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.
1-9-07
GBPUSD
The pullback to 1.9303 long trade in the GBPUSD was triggered yesterday morning. The GBPUSD reached the first target at 1.9358 and the second target of 1.9392 was reached yesterday afternoon. The GBPUSD should trade between 1.9383 and 1.9500 as the range for today. If the GBPUSD breakouts past the 1.9429 area, you could buy the pullback to 1.9429 and trade the 1.9429 to 1.9500 range later today.
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Forex Trading Based on Supply and Demand
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11:54 PM
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