Friday, November 14, 2014

Patterns spotted in Australian dollar l Intaday Price Action

Buying seeing at low levels

As I have mentioned in my previous post that Forex Trading is all about consciousness and timing and when You don't opt of any Forex Signals site and believe in yourself then such entry will come in routine.

Basic concept of "Market Profile" is to facilitate trading and they will do it with buying at downside moves and when You see such behavior in already "Bullish" trend, then you just need consciousness and timing and that is what "Currency or Stock Trading", is all about.

Are they really buying at low levels

If you closely watch the above mentioned chart then you will see market has breakout from a level and maintained a level above and whenever you see any type of "selling", then buying at low levels again push the price above and last buying was some serious attempt after false breakout of the range to the downside.

Trading is not all about seeing the price to move higher or lower in coming week, month or quarter, trading is about opportunities offered on short or long term and versatile traders know every type of market and they willing to accept what is being offered.

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