Only time tell us whether there is demand or supply on approach

Hi, It has been series of question being put about why I sold eur/usd, after in such a strong trend, then the answer is fakeout of supply and that supply was seriously strong, while we see price hold too long from second decision, there was probability that second decision will bring some chopiness as well, Its not necessary but approach to supply was quite shaky or in supply and demand words it was compressed and now it is back to the earlier decision and it is necessary for bulls to remain in control or if it is engulfed we will see what happens on approach to and my answers is short it again then

Price chart is all about decision to decision

Price is all about one decision to another decision, Price does not change hands from buyers to sellers without decisions because it could not be possible for the others to see whether distribution has taken place, and accumulation prior to distribution is one strong example of price will lean away from zone or supply .

Only approach to supply or demand tell us what is holding

Euro Chart below tell if you see the left side to start with where we see strong levels protected before we see price flip from a S/R zone and given way to new strong rally and another decision was made just above the strong support zone before price finds support again and saw strong buy orders there and price went in to consolidation zone again and last week we see engulf of first decision before a new low was made.

If you still need explanation why price move away strongly after it touched the second decision, then You should go back and explore the blog for few weeks and find your answer. Price back to decision of breaking the supply and If we got something substantial then it would confirm the direction of euro in coming weeks probably by approach to supply or decision to engulf again.

Make things simpler in Trading

Its upto every trader, that whether he make predetermined trading moves, or look for approach and find out areas where market has behaved whether it is about scalping or whether it is on higher time frames looking for position trade.

By now you should have at least a basic understanding of how support and resistance works in the markets. It's always important to visualize support and resistance as an imbalance between supply and demand forces where demand creates support when traders show willingness to buy or readjust their expectations and start to buy at higher prices. But a weak demand also contributes to create resistance when traders disagree in buying at higher prices.