 Hi, my name is Leon Roe currency trader in trading culture trading 180 comm and in this video We're going to really explain why this demand zone Didn't work right here. I mean it did here many traders who trade a supply and demand Just from a technical perspective, you know may have made a bit of money But on the pullback and the fresher area of demand right at the bottom. Why didn't this work, right? A lot of traders will Not really understand that technical traders. Anyway, we'll understand that fundamental analysis is really the reason why Supply and demand or any technical strategy will work You really need to understand that the fundamentals behind why price is moving the way it is and there's no Technical level whether it's supply whether it's demand whether it's support whether it's resistance Whatever indicator you can think of is not going to work if it's going against fundamentals or risk sentiment analysis and so The reason why is because of blockbuster jobs reports to push fed to hike and key rates hike Hi So we had on the 3rd of February non-farm payrolls come out and the data was fantastic Right, so it's you mean that was the 3rd of February the data was fantastic But what does that actually, you know mean really what it means is that the jobs means that the economy is doing Okay, or doing well as the the numbers were fantastic and the impact of that means that the Federal Reserve Can or gives license to the Federal Reserve to continue hiking rates and hiking rates typically appreciates a currency now currencies are trading and traded in pairs and so It's not a 100% guarantee at the moment It depends on who is hiking more and who's hiking bigger than another Bank right just because one bank is hiking if it's you know against another bank that is hiking even more and for longer then the Central bank that is hiking for more and longer will be in the will try to appreciate their currency and And that currency should appreciate against the one that is not hiking as much and is maybe not hiking for as long So with that being said it gave license to the Fed To put a higher rate peak on the table, which means that they are Can hike the market is expecting them to hike an extra 25 basis points Which then means that they the currency should appreciate which is basically what is happening right now now? How much it will appreciate is another story, but that's beyond the scope of this video What I'm just talking about is why this level? Yeah, why this level of demand did not work and why levels of supply and demand or certain levels of supply and demand Don't work and why some do and it's really imperative To your technical trading that you understand what is going on behind them beyond What price is telling you right you can see with your eyes everyone can see what's going on in the price chart But it's what is going on beyond what you don't see that is really moving price Especially over the medium to long-term and even in the short term price is really driven by liquidity market making and the such anyways, I hope you found that useful Take care and to all those Fundamental naysayers I'm gonna keep making these videos to prove to you that fundamental analysis is what is driving the market Anyone who says that technicals, you know all you need is technicals You know, I believe that they are They're wrong and I'm gonna prove it anyways take care until the next video Tell me what you think if you do think that technicals You know all the reason why you know, I'd love to hear your case But you know, I've got the proof as to why fundamentals and Understanding and having a deep understanding of fundamentals is really the reason why I have a levels will work or they won't work Anyways, take care. Have a great trading week. I'd love to hear your comments and feedback and All the best to the next video