Those are the next levels to look for a position on USDCHF, the supply above is a great level for sell position, if we look carefully, we can see that is the price Will move up toward the supply now, it might create the right shoulder of Head and Shoulders pattern. the target for the sell position will be the demand Below, which is a great demand for buy position.
For the day traders among us, I marked the next critical key levels to look for short term positions, The supply above is a great fresh supply for sell position, I'll sell at this supply at the moment the price hit there, and the demand below is a great level for buy position, I'll buy there also at the first touch of the Price. both levels are relevant for a day...
The EURUSD is after a wick downtrend, also, the divergence on the CCI indicator indicates that the bearish momentum lost power, I'll wait to see if the price Will break out the resistance above, and if so, I'll look for price action setup for buy position, my target will be the resistance at the top.
As we can see, the SPX500 price is just between 2 critical levels, each one of them is a great level for an intraday position, the supply above is a great level For Sell position, I'll sell there on the first touch of the price, the demand below is a great level for Buy position, if the price retrace at that level I'll buy there, This Buy position can continue for...
Sell at - 1.3300 Stop loss - 1.3320 Take profit - 1.3240
As we can see in the attached picture, the DAX index drop down from the last high and create a lower low in one movement, that drop created a new fresh supply above which is the Quasimodo level, I'll wait for the price to return back that supply and I'll sell there, my target for this swing position will be the demand below,
As a price action trader, I always preferred to rely on supply and demand as a strong key level, I marked on the USDJPY chart great key levels to looks for swing positions, at the Moment the momentum is bullish and seems the price tends to reach the supply above, therefore, if the price retrace the demand below, I'll buy there and my final target will be the...
For the long terms, the SPX500 index is still in bearish momentum, the price is getting close to hitting the supply above which is a great supply for sell position, if the price will reach That supply I'll sell there and my final target will be 2370.00 zones, it is also the last low at the long terms, this opportunity is relevant for swing forex traders also.
The GBPUSD seems to be in a bearish momentum, for the short terms the price tends to reach 1.2980 zones, if the price retrace the supply I marked above I'll Sell that level, Sell at - 1.3040 Stop loss at - 1.3058 Target at - 1.2980
The BTCUSD price is just about to hit a great demand soon, I'll buy in the first touch in this demand, and the target for this position will be the supply above which is a great supply For sell position, both levels are relevant for swing traders,
For the long terms, the XAUUSD is in bullish momentum, it seems that the next destination for the price is the resistance zone I marked above, the new fresh demand below seems Like a great continuation level to join the bullish momentum, if the price retrace that demand, I'll buy there and my final target will be 1340.00 zones,
Opportunity to sell a pullback price action, before it continues to rally higher. Projected Outcome: 75 pips Sell @ 1.15018 SL @ 1.15166 TP @ 1.14262
According to Short term, BTCUSD is likely to react to the 1st Quasimodo level. It may produce a stronger retracement down, however since on the longer term BTCUSD is still on down trend, it is more likely price is aiming up to sell at higher targeted pricing.
Signs of false break out. May look for lower rates to load for further up move. Immediate move: Retracing Short Main Sentiment: Long
As we can see, the supply level I marked on the chart is a new fresh one, the price drop from that level which indicates on unfilled orders still waiting there, Therefore, if the price will That supply I'll sell there, my final target will be at 105.50 zones,
I have marked on the chart the Compression area in a channel, as we can see the USDCHF price now goes against that compression area from the left, Compression is a situation Where the price moves up or down easily and slowly, picks all the orders on his way, struggling to move up or down, when the price goes against Compression it usually safer, above Us, there is...
For the swing forex traders among us, the EURUSD has changed the momentum from bearish to bullish, below us, there is a great demand level for buy position, it is also Quasimodo Pattern, if the price retrace this demand, I'll buy there and my target will be the supply above which is also a great level for sell position, I'll sell at this supply on the first touch...
After a long stamping, the price finally broke out the resistance at 1297.00 zones and creates a new fresh demand which I marked below, it seems the price tends to reach the supply Level from the left at 1315.00 zones, we can see that on a daily chart, the demand below is a great continuation level of buy position, as long as the price didn't reach 1315.00 zones,...