DislikedThis trend looks a little funny to me, but the H1 10 and the M15 35/50 should provide a good 15-20p bounce.Ignored
yes, it is funny because of the time it developed. it was late in the evening after the London close.
sorry i will speak in non-Choros terms
the price yesterday reacted 3 times off a supply area around what is today's DS1, that was a H4 demand area. also reacted 3 times at the M15 supply slightly above the WP at around 1.3726. the 3rd time the M15 supply was depleted and there was a violent move for 90 pips that ended at around RN 1.38.
but this was a clear indication that the H4 demand was now in play and the next target is around 1.3890 very close to RN and DS2.
actualy i caught most of that violent move yesterday with a demo trade, as i wasnt in front of the pc but wanted to track how it went.
you can see below. and the levels in H4 (ignore the fibs, just the blue areas).
by the way i'm not a heretic, i'm just trying to combine Choros with S/D with very impressive results so far.