Monthly:The price is getting selling pressure at around the monthly resistance area
Daily: there is a daily demand zone just below but we have a room to arrive there
H4:and it just created a H4 supply zone.
TP1: 1:1 Just before h4 candle tail
TP2: just before daily demand...
As price moves south, we know that sellers are loosing their steam and buyers become more willing to step in. In EUR/USD, we may be reaching that point soon.
We may see buyers steeping in at around 1.10578 and below.
We have a daily supply zone formed at 1.12168-1.11494. I would be a seller up in that zone only by confirming it on...
Turkish Lira aginst US Dollar has been running between the monthly demand zone (2.7974-2.5604) and monthly resistance area. As i expected, we had 2 nice reactions both from demand and resistance zones.
Soon after consuming either of the monthly areas, we may see an abrupt and impulsive move whichever zone breaks first, probable outcome being upwards. ...
We have tested monthly demand area (3.0824-2.8456) once and then, as we expected we got a nice selling reaction from monthly resistance area (3.4791-3.3764)
Right now, price aciton is telling us that we may break daily supply or weekly demand zone easily by virtue of spending too much time to form both of them. But yet, if price reaches weekly demand zone, i...
Es is very far away monthly demand zone (1959.25-1794.75) but inside of a weekly supply zone (2105.25-2079.75). However it just created a daily original demand zone at 2091.75-2073.50.
In these conditons, we are inside of a weekly zone where previously sellers had their strenght but the daily original demand zone may give us a difficulty going downard.
We are currently inside of the monthly suplpy zone. Because of that, buying opportunities may be risky aroudf here. One can take a confirmed buying opportunity inside of a daily demand zone (48.49-47.25) but only for a short-term purpose.
I want to be willing seller if daily chart gives us a selling opportunities. Otherwise, i will be thinking again buying...
On gold, we are inside of a monthly (1238.23-1205.49) and weekly (1243.13-1205.49) demand zones. There is also a daily supply zone formed just above us but this zone working out is low probability.
We have 2 alternatives that may happen here;
1- Red: We may go to lower timeframes and look for good buying opportunities right now and ride the price till daily supply...
Silver is trying to reach weekly and monthly demand zone below. By doing so, it has been creating several daily supply zones too. Each of them are good for selling opportunies.
We may again see sellers to emerge at around 16.541-16.210 daily supply zone.
In coming days, we may see some high probability buying opportunities for medium-term positions once we reach...
AUDUSD may give us a buying opportunity that can emerge once in every 2 or 3 years. After selling pressure and losing value for 5, two things happened at the same time:
1- We have seen Monthly Trendline reached and had a reaction upward fomr here.
2- Also, the price managed to break above 0.7385 level and has activated monthly demand zone(0.72425-0.68270)
MONTHLY: we are currently inside of a monthly demand and expecting a bounce from this zone
DAILY: the price is far away of a daily supply now, and it may want to test it
H4: it has just created a new H4 demand zone. Test of the zone should be a good buying opportunity
TP1: just before the H4 candle wick
TP2: trail the stop till just before...