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
GBPUSD
The GBPUSD has taken quite a hit, and has taken out several areas of demand including the important weekly area which means sellers are in control.
It is setting up for a breakout trade above 1.9429. The target is 1.9500 which puts us back inside the weekly range if we close above 1.9485.
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Forex Trading Based on Supply and Demand
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3:03 AM
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