GBPUSD fell to 1.20 where it was anticipated that demand would be high and in this live trade more than 150 pips captured within 24 hours.
Price returned to the post flash crash low marked as an anticipated dynamic demand zone based on historic price movement. Subsequently demand surged as anticipated and entry was targeted post-initial retraction.
The image below shows the anticipated dynamic demand level.
Taking a closer look with the 4Hr chart, the surge in demand is clearly visible as indicated by the long wick as price reversed.
On the 1hr chart, we can see the initial demand surge clearer as well as the brief retraction that initiated a long entry. In the candle following the initial demand surge, price briefly retracted back as low 1.209 and entry was made as it began to recover in anticipation of further climbs.
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