Good afternoon LJ,
I've been applying the great stuff from your vids to some charts and I was wondering if my analysis is correct, I'am just a newbie to this S/D stuff, could you please share me your view on the E/A pair, thanx in advance.
So refering to the charts: I've drawn a 4H-Suppy and 4H-Demand, on the 1H-TF we've a intermediate 1H-Demand. Price bounced on a FTB @ 4H-Supply, 1st target would be the 1H-Supply, price bounces there on a FTB, afterwards price revisits that 1H-supply like an ascending triangle pattern, so bullish momentum is building up for a break, before this 1H-demand is broken price spikes below trapping sellers. Next target would be the 4H-Supply, price arrives @ that supply like a consolidation box ie. S and D are in equilibrium, we may conclude that D isn't that much stronger than S and we may expect a break, which price did via a 15m-BUOB.
I've been applying the great stuff from your vids to some charts and I was wondering if my analysis is correct, I'am just a newbie to this S/D stuff, could you please share me your view on the E/A pair, thanx in advance.
So refering to the charts: I've drawn a 4H-Suppy and 4H-Demand, on the 1H-TF we've a intermediate 1H-Demand. Price bounced on a FTB @ 4H-Supply, 1st target would be the 1H-Supply, price bounces there on a FTB, afterwards price revisits that 1H-supply like an ascending triangle pattern, so bullish momentum is building up for a break, before this 1H-demand is broken price spikes below trapping sellers. Next target would be the 4H-Supply, price arrives @ that supply like a consolidation box ie. S and D are in equilibrium, we may conclude that D isn't that much stronger than S and we may expect a break, which price did via a 15m-BUOB.
Pipcrawler