FX:GBPAUD   British Pound/Australian Dollar
Monthly downside momentum broken
Price currently at price levels where counter trend longs are better probability

Need evidence of buying on smaller time frames first though. Also, profit potential for longs
capped by recently created monthly SZ above price
Be careful what you think because your thoughts run your life..King Solomon
Conom589
10 months ago
Hi Akt . How you identify "A" or "B" as Demand? I cannot find imbalance there/ I see only one little green candle/Yes, It is a ERC candle, but it isn't real imbalance.
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StorehouseAnalytics PRO Conom589
10 months ago
Hi conom, A took out sz to the left and B is an inherited zone, inherited its status as a DZ from A
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Conom589 StorehouseAnalytics
10 months ago
Can we any zone created after "A" automatically identified as demand because it unherited its status? and in this case we don't need supply absorbing
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StorehouseAnalytics PRO Conom589
10 months ago
an inherited zone is one that does not need to have absorbed supply (if we are talking about demand). Another zone has done the work for it
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StorehouseAnalytics PRO Conom589
10 months ago
No, conom, not every zone after A would inherit its status as a DZ. it is all zones up to the pivot low at B
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Conom589 StorehouseAnalytics
10 months ago
We have a rule " How To identify a Demand zone: in the Curve TF

Identify a STRONG rally in price
Trace this strong rally in price down to its origin and you have your base
"

First of all we need imbalace here, not just absorbing opposite level, Sorry but i can't see here STRONG RALLY/ No rally, no imbalance, no valid zone. Maybe there is in Weekly TF, but not in the Monthly/
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