The Kiwi (New Zealand Dollar) has been falling since April and looks like a possible reversal is at hand (against the Aussie). Price is now falling from a Day supply zone toward a Day demand zone below. The reward in this move, should it go through, is at least 2.5xRisk. Price needs to fall into the bottom yellow box first to make the move valid (as it is so...
The market consolidated here because there was "equilibrium" between sellers and buyers. When the buy orders were all filled in, prices fell strong from then on and never recovered. A sell in this area may see prices fall to what would be previous supply turned demand @218.50. EP: ~268.50 SL: ~272.00 TP: ~218.50
The gap up in price at 182.00p suggested a lot more willing buyers than sellers. Chances are, the next time prices drop back here, I expect a move back up the the 215.00p price area (depending on any new supply zones that form). EP: ~182.00 SL: ~177.00 TP: ~215.00 (>6.5:1 return)
This supply zone formed when prices fell sharply away from the 215.65p area, suggesting that there could be a potential resell at this point. With no new demand, a short sell to the previous demand, mid-way between the opposing supply and demand zones, gives you around 5.5:1 return. Because supply is in control, the trade might go even further to the 182.00p area...
This might look far away, but the fact that stocks gap on the market open, prices could rally up here in no time. Prices are only $2.00 away from the zone, and AAPL is a popular stock on the market. The sharp move away, including the gap down, shows that there were just no willing buyers to absorb the sellers in that price range. Price cannot seem to go above the...
Huge imbalance causes the prices to jump through to record highs in AAPL stock from 120 to 134 in the month of February. The move was strong and decisive. The supply in that area was exhausted, leaving unfilled buy orders, willing demand. The fact that price gaps away, means that a return is likely to be profitable. The $127 area is a good target to go for. This...
As this is not the best reversal zone, it is possible to see a small turnaround here. Prices fell strongly away from here the last time and could still hold enough to move the market down. This will be tied to Dollar demand as well. A target would be the mid-point between the opposing supply and demand zones, although, new demand zones could form. EP: ~1,460 SL:...
This has been labelled as dreamy by some. Some people say I am stupid for thinking that Gold will ever drop to $1,000 But I just work on the charts. As you can see, the price of Gold shot away from the $1,000 price range and never looked back. It doubled in price in the next two years. It has been gradually falling since then and is now close to the price range...
This shows that were a lot of unfilled sell orders in the market at that price range. This is true because prices wouldn't have fallen so quickly if this wasn't the case. Prices would continue to trade sideways. But they didn't, suggesting a seller biased imbalance. The downside to this zone is the amount of activity preceding the zone. But the reward of such...
This drop was amidst the RBNZ Interest rate revelation. This shows that were a lot of unfilled sell orders in the market at that price range. This is true because prices wouldn't have fallen so quickly if this wasn't the case. Prices would trade sideways. But they didn't, suggesting a seller biased inbalance. The downside to this zone is the amount of activity...
The zone is a 5-pip zone allowing you to get a return of about 15 pips. The strong push away from the area means there should be a turn lower in price the next time. This is again an income trade. This trade is far away from current price And could take a while. It is best to watch how price reacts in the coming days. EP: ~86.53 SL: ~86.58 TP: >86.38 (about...
Two fresh supply levels sit on top of each other. The first one is a 4-pip zone allowing you to get a return of about 15 pips. The strong push away from the area means there should be a turn lower in price the next time. This is again an income trade. EP: ~86.380 SL: ~86.420 TP: >86.230 (about 15 pips, ~4:1 return)
Two fresh supply levels sit on top of each other. The first one is a 4-pip zone allowing you to get a return of about 12 pips. The strong push away from the area means there should be a turn lower in price the next time. This is again an income trade. EP: ~86.330 SL: ~86.370 TP: >86.210 (about 12 pips, 3:1 return)
Despite the strong move away from this price area, a lot of price action has occurred in the area. Therefore, a 2:1 return is probably best. This is no more than income trade (to pay the bills). EP: ~86.070 SL: ~86.000 TP: >86.220 If you trade multiple positions, close some at 86.220 and let the rest run to ~86.320.
This is a good opportunity to earn a good return. The strong rally from 1.07 was due to the RBNZ Interest rate news. The negative news had a bullish effect on this pair, causing a 300+ pip rally. This rally is into an area where willing sellers overwhelmed demand. Chances are, another fall is likely here. The strong move up means there is no willing demand above...
Looking back, price has not traded here in a long time. There is no zone in that area in recent past meaning this is a very good zone. The only downside is that it happens to be 80 pips wide. But the fact that this is a strong area to sell is good enough reason to take this trade. Depending on arrival and the formation of new demand below, this zone should return...
This medium-term trade is good because it happened right at the beginning of the day. This means that there was a real stack of supply at that price that wasn't filled in. Prices moving back in that would give an opportunity to sell the Pound against the Swissie again. The problem with this zone is that it is merely a continuation of the down move beforehand. So...
Prices for GBPCHF fell sharply away from the 1.4483/1.4498 area pretty strongly, penetrating deep into the H1 demand zone. This signifies the end of that zone as it may not survive another move into the area. If this works out, it pays 3:1 at least with a 15-pip risk. Profit target also lines up with half the distance between the demand zone below and the supply...