I am not saying price will go there at this stage. All what it means is that right now this demand level is the first demand zone where we can engage in a long position. before that right now - NO LONGS! If price will go there i expect a huge bounce to the upside since the 4h demand level is covered by a daily and weekly demand zone.
All Trade Parameters shown on the chart. Long setup in weekly Demand. We trade the monthly uptrend. I do not expect a Higher High at this stage (that is why we do not have a third target). Second target is placed before the opposing weekly supply Zone.
All Trade Parameters shown on the chart. Long setup in 4h Demand. We trade the weekly uptrend. We face a level on top of level scenario. You can play it either way: Both levels together, only lower level, or 50% of your position on the upper and 50% of the position on the lower level. However in all cases your stop loss must be below the lower level.
All Trade Parameters shown on the chart. Long setup in 16h Demand. Wider version is touched. Not completely fresh anymore but still high quality. Could also be a bear trap: Above we have daily support if it breaks retail traders go short. Below we find a high quality demand zone with unfilled institutional buy orders sitting to move price higher.
We will only engage in a short position if price comes first into 8h Supply before it hit daily Demand below.
Daily Demand Trade idea I posted as well on the 6th of November. Daily Demand is stronger since in the context of a weekly uptrend!
Level on top of Level scenario. We will only short upper level due to risk and safety.
All Trade Parameters shown on the chart. We face a level on top of level scenario. In order to have a higher risk : reward ratio we will only trade the lower demand level. Both levels can be combined as well, however stop loss has to be below lower level.
All Trade Parameters shown on the chart.
Daily Short Setup covered by Weekly and Monthly Supply Zone. Gap Fill in Futures. Short is supported by bearish Natural Gas seasonality from November until February.
Forex cross pair GBPJPY is rallying and creating brand new demand zones for potential longs. In an uptrend supply levels are removed and demand imbalances and zones are respected. Weekly area of demand in a clear weekly uptrend long bias
DAX 30 German Index breaking all time highs. Pausing on the weekly timeframe before a breaks out to create a potential weekly demand level on the way up if the second leg is created
New weekly demand zones created on the way up. Longs at weekly demand zones
Looking for a breakout of "wedge" formation. Price currently at Daily support level/61 8 fibonacci level..lets see if we can get some bullish momentum soon !
