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.
2-2-07
USDCHF
The USDCHF is setting up for a breakout trade this morning at 1.2440. It has resistance at 1.2457. If it breaks out and then retraces to 1.2440 with a new 60 minute candle, go long at 1.2440 with a target of 1.2518 to reverse to a short.
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Forex Trading Based on Supply and Demand
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11:33 PM
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