WEED is in a strong parabolic uptrend. Removing supply and creating demand zones. Current price (~16$) is not an area to buy the stock at. Wait for pullback to enter the trend.
Tesla took a pounding today with the earnings loss which is a good thing if you are looking to buy because the stock is becoming cheaper. I don't normally use Fib projections but 1.618 nicely aligns with the rally base rally demand zone (@ $282) which I project the price will bounce off of. If this fails then we have a drop base rally demand at $254 which could...
4h up momentum has been broken creating a 4h supply. Going long currently is not allowed. I will be looking to realign with the uptrend on higher timeframe using the daily demand with nested 4h demand zone inside.
4H momentum broken on US30USD with removal of one demand zone, today's move erased previous day's gains. To hop back on the trend, I anticipate a retrace back down to 23078 for the next leg up (daily demand zone) if the Dow has any more steam left. As always, don't risk more than 2% per trade and set your stop losses to protect yourself. Also remember, this...
USDCHF has been rallying and in the process removing supply and creating demand. Price is getting high on the curve so taking long positions is becoming less and less favourable. We have a powerful rally base drop at 1.0050 with a strong takeoff and the imbalance created is favourable. I am looking to short 1.0050. However, before we get there, there are a few...
EURCHF is on an uptrend on the daily and 4H timeframes. Looking to join in at marked out 4H drop base rally demand zone. This pair has the potential profit margin all the way up to 1.2000 with very little in the way of opposing supply.
EURGBP fell sharply last week after a few days of rallying. Currently price is in a rally base rally demand zone on the 4h. With the up momentum being lost. I will be looking to rejoin the upward move at the 4H demand which is the origin of the last move up. The zone is conveniently inside a daily buying area. Let see if the Euro can reverse there. If price...
NZDJPY approaching daily demand that took out 3 supply zones and broke the down momentum line. Price is currently retracing. Looking to go long at marked daily demand zone.
Looking to short EURCAD when price reaches the supply zone as long at price keeps racing toward it. If the approach begind to form new demand zones and profit margin is cut, then the idea will be invalidated.
GBPJPY is currently in middle of the curve. If price reaches the supply I will look for shorts there. If price turned before reaching the supply zone, I will look to go long at the marked out daily demand.
AUDNZD is sitting in daily/weekly supply. Approach was aggressive without stopping. Looking to short the pair and let the reversion to the mean happen.
AUDJPY broke the down momentum on the daily, forming a new rally base rally demand zone with a good imbalance while removing a supply zone. Looking for a retrace back to the demand zone for the next move up. Nearest opposing zone is at 91.343 so there is some good profit margin available.
AUDCHF broke the down momentum on the daily, forming a new demand zone with a good imbalance while removing a supply zone. Looking for a retrace back to the origin for the next move up. Nearest opposing zone is way way up so there is some good profit margin available.
AUD rallied and formed a new drop base rally demand zone. Down momentum has been broken which could lead us into a range but for now price is coming back to retest the demand. Looking for longs at drawn daily demand as marked.
CAD retraced into a demand zone which yielded to us a strong impulse move up creating a new drop base rally demand. Price is now coming back to retest the daily demand zone as marked. Looking at taking longs in the daily demand zone.
DXY had a nice long and hard run up and has begun retracing. Daily supply and demand curve zones have been highlighted to give a sense of where price is relative to institutional order flow on the daily TF. Will be looking to buy USD on correlation when DXY reaches near 92.22 zone. Notes on Acronyms Used SZ - Supply Zone DZ - Demand Zone RBR - Rally Base...