Fresh supply appears on the 4H timeframe, providing a great level to sell this stock with stops above previous supply level (has not been taken) and target at previous demand (96.14).
Limit sell order at 30min supply level (1.1171 - 1.1177) with stops above the next 4H supply level (1.1189 - 1.12094) and targets at next fresh demand on the 30min (1.10624 - 1.10749). Reasons for getting into this trade: 1) Strong departure from 30min supply level and it's fresh. 2) Price is close to daily supply and just between a cluster of two 4H supply...
A nice opportunity to buy this pair has arisen, as the DXY is hitting a daily supply level and on the AUDUSD pair, we see price has just hit a daily demand, a 240 min demand and 30 min demand levels at the same time. So, is a very high probability trade but we can always wait for a confirmation (RSI divergence, RSI overbought/oversold, double bottom, doji canddle,...
This pair is resting at a weekly demand level, however is not a fresh level and price seems to be piercing through the level. In the 4H timeframe there is a fresh level above (1.27220 - 1.27628) that, in the case of a broken weekly demand level, could be the entry level for joining the downtrend until price reach next daily fresh demand (1.24637 - 1.26252). So,...
This pair has been droping strongly, leaving behind beautiful supply levels to short when price retraces. Good luck everyone!!!
Long at the "double bottom" (according to my rules, this does not apply as a double bottom), and the RSI divergence, I go long with target at nearest supply level (0.89302 - 0.89392). That level had a very strong departure, giving an initial RR of 3:1, so good opportunity there as well. Good luck!!
I'll be paying a lot of attention to this levels tomorrow, as they seem to be very good and might give an amazing RR. Good luck!
Very nice looking levels at: +Supply (fresh): 97.343 - 97.450 +Demand (fresh): 96.876 - 96.979 Good luck everyone!!
Good departure from level, so we might expect a good reaction from it as there is at least a 3:1 RR so far.
Two important demand levels to watch on this pair, specially because there is no fresh supply levels near current price, so we might expect a big reaction on this levels.
Currently watching a very nice looking supply level between 1.30024 - 1.30398, waiting to get short from the first visit to the level. Price could easily fall to the 1.2884 area (nearest demand, although not fresh).
Looking where is the supply/demand curve is this index could help increase your odds when trading levels on USD related pairs. Let's see how this works during the week. Good luck everyone!
Found a very nice supply level between 1.29374 - 1.29400 with great departure and not any fresh demand so far. At least I'm expecting a 3:1 or even 4:1 RR.
Short term demand levels. The one I am interested is the level between 1.6157 - 1.6175, because it had a very nice departure and a RR of 2:1 for our initial target. Good luck!
A fresh supply level just formed and price has a free way to the down side as no significant or fresh demand levels are in place. A good opportunity here!!
Looking right now at the supply level between 0.82487 - 0.82523, as the departure from the level broke previous demand levels, so I'm looking to go short here with at least 2:1 target for profit, just at the most recent resistance level that now should become support.
Looking on the daily chart, I notice that price closed with a doji candle right at a demand level and with extreme oversold condition (13) on the RSI. Because of this, I took a long position with target at the weekly supply level beginning at 1.6535. Seems like the odds are on the bulls side, but we will have to wait until next week to see if this level will...
Price is now retesting a level of support in which we saw a lot of buying pressure in the long wicks in candles, so I'm thinking about buying here with targets on the 0.8380 - 0.8385 area. There is also divergence on the RSI on the 1H and 4H timeframe. Good luck!