What is EURUSD Forex cross pair forecast based supply and demand technical analysis? Well, as discussed in previous video technical analysis in the past, we have a clear long term short bias on EURUSD Forex cross pair creating and respecting bigger timeframe supply levels and imbalances and eliminating obstacles in the form of demand imbalances.
In a clear downtrend we should only be interested in selling EURUSD Forex cross pair. If you are using other Forex trading strategies or even trading the lower timeframes using indicators and oscillators, you can use this supply and demand technical analysis on EURUSD Forex cross pair to plan your shorts. You might be using CCI or RSI oscillators or even moving average crosses and Bollinger Bands, we don’t really need any of those to make a trading decision when trading supply and demand imbalances.
All we need to know is that we have a trend and direction and new supply levels created. The technical video analysis you can watch below shows a longer term EURUSD Forex cross pair analysis using the weekly timeframe as the main timeframe. New supply level has been created around 1.1225, gained control and price is dropping strongly with a lot of room on the way down to a strong monthly demand level that is located near EURUSD parity level where longs will be possible again.
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.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
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