This Hourly chart of Sterling tells us that we had a breakout strong one and market start moving higher and they were really move it with rapid move and then certainly we saw a liquidation break and desperation after that liquidaty trap of strong selling, Market starts moving the price higher and higher and opportunity arrived on that strong hammer off the lows.
When you are really see price rise in a swing after accumulation or absorption then you will see desperation like that specially when we have neutral days after breakout
No comments:
Post a Comment