I'm seeing interesting setups everyday, one of it is on the USDMXN. On the big picture Weekly , there is supply and there's demand. My action plan is to look for shorting opportunities once price test Weekly supply, probably set 3 target profits on the way down. Moreover, those who practice price pattern trading, I think that's a Shoulder-Head-Shoulder formation....
SGDJPY tested Weekly demand, proved there are unfilled long orders left on the table. Limit order triggered 6 hours ago. Just posting this now for post analysis and progress tracking. Going for only 3R target. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share your views.
USDJPY has long been bearish ever since the explosive move end of 2016. Now price almost reaching a Weekly demand zone. I reckon price will rally up to Weekly supply for retracement before unloading. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share your views.
Price reached Weekly supply, good time to look for shorts. Momentum is still strong going upwards, Slowing down of momentum will be the weakness I'm taking advantage of. Hehehe If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share your views.
Bigger picture Weekly showing demand formed from eliminating previous supply. A correction to this demand zone could produce quite huge profit. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share your views.
Price tested WK demand, now demand is in control. Long bias. Looking for buying opportunities. Price bounced off Daily demand, looking to buy from impulse retracement. 2 targets set. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share your views.
Analyzing the CADJPY market, I finally found the reason why price hit SL on my previous trade. There is a WK demand below, which offers better wholesale price for buyers. Back at it again on the CADJPY pair, looking for long opportunities within WK demand now. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to...
Price action is showing there are willing sellers within the daily supply. Though we are in an upward momentum on the weekly & also the weekly demand is in control, will be in full alert on this trade in case things go south (or north in this case) This could be price starting to dip to demand level for buyers to step in, pushing price higher. If you are...
Daily downward momentum broke, buyers barged into the party. Taking this opportunity to long this market. Will keep this post updated. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share your views.
Looking for shorting opportunity
Price crawled deep into daily supply, looking for sell orders and found them stacked high above which causes the move down. The move down also caused the removal of 3 demand levels, which stack the odds in my favor. This is quite a contrarian move, but hey, I'm just sticking to my rules, and rules say, it's good to go.