The5ers1's Posts - Page 2

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Sep 16, 2019 at 12:44

WTI Reaches a New 4 Month High After Saudi Arabia Oil Field Attacks.Monday 16/09/2019WTI price opens this trading week with a huge gap up.The price ended last week at 55.00 zones and open this week at 60.00.The highest level the price reach since the market opened is 63.00 zones which is a new high record for the past 4 months.The reason for this Gap up is the brutal attack on Saudi Arabia oil fields.From the technical analysis perspective, the Gap up creates a fresh demand.This demand is a great level to buy WTI and join the bullish momentum.It seems there are many unfilled orders waiting f...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Sep 09, 2019 at 11:56

A Confluence of MACD Divergence and Pinbar Candlestick.Monday 09/09/2019Pinbar candlestick is one of the most reliable candles in the Forex charts.It is a reversal candlestick signal.The unique structure of this candle includes a long candlewick, at the opposite side a small candlewick, and a small body.The long candlewick should be at least 2/3 of the entire candle.The most reliable Pinbars are the ones that formed after a significant trend.Last month’s candle in EUR/GBP ended as a Pinbar candlestick.Pinbar candlestick in MN (monthly) chart is very rare.In addition, we can see a signif...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Sep 05, 2019 at 13:10

A Technical Correction or Momentum Shift?Thursday 05/09/2019In the long term, the XAU/USD is bullish but now performed a double top.The price now is at a 6.5 years high, last time the price was in these zones was in April 2013.In the D1 time frame chart, we can see the nice rally the price performed.We can see also a significant CCI divergence, while the price creates a higher high the CCI creates a lower high.This divergence indicates that buyers start to lose power.In the H4 time frame chart, we can see how the price starts to perform a double top which also indicates powerless buyers.The ...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Aug 28, 2019 at 12:03

USDCHF compressed up toward the fresh supply above. Price compressed toward supply is a great price action setup. In addition, there is also a clear MACD divergence which makes this level even more reliable for sell position.

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Aug 22, 2019 at 12:42

BTC/USD is Back Into the Bearish Zone After Breakout the Demand.Thursday 22/08/2019A fresh supply which created on the 20/08 has succeeded to breakout the demand from 19/08.This situation turns back the BTC/USD price into the bearish momentum.In our previous post on BTC/USD, we marked this demand as a great level for buy position.The fact that the fresh supply breakout this powerful demand indicates the determination of the sellers.For now, there is two fresh supply above and each one of them is a potential level for sell position.Each one of them also has a great confluence with Fibonacci re...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Aug 18, 2019 at 12:58

A Confluence of MACD Divergence and Fresh Demand.Sunday 18/08/2019Although the interest rate cut, it seems that the Greenback is back to be bullish.Also, it seems that the Greenback gets strong against most of the other currencies.In D1 chart, we can see a bullish outside bar candlestick pattern which is a strong reversal candle.The daily candle from the 13/08 engulfed the two previous candles, it’s a big green candlestick.We can see also that the close price of this candle is also the high of it, which indicates the determination of the buyers on this day.In the H1 chart, we can see th...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Aug 04, 2019 at 12:17

Is The Trade War Between USA and China Back on?Sunday 04/08/2019The last week’s candlestick for the SPX500 index has ended as a bearish reversal engulfing candlestick pattern.The big red candle of the last week engulfed the previous four weekly candles and closed below these four candle’s low.It seems like it’s the implications of Donald Trump’s latest remarks about tariffs.A few weeks ago, in one of our previous posts on SPX500, it was good news for the stock market after the meeting between Trump and Xi Jinping.Trump tweets: “Things look very good” and th...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jul 30, 2019 at 13:08

Which Level will the Price Hit First- Supply or Demand?Tuesday 30/07/2019As we can see in the H4 time frame, the USD/JPY price is just between significant supply and demand (also pivot points).These supply and demand also confluence with the daily pivot points.They are price levels used by forex traders as significant levels in the price.These levels are calculated as an average of prices from the performance of a market in the prior trading period.Usually, pivot points function as support resistance zones.In that case, we can see a great confluence between the pivot points and a fresh supply...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jul 24, 2019 at 13:22

A Confluence of Bullish Outside Bar Candlestick Pattern and a Significant Support ZoneWednesday 24/07/2019GBP/USD has formed a bullish outside bar candlestick pattern in the H4 time frame.We can see in the H4 chart how the last big green candle in the picture attached engulfed the previous four candles and closed at the highest.If we look at the high time frames charts (W1 or D1), we can see that the price is bearish in the last one and a half years, since April 2018.At the moment, the price just arrived into the support zone which originally was a demand that formed in April 2017.The conflue...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jul 22, 2019 at 09:30

Despite The “Ships War” in Strait of Hormuz, USOIL Keep Falling DownMonday 22/07/2019In the W1 chart on USOIL, the last candlestick ended as a bearish engulfing candlestick which engulfed the three previous bullish candles.We can see how the big red candle on the picture closed below the low of the three previous bullish candles.That bearish Engulf Candlestick is a signal to look for a sell position on USOIL.In the H4 chart, we can see the fresh supply above at 56.60 zones.This fresh supply can be a great continuation level for a sell position.If the price retraces the fresh supply...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jul 17, 2019 at 12:05

Influence of Supply and Head and Shoulders PotentialWednesday 17/07/2019The Head and Shoulders pattern consider as one of the most reliable reversal patterns in forex trading.This chart formation of Head and Shoulders have a baseline of three peaks,The middle one which is the Head is the highest one,And the other outside two which are the Shoulders are usually about the same height.If we look at the D1 chart, we can see the EUR/USD price has great potential to complete the Head and Shoulders pattern.The price already creates the left shoulder and the head,Now, we wait to see if the price will ...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jul 14, 2019 at 12:31

After SPX500 Reach New High Record, What are The Signals For Reversal Opportunity?last week ended with new high records for the US indexes.The main reason for the stock market to keep rising up is the high expectations for an interest-rate cut from the Federal Reserve.these expectations came after Federal Reserve Chairman Jerome Powell testified before the Congress.Usually, when the price is in a new high record it’s the time to look for a reversal signal.If we look in H1 chart on the SPX500, we can see a significant divergence between the price and the CCI indicator.The CCI divergence i...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jul 13, 2019 at 09:18

A Confluence Between Head & Shoulders and CCI DivergenceIf we look at the long term charts (D1 or W1) we will see the EUR/AUD is in bullish momentum.The recent technical correction which starts about three weeks ago created a Head and Shoulders pattern.Head and Shoulders pattern that came after a long trend usually indicates a reversal opportunity.At the moment, the price supporting by support zone which is also the Head and Shoulders’ neckline.In the D1 chart, we can also see a significant between the price and the CCI indicator which indicates aweakness at the end of the recent upt...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jul 05, 2019 at 07:22

Too Risky to Sell EUR/CAD with this Supply Above?At any time frame, the EUR/CAD seems to be in bearish momentum.In the H1 chart, the price is in a downtrend of almost 300 pips. While yesterday a fresh supply was created by the price above.Most of this downtrend was a compression which meant that the price compressed down while picking up all the sell orders along the way.Compression indicates a powerless movement in the price. In other words, it seems the last downtrend of the price was powerless and it’s safer to look for a reversal signal and trade against the compression.Usually, a su...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jul 01, 2019 at 10:10

A confluence of Fresh Supply and Fibonacci 61.8% in USD/CHF.Two weeks ago, seen in the W1 chart, the USD/CHF weekly candle had ended as a bearish engulfing pattern. The big red candlestick shows this bearish engulfment.This pattern was a continuation outside bar candlestick pattern. It shows how the big red candle engulfed the one before and it also shows how significant the strength and determination of the bears were with the USD/CHF price.Referring to the 1W or 1M charts, technically, the USD/CHF is bearish. and if we would like to sit with the dominant side, then we should look for a sell...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jun 25, 2019 at 13:54

Bitcoin is Re-born and Continues to Race Towards New Highs with Facebook LIBRA’s RevealAs predicted in our previous post about BTC/USD, the price remains bullish. However, the buyers are on the dominant side here because of the launching of Facebook’s LIBRA. LIBRA brings new hope for cryptocurrencies to be raised.The last rally happened due to the giant, social media Facebook, revealing the details of its cryptocurrency LIBRA. Some of the excitement about LIBRA is that it allows people to purchase things and send money with almost zero fees.The main difference between LIBRA and the...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jun 24, 2019 at 11:28

Quasimodo Level after MACD Divergence and Pinbar Pattern in GBP/JPYToday, this GBP/JPY pair is in a downtrend of almost 1000 pips and is still considered bearish.Yesterday’s 1D chart, the candle has ended as a Pinbar pattern. The Pinbar candlestick pattern is a reversal pattern and is a very reliable pattern to use amongst forex traders.In this 1D chart, there is a bullish Pinbar which shows us the first signal for a reversal opportunity.There is also a MACD Divergence price formation. If the price creates a lower low, then the MACD creates a higher low. This indicates that the downtrend...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jun 18, 2019 at 10:46

Combination Of Fibonacci 38.2% And Fresh Supply.We can see that on the 4H, 1D, 1W and even 1M charts that, in the long term, the NZD/USD pair is in bearish momentum. At the moment, we can also see on the 4H chart that the price has just arrived at the demand level that was created about a month ago.Two and a half weeks ago and for the first time, the price checked for this demand and picked up some unfilled buy orders from there. Then it moved up about 170 pips and dropped back down to the demand level.But now, the price is digging deeper into that demand and we can see by the big red candles ...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jun 17, 2019 at 06:13

MACD Divergence With A New Supply For Sell Position On XAU/USD.There are a few reasons to look for a sell position in XAU/USD:1. In the wide picture – 1W chart, the price has just arrived into a strong resistance zone. The last time that this happened was about a year and a half ago but back then, it continued to drop to 1160.00 zones.2. In the 4H chart, there is a remarkable divergence between the MACD indicator and the price. While the price creates a higher high, the MACD creates a lower high and that divergence indicates that the recent uptrend is now powerless.3. In the 1H chart, th...

Supply&Demand Price Action By The5ers Prop trading Fund in Experienced Traders Jun 11, 2019 at 07:40

Last week’s candle on USD/CAD has ended with an engulfing candlestick pattern.This weekly candlestick is red from the beginning to the end.After the price compressed vertically and took all the buyer’s orders on the way up. It dropped back to the origin of the compression.This drop created last week’s candlestick which engulfed the previous 12 candlesticks.However, the price still does not break the uptrend support line on the weekly chart.Still, we are unable to say that the momentum has changed. If the price does break the uptrend support line, then we can say that the long...

EURUSD	1.05894	GBPUSD	1.26651	AUDUSD	0.6501
USDJPY	154.704	USDCAD	1.40183	USDCHF	0.88409

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