Looking to take advantage of small profits from the demand levels below, however, we are currently in the middle of the Daily curve, so we should be cautious with either taking supply or demand levels. The supply level at 1.1316 has not been taken out yet, however, there is some divergence from oscillators so I expect price to touch the demand levels below...
It could happen to anyone.. being caught in an exponential curve move to the upside. Many emotions are to be felt. The wise will always understand in which zone they are and act accordingly.
Suicide zone dip looks like be current support level zone. Now we are back in Hodl land.
Ok ... So i Have the zones and places where price can bounce.
Apologies if I don't have much detail but this is where I see things going for the end of the month.
Like it if you Like
Subscribe if you want to subscribe
And let's keep killing it Lions!
We were in an uptrend (red trendline )
which we broke and now acts as a resistance level
Again we were in an uptrend (orange line) ..again broken acting now as resistance
We also have a descending triangle which is about to break
and a DOUBLE TOP pattern (still neckline not broken)
We have a triple top (at the above green zone)...
Currently price is approaching a nice supply level at 0.72263 with no clear and strong demand level below (besides that obvious spike). So short trades around that level on lower timeframe supply zones might be a great opportunity to join the main trend of the market. Targets could be all the way down to the most recent support level around 0.7055.
Good trading everyone!!
There is a really nice Supply level above current price at 1.3108 to get in the direction of the Daily trend (bearish). Stops could be just above the level and there are several take profit levels for 2R, 3R and 4R trades.
Good trading to everyone!
Price is currently in a downtrend on the Daily timeframe, shown by the lower highs and lower lows. Also, price has bounced from the Supply level at 1.33773 and is in the middle of the curve until the next Demand level below at 1.28453.
We could take a look at lower timeframes and find supply zones to take short trades, as the odds are on that side.
This pair is currently trading in the middle of the Supply and Demand curve on the Daily timeframe. Based on structure, the bias is bearish, however, the Demand zone at 1.1195 is in control, so overall entries on lower timeframes should be cautiously bearish. Let's see how this pair develops for the rest of the week. If price manages to go higher in the curve, I...
We are in an impulsive move after the retracement of an uptrend
We have an inverted H&S at a psychological level (112.00)
which is also a strong Sup/Rez zone
We can clearly see a couple of Shooting stars/Hanging man candlesticks
which mean that price is retesting the zone but never closing above it
So my view is that price will go down till Fib...
*-Downtrend with lower lows and lower highs
*-Downtrend is over after price entered the range making double tops
*-Waiting to see any candlestick pattern(Doji, shooting star, engulfing etc.) if the retest happens
I'm not gonna jump on this trade until I see a retest of the 0.67750 level. Then I'm shorting this pair until 0.67200 level is met
Join Kingstreet Forex Academy and be part of a family of Traders creating financial freedom through Forex. Gain access to free daily signals and webinars. We breakdown current market week after week giving you the best opportunities to generate an extra source of income through forex! t.me