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GBPUSD

by Matthew B, August 17, 2021

GBP/USD H4 DEMAND ZONE

by Matthew Bond August 17, 2021

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GBP/USD

|

Long

|

H4

Timeframe:

H4

Analysis Method:

DEMAND ZONE

Analysis:

4HR Demand level, 1HR refined zone

Looking for a reaction from the zone, a break of structure to the upside on the 15min chart and then execute on the retest of the zone/swing low

SMALLER TIME FRAME HAS GIVEN A POSSIBLE PROFIT TARGET AROUND 1/2RR (AROUND 1.37870)

Trade Plan:

SUPPLY/DEMAND NAKED TRADING

Risk Management:

0.25% – 1/2RR

Things To Watch For:

TUES – FED SPEECH – 18:30(UK)
WED – GBP CPI – 07:00(UK)

SMALL SUPPLY 1.37720

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