baderocks2

USDCAD - Comparing Supply and demand with Support and resistance

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Most people are support and resistance traders, but they fail to understand why their setups fail. Because institutions know where the majority of people are trading, and will attack these areas when appropriate.
Are you a support and resistance trader, or supply and demand? And which do you prefer?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.