Deeper Mitigation of EURUSD Daily Supply, Bears in Control
In supply/demand zone trading, we don not predict price. We make decisions after price taps into zones.
When price taps into zones, 2 possible scenarios formed: 1)Reversal 2)Break of Zone
Both scenarios are tradable. Now EURUSD taps into Daily/4H supply zone. Supply in now in control but for trend change we need to see strong 4H change of character.
Another scenario is that bulls are very strong and going to break above daily supply, needs daily body closer above zone. Then bulls will take full control.
What do you think about this chart? Feel Free and Comment Below!
When price taps into zones, 2 possible scenarios formed: 1)Reversal 2)Break of Zone
Both scenarios are tradable. Now EURUSD taps into Daily/4H supply zone. Supply in now in control but for trend change we need to see strong 4H change of character.
Another scenario is that bulls are very strong and going to break above daily supply, needs daily body closer above zone. Then bulls will take full control.
What do you think about this chart? Feel Free and Comment Below!