EURUSD | MT Long H4 |Overly OversoldPair: FX:EURUSD
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames
- Price action has some support trend-line holding it
- Horizontal trendline looks like a demand zone across the years
- Horizontal trendline (Red) is at the 1% Fib Extension Level
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level
Fundamental Confluences for Trade:
- EUR weakness has been mostly been pricing in the expectation that ECB will cut in June and diverge from the FED. Currently, priced in.
- Risk is further war escalation from the Israel-Iran tension
Suggested Trade:
Entry @ Area of Interest 1.0620 - 1.0650
SL @ 1.0589
TP 1 @ 1.0698 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.0758
Risk-to-Reward @ Approx. 2.44 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Demand Zone
EUR/USD SHORT TO LONG idea (towards 1.08200)My analysis for EU aligns with that of GU in terms of directional bias. I expect price to turn bullish from either of my demand points of interest (POIs), aiming to eventually mitigate the major supply zone within two days. This anticipation stems from the expected substantial reaction at the supply zone. While pursuing the buys aligns with a pro-trend approach, I plan to switch strategies once price reaches the significant supply zone.
Currently, the market remains bullish, prompting me to prioritize seeking buying opportunities near demand zones to drive price upward. The most intriguing opportunities for me lie within the demand zones on the 2-hourly, the 22-hourly below, and the two 4-hourly zones at the bottom.
Confluences for EU buys are as follows:
- Price has recently been in an uptrend, forming higher highs and higher lows.
- 2-day supply zone that needs to get mitigated eventually.
- Good demand zones left that price might pick up another bullish rally from.
- Liquidity to the upside as well as substantial imbalances that need mitigation.
- price has also recently broken structure to the upside once again to confirm the trend.
P.S. If the price maintains its upward trajectory, I will wait for it to decelerate and consolidate within my designated area. Upon closer examination, I've identified several refined zones, such as the 4-hour supply zone. In such a scenario, I won't rush but will instead wait for a thorough and significant mitigation before taking action.
Have a great trading week guys!
NZDCAD | MT Long H4 | Milk Economy Over Oil Economy? Pair: FX:NZDCAD
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames
- Price action is at a resistance trendline & also a horizontal trendline (Demand zone)
- Price is between the 61.8 - 78.6% Fibo retracement
- Aiming for the 38.2% Fibo Retracement which is also a supply zone.
Fundamental Confluences for Trade:
- Very different economies with market data gyration will pretty much determine the direction of this trade.
Suggested Trade:
Entry @ Area of Interest 0.8070 - 0.8100
SL @ 0.8021
TP 1 @ 0.8155 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8223
Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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NZDCAD | Long H4 | Buy Limit | Milk/Oil Economy - 2nd EntryTechnical Confluences for Trade:
- Stochastics are in Oversold Conditions on H1 & H4 time-frame
- Price action is close to a Demand Zone (Yellow Area) & has Support Trendlines around
- Aiming for the next Consolidation Zone of Price Actions
Fundamental Confluences for Trade:
- Very different economies with market data gyration will pretty much determine the direction of this trade.
Suggested Trade:
Buy Limit @ 0.8098
SL @ 0.8051
TP 1 @ 0.8150 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8213
Risk-to-Reward @ Approx. 2.40 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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EURGBP | Long H1 | Market Exe | Two Zones StoryTechnical Confluences for Trade:
- Stochastics are in Oversold Conditions on H1 & H4 time-frame
- Price is currently at a 78.6% Retracement level from Previous Low-High
- Price action should bounce between both Supply-Demand Zones
- Price is entering a Demand Zone (Yellow Zone)
- Aiming for the next Supply Zone (Blue Zone) at a 61.8% Fibo retracement & resistance from Trendlines
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8540 - 0.8550
SL @ 0.8526
TP 1 @ 0.0.8580 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8606
Risk-to-Reward @ Approx. 2.63 (Depending on Entry Level)
________________________________
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
CSPRUSDT | MT Long H4 | Casper NetworkPair: HTX:CSPRUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on H4 time-frame
- Price action is close to bottom of a Parallel Channel
- Price is entering a Demand Zone (Yellow area @ Current rice)
- Aiming for the next two Supply Zones (TP 1 @ Blue Horizontal Line & TP 2 just before Supply Zone)
Fundamental Confluences for Trade:
- Nothing much to talk about Crpyto fundamentals, too many tokens to look at and just look at it as a trading pair with liquidity
Suggested Trade:
Entry @ Area of Interest 0.02700 - 0.03230
SL @ 0.0246
TP 1 @ 0.0389 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.0453
Risk-to-Reward @ Approx. 2.51 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
DXY (dollar index)The dollar index broke the consolidation zone of the 106.200-105.500 range. the market broke out to a downside level and now tested its 105.500 level of support that's become resistance. If the market rejects this level then more downward to 104.800 which is the support and demand area.
XAU/USD (GOLD) bullish rally from 2300 or 2280Gold remains bullish for me, but the recent slowdown in momentum suggests a potential upcoming drop. We are currently in a 6-hour supply zone with multiple reactions already, and we might see another one after a liquidity sweep at 2420.
My main focus for gold is to observe a drop to form a new supply zone or witness a reaction from a marked-out demand zone on the 2-hour or 10-hour timeframe. Following this, I'll start looking for buying opportunities again, noting significant liquidity via Asia lows.
Confluences for GOLD Buys are as follows:
- Price is still in a bullish trend on the higher time frame and continued BOS has been present.
- Demand zones have been left that have caused the BOSs as well. like the 2hr and 10hr.
- Liquidity to the upside still left as well in the form of Asian highs.
- For price to continue in the bullish trend it needs to retrace and form another rally.
- Dollar also approaching a very good supply so if expected to drop gold could rise further.
P.S. If price breaks any of the key demand points of interest (POIs), I will watch for a Change of Character (CHOCH) to the downside, signaling a continuation of the new downward trend.
Have a great trading week!
EUR/USD imminent Longs up towards 1.07000
This week's bias closely resembles that of GU, where I'm seeking buying opportunities towards a subsequent selling position. With price melting down and breaking structure to the downside, it has created numerous imbalances that need filling, prompting this bullish outlook.
I'll be patient, waiting for the accumulation phase to complete along with a confirmation of change of character (CHOCH) to enter buy positions aiming for the newly established 10-hour supply zone. Subsequently, I'll look to initiate sells to continue the bearish trend downward.
Confluences for EU Buys are as follows:
- Price left so many imbalances above that need to be filled.
- In order for price to continue the bearish trend price must pull back up.
- Price is currently inside a 18-hour demand zone with a good initial reaction.
- DXY is also near a good supply zone so could expect the dollar to drop a bit this week.
P.S. Given the Asian low within my zone, I wouldn't be surprised if price dips further to test a deeper demand area below. Nonetheless, these long positions are merely a temporary move to realign with the prevailing bearish trend.
Have a great trading week guys!
GBPUSD Longs from 1.24000 up towards 1.25500This week, my bias for GBPUSD is to pursue buying opportunities to address significant imbalances above and to target the recent supply zone. Given the proximity of price to my 10-hour demand zone, I anticipate a temporary bullish move toward the supply area. With price currently exhibiting slower movement, I'll wait for an accumulation phase to develop before entering buy positions.
Once in buys, I aim to drive price up toward the 18-hour supply zone, where I'll consider selling positions to capitalize on the pronounced bearish trend. While the trend is strongly bearish at present, I expect a pullback to occur before initiating any actions in line with this strategy.
Confluences for GU Buys are as follows:
- Price left so many imbalances above that need to be filled.
- In order for price to continue the bearish trend price must pullback up
- Approaching a really nice 10hr demand that has caused a BOS to the upside.
- DXY is also near a good supply zone so could expect the dollar to drop a bit this week.
P.S. If price breaks below the 10-hour demand zone, which I anticipate holding, there is a robust daily demand level below that. However, if this scenario does not materialize, I will simply wait for a pullback to consider potential selling opportunities.
Have a great trading week ahead guys!
GBP-USDThe gbpusd pair breaks his support level which is 1.25200. The market creates a higher low structure. Daily candle body closed below the 1.2500 level, the market gave some retracement and then downward to the 1.2200 level which is an order blocker. If there is no stop then the higher support and demand area is 1.2100.
EURCHF - Wait For It ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURCHF has been overall bullish , trading within the flat wedge pattern in blue.
Currently, EURCHF is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong demand zone $0.972.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower blue trendline.
📚 As per my trading style:
As #EURCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC/USD analysis in 4h timeframeAs we expected bitcoin made a new all time high $73000 area and collect the liquidity over the last ATH $69000.
price is in a trading range between $60000 / $74000.
New flag limits are marked on the chart.
Bitcoin is forming a wyckoff structure and if it ingulf $58000 / $61000 demnad zone it will confirm the structure.
If the WYCKOFF structure is confirmed, price my fall down to $52000 Demand zone.
Otherwise if it gives us a bullish signal on $61000 Demand zone it will be a good investment too buy some #BITCOIN .
Americas Car Mart Testing Multi-Year Demand Zone (Buy Zone)Hi guys!
This is a MACRO Analysis on AMericas Car Mart (CRMT). Macro meaning larger timeframe aka the 2 week in this instance.
Macro moves tend to speak louder than smaller timeframes like the 1 day for example when they start to move in price.
I believe CRMT has come to an important area and poses a great trade setup in my opinion.
If we look to Price action.
Notice 2 Support trendlines outlined. These are MULTI Year Support zones.
When price reached the trendlines, we ended up bouncing UP.
Notice our current price indicated by Orange box.
Our 2 support trendlines have converged. When 2 support trendlines meet it strengthens the Support.
Also notice the 21 EMA (Purple moving average) -> We have been below this since Septemberish of 2023. Moves below 21 EMA especially on the 2 week pose for good Buy zones as well.
So the combination of converging Support lines and being below 21 EMA = Good area to take positions
Now notice the 2 indicators ive included. These are momentum indicators.
STOCH RSI has crossed BULLISH. (where blue line moves above orange line)
Momentum can pick up and start a move up once this crosses ABOVE the 20 lvl.
MACD is currently below the 0 lvl. With the histogram bars changing from dark red to light red. This indicates a waning of bearish momentum. It is also attempting to create a higher low. All good signs. Look for a Bullish cross and green bars to show up. That will help drive prices up.
A cross ABOVE 0 lvl would bring about massive moves up.
Continue to monitor the indicators and price to stay above the Support zone indicated.
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DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
$BTCUSDT in a bearish patternCRYPTOCAP:BTC has a strong bearish resistance line just above. We should get another rejection off the line and then downward movement. This movement should be halted around top of demand zone (65600) with ultimate support @ 65300. Will be a solid play to enter long from this price point.
XAUUSD Again Buy now !!!!!Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
GBP/USD short term longs to shorts 1.26000 back up to 1.27200I am currently holding a bearish view on GU, and I'm patiently waiting for a deeper pullback toward the primary supply zone. However, there's a nearby 1hr demand zone where we might witness a bullish reaction. If this zone fails, which is possible given the ample liquidity below, there's also a deeper demand zone just beneath it. We need to wait patiently to see how price behaves.
If price continues to rise, reaching the Asian high and trend line, it would strengthen my bearish bias and provide additional confluence for potential sells. Conversely, if price declines further, I'll be on the lookout for Wyckoff accumulation to unfold in either of the demand zones.
Confluences for GU short term buys are as follows:
- Price left lots of liquidity to the upside as well as an asian high that needs to get taken
- There is two 1hr demand zones that could initiate the expected pullback yet to come.
- For my sell bias to come into play, price must rally up which hasn't happened yet.
- Imbalances are left above that need to get filled.
P.S. If price continues to decline, I'll wait for a new supply zone to form and then consider selling from that point. Ultimately, the majority of liquidity remains situated below, influencing this decision.