start to move upHi folks today I'm prepared for you Euro analytics. Some time ago price fell to the support zone, which coincided with the 1.0730 support level, and at once turned around and made a strong impulse up to the resistance level. After this, the price made a small correction movement and later continued to move up, and soon EUR reached a resistance level, which coincided with the resistance zone again. Price broke this level, made a retest, and rose to the trend line, after which it turned around and started to decline. In a short time price fell below the 1.0870 level, breaking it, and continued to move down near the trend line. Soon, the Euro fell to a support level, after which the price at once rebounded and made impulse up higher than the trend line, thereby breaking it. Recently price reached a resistance level also, but soon turned around and started to decline, so, I expect that the Euro will decline to the trend line and then rebound up. That's why I set my target at 1.0835 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
5
Support And Resistance Lines Are Not Real: Prove Me WrongIn this video, I draw random lines on the chart to prove a point. I think we need to ask ourselves the following questions to become better traders: How will I define support and resistance consistently ? How will I use support and resistance in my trading? Do I need support and resistance in my trading? Is support and resistance a reliable measure for markets? Are the lines that I have been drawing for so long actually meaningful?
NYSE:CVSEducation
by JoeRodTrades
2
YNDX Who knew?The distribution in the range 87.11-74.93 marked the beginning of the movement! Refueling in the control zone 55.45-47.70 confirmed the continuation of movement. + in this zone, I set new levels on the distribution, in the range of 53.81-44.02. Subsequent control zones Global 35.83-26.92 and local 29.46-24.10 were breached with a squish! Sales stopped in the Global Area of Interest 18.42-11.16 Local area of interest 16.46-11.24 The purchase level of 14.59 is the result The price of the total volume is 32.08 Results: 1) The initial distribution of the asset 87.11-74.93 shows us the end point 15.77! 2) Refueling in control zones 55.45-47.70 corrects the end point 14.59! 3) The black Swan does not play a special role on the end point! He can only speed up or slow down the course of events! I personally associate this process with a car! HOW MUCH FUEL YOU FILL IN THE TANK, THAT'S HOW MUCH IT WILL LAST !!! MATH AND NO MAGIC !!!
Y
by InHoldOut
Ethereum can make small correction, and then continue to growHello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price a few time ago rose to the mirror line and then bounced and started to decline near this line. Firstly declined to the seller zone, which coincided with the 2480 resistance level, and in a short time broke this level, after which even rose higher than the mirror line, but later fell back to this line. Next, ETH tried to break this line again, but failed and fell lower than the 2240 support level to the buyer zone. Ethereum some time traded in this zone, after which it broke the mirror line with the support level and later started to grow inside the upward channel. In this channel, the price little rose, after which made a correction to the support level and then rebounded up to the resistance line of the channel. But a not long time ago ETH turned around and in a short time fell to the 2240 support level, where continues to trades near now. In my mind, Ethereum can fall to the support level, after which turns around and starts to move up in an upward channel. For this case, I set my target at the 2355 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2