Friday, October 10, 2014

Tracking Demand and Supply l Oversold to Overbought

Rejection of supply level

As I have mentioned in my previous blog posts that We just indeed need one clue of rejection in ultra motion strong trends to trigger the entry with the trend, Even though the past rallies are strong enough, Which could be a part of "Exhaustion".

Currently I have tracked as such activity in Recent Intra day setup which is worth watching as I have seen Institutions or Strong Money selling it right from the top till pause and then selling activity resume.

That's a fact that at the time of writing this post price had already rallied 30 pips from 0.8860 to 0.8830 and that is how consciousness has a part to play in Intraday trading.

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