I think this is a good area on the right timeframe | The next buy area is a little further down so maybe having a closer stop is better than a stop below the whole zone | The first target is my main target the second one i hope will reach but maybe it will stay around here for a while? Not too certain
A lower low was not yet made so even though I feel this is a good supply it may react at the first target and continue the bullish movement, just depends on where there are more orders I guess | Anyway reason for sell, good supply zone and a good demand zone (i think even though its a little messy) that is patiently waiting.
Pending order is placed a bit above where I think it'd turn incase of spread | I think this is the limit of the demand zone | SL can be below the last higher low on the daily timeframe, but I think if it doesn't turn there its not worth it
There seems to be a better zone above but it looks taken on the lower timeframe | So good RR and maybe fresh zone after what could be a false breakout (also on lower timeframe) | Possible QM entry a few pips above too!
Inverse pattern on the D1 timeframe I Not taking the full range, I think target is in a safe area where it has a possibility of reversing |
Actually bearish on the Euro for a while now | Kind of a break and retest | Finally reaches the level I have been waiting for on the monthly supply | Reaction off the level is not ideal yet, however there's another one few pips above and we can see from there to add or to not
Lets try this again, same analysis as the last one this is the next supply as the last one has been breached | One thing that I should be aware of is if price breaches this obvious supply would go to a better area in which the supply has been created! However high time frame supply, if I choose well its still profitable to take positions of lower timeframe supply...
Nice area, been looking at for a while | Update details soon!
Looking for that 20R! Or am I just hoping haha, maybe will settle for a 15R around .86 -.87 area |
Update soon! Looking at new zones.. | QM for buy on H1 and M5
USDCAD hit my buy limit, had some drawdown so I closed about BE | It reacted off of the next supply which is a good sign | target is not yet reached off of the first reaction, so I'd wait for another entry a bit lower | If that one fails, the next one looks beautiful too!
It should be a good area to sell as lower highs lower lows being made
I think good demand level | Maybe one last push up before a drop down? We'll see | I'm off to my holidays!
So there must be some sellers here right? It's the classic S becomes R. Question is if we'll be stopped out or not! | Above my stops, could be another sell area but i don't see it, one thing to note is the demand zone has been touched a couple times
This one hit my sell limit, even though it looks like it reacted nicely it did break a small demand level in which the order was placed | SL above the last high usually not recommended, in this case mine is because I think its more a reaction off of S/R
Sold on the somewhat fresh demand zone | On the smaller timeframe price made a lower low of which the target for that lower low as not reached | Pending order was placed but not reached, made decision to sell as it's only few pips away |
It missed my PO by a little bit but i did not bother entering manually, so a FO makes sense as well as long as it's in the demand zone
I am a little skeptical of this supply zone but it has kept price up once before | Buy for the QM pattern!