Forex CADJPY: Weekly supply at 78.480 in control
4th November 2016
Indian Stock DABUR: Brand new demand imbalances
7th November 2016

US stock Costco Wholesale is within monthly demand zone with the monthly in an uptrend. Usually really wide levels like this are penetrated deeper, 50% plus but price has already tested this area and provided a strong weekly demand imbalance at 144.20 which could provide longs but ideally we want daily supply removing before taking any new levels that form. Long bias however simply wait for clear daily demand imbalances to form before taking longs.

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Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

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