zanurreload Trading Journal

Good morning, very good journal friend, I hope I can also learn from you about the techniques you use such as supply and demand.

okay Anaasyawqiy, welcome to my journal. Here I trade using supply and demand, once I also add a trend line to analyze the market. I hope this journal can help other friends.

GBPJPY analysis

For GBPJPY pair in general I see the trend is still bullish bro, I see in TF H1 the buyer still dominates, on Friday's trading GBPJPY rose around 134 pips, even though when the News Manufacturing PMI was released GBPJPY had dropped around 67 pips but in the session America's GJ rises quite fast. Today I think GBPJPY will try again to continue the bullish trend. If I see it on TF H1, the area that is quite interesting is around the price of 142,854, because here there is a Demand area which is supported by the Resistance area that has been broken out, we can put the stop loss around the price of 142,582

for gbpjpy in my opinion it is still bullish for the day and will go up to the price range of 143,000 to 143,500 until the end of this week, because the strength of GBPJPY is almost 70% sterling as the main driver, according to my analysis of the gbpjpy pair

GBPJPY in yesterday's trading rose around 148 pips. Even though the explicit dovish tone was shown by the BoE, the Pound Sterling actually strengthened against the US Dollar. GBP / USD Daily rose 0.31 percent to 1.2969, recovering from the low level reached yesterday. But in a narrower time frame, there was a slight decline in response to the BoE's growth forecast.

Hi friend, I will monitor your updates so that I can learn more about forex techniques.. 

I found a good opportunity in USDCAD, I see now that the USDCAD is hitting the fresh supply zone on TF H4. This is our chance to sell. For Stop loss, we can put it at 1.3389 and take profit at the price range of 1.3204

if the furthest drop will reach what level bro?

if the furthest drop will reach what level bro?

Yes, in my opinion USDCAD is more likely to fall today, because currently it hit the supply zone. but this is just an analysis, I can see it wrong. keep the risk.

Good afternoon, like many have used the supply and demand techniques, and I also use the technique for my daily analysis and I also add some of the default indicators for me to use such as pivot points and moving averages

Yes, indeed this technique is quite simple. And using pure supply and demand, I don't add indicators there. but sometimes I also add trend lines as help.