GBPUSD +9R Trade - Supply Demand, Liquidity, Explanation

OANDA:GBPUSD   British Pound / U.S. Dollar
Very nice Trade that I took today.

This is actually the way on how to approach your trades by looking at the options that the market is giving you. In this case I was not sure which Demand Zone the market will pick so I decided to use all 3 Demand Zones. The first was activated and ran into profits. Then I secured the position by moving SL to entry which was a very important decision. We do not want to risk our position if we know exactly that the price can use the liquidity below us. And this is what the market did at the end.

What do you think about this approach?


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