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Hello Traders
Here are the supply & demand levels for this week
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Let’s dig into supply & demand levels for this week.
Eur Usd
EUR/USD Daily Chart:
EUR/USD 4H Chart
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EUR/USD 1H Chart
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Euro/Usd is stuck on a daily demand level (1)
(2) is a very good level for long positions. It’s right below daily demand, perfect zone for a fake out.
3 & 4 are good zones for targets or to look for shorts.
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Hi, I get one question.
I have remembered you said about the supply demand zone should formed within 24hours. But according to above pictures, the supply demand zone 3&4 of the eurusd on 1hour chat, already exist 24hours. Is that still valid to trade?
Thanks
Hello Marvin,
You can use those zones for reference and enter on fresh zones on lower timeframes.
Also, for the zone, I should find th stronger one or the zone within 24hours
Thanks
A combination of both is the best.
Else look for the stronger zone.