EUR AUDWe updating last chart of EUR AUD, and adding one more position.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
Demand Zone
Now what?Seems like 3.5 is a string demand area that pushes the price very hard to the upside. The last time was in Jan 2020. I don't think is going to explode above 30 but the next resistance is at 10. This is a high volatile stock, I bought calls exp 04/19 strike 5.5. If this breaks out will be massive.
EUR/USD Longs from 1.08600 back up to 1.09400EU is following a pattern similar to GU as anticipated, so the approach will be similar. I'll be seeking buying opportunities near the current price, given the presence of a 6-hour demand zone that prompted a Breakout to the Upside (BOS). If price approaches this zone, I anticipate a Wyckoff accumulation formation before entering buy positions.
However, there's an Asian low beneath the zone, so I need to exercise caution regarding the potential buy. If we witness a successful reaction, I anticipate a price rally to fill the imbalance above, eventually leading to the mitigation of the 17-hour supply zone for potential selling opportunities downward.
Confluences for EU Buys are as follows:
- Price is approaching a decent level demand on the 6hr.
- Imbalances and liquidity above that need to be mitigated.
- Price has already been moving recently bullish the past couple weeks.
- After asian low gets taken I can expect price to slow down and accumulate.
P.S. With the shift in price character to the downside, this could represent a temporary retracement. However, if price persists in breaking structure to the downside, there's a possibility of this demand failing and selling pressure becoming more dominant.
Crude Oil Demand ZoneCrude oil is at all time highs as it pulls back into todays opening range.
this is also a 15 minute demand zone.
Entry at previous weeks high
Stop loss is right below structure on the 15 min and 1 hour chart.
NAS100 Buy IdeaMy thoughts on how NAS100 will buy to sell over the next few days. Currently price is retreating to the 4H zone but paitience is key.
NEAR INCREASE VOLUME TRENDThank you for reading this update.
NEARUSDT seems to have a new volume increase that could get a confirmation in the coming time frames.
Beefy Bullish OutlookBINANCE:BIFIUSDT is having a very long consolidation. Price will break the consolidation area soon, now is the right time for us to get in before it gets too high.
TP: $2,000
SL: $335
Make America Great Again Bullish OutlookLet's MAGA guys.
BITMART:MAGAUSDT is in a good buying zone + that gap is delicious.
TP: 0,0000000267
SL: 0,0000000022
GBPUSD 10/3/24GU ran major highs on Friday, and we have seen that the markets what higher prices so we of course will follow this rally as we have from the major lows at 1.25400.
The ideal move for us here is the price to pullback into a lower areas and give us a nice long move out of said areas, we have seen a pretty big shift into our highs without pullback so this is what we are looking for, 50% pullback move lower to the demand that broke the highs and caused our HTF BOS and sweep of the same highs.
lets see if we are lucky enough to get this i am also looking for some low risk shorts from the liquid move that we have just seen take out the 4HR highs.
lets watch what price does and then act accordingly!
GOLD BULL TRAINGold swept the all-time high we expected it to sweep last week and now we would look for some kind of retracement for a new opportunity to buy. Often once price sweep major Liquidity, we tend to see a retracment!
Confluences for GOLD
- Very bullish price action with minimal retracements
- Demand being respected and supply disrespected
- Asia Lows left untouched means very bullish order flow
US BULL RODEOI expect US30 to continue its path up, which would mean respecting HTF Demand and disrespecting supply once HTF demand is respected! We can not see any strong bearishness which is a good sign of bullish, we can expect this bearish order flow to be a retracement after an impulse move to the upside
Confluences for US 30
- Very bullish price action
- Disrespecting supply
- Strong pushes to the upside and weak pushes to the downside
- Accumulation in Demand zones
- ASIA LOWs being mostly swept and leaving liquidity at the top
VisionGame Bullish OutlookGame-Fi project with small market cap.
KUCOIN:VISIONUSDT is a good 20x project.
TP: $0,1
SL: $0,0033
Alchemix 2024 Bullish OutlookThis is the updated version of my previous SUSHISWAP:ALCXWETH_C3F279.USD idea, i will update about alcx in this post.
ALCX is ready to 10x from here.
TP: $350
SL: $21
We should hit the target profit in december 2024.
TOTAL3 Bullish OutlookAfter the previous CRYPTOCAP:TOTAL3 idea of mine invalidated (price breaks the consolidation area), Altcoin is ready to launch massively in 2024 bullrun.
Inverted Head & Shoulder spotted in weekly timeframe, this is also the case for CRYPTOCAP:TOTALDEFI . My target is the resistance area around 660B-740B. Bitcoin dominance is also about to go down (will update more about this soon) so altcoin season is very close.
EU HAS MORE UPSIDE LEFT? (Longs from 1.09000)My bias for EUR/USD this week aligns with a potential upside movement, mirroring Scenario (A) in my analysis of GU. While I anticipate eventual selling pressure, there's currently no clean unmitigated supply zone that catches my interest. Instead, I foresee a retracement to the 10-hour demand zone for a potential buy opportunity, aligning with the current upward trend.
During this pullback, I expect price to re-accumulate within the zone, providing an opportunity for buying positions targeting either the equal highs or the imbalance above. However, my focus for this week revolves around identifying buying opportunities, considering the anticipated drop in price for future opportunities.
My confluences for EU Buys are as follows:
- Price has been moving bullish recently reinforcing this idea with recent break of structure.
- DXY has been moving very bearish recently supporting this idea.
- Clean 10hr demand zone left that has caused BOS, expect it to continue the trend.
- Daily imbalance above that needs to get filled.
- Lots of liquidity to the upside like equal highs and trend lines.
P.S. I wouldn't be surprised if price keeps surging from my demand zone, situated at a psychological key level, and proceeds to rally up to mitigate the significant 20-hour supply zone. This is where I anticipate the next significant downturn to occur.
Have a great trading week and watch out for this Tuesday's & Thursday's news events!
🌟📉 Exciting Update on USDCAD's Ranging Market! 📊💼As mentioned earlier, let's dive into the latest developments regarding USDCAD's market dynamics. Get ready for insightful updates and potential trading opportunities. 🚀📈
📉 Downward Trend Forecast:
Our analysis suggests that USDCAD is poised to transition into a downtrend. Why? Because we anticipate further downward movement in the DXY (Dollar Index), which could influence the direction of USDCAD. Stay tuned for potential bearish opportunities! 👇📉💰
⚠️ Managing Sell Orders:
If you have active Sell orders through your EA, it's advisable to consider adjusting your strategy. Specifically, you may want to halt new sell orders when USDCAD experiences a rebound from the demand zone (1.3456), as illustrated. This adjustment can help you navigate the evolving market conditions effectively. ⚙️📉💡
🔄 Next Up: AUDJPY Ranging Market:
Looking ahead to next week, we shift our focus to a new ranging market opportunity—AUDJPY. Stay tuned for our next post, where we'll provide valuable insights and analysis on this currency pair. Get ready for another exciting trading prospect! 📆🔍🌍
Embrace the updates, adapt your strategies accordingly, and seize the potential within USDCAD's ranging market. Don't forget to join us for the upcoming post on AUDJPY, where we'll uncover more trading possibilities. Let's make the most of these opportunities and aim for profitable trades! 💪💼💹
#USDCAD #RangingMarketUpdate #DownwardTrendForecast #AUDJPYNextWeek #TradingOpportunities 📈🔍💱
NZDJPY - LONGHello all! The big bullish divergence combined with demand zone on the 1H Timeframe. After closing a big bullish candle we could have a look for a entry. Please consider this only like an idea.
AUDJPY - LONG idea after reach supply zoneAfter a bullish rally for the AUD there was a correction which wasn't reach 0.5 FIBO. Now the price is moving to down side which is positive for JPY. It is good idea to look for double bottom combined with candlestick pattern ot diviregence on some of oscillators and the entry could be a good for long position. Very important is that we expect new for the AUD which could have significant effect.
EURNZD wating for Eurozone dataAfter forming of the desceding channel the price reached to supply zone combine with resistance line. The resistance line is not so hard because the prices have touched it only 2 time and now is the 3rd. Everything depends on the data which eurozone will share. If they are positive for the EUR then may be after a retest, an idea for long position will be great. If the news are bad for EUR then a short position will be good.
AUDJPY - risky SHORT ideaAfter a breaking of the main bullish trend, there is a quick short movement. The price did a correction to 0.5 of Fib + supply zone combined with resistance line. This could be followed by a quick short movement to demand zone where doble bottom could be formed. There is a risk because the main movement is upwards and the correction of the main movement was done to 0.5 Fib and demand zone. This is only idea with educational character.
US30 BULL RODEOThis is my demand zones for US30, it has been a long time since I traded US 30, but it's looking very bullish! We have made some new highs and expect to keep pushing! The target could be 40000 in the longer term since that´s a round number and a psychological level.
EUR/USD Longs from 1.08200 or 1.07800 back upMy idea for EU at the moment is for it to push higher in order to take out the trendline liquidity that sits above. I expect price to do a similar move to GU in which I expect a bit more upside left to validate this newly marked out 4 hourly demand. Then I anticipate a pullback within this demand to take out liquidity above and tap into the 12hr supply zone that I have marked out above.
From there I will be expecting bullish pressure to die down and form a wyckoff distribution. Once I see my edge appear on the lower time frame I will execute sells back down to continue the overall trend.
Confluences for Buys are as follows:
- Price has left lots of liquidity to the upside that needs to be taken I.e. like trend lines.
- Supply zone above that needs to be mitigated so still more upside left.
- A 4-hour demand zone has emerged, from which we could witness a bullish response.
- price has changed character and broke structure to the upside before as well.
P.S. This is only a temporary trend notion until a new supply zone materialises for me to consider selling price back down. However, selling opportunities don't appear optimal due to the significant liquidity around the current price.
Have a great trading week! NFP on Friday I advise to preserve capital and stay away that day.
GBPUSD Longs from 1.26200 back up to 1.27400I still maintain a bearish outlook on GU; however, there's significant liquidity gathering around the marked trendline above. Consequently, I anticipate this liquidity to be taken out first, creating a CHOCH to the upside. Once this transition occurs, I expect a retracement back to the newly identified 4hr demand zone.
This temporary upward movement is envisioned to enable price to address the existing imbalance fully, eventually reaching the 20hr supply zone where potential selling opportunities lie. I'll be monitoring for the emergence of a Wyckoff distribution pattern within that zone, signalling the continuation of the bearish trend.
Confluences for longs are as follows:
- Price has swept liquidity now pushing higher with momentum.
- There's a new 4 hourly demand zone that has been created.
- lots of liquidity to the upside like asian highs and trendline liquidity.
- For price to continue going down I see imbalance getting filled as well as the 20hr supply being respected.
P.S.This is a temporary idea that I have but I wouldn't be shocked if this recently established 4hr zone is breached, potentially reaching the 10hr demand zone I've identified below. However, considering that price has now cleared out liquidity, I anticipate further upward momentum for now.
Have a great trading week guys!
