pablo101 wrote:PTG wrote:Good stuff, pablo101 !
Where does your weekly demand originate from ?
The first zones on W1 that haven't been revited as I see them are
Demand: 1.5060-1.5347 or even 1.4650-1.4842
I have a turn point on week starting from 2nd Aug. The area I marked is between 1.67207 to 1.67115.
I see this area as supply because the market significantly dropped away the following week, which I interpreted as more sellers than buyers.
Then today when the market was above this area, I saw the area as a support (demand) area and so my long trade.
I'm worried now, am I not looking at this correctly?
Don't know, can't check right now. I was just wondering, it might be me who's looking at the wrong area..
Will check later today !