EURUSD is moving towards supply zone on weekly chart, its a long term setup, day traders can use it for their TOPDOWN analysis only.
Disclaimer: The above analysis is a personal market judgment based. Hope investors will consider and like, however I am not responsible for your investment decision.
Wish you best of luck.
If price move to the circled area which is the HTF key level with the head & shoulder pattern, if we see the structure break on that level in the LTF (lower low and lower high) than there is a higher probability that price can move down side.
Please take the entry based on your own trading plan and follow the good RR to stay consistent profitable.
If price will break above the marked key level there is a higher probability that price will move to the more higher and fill the weekly candle's wick.
Take the entry based on your own trading plan and always follow the good RR to stay profitable.
Price is in the accumulation phase and indicating the uptrend on the higher time frame, there is a higher probability that price can go upside for ATH.
Take the trade based on your trading plan and al always follow the proper risk management to stay consistent profitable.
GBPJPY took out the liquidity then went on to break the structure. I'm looking at a nice sell opportunity here. It came back to the 4h supply zone.
I am not a financial advisor and I'm not responsible for anything that happens this is just my view on the market.
Leave a like if you have have the same idea otherwise drop a comment on why not...
Will XOM first do a little consolidation here in the channel before breakout, or will first make breakout and retesting before "touch the sky" on approx. 74,12 is up to see.
Time will show the right way.
* Support and resistance level are on monthly chart.
Looking for GU to continue it's bullish trend after this 4HR order block is mitigated. I've refined down just to the 15min and will look for structure if/when the OB is reached.
Could go in blind order here with a limit buy order.
Entry - 1.38494
SL - 1.38420
TP - 13RR
I am following up from my previous idea and I am trying to make sense of supply & demand zones, and volume. I am not an expert in this at all, so I'd appreciate your thoughts.
The 4H chart shows decreasing volume and an RSI in overbought zone. What I can't make my mind up is whether the volume is suggesting a slight decrease to retest the previous...