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
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.
Reply
Hi conom, A took out sz to the left and B is an inherited zone, inherited its status as a DZ from A
Reply
Conom589 StorehouseAnalytics
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
Reply
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
Reply
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
Reply
Conom589 StorehouseAnalytics
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/
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out