As we can see in the H1 chart, the SPX500 has open the previous trading day with a huge GAP which creates fresh supply, There is also significant MACD divergence which lasts almost 2 months. The fresh supply above also change the momentum from bullish to bearish . I'll sell at the supply above on the first touch. The first target will be demand - 1, and the final target will be demand - 2.
The USD/JPY price created a fresh demand below, This demand also creates a Quasimodo pattern which is a reversal pattern I'll buy at this demand on the first touch of the price and the target will be the supply above which also a great level for sell position. Both options are relevant for day trading.
The price creates a fresh supply above which also 0.236 Fibonacci level of the last drop in the price. It is a great level to sell CAC40 Index on the first touch, The first target will be demand - 1 and the final target is demand - 2.
As we can see a few hours ago the GBP/USD price creates new supply. This supply seems like a great level for sell position. I'll sell at the supply on the first touch of the price. The first target will be the demand below and the final target will be the demand at the bottom.
After the UK election results, the GBP/USD has a nice rally which creates new fresh demand, This demand is a great level for a continuation buy position. I'll buy this demand and the final target will be the supply above on the Weekly chart.
As we can see in the H4 chart, the price creates a fresh demand below which also Quasimodo pattern. This demand has changed the bearish momentum to bullish momentum, As it seems now, the price tends to reach the supply - 1 and maybe even the Supply level - 2. If the price retraces the demand below I'll buy there, My first target will be supply level - 1 and the final target is supply level - 2. https://www.tradingview.com/i/qbPrTwiI/
As we can see on the H1 chart, the price just creates a fresh supply above. It seems that the price now on its way to reaching the demand below. If the price will retrace the supply above I'll sell there, The target will be the demand below which is also a great level for buy position. https://www.tradingview.com/i/StyF1u3y/