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.
1-5-07
EURUSD
The EURUSD has come back down to the weekly area of support and is bouncing again.
It is setting up for a breakout trade up to 1.3160 once it clears 1.3110 this morning.
The sellers are in control, but the moving average is in the range and the price is above it.
Posted by
Forex Trading Based on Supply and Demand
at
3:02 AM
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