As time goes by and supply and demand trading popularity increases, we can expect more manipulation. If you are trading supply and demand, be aware of the bank's effort to remove key players before the true move follows. In this example, a perfect supply is formed. Sellers got induced with a bearish wave only to be liquidated moments after. Once the liquidity...
Not going to rush anything this morning, PA has been a bit choppy from last week and would prefer the market to truly show its hand. The longs from the demand zone marked are the HP so far which will take us up into a nice 4h supply but as always lets see what price give us. Have a great start to the week traders.
as you can see the PoundAUD got to its daily support and it is struggling on demand zone so we have to wait to recieve a correct signal from candle stick then after jump into long position
Supply and demands usually works , price after passing a head shoulder paterns need corrections and going back to uptrend which daily shows keep eyes on it , do not enter the trade immediately wait for confirm then bingoooo
as you can see on elliot counter the rpice is nicely on correction phase and some how is similar to Head and Shoulders just wait to retest the neck line and bingooooooooo
The Trend is uptrend 90 percent the price will go higher but 1st of all it needs to go back to demand zone then after retesting going back to the daily resistance level
The daily trend go to be a uptrend and trend is changing from downtrend to uptrend so what will happen show up in the chart the price will retest then go to down support level then after go to uptrend
AUDUSD longs, then 2 potential scenarios. Drop your thoughts in the comment section!
Hi all, I have recently tried trading S&D Method. So far so good. Here is my prediction with EURGBP with S&D. If you are trading S&D currently, I'd like your interpretation on this trade. Have fun all!