Planned this long trade on EURGBP after 0.8500 was solidly broken. The supply on the left was easily absorbed because it was compressed, too much time in the area, so no good for me to lean on for shorts, moreover after a first hit the 14th May.
There is a good H4 supply area I've painted in purple at 0.8583, but it's counter trend and not at or very close to D1 supply which you can see with the yellow trendlines. I use the Rectangle Extender indicator I shared with you to draw those higher timeframe areas automatically.
There is new basing being formed right underneath the H4 supply area, not good. Not taking those shorts against the main trend, but it could work. I prefer to lean on the longs and go with the trend.
There is a good H4 supply area I've painted in purple at 0.8583, but it's counter trend and not at or very close to D1 supply which you can see with the yellow trendlines. I use the Rectangle Extender indicator I shared with you to draw those higher timeframe areas automatically.
There is new basing being formed right underneath the H4 supply area, not good. Not taking those shorts against the main trend, but it could work. I prefer to lean on the longs and go with the trend.
Set and Forget supply and demand trading community