SHORT POSITION FTR + QML + DBD Price is currently in a compression
DBD QML + FTR FLAG LIMIT + SUPPLY COMPRESSION ENTRY 4Hour Chart
SCENARIO: -Supply looks greater than demand at that Level QmL|Fakeout|DBD
There is many several type of zone in supply and demand trading method . One of that is DROP BASE DROP or DBD . DBD is type of countinuation base . characteristic of DBD is when the bearish movement is continue after a drop . the significant of this type of supply base , we can determine where is the good price to enter the position after the price reach the zone...
Bear trend, looks like bear flag/DropBaseDrop if not it will most likely come up to that trend line, reject and SHORTS AWAY Risk reward should be pretty good at that trend line, potentially 1:1 if trading breakout from current congestion zone
Scratch my previous post about the #AUDUSD short. I notice a better supply level (green) just above it for a weekly income with an entry of about 0.72481. #forex
DBD + bearish engulfing area + 50% retracement TAYOR