Analysis was done in D1 time frame but planning to take the trade in H4. *Price at short term / soft support *Price between 50% and 61.8% Fib *Price near trend line support *Still showing long bearish bar in D1 but H4 is showing weakening bears
I first heard about Supply and Demand trading from @Tradewonk, his analysis using this are great! I also ask him about it and he gave me a link to his Ideas about it I also tried searching the internet about it and came up with this idea. @Tradewonk, can you confirm if I got the idea correct? Note: This idea only explains Supply Zone, but this is also true for...
Price is at support and between 50% and 61.8% Fib
Current price is at channel resistance and prior support which I think will turn to resistance. Will nter in H4 since there is no price action in D1 and for better RR
Price is around 50% Fib and at support which is a previous resistance.
Once the price reach the neckline @1.16800 the HS pattern completes, then wait for that price to be broken and retest. EURUSD
There is a head and shoulder pattern but there is also a strong support. Can someone help me with this analysis? Will it be the green arrow or red arrow?
Price is around the support and 50%fib