Hello,
First Image:
Would that candle to the left be a base for a Supply Zone even that the candle wick has gone over it? Is that Demand Zone that the candle has dropped to (current price in the zone) of any significance? It is a good DZ, but the momentum line has not been broken. Does the momentum lkine need to be broken for a new Support/Demand? Is the momentum line correct? Is everything good in general in this picture(except for lacking DZ on the bottom Demand Line)?
Second Image:
The white lines are the 1 Week DZ that are inside a 1 Month DZ zone. What do you think is the probability for the chart to come trough 1 Week DZ inside 1 Month DZ? I would consider it a possible 1:3 as I think it is VERY unlikely that the chart would come trough the 1 Week inside the 1 Month DZ + ther is 1D on top and inside 1W. What is your stand as a more experienced trader/beginner?
Please help.
Thank you.
P.S On Sunday GMT+2(24h scope) I will upload my analysis for the upcoming week on several currency pairs on imgur (no decent gallery on FF?) and someone telling me the mistakes I have made would be appreciated greatly!
DO NOT TAKE THEM AS ADVICE AS I AM COMPLETELY NEW.
First Image:
Would that candle to the left be a base for a Supply Zone even that the candle wick has gone over it? Is that Demand Zone that the candle has dropped to (current price in the zone) of any significance? It is a good DZ, but the momentum line has not been broken. Does the momentum lkine need to be broken for a new Support/Demand? Is the momentum line correct? Is everything good in general in this picture(except for lacking DZ on the bottom Demand Line)?
Second Image:
The white lines are the 1 Week DZ that are inside a 1 Month DZ zone. What do you think is the probability for the chart to come trough 1 Week DZ inside 1 Month DZ? I would consider it a possible 1:3 as I think it is VERY unlikely that the chart would come trough the 1 Week inside the 1 Month DZ + ther is 1D on top and inside 1W. What is your stand as a more experienced trader/beginner?
Please help.
Thank you.
P.S On Sunday GMT+2(24h scope) I will upload my analysis for the upcoming week on several currency pairs on imgur (no decent gallery on FF?) and someone telling me the mistakes I have made would be appreciated greatly!
DO NOT TAKE THEM AS ADVICE AS I AM COMPLETELY NEW.
LOVE