On this exchange, the price has just broken through a strong demand zone and subsequently retraced to a supply zone that the price generated within that main one. My view is highly bearish so I entered a short position with a 1:4 risk-reward ratio target. Let me know what you think in the comments. Have a nice trading day!
I have highlighted a demand zone where the price made a false break and then created an additional demand zone within the main one, which I used as an entry point for my long trade. Let me know what you think in the comments. Have nice trading day!
AUDUSD presents an interesting scenario as it shows a very strong demand zone where the price has attempted to drop multiple times, creating spikes. However, we do not yet have any interesting points for a long trade, so if the price were to break this zone, we could consider a short trade. Let me know what you think in the comments. Have nice trading day!
GBP/AUD has a strong demand zone where the price has made many spikes. My view is bullish, and I have identified two possible entries in this zone. Patience is the key! Let me know what you think in the comments. Have nice trading day!
My view anticipates a potential short on USD/JPY. I have identified a very strong supply zone where the price has attempted to break twice without success, creating spikes that I have highlighted with circles. An hour ago, the price created another supply within the strong resistance zone, and I will wait for a possible retracement to enter a short position. Let...
Gold has a strong demand zone around the level of 1990. Currently, my view is neutral. What I will do is wait for a possible formation of a supply within the main demand zone, and from there I will look for a long entry. If the price were to break the main demand zone, then I will look for a short entry. The goal is to search a possible supply demand zone inside...
I highlighted a demand zone H4 that generated 3 relatively prominent bullish impulses with circles. Afterwards, I waited for the market to generate an H1 BOS which allowed me to identify a Point of Interest (POI). Then, I identified two targets for my trade, which I opened after the price retraced to my H1 supply. Let me know your thoughts in the comments....
On EUR/USD, we have a bearish setup in the last week. The market is generating a supply zone with two price retracements before further declining and breaking previous lows, creating BOS in the process. The objective of this trade is to aim for 1.0880. Let me know your thoughts in the comments. Happy trading and have a great day.
I have identified a very strong supply zone in H1, as the market retested the area 3 times before breaking through it. After the breakout of the supply zone, the price created a BOS, allowing me to identify an additional POI within the previous supply zone. Now the objective is to wait for the price to drop to the 90 area, and then look for a long entry. The first...
I have highlighted a sell zone and a buy zone that I will use as reference for my profit target. The trade in question is really simple, just tracking the price on the supply area. I opened with a stop positioned above the highest candle within the sell zone. Let me know your thoughts in the comments. Happy trading and have a great day.
On the gold chart, the expectation is for a return to the area drawn around the price of 1975-1985, followed by a subsequent rise to the 2040 level. Let me know in the comments what you think.
EU, in line with weakening dollar seems to be retesting a key level. Lets see if it wants to continue pushing up to the fib extension zone
B&R setup identified in AU and meets the rest our our requirements so I will adapt to what market shows us and go for 2R, lets see if it plays out
Our favorite playbook setup identified in GOLD with market correlation backing it up. Lets see what happens!
Mid term outlook on GJ and EJ bullish and now we have a potential setup to join the trend. Classic break and retest. Lets see what happens
Broken trend line, failure to break new high and RSI price line crossing all point to a nice coming move down in the ongoing correction. Going for at least 2R
B&R setup identified in UJ in line with current uptrend. Lets see if we can get a nice move to complete higher timeframe harmonic pattern
GU has broken above structure and typically we expect to retest and continue this move, however we have noticed depletion of buyers leading to a break down of an inside bar. Going for at least 2R with this one