SUPPLY AND DEMAND - NZDJPY (5-11 Dec 2021)MN TF:
SELLING pressure
W1 TF:
Reaching Fresh Demand area - good place for LONGs as price will react to the demand zone.
D1 TF:
Prepare for Fresh LONGs
H4 TF
BUY zone identified
Weeklyforecast
SUPPLY AND DEMAND - GBPJPY (5-11 Dec 2021)MN TF: Downtrend
WK TF: Sideways
D1 TF:
To observe what price will do. No strong movement , not a high probability trade
Wait for price to break another demand, before looking for SELLS
SUPPLY AND DEMAND - US2000WK tf - long bias
D1 direction
price needs to decide where it will go
H4 intermediate
Potential H4 supply zone will be formed if price breaks H4 demand zone
SUPPLY AND DEMAND - EURGBPW1 Tf - LONG bias
D1 Direction
See where price will go next week.
1) If price does not break D1 supply, go for SELLs and follow the market
2) If price breaks D1 Supply, look for BUYS (higher probability)
H4 Intermediate
Buy opportunity
H1 Entry - buy zone identified
Temp buy before price reaches high curve in Supply zone
SUPPLY AND DEMAND - AUDCADW1 TF - reacting from Demand Zone
D1 Direction
Price range is too narrow. Need a strong breakout trend before setting any trades.
NO trade.
SUPPLY AND DEMAND - AUDCHFW1 TF - Long Bias
D1 Direction
Reacting off D1 Demand already
H4 Intermediate
Wait for price to break H4 supply before looking for BUYS
SUPPLY AND DEMAND - GBPAUDW1 Tf - short bias
Price reaching W1 Supply
Get ready for SELLS
D1 Direction
Fresh SWING opportunity if price reaches into D1 Supply zone
H4 Intermediate
No nice zone to sell from
H1 entry
Sell zone identified if price goes back to Supply zone
RR: 1:3
SUPPLY AND DEMAND - AUDUSDW1 Tf - long bias
D1 Direction
Price reaching fresh D1 demand zone. New buy opportunities
1H buy zone identified
Wait for price to be triggered. To set BUY limit orders when market opens.
SUPPLY AND DEMAND - XAGUSDW1 - Short bias
D1 Direction - to observe
No trade till price breaks D1 Demand zone before selling in lower Tf
SUPPLY AND DEMAND - XAUUSDW1 Tf - Price direction is unclear yet
D1 Direction
Reacting off D1 demand - look for quick LONG opportunities
H4 Intermediate
H1 entry Tf
Look for BUYS after price breaks 1H supply zone
SUPPLY AND DEMAND - GBPUSDW1 Tf - short bias
But price reversing soon as it will reach W1 demand
D1 Direction
NO trade yet.
See where price will go - price dips into demand zone.
SUPPLY AND DEMAND - GER30W1 - Long Bias
Provided that price does not break Demand zone.
If price breaks W1 demand zone, continue to sell to the next W1 Demand zone
D1 Direction
NO trade yet
See what price will do next week
SUPPLY AND DEMAND - HK50W1 - Short Bias
D1 - Direction
Price is consolidating in between zones
H4 - intermediate Direction
Price is unclear at the moment, need to observe
1H Entry TF (temp buy as D1 Demand zone is unbroken yet) - need confirmation
Buy zone identified
TP:
about 1:3.42
SUPPLY AND DEMAND - UK100WK TF - short bias
D1 Direction
Retracement
1. If price does not break SUPPLY, then SELL
2. If price breaks SUPPLY, then buy from the new DEMAND zone that was formed
H4 intermediate
TO observe where price will go before deciding
1. If price does not break SUPPLY, then SELL
2. If price breaks SUPPLY, then buy from the new DEMAND zone that was formed
1H Entry
Only good for SELLS.
T: 1:3.4
SUPPLY AND DEMAND - US500As of 21 Nov 2021
WK TF - long term bias
D1 Direction
Price retracing, to continue uptrend
H4 intermediate TF
For 1H ENTRY: wait for price to retrace back into GREEN zone before setting BUY orders
For 15M ENTRY: Price must break 1H supply zone before setting BUY orders
(CLEAN VIEW)
TP: 3:1
SUPPLY AND DEMAND - NAS100WK TF - Long Bias
D1 - Direction
Strong uptrend
H4 - Intermediate TF
New zone created (blue dotted lines)
15M entry TF
1st buy zone identified (not so ideal)
2nd buy zone identified (better zone)
TP:
1st: 3.4
2nd: 8.64
USD/JPY Forms Shooting Star In Weekly Sell With Target of 111.1USD/JPY Forms Shooting Star In Weekly Candle. Sell With 1st Target of 112.1 and 2nd Target of 111.1 SL 115
Bitcoin Highest closed on weekly chart!! what could next? Technical Analysis: #BTC Update(Weekly Chart):-
Another Highest Weekly Close ✅
5th Consecutive Weekly Candle Closed above the 60k Crucial S/R Level..
Currently #BTC is facing resistance at $66000-$66500
Once It closes above $67000K on daily time-frame we can expect a new mega rally soon
The weekly candle also managed to close bullish ✈️
Bulls are really more powerful than bears at the moment.
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#bitcoin #crypto #nextmove #bullmarket #weeklyclosed
WTI: Weekly Forecast 7th November 2021WTI turned bearish last week as it broke below the bottom of a range at 81.
Although the break-below did not cause the drop to continue and the price has rebounded off strongly on last Friday, the structure of both lower highs and lows is still favouring a bearish market this week.
The oil market could still be in a major correction and more downside can be seen still.
This week, we will be looking for a selling opportunity at the beginning of the week since it is already very near the supply level at 82.
We will be targeting the key demand level at 76.3.
Gold: Weekly Forecast 7th November 2021Despite the dollar has strengthened, the gold marked a strong weekly gain and breaks towards the upside.
This could certainly help the gold to climb further but it will face strong resistance at the top of the symmetrical triangle and a strong supply level at 1828 which could provide a good short-term sell opportunity.
After which, we will look for a buying opportunity again as the price pulls back towards 1807, follow by 1790 which is near the bottom of a newly formed rising channel.
As such, we will have both buying and selling opportunities and this week's movement will give us a better idea whether the gold is ready for another bullish run or remain range-bound within the symmetrical triangle.
