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.
1-3-07
EURUSD
There have been big moves out of ranges for the EURUSD and other currencies over the holiday with gaps on charts where moves happened on other platforms. The EURUSD is basing between 1.3266 and 1.3291 today, but the USDCHF has just broke out and the EURUSD could sell off.I would buy the pullback to 1.3238 if the EURUSD does sell off.
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Forex Trading Based on Supply and Demand
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11:35 PM
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