This was a perfect trade setup based on the principles of supply and demand.

Correlation can also be used to filter out the best trading setups to increase the winning ratio. It can also be used to identify false breakouts or institutional traps. Let me explain to you with an example. I have attached images of three currency pairs: USDCHF, USDSGD, and USDJPY. These pairs ar...

A rally base drop is a supply zone pattern in which a price range forms just after the bullish impulsive wave and then a bearish impulsive wave forms after breaking the range: This results in a supply zone formation. Price will return to the range to pick pending sell orders of institutions and the...

The price mostly breaks the key levels with strong market momentum, creating an impulsive wave, and it's called a pole. A pole usually has a flag at the top because the price always retraces after the impulsive wave.  However, the price moves back with a liquidity spike instead of making a flag or r...

If the price retraces after the breakout of the support/resistance level and then continues in the direction of the breakout, then an FTR or fail to return forms. What is fail to return.png Let me explain to you with an example. The red line shows the resistance level. After the resistance breakout...

Hello Forexbee. Greetings, Can you expantiate more on the essential difference between demand and Supply Zones from Support and Resistence . Regards I have answered this question in anther topic 👇🏻👇🏻 https://forums.forexbee.co/viewtopic.php?t=1174-difference-between-support-resistance-and-supply-de...

Support and resistance are the areas of attraction for buyers and sellers in the market. The traders mostly buy or sell from these key levels.  For example,  Round numbers: Most traders tend to buy/sell at round numbers like 1.2500 instead of 1.2576. That’s why massive buying or selling occurs at th...

In forex trading, when a buyer wants to buy currency, there must be a seller in the market. Without a seller, the buyer can not buy. In the same way, when big institutions or banks want to sell large amounts of currency, there must be many buyers in the market. So, to find many buy orders, market ma...

Order Blocks are the zones where big banks or market makers have placed their pending orders, and usually, when prices return to those zones, those orders are filled, and new trends start in the market.  There are two types of order blocks: 01 Bullish Order Block The range of the last bearish candle...

Update: Gold has not broken below the 2171 instead it has broken the inside bar in bullish direction. that's why This trade is not valid now.