Great moves on AUDUSD yesterday. The price went down from the h4 Supply Zone. It also created a new Supply Zone. We can expect that the price will go up again to the Supply Zone. Afterwards I expect a drop down to the Demand Zone.
If we are at the Demand Zone the price could push higher, but also had the opportunity to break it. Remember we are...
I marked the most important Zones on the chart. We got here a nice short setup. Price pushed down from the Supply Zone. I am waiting right now for price to go a little up and then to short USDCAD with Price Action Signal. This is the Trading Idea for USDCAD
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In...
Hello Traders !
We got 2 possible setups on EURJPY. We can buy it and short it. We will need to see how the market will open and to see if we are going to push again down to the Demand Zone. If we will do so then we can buy from there. Otherwise we have the opportunity to short it from the Supply Zone. Watch Price Action in order to trade with confirmation and...
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What is the DXY?
It is an index of the value of the United States dollar relative to a basket of foreign currencies. The Index goes up when the U.S. dollar gains strength (value) compared to other currencies.
Why do we need to analyze it?
Actually I like to have a look on the DXY because of the Correlation. So the DXY is nice to use when we are...
In this video i breakdown what i see on oil. I view oil as being completely weak especially with the effects from corona virus that have impacted the demand side of the commodity. At the moment even though the pair is weak which could be viewed as cheap for investor to buy based of value trading most of smart money will likely stay away from the...
Hello Traders !
2 possible scenarios for EURUSD. Watch Price Action for final Confirmation.
Let me know your view on EURUSD and what you think about my Analysis.
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Thank you and we will see next time
On this occasion, I tried to express my idea to analyze GBPAUD. By using the trend line and the law of demand and supply, we get that the direction of trade in GBPAUD has the potential to decline. However, if we want to take transactions when the decline is, we only have a small profit range, but the risk is very large. So, I prefer to place price orders, in the...
- After a decent move up, price is clearly finding resistance at the 200ma
- Bulls attempted 3 times but have so far failed (although volume is low)
- Will look to enter on any attempt to move up and target the retracement levels
I want to introduce you this idea.
I was looking for a PA reaction from the same L/S ratio setup, and got this surprise.
I think it's really accurate and deserves to be shared, even if it fails horrible.
Of course this is not a financial advice, and it might get invalidated if BTC breaks 7.5k with a full body candle on daily chart, or breaks 4k on the...
Price is currently stuck in a zone.
But what's exciting is the big bearish harmonic that has formed from price respecting the monthly SR at 126.053.
So is this a signal of the uptick ending or is it just a retracement for the continuation?
My suspicions is that this current bullish run is just a large flag formation until price is ready to continue down. But...
Bitcoin will break it's current resistance level if it closes today above our current resistance level at $11,379.
Next resistance level thereafter will be $16,947.4.
RSI still has room for growth.
A lot of buying volume since start of Feb (albeit low)
Red: Resistance, Green: Support, Intensity = strength
2.Support broken resistance validated
3.Strong drop from 2750.17
4.Counter trend Trading
5.Profit margin 1:4
previous trade was too low in the curve, profit margin has increased.