Most people are support and resistance traders, but they fail to understand why their setups fail. Because institutions know where the majority of people are trading, and will attack these areas when appropriate.
Are you a support and resistance trader, or supply and demand? And which do you prefer?
GBPJPY had an inside day on last Friday, and we've got several convictions to consider taking this long!
2 bullish harmonic patterns, AB=CD, and a previous gap up demand zone combinations,
all of which make me interesting in taking the breakout long!
Willing to find trades to long if it breaks the inside day to the upside, if not, this trade will be...
Good morning traders. Price continues to range sideways and, as it does, I am seeing and ever-growing list of "It's going to make a new low now," "The bear market isn't over yet," and "The bull market will begin, but not yet" arguments. Most retail traders are still in disbelief at the price advance for the past 5 months. Price must absolutely go way back down...
For the long terms, XAUUSD is in bearish momentum, However, below us, there are two great and fresh demand levels with a great potential for buy position, each one of them looks really strong Level, if the price reaches the demand below I’ll buy there, the stop loss order will be just below this demand and if the price will breakout the demand and hit the stop...
USOIL just had a very harsh pull back from its peak,
and it got some support off the 60.00 fig and bounce almost 300 pips to break the pivot.
Here we got this XYAB and demand zone combination long
Let's see how it goes!
GBPUSD keeps on its current downtrend but there will be plenty of reasons to long @ 1.2900.
Here we got several bullish harmonic patterns and AB=CD, and also a gap support down there;
It actually could be good enough to just put a buy limit there, but I still want to wait for a reversal sign there yo.
Let's see how it goes!
Short term TRX showing hidden bull div on the Stochastic
Meanwhile hidden bear div currently playing out (see second example)
Outlined significant support zones in the second example, would be ideal to buy here
We are currently in a demand zone check update for 1D timeframe
Good morning traders. We had a great weekly close and, so far, have seen the previous supply zone flip to demand and support price as I mentioned was most likely to happen. Price has continued to consolidate between the top of the demand zone and the top of the ascending channel, but upward overall. However, we need to see some more significant price appreciation...
we are seeing that currently, we placed fresh major zones in AUDCAD, that has not been penetrated yet. We are currently in a nuetral position with this trading pair and we are looking to go either long or short based off what price action is going to be telling us..
we have the coordinates on each of my zones, in (AQUA) colour so you can see exactly where my...
If you do not have any 'sentimental' connection to IOST, invest in some other ALTs - although we are still in very desirable pricing zone, we do not have any signs of potential bounce. If this is a must have for you, I would only suggest holding around 10% of your total portfolio in this.