Tag: demand

Demand Zone at GBPCHF on H4 Timeframe, Buying

This demand zone is a rally-base-rally which caused price to break through the ranging area left to it. Then it created another ranging area right to it. Since there is also daily demand behind, I placed my buy limit. This was a bit deeper in the H4 demand, because there was a “breather” before arrival. (more…)

Buying AUDUSD at H4 Demand, but in Higher Timeframe Downtrend

Found this trend on H4 AUDUSD chart and looked to find an entry. The little demand zone was a sweet spot to continue the trend. I placed my limit order (i only use limit orders) at 0.7140 with a stop loss 30 pips below. The screenshot was taken right after triggering my order. (more…)