Supply Demand Technical Analysis

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

  1. Tengkorakfx

    Tengkorakfx Active Member

    USDJPY is on the watch for tomorrow. Watchout for a retracement acound this demand area...

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  2. Tengkorakfx

    Tengkorakfx Active Member

    Another one to watch is GBPCAD since the price hit the supply area. A break of a trendline would be the first indication of a downward movement

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  3. Tengkorakfx

    Tengkorakfx Active Member

    Let's go for EURUSD this time, look for selling opportunity around this supply area, better zoom in for precise sell

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  4. Tengkorakfx

    Tengkorakfx Active Member

    Another one to watch is Gold, a swap zone is a good area for buying as the price still retracing from a previous uptrend

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  5. Tengkorakfx

    Tengkorakfx Active Member

    Some pairs had some gain due to the current outbreak. I noticed that USDJPY is hitting lower trendline that I put it here. You can see here as a base of your analysis

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  6. Tengkorakfx

    Tengkorakfx Active Member

    The next one is EURUSD that I noticed it got stronger on the past few days. Expect retracement before the next buy

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  7. liafatlouie

    liafatlouie Member

    What is the current condition of the EURUSD is happening with the COVID-19 coronavirus pandemic ??
     
  8. Tengkorakfx

    Tengkorakfx Active Member

    A bit manipulative since some of the big traders were taking some profits. But it doesn't mean that the market is not moving later
     
  9. Tengkorakfx

    Tengkorakfx Active Member

    I've seen some taking profits were taken by the big traders. Now We just observe how the market is going to be for the few days till it's turning back to normal. First, let's start with GBPUSD where I spot a demand but with a huge momentum coming

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  10. Tengkorakfx

    Tengkorakfx Active Member

    The next same pattern goes on GBPJPY. But don't sell yet since it has not show any reversal price action there

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  11. liafatlouie

    liafatlouie Member

    Will it continue to Sell positions for the EUR currency pair?
     
  12. broforex

    broforex Member

    I think for this moment, the price is quite volatile. because of Corona virus, so just follow the trend and we have to wait until market is back to normal. just keep your trading spirit.
     
  13. Tengkorakfx

    Tengkorakfx Active Member

    I'm not recommending to hold position for too long since the market has been extreme lately. Better to secure your profits and look for another opportunities
     
  14. Tengkorakfx

    Tengkorakfx Active Member

    Yes, I do agree. Better to make short term trades rather than long terms. Better to secure profits minutes/hours after you open the position and see for another trading setups
     
  15. Tengkorakfx

    Tengkorakfx Active Member

    Gold making symetrical triangle. Wait for a break and open according to which direction it breaks later

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  16. Tengkorakfx

    Tengkorakfx Active Member

    Another opportunity on USDCAD where we can expect a Fakeout at upper supply area. Just observer or place a sell limit with SL above the area

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  17. Tengkorakfx

    Tengkorakfx Active Member

    I bet you guys made profits on the two previous setups I've made last Monday. Well congrats :D
     
  18. Tengkorakfx

    Tengkorakfx Active Member

    Here you go for another trading week. This time wait for the NFP on Friday. One setup on EURUSD

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  19. Tengkorakfx

    Tengkorakfx Active Member

    Another one is from NZDUSD where it is also a sell setup

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  20. ShelleyRoulp

    ShelleyRoulp New Member

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