My Trading is based on the laws of supply and demand. Everything about price is reflected in the price. Price moves between areas of supply and demand until the demand is absorbed and price moves lower or supply is absorbed and price moves higher. This blog is dedicated to the relationship of supply and demand and it's effects on price in the forex markets. Once supply and demand is learned, it can be used in any market.
11-30-06
USDCHF
The breakout trade above 1.2115 failed and was stopped out for a 10 pip loss. There is a breakout area inside the big trading range at 1.2040 that may turn the USDCHF higher on a sell off this morning. If a bounce does happen, that would mean the range is starting to narrow.
Posted by
Forex Trading Based on Supply and Demand
at
2:01 AM
No comments:
Post a Comment