I think the $6.2-$6.4k area is the top for this cycle now. I am looking to sell the area and will scale-in the area in two parts.
This supply zone has great confluence with the High Volume Node ( HVN ) and is technically the area where BTC broke down to the lows of $3k.
The target for this trade will be $5.1k and $4.1k. Might seem far off... But will see how...
I have a bearish bias on Bund, since it has hit monthly supply above.
On the daily, we have a new supply zone in purple with good confluence of a HVN. On the H4, a nice channel return to the daily supply zone.
If price goes above 167.595, I am wrong on this trade.
LTCBTC fails to show any signs of strength on the lower timeframe. Unless it shows bullish market structure, I think LTCBTC will retrace back to the lower demand zones.
Subsequently, we can use the LTCUSD chart as a proxy to determine which demand zone we can buy as there is a very clear structure on LTCUSD that is key for more longs.
AUDUSD approaching daily supply. Potential first-touch setup or a bull-trap setup. Either way, similar case on AUDJPY as well.
Decent confluence- PPZ in the supply zone, high volume node.
Tentative target would be the lows at 0.70528
USDCHF stair stepping its way to the highs of 1.01284
Bullish bias comes from engulfed supply and bearish price action was quickly reversed.
Any move towards demand zone at 0.99469 can be a buy if a bear-trap setup forms
While everyone is getting overly-ecstatic over BTC >$4k and alt-coins pumping, here's a setup I've been waiting for over 2 weeks now...
Perfect channel up to supply and a possible bear-trap setup. Targetting the lower demand zone
XRP already at the bottom of the 4H demand zone, doesn't look like it will hold either.
If zone breaks, looking at a 28.1% drop to the monthly demand zone (light grey), or a deeper drop into the weekly zone (dark grey) inside the monthly zone which represents a 43.6% drop.
XEM has returned to the demand zone as shown in the chart. However, a V-return to the zone is generally bearish.
Still, alt-coins are jumping around and the VPVR POC gives some good confluence with this demand zone. Risking a little lesser here