Ever wondered how to trade Forex using a supply and demand strategy? One of the most important characteristics of a supply and demand strategy is the strength of the impulse.
On GBPNZD we can see very strong impulses on the weekly timeframe that ended up becoming a demand imbalance. Not all impulses are considered an imbalance, there are very specific rules to determine an imbalance in our supply and demand Forex trading strategy.
In the Forex video analysis for GBPNZD Forex cross pair below we can see three very strong weekly impulses and imbalances, the last one at 1.95 where we are expecting price to retrace. Longs will be possible again on GBPNZD around that price level. We must be patient when trading bigger timeframe imbalances.
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.
Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.
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