Supply and Demand is one of the core strategies used in trading. It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. It identifies zones on the chart where demand overwhelms supply (the demand zone), driving the price up or where supply overwhelms demand (the supply zone), driving the price down. Most supply and demand traders wait for the price to enter these zones, where major activities of buying or selling have taken place, before entering a long or short position themselves.
It makes sense to buy at a demand zone and to sell at a supply zone, but keep in mind that fresh zones are more effective than retested ones. They can be used as entry zones for a continuing trend or as reversal zones for a changing trend. Trades can be made aggressively or conservatively, each with their own rules of entry and exit. TradingView has a smart drawing tool that allows users to visually identify these levels on a chart.
If today's close on the FTSE 100 (UKX) closes higher than the close 4 bars prior then we will have TD Sequential 9 count sell signal. One can then place orders below the low of the 9 Bar short, with TP at the TDSL (horizontal support from the low of the no1 bar of the 9 count). Should price continue higher we could see a TD 13 count develop. If we see a 13 print ...
Steadily rallying into the $70 key resistance that marked the May-15 and Jan-18 highs. The resistance at $70 would mark a level that investors are taking profits at, and hedgers are happy to sell forward. This creates an artificial hold on prices, which will end in a move higher with $80 a target.
I have used Elliott Waves and Support & Resistance lines to come to the likely possibility that in a larger degree of trend, Bitcoin is undergoing an ABC three-wave correction. if this turns out to be true, the final C wave could possibility in play and we all know, the best time to buy is at the bottom of an ABC correction.
Only time will tell. For educational ...
Potential mid-channel trade.
Price could continue to the top of the channel, but is currently within a supply zone, which could force price to the downside.
Bullish on AUD gartley pattern missed best entry AUD market moving in consolidation RSI oversold with divergence. Price have found strong support Target next weekly Demand. Good Luck
Recent Weakness in the AUD against the JPY has meant a downturn in the AUDJPY, We've placed a Fibonacci Retracement on the chart and the fib lines match up with previous support and resistance, we'll wait for a pull back up to the 0.236 line to go short, if that line breaks we can still have a chance at the 0.382 line.
USD CHF has been making lower highs and lower lows, it has pulled back to a 4 hour supply zone (RBD). Will be looking for entry on the 15 min chart when the zone has been tapped.
This is looking really good rally. Smash through $11,600 next. Looking to see at least two more Williams arrows either one down and one up, or two up like earlier rallies to get there or beyond. Back check it for yourselves.
Unfortunately missed the last supply zone (blue) and thus wont be happy to sell until we test a fresh liquidity zone. Again, looking for 1R on a core position, and will be holding a smaller position for a potential larger move.
Looking for a potential bounce on the first test of this new demand area that preceded that rally. Resting orders placed in the market with small risk (not at my desk!!) but will take this as a 1R trade.
Looking for GBP to make a new intermediate short term high.
Retrace *where I look to get onboard - then take out the long term high continuing the bullish run.
