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Supply&Demand Price Action By The5ers Prop trading Fund
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 31 2018 at 07:13
As I wrote in my last post on SPX500, the long-term momentum is bearish and the supply above is a great level of sell position for swingers or long-term forex traders, as we waiting For the price to reach the supply above, the price created a new fresh demand which is a great demand for a day trade buy position, I’ll buy at this demand only if the price reach that Demand before reaching the supply above, my target for this buy position will be the supply above which is the supply for long-term sell position.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Jan 02 at 13:32
The GBPUSD has created a new fresh supply above, this supply has broken out a demand level from the left (31/12) which make this supply even stronger one. for now, I believe the Price tends to reach the support zone below, this continuation supply above is a great level for sell position for swing forex traders, I'll wait for the price at this supply to sell, and my Target will be the support below, this supply can be also relevant for day traders,

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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Jan 07 at 13:01
The support zone I marked below is my confirmation zone, if the EURUSD price will breakout that zone, it indicates the price on his way to reach the demand below, There is a 50 Pips buffer between those 2 levels, and 2 options to look for a position, the first option is to look for sell position after the price broke that support, in that case, I’ll look for price Action Setup for sell position and the demand below will be the target, the second option is to buy at the demand below on the first time the hit that demand, both options are relevant for Short-term positions.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Jan 08 at 12:59
For the long terms, the EURJPY is at bearish momentum, just a few days ago the price created a fresh new supply above, this supply seems very strong and critical one since he broken A Significant support resistance zone, we can see that this support resistance was critical many times before, the supply above seems like a great continuation level for long-term sell Position, for the long terms I believe the price tends to reach 117.00 zones, therefore 117.00 will be my final target, I’ll sell on the first touch at the supply.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Jan 09 at 13:39
As a price action forex trader, I trade only at supply or demand levels, those levels also function as a final target for my positions, in the picture I attached we can see the support zone Below, if the price will breakout this support it indicates the price tends to reach the demand below and maybe the demand at the bottom, if the price will break the support, I’ll look For price action setup for sell position, I’ll usually look for a new fresh supply that broke the support, and if I’ll find what I look for, I’ll sell there, my first target will be the demand Below, and the final target will the demand at the bottom which is also a great demand for buy position.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Jan 10 at 12:44
As a price action forex trader, my trading decision based mostly on Supply & Demand, the EURUSD now is bullish, and if we look at the daily chart, we can see that the next supply is Waiting at 1.1720, therefore I believe the price will tend to reach there, in order to join this bullish momentum, I’ll wait for the price at the new fresh demand below, this demand is a Great continuation level for buy position, my target will be 1.1720 zones.

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vladpet01

Member Since Jan 06, 2019  2 posts Vladyslav (vladpet01) Jan 11 at 06:57
This option is also possible.
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vladpet01

Member Since Jan 06, 2019  2 posts Vladyslav (vladpet01) Jan 20 at 07:47
my vision for the next week
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Jan 23 at 07:27
The supply level above us is also Quasimodo level, Quasimodo consider as a very reliable pattern, usually, Quasimodo level creates a great Risk Reward ratio, the supply above has Broke out the last low of the bullish momentum that was before, the price did it in a very sharp and fast drop and in one movement which creates the Quasimodo level, I’ll wait for the Price to reach that supply, and I’ll sell there on the first touch and my long term target will be 1.6000 zones.

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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Jan 24 at 08:25
As we can see, the GBPJPY is in bullish momentum for now and it looks like nothing can stop the price from reaching the supply above, the demand below seems like a great level to Join this bullish momentum, I’ll buy at this demand if the price retrace that level and my target will be the supply above which is a great supply for sell position, the long term target For this position will be 130.00 zones.

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