CADCHF -0.75% bears has been pending for quite some time now and last week, we had a nice sell down from legendary supply zone . However, friday's close did not break my support zone. Perhaps CAD is stubborn because of the potential more bull in Oil 2.57% due to the dramas in Middle East? Since xxx/CHF pairs are bearish at the moment, last week's price action...
The dollar index is forming a triangular wedge. The $EURUSD pair will move up for a while if the dollar index bounce back into the wedge from the top trendline. Watch the movement and place your buys with tight stop loss. Overall, the pair is more bearish. However, scalping is possible while the dollar index is moving within the channels of the wedge.
I marked two ellipses on the weekly chart: blue and red. Ascending Blue Ellipse is working since Dec_2015 dip of 1050. Latest boundary reaction of blue ellipse was at 1205 level in July.2017. Descending Red Ellipse is active since June.2016 high level of 1375. Last week we saw the latest boundary reaction of red ellipse at 1360 level. Now we are in yellow price...
This pair has recently broken the declining trendline to the upside and is currently in an uptrend. The retracement of the latest impuls has created a support zone for stop loss placement. The buystop order has been placed @0.7267, targets @0.7325 and the stoploss beneath the support zone @0.7218. Happy banking!
A break of the resistance zone would complete a buy stop opportunity. The rising trend line has been retested multiple times and has proved to act like support. The buystop order has been placed above the resistance zone @1.1932, targets @1.2042 and the stoploss beneath the rising trend line @1.1849. Happy banking!
-My whole reasoning behind this trade is described on the chart -Stops below Demand zone *DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE, THIS IS NOT A TRADING SIGNAL.
This week on Apple, price has given a good retest of the high supply zone at $153. I would like to see Apple come all the way back down to the demand zone at $145.00. Price is in a range right now and I’m looking for price it the bottom extreme of the range. On the way down, I believe we will have some 60 minute demand zones to chew through but I don't expect...
Complicated but thats the way it is success isn't just a straight way
Here the other possible propulsion area. Woring and sharing ;D
Another example on how to read structure with the "Levels and Zones"
So we have price ranging in between a support and resistance zone for over a year now with a resistance trendline included. I have mapped out what I think is viable price movement over the next month, so it can go up, but likely down. I think down because of the recent bearish nature of this pair, as it broke the support trendline and price began to slope...
We just put in a double top on the daily bar at 79. We are also at the top of the range inside a daily supply zone. Looking for price to explode to the downside.
AUDUSD : Weekly Trendline bounce confirmed! Looking for downtrend to continue. We are retesting a fresh supply area now and looking for it to continue down.
Looking at a possible counter trend long on USDCAD as price is revisiting a upward trendline drawn from the yearly lows. This area is also a nice demand zone area on the daily timeframe. However, we should consider that the Trend is Down on the weekly and just left a weekly supply zone.