Trade closed: stop reached: We had a trailing stop loss which took us out on 136.350 on a still very nice R:R result of 1:4. Satisfactory results.
Yesterday analysis playing out nicely. We have now entered as planned on 137.200 with a 20pip stop loss. The plan is to hold the trade for full 4 days for R:R of 1:8. Please check out my analysis yesterday for this.
XAUUSD GOLD SUPPLY AND DEMAND ZONES - key levels. Trade with the flow. Ride the wave. Easy money on these zones. Watch my previous weeks analysis.
XAUUSD NEW DEMAND ZONE ADDED - We should see a very nice rejection of this zone. Planning entry tomorrow if price enters the area.
GBPJPY SUPPLY AND DEMAND ANALYSIS - High volume, high probability levels. Please see my previous weeks analysis.
Demand zones and areas provide a great oportunity to trade along big institutional money behind the market. There are 3 posible entry points to take long positions. Lets review them in this video!
GBPUSD DEMAND LEVEL + FIBONACCI - Sorry for not posting last week. I was away on holiday. This is my view on GBPUSD Next week
The image describes a demand cluster zone and shows how price reacted to this zone in this example on Bitcoin including Support & Resistance Flip
GBPUSD is looking very interesting when compared to the wyckoff distribution schematic.
Nice supply and demand zones for GBPUSD next week!
Simple mechanical way how to draw supply demand
1. Look where price came from> Does it came from supply or demand area? 2. Look for transition. 3. Look for ceilings. 4. Look for next supply/demand area. Remember. We want to sell of ceilings in bearish marketflow And buy from floors in bullish marketflow
Supply Demand Analysis process. Focus on the zones where price inpulsed from.
Evening outlook for the experiment