Important areas of supply and demand based on price action
AMC at a point of decision. Breaking $6.50 and dragon pattern near confirmed. Targets reaching as far as $10. From here overall channel outbreak and would not be inclined to stop there. Support at $6, then $5.8. Which would lead to nasty H&S dropping towards $4-$5 area.
Few USD pairs to watch out for the next few days and weeks. Remember the difference between having a bias, and confirmation for entry. We can have a bias of a possible pair, but do not enter trades unless they are confirmed by price action. DXY EURUSD USDCAD AUDUSD GBPUSD
Hello traders: Looking at USDCAD here on the higher time frame, I cant help but point out the bullish price action in nature. The overall structure looks clean from the bullish move up, and a larger correction, with multiple swing highs and lows, forming the correctional structure you see right now. From last year, during September 2022, we see a strong...
On GBPJPY, we can expect more bearish price action to confirm the downside. What I like about the price action is we have ascending channel reversal, within the larger correction that is correcting the previous bearish impulse phase. We can see price has already started ts bearish move from the top of structure, and has already formed a continuation correction...
On the chart, we see a double bottom that holds its support. We are therefore ready for an entry at current level. Take profit and target are shown on the chart. Good luck!
Waiting For Breakout for tomorrow Intraday Nse Powergrid 1D
CAD - Trade idea! Another week, another trade opportunity! USDCAD - Very clear levels. Currently we are within the ranges. Highs: 1.36600 Lows: 1.35375 A break of key resistance highs, we could go towards 1.37730 areas. However, we if break below the lows and further down below 200 EMA I expect it to reach towards 1.34380. Keep in mind false breaks out,...
If history repeats itself... 1. Upcoming +50% 3month rally more or less 2. Recession is officially here and -20% from previous lows 3. Rally again hard to >+100% 4. Double bottom 5. New bull market begins Look First / Then Leap
this is my idea! it is self explained! any comments and suggestions are appreciated! learning everyday is a blessing in this market! let's go!
in the past this has moved up with shib but I cant help noticing that it's acting like a 3 x leveraged version of shib right now , the charts are pretty much the same to look at from the lows up, but this has made 130% compared to shibs 40% so i think it could be good in terms of % gains in the short term, Probably because it went a lot deeper on its retrace ....
EURSGD - Break out...Coming soon! EURSGD - Technically it's brewing for break out to either direction. We are currently within the ranges of Highs: 1.44965 Lows: 1.41187 If we are to break the lows, expect the recently low areas of 1.37625 to be target areas. If we are to break the hight, expect the the two key resistance areas to be tested and to be target...
From a technical point of view, the trend is bullish on hourly chart, so it could be interesting to look for a potential corrective structure that we could use to try to take a long position. The downside is that we don't have extended historicity and that makes the setup high risk, so logic tells us to use a small size. ATLAS TECHNICAL CONSULTANTS ($ATCX) -...
Hi guys We want to check the trend of CHFJPY in Forex and for the new week. As it seems this week is a bearish week for CHFJPY. Of course, it is possible to increase up to 146,206 euros. However, the closing price of the market is moving in a rising channel in 1-hour and 4-hour and the general trend is bullish. These drops will continue until 142.238. This...
Hi guys!" USDCAD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I...
The movements of the last few waves have been such that a head and shoulders pattern may be created. The last few candles have signs of a price reversal and it seems that the second shoulder has formed. Of course, we should wait until the pattern is completed and then make better decisions, although now is not a bad position to sell to the bottom of the pattern.
i thought i would share my latest idea based on that dump we just had. I see a diamond pattern here. BTC already broke out and retested, but now has broken out of its pattern and dumped back down . So i changed my anlysis and spotted this diamond So either pump through the low volume gap (blue box) take out the red vectors OR dump hard and grab the...
Hello Traders! Welcome back to another trade with analyst Aadil1000x. Previously we bought BTC from 22734 and were holding it for good profit but the market situation is changing and bears want to take control. This post is all about the next move of the BTC. Once BTC completes this move we will analyze the next few steps. After this move, some tricky phases...