Break Above Daily Supply, Now Demand Totally in Control
As I mentioned before, when price taps into zones, 2 possible scenarios formed: 1)Reversal 2)Break of Zone
2nd scenario happened on EURUSD 4H chart. Bulls were strong enough so they could break above the daily supply zone with body close.
Price now taps into daily supply and supply takes control. Demand Zones are marked up on 4H timeframe.
Wait for zone tap and then look for CHoCH in direction of trend. Double confirmations on lower demand zones will be high probability trades.
What do you think about this chart? Feel Free and Comment Below!
2nd scenario happened on EURUSD 4H chart. Bulls were strong enough so they could break above the daily supply zone with body close.
Price now taps into daily supply and supply takes control. Demand Zones are marked up on 4H timeframe.
Wait for zone tap and then look for CHoCH in direction of trend. Double confirmations on lower demand zones will be high probability trades.
What do you think about this chart? Feel Free and Comment Below!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.