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.
1-14-07
USDCHF
The was no trade recommendation for the USDCHF on Friday. The USDCHF did manage to extend the top of the range to a high of 1.2528 before the sellers emerged. I mentioned in the Friday email that I expected selling because the USDCHF had entered an area of supply on the weekly chart. I am looking for the USDCHF to trade in a range between 1.2528 and 1.2400 going forward.
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Forex Trading Based on Supply and Demand
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7:17 AM
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