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.
4-3-07
GBPUSD
There was a short trade entered early on Monday morning at 1.9720 that was closed at breakeven. The low after entry was 1.9708. The GBPUSD never reached the 1.9650 low for a long entry. I will buy the first pullback to 1.9733 for today. The first target will be 1.9775 and the second target will be 1.9800.
Posted by
Forex Trading Based on Supply and Demand
at
3:55 AM
No comments:
Post a Comment