Euro looks weakest of all amongst its counterpart l Supply and Demand Zones

Hi readers,
It was quite a silent month as far as currency trading is concerned even though lot of things happen in Eu and specially Greece. I decided to remain on sidelines and watch PA but there was no such trade specially my favorite pair Euro.

But, Today my shorts triggered right from the day start as we start seeing some weakness at the levels 1.1087, after we seen some fake moves after price try to break the previous fakeout zones.

The Chart I am posting today is the leading example how market orders get triggered and how price went in a zone and get rejecting immediately but still have some firepower to click the orders both way and then went in the direction of the overall trend.

Euro dollar chart With Supply and demand Zones

The Chart above is perfect example of behavior at various levels and when the direction is already decided and we just need to wait for big release day as it started right from the session start and selling takes over after asian session jump in the demand that was shortlived immediately after an hour or so.

Forex Trading Live Eur/Aud 20th July 2015 fetch 60 pips

Forex Trading Price Action. How to find decision points with the help of...

Forex Trading Strategies l Beginners Price Action Based On Supply and De...

Hi, Traders
I have recently built a video on my Aussie dollar trade that I took and all the important information is mentioned in the chart. Bit sluggish, but that's all I have at the moment and Will surely built professional videos in the time to come.

But nevertheless Idea is to keep you all updated on How I trade and What approach we should apply in sideways market structure. One should always keep and eye on always watch the decision points and How price behaves when it returns to those decision points and Its really worth it to take a trade with limit orders when price returns to those areas and Price has rallied or lean away from those areas and market is very hesitated visiting those areas in adverse market condition or fear of things to come.

Aussie Trade Setup

NewZealand Dollar Rate Cut by 0.25 bps l What's next

Newzealand bank cut the deposit rate by 25bps


After leaving rates on hold for 6 straight meetings, Finally RBNZ cut deposit rate by  25bp  to 3.25%. Dairy auction pricing has remained on the soft side and inflation expectations remain stuck below the 2% threshold, but the primary driver of the easing convictions is the announcement made with the latest RBNZ stability report. As expected the central bank sought to curb property inflation in the overheated Auckland area by boosting LVR requirements to 30% effective this October, thereby diminishing the primary deterrent to easier money.

<br>
- Along with decision on policy, markets will monitor the latest projections for growth, inflation, and 90-day bill rate forecasts made by the RBNZ on a quarterly basis. Last time in March, FY15 GDP was cut to 3.2% from 3.5%, CPI cut to flat from 1.1%, and 90-day billl rate target reduced 30bps to 3.7%

Weekly Chart has lot to travel till it find the last imbalance point