Looking for bullish PA at the zone marked. I see this going to 1.60 before any real selling pressure comes in. The daily trend line is crazy, lets see if we get anything good here, if not there are good levels below which may also bring that trendline into play.
EG is coming to a weekly level of demand which also holds 61.8% Fib from 08/09. It will also be a big double bottom possibly so I will look for bullish divergence nearer the time. This could also be seen as a big bull flag. Even as it is the RR is good with a 1:3 minimum if you take it to the first fresh supply level but potentially this could go much further,...
These are the levels i'll watch for PA. I have had an order waiting at 172.5 but yesterday bounced 173 more or less to the pip so lets see what happens. Might look at the zone below as risk trades are giving JPY strength.
Let's see if this trade plays out. It's still a long way for the pattern to complete and might get invalidated, but if it does, it will complete just at the entry level of a Supply zone at 102.090, so it would be a great opportunity to get short.
Here are some possibilities to trade off in the EURUSD pair:
1) Blue Gartley completion at 1.36250
2) Orange Bat completion at 1.35578
3) Supply level at 1.36300 (big round number as well)
I'm not convinced right now with these patterns as they lack strong structure at the completion point D. I mean, there is a bit of structure, but I would prefer to see how...
There is a Bat pattern forming right now in the USDJPY pair. If it completes at around 102.276, targets could be at:
TP1: 102.068
TP2: 101.939 (be aware of the demand level above)
There are also two demand levels below current price, although I'm only interested in the lower one, as price left that level with strength, so there might be a lot of buying orders...
I would expect price to break the small demand zone and structure level to the downside to reach the demand zone labeled as 1, go long there, take some profits and then wait for a reaction on the previous broken demand level to continue lower.
Let's see if it works!
Here are two zones that could make the price bounce for quick pips!
A very big supply zone (gladly this is a 5 min chart, so not so many pips) above and a really strong support zone below. Let's see what happens...
AUD/USD 4HR SupplyZone Trading - Short
This is trade I am watching for the AU. I know the chart is a 4HR but the Supply Zone was picked from the 1HR Chart.
Looking to short at the TriggerLine @ .9330 with a 1:1 RR for 50pips
This SupplyZone is between the 50% & 61.8% Fib levels and I did some research on the web and found out there are possible institutional...
EurUsd is at interesting level at the moment. Price is supported by wedge at the end of last week. As far as price action is concerned, it seems like one more last swing to north can happen here if price decides to do so. There is no absolute clarity on what price will do here, I mean it can decide to break wedge from here & it can also rally again to test the...
As i have labeled in the chart, AAPL has broken out of its triangle formation and is pushing higher to the next SupDem level. It's important to note that this is a MINOR supdem level and that it has already been tested once already on 2013-12-05, so the chance of it bouncing off that zone AFTER breaking out of a triangle pattern is very slim.
I am predicting...
**BET** The light grey box shows an excellent area to be short from in EURUSD. Price might just not reach this area in time for my target, but I have an eye out for this trade
**BET** A pretty strong level of support has been broken and it has been broken with conviction. A break past point B of a bat pattern and a retracement back into what was before a strong level of supply/demand is signaling me to go short. I like this play set up very much, let's see if it plays out.
