Those are the key levels for EURUSD,
1 - The supply above is a great level of sell position, if the price will back to
This supply I'll sell there. my first target will be the support below, and the final
Target is the demand at the bottom.
2 - If the price will break the support below there is a high probability he will keep
Down to the demand at the...
It seems the momentum for the USDCAD has changed from bullish to bearish.
The supply above is a great continuation level to join this momentum,
Therefore if the price will back to this supply i'll sell there, my first target will
Be the support below, and the final target is the demand at the bottom.
BTCUSD update: Weak prices but no new lows as this market tries to find stability within a multi degree overlapping support area. Often a market bottom is not a simple event, it is a process that unfolds over time. As long as the 6K recent low is not taken out, this market is building a broad base to rally from in my opinion.
Right now there is an inside bar in...
Those are the next fresh supply and demand for an intraday position.
The way that the price drop from the supply above indicates on unfilled
Orders that stay there and waiting for the price to come back, therefore if the
Price back to this supply I'll sell there, the same scenario is the demand below,
If the price back there I'll buy at this level.
For the swing trading, the EURJPY is bearish at the moment.
The supply above us seems like a great level to join this bearish
Momentum and sell there, it's a continuation level, therefore i'll sell
At the supply above, my first target will be 129.20 zones, and the final
Target is at 128.00.
Those are the next fresh supply & demand for intraday position on GBPJPY.
It seems that first, the price will reach the demand below which is Quasimodo level.
I'll buy at this demand, my target will be the supply above which is also a great level
Of sell position, both opportunities are for the intraday term.
BTCUSD update: Price peaks at 9177 high while the next retrace into the 8400 area is in progress. This is where I am anticipating the next higher low formation, which I will interpret as a sign of strength that can lead this market out of the persistent bearish momentum that been holding it back for some time.
Keep in mind the higher low formation is not the...
After the recent uptrend, I'll prefer to wait for reversal opportunity.
A breaking out the support zone will create an intraday opportunity,
If the price will break this support zone i'll look for P"A setup of sell
As a day trade, the first target is the demand below, and the final target
Is the demand at the bottom, which is also a great level for buy position.
EURUSD: I am going to present my perspective on this forex pair since I actively trade it in addition to the futures markets and coins. Forex is driven by macro economic conditions but tends to be a very technical market environment. This makes it ideal for swing trading. So in this report, I will briefly cover general perspective, support and resistance. I will...
I marked the next supply & demand for the long-term position for AUDUSD.
The long-term momentum is bearish, therefore the supply above is a great
continuation level of sell position, the demand below is a great level of buy position
As a reversal trade, both positions are for the long-term.
BTCUSD update: 7240 low which was the lower boundary of the minor 8171 to 7239 support zone was established and followed by a very bullish pin bar. The current candle has taken out the high of this pin bar which is a bullish sign. What needs to happen now is the follow through. Without it, price can still retest 7239 or even 6941 before the reversal process is...
ETHUSD update: New lows made at 452 as this market gets punished by the possibilities of securities regulation by the SEC. There is only one level left where there is a chance of a bullish reversal, but until some significant bullish structure materializes, I would stay away from this market as far as initiating new positions both long or short.
The SEC...
The recent drop that SPX index experienced a few weeks ago changed
The long-term momentum to bearish, since then it seems the price move up
Slowly to reach the last high in order to collect more sell orders that waiting there,
I'll sell at the supply above, my first target is the demand below and the final
Target will be the support at the bottom. for the...
For the intraday term, the NZDUSD is bearish, it seems the price
Tends to reach the support below, therefore the supply above can
Be a great continuation level of sell position, if the price will reach
That supply i'll sell there, my target will be the support below. it's an
Intraday opportunity.
LONG ON COPPER?
I've been looking at this metal for about a week and the only reason I didn't post anything about this, is because I wasn't entirely sure if this bullish stride would be valid!
I can see now that this metal has indeed broke through its key level at 3.14000 and could POTENTIALLY exceed highs of both 3.18000 and also 3.24000 .
TP: 3.18000 & 3.24000.
BTCUSD update: Extremely uneventful price action is now in progress which is very unusual for this market. Hovering just above the newly established bullish trend line, I interpret this activity as an absence of weakness which lends a more bullish bias to this market.
Slow markets that go nowhere can be very confusing, especially if you make the mistake of...
If I look for a daytrade opportunity those are the key level for that,
I'll sell at the supply above, and buy at the demand below, if the price
Will break the demand below I'll try to look for a sell signal in order to reach
The demand at the bottom, the demand at the bottom also a great level for
Buy position,
Going long on ''STOXX 50''
If prices break through our key level at 3475.0, we could see a bullish run up to highs of 3575.0/3625.0.
A solid break through our key level, will indicate to me that our targets aren't far-fetched and actually could be attained. Also we could get an opportunity to short this for the equivalent appreciation, which is really good!
