Short term demand levels. The one I am interested is the level between 1.6157 - 1.6175, because it had a very nice departure and a RR of 2:1 for our initial target. Good luck!
Looking on the daily chart, I notice that price closed with a doji candle right at a demand level and with extreme oversold condition (13) on the RSI. Because of this, I took a long position with target at the weekly supply level beginning at 1.6535. Seems like the odds are on the bulls side, but we will have to wait until next week to see if this level will...
i feel there is good demand on blue lines and could crash to drop like a rock
EURUSD short term contra-trend scalp. Reasons: W and D demand EUR is heavily oversold USD index D supply GAP down H1 and H4 engulfing candles
Good opportunity for a long position with LPI as there have been 2 pin bars back to back on good volume at this very nice support level. I would look for a retest just below the highs of the previous gap down. Institutional traders should be looking at this stock as a good spot to jump on in or add to any existing positions.
Many things going on in this pair, so next week would be nice to see that Shark pattern complete. Price is just inside a demand zone right now, so I will pay attention next week at the reaction here, Another demand level below and finally the completion of the Shark pattern.
seeing head & Shoulder and re-testing of demand area, I feel it would head up. But how high will it go?
These demand zones are the most likely places where price is out of balance and will turn around. 450-410. -Untested demand where we see days of consolidation in price then a large and rapid move out of that area. 360-310 - This is an area where Prior Resistance became Support. It is also the lowest price point since the January rally and remains...
Since February, GER30 has tried to cross the demand zone, however after multiple attempts, we haven't seen a major correction, just a series of up's and downs. This time, it has aggressively went down almost touching the demand zone but it is now approaching another important support line which has been in a bullish tendency since November 2013.
GBP/USD felt to really important level if there's an chance that it will conitnue the uptrend that we might be just getting to the entry point at the moment. There's an confluence of green marked Demand zone, 50% Fibo retracement of last swing up (1,669-1,719), daily trend line and the previous smaller leg up low at 1,685 level (red circle). Todays down move was...
The chart pretty much speaks for itself, the risk is low and the reward is very high. The target supply level is actually tested already so it could go even further, first we must wait to see if any fresh levels are formed on the way down.
Really nice fresh supply level, I will be looking to hold down until the weekly level of demand comes in to play. Fundamentals align with this trade with divergent central bank policies.
This is a trade I will not be taking if it doesn't meet the test of time. After taking the time to reread Carney's books, he mentioned with emphasis the use of time in regards to harmonic completions. From Carney himself: "Although time considerations are not as significant as the factors of price, an understanding of when a setup should complete can optimize...
Good range play here, really good RR too. I expect the supply area filled white to be taken out as well as possibly the one above which is where I will start to clear my position and look to sell, possibly somewhere within that bigger supply area.
Looking for bullish PA at the zone marked. I see this going to 1.60 before any real selling pressure comes in. The daily trend line is crazy, lets see if we get anything good here, if not there are good levels below which may also bring that trendline into play.
Despite this horrible range and nasty ATR, UJ is still offering some decent trading opportunities, I have personally stopped buying the bottom of the range now as to me it looks like the bears are gaining ground in the form of lower highs. I will be looking to get in at these two supply levels. I included the ATR in this chart to show that at the moment UJ...
EG is coming to a weekly level of demand which also holds 61.8% Fib from 08/09. It will also be a big double bottom possibly so I will look for bullish divergence nearer the time. This could also be seen as a big bull flag. Even as it is the RR is good with a 1:3 minimum if you take it to the first fresh supply level but potentially this could go much further,...
New demand level formed this morning on the 4h, it was a really explosive move away so I definitely expect buyers to still be lurking down there. Hopefully it will come back to reload and fill my order. I see this going to 1.73 which is the proximal line of the weekly supply zone. I will be looking to sell around that level but will wait for a more defined level...