DislikedForex cross pair GBPAUD is dropping from weekly supply level that we previously mentioned. What we want to do at set and forget is to lean on higher timeframe imbalances for higher odds position trading. Right now we have a strong weekly supply zone in control and price is dropping strongly. In a downtrend supply imbalances are respected and demand levels are removed. {image} Forex and stocks supply and demand trading analysisIgnored
I am learning your method now, I still have a long time till I know all of its factors and cases, Kindly if you have time would you please correct my analysis for this pair:
In the monthly chart we have a broken up trend, and the price fall from a monthly supply level, and now it is approaching a demand zone on 1.73480
In weekly as you have mentioned before, the price fall from the weekly supply zone, and again it is approaching a demand level now, and we have a broken up trend.
In daily, we have a down trend and the price is falling from a supply area.
monthly trend is down
weekly trend is down,
Daily is up
Since not all trends are the same, then we should enter only in overlapping supply zones, which is the area around 1.81580
Do you have any comments, suggestions, corrections for me?
Thank you in advance.