Good Day trader, Im currently trading this pair..Im shorting this to support zone..please leave your comment below.thanks
Practicing and testing how order blocks work. Order blocks are a different way of looking at support/resistance and supply/demand.
Quite possibly an orderblock forming right here, 4h shows major wick to grab stops, possible trade, might have an S/L lower than this.
This is more of a ranging/sideways trend. That plus that stronger dollar, I'm going with the demand zone on the nearest swing low. Don't be fooled by the downward momentum.
AUD/USD is finding nearby support at the channel at 0.6430 but remains capped by the 0.6570 high. To reinvigorate upside interest AUD/USD will need to regain the 0.6570 recent high, and this looks to currently be a tall order. We would allow for further slippage to the 55-day ma at 0.6303. Above 0.6570 we look for a test of the 0.6670/84 March high and 200-day...
CADCHF LONG. PRICE MADE A STRONG BULLISH PUSH AFTER A STRONG BEARISH MOVE. SELLERS ARE CONSUMED, THE LAST BATCH OF BULL ORDERS ARE GOING IN AT THE 'C' LEVEL OF SUPPORT(DEMAND)
Prepare your bullish soul if we get a hard drop from a correction tomorrow
OSK's demand zone can be seen clearly on the weekly chart. The fear in the markets this week saw it gapped down into the middle of the demand zone yesterday. It hit a low of 54.30 and started to rise (with a pin bar on the 15min). By the time I longed it was closed to the top of the zone. A small position as the SL is rather far away at 51.40 and looking to scale...
There are 2 demand zones in the H1 TF for the euro. Only 1 tipe of situation has to happen for this to become valid (see the arrows). If that doesn't happen..... forget it
Accumulate Till to 95,88 Is SL.
XauUsd has closed below 1600$, may be it will change to downtrend You can wait for going short at supply zone that have price action (bearish engulfing)
#BTCUSD has increased many days, and now hit the supply zone, it need to be the pull back Waiting for going long in long-term
#EURCAD is on the demand zone It has been breaking and testing the trendline Go long for long-term Target in supply zone that has the inside bar
#USDCAD has broke the trendline Waiting for shorting in the zone that has bearish engulfing (price action)
#EURGBP broke the trendline It need to have a pull back before going up in long-term Waiting for Buying
#GBPUSD has broke the support trend and hit the demand zone Waiting for pull back from demand zone and re-test the trendline => Sell limit Plan as the picture
#EURUSD is in demand zone on daily time_frame We can buy a bit and target RR = 1:3 Waiting for it