OANDA:GBPJPY   British Pound / Japanese Yen
price is respecting daily and 4 hour demand also creating and respecting new demand so i’m looking for a trade around the 161.000 area once brand new demand is created (indicated by the blue boxed area). i’m hoping to get the setup during this london session but if not i’m thinking Ny vol might push price up. (or down)

trade invalid with break below 160.600

stop will be below the candle low of the brand new demand area
target is high at 162.350 ish but looking to secure profit along the way
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.