Buying pressure on the tape is suggesting the day's low... the long candle wick here shows it and so does the tape.. lots of buyers at this price level
Weekly & Daily order flow of price is within an area or areas (order blocks) where price likely to reverse & changes direction. Added confluence with daily trend structure & distribution of price in Monday's trading session where liquidity underneath price wasn't taken out give me the heads up to look for shorts for Japanese yen. Entry @ 113.74. If this position...
As long as price do not touch the resistance zone of 1307.28 - 1327.75, any visit to lower support may consider for a opportunity. Use Price action confirmation for the mid-range levels, then initial target is the first touch at the resistance zone.
Bank Flow S/D + Trader S/D S/R & Fib levels line up!
Looking for short around $1174 - $1165 Let's see how this trade manifest!
Entry 1126/ Take Profit 1116
The bids came in heavy around 1.23, catapulting price up to 1.25 in a short period of time. Looking to go long on pullbacks towards 1.2450-1.2460 with primary target around 1.25 and extended target at around 1.2650.
Leaning on the weekly up trend and a daily up trend, a fresh demand zone long opportunity is available for swing traders
Leaning on Weekly and Daily Demand Zones, a fresh H4 Demand zone was created with the break of the TL and a potential long trade is possible when prices retraces back to the H4 demand zone
The reversal structure we are seeing on the 4 hour chart is hinting of a change in order flow. I expect either 45.00 or 43.60 will attract new bids that will push price up towards 48.00.
A new demand zone has been created and hence, a valid long entry can be taken when prices revisit 6.90375 level
Trend Setup W1-ND, D1-DT, H4-DT Possible to take a short on fresh H4 SZ
Potential Buy when prices retrace to fresh H4 Demand Zone
Trend Setup, W1-UT, D1-UT, H4-UT Potential long on fresh H4 Demand Zone
W1-Potential Downtrend, D1-Downtrend, H4-Downtrend