sdtrader

sdtrader

Price have been trending up, albeit in a choppy fashion. Near demand level. Potential 2:1 RR target former demand turn supply area.

sdtrader Updated 

strong buying activity seen at the area of resistance turn support. making multiple rallies. A compressing triangle may signal upside if breakout occurs. for now, short term target is to the nearest sell zone denoted by the green box on the right side of the chart. stop loss at below demand levels.

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Sterling felt oversold on recent scottish independence news. In fact, price seems to be reacting favourable at the current levels, with seemingly higher lows and taking out minor supplies. A potential for long, with a stretch target of 1.75000, stop right below the recent low.

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price on a downtrend, however, a mini demand zone seems to have formed, countering the nearby supply level (midline). potential 1:1 trade for a short term retracement long.

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after a significant rally, GBPJPY may be showing some sign of supply level. A possible short term target aiming for the prior resistance turn support area.

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potential counter trend trade for short term scalp, small demand zone in the area. first target: mid line of 20 period donchian, 2nd target support turn resistance zone.

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after a good run up from AUD strength after RBA became less dovish in their latest RBA minutes, there seem to be some weakness in the following pair once again Price seem to be stuck in a range between a demand and supply zone. A break of either of these zone is required in order to play potential longs or shorts from the origin. my bias is however, a short on...

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Potential CADJPY demand area after a strong rally from the same area.

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supply zone formed on M15 as price drops below previous swing low. short opportunity with 1.5:1 RR

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AUDUSD fell into a small consolidation zone that may be a small demand. A short term long, target the previous swing low assuming support turn resistance concept. 1:1 RR

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Price made a sudden down move after a period of consolidation. Potential sellers there. Wait for retracement into the zone for a short position.

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Classical Supply Zone on a Drop-Base-Drop pattern (continuation pattern) TP near ZigZag Wave line in Blue

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A potential supply zone on the H1. However, this could be a weak supply zone. May enter with a smaller position. Edit: moved to breakeven

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Having reacted to a previous turn/supply level indicated by the red rectangle, prices fell hard from the area last friday. There might be an opportunity for another short in that area to take advantage of heavy supply as prices climb back into the zone.

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Potential long demand area. Edit 1: Move SL to below recent swing low and wait for TP

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Sell zone & immediate resistance above may signify a potential short on the pair.

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Potential supply zone on the EURAUD pair. An area of congestion and indecision before a fall (movement seems to be news event driven) May see some downside

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Potential Demand Zones on XAGUSD soon. Stop loss levels below the demand zones in blue rectangle