Technical supply and demand is an approach based on price action. The general idea is to locate points on the chart where price has made a strong advance or decline. A demand zone is typically formed after a strong rally north. Conversely, a supply zone is effectively created following a noticeable move to the downside. … Continue reading How to identify supply and demand
Part Two… Following on from part one: What is Price Action in Forex Trading where we touched on the basics of price action, part two will dive in a little deeper and begin focusing on how the charts form specific price-based structures. While we would love nothing more than to show all the subtle nuances that … Continue reading What is Price Action? (Part 2)
Part one… Looking at a candlestick, bar or a line chart for the very first time is both captivating yet confusing. The typical response we hear from newer traders is that it reminds them of a hospital’s heart monitor. While this medical appliance is designed to monitor the fluctuations of a heart, the chart is … Continue reading What is Price Action in Forex Trading?