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.
4-6-07
EURUSD
If you are still long from the 1.3320 entry, move the stop loss to 1.3369. The EURUSD is having trouble with the area of supply at 1.3440. If there is a spike down this morning with the NFP report, the EURUSD should rally if it sells off to the 1.3375 area.
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Forex Trading Based on Supply and Demand
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1:32 AM
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