I am still recieving people having difficulties in identifying demand supply level. As I mention in my recent ebook, there were criteria that needs to be met.
But there is also another way of identifying it. Though this was an old practice that I utilize when I was learning where price tend to turn.
Here are the settings on your chart typically on Mt4:
Background : Black ( so as to hide the wicks )
Filled candle: either color that identify bull and bear.
Here is the settings template.
Now the next step is Identify
- Large candle
- Almost vertical move
- Profit margin
- Make a square and see the wicks are the criteria . If it does, then it is a demand supply level.
Here is an example trade I did today.
Now try to practice that in your Forextester tools or Look back your chart on the end of the left side from its beginning.