Demand Zone
Resistance and support zonesI drew these support and resistance zones or supply zones and buy zones that I think are good places to put sell positions and buy positions when price does touch these areas, the timeframe is 1 hour so these should be pretty respected zones and great areas to sell and buy from.
LTC Long (conditional mid-term)#LTC Long (conditional mid-term)
If - then.
Why:
• General Bullish bias/Uptrend
Where:
• Lower border of 12H uptrend channel
• Volume POC of the range
• Zone begins: HL SSL
• Zone ends: Lower OB
• SL Under next swing low and demand POI
- Still in premium Zone.
Risk: Low
The probability of a general bullish uptrend continuation is always higher than the probability of a reversal.
Amount:
SL is medium sized- 4,3%
Safe entry on 1.86% x25
will expose you to the risk of 2% total.
BALAMINES: SUPPORT & RESISTANCE TRADINGBalaji Amines has been trading in a consolidating zone for an extended period, oscillating between well-defined support and resistance levels. This range-bound behavior reflects a lack of decisive directional movement, but also offers an excellent opportunity for range-based trading strategies.
Technical Analysis:
The stock has recently touched its support level for the 7th time, indicating a strong demand zone at this level.
The repeated testing of support without a significant breakdown strengthens the case for a potential bounce.
Key support: ₹ 1990-2000
Key resistance: ₹ 2441-2550
Trade Setup:
Entry: Near the support level around ₹1990-2000.
Target: ₹2441-2550, the upper boundary of the consolidation range.
Stop Loss: Below the support level, to minimize risk if the support fails.
Disclaimer: This analysis is for educational purposes only. Conduct thorough research or consult a financial advisor before making trading decisions.
EURGBP BUY SETUPKey Observations:
Liquidity Zone (Confirmation): The highlighted liquidity area represents a critical zone for confirmation. I need the market to grab this liquidity before validating my long entry setup.
Demand Zone: The area around 0.83172 acts as a significant demand zone. This is where buyers have previously stepped in, and I anticipate bullish momentum to emerge again.
Key Level at 0.83350: This is an important reaction zone, which could act as the first target for the trade or a consolidation point.
Imbalance Fill: The market is currently filling an imbalance (highlighted zone). I’ll monitor for bullish price action once this imbalance is mitigated.
Fibonacci Confluence (Premium Zone): My demand zone aligns with a Fibonacci retracement level in my premium area, adding confluence to the long trade setup.
Demand in Volume Profile: This demand zone also aligns with a high-volume area in the volume profile, suggesting strong interest from buyers, making this an ideal entry point.
Trade Idea:
Bullish Bias:
Entry Area: Around 0.83172 (demand zone).
Target Levels:
TP1: 0.83350 (key level).
TP2: 0.83650 (higher liquidity zone).
Stop Loss: Below 0.83050, to protect against demand zone failure.
Risk Management:
Maintain a risk-to-reward ratio of at least 1:2. Wait for the liquidity grab and signs of bullish momentum (e.g., bullish engulfing candle or strong rejection wick) at the demand zone before entering.
Volume, liquidity grabs, and Fibonacci align perfectly in my EUR/GBP long setup. Do you see the same bullish potential, or do you expect a bearish breakdown? Let’s discuss below!👇
XAUUSD 25/11/24Following last week's shift into a bullish narrative, we remain bullish on the higher timeframe. This outcome was anticipated in our previous reports, where we noted that failing to interact with key areas appropriately would likely result in a bullish shift.
As expected, the daily bias has also turned bullish, aligning with our forecast. We failed to engage with the liquid highs and areas of supply, resulting in a push upward and the establishment of a new upward trajectory. Currently, we have an unmitigated area of supply, representing a potential counter move. While this scenario is less likely, we are closely monitoring the area of demand at the base of the last major move. If the current upward trajectory breaks, this demand zone will be our focus.
As always, if the price continues downward to the demand area and fails to hold, we will look for lower points within the current range. Our bias will remain bullish unless the daily timeframe bias shifts again. However, if there is no pullback—as previously mentioned—this will be a counter-trend move, increasing the likelihood of another upward expansion. This would target pre-established highs and potentially breach the area of supply.
It’s also worth noting that there are several pockets of liquidity around the demand area, as well as liquidity above the major highs of our previous downward trade.
Trade safely, stick to your plan, and always follow your risk management rules.
GBP/USD Longs from this weekly demand This week, my analysis suggests that GU is likely to experience a bullish reaction from its current position. Price is sitting within a key weekly demand zone and has already surpassed the 50% retracement mark, signaling a potential area for long opportunities.
At the current level, there is a 1-hour demand zone nearby, with another demand zone just below it. I plan to watch for price accumulation in these areas, particularly to take out the weekly low. Once that occurs, I’ll look for my lower time frame confirmation to enter long positions. My primary target will be the Asian session high near the supply zone above.
Confluences for GBP/USD Longs:
- Liquidity Targets: Significant liquidity rests above, including the Asian session high.
- Supply Zone Mitigation: A strong supply zone above has yet to be mitigated.
- Retracement Setup: The bearish trend suggests the need for a retracement upward.
- Imbalances Above: Price has left clear imbalances that need to be filled.
- Weekly Demand Zone: Price is currently reacting within a high-probability weekly demand area.
P.S.: If price opens the week with bullish momentum but doesn’t provide a clear entry setup, I’ll shift my focus to the mitigation of the supply zone above. This would present potential sell opportunities to continue the broader bearish trend.
DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO.
With the Crypto Markets preparing for the next boom, I think this one will go again.
This dog went to the Moon, now Elon's gonna take it to Mars.
I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range.
DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis:
* Elliott Wave Impulse: Cycle A (white)
* Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal: Primary C (red)
* Bullish Divergence
* Demand Zone
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Double Bottom
It might take a while, but it proved to be a nice meme coin.
So, might as well get some if it provides a better level.
Bitcoin Dominance: Elliott Wave and Harmonics ComboBitcoin Dominance ( BTC.D) is giving a fantastic trading setup.
It's preparing a BIG Bullish Swing.
From an Elliott Wave point of view, a bullish Impulse Wave is about to start.
In this case I'm talking about Super-Cycle (C) (turquoise).
Moving on to Harmonic Patterns, there are two:
The smaller one is the Bullish Shark, which is preparing its completion.
The second one, and the bigger view, is the Cypher Pattern, which will commence one the Shark is done.
So, bottom line: BTC.D is gonna start flying, and will push the Crypto market into a fantastic Bull Cycle.
Bitcoin Dominance ( BTC.D ) Technical Analysis:
* Elliott Wave Impulse: Super-Cycle (C) (turquoise)
* Harmonic Pattern: Bullish Shark
* Harmonic Pattern: Bullish Cypher
* Double Bottom
* Bullish Divergence
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Demand Zone
Conclusion: Bitcoin (BTCUSD) is and always will be the one and only driver of the Crypto Markets.
10% PUMP Incoming If...Keeping an eye on $GRASS here. Once level is #reclaimed, 10% pump to next #resistance more likely.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Believe it or not, Bear Market is almost finishedhello traders
Bitcoin is outside its price range and approached a strong retracement area that is difficult to pass (MONTHLY IMBALANCE _ RESISTANCE BECOMES SUPPORT _ NOT FRESH DEMAND)
At least for the next period, Bitcoin will return to its price range, and there are other TARGETS that it can reach
UJ longsUJ is in a strong bullish trend right now, with a larger pullback at the moment which indicates that we can now wait for the accumulation in the HTF demand zone.
I will be waiting for price to slow down within this area, switch into a consolidation were liquidity will be build.
I will be monitoring price in this range on the 5 min TF, enter on the 2 min TF using my SMA crossover marker indicator and try to ride this thing all the way up to the HH target.
GU imminent buys to sell idea?My analysis for GBP/USD (GU) is still bearish at the moment, as the DXY (Dollar Index) has been very bullish. Additionally, GU has broken structure to the downside, and there's a clean supply zone that aligns with this bearish trend. However, as price is currently in my demand zone, I will be looking for confirmation to buy temporarily for a retracement.
If price does not respect the 1-hour demand zone, I expect it to accumulate slowly, approaching the demand zone below. In that case, I’ll wait for the price to reach this lower zone before looking to buy. If this scenario doesn't play out, I will wait for the price to rally up and then look for short opportunities to sell again.
Confluences for a GU Long:
- The market has been very bearish, and a pullback is likely.
- There is a lot of liquidity to the upside, including Asia session highs and trendline liquidity.
- A clean demand zone lies below a liquidity level, offering potential buy opportunities.
- The DXY has left imbalances below due to recent news, suggesting the dollar could decline temporarily.
Note: If price rallies up and breaks the current high, I would expect an upward continuation, as there's significant liquidity being built up above for GBP/USD.
Wishing you a successful trading week ahead!
GOLD BREAKDOWNA chart representation of what may happen on Gold in the week and beyond.
Monthly TF still looks significantly bullish as the Gold Market Price is currently still trading above the previous significant monthly lows. We don't need the price to just trade below but close below to ascertain the presence of weakness in the current bullish trend.
On the Weekly TF, price has shown a clear push signifying a building up in bearish momentum before and after the US elections last week. Nevertheless there is the monthly lows as support to hold off what sells we are seeing and resume bullish trend. Until the break of that area, we will only keep seeing the current push down as gathering liquidity to continue the preceding bullish pressure.
Coming to the lower TF, the chart clearly shows Possible rejection zones that may be used as indicated and based on special confirmations know to my trading style, I will be looking forward to join in for buys or sells where significant.
Fundamental - The uncertain nature of Trump's first approach upon assuming second term may stir trade tensions globally and mixed sentiments may have an effect on price volatility until his policy implementations are clearer.