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.
12-6-06
USDJPY
The USDJPY had a big bounce yesterday at the 1.1450 area. There is an area of breakout demand at 1.1472 that formed inside the big range between 1.1550 and 1.1450. That will be the first target for now on the short trade at 1.1550 unless another area forms higher in the range.
Posted by
Forex Trading Based on Supply and Demand
at
1:46 AM
No comments:
Post a Comment