Supply and Demand is one of the core strategies used in trading. It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. It identifies zones on the chart where demand overwhelms supply (the demand zone), driving the price up or where supply overwhelms demand (the supply zone), driving the price down. Most supply and demand traders wait for the price to enter these zones, where major activities of buying or selling have taken place, before entering a long or short position themselves.
It makes sense to buy at a demand zone and to sell at a supply zone, but keep in mind that fresh zones are more effective than retested ones. They can be used as entry zones for a continuing trend or as reversal zones for a changing trend. Trades can be made aggressively or conservatively, each with their own rules of entry and exit. TradingView has a smart drawing tool that allows users to visually identify these levels on a chart.
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Still has more room to go up.
Resistance at 1.722 would be a better zone to short.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging...
As we can see, the USDJPY has just started to develop a bullish momentum by breakout the last high of the recent bearish momentum, as the price is bullish for now, it will be wiser to look For a reason to buy, the demand below seems like a great level for buy position, on the first touch of the price at that level it’s the right time to buy, the first target will...
Price has broken the ascending trend line, & is moving within a bearish channel along with a downtrend structure making lower lows & highs. Now will be watching price to pullback to previous support structure & find new resistance, testing the top of the channel once again for then a reversal back to the downside to create a new lower low to occur next.
My strategy: I used many techniques in my analysis with
- Price Action is a trading technique that allows me to read the market and make subjective trading decisions based on the recent and actual price movements.
- Price Channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or...
It's the time to enter. It's an easy 2x-3x at the moment. $GTO was also from Binance Launchpad. So, ya! Pump it!
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You can see price moved down so great ( I mean , price consolidation on below fibo retracement 61.8% ) .
Usually if condition like that, mostly price pullback. And I thought, price have capability UP until fibo retracement 38.2 %
SIMPLE.
GJ seems to be forming a double bottom on the lower time frames, right in line with daily and weekly reversal levels. Possible long opportunity before reversing back to the long term trend line.
Strong Bearish Signal:
The price tested the resistance level, but could not break it out and after that showed a sharp drop. The movement was on the large volume, which only enhances it importance.
Volume Zones:
We need to allocated a strong volume resistance level 0.6932, that has already been tested a couple of times.
Sentiment:
This indicator shows that 93%...
GBPJPY seems like a good short term buy due to a bounce off of the trendline that it is respecting. Also due to the high sell of of this pair that went for a while, it is oversold and thus needs a pullback before continuing it's momentum - REMEMBER THE RULE OF MARKETS - SUPPLY AND DEMAND. I am looking to take profit of 100 pips at around 140.7 though I will be...
Strong Bearish Signal:
The price continued falling, moreover, the drop was confident and sharp, so that we may state that the downtrend is going on.
Volume Zones:
Besides it, we need to point out the new level of resistance 1.2757, which contains the large volume.
Sentiment:
This indicator shows that 91% retails traders are in long positions, which is a good...
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