Intra-day trade idea: I would prefer to wait and see for price to break another structure to confirm bullish intentions, otherwise, in the higher timeframe price is still currently very bearish. The example on the right hand side is what I talked about in one of my posts on how to identify a bullish / bearish trend . If you haven't already done so, check it out!...
Intra-day trade idea: Price is in a downtrend, as it shows in the chart, price has been creating LLs and LHs. I'm currently interested in looking for short orders from the supply zone marked above, I've also marked the hourly to make sure I don't over refine the zone.
Intra-day trade idea: Demand is currently in control of the market. These are the demand levels I'm currently interested in looking for long orders. I would prefer if price did pullback at the extreme demand as there are still imbalances left there. Price is currently trading in the 15min supply zone which may potentially drive price to pullback to one of these...
Intra-day trade idea: These are the demand zone levels where I'm interested to looking for long positions from. The price was bearish during london session, however, as we can see on the chart that the bearish momentum slowed down and bullish momentum kicked in creating new demand levels that are currently in control. I'm anticipating for price to go higher and...
Hi everyone! I didn't really find anything that interests me in today's EU price action. So instead, I'm posting a tutorial on how to correctly identify a trend. This is very important for all traders as we should ideally be trading with the trend. There's actually this saying that goes, "trend is your friend" I'm sure most of you, if not everyone, already knows...
Intra-day trade idea: The 1h supply zone had failed to hold the price down and has created a new demand zone in the 15min timeframe. The new demand is where I would be looking for a long position to target the 1h supply (labelled as final target) where I would ideally look for shorts. This approach is a counter-trend move because we are still obviously very...
Intra-day trade idea: As EURUSD continues to plummet, I'm currently interested in this area in 1h supply zone to look for shorts. This supply zone was created after the 1h demand zone (from yesterday's trade idea) didn't hold price, which shows that currently the demand zones are not holding and supply is in control.
Intra-day trade idea: Price is currently in a bearish momentum with no confirmations to go long in the 1h demand zone, now that there's a new supply created in the 15min timeframe, I will be looking to take shorts instead either from the 15min supply or continuations.
Intra-day trade idea: Price is finally almost in the 1h demand zone, I will be looking to take a long order from this area and at the same time aware that the current price action is bearish - which is why it is important to wait for confirmations before taking the trade otherwise we follow the momentum down if price breaks this demand.
Intra-day trade idea: Currently price is reacting to the 15min demand zone which might be temporary and we may potentially see the price go lower to the 1h fresh demand zone and continue going up from there. The reason why I see it this way is because there are still imbalances to be filled, however, we should remember to react to what price shows us and not rely...
Intra-day trade idea: Price didn't pullback to either the 1h or 15min demand zones from yesterday and instead made a new high during today's London session. Now that there are new demand zones created, I will be looking to take longs and adapt to the current price action.
This Intra-day trade analysis is an update for the one I've posted earlier, the supply zone in 15min timeframe gave a little bit of reaction but eventually didn't hold. Instead, price went higher and reacted to the 5min supply zone just above the 15min supply zone where I was originally looking for short orders. I took a short order based on the 5min supply zone...