Magnate7

Magnate7

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...

Magnate7

By the rule of Supply and Demand, Down trend was strongly started in Daily TImeFrame. Monthly Piercing Pattern at the Supply area and break of the trendline last month indicates that the price will fall all the way to Monthly Demand area of 0.91-0.94. # Weekly feshly formed CP supply took out the previous weekly demand Level # Daily original and fresh newly...

Magnate7

In Monthly Chart, Price has already printed the Strong Bearish Engulfing Candle on Jan 2019 after reacting to the 2017 May's Supply.Feds Dovish Tone and Impulsive move of Gold and Price of USD?CAD reacting to the Origin of supply just don't seem to be the co incidence. As you can see ,Price in Daily , weekly and monthly timeframe ,are perfectly reacting to their...

Magnate7

eventually ,Price has taken out the strong daily and weekly supply area (8100-8499) by the daily Continuation demand pattern (CP) 7882- 7436 which u can spot on my chart.as this level took out the Daily strong supply level,Supply and Demand Rules allows to put buy trade from this CP demand area. most importantly price has certainly consolidated as it neared the...

Magnate7

Price in Monthly Chart had tested the Monthly Demand area printing the long-tailed Hammer which aligns with the trendline from 2016 and 2018 Demand zone. This alone give the strong conviction for Bull run Like wise , Weekly chart perfectly re-aligns being tested the Demand zones which printed the Doji Last week.I expect the weekly112-114 area to be easily...

Magnate7

Price has finally tested the strong untested Weekly and Daily Supply Zone. Percfect setup for counter trade with very small lot.Engulfing bearish candle at the Daily Supply zone indicates the significant imbalance. however, theres still a trendline holding the price supported by the Daily CP demand but it failed to take out the Supply zones .Hence it is more...

Magnate7

Price has finally tested the strong untested Weekly and Daily Supply Zone. Percfect setup for counter trade with very small lot.Engulfing bearish candle at the Daily Supply zone indicates the significant imbalance. however, theres still a trendline holding the price supported by the Daily CP demand but it failed to take out the Supply zones .Hence it is more...