DislikedWe are about to enter the EU twilight zone.... I mean supply zone! Fast entry into the zone on h4 and look at that drop when we were there last time. This one ticks my boxes!
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Supply and Demand zones NOT in retrospect 57 replies
Supply and Demand Zones 48 replies
Sam Seiden's Supply/Demand zones 105 replies
DislikedWe are about to enter the EU twilight zone.... I mean supply zone! Fast entry into the zone on h4 and look at that drop when we were there last time. This one ticks my boxes!
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DislikedClassic example of the higher time frame trend continuation on the euro. If you take levels against the higher time frame trend (I use the Daily for 4h and 1h levels and the weekly levels to judge when this trend might be ending), you need to take quicker profits. Good idea to squeeze down to smaller time frame within the zone to see if you can increase reward over risk. Also helpful is to keep an eye on corresponding SR levels on the dollar index.Ignored
DislikedPorkpie,
the $ Index is currently below 80.00. i consider that as a key level, looking at the daily to monthly chart.
i believe action around 80.00 will determine if we'll continue with the trend or not. sooner or later, we'll see.Ignored
DislikedThe chart below tells the story.
The demand zone where price is currently at has been visited many times.
Of course ...price COULD head up, but that's another story.
RobIgnored
DislikedI am waiting for the demand zone around the 1.55 area to go long. This is a nice demand zone that was pointed out by the man himself for a longer term trade to the 1.6 area which is where I will be looking for a swing trade back down again.
EU and AU are looking good for some swing opportunities. Waiting for demand to form on UC. UJ is looking good to get back down to 83 area for maybe another intervention! Let's see what happens!Ignored
DislikedBrian, good to know that at least one of my D zones aligns with what Sam Seiden told you recently!
Let's see what happens.
RobIgnored
DislikedJust gone short on EU.
Entry: 1.3388
SL: 1.3418
Let's see what happens!Ignored
DislikedGU is currently sandwiched between the weekly supply zone and lower time frame demand areas that continue to uphold the dominant upward trend. I think the 1.55 area is a good zone to go long as you will not be too close to weekly supply giving yourself room for profit should the trend reverse on the retest of the weekly supply zone. Trends often reverse or make corrections at higher time frame demand /supply areas.Ignored
DislikedLooks like the better supply zone on EU was just above the one I went in, so I took another short, albeit 1/2 normal position, after watching price in there! Let's see what happens. I need to be getting on with some work, so see you peeps soon!Ignored
DislikedEDIT: With news in less than an hour and price now waiting for the news, I have closed this position at BE. I do not like getting into the market before the news! I will wait to see how the market reacts to the news first and with supply on w1 just above which has a nice 200ma confluence, I will wait for a better entry.
Even if the news moves EU down, I'd rather not take that chance!Ignored