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Supply Zone

DAY TRADING: SHORT EURUSD. TARGET 1.07940TRADE TYPE: INSTANT ENTRY SHORT TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 1.08500 STOP LOSS: 1.08900 TAKE PROFIT: 1.07940 RISK TO REWARD: > 1:1 ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high Follow this thread for any future updates regarding this specific trade. CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
Short
by FX618Analysis
DXY USD - MONTHLY ANALYSIS - CORRECTIONThe USD has been in an uptrend since March - 2008 and has been dominating the financial markets and the global economy with toxic pressure since last year. - Today, I would like to present an analysis that takes a closer look at the USD (DXY) from a monthly perspective. We are at several relevant resistance points: 1. FIBONACCI RETRACEMENT | 0.88 - is about to be tested. -> 0.88 FIB = 114.979 -> Marked as a "blue" line on the chart. + Next psychological number would be 115,000 as resistance. -> Psychological numbers are relevant decision points, because the human brain (subconsciously) prefers round numbers, at which more orders are placed. 2nd RESISTANCE TREND LINE | from 2008 -> 7 points of contact since the formation = very strong resistance. -> Drawn as "red" line in the chart. 3. SUPPLY ZONE | from 2002 (gray) -> Time expired, but still psychologically relevant for market participants. -> Drawn in as a "gray" box in the chart. 4. POINTS OF INTEREST -> Points, which are mostly a psychological number, at which some liquidity was traded in the past. = these points can be seen as both "support / resistance". -> Drawn as "turquoise" lines in the chart. These are now only a few indicators of those which are available to us all. However, even without indicators, it can be seen that the USD (DXY) is clearly overbought and a correction (from a chart-technical point of view) should be imminent. Regardless of our analysis, the macroeconomy currently determines the further course of events. Detailed price predictions are thus a matter of blind potshots, and that is the last thing we need in trading. "Correction scenarios" 1. We see a reaction of the trend line and the 0.88 Fibonacci and will correct a little. -> Possible correction target = 107 points 2. The DXY breaks the trend line and the 0.88 Fibonacci and is then finally stopped out by our "SUPPLY Zone + the Points of interests". -> Possible correction target = 109 points "Breakout scenarios 3. The DXY breaks through all marked resistances, makes a fakeout and enters the correction. -> Possible correction target = 111 points 4. The DXY breaks through all marked resistances, confirms its breakout and starts its journey to the 1.618 Fibonacci. -> Possible correction target = 152.129 points Alright, now we can only wait and see what the future will bring us. - Feel free to discuss it in the comments and share our perspectives. Thank you very much and happy trading!
TVC:DXY
by ZielIstDieAutarkie
MANA IS NO 2 FROM A LIST OF 13 CYCLE COINSWe did study the trend and made depending on the cycle calculate the total of the 13 cycle coins. We did a choice of coins that have a high possibility to increase in the coming time. To make a choice like this we did a study from TA until the transaction data of a coin to get the right image of the trend. Mana seems very interesting for the trend, and depending on our study is that Mana has a high chance of breakout out. The breakout point between $0,74 and $0,80, Mana makes a high chance of breakout with a trend above 1 USD. WE know that most of times cycle coins going into unexpected breakouts. Our target for Mana for the coming time is $1.70 Mana has shown interesting patterns, and same time also a whale follows DCA, which makes this coin very interesting for this cycle. In our service district , we did add the rest of the 12 coins see below the update. Share your idea about what you think about Mana. Let's see if this target of $1.70 can become real price action coming time. 🌠And at the same time if this coin can show the effect of a real cycle coin.🌠
Long
by Goldenbreakout
3
EURCAD possible sell setupEURCAD was trending bullish from quite a while we shorted it last month from the top and now market is back at the same strong resistance area with also a strong supply zone i am looking for a bearish rally down to the mentioned area look for confirmations on lower time frames and sell EURCAD with your own money management key to remember is both scenarios possible which after mentioned there it can drop straight or it can drop after a spike to upside always remember patience an discipline are the key to success
Short
by Hamaitifx
2
xauusd idea...hello guys... if gold break up that red level it determines the continuation of the upward movement and in my opinion, xauusd will form a three drives pattern and reach to 1.6 fibo level (almost $1882)... but if gold doesn't break red level be ready for hunt setup and get short position... every movement depend into this critical level... this analysis will be update after break or return! always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
OANDA:XAUUSD
by melikatrader94
34
CrowdStrike Buy ZoneThe area that interests me is the supply zone notated by the Orange Rectangle. Aside from an obvious supply zone, CEO Roxanne Austin has purchased nearly $6 million in shares over the New Year holiday. Some speculate that growth is a concern, but that is a concern with all growth stocks; what if they were to stop growing? There's always a risk investing money into any company, but CRWD demonstrates it's value to shareholder's through it's outstanding customer retention rate, most fortune 500 companies use Crowdstrike Software. There is a solid short-term double bottom forming in the $90's. My price target is $104 short term and $150 + by EOY.
NASDAQ:CRWDLong
by DontSlamTheDoor
BTCUSDT is in Supply area!The price is testing the supply area as I said in my previous idea and the market printed another HL. The price had a breakout from the ascending channel and retest the upper trendline as new support. The price could have another bullish impulse until the 0.618 Fibonacci level, where the price has another resistance. How to approach it? We are monitoring the price and we are waiting for a clear movement. Long scenario: Breakout and retest (daily close above the 17600 Short scenario: Breakout and retest the support as resistance on 17100 (daily close) Both scenarios need to analyze again with Plancton's Strategies
by InkyGrip
14
BTC - Critical Area For A Potential Correction!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we know that BTC has been slightly bullish trading inside the red rising broadening wedge pattern. BTC is currently sitting around the upper bound of the rising broadening wedge acting as a non-horizontal resistance. Moreover, the blue zone / 17500 is a supply zone. For the bears to take over short-term , and start a correction till the lower red trendline, we need a break below the last low in green. Meanwhile, BTC would be bullish and if we break above 17550, expect further bullish movements. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
35
BTCUSDT is inside an ascending channel during consolidationBitcoin had a false breakout from the ascending channel at 18200$ area. The market grabbed new liquidity and creates a new breakout from the old low and channel. the price bounced from the new low until the 0.618 Fibonacci level, that level is crucial for the retracement. Thus the price started with the consolidation phase with a clear range, where the price created the ascending channel inside it and the market printed HH (higher High) and HL (Higher Low). Usually, it's an uptrend pattern. on the 17400$, Bitcoin has the supply area, where the market grabbed the liquidity to create a new breakout and new Low, for that reason we sign it as "Key Level". How to approach it? The price could create a new breakout from the consolidation channel and retest again the Supply area as resistance, in that case we are going to monitor it in order to apply Plancton's Rules ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
22