About meThe 5%ers is a Funded Trading & Growth Program where we bring the capital and you bring your trading skills.
Try one of our evaluation plans - once qualified you enjoy a fully financed account, monthly profit share, loss waiver backing and much more.
As we can see on the daily chart, the GBPUSD just reached into a significant supply level which seems to hold many unfiled sell orders,
I'll sell at this supply on the first touch of the price.
This position is relevant as a long term position.
The first target will be the support below and the final target will be the demand at the bottom.
Trading Compression – compression is a very slow price movement that indicates weakness on buying and selling orders.
By this type of movement, the price collects all pending orders on its way up or down and leaves no unfilled orders behind it.
Compression is usually defined by small and messy candles that move up or down in a very tight range.
USD/CAD is testing the 1.3500 support level. We could look for long entry signals with a tight stop loss below the support. If support doesn't hold, price may continue dropping all the way to 1.3331, that is 165 pips!
The demand below seems like a great level for intraday reversal position,
For now, the price seems bearish and the demand below is a great demand to buy EUR/USD.
This position is considering an intraday position, I'll buy this demand on the first touch of the price.
As we can see on the chart, I marked up 2 critical levels for intraday positions on EUR/USD.
It seems the price on his way to reach the supply above,
If the price touch the demand below before reaching the supply above I'll buy at this demand level and the supply above will be the target.
If the price reach first the supply above I'll sell there and the demand...
As we can see on the M15 chart the price creates a new demand below.
The current momentum is bullish and therefore this new demand seems like a great continuation level for buy position.
I'll buy at this demand on the first touch of the price.
These are the next critical key levels to look for intraday positions on GBP/USD.
As we can see the price is bullish at the moment and it seems the price on its way to reaching the supply above.
The demand below seems like a great continuation level for a buy position and if the price retrace that demand I'll buy there.
The supply above is a great level for sell...
After this significant uptrend, I preferred to wait for a reversal signal.
I'll wait for the price to break out the demand below and if that happened I'll look for a price action setup to sell the USOIL.
The target for this position will be demand 2 at the bottom.
This position is relevant for intraday traders
As we can see in the M15 chart the price created a new demand below,
This demand seems like a great continuation level for the bullish momentum.
I'll buy on the first touch of the price and the final target for this buy position will be 1.2320 zones.
As we can see the GBP/USD created a new supply above.
The current momentum is bearish and therefore this supply seems like a great level for sell position as a continuation trade.
The target will be the support at the bottom.
As we can see on the daily chart, the SPX500 has a great recovery after the massive drop a few weeks ago.
The price now getting close to supply - 1 that is a great level to sell SPX500.
If the price will breakout this supply toward up I'll close this position and I'll open a new sell position if the price reach to supply -2.
Both options are relevant for swing or...
The demand below is a great level for buy position as a continuation position,
It seems the price on its way to reaching the resistance above.
I'll buy at the demand and the target will be the resistance.
AUDUSD seems to stay bearish until 0.6600, it is the next fresh demand that we can see on the weekly chart.
The supply above seems like a great continuation level for sell position.
I'll sell at this supply on the first touch and the target will be 0.6600 zones.
In this M30 chart, we can see that the price created a fresh demand below a few hours ago.
This demand seems like a great level for intraday buy position, I'll buy at this demand.
The target will be the supply above.