Supply and Demand Zone Analysis for EURUSD and GBPUSD – 1 June 2019
Here are some supply and demand zone analysis for EURUSD and GBPUSD. For EURUSD we have newly formed demand zone with strength 5. For GBPUSD, we just 10 pips away from the nearest supply zone.
Supply and Demand zone trading is like fishing. You wait until price is visiting the zone. Then you determine the opportunity of reversal or breakout while highest volatility supplied from market. this is good skills to add on top of your support and resistance trading skills.
If you are not so sure about support and resistance, do not trade at all. You are not ready to trade without knowledge of support and resistance. If you know support and resistance, but you still can not differentiate numerical support and resistance to geometric support and resistance, you are still not ready to trade. Wait until you are educated and experienced with market reaction around support and resistance. This is the bottom line of your training for forex and stock market.
Below are the links to the Mean Reversion Supply Demand indicator for MetaTrader 4/MetaTrader 5.
https://www.mql5.com/en/market/product/16823
https://www.mql5.com/en/market/product/16851
https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/
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