Forex Trading Ideas

Great Continuation Level to Buy

by Saul L, February 9, 2021

by Saul Lokier February 9, 2021

GBP/JPY

Long

Table of Contents

Timeframe:

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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Ajaz E says:

February 9, 2021 at 12:57

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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