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GBPUSD

by Matthew B, August 19, 2021

GBP/USD H4 DEMAND LEVEL

by Matthew Bond August 19, 2021

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GBP/USD

|

Long

|

H4

Timeframe:

H4

Analysis Method:

DEMAND LEVEL

Analysis:

Daily swing low, marked the demand using 4HR chart and then refined on the 1HR chart.
Price created a nice base and the pushed through breaking structure to the upside.

I will be looking for price to enter the zone using the 15M time frame. React from the level breaking structure and the enter on the pullback/retest to the recent relevant supply level.

Trade Plan:

SUPPLY/DEMAND NAKED TRADING

Risk Management:

0.25%

Things To Watch For:

If price does not react or break structure the demand zone is invalid

**POTENTIAL SUPPLY PULLBACK TRADE, SAME ENTRY REQUIREMENT BUT TO THE DOWN SIDE. PROFIT TARGET JUST ABOVE DEMAND ZONE**

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