Hey guys its been a while for a post but here is a interesting opportunity on EURCHF. With price in a Weekly downtrend and price is back into weekly supply we are looking at the next move down. im personally looking for shorts at this level.
looking at the structure of the swiss, selling might not be the best option right now. with price very low into the squeeze and price in weekly demand (tested) might see a stronger swiss over the next bit on the higher time frames. its important to know who is taking the opposite side your your trade.
we broke the range ive been talking about for the past couple months. the daily demand that was holding price has now broken.
we still remain at the bottom of the monthly demand so this daily demand is the last defense. with price at tested monthly with downward pressure im thinking of price we respect the demand for a bit b4 we get that last push down.
here we are looking the daily chart of silver. all markets have been going up over the past 3 weeks. lots of FOMO coming into the market now.
here we have a daily uptrend looking for pullbacks to join the trend up.... no need to fight the trend. Buying will stop once we hit daily supply, in that case i will look for short term shorts in that area.
looking here at xauusd (gold) daily chart. price has now hit daily supply, we can see the sellers are taking control and now looking for shorts.
short bias until price hits any of the daily demand then ill be looking for short term buys.
these levels on the daily chart i have drawn out are levels i have across the dow30/nasdaq/us500 indexes. with price where its at now,
short term income day trades and swing positions are available at these locations.
If we do break higher then i will be bullish till we hit our next supply levels at 2888 area and 2925 area
picture of the daily chart, buy low sell high, look at the story behind the chart....what are the candles saying.
i cant trade copper but this is what i would be looking at. buy low sell high and play it on the smaller timeframes.
looking here at the daily chart of BTCUSD, looking at day trades for income when price is at daily supply and day trades buys at daily demand.
analysis based on supply and demand and where the whales are buying and selling. not all their orders have been filled, so when price comes back to these levels i will be looking to buy and sell on smaller time frames.
here looking at wtiusd daily chart we have a weak head and shoulders pattern forming with a support and resistance line at 54.6 but i also added a supply and demand levels to the mix of where price might turn at and where i will be looking for buys.