Institutional Supply: EUR/GBP ShortHi Max here again,
This is another EURO pair which is moving nicely towards the next supply area. If you have been paying close attention, long-term this chart has 3M/1M/1W and Daily Supply zones, initiating the recent daily move to the downside.
Personally, I believe that price can chill around in our next supply area and start declining from there if the 4hour chart shapes up how we like it. To learn more about my style, make sure you watch the video on my tradingview channel!
I'll be waiting!
Kind regards,
Max Nieveld
Structure
Institutional Supply: EUR/CHF ShortHappy monday!
Pretty nice and large watch list for this week, I'll share some charts today, starting with the EURO against CHF.
This pair is often pretty choppy, but finally we got a clear supply area located above current prices. My game-plan is always the same:
Analyze the daily time-frame, when significant areas are confirmed by my rule set, I move to the HTF's, and then wait for the confirmation on the 4hour and 1hour chart to execute my buy or sell orders.
Let's be patient!
Kind regards,
Max Nieveld
Learn How Support Becomes Resistance
Support and resistance levels are important points in time where the forces of supply and demand meet. These support and resistance levels are seen by technical analysts as crucial when determining market psychology and supply and demand.
Support is the level at which demand is strong enough to stop the asset from falling any further.
Resistance is the level at which supply is strong enough to stop the asset from moving higher.
The psychology behind support and resistance.
First let’s assume there are buyers who’ve been buying a stock close to a support area. Let’s say that support level is $50. They buy some stock at $50 and now it moves up and away from that level to $55. The buyers want to buy more stock at $50, but not $55. They decide if the price moves back down to $50, they will buy more. They’re creating demand at the $50 level.
Let’s take another group of investors. They were thinking about buying the stock at $50 but never did before. Now the stock is at $55 and they regret not buying it. If it gets to $50 again, they will not make the same mistake and they will buy the stock. This creates potential demand.
The third group bought the stock below $50; let’s say they bought it at $40. When the stock got to $50, they sold their stock, only to watch it go to $55. Now they want to buy it back at the same price they sold it, $50. They’ve changed their sentiment from sellers to buyers. This creates more demand.
A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role.
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GBPUSD TRADE PLAN UPDATEhello all
After a price pullback and breakout of H4 resistance following a breakout at level 1.195966, my plan was to short this trade because gravity tends to help traders earn minor profits most of the time.
If the price can remain below the resistance level, I think there is further room to fall.
good luck & cheers
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NAS 100 I Local short opportunity Welcome back! Let me know your thoughts in the comments!
**NAS100 Analysis - Listen to video!
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GBPJPY I It will retest previous structure broken and riseWelcome back! Let me know your thoughts in the comments!
**GBPJPY Analysis - Listen to video!
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ASIA NJ 618 LIMIT ATRNJ and AJ seem to be the last pairs to want to join JPYs downfall, this could either mean we can expect a pullback on all JPY pairs or that its simply late to the party and still gathering volume for a bigger push up.. not sure, but decided to test this hypothesis by entering a limit buy order at the 618 which was just hit. SL used was our ATR formula for a minimum target of 1:2
MARKET STRUCTURE IN US_500 (SP_500)The S&P 500 index is currently in a bullish trend, forming higher highs and higher lows. However, it recently created a series of equal highs, followed by a lower low. If the index breaks below the recent low, it could be an indication that the trend is turning bearish. On the other hand, if it breaks above the equal highs, the bullish trend is likely to continue. Traders should keep a close eye on these key levels and use them as potential points in their trades. Happy trading!
GBPAUD short setupOn a daily time frame, GA has formed H&S and it's in a downtrend, so overall bearish setups are preferred.
Price is now on a very good position for sells, we have:
1. Clear downtrend
2. Retesting a structure
3. 4H 50EMA
4. 50% fibs
5. Bigger pattern in play
All I want so see is 30m wedge or pennant just so price can move sideways to touch the trend line, and ofc this can be a sign for a rejection from this level.
NZDCHF I Local short from resistance zone Welcome back! Let me know your thoughts in the comments!
**NZDCHF Analysis - Listen to video!
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Shino/Wethanother micro cap with vague connections to shib that looks like its bottomed , making some structure in the bottom there, ultra tiny market cap here just 25k, and not much liquidity so go easy on the buy amount or you'll get rekt on slippage, ultra risky play but, what can i say- shitcoin maximalist..
BTCUSD 3DPrice has slowed down momentum here at the key higher timeframe downtrend structure region. This is a big indication that a potential reversal may be coming, as price is failing to break higher at this key region. A break of the rising channel on the higher timeframe & we may see the sellers come back in to push price lower.
GBPJPY I Short until resistance brokenWelcome back! Let me know your thoughts in the comments!
**GBPJPY Analysis - Listen to video!
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EURCHF I Short from supply zone Welcome back! Let me know your thoughts in the comments!
**EURCHF Analysis - Listen to video!
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USDJPY I Short from resistance zone Welcome back! Let me know your thoughts in the comments!
**USDJPY Analysis - Listen to video!
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How Far/Long Can BTC Push Higher? 🕝Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 As per my last educational post, we know that we might be in Pattern 4 => falling correction after a bearish impulse, leading to a bullish reversal.
As mentioned, our confirmation would be a weekly candle close above the last major high in green (22500)
Now since, we broke above it the last high, how far can BTC push higher?
The first / next rejection is now around the previous major high around 25,000 in blue .
If / Once the 25,000 high is broken higher, then a movement till the 30,000 resistance / supply would be expected.
N.B. Always Remember, nothing moves in a straight line, so we might have a correction (as a higher low) along the way.
📉Which scenario do you think is more likely to happen? and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
🗒 All Strategies Are Good; If Managed Properly!
~Rich