girolamoaloe
Long

CADJPY - I am going to buy in the Demand

FX:CADJPY   Canadian Dollar / Japanese Yen
I am ready to buy in the demand level following the trend line .
According with my Trading Plan, I am considering to take profit approaching to the nearest supply level and later Sell high deeper in the supply.

I am looking for potential Fresh Supply levels for a Sell Trade. In my opinion, this scenario shows that only a few supply levels are good for sell trades. But I can take the fresh level on the trend line and others higher.

By arrows I marked some potential level for buy and sell trades.

What do you think?

Thank you

girolamoaloe.com
I see it as a low probability trade. See why in my chart.
Reply
Yes.. it is possible. but the demand has not been absorbed as you marked. the candle closed high inside it and other candles moved it up. it has marked a new lowest supply and a new demand level. it could start another small swing.
Reply
MarcoB PRO girolamoaloe
sure. it could bounce back up. There is a non-fresh demand on the daily around 89.10. But for me that weekly demand is now void. good luck!
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