On the left chart, we observe the subsequent supply level on the daily chart for EURJPY. Despite being established in August 2008, it remains a significant level for initiating a sell position, as the price has not yet revisited this level since that time. On the right chart, we have the 1-hour chart displaying the underlying demand level below, which presents a promising continuation point for a buy position.
Chart PatternsSupply and DemandSupport and Resistance

City Traders Imperium | Funding For Traders

- Est. Since 2018.
- Up to 100% Profit Share.
- Balance Based Drawdown.
- 1-Step & 2-Step Funded Accounts.

citytradersimperium.com/
Also on:

Disclaimer