On daily chart, Descending Trendline you draw is incorrect.. Here.. image If Descending Trendline on daily chart is broken then short @weekly area of Supply as per the rules (horizontal blue)

Supply and demand in a nutshell by Alfonso Moreno

Here's.. image

Supply and demand in a nutshell by Alfonso Moreno

Here's.. image

Supply and demand in a nutshell by Alfonso Moreno

Use Rectangle Reader to draw S/D level..

Supply and demand in a nutshell by Alfonso Moreno

Here's.. image

Supply and demand in a nutshell by Alfonso Moreno

Daily image SHORT CAN HAPPEN AT THE DAILY AREA OF SUPPLY WITH CONFRIMATION TYPE OF TRADE BECAUSE NOW WEEKLY AREA OF DEMAND IS IN CONTROL, GOOD BASE STRONG IMBALANCE! BOOM!!! CHEERS!

Supply and demand in a nutshell by Alfonso Moreno

You'r welcome my friend.. First, let me read Price Action because it's very important.. Monthly image As you can see Price has pullback 6 times and always bounching from it, can't close above this zone/area. At point number 6 Price Drop and maybe ...

Supply and demand in a nutshell by Alfonso Moreno

Hello Vishy, let me correct your chart... Monthly image After break an descending trendline point number 1 and 2 so, brand new area of demand has been formed as per the rules.. Monthly is in consolidation, not an uptrend, rule say : Uptrend IF 1 ...

Supply and demand in a nutshell by Alfonso Moreno

Hello you, before you take a trade ask yourself where the price is located, because location is the KEY to set and forget your trade...and always calculate the profit margin it's very important! Here's my chart on GBPUSD weekly TF : image Monthly ...

Supply and demand in a nutshell by Alfonso Moreno

Monthly in Consolidation, DZ is in control and tested several times so we need confrimation on the Weekly, Brand new area of Demand created with remove opposing Supply OR wait a new trend (uptrend) to be formed for LONGS!

Supply and demand in a nutshell by Alfonso Moreno

NZDUSD Daily SZ has been playing out Nicely! In an Downtrend SZ are respected, DZ are eliminated my target around 0.70200 at the Weekly area of Demand nested Monthly area of Demand image

Supply and demand in a nutshell by Alfonso Moreno

Now Monthly DZ is in control, price rallying strongly, SHORT NO LONGER ALLOWED! image

Supply and demand in a nutshell by Alfonso Moreno

It's supply inherit because it's not break cost demand

Supply and demand in a nutshell by Alfonso Moreno

Brother, you know WHY in this case EURJPY supply inherit above B you draw is no longer valid?? Because the departure is not good it's wicky/a mess/compress area you know this "Compress area no longer valid against the trend its been easier ...

Supply and demand in a nutshell by Alfonso Moreno

Hi T On my chart, EURJPY is UP, look this chart : image Read from the right Thanks

Supply and demand in a nutshell by Alfonso Moreno

Eurjpy monthly is UP so LONG bias! No SHORT Remember "TRADING IS ALL ABOUT PROBABILITIES" Follow the trend, if you want counter trend use fresh and original at extreme (valley or peak) good base 2:1 make HH or LL etc. So, monthly UP SZ in control ...

Supply and demand in a nutshell by Alfonso Moreno

Hi there, read post no.1 there's a link you can download the last indicator Alfonso created

Supply and demand in a nutshell by Alfonso Moreno

Monthly up (long bias) Weekly up : brand new area of demand created on the weekly not good base, 2:1 imbalances and make HH For me, look at daily if you see daily dz fresh and original nested weekly area of demand you can take it, if nothing wait ...

Supply and demand in a nutshell by Alfonso Moreno

Yes, i'am agree with you T, NZDUSD monthly is consolidation sz in control for now..

Supply and demand in a nutshell by Alfonso Moreno

Alfonso, sorry i have question again, it's right consolidation EURCHF on the monthly?? and can i draw trendline like this after 3 CP?? Here's the EURCHF chart on the monthly : image Thanks.

Supply and demand in a nutshell by Alfonso Moreno