I really appreciate if someone can please explain how this works?
What I got is, this is a SELL signal and to enter anywhere in red rectangle area, the SL is highlighted in red and there are multiple TPs as highlighted in green.
Hi, that is 100% correct. Basically, Maryo gave us the supply zone and its up to us to decide when to enter within the zone. Multiple TPs are given if we decide to partially close trade to lock profit.
I am new to the thread and reading through past posts as well as the current ones. I was wondering why the pending EUR/USD order was canceled on the previous page? Price rose into the indicated supply zone and is currently falling as expected. Am i missing something?
I am no expert but I would imagine that there would be several situations that would invalidate S&D zones such as changes in fundamentals or strong moves in other pairs. I guess they would work best in markets where technicals are prevailling.