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.
12-13-06
USDCHF
There was no short trade in the USDCHF yesterday at my entry price of 1.2074. The high yesterday was only 1.2060 on the spike candle following the Fed decision. That area of supply at 1.2074 is still my next area to enter a short trade with a first target of 1.2005 if the USDCHF can make it past the supply between 1.2022 - 1.2040 this morning.
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Forex Trading Based on Supply and Demand
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1:35 AM
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