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.
2-23-07
USDJPY
There was a pullback to 1.2104 early yesterday morning in the USDJPY. The long trade was entered and exited at the first and second targets. The USDJPY is in the weekly area of supply between 1.2160 and 1.2200. The sell off may not happen this week. I will trade short next week in the USDJPY.
Posted by
Forex Trading Based on Supply and Demand
at
1:56 AM
No comments:
Post a Comment