S&P up and and has pulled back to objective demand, Intel is also up and at an objective weekly demand level from mid nov 2014, a pause to rapid indicating there was actually far more demand then sell orders there. It is my hope that there will be some left over buy orders or/and that after this sharp move down there will be a greater Suppy/demand imbalance....
Same reasons as AXP trade... With the S&P trending up and at weekly demand, and HPQ basically mirroring it, having pulled back to an objective level of weekly demand from the pivot low in mid oct 2014 where price rocketed off. I am hoping that there will be some unfilled buy orders or a large enough supply/demand imbalance to push price higher. My entry on this...
With the S&P trending up and at weekly demand and AXP basically mirroring it, having pulled back to an objective level of weekly demand from the pivot low in mid oct 2014 where price rocketed off. I am hoping that there will be some unfilled buy orders or a large enough supply/demand imbalance to push price higher. My entry on this trade will be a tick above...
Price is right now at demand and the RSI is building a nice divergence, meaning the bearish pressure is getting weaker and weaker, actually if we look at the last major swing low (which was the reaction from the supply level, price is struggling to get lower, so I expect a good reaction from this demand level. Stop a few pips below the demand zone and target can...
Currently watching the 1H timeframe, as price have touched once more an important demand zone (0.9593 - 0.9620), and I was waiting for a confirmation that price might have a good bounce from this zone again. We have bullish divergence on the RSI as price touches the zone. Price already touched the zone and booked 26 pips, but I did not take it, I am waiting for a...
- CCI is showing overbuy - Supply level is touched and price is already showing reaction - Please use stoploss or hedge at supply level - Target is at Demand level (almost 1400 pips)
- Currently EURCAD is in sideway market - Price rebound at fresh supply level - CCI is showing overbought - Price is already showing reaction to supply level
CCI is showing oversold. major trend is up and for now the price sits on the major outer trendline. Fresh demand level is reached. Im expecting the price will go up to the supply level and touch the upper trendline inside the supply level.
Fresh demand level reached. main trend is downtrend BTW. Williams %R also showing oversold. I'm expecting price will go up to the inner trendline level (also inside a fresh supply level)
I was looking amazed at this chain of events that have happened on the EURUSD pair. First of all, price reaches a Daily/240min demand zone around 1.2358 (proximal line of the 240min demand level), right when this is happening, there is a great looking serial bullish/positive divergence on the daily chart, which means price had given three lower lows, but the RSI...
Outer trendline is broken and provious support now becomes a resistance. I also found that a fresh SD level is touched and starting to show a price reversal to go up. CCI is showing oversold.
Trend lines hasnt been broken. Fresh SD level is retested. CCI shows oversold. Im expecting the price will go up strongly.
Supply Demand revisited 4th times now. While CCI showing overbought in an uptrend, and also the momentum is good. Fibonacci also retracement at 23.6% is a strong indication that the price will go strongly uptrend.
Having the USD index breaking a daily supply level, we might expect price to continue a bit higher, so I'm taking a look at the relevant demand zones in the USDJPY pair as we could have an opportunity to enter the uptrend. On the 30min chart, we have a demand level between 113.850 - 114.000, which is also a structure level (support) on the 4H timeframe and very...
Waiting next week opening for a bounce off the demand level at 1.1250. Setup is Long: - Entry at 1.12525 (to cover the spread) - Stops at 1.1221 - First target is at 1.1320 I like this setup because on the higher timeframes there is no fresh supply near current price and the overall trend is bullish, so it's a nice opportunity to enter the uptrend, at least...
A nice opportunity to buy this pair has arisen, as the DXY is hitting a daily supply level and on the AUDUSD pair, we see price has just hit a daily demand, a 240 min demand and 30 min demand levels at the same time. So, is a very high probability trade but we can always wait for a confirmation (RSI divergence, RSI overbought/oversold, double bottom, doji canddle,...
This pair is resting at a weekly demand level, however is not a fresh level and price seems to be piercing through the level. In the 4H timeframe there is a fresh level above (1.27220 - 1.27628) that, in the case of a broken weekly demand level, could be the entry level for joining the downtrend until price reach next daily fresh demand (1.24637 - 1.26252). So,...
USD still worth about a quarter any way you slice it...dollar back at the top, again, of what's closing in on a three year range. Will break out to the upside and if it does will it gain any value down at the consumers level. My view is that it is only more expensive but it's purchasing powere is weaker than ever. I'll remain neutral until I see an actual...