Price has been moving lower recently, creating a descending triangle (bearish pattern). Intermediate supply zone @ ~135.210. Reaction from the area should hopefully bring about a drop in price. Distance of drop should be equal to width of triangle (all things being equal). Possible target, 134.000. The zone @ ~135.580 has been tested a few times and should be...
AUDGBP reacted nice off this big picture demand area, gapping into it in the process. This formed an intermediate demand zone within the bigger zone. A return to this price should see a rallying reaction. Profit margin is dependent on supply zones that form on the return to ~0.50300 but a sharp drop should see a 5:1 R/R.
AUDGBP has found some support (demand) at the psychological level of 0.50000. It seems that the demand zone is in control, driving prices higher and invalidating previous resistance (supply). As prices fall back to intermediate demand zones, long trades can be initiated for intra-day traders while position traders may add to positions or adjust positions. AUDGBP...
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.
Lonnie is in a upward trend channel. There is a second smaller upward channel. We are now at the bottom of that second channel. It is possible that it hold's and we could see Lonnie at 1.14-1.15. So i will long USD/CAD next days. My entry point is around 1.117-1.121 SL 1.097 TP1 1.139 TP2 1.156
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.
price crossed a long held support area Made small consolidation prior to doing so Consolidated prior to European open Dropped precipitously on or near the London open I've outlined what I believe to be the nearest supply zone and when and if price returns to that price level it will once again be met with huge selling that will push price back down again.
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...
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,...