It is trying to take support from demand zone but follow through is missing on the upper side. Also there is Distribution happened on the upper side.
There is a high probability to test 16500 zone at the end of this month...
Technical Analysis:
-Trop down analysis shows that there is a strong bearish trend for this pair so I will only be looking for short trades.
-Supply zone and Fibonacci level 62% are in line which shows a strong confluence that price will retrace to from this level.
-According to my algorithm, the seasonality shows a bearish trend for this pair will last till the...
This is my AJ buy setup from a monthly demand zone. After the demand zone was created, liquidity was created just above it then price came back and tapped the zone. This looks to be a nice trade with a potentially huge target. My setup is 1:19 RR with a 341 pip target.
Hello Traders
I think the Gold price Stabilized under 1880 area and its time for more decreases.
As you can see on my chart we Broke 1880 support Area with a Long Red Belt candle.
and after pullback to this area now its time for a few crash.
I thnik the Gold price decrease till area created by 38.2% Fibo Retracement of last long leg
(yellow channel above) and a...
There are Multiple Demand Zone @ 16800-16850 and 16900-170000
Currently Nifty doesn't have a strength to break those Demand Zones.
Any Bullish Price Action from the Demand Zone Nifty will test next Supply Zone @ 17400
Bearish view below 17765.
Here is my view of EURCAD for the upcoming week. I think that it will go up and fill the imbalance before coming down to take liquidity and fill another imbalance above the demand zone.
I can see UCAD going down a little bit to a 30 minute demand zone before heading up to fill an imbalance around the 1.382 area then potentially making a move down again.
There are two conditions.
1st: Bullish price action from 17750-17830 zone will take price to the next Supply Zones on the upper side.
2nd: Bearish price action from 17750-17830 zone will take price to the next Demand Zones on the down Side.
Supply Zone @ 17385-17460
Demand Zone @ 16900-17095
Condition 1: Time wise correction between 17275-17460...
Condition 2: Sustain below 17275 downtrend will continue and test next Demand Zone.
Gold is about to break the 1900 zone. Price is showing extreme BEARISH signs. I'm targeting the 1821 zone.
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Price action is KING!
The price after accumulating cleared supply zones. And he finds himself distributing to the highs again. Where the price confirm shorts we take them.
The price is in an expensive range.
Levels and other details are mentioned in the chart.
There is a high probability to get trending market on upper side.
I will change my view and position in case of price sustain below 17600.
Levels and analysis is for a position view (Option selling).
AXSUSDT is testing the weekly support at the $9.9 area, which is a crucial level for traders and investors.
The 0.786 Fibonacci retracement level is also in close proximity, which is a key level for traders who use Fibonacci retracements to identify potential areas of support. It is expected that the price will bounce off this level, as it has done in the past,...
