Reasons to sell:
- Departing from daily supply zone
- Up trend line broken by newly formed supply zone
- 4hr demand zone has been re-tested multiple times (4) and unlikely to hold
- Favourable risk to reward ratio to next demand zone
Price has touched a weekly demand zone and bounced higher. You will see the wick has perfectly respected the demand zone on the weekly chart.
Following our higher time frame analysis, we should expect price to continue to push higher from the weekly demand zone. If price can break through the daily supply zone ...
Price has perfectly touched a weekly supply zone and starting to move lower.
With this in mind, we are only interested in selling. The odds of a move lower are increased as newly formed supply zones have broken the 4hr up trend line.
If/when price re-tests the supply zones highlighted on the 1hr chart this week, ...
2 x potential short set ups if price can pull back into the two supply zones highlighted in red.
On the larger time frames, price has just touched the weekly supply zone and therefore we are looking for sell opportunities only in this market until at least until we see lower time frame supply zones been taken ...
On the daily charts we have 2 demand zones stacked above each other and therefore only interested in buy opportunities.
IF the first demand zone can hold, buying here will offer a very favorable risk/reward back up to the daily supply zone.
Conventional traders will be looking for the break and close above the ...
Price is approaching a daily supply zone and therefore are only interesting in sell trades.
Currently, price is testing a 4hr supply zone and could be a great area to short back down to a lower demand zone. If price pushes up higher we will look for another supply zone on a smaller time frame to get involved and ...
EURAUD has been respecting demand zones and therefore we want to be looking at buy positions only. The last time price was around the 1.54176 area price moved up strongly suggest this is a cheap price to buy the Euro.
If price breaks through this demand zone and the 4hr trend line we will re-assess.
Waiting for price confirmation within either 1hr demand zone that has recently formed on the AUDUSD.
Break of a 1hr trend line added confluence and short term correction may be taking place.
Looking for price to bounce and re-test the supply zone at 0.70784.
The 4hr trend line has been broken suggesting that the recent daily uptrend may be set to continue.
Positioning longs from these two demand zones offer excellent risk to reward trades back up to the supply zone highlighted in red.
Looking for price to bounce off either of these two zones and move higher at least to the supply zone in red.
Of course, this will depend on the open tomorrow which could invalidate these opportunities.