Hi guys, Today I have BTC for you. Since last week btc has been trapped underneath a supply area and has not been able to break through it. In terms of short trades there is a supply area around 35607 level which could drive the price down should it get there. Then if you want to go long you have to wait for the price to get to the demand area at the bottom...
Hi Guys, I'm back with another analysis on gold. In my last idea I highlighted a supply area around 2002 and a demand area around 1979 which price reacted to both of them perfectly and ultimate result was a substantial profit. Now pretty much same levels reside on my chart and second reaction to these levels could be expected should price reach them. Today as the...
Hi guys, I'm back with another analysis on gold. So let's dive in. So currently price is trapped below 1991 level which is the broken support and has already been tested once. Should price break through the level I would expect it to rise back to supply level around 2001. There with enough sell side participants market could drive down. If market begins selling...
Hi guys, In this analysis I will be covering USDCAD. LEVEL 1.3891 has been acting as a resistance and price has already tapped into it multiple times. Should price begin selling off from this level, The first demand level would be 1.3832 and the one after that would be 1.3804. One other scenario is that price breaks through the immediate resistance with a fake...
Hi guys, I'm back with this week first analysis. As always I'm gonna keep things simple. So price did react to my sell zone on last Friday and started selling off, currently price is reacting to the broken resistance(1992) which has turned into support level. I have multiple demand levels, the immediate one is around 1982-1980 which I wait for price to reach...
Hi guys, This time I'll be covering EURUSD. SO currently price has tapped into our supply area which is around 1.0674-1.0694 and is selling off. Should selling continue I would expect the price to decline to 1.0623 which is the broken resistance level. Then below our support level we have a demand area which has been tested once and it could be worth trying it for...
Hi guys I'm back updating my gold scenario. In my yesterday analysis, I highlighted area 1954 as a supply level , being tested multiple times was broken during Mr. Powell speech. leaving us with only one immediate area ,1978 as a supply zone. But since underlying fundamentals are bullish I need to confirm my entry in lower time frames to go short otherwise it's...
Hi Guys, I'm going to update my analysis on gold. Yesterday after touching our demand level at 1964 price rallied up more than 200 PIPS which was absolutely amazing. Now today I'm back with new setups. Area 1979 - 1977 is an fresh area which has not been touched yet so price could react to it and give us a good trade. If price passes through that next area...
Hi guys, I'm back with another gold analysis. Price yesterday surged from the 1954 demand area(in last analysis) all the way to 1976 which exist a supply zone. Currently price has been under the 1976 supply area and has tested it multiple times already. If you pay a close attention there is a hidden demand area "1970-1968" which is only evident in lower time...
Hi guys. This time I'll be looking into NZDUSD. The Currency has been rallying up since yesterday and today reached our supply area for the second time. Last reaction to the zone was considerably good and this time could same happen. In addition to the supply area we have the broken support which turned into resistance. So with these clues going short it's...
Hi Guys, I'm back with another analysis on gold, In my previous analysis I had 1972 area as a buy zone which this morning reaction happened and on it's way back, area was breached leading to a hidden demand area at 1964 which indeed considerable reaction happened there. Second time coming back there you could take a trade provided that lower time frame confirms...
Hi Guy, I'm back with another analysis on gold. Previous trading idea was indeed profitable and more than 100 pips was gained. So in this trading idea I have the 1947 area which has proved itself once on September 20th and today could give us a another chance to go short but as always check the lower time frame for secure entry. If market sells off I have...
Hi Guys I'm back with Analysis on Gold this time. Last Friday gold touched major supply zone around 1930 and started selling off. It was a perfect opportunity since we had a supply area + trendline, a perfect confluence. Now we could wait for the area to be tested second time and upon reaching there make sure you get the confirmation in lower time frames. Below...
Here are possible BTC trades which could be taken. At the extreme point we have an supply area which has been tested once and strong rejection is an indication of major sellers there. next time the price gets there we could take a short for the second run. Below the current market price we have multiple demand levels which could be potential places to go long....
A demand area was formed prior to breaking the last supply area. I've selected the base candle right on the lower edge of demand zone as an area to buy. * But bear in mind later today we have highly important news hitting dollar market which makes our analysis subject to the news *
Just above our Resistance level which has been tested multiple times already there you can see a supply area untested. we could wait for the price to get there and act in the following ways: 1. aggressively take a short trade upon price reaching our level 2. cautiously wait for reversal signal maybe a change of character in lower time frame upon reaching our entry
Will EURCHF react to the supply area??? Price broke the last hl prior to the huge sell off , which upon breaking created fresh supply area that might act as a selling point. How to enter ??? Risky entry : take the trade as soon as price hits your level. Safe entry : upon reaching your territory check lower time frame for any sort of reversal confirmation then...
Another example of QM setup has formed on 30 min timeframe. As always we could go two way about this trade, risky which means entering as soon as price hits our entry or confirmed which means looking deep into lower timeframe for reversal as soon as we price reaches our entry. ** Remember this is the second time price visiting our QM level so it involves some...