metalhe4der

Some Demand and Supply Zones on EURUSD

FX:EURUSD   Euro/U.S. Dollar
695 3 0
Thought I'd point out what I'm seeing as demand and supply areas on the EURUSD             . A simple observation of higher highs and lower lows on the 4 hour chart can give us some insight into what bias you should hold.

If you're a short term trader, you can either fade the demand zone into the 200ma (if price action shows more bearishness), or keep buying at the appropriate signals for a longer term trade towards the next resistance area .
OK. However, please also take into account that there's also demand below the range of supply and there's supply above the area of demand - it just depends on the style of trading of the waiting orders. You can see it clearly here: http://fxtrade.oanda.com/analysis/historical-open-orders.
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metalhe4der ForceFollower
Well, of course, there is demand/supply areas above and below too. I am simply referring to the current state of things, especially in terms of where you would look to sell from below the 200ma, because we could not make new higher highs/higher lows anymore (as shown by the green lined pivot points). Let me know if I am mistaken in what you are suggesting though, thanks for the comment!
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ForceFollower metalhe4der
In that case I agree. You've got my point and I've got yours, I believe.
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