EUR/USD Supplay and Demand Zone - Daily

Euro Fx/U.S. DollarFXCM

Description

⋅ Jul 1, 2014 3:05 AM

This is the Supply and Demand Zones on the Daily Chart.

The S-2-R Zone, is a level where Support has now become Resistance.

Looking for price to react at these zones. Currently price is the S-2-R Zone.

Comments

IzzoFx

⋅ Jul 2, 2014 12:45 PM

Went ahead and closed the trade for 48 pips. Spotted my t/p was in a 4HR R-2-S Zone So I didn't want to take the chance of price bouncing back on me and never hitting my t/p. All in all still good trade.

IzzoFx

⋅ Jul 1, 2014 3:08 AM

Currently in a SHORT position at 1.3690 looking for 1:1 for 50pips