Zonetrading
Possible SPY Long opportunity from smart money Please read the chart text. Furthermore we are in a box that has proved there are lots of bulls at this area hence the previous rally at this zone. Could this be the Santa rally everyone is talking about to save spy? We can hope for smart money to re-enter longs here to boost spy back up towards the top of this range otherwise, I fear spy may drop slowly into 360's or lower. There is also a chance that spy just trends sideways and ranges more into the new year. What do you guys think is brewing?
US30 LONGS?Expecting bullish pressure on us30 to at least 50% of the sell move to either take it further to the down side or continue a bullish trend. so for now we counter trade with reasonable stops and see where these takes us!
trust your analysis and use good risk management! this is my idea on us30
USDJPY may jump up and down for a whileThere are two bullish scenarios for The dollar yen breaking the trend line and going up and reversing to the zone and going up!
But there is absolutely a bearish potential move for the pair too! Strong supply zone is around the the top up there.
I'll put both sell and buy orders around the zones.
USDCADTypically there is a good chance that price may fluctuate between the two red lines. The high of the level and POC of the level are both strong enough.
for shorter term-trader a buy option with a good RtoR ratio is available. bit for those who don't trade ranges best suggestion is waiting for the breaks of one of the two lines.
BTC again loaded 30 percent potential long setupBitcoin is currently struggling at the ascending channel's midpoint and will be in the R/S zone, which is an important key level for bitcoin against the US dollar at 22700 to 22300.
According to the chart, another leg will be pulled to 29000 to 30000 USDT.
Short EURUSD at 1.05864There is a "narrow" candle just before a downward "STRONG" move!
Since it took only "1 hour" for the price to pass through this prices, there might be still some inactivated orders there!
Also some economical reasons has moved the market from the zone that might still be authentic.
The price has perfectly gone far away from the zone.
the Higher time frame is " Strongly BEARISH"
There are strong buyers at 1.04! So watch the market carefully!
EURUSDStrickly based off of technical analysis here.
Price did hit and touch the daily support zone for a double bottom.
Price came back up to the trend line resistance area.
I would look for a reaction off the trendline and confirm a move downward.
1 Hour chart showing resistance to that area.
15 Minute chart showing that selling pressure. If price can fully break that 50ema and trendline, that should be confirmation to go short to the 1.04900 area.
ETHUSDT Wants to retest the monthly support on 1800
The market lost the support on 2460$ and retested as new resistance before a new bearish impulse until the monthly support on 1800$
The price is creating a pennant on the 4h timeframe, and the market created the demand zone on 1800$
How to approach it?
IF the price is going to grave new liquidity from the demand zone, we can add in our watchlist in order to apply our rules for a new long position
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
RTM Structure Confluence on GBPAUD (Confluence Strategy)I found this trade using the Confluence Zone
- There is the Resistant before the price went down
- Supply Zone that Breaks the structure to the Downside (Mini QM level)
- Using a Fibonacci tool to find the POI (Measuring the range of the price)
Enter the trade using RSI Divergence
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Waiting for The market reaction (Follows the plan)
USD/ZAR PossibilitiesThe Rand ran it up the past few days, A few doji's before and during the rally are signs of it getting weaker. So Price can either nearly touch descending trend zone, or bounce down & continue. All in all I'll be watching diligently for some solid confirmation in candle play around these zones. What are your thoughts?