Having the USD index breaking a daily supply level, we might expect price to continue a bit higher, so I'm taking a look at the relevant demand zones in the USDJPY pair as we could have an opportunity to enter the uptrend. On the 30min chart, we have a demand level between 113.850 - 114.000, which is also a structure level (support) on the 4H timeframe and very...
There is no much to add. The blue areas may drive the price in the next weeks, so eventually some bargain might show up.
A nice opportunity to buy this pair has arisen, as the DXY is hitting a daily supply level and on the AUDUSD pair, we see price has just hit a daily demand, a 240 min demand and 30 min demand levels at the same time. So, is a very high probability trade but we can always wait for a confirmation (RSI divergence, RSI overbought/oversold, double bottom, doji canddle,...
This pair is resting at a weekly demand level, however is not a fresh level and price seems to be piercing through the level. In the 4H timeframe there is a fresh level above (1.27220 - 1.27628) that, in the case of a broken weekly demand level, could be the entry level for joining the downtrend until price reach next daily fresh demand (1.24637 - 1.26252). So,...
This pair has been droping strongly, leaving behind beautiful supply levels to short when price retraces. Good luck everyone!!!
Price has hit daily supply and made a move south already. There are clear green candles down below showing great profit potential so price could travel a few hundred pips from here. Price action on the smaller time frames will show the way.
Analysis based on price action and Supply/Demand rules.
USD still worth about a quarter any way you slice it...dollar back at the top, again, of what's closing in on a three year range. Will break out to the upside and if it does will it gain any value down at the consumers level. My view is that it is only more expensive but it's purchasing powere is weaker than ever. I'll remain neutral until I see an actual...
Very nice looking levels at: +Supply (fresh): 97.343 - 97.450 +Demand (fresh): 96.876 - 96.979 Good luck everyone!!
Currently watching a very nice looking supply level between 1.30024 - 1.30398, waiting to get short from the first visit to the level. Price could easily fall to the 1.2884 area (nearest demand, although not fresh).
S&P in another tight consolidation pretty much identical to the one highlighted below current price. The last one broke out to the upside and we got a nice retrace and bounce to where we are now. I remain neutral at this point until the breakout. The devil is in the details right. The lower zone gave us a good down day followed by two up days then another down...
Found a very nice supply level between 1.29374 - 1.29400 with great departure and not any fresh demand so far. At least I'm expecting a 3:1 or even 4:1 RR.
will it have a good drop? lets see. in it to win it
Looking right now at the supply level between 0.82487 - 0.82523, as the departure from the level broke previous demand levels, so I'm looking to go short here with at least 2:1 target for profit, just at the most recent resistance level that now should become support.
Looking on the daily chart, I notice that price closed with a doji candle right at a demand level and with extreme oversold condition (13) on the RSI. Because of this, I took a long position with target at the weekly supply level beginning at 1.6535. Seems like the odds are on the bulls side, but we will have to wait until next week to see if this level will...
Reasons: Near D Supply PA - engulfing candle - retest
EURUSD short term contra-trend scalp. Reasons: W and D demand EUR is heavily oversold USD index D supply GAP down H1 and H4 engulfing candles