How to trade Forex using a supply and demand strategy
USDJPY shows what price action areas we expect price to react from on USDJPY Forex Cross pair. USDJPY is dropping strongly reacting to previous weekly supply imbalances in a big picture downtrend. New supply levels have been created around 114, 112.69 and a brand new one around 111.60. This USDJPY cross pair analysis is done on the weekly timeframe for those interested in a Forex strategy to help them in their swing trading.
These strong impulses become often times a new imbalance where we can plan our trades based on very specific rules. By reading a series of price action patterns you will be able to identify certain price areas that become supply and demand imbalances where you will be able to plan your trades. One of the most important characteristic for an impulse to become an imbalance is its strength as can be seen in the imbalances drawn on USDJPY Forex cross pair weekly timeframe. Price action together with a mechanical supply and demand strategy will help you locate areas of imbalance where new trades can be taken.
USDJPY has fallen short of retracing to last supply imbalance around 112 but has continued to drop strongly creating another supply level around 111.60. There are many Forex trading strategies that work, you just have to master one of them by trading it over a long period of time until you are number one doing the same boring thing every day. If you start skimming around and jumping between different strategies you will be auto-sabotaging yourself.
These strong impulses become often times a new imbalance where we can plan our trades based on very specific rules. By reading a series of price action patterns you will be able to identify certain price areas that become supply and demand imbalances where you will be able to plan your trades. One of the most important characteristic for an impulse to become an imbalance is its strength as can be seen in the imbalances drawn on USDJPY Forex cross pair weekly timeframe. Price action together with a mechanical supply and demand strategy will help you locate areas of imbalance where new trades can be taken.
USDJPY has fallen short of retracing to last supply imbalance around 112 but has continued to drop strongly creating another supply level around 111.60. There are many Forex trading strategies that work, you just have to master one of them by trading it over a long period of time until you are number one doing the same boring thing every day. If you start skimming around and jumping between different strategies you will be auto-sabotaging yourself.