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.
2-16-07
USDCHF
If you are still short the USDCHF from 1.2536, close the trade. The USDCHF is setting up for a breakout this morning on the 60 minute chart above 1.2351. It should stall at 1.2378 and then re-test 1.2351. It should then trade in a range between 1.2350 and 1.2380. I may buy the first pullback to 1.2350 in case the current sell off is done.
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Forex Trading Based on Supply and Demand
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1:02 AM
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