I'm looking to go short from the red supply zone for about 5:1, maybe more. Now, there is a demand zone there at around the first target (T1). where I will have to pay close attention to get out if price shows signs of reversing, depending mainly on how price enters the supply zone. Also, it is going against the Daily trend, favoring the demand level at T1.
I am looking at a SUPPLY zone on the 5-minute chart. The supply zone is greyed because there is a lot of trading happening to the left of it.
My previous idea featured a really good supply zone that clearly met all of my requirements but wasn't enough against a rally that came out of a daily demand zone. So, I immediately switched gears and found the next best demand zone on the 5 minute.
I don't recall when I setup this order on the 5-minute chart but it just triggered and I still like the way it looks. I don't think it will give the risk/reward I anticipated but I predict that it will give something.
At the top of the trend with little volume seeking a breakout.
This here is a high probability supply zone actually on the 5m chart that one can take for a quick 3:1 RR gain.
Noticed that my sound isn't very clear so I will be getting a better mic next time!
I will keep the explanation short since my chart can't show exactly what I'd like it to. Price has pushed to an extreme from the 4hr mean where reversals are much more likely. The 365 Period MA on the 4hr is showing price above it, meaning I'll only go long. Price has spiked through and pulled back against a Daily & Weekly Pivotal point. At the time of entry on...
NzdJpy reached a good level of support with actual room to go higher. Also on the 5 minute we have a head and shoulders setting p, still early but definitely something you can look to ride up then even down for the retest.
I have reason to believe that price will hit entry at 122.615, double demand zones on both the 15min (blue) and 5min (purple), and price will rally to 122.915 for 3:1 R:R.
(5/9/19) Today was a bull reversal day and will likely result in a large trading range day. There was a bear trend from the open after a large gap down and failed bull trend on bar 1. There were several good sell setups (red arrows), and a breakout gap which remained opened for the morning session. The appropriate stop for all entries was above the high of the...
5/8/19 Yesterday was a weak bull trend day that evolved into a trading range. The market opened always in long from the previous day's strong rally from a wedge reversal (nested and larger). The bears attempted to form a bear trend from the open, but failed on the third bar and were unable to fill the bull breakout gap. There were a few reasonable buy setups...
Visible on 5min chart... My Approach will B2: Open small LONG position NOW @5314 100x Leverage SL: $5300 Have 2 SHORT Limit Orders placed above Wash zone equal to height of wash cycle zone. 1_Medium size SHORT order in RED Scalp Zone (2%) 7-25x Leverage 2_ Larger SHORT Limit Order in Liquidity Zone (5-10%) 10x-33x Leverage Place STOP Loss in the...
Sellers are accumulating this area the least resistance is for price to go down then up.
on 5m chart downtrend has appeared . Open a short position 1.1306 our target is 1.1291 stop point is 1.1316.
Buyers tried many times, now it's time for sellers on 5 min chart frame for pofit taken 1:1. Then we can wait for our buyers response for continuing long trend.
I detected a supply zone on the 5-minute chart that seems to be solid with more sellers than buyers. If the price crosses above 112.872, then I believe it will come down for a potential 2:1 reward/risk. But, it has to break below the zone between 112.791 and 112.776 for the risk/reward to be possible.