kiwi creates this bullish configuration as GBPNZD @ supply ............
EIP: Everything In Price (PIE) 16 replies
Everything to Nothing to get Everything? 7 replies
DislikedHi Red and others,
Several pairs are in interesting areas right now and I have some spare time to post charts and share thoughts.
GBP/AUD : may worth a short ... If it plays nice, hold it. Targets : 1.5150/1.49/1.4650.
USD/CHF : look for possible short. May want to test 0.9760 before falling. Or not ... If it breaks 0.93 to the south, the target may be around 0.9020 (to be confirmed).
GBP/USD : Below 1.5625, it's short only. H4 is showing some compression. May fall hard later this week. May test 1.5625 again before. That would then be a very...Ignored
Dislikedgot some on the radar........... similar thoughtsIgnored
DislikedHi Red, like your charts and approach.
Out of interest, why do you mark some spikes with long rectangles?
Is this for future use as a possible supply/demand zone?
Also, what's the significance off numerous rejection wicks? Does this indicate the supply/demand may have been consumed?Ignored
DislikedHi! red, what's time frame that the most effective for this method. As your charts have every tf. Does highlight zone come from consolidation area?