-Trend = sideways -When price is reacting off of supply im bearish USD pairs and trying to short the smaller timeframes. -When price is reacting off of demand im bullish USD pairs and trying to buy a smaller timeframe demand zone.
Original TP was at 1.5:1 which was hit but I manually exited the trade at 0.3:1 after I noticed the futures market did not have the same zone so I did not feel comfortable holding the trade after price broke above the distal line. Overall I'm happy with the setup and how I managed the trade.
See Picture for analysis.. -Price showed evidence of sellers coming in by breaking upward trend line/momentum telling me sellers took control. -I like to see a strong moved because this tells me there was big money selling there and not small money. -Breaking upward trend line/momentum line -Price removing opposing demand -Quality rally base drop created to...
Please read chat/watch video for analysis. I am trading the supply and demand methodology giving you my thoughts/analysis.
*NZD Bank RATES later. Higher Timeframe (Weekly Analysis) -Price reacting off of tested weekly demand. -Trend = Sideways/short-term downtrend. -With Price Inside Weekly demand we can look for buys but confirmation is needed. Lower Timeframe (4hr/1hr) -Confirmation of buyers stepping in from breaking downward ML + removing opposing zones. -Quality DBR demand...
A lot of buying and selling came in during these big leg-out candles. when price came back into the demand price took off. If price rallies back up to supply I think we will get some selling pressure.
AUDJPY Supply And Demand Trade Idea Im watching for a quick trade.... Still waiting on the quality of arrival.
Please See Picture For Analysis
See Picture for analysis. Waiting for price to enter either supply or demand.
Please see picture for analysis.