Supplyandemandzones
GOLD Possible scenarios."Bullish Scenario" will be activated after breaking 1939.50. 1st tp is around 1948.
"Bearish Scenario" will be activated in case of price crossing the bullish-trend-line under.
In that case a reaction to the 1917.400 could provide a long opportunity there.
If Hawks seems to be more powerful in FOMC meeting, you should wait for the "2nd bearish scenario"
Break and Retest @ $1,909 Weekly Level 📈Ethereum created a Higher High on the Daily Timeframe after the daily candle closed at $1,933 on Friday. Additionally, Eth closed up 3.15% on the Month and this suggests a further increase for July. More aggressive positioning for an increase in the month of July would be the anticipation that Ethereum closes above $1,909 Weekly supply level. Trade Idea : It uses what once was a Supply/Resistance level as a new Support/Demand level. This would translate into a swift break and retest trade above $1,909 and looking for new high prices to formulate as the new monhtly and weekly candle's kick off.
We have
1) Monthly candle just closed bullish
2) After 1 week of testing $1,909 Weekly Supply level, price has done a fair job of sticking right at it, current price $1,913
3) After all the crazy news, price remains at the medium term highs after a 16% pump across the past 2.5 weeks.
A Look at the Daily Chart, Created a Higher High and we may now use $1909 to do a break and retest to head towards $1,995
240 MINS TIME FRAME - RAYMOND STOCKThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
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Bullish Descending Wedge ? ₿ Weekly S/R Level $24,363Price is squeezing to the downside as we approach our 24,363$ Weekly S/R Zone. It also happens to be an extreme Daily Zone. The next Daily zone being at 22K which is a 10% drop from $24,363 Level. Short Traders have enjoyed a consistent downside push across the past 2 Months ever since BTC tapped into the $30,000 Weekly Level. This Long idea has to do more with the psychology of some players wanting to jump in the short/downside train. We'll see if a correction will change their minds as I can see a correction to clear out liquidity after we touch into a weekly S/R level ( 24,363$) . This Weekly s/r level was quite relevant during August 22' and February 23' .
NQ1! Supply Demand Levels 6/20We just recently broke from the 1HR downtrend line and looking to break to make newer highs. We have news releases this week for possible momentum to do just that. For this reason, I have bigger EOW targets to possibly reach. For intraday targets, targeting 0.5-1% of the NQ price.
BULLS:I am interested in breaking the top of the trendline at 6/16/23 recent highs of 15475 and then the Daily supply zone above to be filled near 15.5k.
BEARS: I like the 14981 area as we had previous bounces on the 4HR TF about 3x. If we can break through this area, I would like the 14879 zone to be filled.
Link for chart: tradingview.sweetlogin.com
EURGBP Daily outlook still week on HTFEURGBP Daily outlook still week on HTF. but Reaching out at the Demand is the strong level we can use the confirmation rule for a long setup if we have a break of structure or break of vailed TL then we can go long until hit the nearest supply level
Thanks plz share your thoughts in comment box
USD/JPY Potential Forecast|HTF Analysis| Tuesday 6 June 2023Hi everyone!
- on USD/JPY we have nice demand zone under price,
-Generally on USD/JPY price make a huge move to the top side in the last month.
-If you are planing to enter on demand zone use confirmations.
-I hope you all will have a good trading week.