In the specified area, the possibility of price reversal is high.
Minor SR Zone
61.8% Fibo
FTR Zone in 1h Timeframe
Reward: 10
Down Trend Market
FL in 4h Timeframe
BINANCE:CRVUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#CRV shows the strength in the past couple of days, Also it has almost got the ATH and the volatility in movement is kicking the Leveraged traders out of the party..
Now I'm going to...
Yesterday's session hasn't turned out exactly according to our expectations. Although Dax descended lower to retest our Support zone at 12 592 as we predicted, the price continued lower instead of reversing to the upside. Dax very precisely respected Friday's VPOC in correlation with the Support level at 12 494 and held further sell-offs.
Important zones...
Welcome to the first session analysis of a new week. Friday's price action has been quite fruitful. For a major session duration, Dax was dropping towards a consolidation zone from 02 July, where we found buyers and the price closed somewhere mid-range session trading. The US NFP was released at 14:30, but besides one volatile candle, no major reaction was seen....
There is nice reaction on the biggest volume cluster... What i see like strong Support/ Resistance zone...
Here is my intraday volume based level for short : 111.8
Take profit : 10 pips
Stoploss : 12 pips
Happy trading
Dale
One more ideal from my weekly trades idea...
One point about S/R zone right now on AUDJPY.. Watch reaction how market react on the biggest volume accumulation.
I hope so there is one good point for enter to the short trade near zone 79.53
Next week and next weekly idea!!
Here is the most significant S/R area for this week on NZDCAD.
We are still in nice uptrend this is reason why i waiting for pullback to this area for long trade.
Right now on NZDUSD... To many stoploss zone close to each other = fast move and filling orders....
Market muss be effective ...
On the biggest Volume cluster is the mean S/R zone for this week.
On this pair NZDUSD is good to see very strong buyers, which want push price higher and higher. Thats why i am on their side and will be waiting for long trade on the volume accumulation. Be careful right now with short trades..
Long 1 from 0.68632
Long 2 from 0.67950
Stoploss i usually set on the lowest volume!
The main reason behind this long level is Volume accumulation setup. Heavy volumes were accumulated in a rotation area (marked in purple rectangles ). After that, the price shot aggressively upwards which indicates that the heavy volumes were mostly volumes of strong buyers. When the price makes a pullback into this significant area again, I think that the buyers...
Pretty heavy volumes got accumulated around the 114.56 area. Then a really strong buy-on started. When the price makes it back to this level I expect a reaction, because those strong buyers are most likely to defend their buying positions and to push the price upper again. The biggest Volume in chart is your the biggest advantage before BIG players :-)
GBPCAD is nearing the PRZ of a bearish bat pattern. This bat may continue the bearish movement to the completion of a larger TF bullish bat (see related ideas). Entry is placed at .886XA with SL at 1.13XA and TP at .618CD.
Confluence in the PRZ:
.886XA (Bat completion)
3AB=CD
1.618BC Projection
Larger TF BAMM Line (related ideas)
S/R Zone
