We were planning to short these pairs based on what was happening with the rest of the major markets. However, you always have to play out different scenarios before you see yourself putting on trades. We need confirmation based on price action and our supply and demand zones that price really wanted to drop.
Our 4h supply was perfectly located using our principles and concepts. We needed to test the reliability of the zone, we need hard evidence that this supply was going to be used to continue the 4h downtrend. Using what we know to be true, it was highly predictable at the confirmation price level shown above that the 4h supply was not going to hold. Our demand zone on the monthly chart also confirmed that the removal of the 4h supply was highly possible.
A very similar scenario took place on the pound. 4h supply was perfectly located using our principles and concepts. We needed to test the reliability of the zone, we need hard evidence that this supply was going to be used to continue the 4h downtrend. Using what we know to be true, it was highly predictable at the confirmation price level shown above that the 4h supply was not going to hold.
Conclusion:
Is it possible to predict and forecast the markets with high certainty? Of course we can! You can learn to do the same if you will make the effort to study the charts we do. At the school we have massive amounts of students who have shown the dedication required and they are continuously able to prevent themselves from getting into loosing trades. I would love to help you do the same. If you are interested feel free to visit our school at https://www.whiteoakfx.com or just click the button below.