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).
The price is in an area of higher demand. He did a CHoCH but the price action is not good and the basis is not valid due to the time and volume. Since it happened in Asia. What I would be waiting for is for the price to clean that area and then look for longs because it is not a good area. For now the price is accumulating.
The price took liquidity from the area of higher demand, and made a CHoCH and began to accumulate, what I would expect is a retracement around 1.18250 approximately to take longs in that area.
This is my positional view...it's not for a trading but buy Bank Nifty in cash... There was a selling pressure from 44000 and from 27th January there was a buying pressure from 37000. In short there is a wide range from 44000 to 37000. There is no strong bearish candle in monthly chart and price action pattern is very strong with higher high - lower low. In daily...
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,...
The price took liquidity from the Asian high and reached a valid supply zone. I am waiting for the price to make me a CHoCH in low TF to take shorts.
Copper is to commodities, what tech stocks are to equities. They are both historically cyclical but also promise potential long-term growth. Tech stocks were down last year, not because the underlying technologies were dead, but because central banks were aggressively tightening monetary policy. Copper too endured the same fate on account of macro headwinds...
As u always state trading is a game of probability. so with that being said there is a possibility that IF the DXY fail to make it pass the (Drop base Drop) supply areas then we will continue to see Dollar selling pressure coming soon. NOT quite sure if this will tie into a recession or the next major thing like interest rates coming down but its worth seeing for...
A minor long before we continue with the drop. Comes off a swing failure of the daily
There is a Supply Zone @ 17800-17900 and 17935 to 18320. Currently it is trading in the 17800-17900 Supply Zone. Risk to reword is favourable to take a short position. It will be strong once 17800-17900 supply zone will convert into Demand Zone.
There is a Supply Zone on Weekly Chart @ 17800-17900 and Supply Zone on Daily chart @ 17850-17900. There is Demand Zone on Weekly Chart @ 17400-17450 and Demand Zone on Daily Chart @ 16780-17745. Normally there should be a follow through in price from weekly supply zone but Nifty is taking support from it's daily demand zone. Also there is a positive RSI...
This is my GBPUSD Forecast. This is my bias on the 4H timeframe. Im anticipating that price will rally up into my 4H supply zone then possibly creating an entry to continue to head short long term on GBPUSD. I would enter price on a smaller timeframe once it gives me an entry.
Saw resistance at .95571 May rejected and January long wick 1:6 R:W RSI 72.74
Gold has been recently bullish due to the Feds slowing the pace of interest rate hikes and fears of recession is looming. We also have the war in Ukraine that can potentially escalate even more. Gold can breach the all time highs. Here are the Supply and Demand Zones that I will look for setups/reactions from.
BOS retrace Back Generate LQ Spot Demand waiting for LQ to be taken out and Tap into Demand zone to take ride to upside let see how move plays out
A full bearish engulfing around this area will give me the edge to enter the sell. Mind you the momentum is on the buy side on monthly timeframe. Watch out the incoming double top inside a weekly double Top
lets try out we gonna live once n so prob we gettin rich on this one lol
Gold - Pretty simple stuff today, trading with order flow, Daily down, 1H down, 4H down, 15m down.. Waiting for a pullback into current supply, the 15M H&S to complete and ill be pulling the trigger! If current supply fails i'll be looking for short term buys up to to 1805.740 zone. Let me know your thoughts!