Again using supply and demand I was able to find an area of supply for a pull back. Retail traders do not use this method but i promise this is the right way to trade. You cant win them all but you can def find high probability set ups with little to no draw down.
I had this set up with supply and demand also triggering off the 786 fib. Good RR
Here is a buy set up using supply and demand and a fib for the re entry
EU sell set up good area of resistance/supply only looking for 20 pips
I see a small head and shoulders which leaves me to believe that price might drop to the next demand area. i am setting a buy limit at 1.08344
Eye balling this one. Second account grown to 15% this one will be doing 10% then will be ready for the real deal. Broke down this play with supply and demand.
I been eating off this right shoulder from a head and shoulders pattern. Can you spot the smaller head and shoulders on the 15 minute Time frame? Notice how the right shoulder formed Its currently making a retracement to the yellow line that has a high probability due to the bearish market the double head and shoulders pattern the one on the higher time frame...
I got into a second postion using sup and dem Follow for more
EURUSD is currently bearish as an excess supply of euros in the market surpasses demand, pushing the exchange rate lower against the US dollar, indicating a prevailing sentiment favoring dollar-denominated assets amidst economic conditions
While waiting for my Sell Limit to trigger I will risk a 1% buy to get to that position. Buy EU.
Updating my trade idea for more clarity A bearish outlook in the market suggests a potential downturn in prices, often indicated by key support levels being breached. When support levels are broken, it indicates a shift in momentum towards selling pressure, potentially leading to further declines. Additionally, if an asset becomes overbought, meaning its price...
A bearish outlook in the market suggests a potential downturn in prices, often indicated by key support levels being breached. When support levels are broken, it indicates a shift in momentum towards selling pressure, potentially leading to further declines. Additionally, if an asset becomes overbought, meaning its price has risen too high too quickly, it may...
Possible buy for CJ this early week go light since its a Sunday usually dont rade today
Bitcoin is facing a bearish sentiment in the market, with several factors contributing to this downturn. Firstly, key support levels have been breached, indicating a weakening of buying interest and a shift towards selling pressure. Investors seem hesitant to buy Bitcoin, possibly due to concerns about regulatory uncertainty or profit-taking after recent price...
Supply and demand Fib retracement I been trading this pair more and more
resistance levels are proving ineffective in halting downward movements, suggesting a lack of buying interest to counter the selling pressure. This imbalance between support and resistance the bearish sentimment in the market. In summary, the EUR/USD pair looks bearish as sellers overpower support levels and resistance fails to stall downward movements,...
The EUR/USD pair is looking pretty bearish at the moment, mainly because there's more selling pressure than buying interest in the market. It seems like folks aren't too keen on buying Euros lately. There could be a bunch of reasons for this, like worries about the Eurozone's economy not doing so hot, or uncertainties over politics there. Meanwhile, it seems like...
Hey Guys based on the current reversal and my technical analysis I am giving this buy set up a chance 1% risk