leonrowe

GBPUSD - SUPPLY & DEMAND ZONES

OANDA:GBPUSD   British Pound / U.S. Dollar
Hi traders.

Whenever you are looking at a technical level, always ask yourself the following:

- Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones)
- Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit)
- What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off)

If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked.

Always remember this trade is only 1 trade in the next thousand you're going to take.
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