GBP/USD 15M - As you can see price has traded down and into the Demand Zone we have marked out above, this is after price has cleared and absorbed a level of Supply in the market.
This tells me that there is more Demand in the market than there is Supply and price is still showing clear signs of bullish structure with it not breaking any protected lows.
This trade is currently running + 17 pips. (+ 0.77%) 0.77RR
Based on this I have gone ahead and placed a long position with my SL below the zone I have gone ahead and got involved from and my TP is set at a higher timeframe area of Supply where I feel it may shake price once it trades in.
Well done to those of you who jumped in on this trade, if you have any questions with regards to the analysis or the trade itself drop me a message or comment below!
This tells me that there is more Demand in the market than there is Supply and price is still showing clear signs of bullish structure with it not breaking any protected lows.
This trade is currently running + 17 pips. (+ 0.77%) 0.77RR
Based on this I have gone ahead and placed a long position with my SL below the zone I have gone ahead and got involved from and my TP is set at a higher timeframe area of Supply where I feel it may shake price once it trades in.
Well done to those of you who jumped in on this trade, if you have any questions with regards to the analysis or the trade itself drop me a message or comment below!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.