rluu92

GBPJPY Daily Income, S&D

FX:GBPJPY   British Pound / Japanese Yen
Daily income using supply and demand
HTF - Daily, price currently in equilibrium=follow momentum/trend, unless it hits a HTF supply zone (all potential levels are zoned and highlighted with respective colours)

ITF - 4H, price currently trending up (HH, LL, HH, LL)
Rules: Mid/low curve, permission to buy in STF demand zones and follow trend until price hits a HTF supply zone, then permission to sell short if only there is enough profit margin (>3:1)

S&D zones are highlighted
Red area and above=conservative to short
Yellow area=aggressive area to short/long (better odds, follow momentum)
Green area and below=conservative to long
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.