GBPUSD Long (Supply & Demand)
Setup Timeframe: 1H
Execution Timeframe: 15M
Risk: 1%
Reward: 4%
Reasons for Entry: Entered into a 1H demand zone, and showed rejection with a bullish engulfing candle on the 15M timeframe.
Reasons for SL placement: Below the lower wicks into the demand zone.
Reasons for TP placement: Good RR.
Execution Timeframe: 15M
Risk: 1%
Reward: 4%
Reasons for Entry: Entered into a 1H demand zone, and showed rejection with a bullish engulfing candle on the 15M timeframe.
Reasons for SL placement: Below the lower wicks into the demand zone.
Reasons for TP placement: Good RR.
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