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New Demand Created

by Saul L, February 4, 2021

GBP/CAD M15 Supply and Demand

by Saul Lokier February 4, 2021

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GBP/CAD

|

Long

|

M15

Timeframe:

M15

Analysis Method:

Supply and Demand

Analysis:

After a few high impact news release for the GBP currency, the price created a new demand in most of the GBP pairs, It creates new opportunities for buy positions and i choose to focus on the GBPCAD pair, I’ll buy at the demand below in blue on the picture and the final target will be the resistance above in green.

Trade Plan:

Buy the demand below

Risk Management:

Stop loss few pips below the demand

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