Supply Demand Technical Analysis

Gold just created another low and broke the major uptrend. A retracement can be expected this week around this area.

 

So speechless about what happened on AUDUSD after I shared the setup last week. Drop 300+ pips from the area we were looking for... Congratulations!

 

The same goes for NZDUSD which went in the same direction. Congratulations to those who took the setup.

 

And this week we are going to look for another continuation setup, GBPNZD spotted another hint for uptrend continuation. Just be on lookout on this area.

 

EURGBP, on the other hand, is on the big sideway. So we're going to bounce up and down, starting by looking out for selling opportunities in this area.

 

Not much to look out for this week but I found several setups worth the wait. EURJPY just wait on this supply area where the price broke the previous low. Expecting a sell opportunity.

 

Might be a little late for GBPAUD to buy, but expect a retracement to this demand area so we can ride the buy.

 

A bit different, try to sell GBPNZD on smaller timeframe, the target below can be used later to buy.

 

Seems that EURGBP didn't give any selling confirmation and the price broke above. SO in this case, we're going to look for a buying opportunity on this pair.

 

A bit reminder of EURGBP as the price is approaching the demand area... Just wait and see the price to react...

 

Expecting EURUSD to continue the big trend as the price is trying to retrace to this supply area... just sell when the confirmation hits on the smaller timeframe...

 

The equidistant channel can be applied to Gold and we can expect another sell once the price is hitting either of these areas...

 

USDJPY, on the other hand, there is a hint of trend changing pattern that we can expect around this area. SL can be even smaller on smaller timeframes.

 

This week we can try to hit GBPUSD to sell as the price is residing on an area where you can look for the confirmation on the lower timeframes.

 

EURJPY, on the other hand, a bit late but you can also sell. Just look for continuation pattern on the lower timeframe as this one doesn't show any hint.

 

Who took USDJPY on the last week's setups? At the very least, this covers the loss on the other setups. Congratulations...

 

Also another example of a continuation pattern for future setups. Just look for a break on the current high/low and look for any area that suits your SL point.