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Hi there, EURGBP is entering ideal sell zone. Strong resistance and reversal price action is most probably!
GOOD LUCK and take entry according to your balance.
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Prices are higher up and approaching many supply zones and there seems to be evidence of sellers in the markets, therefore, making it a high probability sell order.
Supply levels are stacked that means you have lots of sell orders at those levels, those who understand institutional order flow will use this to time entries. Those who scalp be very careful, use the higher time frames to understand where the price is going and where it has a great chance to turn.
UK OIL Trading idea
The price moved down so powerfully yesterday. Exchange rate showed that someones want to move the price down.
I think it is better to wait when the price will make pull beak up to mirror level $76.32. Near that level will be the best place to open Short position.
S/L: $77.75
T/P: 72.20
NZSDUSD weekly supply level in control, a void to be filled room to weekly demand lower around 0.6885. Shorts at new supply zones on your entry timeframe
Weekly:
Demand Level around 3657-4664 - Rating of 5.5/8
Supply Level around 8809-9954 - Rating 5.5/8
Daily:
Demand level around 4699-4883 - Rating of 7/8
Supply Level around - 9025 - 9444 - Rating of 3.5/8
Supply level around - 9602 - 9937 - Rating of 3.5/8
Supply Level around - 11006-11689 - Rating of 7/8
Who knows if the "bottom" is in yet. However, there ...
Hey traders. Displayed clearly is a descending Wedge with a risk/reward of 1:5 as Audcad rests just above weekly support at 0.96000. Corrective structure seems to be near completion pressing upwards nearing the Descending Resistence Trendline. There seems to be more conluence as the bullish flag becomes more clear, I will be anticipating this to be a scale ...
AUDUSD has been trading within an 8-week range between 0.75 and 0.73.
The price has rebounded off from a bottom of a symmetrical triangle and price has returned to 0.74.
Thus within this particular range, any price within 0.75 - 0.74 will give an opportunity to sell.
Wait for the price to retrace a little higher into the supply zone, nearer to the top of the ...
Weekly : Price in the high demand Curve
Daily : Trend is down
4H :Price in the fresh demand zone..and the price in the level on the top of levels.some times fist level be violated. 2nd level will be respect to demand zone
