SUPPLY & DEMAND!!!

[Mr. Hyde]

I dont like how EA looks right now. So i just marked off areas of interest and will only take a trade if the lower time frame gives me a setup. And i wont look to hold it. In and out.

[Mr. Hyde]

4 touches. Any zone is off the table. Most likely outcome is price spikes lower, runs all the stops and moves higher or blows out the bottom. If you want to get long let price prove to you its going long. Look for a close under followed by a close higher and break of high. If you want to short, wait for for a break and retest or a close below then break of low.

Also i have been casually been looking at Wycoff methods. They actually look pretty useful. Just mention it, cuz the chart remind me of it.

[Mr. Hyde]

Two possible zones to get long. The choice is yours.

eurgbp-h1-hugo-s-way.png (83.9 KiB) Viewed 1183 times

[Mr. Hyde]

For Bambino. We already marked out the HTF earlier this week. We now have a QM pattern lining up with a supply zone. Our target is the AB=CD of the leg down. Its also the 127 extension and the 618 retracements, that all lines up with a resistance area and a demand zone. A whole lotta confluence if you ask me.

[Mr. Hyde]

Its friday. Thats more then enough setups for now. Lets see how the market plays out

[Mr. Hyde]

Operating above my pay level. But lets see. Demand zone taken out. Supply is in control. Short???

[Mr. Hyde]

Half a position at demand. Add a half at the break of the trendline/double bottom neckline.

[Mr. Hyde]

Targeting the demand zone.

[Mr. Hyde]

No trade. Just watching. Everytime i try to take a trade like this it kicks me in my teeth. Lets see.

[Mr. Hyde]

No trade. Just watching. Everytime i try to take a trade like this it kicks me in my teeth. Lets see.

Haha. Exactly why i dont trade BO's or S/R or whatever. So not worth it.