Eurusd
Eurusd
A simple how market deal with supply demands zone;
Look carefully;here we had an area to resisit and keep price down.Simply you can see how buyers consumed these area means they used all orders standed in this zone ,then price create a box to keep price up(change in market behaviour).
So from here the battle winner are those who support it and want to take it to next target zone .
A beautiful box we have that is a decision to send price to next target (possible short term target).
Then price reached another supply zone -in this case price touch its short term tg and as you can see started sell orders.
Again another game to find buyers(not pro buyers-amateors-uggly breakout buyers)to fill sell orders.
Everything is same as what we had later for buy scenario.
Important point is that what they deal with orders of this box(blue box-buyers base).
So it is easy to see another box may be in place to keep price down and send it to another short term target of this wave.
I hope you trade safe .
Good Luck
A simple how market deal with supply demands zone;
Look carefully;here we had an area to resisit and keep price down.Simply you can see how buyers consumed these area means they used all orders standed in this zone ,then price create a box to keep price up(change in market behaviour).
So from here the battle winner are those who support it and want to take it to next target zone .
A beautiful box we have that is a decision to send price to next target (possible short term target).
Then price reached another supply zone -in this case price touch its short term tg and as you can see started sell orders.
Again another game to find buyers(not pro buyers-amateors-uggly breakout buyers)to fill sell orders.
Everything is same as what we had later for buy scenario.
Important point is that what they deal with orders of this box(blue box-buyers base).
So it is easy to see another box may be in place to keep price down and send it to another short term target of this wave.
I hope you trade safe .
Good Luck
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.