How to Spot True Supply and Demand – Forex James

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Do you draw your lines on the wicks or bodies of the candles? Or do you draw your lines simply to connect most of the dots on the charts? Which one holds the true support and resistance or supply and demand?

Learning to spot true supply and demand is easy, you just have to train your eye to do it.

Look out for V – shaped reversals or Fakeouts.

Remember these points:
The fake-out does not count
It’s simply a wick on the higher timeframe

How to use it for trading:
Wait for the fake-out to happen
Enter on a pullback

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