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.
Hi conom, A took out sz to the left and B is an inherited zone, inherited its status as a DZ from A
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
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
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
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/
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out