DCHESSKING(THE MONEY GENIUS)

That pin bar before the next candle must have triggered a lot of sellers because of the pattern being formed .. forgetting it’s just false

So if a demand is close to the supply, it means there are people willing to buy at a higher price, indicating enough buyers. Even when you see a rejection, it may be false. Therefore, you can only sell when the possible base, which is the opposite zone, has been broken in such a case.

The possible base is a determinant factor in determining whether your position is valid or not. If you’re trading a supply, you need to know the nearest point of buyers …where’s the closest buying zone to the supply? I require a minimum of a 1:2 ratio from the supply to the buying zone (possible base). Anything less means any signal, such as a rejection or any candle pattern signaling a reversal, is likely false, as the market still has the prevailing trend being valid. Remember, what drives the market to the supply is buyers.

Possible base is not a complicated strategy..it’s a principle I follow. When trading any zone, whether it’s a demand or supply, you should know the closest opposite zone.

Remember, my bias is to sell. The only determinant factor to sell is if the possible base shows that such a direction is valid. I don't base my entire trading decision on the past but rather on the approach to the zone in respect to the possible base, which is the proximity itself. So, we will wait for the price to show a clear major point of entry.

Remember, my bias is to sell. The only determinant factor to sell is if the possible base shows that such a direction is valid. I don't base my entire trading decision on the past but rather on the approach to the zone in respect to the possible base, which is the proximity itself. So, we will wait for the price to show a clear major point of entry.

Watch how many sellers would be manipulated by that zone that would be of interest to short. As you can see from the zone indicated, there's no validity because the possible base(buying zone) sits closely to the indicated supply zone, which makes it invalid to sell at that point… the possible base being too close to the supply shows that the driving trend is still valid.

The demand is the last zone drawn and indicated below !!

At the moment selling is only valid, except price goes above 1.0852, that’s the only level to find any bullish reaction!!! So it’s TANK all the way!!!

Since EU broke below 1.0834 zone, the zone act as a possible base against the 1H demand zone. As you can see, we’ve it way to close to the demand which brings us to how I apply my concept. When we’ve sellers too close to the demand zone, it means there are more people willing to sell at a lower price. A breakout from the current demand zone itself (with a false signal candle formation) will trigger my action to sell, or a retracement back to 1.0823 as another interest level for selling opportunity.

Sharing my outlook for intraday shortly. It been a while :)

Interesting time for EU!! keep your eyes here for updates.. 🤝

Of course… Possible base around 1.0896, but these retail sellers won’t see it :)

Welcome everyone!!!✅♟️ Happy Valentine

What’s EURUSD going to do?? Listen!!! It’s chessking here!!

Keep the numbers!!

Anyone who says you can’t make 155M in a week should be tripping.

$103,511- 155M Naira!! Keep these trades on desk.

Back to 54,000 tho