EUR/JPY Long from 157.800 -> 159.800 completed
This analysis simply shows how Demand was interacting with Supply as price was rising from 157.800 to 159.800
As Demand rises, price meets Supply areas along the way, this interaction results into either price acceptance or price rejection.
Whatever comes out of the Demand Supply interaction determines the strength of both Demand and Supply.
This can be based on to go Long or Short
As Demand rises, price meets Supply areas along the way, this interaction results into either price acceptance or price rejection.
Whatever comes out of the Demand Supply interaction determines the strength of both Demand and Supply.
This can be based on to go Long or Short
Note
Just like i mentioned above, as demand rises, it meets Supply Areas and interacts with them and the result of interaction determines the strength of Demand or Supply.After Demand interacting with Supply Area -a), Demand is accepted above the area signalling Demand Continuation above Supply Area -a)
Now above Supply Area a) price creates a Demand Continuation Area on the 30m
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.