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...
**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.
Long term play here. Daily Chart.
AU is already close to the Supply Zone. If price hits the Supply Zone TriggerLine @ 0.9475 then I will short AU.
I still have a Demand Zone in place with a TiggerLine to go long @ 0.9250
