FX:EURUSD Euro Fx/U.S. Dollar
Since January of 2015 we are below Red Supply zone and Above green Demand zone.
Sharing this chart for the purpose of capturing the trading possibilities in sideways price move. Same technique can be applied to any time frame any instrument.
On February or March of 2015 no one knew that price will move sideways for so many months. But if one can keep the trades objective and follow the trade plan then profits can be made in sideways market too. Beauty of this technique is that this works on trending and sideways markets too. Traders needs to lower his chart time frame to adopt sideways market.
Demand and supply zone are the upper and lower boundaries of price, Structures and Channel breakouts are entry and exit or stop points. Trailing of stops is good way to maximise the profits.