We are rejecting at a key level of support which also happens to be an important resistance level as well
We are in a level of demand. I'm anticipating price to bounce here from this demand zone. We have a 1:3 R:R for this set up
We have a buy limit set from a key demand area. This is a fresh demand area and we also have a wick further validating the key demand area.
We have an area of supply that is unmitigated. I believe we will have a bear trap and price will rise into the key area of supply before going short. Once we get into the area of supply we will base our entry off of price action for more confirmation. We will have a high R:R as always.
If you go down to a smaller timeframe you'll see an indecision blue candle giving us a valid and unmitigated supply zone . Price may rise a little higher to take out stop losses. Therefore as always we will enter based off price action on the 5m TF for a more precise entry.
Across multiple pairs we have fair value gaps we are going to need to be filled. I have highlighted this fair value gap in yellow.
Next week I am expecting to see price rally to the unmitigated supply zone and continue the down trend from there
We have reached a key level of supply. I will be looking to short this with a 1:4 R:R
We have some rejection in a key supply zone. We will be looking for a short opportunity here based off price action
We have had a hard rejection creating a huge wick into our most recent supply zone. This will be a high R:R opportunity
Trade is based off the 5m TF. We have a short set up with a 1:2 R:R
We have a double tap on the 5m TF hinting to us this should be a long position
Trade is based off the 5m TF. We are getting a nice bounce with a wick/ Telling us buyers are stepping in. I like our set up here with a 1:2 R:R
Price is rejecting at a key level here. We will play this trade by comfirming with price action. If the candle remains bullish with a large wick on top or an engulfing pattern occurs we can take this trade set up.
Expecting a bounce for the dollar from the golden zone on the fibb
Price is respecting this key level. We are showing some bullish momentum. like a long set up here with a 1:2 R:R
Expecting price to dip a little further for a buying set up. Price will most likely at least hit the red dashed line because that is a significant volume profile level where price has traded a lot in the past.
Price has been moving nicely to the downside here. We have had some deep retracements but have steadily moved short. I will look for continuation short from blue zone drawn on the chart