Here’s a trade I took last week on the NZDUSD pair, my first trade for 2014. I took a long trade from a demand level I identified last month. What follows is a breakdown of my analysis for the trade.

Using reversal patterns is a great way to add confluence to your trades. Having confirmation for your intended trade direction by way of a price action pattern can help make sure you trade in the right direction. One of the best reversal patterns to use in trading is the quasimodo. When combined with supply and demand…

First and foremost, I am a supply and demand trader and this forms the basis for all of my trading decisions. Whilst the above is true I feel that it is important for me to consider support and resistance (also called SR for short) as part of my analysis when considering potential trading opportunities.