Has price revisited the area since it dropped? NO, it didn't. So it's fresh. that simple
On counter trend (it would be counter when price reaches that area, we want to lean only on FRESH and ORIGINAL levels, as the video explains. This one matches both definitions
You always need to look RIGHT above current price for supply to assess if a level is fresh or not.
Is it fresh? YES, IT'S, ever since the level was formed, price has not reveisited it. Lot of profit margin potentially on that short trade, but far from current price. There will be long opportunities on the way up.
That H4 supply level looks like being at the WK proximal line, it's fresh and authentic. I'll place an order at it, will see if I have it on my charts or not. Price will probably react from the D1 supply lower, but there are 3 levels on top of levels there, will wait from price to hit the area and form brand new supply areas on lower timeframes, since I can't lean on such a big zone. My MT is off now, it's sleeping and incubating some pips hopefully
It's a pity that the H4 demand was 49 pips wide, too much risk for me so I was not in. It's working fine! Next one!
Alfonso
On counter trend (it would be counter when price reaches that area, we want to lean only on FRESH and ORIGINAL levels, as the video explains. This one matches both definitions
You always need to look RIGHT above current price for supply to assess if a level is fresh or not.
Is it fresh? YES, IT'S, ever since the level was formed, price has not reveisited it. Lot of profit margin potentially on that short trade, but far from current price. There will be long opportunities on the way up.
That H4 supply level looks like being at the WK proximal line, it's fresh and authentic. I'll place an order at it, will see if I have it on my charts or not. Price will probably react from the D1 supply lower, but there are 3 levels on top of levels there, will wait from price to hit the area and form brand new supply areas on lower timeframes, since I can't lean on such a big zone. My MT is off now, it's sleeping and incubating some pips hopefully
It's a pity that the H4 demand was 49 pips wide, too much risk for me so I was not in. It's working fine! Next one!
Alfonso
DislikedIS this supply level fresh. it made a new high; broke higher than the supply level before it, so would this be considered fresh if it breaks supply level to the left and before it. Thanks {image}Ignored
Set and Forget supply and demand trading community