A Forex Trader’s Guide – JPY Supply and Demand Trading Gide (Case Study: January 27-31, 2020). Supply and demand trading is a trading method where the idea is to find points in the market where the price has made a strong advance or decline and mark these areas as supply and demand zones.
One of the fundamental rules to trading supply and demand is “The stronger the move away from a zone the higher the chance the market has of having a strong move away when it eventually returns”.
Supply and demand Forex traders can use this” supply and demand” knowledge to identify high probability price reaction zones. JPY “Supply & Demand” Case Study January 27-31, 2020.
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Heavy volume flows to the safe haven during the opening of the Asia session caused by the widespread of coronavirus has lead investors to park their money into purchasing Japanese bonds however still sellers could not break below 109.000 major key level.
if we can see further rejection above this level in a form of low test candle or engulf printed on the chart it might give is the opportunity to go long (BUY).
Similar situations with my earlier USDJPY ideas, with EURJPY 120.000 major level act as support very well. long opportunity may present on the table if sellers could not manage to break below 120.000 level.
This system is based on the Supply and Demand Index Indicator with many tools analytics for an interpretation of the price that bounces on the zone of Support and Resistance.
- Support and resistance Zone ( Supply Demand Index)
- Nihihilis tool
- GMTS tool
- Heatmap tool
- TMS angletor
- Dashboard MFI and WPR
- AO AC SAR
- CCI heatmap
- Chaikin Money Flow