An update of Supply and Demand analysis. There were signals to go short earlier, but there was a reversal to the upside that pushed prices around 2.016. If there is a pull back, we will retest support around 2.0030, from there we will be able to determine the next move. Until then, allow the market to play, there might be fake outs along the way, along with...
This is my analysis based on observation between Supply and Demand zones. Stochastics on the 1Hr Suggest a pullback prior to another big run. Current trend is still Bullish in nature. Happy Hunting.
We are now at a Demand Zone, only direction is to go long. Will find an exit when we find an area of Supply. Happy Hunting.
Another Short opportunity. Supply = High Probability Short Position, exit when Demand Zone is found. Happy Hunting.
Found a Demand area, only direction is up from here. Happy Hunting.
As of right now, the direction is to Short until we get to a Demand Zone. I notice a lot that we are always trying to predict at what price the turn around point is, but if we simply traded Supply to Demand, or Demand to Supply, you will find yourself profitable. Don't be too concerned about pivots and prices, the banks only know that, but if we understood where...
So far we have a very good area of Demand, but I'm expecting one more pull back. After that pullback, I'm expecting this to go long, but we'll have to wait and see what happens in the Demand Zone before going long. Happy Hunting.
As much as we have seen a downtrend on Day 1 of trading, we are back to a Major Demand Zone once again, an area where we have seen an uptrend back to 2.02. Stochastics in Oversold suggests a bounce in this area. Even though that would be the most obvious, we still have to very cautious of market conditions. Until we have a strong bounce from this area, be aware...
Earlier we were looking to go Short, but the pattern has changed and we have higher lows, meaning it is a continuation uptrend from last week. Stochastics suggest over sold condition, only direction is up from here. For now it is that way, but do pay close attention to a possible break out to the upside before thinking of going for a short. Happy Hunting.
Now there is a Double Top Reversal formation, Stochastics Overbought, Supply Zone = Highest Probability is Short, we will go Short. Allow the market to play out till we find a strong demand zone, then we will be able to determine new trend direction. Until then, stay short. Happy Hunting.
After watching key levels, we have a strong support around 1.9750, from that point we have higher lows. Demand to Long Stochastics in Oversold Condition Higher Lows The Chart is still Bullish in nature. Happy Hunting.
After that big run, we have a clear bounce in a Demand Zone. Expecting for another pull back close to Demand/Support and then long. Still waiting for the market to play out. Happy Hunting.
This has been a very bullish time, but it is that time to Short while it is over extended. Looking towards last area of resistance close to 2.03 if possible. Once we find a Demand Zone, then we'll be able to properly play the next move. Other than that, letting the market to play itself out and follow the $$$. Happy Hunting.
Hear we go again, just another level of range between new Supply and Demand Zones, boring, but easier to play. Highly recommend adjusting a good oscillator in these markets, you'll find better entry points for now till we markets start trending again. Happy Hunting.
After keeping watch of this choppy uptrend, eventually the upside had lost it's momentum, bigger charts are showing signs to go short at the moment. We have direction, but where is the price for Demand going to be ? Waiting to see how this plays off. Happy Hunting.
This Market has been sideways bouncing between Supply and Demand without any True Breakouts, as least not yet, but for the time being, lets enjoy this range and be on the right side of the trade before a breakout happens. Happy Hunting.
Another Demand Zone hits again, seems like that area of resistance is being targeted, but we wont really know till it gets to it's target. In the mean time, we have a sense of direction, the question is, what happens when we get to resistance levels again ? Happy Hunting.
Was expecting a breakout in this zone, but I see more signs to the downside for the moment. Supply Zone = High Probability is to Short. Happy Hunting.