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!
Currently looking at the small reaction price had on the supply level, but considering the strong bullish movement, I would expect price to go higher and have a better reaction at the next supply level.
Currently waiting for a possible bounce at the supply level, but considering the strong bullish move, I might expect a reaction on the next supply level.
Good luck to everyone ang good trading!
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...
**NT** Trouble breaking through the high. I'm skipping this trade. This is a late aggressive C entry for a long. The expectation is that EURAUD will complete an ABCD pattern right into an area of supply/demand.
**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
This is my Gold Supply & Demand Zone Trading off a Daily chart.
This set-up mirrors the E/U S & D Daily chart that I posted.
The Supply Zone also matched up with the 50%-61.8% Fib zone. So I have no worries but that zone, but the Demand Zone not too sure about. The long wick in that zone gives me a little reassurance that the zone will hold for at least one...
Decided to set-up this trade while I am waiting on my 4HR A/U trade to trigger.
Trading off of the 1HR. Entry is @ 9360 TrigerLine but price may only reach 9356.
The Supply Zone is also confirmed by the 50% - 61.8% Fib zone.
EURJPY Zone Trading.
1. I missed the the first Demand Zone TriggerLine by being away from the charts and not setting a pending order to go long @ 140.20
2. I did manage to catch the the touch to the Supply Zone 1 TriggerLine to short @ 141.40. I closed the trade @ 140.80
3. Once again I missed another trade. Price ran up and touched the Supply Zone 1...
