-The Price is between the Major supply zone and a small hidden demand zone. -Once either side breaks out, it will move to a big one. -Wait to break any one of the sides. -Supply Zone: 1948-1956 -Hidden demand zone:1934-1936 -Below the hidden demand zone, can test 1900-1902 levels
- FXOPEN:AUDJPY Making a lower high on daily TF means it is trying to retest the near-demand zone marked in the chart. -Every bounce is a long trap/ sell on rising until it breaks the recent high of 95.140 prices. -It is in the channel. Just sell on rising recommendations. -All technicals are marked in the chart.
- FXOPEN:AUDCAD faced the supply near the 0.88170-0.87990. -Per the supply /deemand rule need to test multiple support lines again to cross the supply zone. -If the price closed below the MSL, there is a chance to test the previous swing low. -Recommended that wait for a long near MSL and SL should be 0.87139, and TP is the supply zone. -If long scenarios do not...
As analysed on July 10 regarding the short opportunity on USDJPY, moved perfectly and respected the deemand area. And made a double bottom or W pattern nearby. Now the price is bullish to touch the near high so every deep is a long opportunity. Unless the price break, the fresh low keet buys target the swing high /Major supply area.
The last week, XAUSD showed weakness, but on Friday, due to an event , price retrace near to supply zone. There decided zone near 1956-1962, above 1962 closing we can see another spike up and the chance to reach to 1980-1985 or above. If 1962 does not break, then search for a selling opportunity to sell and test the 1904-1895
As per the structure, the price continues to decline to reach the 1st deemand area to go further, and also, there are three deemand created in a 4hr time frame. If you watch the recent high and AO , there is a divergence between them Where the price makes higher high, but AO is losing the buying momentum and decreasing. Better to find a short...
Presently conditions look like Gold is near weekly and significant supply zone. There is a chance of retracement near 1936-1940. If the 4Hr price closed below 1933, sell on the rise and keep stop loss 1935.
The AUDCAD respected the support. and formed the double bottom with a low swing stop loss. All levels are marked on the chart. --------Disclaimer----------- Charts are for educational purposes. Non-advisory, discretional.
The EURUSD gave a channel break and went straight towards the resistance zone. If the first resistance zone breaks, then the central resistance zone has a chance to touch it. Every dip is a buying opportunity. --------Disclaimer----------- Charts are for educational purposes. Non-advisory, discretional.
The price is ready to retrace to the demand zone. Before going to the upside. Possibility of the double bottom near the deemand zone The reversal will happen after touching the 1st or 2nd demand zone
USDCHF is possibly a long trade; the reasons 1. It is near the support area and checks the previous bounce happening in the same area 2. Also made double bottom near the support area for double confirmation. 3. Low-risk and high-reward Other Info in the chart.
In Daily and Weekly, TF shows weakness, so every bounce is a shoring opportunity. There are two resistance on the chart in 4Hr TF, as marked in the chart. The strong support zone near 138.500-139.200.
Formed of CUP handle pattern and expected one up-move to reach the near-swing high. --------Disclaimer----------- Charts are for educational purposes. Non-advisory, discretional.
All the levels are drawn in the chart; please look at them. Gold is in a channel, and it respects the lower channel and price-taking support and bounce. Price need to sustain the channel.
USDCHF Long trade Idea. All structures are marked in the chart. This is for educational purposes.
All levels are marked on the chart. This chart for educational purpose.
All levels are marked and reason also. This chart is for educational purposes.
All levels are marked and reason also. This chart is for educational purposes.