In the daily chart, the EURUSD exhibits a bullish momentum. The highlighted demand level below, marked in blue, appears to present an excellent opportunity for a continuation in a buy position. This level suggests a concentration of unfilled orders awaiting the price, indicating potential strength. The long-term target for this buy position aligns with the supply...
The gold price has just reached the supply level visible on the daily chart. However, since this is not the price's first encounter with this supply level, it becomes riskier to trade at this level. Therefore, it's advisable to seek confirmation from a lower time frame. On the H1 chart, we can observe the last demand level below, marked as Demand-1. If the price...
In the 4-hour chart of AUD/USD, there's a noticeable uptrend in price development. It's probable that the price aims to reach the prominent supply level highlighted in red. This marked supply level presents an excellent opportunity for a sell position. On the other hand, the lower demand zone serves as a significant continuation level. Should the price retrace to...
On the left side of the chart, the XAUUSD 4-hour chart reveals a notable demand zone marked in blue. The swift and substantial upward movement from this level strongly suggests the presence of a considerable number of unfilled buy orders, making it an opportune level for initiating a buy position at the first instance of the price touching this level. On the...
On the left chart, we observe the subsequent supply level on the daily chart for EURJPY. Despite being established in August 2008, it remains a significant level for initiating a sell position, as the price has not yet revisited this level since that time. On the right chart, we have the 1-hour chart displaying the underlying demand level below, which presents a...
XAUUSD is currently experiencing an upward momentum, and indications suggest it may persist until it reaches the $2006 zone, which aligns with the marked supply level on the daily chart. There are two noteworthy demand levels situated below, pertinent for continuation trading. The initial one is discernible on the 15-minute chart, roughly around $1958. The stop...
In the current 15-minute chart, GBPUSD is situated between a significant demand level below and a notable supply level above. These represent the pivotal levels to monitor for potential positions. The upper supply level presents an opportune point for a sell trade upon initial contact with the price. Conversely, the lower demand level offers an attractive...
The left-side daily chart illustrates a recently formed demand level. The rapid and aggressive upward movement from this level suggests a significant presence of unfilled buy orders. It may be prudent to consider initiating a buy position upon the initial touch of this price point. The long-term target would be the supply indicated on the right-side 4-hour chart....
Presently, the price is being held in check by the primary supply located on the left, effectively absorbing all the sell orders associated with it. Beyond this supply zone, there is a stretch of price compression extending up to the uppermost supply level. Consequently, if the price manages to break free from the current supply, it is highly likely that we'll...
On the 4-hour time frame, GBP/CAD has displayed a bullish momentum, indicating a potential upward movement towards the supply zone above, possibly even reaching the top-level resistance. Should the price intersect with the most recent fresh demand zone below (indicated in blue), it could present an opportunity to initiate a buy position, provided the bullish trend...
Should the price break the lower resistance, it is probable that it will extend its downtrend momentum towards the demand level at the base. In such a scenario, we can explore opportunities to initiate a short position, possibly arising from a newly formed and influential supply zone that triggers the breakdown. The target will be the demand level at the bottom...
Currently, the S&P500 index is positioned between a lower Quasimodo level and a newly established upper supply level. Both of these present promising opportunities for potential swing positions. The lower demand level, which also conforms to a Quasimodo pattern, offers a favorable entry point for a buy position. However, this should only be considered if the price...
On the 4-hour time frame, GBP/CAD has displayed a bullish momentum, indicating a potential upward movement toward the supply zone above, possibly even reaching the top-level resistance. Should the price intersect with the most recent fresh demand zone below (indicated in blue), it could present an opportunity to initiate a buy position, provided the bullish trend...
Observing the chart, we note that the supply zone above has been repeatedly tested by the price. Consequently, this supply zone has transformed into a resistance area, rendering it less favorable for considering a sell position if the price retests this level. At this juncture, it's prudent to monitor whether the price manages to breach the supply/resistance...
In this 4-hour chart of USD/JPY, we observe the recent decline forming a bearish Quasimodo pattern. Following a notable uptrend characterized by successive higher highs and higher lows, the price experienced an abrupt drop, giving rise to the Quasimodo level. This development suggests an increased influence of sellers in the market. Now, our strategy entails...
"Observing the GBPUSD on the 4-hour timeframe, it appears to be positioned between two noteworthy levels warranting consideration for potential trading positions. The recent peak from the last bullish surge doesn't appear to signify the ultimate culmination. It's more probable that the price is inclined towards reaching the higher supply level. Thus, if the price...
For this week, we're expecting EURUSD to keep its downtrend until Thursday where there is EUR Interest Rate event, which could be a catalyst for a Market Reversal on Thursday. However, from Monday to Thursday Morning, I'm expecting a continuation of the downtrend to clear last week's lows and potentially clear the low at 0.9860.
In previous post I shared my interest in a long on Euro. However, GBPUSD seems to be the stronger one between the two based on recent price action on EURGBP. Looking at GBPUSD, It stays in a bullish scenario as long as long as price doesn't fall below 1.2474. However, on an intra-day basis, i'm looking for GBPUSD to stay strong and break above today's daily high...