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Great Continuation Level to Buy

by Snir A, February 9, 2021

GBP/JPY H1 Supply and Demand

by Snir Ahiel February 9, 2021

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GBP/JPY

|

Long

|

H1

Timeframe:

H1

Analysis Method:

Supply and Demand

Analysis:

As we can see in the picture attached the price created a new demand below which seems like a great level for a buy continuation position, the price in the H1 or H4 time frames is bullish and therefore it consider as a continuation level

Trade Plan:

Buy the demand below

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  1. I agree. I’m currently in a short and my target is the demand zone, where I intend to switch to a buy if price action permits. Do you take anything else into consideration apart from trend and supply/demand levels? Like market profile / volume data?

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