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DAY 16 - Keep it Simple - My Supply & Demand Strategy

I really don't go into all this terminology and try to keep it simple. All I look for in S&D zones are whether price left the zone with momentum and in doing so broke any support level, or price made a new lower low for sell and higher high for buy. How price is approaching the zone and whether there is enough space for a better risk to reward ratio.
After watching charts for so many years and losing hundreds of trades and trying different system, I came to realize that no matter how good our t…
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GBPJPY PRICE FORECAST FOR JUNE 2ND 2014

GBPJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Bi Weekly Chart
2) 2 Day Chart
Price Target 179.85 for 2nd June 2014

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alifari 11 May

Update 1: Price is currently about 80 pips below Monthly open price, while other major currencies weakened against JPY, British Pound remain resilient, which goes to show the strength of GBP. 171.20 is holding price for now and I am expecting bullish price action on this pair in next few days.

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EURJPY PRICE FORECAST FOR JUNE 2ND 2014

EURJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart

Price Target 139.00 for 2nd June 2014

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Maria_r 30 Abr

+1

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alifari 11 May

Update 1: As expected we saw a massive drop of 250 pips this week and there are no signs of retracement yet. 139.50 is next demand zone, where I am expecting some buying interest.

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alifari 28 May

Update 2: 139.50 demand zone didn't held and price broke through it and reach my target of 1.3900. We saw some consolidation at 1.3875 level and today that level was broken to the downside. Price is currently about 60 pips below my target of 1.3900.

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alifari 2 Jun

Update 3: Final price closed about 12 pips below my target, One of my best prediction considering monthly range was about 438 pips.

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AUDJPY PRICE FORECAST FOR 2ND JUNE 2014

AUDJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart

Price Target 98.00 for 2nd June 2014

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alifari 11 May

Update 1: Price tested broken daily resistance level at 94.45 and the level held on retest so now this level is considered as resistance turned support. There is daily supply zone at 96.00 which need to be consumed first before price could go higher. 

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USDJPY PRICE FORECAST FOR 2ND JUNE 2014

USDJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Daily Chart
2) H8 Chart
Price Target 104.50 for 2nd June 2014

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alifari 11 May

Update 1: Price is about 30 pips below Monthly open price and last 3 days price remained in a 55 pips range and as such next week I am expecting price to break support level at 101.28 level.

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USDCAD PRICE FORECAST FOR 2ND JUNE 2014

USDCAD: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart

Price Target 1.0850 for 2nd June 2014

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alifari 11 May

Update 1: We saw a false breakout of daily demand zone at 1.0875 to 1.0850 and price instantly reversed and weekly closing price is 1.0896, which is well above daily demand zone. The daily supply at 1.0940 should hold if sellers are in control and intend to take price down.

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alifari 28 May

Update 2: As expected the 1.0940 daily supply level held and price dropped down about 105 pips into daily support level. Price is currently about 25 pips above my target.

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alifari 2 Jun

Update 3: Another prediction that closed about 12 pips above my target.

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USDCHF PRICE FORECAST FOR 2ND JUNE 2014

USDCHF: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart

Price Target 0.8950 for 2nd June 2014

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alifari 11 May

Update 1: As expected daily demand zone at 0.8700 held and price shot up around 170 pips. Expecting price to hit 0.8950 level in next few days.

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alifari 28 May

Update 2: As predicted 0.8950 level hit and price went as high as 0.8990. I am expecting 0.9010 level to act as resistance. 0.8960 could act as support on any down move. Price is currently about 33 pips above my target. 

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alifari 2 Jun

Update 3: Another close prediction, price closed about 22 pips above my target.

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NZDUSD PRICE FORECAST FOR 2ND JUNE 2014

NZDUSD: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Daily Chart
2) H4 Chart
Price Target 0.8500 for 2nd June 2014

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alifari 11 May

Update 1: We saw a buyers trap (fake out) of daily resistance and price instantly reversed and dropped almost 170 pips from high of the week. I am expecting 0.8550 demand to hold price for now and retracement back into 0.8700 level where sellers are expected to push price down again towards 0.8500 level.

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alifari 28 May

Update 2: 0.8550 level held price for a short while but eventually the level was broken and price broke out 0.8515 major daily support level and went all the way down to 0.8467. Price is currently about 8 pips below my target.

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GBPUSD PRICE FORECAST FOR 2ND JUNE 2014

GBPUSD: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Bi-Weekly Chart
2) 2-Day Chart
Price Target 1.7000 for 2nd June 2014

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alifari 11 May

Update 1: Price is currently about 22 pips below Monthly open price. At the beginning of week we have seen massive buying interest on this pair and price came within 10 pips shy of 1.70 level. The whole up move was reversed in last two days. I am expecting 1.6820 level to hold and continuation of bullish price action next week.

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GBPJPY PRICE FORECAST FOR 1ST APRIL 2014

GBPJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart
Price Target 168.00 for 1st April 2014

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alifari 27 Mar

Update: As predicted the stacked daily supply zone between 1.7300 and 1.7400 zone pushes price down about 550 pips and price hit my target of 1.6800 on March 14th. Price is currently at 1.7000 level and I am expecting some selling interest at 1.7050 level taking price down once again.

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