littleriver

EUR/USD SUPPLY/DEMAND WEDGE

FX:EURUSD   Euro/U.S. Dollar
119 0 1
I DO NOT TRADE PAIRS. But, I do trade and I was looking at this pair. This chart emerged as I worked through the price action using supply/ demand. As the price works it's way towards equilibrium, it is clearly spending more and more time in the BALANCED MARKET box. Here is where traders are finding common ground and is the path of least resistance. In this chart, supply/demand are forming a wedge or symetrical triangle. It also demonstrates how these two forces form formations like double bottoms or IHS             . Finally, it shows how in time they drive price to a level where trend line breaks may occur more readily because of the balance between supply/demand.
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