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.
1-22-07
EURUSD
The EURUSD looks like it is setting up for a breakout trade above 1.2970. There is resistance at 1.2982 and 1.2995. If it does breakout past 1.2970, buy the first pullback to 1.2970. The first target is 1.2995 and the second target is 1.3020.
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Forex Trading Based on Supply and Demand
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12:02 AM
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