The drop from 7700 level(yellow) represented a lack of buyers at that level that necessitated such a decline in price. Price is back at that level after a significant rally in price to a price level where the chart tells us there was a major selling activity. I for one would not be buying bitcoin at these prices. Wait for price to break 8210 which will signal a...
I expect a drop in this downtrend from a great supply zone that I see on the 5 minute chart. I wanted to post the previous rally you see that I was in but it happened to fast. Of course, I have to take profit to get in the supply zone for the sell. And since the rally was off of a demand zone I got in on, that demand zone isn't going to stop the drop and I expect...
At H1 timeframe, we have the potential for GBPUSD to decline. We meet verified supply zones. We can target the demand zone below. Best Regards, Don_Hawkish
Had a rejection from supply, sell limits have been set
Taking short positions, we've tapped a supply zone, I think we're going down to support
We've tapped a supply zone, entering shorts down to support
I'm setting and forgetting an entry on a supply zone very high on the curve that is already in a down trend. The leg out wasn't explosive but it did leave a 2:1 from entry. The relative strength has the CAD at the strongest on both the DAILY and HOURLY charts, while the AUD is either the weakest or second to weakest on both time frames. There is a demand zone...
is for my own education purpose trade on your own risk leave like and comment what you think :)
Hello traders, I found a supply level that was hit last week. The price is currently in a consolidation. I waited for a confirmation (candle formation) before entering the trade. The confirmation was a engulfing candle on the D1 Chart. Below the indicated supply zone, a demand zone has formed, which now has to be overcome. Then the way is clear until the...
Am waiting for my sell order to be triggered ona weekly supply
At a big area of Supply on Weekly TF look for possible selling opportunity
If price rally to 75.064, I have an entry there waiting, spotted on the 4hr time frame, with a high probability chance of sending price right back down because the Yen is very strong on the higher time frames while the Aussie has been weak for weeks.
Once price reaches the Supply Zone (SZ) at 61.06, I expect a drop down to the next respectable Demand Zone (DZ) at around 57.86. I'm prepared to bail out at the first target (T1.) at 58.79. It says that price is up-trending but on the Daily it shows that it is actually down-trending.
Currently pushed back up into newly created supply and also in an overall selling market. Will not be surprised if we see the sellers push it back down once again. Let's see how it plays out.
If the price reaches 0.93300 (sell entry), I believe there are sellers there that will push price back to a demand zone of 0.92910 (Take Profit) for a good 3:1 R:R.
I have reason to believe price will be heading down. It reached the Supply Zone but cannot break through it. Also, there is a resistance line that price didn't close above yet within the zone. Now it may not reach 3:1 RR target because of the DZ waiting there. The DZ was violated, buyers were in control for a bit. So, there are buyers for sure. But the price...