EURUSD – As we can see, the EURUSD created a great new supply on Friday, this supply is fresh and seems to hold unfiled orders, if the price will back to this supply before Creating A new low, I’ll sell there as a continuation trade, my target will be the support zone below. for those who want to take it further, the next target is 1.0950.
S&P 500 - The supply level above is the same supply i marked and mentioned in my last post on S&P 500, this supply is still relevant and if the price will return to that supply I'll Sell There, but for now, there is more chance the price will break the support that holds the price now, if that happens, I'll look for a new supply or other price action setup of sell...
As we can see, the momentum for USDCAD is bullish, I marked the demand below as a great continuation level for buy position, if the price will hit that demand I'll buy there, my long Terms target will be 1.3600 zones, another scenario that I would like to mention is if the price will break that demand and keep falling down, in that case, the momentum will change...
For the long terms, as we can see on the daily chart, the USOIL is in a strong bearish momentum, I marked the next fresh supply&demand as a critical key level to look for a position, Above us there is a great supply level which can be a continuation of sell position, if the price will return that level I'll sell there, my first target will be the demand below, and...
As a price action forex trader, I'll wait for the price to break the resistance zone I marked on the chart, if the price will break the resistance zone it indicates the price on his way to Reach the next critical level which is the supply above, I won't buy immediately at the breakout, but I'll look for a good price action setup of buy position, my target will be...
XAUUSD (GOLD) – The GOLD has created a new fresh demand recently, As we can see on the chart from the left, there is no reason for the price to stop until he will reach the Resistance above, if the price will return to check the demand below, I’ll buy there, in case the price will break that demand, I’ll wait for a new buy position at the demand at the bottom. in...
EURUSD - The new fresh demand that I marked below succeed to broke the supply from the 12/11, for now, it seems the price on his way to reach the resistance above, the demand Below is a great continuation level for buy position, I'll wait for the price to buy there and my target will be the resistance above.
As it seems now, the NZDUSD pair just broke a critical support which indicates the momentum changed to bearish, and the price most likely on his way to reach the demand below, For now, the best level to join this bearish momentum is the supply above us, if the price will return that supply, i'll sell there, my target will be the demand below which is a great Level...
For the swing forex traders, I marked the key levels to look for a position on USDJPY, yesterday the price created a new fresh supply above us that indicates the price on his way to Reach the support below, if the price will return to that supply, it can be a great opportunity for continuation sell position, I'll sell there and my target will be the support below.
For the long terms, the EURUSD is in a strong bearish momentum, in my opinion, the on his way to reach 1.0750 zones, recently the price created a new fresh supply above, that Supply can be a great continuation level if the price will return to check that level, if the price will return to that supply i'll sell there, my first target will be 1.0900 and the final...
As we can see, the XAUUSD is between the supply above and the demand below, it seems the price is on his way to reach the demand below, if the price will return to the supply above Before hit the demand below, I'll sell there and the demand will be my target, this demand is also a great level of buy position for long-term forex traders, when the price hit that...
For the long terms, the NZDUSD has changed the momentum to strong bullish, as it seems now the price on his way to reach 0.7000, the demand below that i marked on the chart Can be a great level of buy position as a continuation level, if the price will return to check that demand, i'll buy there, the first target will be 0.6880 and the final target is 0.7000. this...
USDCAD – The key levels that i marked on USDCAD are great levels for intraday forex traders, the demand below seems like a great continuation level of buy position, the price jump From that level very fast and strong, which indicates on unfilled orders on that level, i’ll buy at this level and my target will be the supply above which is also a great level of sell...
As we can see, EURUSD has created Quasimodo level above us, for now, it seems the price tends to reach 1.1320 zones. i'll wait to see if the price will return that supply above before Reaching 1.1320 zones, if that happens i'll sell at this supply and my target will be 1.1320. it's relevant for intraday forex traders.
Waiting for price to retrace to the 4hour, 50ema and gain momentum to break the channel so i can confirm a Long trade.
I see price retracing to 50ema where there is also a 61.8fib level from a previous successful structure.
4hour channel + (potential candlestix) & Gr4d within.
thumbs down: No 123 patterns in motion but weekly just closed on bullish 123 last...
A good strong break of a longer time frame trendline and the 200 day SMA also came in close to that break. A nice retracement back to a key level and then closed lower.
I am short at this level. Looks like it's starting the next leg down. 12.50 area may offer some support but it looks great so far.
April Live Cattle triggered a short for me after the gap down in the 134 area.
I like the way it's behaving. In the last couple sessions, it has broken down below the short- term uptrend line after a clean touch on the longer- term downtrend line.
After a significant and a rather hasty run-up in the last couple sessions, April gold has formed what we traders like to call a Bearish harami type of candle in the last trading session.
This does not mean the price is going to tumble back down like a lead balloon, but it is an important signal for a possible reversal short term or a more extended one. The first...
