Price Will Tell - Supply/Demand Price Action Trading

Quoting simond2002

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Just been going through some old posts/charts. Happened upon this USDCAD one. Current situation is looking quite interesting. On Weekly, price is tapping a nice confluence: {image} H4 gets quite interesting. Market has made fresh supply, and if price continues up this channel to retest it with a nice bearish PA, the sell-off (if it comes) could be a monster. Will keep an eye on this pair on H4 TF. {image}

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Quoting simond2002

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{quote} Some follow on, USDCAD Price has dropped overnight and is currently sat at support, which equates to this channel. If price were to test the H4 supply it would need to rally up from here for about 60-70 pips. I'm not interested in trading this long on LTFs but it can be useful to watch on M5/M1 to see if (and how) a set up manifests. {image}

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Quoting simond2002

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{quote} Changed my mind. Taken a speculative long on USDCAD with the stop just below the flag. Main reason was EURUSD tanking with little chance of an immediate retrace to sell. {image}

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Quoting simond2002

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{quote} Moved the stop to B/E. If price doesn't push out of this flag there doesn't seem much reason to hold. {image}

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Quoting simond2002

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{quote} Out {image}

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Quoting timos

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{quote} Must have been my short position that took you out https://www.tradingview.com/chart/US...USD-CAD-Short/ Kidding. Excellent management

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Quoting timos

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{quote} Must have been my short position that took you out https://www.tradingview.com/chart/US...USD-CAD-Short/ Kidding. Excellent management

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Quoting simond2002

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{quote} Watching this level on EURUSD M5 {image}

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Quoting simond2002

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{quote} Out {image}

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Quoting timos

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{quote} UC out for a 1:6 stress free RR {image}

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Quoting simond2002

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{quote} Is that USDCAD tick chart?

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Quoting timos

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{quote} This one above is 1m chart but I use 30 tick chart mainly.Lot of noise but important levels are easier to see there, sometimes I go down to 10 tick charts for more details.The reason for the aud/usd drop 1h ago can be see only in 10 tick chart. {image} {image} {image} Regarding your EU level,this is my view 5m {image} 1m {image}

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Quoting simond2002

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{quote} Nice analysis. I took a look at tick charts but to be honest they were giving me eye strain. M5 seems to be a happy medium my side.

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Quoting timos

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{quote} it is true.Without 2 cups of coffee and 10h relaxed sleep tick charts shouldn't be used

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Quoting simond2002

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{quote} Definitely. Gotta wonder if Marty was trading tick charts before acting {image} One possible scenario now USDCAD has inverted M5 price. Will watch PA at the 1.3698 supply zone: {image}

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Quoting simond2002

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{quote} Definitely. Gotta wonder if Marty was trading tick charts before acting {image} One possible scenario now USDCAD has inverted M5 price. Will watch PA at the 1.3698 supply zone: {image}

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Quoting simond2002

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{quote} The M5 supply is now engulfed north with a fresh M5 demand in its wake. Steady as she goes... {image}

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Quoting timos

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{quote} GL for me all near htf have been tested once/consumed. I try to stay with fresh levels only and for longs the best one in my eyes is around 1.3615 level

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Quoting simond2002

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{quote} Watching this level on EURUSD M5 {image}

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