BAC pushing up into zone. Looking to follow this one this week and see if we get rejected. FEDs will be a catalyst. Might wait til wed after announcement unless solid tell is present. Love the options chains and liquidity on this stock!
Earlier today I published analysis on the daily chart for this pair. After looking into it, I may enter on the 1 hour if there's a close below the 1.1016 area (dashed line), and try to ride it down to the green demand zone. Once it gets to the recent low area, I will start to really watch it and tighten my SL, as it could reverse in here as well ... You never know!
Thank you for checking out my Trade Idea on this Pair!
Very Strong Supply Zone on Hourly Time Frame
Set S/L Just above swing High and Target One is @ 1:1
Target Two is roughly 2:1 for now will be adjusted after TP1 is Acheived
Follow me if you are interested in more Trade Set-ups Using my Supply/Demand Price Action Zoning
Looking at the H4 chart we see rejection at the same mark as a previous H4 swing high, resting just above this level is a major Daily zone of which we have also tapped and shot out of. I will now be looking for reason to enter short positions into this trade!
THIS PAIR HAS HAD A VERY IMPULSIVE MOVE DOWN HERE ON THE DAYLY CHART. FX:AUDCADTHIS MOVE BROKE BELOW A LEVEL OF SUPPORT THAT HAVE BEEN TESTED MULTIPLE TIMES, AND I WILL BE WAITING FOR A POSSIBLE ENRTY FROM THIS AREA
We are seeing that currently, we placed our fresh major supply and demand zones in our trading pair AUDNZD , It has yet tp be breached with price and hence we have an untouched zone, deemed worthy of being a confirmation for a reversal since our extension area. We are currently in a nuetral position with this trading pair and we are looking to go either long or...
Classic Sell for Gold
Now what we see here is COMPRESSION INTO DEMAND. So we see buyers keep buying until price reaches too high for buyers to buy and sellers come into the market.
On the 28th of Feb, we saw Gold begin its decline and that is where price is heading to now before it meets its demise and fall once again.
Risk to Reward ~6
In my humble opinion,...