Last time price came to this zone we saw strong rejection from this zone to the upside and now price re testing that zone so it's a great opportunity for going long.
My previews trade / idea based on this supply zone hate the TP and it's my second trade / idea based on this zone, It's 4th time that price testing this zone and the probability of breaking out is also higher than previews tests because the more a zone tested the weaker it will be! so by considering all of this we retry to trade this supply zone but I recommend...
GBP news sent GBPUSD to it's key demand level and now it's a great opportunity for going long.
GBPJPY is in a long term up trend and shorting it will have a big risk but price came to key supply level on daily chart so I'm going to short it based on my supply / demand strategy and also the R:R of this trade is 1:5! I highlighted the SL, Entry, Break even and take profit levels but you may changed them based on your own risk management system.
Price came to very clear and strong supply zone and it's yelling for me to short it!
GBPUSD came to it's supply area and shorting from this area will allow us to catch high reward by getting very low risk. I identified Stop loss, break even and take profit levels on chart.
AUDUSD didn't breakout the range and because of RBA Rate Statement it came back to it's supply zone, Now I'm going to sell it from this zone and target the low of ranging area the demand zone.
NZDCAD is rallying toward it's supply zone and it's giving us a good opportunity to place a sell limit order on that zone, If this trade triggered it will give us very good Risk:Reward ratio so don't miss this opportunity.
Trend traders may lost some pips on USDCAD because of it's big pullback on H4 but on daily the trend is looking great and now it's time to go long on it for getting the next move of USDCAD for making a new higher high.
GBPCAD is trading for few days in a tight range with clear supply/demand areas, It's my second trade on this range and the price came back to it's demand area so I'm going long the R:R of this trade is very good.
AUDUSD is in a very strong downtrend and it's second time that it's breaking out the ranging areas so based on that downtrend we are going to short this pair after this small pullback.
USDCAD uptrend is really one of the best and strongest trends in market so going long and riding it will be one of the best trades for trend followers like me and you. Let's focus on trade, USDCAD was in pullback and now the small counter trend move almost finished so the probability of making a new high is high.
GBPCAD is on a ranging area for few days this range is very small and the probability of breaking out and resuming the uptrend is high so buying low of this area will be best option for trend traders.
NZDUSD pullback may end here because the bullish momentum is really weak and based on my system we got a bearish closed Heiken Ashi candle.
After counter trend move of NZD pairs now we are going back to resume the trend so the pullback is finished and now it's time to short again this pair.
My breakout trade didn't triggered on NZDJPY so now we are going to trade the pullback, NZD got some strength and now we are seeing counter trend moves on all NZD pairs. This pullback may end here because the bullish momentum become too much weak and also based on my system we have a bearish closed Heiken Ashi candle that show end of pullback for me.
EURNZD came to it's demand area and I was just waiting for decreasing of bearish momentum now it's time to go long on this pair.
USDCAD is still in tight range area and we will breakout this range soon so based on the direction of trend having a buy stop order above the ranging area will be the best option with highest probability. If the breakout didn't occurred trade the pullback.