Price is reaching a supply zone on the Avon (AVP) chart in something that is clearly leaning to the downside. I anticipate a drop from this zone for a 3.54:1 RR.
ABB Limited provides power and automation technologies. The Company operates under segments that include power products, power systems, automation products, process automation, and robotics. although this company is above my $10. nonetheless, this zone is well nested and willing to go short
Price hasn't yet touched the supply zone, there is a chance we may see price push up into the zone before a drop
If price reaches 0.00464, there is a high probability that it will drop from that hourly dbd supply zone (green) for at least 66 pips. It also helps that the hourly dz stems from a DAILY demand zone (red), price just broke through hourly uptrend line (green) to start a downtrend and there seem to be more sellers than buyers.
GBPCHF Short Term Supply Level Detected Potential move to the Downside expected opportunity for good return on Investment
#GBPNZD Short Term Supply Level Detected Potential move to the downside expected opportunity for good return on Investment
A Supply Zone and Demand Zone (both blue boxes) I just noticed on the AUDJPY 15min chart. One will certainly trigger. I have more faith in the SZ since price broke so many levels to create a reversal, not to mention breaking my green trend line, which was created on the 1h. If price returns to that zone, I expect it to continue the drop. And maybe there are enough...
Scratch my previous post about the #AUDUSD short. I notice a better supply level (green) just above it for a weekly income with an entry of about 0.72481. #forex
Here is a setup I have for a supply zone (green) on the 60 min chart.
Following yesterday's analysis, liquidity cleared on the upside as we had speculated. Price did not reach the Upper block not allowing for an optimal short opportunity. Liquidity now rests on the downside. Market will either dump from here or try reaching the upper block. Daily close will indicate our next moves.
I'm speculating that the price on the EURCAD will drop from this SUPPLY ZONE found on the 5m for at least a 1:2.79 RR. Also, there is a divergence developing with the RSI in relation to price. A Euro report will be announced at 4 AM Eastern Time but it is a low impact report that doesn't concern me.
I detected a supply zone on the 5-minute chart that seems to be solid with more sellers than buyers. If the price crosses above 112.872, then I believe it will come down for a potential 2:1 reward/risk. But, it has to break below the zone between 112.791 and 112.776 for the risk/reward to be possible.
I spotted a drop base drop supply zone on the 15 to 5-minute charts and thought it was a good opportunity for a trade on the 5 min. after seeing that there were more sellers than buyers on the lower time frame. Now, I don't normally go for zones in the middle of a trend. I prefer swing zones. But it looks like a textbook zone that should be considered. So, a...
I spotted this supply zone on the 15-minute with a focus on trading on the 5 min. If enters the 0.72241, I expect the price to come down for at least 20 pips.
DXY is seemingly approaching an attractive supply zone around 98.50. As mentioned in the earlier posts on DXY, we have an important gap zone around that area. Furthermore, there's the 15 degrees angle line coming down from the top at that same area, that is if the DXY trend is being measured with 20 pips per week ratio. It seems reasonable to look for shorting...
Expecting price to continue on and and test supply at the 1.0500 handle on the weekly chart unless we reject the area of resistance we are at now and break the previous low. Until that happens i am bullish on this pair.
I will wait for the rally to sell short this pair at those layers of supply
Breaking out of a bullish channel, price reacted accordingly, but still within an upward momentum in its forecast, follow support at 6380. Yet, a demand level of 6350 hasn't' been touched as of yet. I would expect price to move UP from that zone. Although we are continuing in a sideways trend (neither a bearish nor bullish) Resistance is present at the 6480...