sdtrader

sdtrader

price in former area of bid. selling pressure seemingly absent, as the move down was slow and gradual. potential for bids to hit the first supply area and if demand permits, the higher sell zone. Enter two position with two different TPs

sdtrader

various demand zone have been holding up pretty well so far, with strong rallies seen. a chance to aim for a good R:R trade, with stops below the immediate swing low.

sdtrader

price right into a supply level following the immediate double top and a crash. High probability short, targeting the immediate resistance turn support zone?

sdtrader

support has been broken after the consolidation. possible supply area targeting the immediate support area, followed by the demand zone further down below.

sdtrader

having hit a near term low, prices consolidated and made a sufficiently strong rally into the immediate supply area. However, the supply looks weak, considering the time it took to "travel" down to the current low. A possible area to go long, targeting immediate supply, for a 2:1.

sdtrader

EURCAD dipped, stopping right at a former resistance turn support area. potential sell setup, with considerable consolidation in the red area. there may be a chance for a rebound trade back into the sell zone too.

sdtrader

AUDNZD seems to be breaking out of the immediate resistance, forming a nice consolidation range in the area. However, upside may be capped by the former demand turn supply area. a potential 1:1 at best for a quick scalp.

sdtrader

EURJPY respected two sell zones, and is currently trading back into a supply area. potential short, targeting flip support/resistance zone,

sdtrader

Price action on USDCAD seems to show some sign of weakness, with the gradual uptrend being disturbed by the suddenly selling. potential for price to fall further, down to the previous demand origin.

sdtrader

after a steep selloff and some consolidation, price continue to dip further, revealing further selling. initiate short to target lower flip zone.

sdtrader

price broke a recent support level, with some selling pressure identified. pending overhead supply for shorts, with target 2:1 at flip zone.

sdtrader

USDJPY continue to react to overhead supply, and the recent bear candle may reveal sellers presence. An attempt to trade this range by shorting at immediate supply.

sdtrader

price recently hit near term resistance, with pinbar signaling potential demand. taking a punt on near term re-test of resistance and further upside break.

sdtrader

supply area holding steady, being able to push back the bids. potential range trade on a less-than-ideal RR ratio, with further chances to stack if demand near term demand level breaks.

sdtrader

the sell off (circled) was one of the stronger sell bars compared to the past selling bars, a possible reflection of bigger bears in action. potential supply area to go short, with targets at current demand zone (green) or further down below at the resistance turn support line.

sdtrader

After an attempted break of the support, the false break and a subsequent pin bar demand area (green) may be a potential area for longs. Target overhead supply area for >2:1

sdtrader

price failed to make a firm break lower, rebounded and moved higher. Seeing the pinbar and a subsequent increase in price, potential demand area to go long, targeting the support/resistance flip zone.

sdtrader

USDJPY recently hit a near term supply/resistance area and turned lower, clearing a former area of congestion/consolidation (circled). prices are bounded between supply (red) & demand (green) area at the moment. given that the area of congestion have been cleared, my personal view is for further downside to the next support area.