With a strong monthly demand imbalance in an uptrend gaining control around 11.600. In a uptrend, only buying GBPSEK Forex cross pair is possible. Monthly uptrend, monthly demand imbalance in control, no shorts are allowed. We do not need any indicators to tell us that we can go long on GBPSEK since there is a clear trend and a big timeframe imbalance has gained control.
Similar scenarios are happening on many GBP Forex cross pairs with monthly and weekly demand levels and imbalances in control. We can buy GBPSEK Forex cross pair expecting price to rally much higher, we also expect lower timeframe demand levels to be created on the way up as a reaction to strong monthly demand level at 11.600.
No need to use any kind of indicators or oscillators to learn how to trade Forex using supply and demand imbalances. Clean and uncluttered charts are all we need to plan a trade on Forex by locating strong impulses that comply the looks and shapes of a supply and demand imbalance.
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