Supply_and_demand
GBPJPY will be Short till 162.00
GBPJPY will be Short till 162.00, its a bullish retracement .
here is a strong Demand Zone at 162.00 .
Hopefully, we can see bullish from 162.00 with some small retracement to Long 170.00.
Trade safe with Tight Risk and Money management.
Thanks for Likes and Boost Friends.
Clean science is at juicy levelsClean science been consolidating for about 2.5 Months now and gave a real good breakout from a range in inverse head and shoulder pattern formation. The prior downtrend shows that there is consistent pressure from sellers but a turnaround after consolidation shows that bulls taken charge again. Also the big 200MA also taken out by bulls.
The only concern here is that breakout volume is low. So say, if in upcoming weeks the volume also picks up, then we can enter at value levels of 1800 and around it.
Happy Trading :)
Disc: Chart posted only for learning purpose.
supply demand conversion zone
** This is a weekly time frame analysis (it is not like one buy and price start to move , it takes time to fly)
** Biocon is seating at demand zone (300-280)
**Stoploss -258-263
** targets_ 1st-382, 2nd- 426,3rd -483
This is simple setup for medium term swing trade ( success rate - 58% but reward are multifolds)
One should apply this strategy and find their own way to enter and exit.
EURUSD near Demand Zone EURUSD near Demand Zone retracement it can bounce to Long till 4hr Supply zone. We may expect some Bullish on EURUSD this week. Thank you Friends.. Happy and Safe Trading. Plz, Don't forget that Trading is the Probability always use Risk and Money Management.
Note: This is my Analysis, Its an Educational Purpose. Thank all.
Evening StarAnother reversal pattern at important juncture,
It seems like profit booking has occurred at supply zone.
Evening Star formation :
The support holds at low of first candle and same level has been tested today
17300-350 level is the point of the control zone , it has maximum volume spread.
Price pattern has created a confluence zone ,
It would act as strong support but if it goes below it, heavy selling is likely to occur
Nifty AnalysisNifty retracing back after kissing 18,000 levels and breaking 1hr trendline. Gaps made between 12-16 August & 11-12 August are also filled today. Nifty spot is currently at support zone of 17480. Bounce from current support level will take Nifty to 17700, while a breakdown of this support can take prices to 17200 and below.
Basing and Breakout formation Basing : Its accumulation phase where smart money comes in, it acts as a base.
Here price may follow the previous trend or shows reversal
Always take partial position, don't get trap by infusing entire position.
Volume activity remains low and you may see some heavy buying at support.
Psychology : participants are not ready to participate actively, it lacks enthusiasm.
Breakout phase :
Here, It may break the support or resistance The bigger the base, the stronger the rally can be.
If it breaks resistance add up your position and if it breaks support cut out your position.
Psychology : Here you will see the moment in price activity with higher spikes in volume.
Here they get the direction.