Community Blog

Filtered by tags:  Demand And Supply
Avatar

EURCAD for 1st of june

eur cad is facing a great demand zone @ 1.5550
i think the price will reach it and then start to go up
Technical analysis eur cad
the pair is moving in down trend since the start of mar 2018 and broke many resistance zone on 4 hours frame
but currently the pair is facing a strong resistance zone @ 1.5550 and i think it will continue in going down until reach the zone then go up
General outlook for the pair:
The pair moved in the last weeks between 1.5600 and 1.5700
Pair recent direction : down
E…
Read full story
Translate to English Show original
orto leave comments
Avatar

AUD/JPY, retest the bottom and long

Dear you guys,
Price continue to retest the bottom ( Demand Zone ). Let's see if price react at this level. Zoom into the lower frame time and give your decision. If price break below this yellow area, my idea is invalid.
Trade wiith your plan.
Good luck !
Read full story
Translate to English Show original
orto leave comments
Avatar

How to identify demand and supply zones ?

THE ONLY TWO THINGS THAT MATTER IN TRADING

We all want consistent profits, lifelong income from speculating in markets. Anyone can have profitable trades here and there but do they produce consistent returns year after year? The goal in this article is to get right to the point of focusing on the two most important things in trading/investing that lead to consistent returns.
1. Quality Supply and Demand Zones: To identify market turning pointsand market moves in advance with a high degree of …
Read full story
Translate to English Show original
orto leave comments
Avatar

AUD/JPY, Demand Zone.

Dear you guys,
Price is on Demand Zone with Harmonic Pattern. Wait for price to consolidate, zoom into smaller frame time and take a long. If price break below 85.70, my idea is invalid.
Trade with are.
Good luck !
Read full story
Translate to English Show original
orto leave comments
Avatar

Analysing USDJPY on the weekly and daily and 4H timefrimes

Weekly view: What a week the USD/JPY pair has had! This has to be one of the most vicious buying tails (pin-bar candles) we’ve seen in a long time! Although price was actually stretched close to 600 pips during last week’s trade, the market closed a mere thirty or so pips below the prior week’s close (122.01) at 121.68 within a weekly swap (support) barrier at 122.01-121.40.
Daily view: From the pits of the daily scale, we can see that the 600-pip sell-off spike seen on the weekly scale took p
Read full story
Translate to English Show original
orto leave comments
Avatar

USD/CAD Bullish Flag

USD/CAD has been trading inside a wide range formation since beginning of the year, forming a bullish flag pattern (see Figure 1) which points for further gains once we break the 1.2830 resistance level. However first we need to clear the stops below current 1.2350 support level. This support level has been hit for just too many times and it's a warning that before to go up we must have a false
breakout to the downside to suck in seller and to wipe out the long weak hands.
Figure 1. USD/CAD W
Read full story
Translate to English Show original
Daytrader21 avatar

Update 1: As expected we managed to break below the big support level of 1.2350 as per my prediction, and coincidence or not we stopped right at the area highlighted by me in Figure 2. Now we should see the market return back inside the big range

VALTRAD avatar
VALTRAD 18 Apr.

Очень интересно, придётся исследование провести, копнуть глубже. А на истории похожие паттерны встречались? Зерно сомнения про поход вниз посеяно.

Daytrader21 avatar

Update 2: So far this pair has been moving as per my plan. Now we need a retest of former support level at 1.2400. At first this will produce a minor reaction but the momentum should keep pushing to the upside and ultimately to see this pair trading back inside 1.2400-1.2800 range

Daytrader21 avatar

Update 3: We're still consolidating inside a wide range between 1.2200-1.1950. We need a break above the upside resistance in order for it to gain more upside momentum.

orto leave comments