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.
3-2-07
USDCHF
There was no trade in USDCHF yesterday. The 1.2135 demand area for a long trade was not reached. The USDCHF has rallied past 1.2240 this morning, so I will trade a small range today. Go long on the first pullback to 1.2240, and reverse to a short at 1.2286.
Posted by
Forex Trading Based on Supply and Demand
at
2:34 AM
No comments:
Post a Comment