Price has left the weekly sell zone, broken the four hour trendline, and broke the first level of demand. It continued downward and pierced the second level of demand and retraced back to the first broken level which has now turned into a four hour supply zone that is nestled in the weekly supply sell zone. This looks like a good level for a short. If you want to...
Unlike the Aud/Cad pair, Price has entered into the weekly supply sell zone with strong momentum. The daily pivot high was broken. I would wait until there is a break of the four hour trendline before taking a short trade. This one will be on the radar for the week watching the hourly chart for a break of the trendline to see if momentum slows down and drops off.
I am expecting price to move back up into the weekly supply zone. I do not have the trendline on the four hour set up yet on this pair. I am watching the hourly chart to see how this behaves.
Price has created a weekly supply zone and is moving up blowing thru two supply zones making this an uptrend. It has some good momentum. It also broke the daily high pivot point. Price has not broken the four hour trendline. Long positions should be confident as long as the trendline does not get broken with a daily close under it.
Price is inching up to the weekly supply zone. It has entered a four hour supply zone and reaching the daily high pivot. The four hour trendline and 2 demand zones are marked. I am looking for price to break the trendline and take out the two supply zones.
Price entered and left the weekly demand zone. The four hour trendline has been broken along with the first four hour supply zone. This is screaming "Buy Me!!!"
There is a overlapping demand zone on the 2hr chart. A well defined supply zone. Trade follows the daily trend.
7/17/22 Hourly I am looking for price to come up to zone. There is two divergences on the RSI. 1. Price is higher and RSI is lower 2. Last high is a higher high on less RSI. Price is also coming back to a price level that priced dropped from for a retest on supply/demand zone. Also there is divergence on the price and volume. Higher high on lower volume. (...
7/17/22 Hourly I am looking for price to come up to zone. There is two divergences on the RSI. 1. Price is higher and RSI is lower 2. Last high is a higher high on less RSI. Price is also coming back to a price level that priced dropped from for a retest on supply/demand zone. Also there is divergence on the price and volume. Higher high on lower volume. (...