As you can see GBPUSD developed a new trend and ive marked the new supply and demand areas. The price should correct back to the supply area and either break through or bound back to the demand area
Yeah you can't go off of the supply and demand zone initially but i just use it as a tool on the higher time framses to determine where the market might go. It's a good technical analysis to know, you just have to know how to use it right. I usually draw out my zones and then go to the smaller time frames to wait for opportunities
JasonLeighton
⋅
As you can see its going right down to the supply zone :)
JoeChampion
⋅
Excellent overview!
JasonLeighton
⋅
@JoeChampion, Tjank you :) As you can see, it's going right down to the supply zone
hongying2299
⋅
still can short
JasonLeighton
⋅
@hongying2299, Looks like it's going right down to the supply zone like i predicted :) I did end up going short so you know I'm happy