DislikedI wanted to show you what I do in some circumstances when I want to trade Daily supply or demand. THE SCENARIO (example based on D1 supply zone for EURJPY): D1 suppy zone is too wide. It normally is, even more on pairs like EURJPY There are no original and fresh lower timeframe levels H1/H4 supply to set & forget a short trade. Remember for counter-trend use only original levels (those that are no reaction to previous levels) WHAT TO DO: Wait for a confirmation, we want to see willing supply in the area on smaller timeframes, H1 supply minimum....Ignored
Price needs to remove opposing SD level to validate previous one, but sometimes it does not need to:
1) At fresh and original HTF zone
2) When there is no opposing SD zone to remove with long ERC candles on the left
Is this the exception you talked about?
Anybody, pls, feel free to answer what you think. Thanks.