This is a really great thread (thankyou Rocky and everyone else generously sharing advice etc) for understanding supply/demand zones etc.
I'd appreciate any comments etc on why the drop/based/rally area that I've marked on the attached chart of today's EUR/USD failed to act as a demand level? Particularly if you can see any characteristics in the price action that give away that it is in fact just a 'pseudo' demand level.
Thanks in advance.
Ruede
I'd appreciate any comments etc on why the drop/based/rally area that I've marked on the attached chart of today's EUR/USD failed to act as a demand level? Particularly if you can see any characteristics in the price action that give away that it is in fact just a 'pseudo' demand level.
Thanks in advance.
Ruede
only dead fish swim with the stream