Supply Demand Technical Analysis

Discussion in 'FOREX and CFD forecasts (metals, shares, futures)' started by Tengkorakfx, Dec 27, 2018.

  1. Tengkorakfx

    Tengkorakfx Active Member

    Do you know that NZD and AUD is pretty much correlated? You can take a look at AUDUSD first from the pattern of its movement

    [​IMG]
     
  2. Tengkorakfx

    Tengkorakfx Active Member

    Next is NZDUSD. Almost in any timeframe, you can expect the same movement. But this doesn't mean that you can apply the same orders for both pairs. Make sure you apply proper analysis first for applying the trades.

    [​IMG]
     
  3. Tengkorakfx

    Tengkorakfx Active Member

    Here is the trick. Open your MT4 and just put these pairs side by side. It can either scalping or day trade, look for reversal, and put your trades with its own risk numbers. Even the main trend looks the same.
     
  4. Tengkorakfx

    Tengkorakfx Active Member

    Now let's see some major pairs before NFP. We will try to open a trade right before the news. First, Gold. You may trade on the breakout of the trendline or put a sell limit on the supply area.

    [​IMG]
     
  5. Tengkorakfx

    Tengkorakfx Active Member

    The second one is NZDUSD where you can pretty much sell on the ongoing retracement where the price previously broke the trendline that I created here.

    [​IMG]
     
  6. Tengkorakfx

    Tengkorakfx Active Member

    Yesterday, GBPUSD spiked as others GBP-correlated pairs did. Now you can try to put sell on this supply area and set the SL above it

    [​IMG]
     
  7. Tengkorakfx

    Tengkorakfx Active Member

    Looks like last week's charting was not a good one since the NFP gave a bad result. But now looks like USD is about to be on it's strength. As we can see On Gold on weekly timeframe

    [​IMG]
     
  8. Tengkorakfx

    Tengkorakfx Active Member

    As we can see on the hourly timeframe, you can look for a retracement after breaking the current trendline. Keep watching on it

    [​IMG]
     
  9. Tengkorakfx

    Tengkorakfx Active Member

    Another pattern is seen on USDJPY where it is time to look for buying opportunities. This is the daily chart

    [​IMG]
     
  10. Tengkorakfx

    Tengkorakfx Active Member

    Here is the hourly timeframe for USDJPY. You can still buy not with SL on Wednesday's low. Later when it's on 40+ pips, move it to breakeven.

    [​IMG]
     
  11. Tengkorakfx

    Tengkorakfx Active Member

    Looks like the setups on Gold and USDJPY worked like a charm. I bet you have gathered more than 200 pips in total. Although with a flow that you had to do instant sell on Gold.
     
  12. Tengkorakfx

    Tengkorakfx Active Member

    EURAUD is on the downtrend and you can take a short-term buy from this area. Get it now and see the movement next week.

    [​IMG]
     
  13. Tengkorakfx

    Tengkorakfx Active Member

    Same setup goes for GBPAUD where you can look for buying confirmation on this demand area. Just make sure your SL is not more than 50 pips.

    [​IMG]
     
  14. Tengkorakfx

    Tengkorakfx Active Member

    Update for Gold since it's currently on downtrend. I may want to look for reselling on its current trend and wait till this area for buying setup.

    [​IMG]
     
  15. Tengkorakfx

    Tengkorakfx Active Member

    Looks like we can expect something great next trading week on the new month of March. A pinbar candle is happening on few major pairs. Look at this USDCAD for example.

    [​IMG]
     
  16. Tengkorakfx

    Tengkorakfx Active Member

    Another one spotted on GBPUSD where you can look for sell later on. Keep on the lookout.

    [​IMG]
     
  17. Tengkorakfx

    Tengkorakfx Active Member

    It is also happening on NZDUSD where you can just sell on some areas on lower timeframes. Go take a look and watch it later.

    [​IMG]
     
  18. Tengkorakfx

    Tengkorakfx Active Member

    Similar but a bit different for Gold. Just make sure the retracement up later is not as strong as the bearish candle.

    [​IMG]
     
  19. Tengkorakfx

    Tengkorakfx Active Member

    Last week's setups were failed. It's a minus -50 pips from the overall earnings of this month. At least 1:2 risk-reward ratio will save you from a bad day.
     

Share This Page