CAD/USD Short in the face of Supply ZoneThere is a zone of Supply putting downside pressure on the pair. After a big move up to the Zone area, sellers should come in strong within the next 3 bars or so.
Stop Loss would be a bar closing outside the top of the Supply Zone.
Profit target would be the Demand Zone, unless another Demand Zone forms before then.
Demandandsupplyzones
Aussie Vs Japanese Yen (AUD/JPY) Trade Plan Traders seem to be in risk aversion mode to start the week off of negative developments in the U.S.-China trade story. With fear on whether or not we’ll see tariff rollbacks on China, odds have risen that the trade deal may not go forward. This has sent equities, bond yields and oil lower, and seems to be supporting the safe-haven currencies like the Japanese yen.
AUSSI.Vs.Kiwi (AUD/NZD) Potential Mid Term Strategy / SignalI hope you do read the chart. The picture tells the whole story. By the way, Australia's actual import/export/trade data was published better beyond the forecast and previous on morning. The choice is your's pals think wisely to choose the position in any on highly probability direction.
NZDUSD bull exhausted? Retracement play? A small swing short idea. It seems like exhausting bulls and retracement/pullback/correction whatever may be a scenario. Overall it may have bounced from a demand level of higher timeframe so this idea may only be focused on playing the retracement of this overall bullish trend. Everything is clear where we exit? If monthly pivot R2 is crossed by price. Where we take profit? Targeting right at 38.20% fibo retracements. Be careful with your position sizing and money management if you intended to take the trade. Just an opinion, not a fact risk on your own and good luck! A happy great new week to all fellow traders!
Nikkei 225 Japanese supply and demand forecastNikkei 225 Japanese Index has been rallying for a few weeks creating new strong weekly demand imbalances. Nikkei 225 index has unfortunately not retraced yet to any of these two strong weekly imbalances and continues to rally on its way to weekly supply imbalance around 23600.
Nikkei 225 Japanese Index futures forecast. As per the weekly timeframe analysis, Nikkei 225 Index futures is in a clear uptrend creating new weekly demand imbalances at 21850 and lower at 20570. Nikkei tried to correct and reached bottom weekly demand level but it just couldn’t and kept on rallying ending up creating another strong weekly demand imbalance around 21850.
Long term long bias on Nikkei index. This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
Aussie certainty Vs Swiss uncertaintyAussi:
CPI (QoQ) (Q3): weak
Trimmed Mean CPI (QoQ) (Q3): stable
PPI (QoQ) (Q3): stable
Caixin Manufacturing PMI (Oct): strong ( High sensitive)
Probability of rate cut: Aussie cash rate futures are showing 87% odds of the RBA staying flat for next week (Nov 5).
Swiss franc:
ZEW Expectations (Oct): weak
KOF Leading Indicators (Oct): strong
SNB's Jordan:
Cites the dangers of shrinking interest rate spread
Negative rates and readiness to intervene in FX still essential to keep the pressure on the franc
Cannot say when Switzerland will return to a positive rate
Retail Sales (YoY) (Sep): strong
CPI (MoM) (Oct): weak
procure.ch PMI (Oct): forecast strong (due)
EURGBP Forex cross pair analysis and forecastEURGBP Forex cross pair has reached a strong monthly demand imbalance where going long is allowed again. As swing traders and longer term traders we should not be thinking of going shorts on EURGBP Forex cross pair.
Price action analysis is telling us there is a very strong monthly bullish impulse that ended up becoming a monthly demand imbalance around 0.8607. This imbalance has gained control and renders lower timeframe shorts low probability.
Price action analysis and supply and demand technical analysis is telling us that going long on EURGBP Forex cross pair is the way to go now, no matter what Brexit news or any other fundamentals are telling us to do. Learning how to trade Forex should not be as difficult as it seems, it will if you start paying attention to news releases and fundamentals as well as what media and web sites are talking about online.
AMGEN Inc AMGN stock looks attractive after a strong rallyAMGEN Inc AMGN american stock looks attractive after a strong rally, waiting for a pullback to weekly demand imbalance around $178 to buy the underlying stock.
We don't need any fundamental analysis on a stock to take a trading decision but if you are interested, Amgen AMGN has been a laggard. Amgen's slump had to do with the stocks slowing growth outlook combined with the ever present headwinds that the healthcare sector faces heading into an election year.However, Amgen could address its growth slump.
That's exactly what management did in August, causing the stock's price to spike. Yet, in the past five weeks Amgen shares have cooled off, giving investors who were previously experiencing fear of missing out the trade, the chance to get into the stock at a discount to recent highs.
Where is the place where those investors can plan to buy AMGEN again? Well, if you look at the attached weekly chart technical analysis, the whole movement started at $178 creating a very strong weekly demand level, that's where we can buy AMGEN inc again.
GOLD LONG TRADEGold currently made the 3rd touch of the trend line from 30th May 2019 low, stalling at the 50% fins level as well as decelerate around previous based area it give us a long opportunity. look for rejection candle closed or any low test candle before placing the long trade.
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AMKOR long bias on nested area Company Info :
Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. Founded 1986
Chart Analysis
This is a daily demand nested zone in a monthly demand zone, price has rallied .
Conc:
This is a long wait trade. will be need to be patient as the zone is way low
Prop:
a good setup
cheap stock
Groupon Daily Demand zone Groupon acts as the middleman between consumers and merchants, offering a variety of products and services at discounts via its online store. It offers consumers daily deals (in the form of online vouchers) from local merchants. Groupon also sells products directly to consumers. It generates revenue from the take rate on the purchase and/or usage of the vouchers (40% of total revenue) and from direct sales (60% of total revenue). More than 65% of Groupon's revenue comes from North America
That area is a well nested area and a cheap stock . marked where am going long with stop loss and Target profit
Marriott International american stock buy setups at demand levelMarriott International american stock buy opportunities at new demand levels. Very strong monthly demand level took control at $104, the strength of that impulsive move is the strongest one for months on this american stock. Monthly is in an uptrend and there is a very strong monthly demand in control, no shorts are allowed.
There is also a weekly demand level located around $100 right within that monthly demand that is also in control and playing out. In an uptrend we buy demand levels and that is what is going on right now on Marriott International american stock. We are looking to go long again if we get new demand zones created.
This supply and demand technical trading analysis and bias could help you make a more educated trading decision in your own trading strategy since you now know there is a very strong bullish bias with such a strong monthly demand imbalance in control and new demand zones being created in lower timeframes.
We do not take into consideration any fundamental analysis, no earnings announcements or volume, we do not need any of that to make a trading decision based on supply and demand imbalances. We just need to know where those imbalances are located and what is the bigger picture trend on the stock.
You can also use various options strategies to take longs at demand imbalances, long calls, spreads or any other strategy that you might have on your trading plan.
Does it really matter that Kaskela Law LLC announced a shareholder class action lawsuit against Marriott international, Inc. and encourages investors to contact the firm. Well, what can we say about it? We do not really care about that as long as the long term bias is bullish and there are strong demand zones in control like the one now on the monthly timeframe.
EURUSD Long (1hr chart)Reasons for entry long:
1. We may experience a retracement on the EURUSD during German Prelim GDP or USD CPI reports.
2. I have identified a good level of latent orders which should provide considerable price action once hit.
3. Considerable room to go up to target.
Money management rules:
A. Risk no more that 1% of account on the trade
B. 1/2 off at 2:1 (normally I would take 1/2 at 1:1 but this has room to go)
C. 1/2 off at target