GBPJPY long - Supply Demand - daily

Jun 8, 2020

Hello Traders!

overal structure:
If we got a look at the bigger picture. We can see that the price made a huge drop. Afterwards price created a new Up Trend. We are currently in this Up Trend and we want to trade with this trend.

Supply Demand:
On GJ we can see that the price broke out of the daily Supply Zone. This Zone became now a Swap Zone. From here we can expect that the price will retest the Swap Zone. After a nice Price Action Confirmation at the Swap Zone we can enter long and trade the Trend to the Upside. Target is the Resistance Level.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.