If you search up the schematic for wyckoff theory we might be looking at the beginning of the accumulation cycle
EURJPY Supply and Demand Zones. Respecting the trend we will be looking for more long positons.
Nice supply and demand zones for GBPUSD next week!
EURJPY High Probability Demand Zone. Volume is high in that zone suggesting institutional orders.
EURCAD High Volume Demand Zone. Strong buys
Once price enters the target area (circled) that is where you can look for the accumulation cycle in one of its various forms (net search Wyckoff accumulation schematic). Here a linear channel is used. But the same will apply to a Banded channel i.e. bollinger, keltner .
Additional variations with general target zones (circled areas). Target areas can be any confluence of fib, S/R, EMA.. or any of them individually. Try to avoid being locked into the textbook use of EW waves, sometimes you can make it work as a projection tool, but there are many variations. For reference look at areas 2 and 4 for accumulation/re-accumulation.
For a more detailed/professional explanation websearch Wyckoff Spring/upthrust. In general these trap moves are going to present as a break outside of the trading range boundary with a quick reaction back into that range. Make note of the volume that accommodates this move... The greater the better. Not always indicative of a reversal, but should serve as a...
Definitely looking for buys only for EURCAD this week
Hello all, this lesson will be about my monthly/weekly, daily, 4h etc. supply/demands critical areas, so you can get a better idea why i use them. After you know the most basic thing about my analysis, we can start with the next baby steps in understanding price direction. This also goes for all of the structures such as closed triangles, trendlines etc. on the...
Nice institutional movements with the marked zones. Footprints all over.
Strong demand level and a simple pullback before we break through the resistance and continue up
High volume institutional levels. We can see a short retracement down to fib 0.5% or 0.61% before we continue up with the trend
Gold has been bullish so we are only looking for buys in this market.
EURUSD is approaching a key daily structure resistance. 1.15 is year's high, short rally from that level was just crazy in march. we don't know how the market will react this time, so we must be prepared for both scenarios: in case of a bullish violation of the underlined resistance (daily higher high higher close) the pair will most likely keep growing. next...
The spread of each candle is identical (for the most part) but notice the volume . All 3 have also penetrated a hypothetical demand / buy zone and that is the demand returned. Out of the 3: which of them has the- highest- probability of a bearish continuation? Which of them has the -lowest- probability of a bullish reaction? why?