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
USDCHF
The area of supply at 1.2320 has turned the USDCHF around for now.
If you are short, watch for the 1.2268 area and the 1.2216 area to act as support
if the USDCHF continues lower.
Posted by
Forex Trading Based on Supply and Demand
at
3:04 AM
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